Financials
Financial year 2025
GEM STAR from Antwerpen, company number BE0744664347, closed financial year 2025 with a result of € -8,881 after tax. For that financial year GEM STAR recorded revenue of € 12.8 million and equity of € 8.4 million. Compared with financial year 2024, the result moved from € 1.5 million to € -8,881. 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 August 28, 2026.
€ 8.4 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -8,881
▼ still € 1.5 million profit in 2024
Profit after tax over the fiscal year.
€ 389,931
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 8.4 million.
People and assets in 2025
5.5
▲ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 291,345
▲ 39% vs 2024
€ 53,000 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.
€ 25,877
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4 million
▼ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 116 days on average.
€ 130,175
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 29,091,269 | € 21,311,430 | € 22,202,404 | € 12,812,259 | ▼ 42% |
| Profit after taxes | € 3,400,003 | € 1,486,085 | € 1,472,589 | € -8,881 | ▼ € 1.5 million |
| Equity | € 5,494,665 | € 6,980,750 | € 8,453,339 | € 8,444,459 | |
| Total debts | € 6,069,121 | € 9,822,612 | € 9,474,054 | € 4,103,353 | ▼ 57% |
| Cash | € 602,556 | € 157,365 | € 618,985 | € 389,931 | ▼ 37% |
| Land & buildings | - | - | € 339,750 | € 332,031 | ▼ 2% |
| Retained profit | € 5,476,065 | € 6,962,150 | € 8,434,739 | € 8,425,859 | |
| Dividend | € 25,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 11,563,787 | € 16,803,363 | € 17,927,393 | € 12,547,812 | ▼ 30% |
| Employees (FTE) | 2 | 2.8 | 4.1 | 5.5 | ▲ 1.4 |
Key figures of GEM STAR, 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 GEM STAR?
What happened at GEM STAR in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 8,881 (▼ € 1.5 million vs 2024). filed late Source: NBB ↗
- Parth Pandya became a director. NBB
- RISHITA SHAH became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 3.4 million profit in 2022 to € 8,881 loss in 2025.
Paid € 172,500 in corporate taxes since 2022.
Best year ever: 2022, with € 3.4 million profit.
Paid out € 25,000 in dividends to the owners in total.
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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
Behind GEM STAR are Parth Pandya and RISHITA SHAH.
Directors
According to the 2025 annual accounts
Parth Pandya
Director
since 2026
RISHITA SHAH
Director
since 2024
Establishments
Establishment units
Physical locations of this company
Hoveniersstraat 30 box 265
2018 Antwerpen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0744.664.347
- VAT number
- BE 0744.664.347
- Registered office
- Hoveniersstraat 30 bus 265, 2018 Antwerpen
- Names & denominations
- GEM STAR
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 March 2020
- Peppol
- Active · Active since 7 Oct 2025
- Activities · NACE
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