GEA Process Engineering
ActiveSummary
GEA Process Engineering has been active since 1955 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €10.4m and a net result of -€796,458. Equity is shrinking by ~12% per year across the filed fiscal years. Its solvency ranks better than 9% of 316 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability18▼-36
Solvency31▼-1
Growth28▼-1
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €440,000 at 30 days only on tighter terms
Liquidity tight (current ratio 1.04 against 1.03 in 2023; short-term debt: 91.4% and cash: 21.5% of total assets), and 94.1% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€796,458
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 9% of 316 sector peers (2024).
NBB · sector comparisonPosition among 316 sector peers
Solvency
better than 9%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-06-2025, 41 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
41 d early
2023
15 d early
2022
13 d early
2021
12 d early
2020
22 d early
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 11 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
In the rankings
#2 employer in Flemish Brabant, Machinery and equipment sector#2 company by total assets in Flemish Brabant, Machinery and equipment sector#3 oldest company in Halle, Manufacturing sector
Turnover
€69.2m▼ 10.0%
2023 · €77.0m
EBIT margin
-3.4%▼ 1.8pp
2023 · -1.7%
Net result
-€796,458▼ 29.5%
2023 · -€615,191
Working capital
€6.4m▲ 24.6%
2023 · €5.1m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€87.4m▲ 17.0%€61.0m▼ 30.2%€66.6m▲ 9.2%€77.0m▲ 15.5%€69.2m▼ 10.0%
Operating result€138,620-€3.6m-€71,445▲ 98.0%-€1.3m▼ 1,726%-€2.4m▼ 82.8%
Net result-€298,618▲ 55.2%-€3.4m▼ 1,034%-€11,695▲ 99.7%-€615,191▼ 5,160%-€796,458▼ 29.5%
EBIT margin0.2%▲ 1.3pp-6.0%▼ 6.1pp-0.1%▲ 5.9pp-1.7%▼ 1.6pp-3.4%▼ 1.8pp
Equity€20.2m▼ 1.5%€11.8m▼ 41.5%€11.8m▼ 0.1%€11.2m▼ 5.2%€10.4m▼ 7.1%
Total assets€126.0m▼ 6.6%€128.1m▲ 1.7%€156.9m▲ 22.5%€168.7m▲ 7.5%€177.6m▲ 5.3%
Debt€103.4m▼ 7.8%€113.7m▲ 10.0%€142.6m▲ 25.4%€155.0m▲ 8.7%€162.2m▲ 4.7%
Working capital€13.0m▼ 3.3%€6.5m▼ 50.1%€6.7m▲ 3.3%€5.1m▼ 23.7%€6.4m▲ 24.6%
Staff (FTE)201.2▲ 3.3%217.9▲ 8.3%227.8▲ 4.5%237.5▲ 4.3%231.8▼ 2.4%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €2.4m in 2024 against €1.3m in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €177.6m
Fixed assets
€9.0m ▲ 3.8%
Current assets
€168.6m ▲ 5.4%
Equity and liabilities €177.6m
Equity
€10.4m ▼ 7.1%
Provisions
€4.9m ▲ 100%
Debt
€162.2m ▲ 4.7%
Debt's share of the balance-sheet total falls from 91.9% to 91.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€164,556▼
2023 · €1.0m
Cash flow
€1.4m▼
2023 · €1.7m
Current ratio
1.04▲
2023 · 1.03
Quick ratio
0.40▼
2023 · 0.44
Debt to equity
15.61▲
2023 · 13.85
ROE
-7.7%▼
2023 · -5.5%
ROA
-0.4%▼
2023 · -0.4%
Interest coverage
-4.71▼
2023 · 11.73
Debt ≤ 1 year
€162.2m▲
2023 · €154.9m
Income taxes
€47,392▼
2023 · €344,623
Staff costs
€28.3m▲
2023 · €27.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 138 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 96% are still going.
- Medium-sized
- 20 years or older
- solvency under 10%
- a small loss
2.2%
went bankrupt
1.4%
stopped otherwise
96%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 138 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €75.9m | €71.2m | €87.7m | €85.1m | €87.2m | ▲ 2.4% |
| Turnover70 | €87.4m | €61.0m | €66.6m | €77.0m | €69.2m | ▼ 10.0% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | -€18.2m | €3.9m | €13.2m | -€1.2m | €9.8m | ▲ 912% |
| Own construction capitalised72 | €1.4m | €618,287 | €1.6m | €2.0m | €2.0m | ▼ 3.1% |
| Other operating income74 | €4.9m | €5.7m | €6.2m | €7.3m | €6.2m | ▼ 15.8% |
| Non-recurring operating income76A | €470,500 | - | - | - | - | - |
| Operating charges60/66A | €75.8m | €74.9m | €87.8m | €86.5m | €89.5m | ▲ 3.6% |
| Goods for resale, raw materials and consumables60 | €34.0m | €30.6m | €41.0m | €34.3m | €31.8m | ▼ 7.3% |
| Purchases600/8 | - | - | €41.2m | €36.9m | €29.9m | ▼ 18.9% |
| Change in stocks: decrease (increase)609 | €1.5m | €517,764 | -€162,320 | -€2.5m | €1.9m | ▲ 176% |
| Services and other goods61 | €18.6m | €18.6m | €21.7m | €22.3m | €23.4m | ▲ 4.5% |
| Remuneration, social security and pensions62 | €19.6m | €22.8m | €23.0m | €27.5m | €28.3m | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2.1m | €2.6m | €2.2m | €2.3m | €2.2m | ▼ 3.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €607,782 | €20,358 | -€301,533 | -€96,198 | €1.1m | ▲ 1,224% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €666,824 | €173,174 | -€56,325 | -€70,845 | €2.8m | ▲ 4,009% |
| Other operating charges640/8 | €244,105 | €76,396 | €162,622 | €111,448 | €15,242 | ▼ 86.3% |
| Non-recurring operating charges66A | - | - | - | €75,000 | - | - |
| Operating profit (loss)9901 | €138,620 | -€3.6m | -€71,445 | -€1.3m | -€2.4m | ▼ 82.8% |
| Financial income75/76B | - | - | €280,105 | €1.3m | €1.8m | ▲ 41.4% |
| Recurring financial income75 | €89,982 | €235,426 | €280,105 | €1.3m | €1.8m | ▲ 41.4% |
| Income from financial fixed assets750 | - | - | - | €0 | - | - |
| Income from current assets751 | - | - | - | €958,561 | €1.4m | ▲ 44.6% |
| Other financial income752/9 | €89,982 | €235,426 | €280,105 | €297,105 | €389,373 | ▲ 31.1% |
| Financial charges65/66B | €164,220 | €145,923 | €180,727 | €221,607 | €139,390 | ▼ 37.1% |
| Recurring financial charges65 | €164,220 | €145,923 | €180,727 | €221,607 | €139,390 | ▼ 37.1% |
| Debt charges650 | €85,641 | €38,962 | €77,262 | €85,291 | €34,903 | ▼ 59.1% |
| Other financial charges652/9 | €78,579 | €106,961 | €103,466 | €136,316 | €104,487 | ▼ 23.3% |
| Profit (loss) for the period before taxes9903 | €64,382 | -€3.5m | €27,933 | -€270,568 | -€749,065 | ▼ 177% |
| Income taxes67/77 | €363,000 | -€163,309 | €39,628 | €344,623 | €47,392 | ▼ 86.2% |
| Taxes670/3 | €364,118 | - | €39,628 | €344,623 | €47,392 | ▼ 86.2% |
| Tax adjustments and reversals of tax provisions77 | €1,118 | €163,309 | - | - | - | - |
| Profit (loss) for the period9904 | -€298,618 | -€3.4m | -€11,695 | -€615,191 | -€796,458 | ▼ 29.5% |
| Profit (loss) for the period to be appropriated9905 | -€298,618 | -€3.4m | -€11,695 | -€615,191 | -€796,458 | ▼ 29.5% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €126.0m | €128.1m | €156.9m | €168.7m | €177.6m | ▲ 5.3% |
| Fixed assets21/28 | €9.9m | €8.0m | €7.8m | €8.6m | €9.0m | ▲ 3.8% |
| Intangible fixed assets21 | €4.1m | €3.1m | €3.2m | €3.1m | €1.8m | ▼ 42.0% |
| Tangible fixed assets22/27 | €5.7m | €4.9m | €4.5m | €5.5m | €7.2m | ▲ 29.3% |
| Land and buildings22 | €2.9m | €2.7m | €2.7m | €2.5m | €2.3m | ▼ 8.9% |
| Plant, machinery and equipment23 | €2.4m | €1.8m | €1.5m | €1.2m | €1.3m | ▲ 10.9% |
| Furniture and vehicles24 | €272,652 | €197,893 | €227,129 | €515,828 | €560,365 | ▲ 8.6% |
| Other tangible fixed assets26 | €150,934 | €96,742 | €105,907 | €229,231 | €388,062 | ▲ 69.3% |
| Assets under construction and advance payments27 | - | - | €10,093 | €1.1m | €2.6m | ▲ 140% |
| Financial fixed assets28 | €2,210 | €26,160 | €24,653 | €17,903 | €8,603 | ▼ 51.9% |
| Other financial fixed assets284/8 | €2,210 | €26,160 | €24,653 | €17,903 | €8,603 | ▼ 51.9% |
| Amounts receivable and cash guarantees285/8 | €2,210 | €26,160 | €24,653 | €17,903 | €8,603 | ▼ 51.9% |
| Current assets29/58 | €116.1m | €120.1m | €149.1m | €160.0m | €168.6m | ▲ 5.4% |
| Amounts receivable after more than one year29 | - | - | - | - | €6,106 | - |
| Trade receivables290 | - | - | - | - | €6,106 | - |
| Stocks and contracts in progress3 | €74.7m | €77.7m | €91.1m | €92.4m | €104.3m | ▲ 13.0% |
| Stocks30/36 | €5.2m | €4.5m | €4.7m | €7.2m | €8.7m | ▲ 20.7% |
| Raw materials and consumables30/31 | €5.0m | €4.2m | €4.4m | €7.0m | €8.4m | ▲ 19.5% |
| Goods purchased for resale34 | €163,247 | €306,556 | €283,675 | €201,282 | €321,972 | ▲ 60.0% |
| Contracts in progress37 | €69.5m | €73.1m | €86.4m | €85.2m | €95.6m | ▲ 12.3% |
| Amounts receivable within one year40/41 | €22.5m | €18.1m | €31.9m | €35.2m | €23.2m | ▼ 34.2% |
| Trade receivables40 | €19.3m | €15.1m | €29.3m | €32.8m | €22.7m | ▼ 30.6% |
| Other amounts receivable41 | €3.2m | €3.0m | €2.6m | €2.5m | €441,625 | ▼ 82.1% |
| Cash at bank and in hand54/58 | €18.4m | €23.6m | €25.3m | €31.6m | €38.1m | ▲ 20.6% |
| Deferred charges and accrued income490/1 | €564,227 | €769,564 | €826,538 | €790,622 | €3.0m | ▲ 274% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €126.0m | €128.1m | €156.9m | €168.7m | €177.6m | ▲ 5.3% |
| Equity10/15 | €20.2m | €11.8m | €11.8m | €11.2m | €10.4m | ▼ 7.1% |
| Contributions10/11 | €9.7m | €9.7m | €9.7m | €9.7m | €9.7m | = |
| Capital10 | €9.7m | €9.7m | €9.7m | €9.7m | €9.7m | = |
| Issued capital100 | €9.7m | €9.7m | €9.7m | €9.7m | €9.7m | = |
| Reserves13 | €10.5m | €2.1m | €2.1m | €1.5m | €1.5m | = |
| Non-distributable reserves130/1 | €970,901 | €970,901 | €970,901 | €970,901 | €970,901 | = |
| Legal reserve130 | €970,901 | €970,901 | €970,901 | €970,901 | €970,901 | = |
| Tax-exempt reserves132 | €84,781 | €84,781 | €84,781 | €84,781 | €84,781 | = |
| Distributable reserves133 | €9.4m | €1.1m | €1.0m | €428,361 | €428,361 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€796,458 | - |
| Provisions and deferred taxes16 | €2.4m | €2.6m | €2.5m | €2.5m | €4.9m | ▲ 100% |
| Provisions for liabilities and charges160/5 | €2.4m | €2.6m | €2.5m | €2.5m | €4.9m | ▲ 100% |
| Pensions and similar obligations160 | €51,058 | €31,642 | €29,447 | - | - | - |
| Other liabilities and charges164/5 | €2.4m | €2.6m | €2.5m | €2.5m | €4.9m | ▲ 100% |
| Amounts payable17/49 | €103.4m | €113.7m | €142.6m | €155.0m | €162.2m | ▲ 4.7% |
| Amounts payable within one year42/48 | €103.1m | €113.6m | €142.4m | €154.9m | €162.2m | ▲ 4.7% |
| Trade debts44 | €7.8m | €10.2m | €19.3m | €17.0m | €29.3m | ▲ 71.9% |
| Suppliers440/4 | €7.8m | €10.2m | €19.3m | €17.0m | €29.3m | ▲ 71.9% |
| Advances received on contracts in progress46 | €90.5m | €97.7m | €117.6m | €131.4m | €127.5m | ▼ 3.0% |
| Taxes, remuneration and social security45 | €4.8m | €5.7m | €5.5m | €6.4m | €5.5m | ▼ 15.0% |
| Taxes450/3 | €489,086 | €80,288 | €111,032 | €1.2m | - | - |
| Remuneration and social security454/9 | €4.3m | €5.6m | €5.4m | €5.3m | €5.5m | ▲ 3.9% |
| Other amounts payable47/48 | €415 | €415 | €415 | €415 | - | - |
| Accrued charges and deferred income492/3 | €258,782 | €126,730 | €155,775 | €90,291 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€298,618 | -€3.4m | -€11,695 | -€615,191 | -€796,458 | ▼ 29.5% |
| + Depreciation and write-downs630 | €2.1m | €2.6m | €2.2m | €2.3m | €2.2m | ▼ 3.7% |
| Operating cash flow (approximation) | €1.8m | -€789,748 | €2.2m | €1.7m | €1.4m | ▼ 15.7% |
| Investment in fixed assets (approximation) | - | -€775,296 | -€2.0m | -€3.1m | -€2.5m | ▲ 19.0% |
| Change in cash | - | €5.2m | €1.7m | €6.3m | €6.5m | ▲ 2.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet -€3.4m
Net result drops to -€3.4m, the lowest in the series; recovery starts the following year.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 21 days late
2019
22-05
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
27-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 27 acts read
About the unread acts
We know of 27 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
27 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Halle · 4 establishment units since 1955
Ground area
3.8 ha
Building footprint
1.7 ha
Volume, LiDAR
44,738 m³
4 parcels, Flanders · tallest building 17.7 m, ±2 floors. Linked by address, not a title deed.
4 establishment units
Bergensesteenweg 186, 1500 Halle
since 19552.002.913.705
GEA PROCESS ENGINEERING BELGIUM
since 20102.193.896.114
GEA PROCESS ENGINEERING BELGIUM
since 20102.193.896.411
GEA Process Engineering NV
since 20262.389.315.975
4 parcels
Flanders
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11052C0081/00K000 | Flanders | 1.2 ha | 1 · 4,642 m² | 11.8 m · 2 fl. |
| 11024G0019/00R002 | Flanders | 1.0 ha | 1 · 5,847 m² | 17.7 m |
| 23027E0079/00Z002 | Flanders | 8,953 m² | 1 · 3,294 m² | - |
| 11052D0043/00H002 | Flanders | 6,037 m² | 1 · 2,984 m² | 11.4 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
GEA Group Aktiengesellschaft
4 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- GEA Group AktiengesellschaftDE
- GEA Process Engineering
Highest known parent: GEA Group Aktiengesellschaft (Germany). The sources do not say who stands above it.
Owners 1
- GEA Group AktiengesellschaftDEparentSourceLEI registerconsolidated
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 7 entries · 106,584 EUR awarded · 106,584 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 9,173 EUR | 9,173 EUR |
| 2024 | 2 | 20,793 EUR | 20,793 EUR |
| 2023 | 2 | 42,581 EUR | 42,581 EUR |
| 2022 | 1 | 34,037 EUR | 34,037 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
529900AHYANDF4VN4615
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Of 211 companies in sector 28299 we hold annual accounts for 154. 51 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-12-1955
Fiscal year end31-12
Activities, NACEBEL 2025
28299Manufacture of machinery and equipment not elsewhere classified
28930Manufacture of machinery and equipment not elsewhere classified
E-invoicing
Reachable via Peppol
Peppol ID
0208:0400888924
Registered
12-01-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.