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 2024 and 2025.
-
Shrinking team NBB
FTE fell two years in a row, from 4.9 to 2.7.
Financials
Financial year 2025
AJARI GEMS from Antwerpen, company number BE0461487891, closed financial year 2025 with a result of € -11.9 million after tax. For that financial year AJARI GEMS recorded revenue of € 20.7 million and equity of € 69.6 million. Compared with financial year 2024, the result moved from € -2.2 million to € -11.9 million. 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 July 15, 2026.
€ 69.6 million
▼ 15% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11.9 million
▼ 439 % more loss than in 2024
Profit after tax over the fiscal year.
€ 277,341
▲ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 69.6 million.
People and assets in 2025
2.7
▼ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 141,123
▼ 25% vs 2024
€ 52,300 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.
€ 37,684
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 303,193
▼ 9% vs 2024
€ 32,823 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 10.7 million
▼ 24% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 121 days on average.
€ 109,968
▲ 8% vs 2024
Taxes, VAT and social contributions still to pay.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 43,635,246 | € 55,657,751 | € 32,506,346 | € 20,662,716 | ▼ 36% |
| Profit after taxes | € 5,553,514 | € 52,186 | € -2,202,823 | € -11,876,717 | ▼ € 9.7 million |
| Equity | € 84,151,155 | € 83,653,341 | € 81,450,518 | € 69,573,801 | ▼ 15% |
| Total debts | € 36,690,144 | € 21,383,031 | € 16,915,991 | € 11,141,591 | ▼ 34% |
| Cash | € 3,261,894 | € 902,637 | € 181,326 | € 277,341 | ▲ 53% |
| Land & buildings | € 1,977,380 | € 1,935,885 | € 1,874,048 | € 1,812,211 | ▼ 3% |
| Retained profit | € 84,132,555 | € 83,634,741 | € 81,431,918 | € 69,555,201 | ▼ 15% |
| Dividend | € 0 | € 550,000 | € 0 | € 0 | |
| Bank debt | € 445,977 | € 391,223 | € 334,834 | € 303,193 | ▼ 9% |
| Balance sheet total | € 120,866,421 | € 105,060,205 | € 98,389,054 | € 80,736,649 | ▼ 18% |
| Employees (FTE) | 4.4 | 4.9 | 4.2 | 2.7 | ▼ 1.5 |
Key figures of AJARI GEMS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to AJARI GEMS?
What happened at AJARI GEMS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 11.9 million. Source: NBB ↗
- Shripal Mohalal Bhandari became a director. NBB
- Bharat Ranjeetmal Sanghvi became a director. NBB
- Manish Rameshchandra Shah became a director. NBB
- Manish Golchha became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 5.6 million profit in 2022 to € 11.9 million loss in 2025.
Paid € 269,793 in corporate taxes since 2022.
Best year ever: 2022, with € 5.6 million profit.
Paid out € 550,000 in dividends to the owners in total.
A new publication or filing at AJARI GEMS? We notify you, reason included.
Follow AJARI 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
Behind AJARI GEMS are Shripal Mohalal Bhandari, Bharat Ranjeetmal Sanghvi, Manish Rameshchandra Shah and Manish Golchha.
Directors
According to the 2025 annual accounts
Shripal Mohalal Bhandari
Director
since 2017
Bharat Ranjeetmal Sanghvi
Director
since 2012
Manish Rameshchandra Shah
Director
since 2012
Manish Golchha
Director
since 2010
Establishments
Establishment units
Physical locations of this company
Hoveniersstraat 30 box 171
2018 Antwerpen
Hoveniersstraat 30
2018 Antwerpen
Active since 2 October 1997
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0461.487.891
- VAT number
- BE 0461.487.891
- Registered office
- Hoveniersstraat 30 bus 171, 2018 Antwerpen
- Names & denominations
- AJARI GEMS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 22 September 1997
- Peppol
- Active · Active since 17 Sept 2025
- Activities · NACE
Groothandel in diamant
Groothandel in diamant en andere edelstenen
Bewerken van diamant
Bewerking van diamant