INDUMET

Active

Public limited companyfounded 1973active for 53 yearsRue Winston-Churchill 139-149, 4020 Liège, BelgiumKBO/BCE: BE 0413.539.209

Summary

INDUMET has been active since 1973 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €9.1m and a net result of €189,631. Equity is growing by about 8.2% per year across the filed financial years. Its solvency ranks better than 78% of 6,136 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

INDUMETActiveChecked score 93/100

Risk analysis Report Compare

Activity

Wholesale trade

NACE 46820

5th largest company by equity in Liège, Wholesale and retail trade sector1 site

Size

€17.7mturnover 2025

Staff: 13.1 FTE
Equity: €9.1m
Profit: €189,631

Financial health

93 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Structure

Parent: Sidemac Group SRL

Auditor: LIBRA - AUDIT & ASSURANCEAccounts 27 days early2 of 16 deeds read

Why 93raises riskLiquidity: current ratio 4.80, cash €750,451lowers riskFounded in 1973Equity €9.1m (71.8% of total assets)Size: turnover €17.7m, 13.1 FTE, total assets €12.7mShow the evidence

Checked score

Score 2025

93 / 100

Excellent

Probability in this band: under 0.55%

Financially better than 52% of its sector peers (NACE 46, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Strong

Solvency 97+3

equity 71.8% of total assets

Liquidity 51+7

short-term debt 19.9% · cash 5.9%

Profitability 57-16

return on assets 1.5%

Bankruptcy probability, 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 0.2% (4,376 companies, NACE 46, small)

Last 24 months 11-2024: 0.3% 12-2024: 0.3%● unchanged vs 11-2024 01-2025: 0.3%● unchanged vs 12-2024 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025highest value 04-2025: 0.1%▼ -0.2 percentage points vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025lowest value 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026

Credit of up to €800,000 on 30-day terms is acceptable

Liquidity ample (current ratio 4.8, compared with 4.06 in 2024, above the usual 1.5; short-term debt: 19.9% and cash: 5.9% of total assets), and 28.2% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, small): better than 81% on solvency, 65% on liquidity, 40% on profitability and 23% on growth.

The bankruptcy probability was computed on 23-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.

lowers riskraises riskneutral

Founded in 1973

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

Equity €9.1m (71.8% of total assets)

NBB · annual accounts

Size: turnover €17.7m, 13.1 FTE, total assets €12.7m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

NBB · annual accounts

Liquidity: current ratio 4.80, cash €750,451

NBB · annual accounts

Latest accounts filed on time

The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 04-03-2026, 27 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

27 days early

2024

17 days early

2023

41 days early

2022

24 days early

2021

21 days early

2020

5 days early

2019

36 days 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 24 days before the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The financial year that closed on 31-08-2026 is due by 31-03-2027. Nothing is late today. The company usually files around 7 March (5 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Where today falls in the filing period

31-08-2026 year end24-10-2026 today31-03-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

22-05-2026 Reappointments: BUDA Giuseppe, BUDA Alessandro and…Appointment: LIBRA - Audit &…
04-03-2026 Annual accounts filedfinancial year 2025 · full…
14-03-2025 Annual accounts filedfinancial year 2024 · full…

Key points

Caution: Result fell in 2025from €1.4m to €189,631 ▼ 86.3% View
Positive: 5th largest company by equity in Liège, Wholesale and retail trade sectorin the Checked rankings No. 5 View
Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
Controlled by Sidemac Group SRL parent View
Active since 1973founded 12-09-1973 53 years View

By topic

Financials

Financial year: 2025
Turnover: €17.7m
Profit: €189,631
Solvency: 71.8%

Turnover▼ 45.0%

Net result

20192025

Go to Financials

Board & ownership

Board: 3 members
Parent: Sidemac Group SRL
Auditor: LIBRA - AUDIT &…

BUDA AlessandroDirector
BUDA GiuseppeDirector
MAFFI GabrieleDirector

Go to Board & ownership

Timeline

Events: 55
Since: 1978
Next accounts: by 31-03-2027

31-08-2024Back to profit
31-08-2024Liquidity more than doubled
19-02-2024Annual accounts filed

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Wholesale tradeNACE 46820
Founded: 12-09-1973
Year ends: 31-08
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 42

Annual meeting: Second Friday of February at 11:00
Purpose: “La société a pour objet toutes opérations relatives à l'achat,la vente,l'échange,la…” (deed in French)

Go to Articles of association

Key facts about INDUMET

What is the company number of INDUMET?: 0413.539.209. In Belgium the VAT number is the company number with BE in front: BE 0413.539.209.
Where is INDUMET based?: The registered office is at Rue Winston-Churchill 139-149, 4020 Liège.Company details
What does INDUMET do?: According to the KBO register, the main activity is wholesale trade (NACE 46820).
What is the legal form of INDUMET?: Public limited company (NV).
When was INDUMET founded?: On 12-09-1973.
Is INDUMET still active?: Yes, INDUMET is an active enterprise in the KBO register.
How many employees does INDUMET have?: On average 13.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of INDUMET?: €17.7m in financial year 2025, according to the filed annual accounts.
Is INDUMET profitable?: In financial year 2025, INDUMET made a profit of €189,631.
Where can I find the annual accounts of INDUMET?: INDUMET filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of INDUMET due?: By 31-03-2027, for financial year 2026.Timeline