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.
-
Late annual account NBB
Fiscal year 2024 was filed 350 days after the legal deadline.
Financials
Financial year 2024
Gembel European Sales from Antwerpen, company number BE0460253815, closed financial year 2024 with a result of € -786,632 after tax. For that financial year Gembel European Sales recorded a gross margin of € 158,079 and equity of € 12.9 million. Compared with financial year 2023, the result moved from € -5.1 million to € -786,632. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 16, 2026.
€ 12.9 million
▼ 6% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -786,632
▲ 85 % less loss than in 2023
Profit after tax over the fiscal year.
€ 58,237
▼ 49% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 11.9 million.
People and assets in 2024
5.7
▼ 0.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 296,082
€ 51,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 2,781
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 13 million
▼ 7% vs 2023
Loans from banks and other lenders, long and short.
€ 25.6 million
▲ 103% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 73,930
▼ 17% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 2,763,206 | € 2,039,791 | € -2,335,412 | € 158,079 | ▲ € 2.5 million |
| Profit after taxes | € 380,992 | € 285,380 | € -5,112,598 | € -786,632 | ▲ € 4.3 million |
| Equity | € 18,473,253 | € 18,758,633 | € 13,646,035 | € 12,856,403 | ▼ 6% |
| Total debts | € 38,074,640 | € 39,295,149 | € 27,041,131 | € 39,005,624 | ▲ 44% |
| Cash | € 109,137 | € 109,938 | € 113,776 | € 58,237 | ▼ 49% |
| Retained profit | € 17,515,670 | € 17,801,051 | € 12,688,453 | € 11,898,821 | ▼ 6% |
| Bank debt | € 17,598,900 | € 16,309,737 | € 13,994,137 | € 12,981,592 | ▼ 7% |
| Balance sheet total | € 56,547,893 | € 58,053,781 | € 40,687,166 | € 51,862,028 | ▲ 27% |
| Employees (FTE) | 6.1 | 5.8 | 5.8 | 5.7 | ▼ 0.1 |
Key figures of Gembel European Sales, 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 Gembel European Sales?
What happened at Gembel European Sales in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Chetan MEHTA stepped down as director. NBB
- Sanjiwan SAHNI stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 786,632. filed late Source: NBB ↗
- Rashmi MEHTA stepped down as director. NBB
- Ayushman MEHTA stepped down as director. NBB
- Sanjiwan SAHNI became a director. NBB
- Ayushman MEHTA became a director. NBB
- Bhavin MEHTA stepped down as director. NBB
In short
From € 380,992 profit in 2021 to € 786,632 loss in 2024.
Paid € 106,524 in corporate taxes since 2021.
Best year ever: 2021, with € 380,992 profit.
On average € 27,700 of value added per employee in 2024.
A new publication or filing at Gembel European Sales? We notify you, reason included.
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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 20.1% of Menamani Investment Corporation Nv itself.
Directors
According to the 2024 annual accounts
since 2014 · until 2029
Sanjiwan SAHNI
Director
since 2024 · until 2029
since 2020 · until 2026
Ayushman MEHTA
Director
since 2024 · until 2024
since 2020 · until 2024
Establishments
Establishment units
Physical locations of this company
Vestingstraat 74
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →Gembel same network
€ -855 gross margin · 2024
Hakker Company Antwerp
MILLENIUMDIMON
€ -363,258 gross margin · 2025
MENAMANI INVESTMENT CORPORATION same network
€ -23,221 gross margin · 2024
Kay Jewels
€ -3,390 gross margin · 2022
+2 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
- 0460.253.815
- VAT number
- BE 0460.253.815
- Registered office
- Vestingstraat 74, 2018 Antwerpen
- Names & denominations
- Gembel European Sales
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 March 1997
- Peppol
- Active · Active since 27 Oct 2025
- Activities · NACE
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