Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 28 % of short-term debt in 2024; threshold 65 %.
-
Busy address KBO
12 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
MUNIC GEMS from Antwerpen, company number BE0435257410, closed financial year 2024 with a result of € -52,905 after tax. For that financial year MUNIC GEMS recorded a gross margin of € 390,388 and equity of € 6.6 million. Compared with financial year 2023, the result moved from € -5.2 million to € -52,905. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 30, 2025.
€ 6.6 million
▼ 1% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -52,905
▲ 99 % less loss than in 2023
Profit after tax over the fiscal year.
€ 36,611
▲ € 29,320 vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.5 million.
Debts at end 2024
€ 2.9 million
▼ 46% vs 2023
Loans from banks and other lenders, long and short.
€ 4.3 million
▼ 11% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 1.9 million
▼ 1% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 4,913,534 | - | - | - | |
| Gross margin | - | € -744,569 | € -5,185,173 | € 390,388 | ▲ € 5.6 million |
| Profit after taxes | € 596,574 | € -3,134,506 | € -5,193,057 | € -52,905 | ▲ € 5.1 million |
| Equity | € 15,000,074 | € 11,865,568 | € 6,672,511 | € 6,619,606 | ▼ 1% |
| Total debts | € 15,149,475 | € 14,352,621 | € 13,458,889 | € 12,158,051 | ▼ 10% |
| Cash | € 39,435 | € 6,668 | € 7,291 | € 36,611 | ▲ € 29,320 |
| Land & buildings | € 158,646 | € 147,277 | € 135,909 | € 129,044 | ▼ 5% |
| Retained profit | € 9,874,074 | € 6,739,568 | € 1,546,511 | € 1,493,606 | ▼ 3% |
| Bank debt | € 5,862,135 | € 5,577,472 | € 5,277,680 | € 2,874,430 | ▼ 46% |
| Balance sheet total | € 30,149,548 | € 26,218,189 | € 20,131,400 | € 18,777,657 | ▼ 7% |
| Employees (FTE) | 1.7 | 1.5 | 0.2 | - |
Key figures of MUNIC GEMS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to MUNIC GEMS?
What happened at MUNIC GEMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mukesh SHAH stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 52,905. filed late Source: NBB ↗
- Sandhya Mukesh Shah stepped down as director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 596,574 profit in 2021 to € 52,905 loss in 2024.
Paid € 2 million in corporate taxes since 2021.
Best year ever: 2021, with € 596,574 profit.
A new publication or filing at MUNIC GEMS? We notify you, reason included.
Follow MUNIC GEMSDatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
It owns 50% of SNOW STAR DIAMOND itself.
Directors
According to the 2024 annual accounts
Mukesh SHAH
Managing director
Also active at: MUNIC JEWELS, ROSE D'ANVERS, SNOW STAR DIAMOND, MUNIC GEMS INVESTMENT, Shining Star
· until 2030
· until 2024
Establishments
Establishment units
Physical locations of this company
Hoveniersstraat 9 box 18
2018 Antwerpen
Hoveniersstraat 9 18
2018 Antwerpen
Active since 22 September 1988
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 12 companies are registered at this address.
All companies at this address →Marmi
€ 35,585 gross margin · 2025
FELSEN EN ZOON
€ -268,155 gross margin · 2025
DIAJEWEL
CHAN'S DIAMOND
€ -91,970 gross margin · 2025
POLDIAM
€ -122,117 gross margin · 2025
+7 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0435.257.410
- VAT number
- BE 0435.257.410
- Registered office
- Hoveniersstraat 9 bus 18, 2018 Antwerpen
- Names & denominations
- MUNIC GEMS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 8 September 1988
- Peppol
- Active · Active since 31 Dec 2025
- Activities · NACE
Groothandel in diamant en andere edelstenen
Groothandel in diamant