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INDUMAT

Active
Public limited companyfounded 1992active for 34 yearsDrootbeekstraat 42-44, 1020 Brussel, BelgiumKBO/BCE: BE 0446.842.673
Summary

INDUMAT has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €245,076 and a net result of €32,160. Equity has been growing by about 4.1% per year since 2018. Its solvency ranks better than 52% of 6,167 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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INDUMATActiveChecked score 91/100
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Overview

Overview

Official details

Source: KBO
Status
Active since 31-03-1992 Normal situation
Activity
Wholesale of other machinery and equipment NACE 46649
Establishment unit
2.102.851.419 1020 Brussel, since 15-04-1992
Financial year end
31 December
Peppol
Reachable
Company details

Board and ownership

Board
  • Rosseel Andre GeorgesDirector · since 07-04-1992
  • Rosseel AlineDirector · since 01-07-2012
  • Rosseel GiliamDirector · since 04-09-2015
Board & ownership

Financial position

91 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€222,543
▼ 2.7%
Turnover
≈ €1.1m
estimated
Profit
€32,160
▲ 138%
Equity
€245,076
▲ 15.1%
Total assets
€520,564
▼ 3.7%
Employees on 31-12-2025
3
=
Filed on 29-05-2026, 63 days before the deadline
Financials
Score breakdownraises riskSize: 2.5 FTE, total assets €520,564lowers riskFounded in 1992Figures for financial year 2025 (filed on 27-05-2026)Legal form: public limited companyShow the evidence

Checked score

Score 2025
91 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 49% of micro companies in wholesale trade (NACE 46)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Average
Solvency 72+8
equity 47.1% of total assets
Liquidity 36+5
short-term debt 52.9% · cash 10.2%
Profitability 48+12
return on assets 6.2%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,899 companies, NACE 46, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.1%▼ -0.1 percentage points vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.2%▲ +0.1 percentage points vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026highest value 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.1%▼ -0.1 percentage points vs 05-2026lowest value 07-2026: 0.1%● unchanged vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €22,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.82 (1.63 in 2024), above the usual 1.5. Short-term debt is 52.9% and cash 10.2% of total assets. However, 52.9% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, micro). It does better than 55% of them on solvency, 33% on liquidity, 37% on profitability and 71% on growth.

The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1992
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 27-05-2026)
NBB · annual accounts
raises risk · Size: 2.5 FTE, total assets €520,564
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
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 29-05-2026, 63 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
63 days early
2024
86 days early
2023
98 days early
2022
31 days early
2021
38 days early
2020
1 day early
2019
7 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 44 days before the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 May (4 of the last 5 accounts filed within 32 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, full format

Annual accounts 2025 filed on 29-05-2026 PDF all 33 filings

Turnover
≈ €1.1m
Estimated: probably between €570,000 and €2.0m
EBIT margin
Not included in this filing
Net result
€32,160▲ 138%
2024 · €13,516
Working capital
€225,201▲ 14.2%
2024 · €197,233
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result for 2025 is 10% higher than in 2024 and the highest since 2021. It is the second rise in a row, after the fall in 2023.

Operating result€73,337 2025 Net result€32,160 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€19,013-€52,565▲ 176%€54,975▲ 4.6%€42,600▼ 22.5%€53,247▲ 25.0%€44,271▼ 16.9%€66,762▲ 50.8%€73,337▲ 9.8%
Net result€7,057-€8,161▲ 15.6%€18,703within the sector's middle half▲ 129%€399below the sector's middle half▼ 97.9%€4,900within the sector's middle half▲ 12×€2,550below the sector's middle half▼ 48.0%€13,516within the sector's middle half▲ 430%€32,160within the sector's middle half▲ 138%
Equity€164,687-€172,848▲ 5.0%€191,551within the sector's middle half▲ 10.8%€191,950below the sector's middle half▲ 0.2%€196,849above the sector's middle half▲ 2.6%€199,399below the sector's middle half▲ 1.3%€212,915within the sector's middle half▲ 6.8%€245,076below the sector's middle half▲ 15.1%
Total assets€858,440-€832,334▼ 3.0%€780,734within the sector's middle half▼ 6.2%€763,836below the sector's middle half▼ 2.2%€792,377above the sector's middle half▲ 3.7%€688,070below the sector's middle half▼ 13.2%€540,597below the sector's middle half▼ 21.4%€520,564below the sector's middle half▼ 3.7%
Debt€693,753-€659,487▼ 4.9%€589,183▼ 10.7%€571,886▼ 2.9%€595,527▲ 4.1%€488,670▼ 17.9%€327,681▼ 32.9%€275,489▼ 15.9%
Working capital€99,968-€126,662▲ 26.7%€124,308within the sector's middle half▼ 1.9%€116,843within the sector's middle half▼ 6.0%€149,583above the sector's middle half▲ 28.0%€163,887within the sector's middle half▲ 9.6%€197,233within the sector's middle half▲ 20.3%€225,201within the sector's middle half▲ 14.2%
Solvency19.2%-20.8%▲ 1.6pp24.5%within the sector's middle half▲ 3.8pp25.1%within the sector's middle half▲ 0.6pp24.8%within the sector's middle half▼ 0.3pp29.0%within the sector's middle half▲ 4.1pp39.4%within the sector's middle half▲ 10.4pp47.1%within the sector's middle half▲ 7.7pp
Current ratio1.15-1.20▲ 0.051.21within the sector's middle half▲ 0.021.20within the sector's middle half▼ 0.011.26within the sector's middle half▲ 0.051.34within the sector's middle half▲ 0.081.63within the sector's middle half▲ 0.291.82within the sector's middle half▲ 0.19
Return on assets (ROA)0.8%-1.0%▲ 0.2pp2.4%within the sector's middle half▲ 1.4pp0.1%below the sector's middle half▼ 2.3pp0.6%within the sector's middle half▲ 0.6pp0.4%within the sector's middle half▼ 0.2pp2.5%within the sector's middle half▲ 2.1pp6.2%within the sector's middle half▲ 3.7pp
Staff (FTE)5.4-3.7▼ 31.5%3.6within the sector's middle half▼ 2.7%3.3below the sector's middle half▼ 8.3%3.7▲ 12.1%3.5within the sector's middle half▼ 5.4%2.6within the sector's middle half▼ 25.7%2.5below the sector's middle half▼ 3.8%
above within below The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €520,564
Fixed assets €19,875 ▼ 35.2%
Current assets €500,690 ▼ 1.8%
Equity and liabilities €520,564
Equity €245,076 ▲ 15.1%
Debt €275,489 ▼ 15.9%
Debt's share of the balance-sheet total falls from 60.6% to 52.9%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€84,122▲
2024 · €81,832
Cash flow
€42,945▲
2024 · €28,585
Quick ratio
0.43▼
2024 · 0.69
Debt to equity
1.12▼
2024 · 1.54
ROE
13.1%▲
2024 · 6.3%
Interest coverage
2.59▲
2024 · 1.73
Debt ≤ 1 year
€275,489▼
2024 · €312,705
Debt > 1 year
€0▼
2024 · €4,137
Income taxes
€19,743▲
2024 · €7,907
Staff costs
€137,934▼
2024 · €144,189
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date44333
full-time22222
part-time22111
in full-time equivalents3.33.32.52.52.5
Average over the year, in full-time equivalents3.33.73.52.62.5
On a permanent contract44333
Joined12211
Left12311
Training hours1041069677-

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets---€1,321-
Financial fixed assets----€0
Depreciation and write-downs of the year€20,070€17,055€16,296€15,070€10,785

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as INDUMAT: wholesale of other machinery and equipment (NACE 46649). They are comparable in size and age: total assets between €450,000 and €644,000, founded between 1983 and 1997.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
INDUMAT Brussel1992€520,564€245,076€222,543€32,1602.52025
HERBERT Zaventem1992€479,869€300,000€204,392€69,1271.82025
ESKENS BENELUX Mechelen1990€449,856€118,951€276,312€9,1862.62025
VEGRAM GRAPHICS Antwerpen1990€642,239€365,280€172,819€9371.72025
BPI INSTRUMENTS Liège1997€577,671€126,616€183,333€13,85022025
AWT Kontich1987€545,595€382,126€155,465-€25,9361.72025
HUMITAB Brecht1983€644,356€493,635€224,433€23,68822025

They were chosen from the 1,761 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 31,368 companies had the same profile as INDUMAT has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.5% went bankrupt
5.9% stopped otherwise
93.5% was still going

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of INDUMAT itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 31,368 companies, not a prediction for INDUMAT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 57 lines

Source: Annual accounts 2025 (PDF), filed on 29-05-2026.

Balance sheet Code20242025
Assets
Total assets20/58€540,597€520,564▼
Fixed assets21/28€30,659€19,875▼
Intangible fixed assets21€7,589€913▼
Tangible fixed assets22/27€22,734€18,626▼
Plant, machinery and equipment23€1,313€875▼
Furniture and vehicles24€1,545€1,008▼
Other tangible fixed assets26€19,876€16,742▼
Financial fixed assets28€336€336=
Current assets29/58€509,937€500,690▼
Stocks and contracts in progress3€292,824€383,253▲
Stocks30/36€292,824€383,253▲
Amounts receivable within one year40/41€162,245€58,415▼
Trade receivables40€160,287€56,369▼
Other amounts receivable41€1,958€2,046▲
Cash at bank and in hand54/58€45,630€53,311▲
Deferred charges and accrued income490/1€9,239€5,711▼
Equity and liabilities
Total equity and liabilities10/49€540,597€520,564▼
Equity10/15€212,915€245,076▲
Contributions10/11€125,000€125,000=
Capital10€125,000€125,000=
Issued capital100€125,000€125,000=
Reserves13€87,915€120,076▲
Non-distributable reserves130/1€4,312€4,312=
Legal reserve130€4,312€4,312=
Tax-exempt reserves132€125€125=
Distributable reserves133€83,479€115,639▲
Amounts payable17/49€327,681€275,489▼
Amounts payable after more than one year17€4,137€0▼
Financial debts170/4€4,137€0▼
Amounts payable within one year42/48€312,705€275,489▼
Current portion of amounts payable after more than one year42€4,758€4,137▼
Financial debts43€200,000€220,000▲
Credit institutions430/8€200,000€220,000▲
Trade debts44€84,728€28,385▼
Suppliers440/4€84,728€28,385▼
Taxes, remuneration and social security45€23,219€22,967▼
Taxes450/3€11,241€10,192▼
Remuneration and social security454/9€11,977€12,775▲
Accrued charges and deferred income492/3€10,840€0▼
Income statement Code20242025
Remuneration, social security and pensions62€144,189€137,934▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15,070€10,785▼
Other operating charges640/8€467€487▲
Non-recurring operating charges66A€2,340€0▼
Gross operating margin9900€228,828€222,543▼
Operating profit (loss)9901€66,762€73,337▲
Financial income75/76B€1,974€11,010▲
Recurring financial income75€1,974€11,010▲
Financial charges65/66B€47,314€32,443▼
Recurring financial charges65€47,314€32,443▼
Profit (loss) for the period before taxes9903€21,422€51,903▲
Income taxes67/77€7,907€19,743▲
Profit (loss) for the period9904€13,516€32,160▲
Profit (loss) for the period to be appropriated9905€13,516€32,160▲
Appropriation of the result
Profit (loss) to be appropriated9906€13,516€32,160▲
Transfer to equity691/2€13,516€32,160▲
To other reserves6921€13,516€32,160▲
Social balance sheet
Average headcount (FTE)90872.62.5▼

The notes to these accounts have 18 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line20182019202020212022202320242025Change
Non-recurring operating income76A----€22,314€0---
Remuneration, social security and pensions62---€154,419€163,110€167,728€144,189€137,934▼ 4.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,948€24,198€21,749€20,070€17,055€16,296€15,070€10,785▼ 28.4%
Other operating charges640/8---€1,071€1,973€1,152€467€487▲ 4.3%
Non-recurring operating charges66A----€21,912€0€2,340€0▼ 100%
Gross operating margin9900€268,156€267,565€277,763€218,161€257,297€229,447€228,828€222,543▼ 2.7%
Operating profit (loss)9901€19,013€52,565€54,975€42,600€53,247€44,271€66,762€73,337▲ 9.8%
Financial income75/76B---€1,646€2,199€5,252€1,974€11,010▲ 458%
Recurring financial income75€12,716€4,819€4,417€1,646€2,199€5,252€1,974€11,010▲ 458%
Financial charges65/66B---€42,919€47,535€46,262€47,314€32,443▼ 31.4%
Recurring financial charges65€20,969€44,800€35,088€42,919€47,535€46,262€47,314€32,443▼ 31.4%
Profit (loss) for the period before taxes9903€10,760€12,584€24,304€1,328€7,911€3,261€21,422€51,903▲ 142%
Income taxes67/77€3,703€4,423€5,601€928€3,011€711€7,907€19,743▲ 150%
Profit (loss) for the period9904€7,057€8,161€18,703€399€4,900€2,550€13,516€32,160▲ 138%
Profit (loss) for the period to be appropriated9905€7,057€8,161€18,703€399€4,900€2,550€13,516€32,160▲ 138%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€858,440€832,334€780,734€763,836€792,377€688,070€540,597€520,564▼ 3.7%
Fixed assets21/28€82,369€59,732€71,364€75,107€60,704€44,407€30,659€19,875▼ 35.2%
Intangible fixed assets21€25,416€19,666€43,959€32,470€23,663€16,995€7,589€913▼ 88.0%
Tangible fixed assets22/27€56,617€39,730€27,069€42,301€36,704€27,076€22,734€18,626▼ 18.1%
Plant, machinery and equipment23---€3,484€2,426€1,751€1,313€875▼ 33.3%
Furniture and vehicles24---€9,268€6,856€2,126€1,545€1,008▼ 34.7%
Other tangible fixed assets26---€29,549€27,423€23,199€19,876€16,742▼ 15.8%
Financial fixed assets28€336€336€336€336€336€336€336€336=
Current assets29/58€776,071€772,603€709,370€688,729€731,673€643,662€509,937€500,690▼ 1.8%
Stocks and contracts in progress3€318,103€336,427€289,586€413,102€459,231€374,321€292,824€383,253▲ 30.9%
Stocks30/36---€413,102€459,231€374,321€292,824€383,253▲ 30.9%
Amounts receivable within one year40/41€303,441€216,979€164,390€127,506€123,859€190,588€162,245€58,415▼ 64.0%
Trade receivables40---€82,862€90,159€163,630€160,287€56,369▼ 64.8%
Other amounts receivable41---€44,644€33,700€26,958€1,958€2,046▲ 4.5%
Cash at bank and in hand54/58€152,393€215,906€250,955€140,512€128,398€64,896€45,630€53,311▲ 16.8%
Deferred charges and accrued income490/1---€7,609€20,185€13,858€9,239€5,711▼ 38.2%
Equity and liabilities
Total equity and liabilities10/49€858,440€832,334€780,734€763,836€792,377€688,070€540,597€520,564▼ 3.7%
Equity10/15€164,687€172,848€191,551€191,950€196,849€199,399€212,915€245,076▲ 15.1%
Contributions10/11€125,000€125,000€125,000€125,000€125,000€125,000€125,000€125,000=
Capital10---€125,000€125,000€125,000€125,000€125,000=
Issued capital100---€125,000€125,000€125,000€125,000€125,000=
Reserves13€39,687€47,848€66,551€66,950€71,849€74,399€87,915€120,076▲ 36.6%
Non-distributable reserves130/1---€4,312€4,312€4,312€4,312€4,312=
Legal reserve130---€4,312€4,312€4,312€4,312€4,312=
Tax-exempt reserves132---€125€125€125€125€125=
Distributable reserves133---€62,513€67,413€69,963€83,479€115,639▲ 38.5%
Amounts payable17/49€693,753€659,487€589,183€571,886€595,527€488,670€327,681€275,489▼ 15.9%
Amounts payable after more than one year17€17,650€10,728€4,121-€13,437€8,895€4,137€0▼ 100%
Financial debts170/4----€13,437€8,895€4,137€0▼ 100%
Amounts payable within one year42/48€676,102€645,941€585,062€571,886€582,090€479,776€312,705€275,489▼ 11.9%
Current portion of amounts payable after more than one year42---€4,121€4,337€4,542€4,758€4,137▼ 13.1%
Financial debts43---€413,246€513,719€387,347€200,000€220,000▲ 10.0%
Credit institutions430/8---€413,246€513,719€387,347€200,000€220,000▲ 10.0%
Trade debts44€135,603€95,420€78,990€142,714€48,318€70,532€84,728€28,385▼ 66.5%
Suppliers440/4---€142,714€48,318€70,532€84,728€28,385▼ 66.5%
Taxes, remuneration and social security45---€11,269€15,181€17,354€23,219€22,967▼ 1.1%
Taxes450/3----€2,602€4,524€11,241€10,192▼ 9.3%
Remuneration and social security454/9---€11,269€12,579€12,830€11,977€12,775▲ 6.7%
Other amounts payable47/48---€535€535€0---
Accrued charges and deferred income492/3------€10,840€0▼ 100%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€7,057€8,161€18,703€399€4,900€2,550€13,516€32,160▲ 138%
+ Depreciation and write-downs630€17,948€24,198€21,749€20,070€17,055€16,296€15,070€10,785▼ 28.4%
Operating cash flow (approximation)€25,005€32,358€40,452€20,469€21,955€18,846€28,585€42,945▲ 50.2%
Investment in fixed assets (approximation)--€1,560-€33,381-€23,812-€2,653€0-€1,321€0-
Change in cash-€63,514€35,048-€110,443-€12,113-€63,502-€19,266€7,681-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 33 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 29-05-2026 2026-00125839 PDF
31-12-2024 abbreviated format 06-05-2025 2025-00090240 PDF
31-12-2023 full format 24-04-2024 2024-00067767 PDF
31-12-2022 micro format 30-06-2023 2023-00181219 PDF
31-12-2021 full format 23-06-2022 2022-20085156 PDF
31-12-2020 full format 30-07-2021 2021-44500211 PDF
31-12-2019 full format 07-08-2020 2020-40000266 PDF
31-12-2018 full format 28-08-2019 2019-53000439 PDF
31-12-2017 full format 11-07-2018 2018-31900055 PDF
31-12-2016 full format 07-06-2017 2017-15800232 PDF

Show all 33 filings

Board & ownership

Directors

Directors
3 directors
Rosseel Andre Georges
Director · since 07-04-1992 · listed in the 2024 annual accounts, filed on 06-05-2025
Current
Rosseel Aline
Director · since 01-07-2012 · listed in the 2024 annual accounts, filed on 06-05-2025
Current
Rosseel Giliam
Director · since 04-09-2015 · listed in the 2024 annual accounts, filed on 06-05-2025
Current
Office holders in the KBO →
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“De raad, evenals de gevolmachtigden voor het dagelijks bestuur binnen het kader van dit bestuur, mogen eveneens specifieke bevoegdheden aan…”
deed of 11-07-2023

Owners and capital

Capital transactions

Capital over time
  1. 11-07-2023 Capital stated in the deed · €125,000 · 2,521 shares

Mandate history

3 people, 3 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
Rosseel Andre Georges
  • Director, from 07-04-1992 to date
Rosseel Aline
  • Director, from 01-07-2012 to date
Rosseel Giliam
  • Director, from 04-09-2015 to date
See the board, name and registered office on a given date →

Network & group

INDUMAT shares no director with another company.

Connections & network

3 current directors
Depth

The network starts from the directors of INDUMAT. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
29-05
NBB filing Annual accounts 2025 filedPDF
full format · 63 days before the deadline
2025
31-12
Financial Highest result from 2018 to 2025net €32,160 ▲138%
The operating result of €73,337 and the net result of €32,160 are both a record.
06-05
NBB filing Annual accounts 2024 filedPDF
abbreviated format · 86 days before the deadline
2024
31-12
Financial Equity above €200,000equity €212,915 ▲6.8%
With a profit in every financial year since 2018, equity grows to €212,915.
24-04
NBB filing Annual accounts 2023 filedPDF
full format · 98 days before the deadline
2023
11-07
Gazette deed Amendment of the articles
Capital · Registered office clause4 points ▸
  • General meeting, 15-06-2023
  • Amendment of the articles, mentioned 2 times in the deed
  • Capital, €125,000
  • Registered office clause, “Drootbeekstraat 42-44,1020 Brussel (Laken)”, 3 (deed in Dutch)

Open the act in the Belgian Official Gazette

30-06
NBB filing Annual accounts 2022 filedPDF
micro format · 31 days before the deadline
2022
23-06
NBB filing Annual accounts 2021 filedPDF
full format · 38 days before the deadline
2021
31-12
Financial Weakest financial yearnet €399 ▼97.9%
The net result drops to €399, the lowest from 2018 to 2025. It recovers the following year.
30-07
NBB filing Annual accounts 2020 filedPDF
full format · 1 day before the deadline
2020
07-08
NBB filing Annual accounts 2019 filedPDF
full format · 7 days late
2019
28-08
NBB filing Annual accounts 2018 filedPDF
full format · 28 days late
Show earlier events
2018
11-07
NBB filing Annual accounts 2017 filedPDF
full format · 20 days before the deadline
2017
07-06
NBB filing Annual accounts 2016 filedPDF
full format · 54 days before the deadline
1992
29-04
Gazette deed Incorporation

Show all 33 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.An act published in both Dutch and French appears here once.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 31 March 1992, INDUMAT was incorporated.1 Total assets went from €858,440 in 2018 to €520,564 in 2025 and headcount from 5.4 to 2.5 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Register details

Identity

KBO record
Name INDUMAT
Enterprise number 0446.842.673
Legal form Public limited company
Status Active, normale toestand
Founded 31-03-1992
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 11-07-2023 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Brusselse Gewest”
deed of 11-07-2023 (in Dutch)

Registered office and establishments

Registered office Drootbeekstraat 42-44, 1020 Brussel, Belgium
Establishment unit Drootbeekstraat 42 4, 1020 Brussel since 15-04-1992 · unit number 2.102.851.419

Activities

NACEBEL 2025
VAT activities
46649 Wholesale of other machinery and equipment main activity
Social security (RSZ) activities
46649 Wholesale of other machinery and equipment main activity
Codes under NACEBEL 2008
VAT activities
46699 Wholesale trade main activity
Social security (RSZ) activities
46699 Wholesale trade main activity
Codes under NACEBEL 2003
VAT activities
51873 main activity
Social security (RSZ) activities
51872 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“De handel:onder welke vorm ook,te weten de verhuur,de vertegenwoordiging,de invoer,de uitvoer,de verkoop,de aankoop,alsook het gebruik,de…”
5 activities
  1. De handel:onder welke vorm ook,te weten de verhuur,de vertegenwoordiging,de invoer,de uitvoer,de verkoop,de aankoop,alsook het gebruik,de vervaardiging of de omvorming van alle materialen,artikelen of producten,werktuigen of gereedschap van welke aard ook bestemd voor de industrie of voor de handel in het algemeen
  2. De studie,de aanwerving,de verkoop,de makelarij,de waardering en de exploitatie onder welke vorm ook van elk octrooi,model en merk,en van elke licentie die er betrekking op heeft
  3. Alle commerciële,industriële,onroerende,roerende,financiële of andere verrichtingen,hetzij rechtstreeks voor eigen rekening,hetzij als makelaar of tussenpersoon voor andermans rekening
  4. Zij kan door middel van inbreng,inschrijving,fusie,financiële tussenkomst of op elke andere wijze,rechtstreeks of onrechtstreeks deelnemen aan alle vennootschappen,ondernemingen,Belgische of buitenlandse groepen,met zelfde of gelijkaardig voorwerp
  5. Zij kan in het algemeen,alle industriële,commerciële,financiële,roerende en onroerende handelingen verrichten,die rechtstreeks of onrechtstreeks geheel of gedeeltelijk verband houden met haar voorwerp,of van aard zijn haar bedrijvigheid of handel uit te breiden of te ontwikkelen
deed of 11-07-2023 (in Dutch)

Invoicing and payment

VAT number BE 0446.842.673
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0446842673

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 1 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Wednesday of April at 14:00
deed of 11-07-2023 (in Dutch)

Sites & property

Location
registered office establishment The establishment unit on the map

Buildings and parcels at the address

Ground area
109 m²
Building footprint
108 m²
Building volume
1,069 m³
Cadastral parcel Region Area Buildings Height / floors
21815D0319/00M004 Brussels 109 m² 1 · 108 m² 22.2 m · 4

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