Financials
Financial year 2025
SHIVAY GEMS from Antwerpen, company number BE0861938733, closed financial year 2025 with a result of € -293,980 after tax. For that financial year SHIVAY GEMS recorded a gross margin of € -256,806 and equity of € 2.4 million. Compared with financial year 2024, the result moved from € 157,691 to € -293,980. 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 29, 2026.
€ 2.4 million
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -293,980
▼ still € 157,691 profit in 2024
Profit after tax over the fiscal year.
€ 110,481
▼ 90% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.8 million.
People and assets in 2025
€ 20
▼ 99% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 60,792
▲ € 55,016 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 425,532
▼ 71% vs 2024
Loans from banks and other lenders, long and short.
€ 2,773
▼ 58% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,394
▼ 49% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 31,155,836 | € 23,556,266 | € 8,614,706 | - | |
| Gross margin | - | - | - | € -256,806 | |
| Profit after taxes | € 438,964 | € 470,764 | € 157,691 | € -293,980 | ▼ € 451,671 |
| Equity | € 2,027,880 | € 2,498,644 | € 2,656,335 | € 2,362,354 | ▼ 11% |
| Total debts | € 3,925,623 | € 2,508,978 | € 1,491,684 | € 461,220 | ▼ 69% |
| Cash | € 164,490 | € 169,658 | € 1,137,856 | € 110,481 | ▼ 90% |
| Land & buildings | € 187,190 | € 182,752 | € 178,315 | € 173,877 | ▼ 2% |
| Retained profit | € 1,472,500 | € 1,943,264 | € 2,100,955 | € 1,806,975 | ▼ 14% |
| Bank debt | € 3,684,239 | € 2,357,648 | € 1,443,835 | € 425,532 | ▼ 71% |
| Balance sheet total | € 5,953,503 | € 5,007,623 | € 4,148,019 | € 2,823,574 | ▼ 32% |
| Employees (FTE) | 0.2 | 0.2 | 0.1 | - |
Key figures of SHIVAY 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 SHIVAY GEMS?
What happened at SHIVAY 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 € 293,980 (▼ € 451,671 vs 2024). Source: NBB ↗
- Kirankumar Govindbhai Khadsaliya became a director. NBB
- Girishkumar Harilal Patel became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 438,964 profit in 2022 to € 293,980 loss in 2025.
Paid € 134,695 in corporate taxes since 2022.
Best year ever: 2023, with € 470,764 profit.
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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 SHIVAY GEMS are Girishkumar Harilal Patel and Kirankumar Govindbhai Khadsaliya. Girishkumar Harilal Patel is also behind KIRA JEWELS.
Directors
According to the 2025 annual accounts
since 2009
Kirankumar Govindbhai Khadsaliya
Director
since 2021
Establishments
Establishment units
Physical locations of this company
Hoveniersstraat 30 box 260
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
- 0861.938.733
- VAT number
- BE 0861.938.733
- Registered office
- Hoveniersstraat 30 bus 260, 2018 Antwerpen
- Names & denominations
- SHIVAY GEMS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 December 2003
- Peppol
- Active · Active since 17 Nov 2025
- Activities · NACE
Groothandel in diamant en andere edelstenen
Groothandel in diamant