Active BE 0825.431.297Public limited company

GLOBAL PROCESS AUTOMATION INDUSTRY

Rue des Foudriers(GHI) 28 ·7822 Ath, Belgium· 16 yrs active

Sector: Installation of industrial machinery and equipment (33200)

Conclusion Checked

GLOBAL PROCESS AUTOMATION INDUSTRY has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.56M and a net result of €453k. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 40% of 1360 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€2.56M
Net result	€453k
Staff (FTE)	28.9
Better than sector	40%

Financial profile 5 of 5 axes measured · computed by Checked

80 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 78

Profitability 88

Solvency 54

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.8% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Established

Founded in 2010, 16 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

78 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€200k

estimate, not credit advice

Score history

71 2021

66 2022

66 2023

66 2024

78 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.53 (≥ 1.5) +10

Profitability ROE 18% (≥ 10%) +10

Interest coverage Interest coverage 27.0× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview15 NBB filings

Annual accounts filed on 08-07-2026 with the NBB · fiscal year 2025 · full schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~21.6%/year over 5 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2025 · NACE 62, Computer programming, consultancy and related activities · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	27.1%	38.6%	better than 40% of 1360 sector peers
Net result	€453k	€34k	better than 83% of 1360 sector peers
Equity	€2.56M	€371k	better than 81% of 1360 sector peers
Gross operating margin	€3.35M	€244k	better than 95% of 1055 sector peers
Staff costs	€2.45M	€790k	higher than 76% of 1009 sector peers

EBITDA

€769k

-26.6% 21-25

Net profit

€453k

-28.4% 21-25

Cash flow

€570k

-22.3% 21-25

Total assets

€9.46M

-9.1% 21-25

Equity

€2.56M

+16.5% 21-25

Working capital

€2.89M

+5.4% 21-25

Employees (FTE)

29

-2.0% 21-25

Staff costs

€2.45M

+9.8% 21-25

Income taxes

€175k

-32.2% 21-25

Dividends

€91k

-44.9% 21-25

Debt

€6.85M

-15.9% 21-25

Debt ≤ 1y

€5.43M

-20.1% 21-25

Debt > 1y

€695k

+16.0% 21-25

Current ratio

1.53

+9.2% 21-25

Quick ratio

0.60

+24.4% 21-25

Solvency

27.1%

+28.1% 21-25

Debt / equity

2.67

-27.8% 21-25

ROE

17.7%

-38.5% 21-25

ROA

4.8%

-21.3% 21-25

Interest coverage

27.03

+48.5% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	full schema	full schema	full schema	full schema	full schema
Revenue	-	-	-	-	-
EBITDA	€769k	€1.05M	€877k	€452k	€187k
Net profit	€453k	€633k	€527k	€227k	€16k
Cash flow	€570k	€734k	€639k	€343k	€139k
Staff costs	€2.45M	€2.23M	€1.96M	€1.60M	€1.39M
Income taxes	€175k	€258k	€199k	€86k	€29k
Dividends	€91k	€165k	€150k	€100k	-
Total assets	€9.46M	€10.40M	€9.77M	€6.85M	€4.01M
Equity	€2.56M	€2.20M	€1.73M	€1.35M	€1.23M
Debt	€6.85M	€8.15M	€7.99M	€5.46M	€2.75M
of which ≤ 1y	€5.43M	€6.79M	€6.33M	€4.57M	€1.93M
of which > 1y	€695k	€600k	€906k	€885k	€825k
Working capital	€2.89M	€2.74M	€2.52M	€1.26M	€1.01M
Employees (FTE)	28.9	29.5	28.1	24.9	22.3

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	1.53	1.40	1.40	1.27	1.52
Quick ratio	0.60	0.49	0.47	0.39	0.88
Working capital ratio	30.5%	26.3%	25.8%	18.3%	25.2%
Solvency	27.1%	21.1%	17.7%	19.8%	30.6%
Debt / equity	2.67	3.70	4.61	4.03	2.24
Long-term debt ratio	0.27	0.27	0.52	0.65	0.67
Interest coverage	27.03	18.20	19.71	15.50	7.99
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	4.8%	6.1%	5.4%	3.3%	0.4%
ROE	17.7%	28.8%	30.4%	16.8%	1.3%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €1.14M · 12.1% Current assets €8.31M · 87.9%

Equity & liabilities

Equity €2.56M · 27.1% Provisions €45k · 0.5% Debt €6.85M · 72.4%

Full annual accounts (28 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€9.46M	€10.40M	€9.77M	€6.85M	€4.01M
Fixed assets	21/28	€1.14M	€870k	€924k	€1.02M	€1.07M
Intangible fixed assets	21	€70k	-	-	-	-
Tangible fixed assets	22/27	€1.07M	€869k	€922k	€1.02M	€1.07M
Financial fixed assets	28	€698	€1k	€1k	€498	€498
Current assets	29/58	€8.31M	€9.53M	€8.85M	€5.83M	€2.94M
Stocks & contracts in progress	3	€5.03M	€6.23M	€5.85M	€4.07M	€1.23M
Amounts receivable within one year	40/41	€3.11M	€2.65M	€2.89M	€1.56M	€697k
Investments	50/53	€174	€174	€174	€174	€174
Cash & bank	54/58	€150k	€629k	€93k	€194k	€1,000k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€9.46M	€10.40M	€9.77M	€6.85M	€4.01M
Equity	10/15	€2.56M	€2.20M	€1.73M	€1.35M	€1.23M
Contributions / capital	10/11	€750k	€750k	€750k	€750k	€750k
Reserves	13	€305k	€305k	€305k	€302k	€281k
Accumulated profits (losses)	14	€1.51M	€1.14M	€676k	€302k	€196k
Provisions & deferred taxes	16	€45k	€56k	€52k	€36k	€27k
Amounts payable	17/49	€6.85M	€8.15M	€7.99M	€5.46M	€2.75M
Amounts payable after one year	17	€695k	€600k	€906k	€885k	€825k
Amounts payable within one year	42/48	€5.43M	€6.79M	€6.33M	€4.57M	€1.93M
Trade debts payable within one year	44	€568k	€1.11M	€1.34M	€870k	€508k
Income statement
Gross operating margin	9900	€3.35M	€3.38M	€2.87M	€2.07M	€1.60M
Operating result	9901	€652k	€946k	€764k	€336k	€64k
Financial income	75	€5k	€3k	€7k	€6k	€4k
Financial charges	65	€28k	€58k	€44k	€29k	€23k
Result before taxes	9903	€628k	€891k	€726k	€313k	€45k
Income taxes	67/77	€175k	€258k	€199k	€86k	€29k
Net result for the period	9904	€453k	€633k	€527k	€227k	€16k
Result to be appropriated	9905	€453k	€633k	€569k	€227k	€140k

Directors & mandates 6 directors

Current directors & mandates

De Bom Van Driessche
Director (executive)
State Gazette act 25105087 (19-08-2025)

Current
19-08-2025 → present
Emmanuel Croonenberghs
Director (executive)
State Gazette act 25105087 (19-08-2025)

Current
19-08-2025 → present
Jean-Paul Tavernier
Director (executive)
State Gazette act 25105087 (19-08-2025)

Current
19-08-2025 → present
Pierre leven
Director (executive)
State Gazette act 25105087 (19-08-2025)

Current
19-08-2025 → present
Ralph Delhove
Director (executive)
State Gazette act 25105087 (19-08-2025)

Current
19-08-2025 → present
Horizon Holding SRLLegal entity
Director· perm. rep.: Marie-Cécite Croonenberghs
State Gazette act 24181475 (30-12-2024)

Current
30-12-2024 → present
2 events
- 30-12-2024 Appointed· Director
- 30-12-2024 Appointed· Chair

Legal Structure

NACE primary	Installation of industrial machinery and equipment(33200)
Legal form	Public limited company(014)
Incorporation	28-04-2010
Status	Active
Postal code	7822

Establishment units 3 locations

Rue des Foudriers(GHI) 28, 7822 Ath

Other education

since 20112.242.848.549

GPAI

Rue du Progrès 12B, 5300 AndenneLimited-service restaurants, excluding mobile food services

since 20262.386.758.937

GPAI

Rue du Progrès 12C, 5300 AndenneInstallation of industrial machinery and equipment

since 20262.386.759.036

Real-estate footprint Source: CBE × cadastre

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
51024A0437/00D000	Wallonia	2.6 ha	1 · 20 m²	-
92410C0005/00V000	Wallonia	2,649 m²	-	-

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 12 events

All 14Financial 2Gazette 2Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

08-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

2025

19-08

State Gazette act Director changes

13-06

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Highest result since 2021net €633k ▲20.1%

Operating result €946k, net result €633k, both a record.

31-12

Financial Equity above €2MEq €2.20M ▲27.1%

4 profitable years in a row build equity to €2.20M.

30-12

State Gazette act Director changes

01-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

30-08

NBB filing Annual accounts filed

fiscal year 2022 · full schema · 30 days late

2022

27-07

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

23-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

28-10

NBB filing Annual accounts filed

fiscal year 2019 · full schema · 89 days late

2019

31-08

NBB filing Annual accounts filed

fiscal year 2018 · full schema · 31 days late

2018

10-07

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

17-05

NBB filing Annual accounts filed

fiscal year 2016 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 19 acts read

We know of 19 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 2 acts

All acts · 2 updated 1 year ago

2025

19-08-2025 5 directors appointed Director changes

Emmanuel Croonenberghs, Directeur
Pierre leven, Directeur
De Bom Van Driessche, Directeur
Jean-Paul Tavernier, Directeur
Ralph Delhove, Directeur

Original publication ↗

Technical details

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2024

30-12-2024 2 directors appointed Director changes

Marie-Cécite Croonenberghs, Bestuurder
Marie-Cécile Croonenberghs, Voorzitter

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Installation of industrial machinery and equipment33200Other information technology and computer services62900General electrical installation work43211Electrical installation work in industrial facilities43212Computer programming, consultancy and related activities62010IT consultancy62020Computer programming, consultancy and related activities62030Computer programming62100Computer consultancy and computer facilities management62200

Names & trade names

Legal nameFR	GLOBAL PROCESS AUTOMATION INDUSTRY
AbbreviationFR	GPAI

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