INDUMA
ActiveSummary
INDUMA has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of €125,784. Equity is growing by ~9.6% per year across the filed fiscal years. Its solvency ranks better than 92% of 413 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-4
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €220,000 at 30 days acceptable
Liquidity ample (current ratio 9.48 against 8.54 in 2024; short-term debt: 5.8% and cash: 17.9% of total assets), and 12.2% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
87.8%
Return on assets
4.2%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-03-2026, 148 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
148 d early
2024
162 d early
2023
14 d early
2022
60 d early
2021
25 d early
2020
11 d early
2019
37 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 65 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 (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 1 June (4 of the last 5 filed years within 88 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€2.6m▼ 2.3%
2024 · €2.7m
Total assets
€3.0m▼ 4.9%
2024 · €3.1m
Net result
€125,784▼ 42.7%
2024 · €219,528
Working capital
€1.5m▼ 3.5%
2024 · €1.5m
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€475,022▲ 24.5%€304,377▼ 35.9%€340,971▲ 12.0%€293,953▼ 13.8%€163,020▼ 44.5%
Net result€367,617above the sector's middle half▲ 39.9%€213,224within the sector's middle half▼ 42.0%€242,805within the sector's middle half▲ 13.9%€219,528within the sector's middle half▼ 9.6%€125,784within the sector's middle half▼ 42.7%
Equity€2.2mabove the sector's middle half▲ 20.2%€2.4mabove the sector's middle half▲ 9.7%€2.6mabove the sector's middle half▲ 10.1%€2.7mabove the sector's middle half▲ 1.3%€2.6mabove the sector's middle half▼ 2.3%
Total assets€2.9mwithin the sector's middle half▲ 48.7%€3.0mwithin the sector's middle half▲ 3.1%€3.2mwithin the sector's middle half▲ 6.0%€3.1mwithin the sector's middle half▼ 0.9%€3.0mwithin the sector's middle half▼ 4.9%
Debt€702,778▲ 472%€579,612▼ 17.5%€516,638▼ 10.9%€453,924▼ 12.1%€362,371▼ 20.2%
Working capital€1.1mabove the sector's middle half▼ 0.7%€1.3mabove the sector's middle half▲ 17.8%€1.6mabove the sector's middle half▲ 18.7%€1.5mabove the sector's middle half▼ 2.7%€1.5mabove the sector's middle half▼ 3.5%
Solvency75.7%above the sector's middle half▼ 18.0pp80.6%above the sector's middle half▲ 4.9pp83.7%above the sector's middle half▲ 3.1pp85.5%above the sector's middle half▲ 1.8pp87.8%above the sector's middle half▲ 2.3pp
Current ratio5.25above the sector's middle half▼ 4.957.46above the sector's middle half▲ 2.228.69above the sector's middle half▲ 1.228.54above the sector's middle half▼ 0.159.48above the sector's middle half▲ 0.94
Return on assets (ROA)12.7%above the sector's middle half▼ 0.8pp7.1%within the sector's middle half▼ 5.6pp7.7%within the sector's middle half▲ 0.5pp7.0%within the sector's middle half▼ 0.7pp4.2%within the sector's middle half▼ 2.8pp
Staff (FTE)1.3below the sector's middle half▼ 35.0%2.1below the sector's middle half▲ 61.5%2within the sector's middle half▼ 4.8%3within the sector's middle half▲ 50.0%3.3within the sector's middle half▲ 10.0%
above
within
below
the middle half (P25 to P75) of NACE 28, Manufacture of machinery and equipment not elsewhere classified, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 45% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€1.3m ▼ 5.0%
Current assets
€1.6m ▼ 4.7%
Equity and liabilities €3.0m
Equity
€2.6m ▼ 2.3%
Debt
€362,371 ▼ 20.2%
Debt's share of the balance-sheet total falls from 14.5% to 12.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€237,380▼
2024 · €361,409
Cash flow
€200,143▼
2024 · €286,984
Quick ratio
7.56▲
2024 · 6.94
Debt to equity
0.14▼
2024 · 0.17
ROE
4.8%▼
2024 · 8.2%
Interest coverage
57.62▼
2024 · 82.76
Debt ≤ 1 year
€173,799▼
2024 · €202,452
Debt > 1 year
€187,500▼
2024 · €250,000
Income taxes
€62,190▼
2024 · €97,178
Staff costs
€205,839▲
2024 · €152,301
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 17,040 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €4,000 | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €62,222 | €117,333 | €110,464 | €152,301 | €205,839 | ▲ 35.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €47,047 | €67,067 | €66,499 | €67,456 | €74,359 | ▲ 10.2% |
| Other operating charges640/8 | €13,248 | €13,588 | €14,771 | €15,029 | €15,901 | ▲ 5.8% |
| Gross operating margin9900 | €597,538 | €502,364 | €532,705 | €528,740 | €459,119 | ▼ 13.2% |
| Operating profit (loss)9901 | €475,022 | €304,377 | €340,971 | €293,953 | €163,020 | ▼ 44.5% |
| Financial income75/76B | €11,443 | €10,799 | €16,992 | €27,120 | €29,072 | ▲ 7.2% |
| Recurring financial income75 | €11,443 | €10,799 | €16,992 | €27,120 | €29,072 | ▲ 7.2% |
| Financial charges65/66B | €1,249 | €5,069 | €4,998 | €4,367 | €4,119 | ▼ 5.7% |
| Recurring financial charges65 | €1,249 | €5,069 | €4,998 | €4,367 | €4,119 | ▼ 5.7% |
| Profit (loss) for the period before taxes9903 | €485,216 | €310,106 | €352,965 | €316,705 | €187,973 | ▼ 40.6% |
| Income taxes67/77 | €117,599 | €96,882 | €110,160 | €97,178 | €62,190 | ▼ 36.0% |
| Profit (loss) for the period9904 | €367,617 | €213,224 | €242,805 | €219,528 | €125,784 | ▼ 42.7% |
| Transfer from tax-exempt reserves789 | €15,000 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €382,617 | €213,224 | €242,805 | €219,528 | €125,784 | ▼ 42.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.9m | €3.0m | €3.2m | €3.1m | €3.0m | ▼ 4.9% |
| Fixed assets21/28 | €1.5m | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 5.0% |
| Tangible fixed assets22/27 | €1.5m | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 5.0% |
| Land and buildings22 | €1.4m | €1.3m | €1.3m | €1.3m | €1.2m | ▼ 4.0% |
| Plant, machinery and equipment23 | €9,805 | €7,682 | €5,621 | €3,559 | €1,497 | ▼ 57.9% |
| Furniture and vehicles24 | €57,826 | €55,236 | €40,705 | €26,187 | €11,715 | ▼ 55.3% |
| Other tangible fixed assets26 | €87,285 | €85,184 | €83,083 | €80,982 | €78,881 | ▼ 2.6% |
| Current assets29/58 | €1.4m | €1.5m | €1.8m | €1.7m | €1.6m | ▼ 4.7% |
| Amounts receivable after more than one year29 | €275,000 | €275,000 | €275,000 | €125,000 | €0 | ▼ 100% |
| Other amounts receivable291 | €275,000 | €275,000 | €275,000 | €125,000 | €0 | ▼ 100% |
| Stocks and contracts in progress3 | €537,300 | €567,500 | €408,101 | €324,054 | €332,747 | ▲ 2.7% |
| Stocks30/36 | €537,300 | €567,500 | €408,101 | €324,054 | €332,747 | ▲ 2.7% |
| Amounts receivable within one year40/41 | €278,620 | €127,963 | €135,674 | €107,479 | €93,460 | ▼ 13.0% |
| Trade receivables40 | €149,419 | €127,963 | €130,157 | €94,451 | €92,705 | ▼ 1.8% |
| Other amounts receivable41 | €129,201 | €0 | €5,516 | €13,028 | €755 | ▼ 94.2% |
| Current investments50/53 | - | €200,000 | €200,000 | €950,000 | €675,000 | ▼ 28.9% |
| Cash at bank and in hand54/58 | €285,758 | €349,925 | €748,202 | €213,650 | €532,391 | ▲ 149% |
| Deferred charges and accrued income490/1 | €9,628 | €6,516 | €6,257 | €8,999 | €13,798 | ▲ 53.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.9m | €3.0m | €3.2m | €3.1m | €3.0m | ▼ 4.9% |
| Equity10/15 | €2.2m | €2.4m | €2.6m | €2.7m | €2.6m | ▼ 2.3% |
| Contributions10/11 | €40,000 | €40,000 | €40,000 | €40,000 | €40,000 | = |
| Reserves13 | €2.1m | €2.3m | €2.6m | €2.6m | €2.5m | ▼ 2.3% |
| Non-distributable reserves130/1 | €4,000 | €4,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €4,000 | €4,000 | €0 | - | - | - |
| Distributable reserves133 | €2.1m | €2.3m | €2.6m | €2.6m | €2.5m | ▼ 2.3% |
| Profit (loss) carried forward14 | €34,436 | €34,436 | €34,436 | €34,436 | €34,436 | = |
| Amounts payable17/49 | €702,778 | €579,612 | €516,638 | €453,924 | €362,371 | ▼ 20.2% |
| Amounts payable after more than one year17 | €437,500 | €375,000 | €312,500 | €250,000 | €187,500 | ▼ 25.0% |
| Financial debts170/4 | €437,500 | €375,000 | €312,500 | €250,000 | €187,500 | ▼ 25.0% |
| Amounts payable within one year42/48 | €264,203 | €204,597 | €204,138 | €202,452 | €173,799 | ▼ 14.2% |
| Current portion of amounts payable after more than one year42 | €62,500 | €62,500 | €62,500 | €62,500 | €62,500 | = |
| Trade debts44 | €131,042 | €54,968 | €54,655 | €51,264 | €61,309 | ▲ 19.6% |
| Suppliers440/4 | €131,042 | €54,968 | €54,655 | €51,264 | €61,309 | ▲ 19.6% |
| Taxes, remuneration and social security45 | €67,023 | €86,196 | €85,658 | €81,968 | €47,615 | ▼ 41.9% |
| Taxes450/3 | €65,729 | €79,630 | €73,942 | €65,634 | €18,641 | ▼ 71.6% |
| Remuneration and social security454/9 | €1,294 | €6,566 | €11,716 | €16,334 | €28,974 | ▲ 77.4% |
| Other amounts payable47/48 | €3,638 | €933 | €1,325 | €6,721 | €2,375 | ▼ 64.7% |
| Accrued charges and deferred income492/3 | €1,074 | €15 | €0 | €1,472 | €1,072 | ▼ 27.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €367,617 | €213,224 | €242,805 | €219,528 | €125,784 | ▼ 42.7% |
| + Depreciation and write-downs630 | €47,047 | €67,067 | €66,499 | €67,456 | €74,359 | ▲ 10.2% |
| Operating cash flow (approximation) | €414,664 | €280,291 | €309,304 | €286,984 | €200,143 | ▼ 30.3% |
| Investment in fixed assets (approximation) | - | -€16,528 | €0 | -€81,983 | -€4,032 | ▲ 95.1% |
| Change in cash | - | €64,167 | €398,277 | -€534,552 | €318,741 | ▲ 160% |
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
Next filing, fiscal year 2026, expected by
2026
05-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €125,784 ▼42.7%
Net result drops to €125,784, the lowest in the series.
19-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
01-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €367,617 ▲39.9%
Operating result €475,022, net result €367,617, both a record.
31-12
Financial
Equity above €2mEq €2.2m ▲20.2%
4 profitable years in a row build equity to €2.2m.
20-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Liquidity quadruplescurrent ratio 5.82
Current ratio from 1.49 to 5.82; short-term debt falls from €769,550 to €130,061.
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 20 days late
2017
06-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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
No directors read yet: 0 of 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 1995
Ground area
6,726 m²
Building footprint
3,466 m²
Volume, LiDAR
21,047 m³
2 parcels, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
INDUMA
since 19952.073.203.962
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 33302A0153/00R000 | Flanders | 4,117 m² | 1 · 2,271 m² | 8.2 m · 2 fl. |
| 33302A0121/00T002 | Flanders | 2,609 m² | 1 · 1,195 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Subsidies and aid
Flemish government
2024 to 2025 · 2 entries · 3,925 EUR awarded · 3,925 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 260 EUR | 260 EUR |
| 2024 | 1 | 3,665 EUR | 3,665 EUR |
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Of 262 companies in this sector we hold annual accounts for 196. 137 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded12-09-1995
Fiscal year end31-12
Activities, NACEBEL 2025
28300Manufacture of machinery and equipment not elsewhere classified
47525Retail trade
33120Repair and maintenance of machinery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455887825
Also
9925:BE0455887825
Registered
17-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.