ACTIVE

INDUMET

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Financial year 2025 · closed on 31/08/2025

Net result

189,6 k €

-86.3% YoY

Revenue

17,7 M €

-45.0% YoY

Equity

9,1 M €

+2.1% YoY

Workforce

13,1 ETP

+0.8% YoY

What does INDUMET do?

INDUMET is a Public limited company incorporated in 1973. Its main activity is: Wholesale of metals and metal ores. Its registered office is in Liège. It employs on average 13,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0413.539.209

Incorporation

12/09/1973

Legal form

Public limited company

Registered office

Rue Winston-Churchill 139-149
4020 Liège · WallonieSee on map

Contributed capital

2 000 000,00 €

Latest accounts

31/08/2025

Average workforce

13,1 ETP

Activities (NACE)

46720Wholesale of metals and metal ores· main 46820Wholesale trade, except of motor vehicles and motorcycles 51520Air transport

Joint committees (4)

14904
200
200.18
218

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	17,7 M €	-45.0%	32,1 M €	+72.5%	18,6 M €	-20.9%	23,5 M €	-18.9%	29 M €	+36.3%	21,3 M €	-20.7%	26,9 M €	-2.5%	27,5 M €	+9.3%	25,2 M €	+17.1%	21,5 M €	-8.6%	23,5 M €	-0.9%	23,8 M €	-10.0%	26,4 M €	+42.7%	18,5 M €	-41.5%	31,6 M €	+9.4%	28,9 M €	+26.1%	22,9 M €	+5.3%	21,8 M €	+3.6%	21 M €	+3.0%	20,4 M €
EBITDA	446,3 k €	-83.5%	2,7 M €	+2791%	-100,6 k €	-106%	1,6 M €	-44.4%	2,9 M €	+1786%	-173,6 k €	-122%	801,3 k €	-34.8%	1,2 M €	+22.2%	1 M €	+39.8%	719,3 k €	-25.4%	964,3 k €	+29.7%	743,5 k €	+90.6%	390,1 k €	-48.4%	756,7 k €	-31.9%	1,1 M €	-51.1%	2,3 M €	+116%	1,1 M €	-35.3%	1,6 M €	+44.7%	1,1 M €	-9.4%	1,2 M €
Operating result	319,3 k €	-87.5%	2,5 M €	+3789%	65,5 k €	-94.1%	1,1 M €	-58.7%	2,7 M €	+752%	-413,8 k €	-173%	567,9 k €	-41.1%	965 k €	+80.1%	535,8 k €	+376%	112,6 k €	-53.4%	241,7 k €	+1976%	11,6 k €	+104%	-296,2 k €	-190%	330 k €	-60.9%	843,3 k €	-47.8%	1,6 M €	+94.5%	830,7 k €	-17.4%	1 M €	+67.8%	599,3 k €	-20.4%	753 k €
Net result	189,6 k €	-86.3%	1,4 M €	+776%	-204,1 k €	-124%	862,1 k €	-60.3%	2,2 M €	+515%	-522,9 k €	-4492%	11,9 k €	-98.1%	631,1 k €	+97.6%	319,4 k €	+459%	57,1 k €	-79.9%	284,8 k €	+950%	27,1 k €	+484%	-7,1 k €	-104%	192,8 k €	-72.1%	691,3 k €	-44.7%	1,2 M €	+202%	413,9 k €	+10.9%	373,2 k €	+157%	145,3 k €	-53.5%	312,8 k €
Balance sheet
Equity	9,1 M €	+2.1%	8,9 M €	+18.3%	7,5 M €	-2.7%	7,7 M €	+10.7%	7 M €	+32.4%	5,3 M €	-9.5%	5,8 M €	-14.9%	6,9 M €	+9.7%	6,3 M €	+4.7%	6 M €	+0.1%	6 M €	+3.7%	5,8 M €	-1.0%	5,8 M €	-1.6%	5,9 M €	+2.3%	5,8 M €	+23.6%	4,7 M €	+35.1%	3,5 M €	+12.5%	3,1 M €	+16.9%	2,6 M €	+5.3%	2,5 M €
Total assets	12,7 M €	-2.5%	13 M €	-26.6%	17,7 M €	+35.7%	13 M €	+15.8%	11,3 M €	-20.2%	14,1 M €	-0.6%	14,2 M €	+11.0%	12,8 M €	+11.2%	11,5 M €	-16.9%	13,8 M €	-5.0%	14,6 M €	+0.4%	14,5 M €	-7.8%	15,7 M €	-2.6%	16,1 M €	+3.7%	15,6 M €	+4.6%	14,9 M €	+10.0%	13,5 M €	-14.1%	15,7 M €	+16.5%	13,5 M €	+18.4%	11,4 M €
Cash	750,5 k €	+177%	271 k €	+16.6%	232,4 k €	+216%	73,6 k €	-81.7%	403 k €	+450%	73,3 k €	-62.0%	192,7 k €	-39.6%	319 k €	+158%	123,6 k €	-40.4%	207,3 k €	-17.4%	250,8 k €	+2.5%	244,8 k €	-17.4%	296,4 k €	+36.1%	217,7 k €	+6.4%	204,6 k €	+157%	79,6 k €	-86.2%	574,8 k €	+918%	56,4 k €	-90.2%	576,1 k €	+42.2%	405,1 k €
Debts	3,5 M €	-12.6%	4 M €	-60.2%	10,1 M €	+92.7%	5,2 M €	+24.4%	4,2 M €	-52.0%	8,8 M €	+5.7%	8,3 M €	+41.2%	5,9 M €	+13.2%	5,2 M €	-33.5%	7,8 M €	-8.5%	8,5 M €	-1.8%	8,7 M €	-11.7%	9,8 M €	-0.3%	9,9 M €	+4.1%	9,5 M €	-4.3%	9,9 M €	+0.7%	9,8 M €	-20.9%	12,4 M €	+15.1%	10,8 M €	+22.3%	8,8 M €
Other
Workforce	13,1 ETP	+0.8%	13,0 ETP	-13.3%	15,0 ETP	-11.2%	16,9 ETP	-16.7%	20,3 ETP	-1.5%	20,6 ETP	-11.6%	23,3 ETP	-4.1%	24,3 ETP	-10.7%	27,2 ETP	-10.8%	30,5 ETP	+21.5%	25,1 ETP	+2.4%	24,5 ETP	-20.7%	30,9 ETP	-9.1%	34,0 ETP	+1.2%	33,6 ETP	+8.7%	30,9 ETP	+3.3%	29,9 ETP	+24.1%	24,1 ETP	+6.2%	22,7 ETP	+8.1%	21,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/08/2025 · 3 active · 20 ended

Active mandates

Alessandro BUDA

Director · until 11 décembre 2026

Active

Gabriele MAFFI

Director · until 11 décembre 2026

Active

Giuseppe BUDA

Managing director · until 11 décembre 2026

Active

Ended mandates

Giuseppe BUDA

Director · since 12 février 2016 · until 11 février 2022

Ended

Rodolphe SCHMID

Director · since 12 février 2012 · until 11 février 2022

Ended

Alessandro BUDA

Director · until 08 février 2018

Ended

Alessandro BUDA

Director · until 12 février 2021

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/09/2024	01/09/2023	01/09/2022	01/09/2021	01/09/2020	01/09/2019
Closing of the financial year	31/08/2025	31/08/2024	31/08/2023	31/08/2022	31/08/2021	31/08/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	04/03/2026	14/03/2025	19/02/2024	07/03/2023	10/03/2022	26/03/2021
General meeting	13/02/2026	14/02/2025	09/02/2024	10/02/2023	11/02/2022	12/02/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/08/2025	13/02/2026	04/03/2026	French	PDF
Full model	31/08/2024	14/02/2025	14/03/2025	French	PDF
Full model	31/08/2023	09/02/2024	19/02/2024	French	PDF
Full model	31/08/2022	10/02/2023	07/03/2023	French	PDF
Full model	31/08/2021	11/02/2022	10/03/2022	French	PDF
Full model	31/08/2020	12/02/2021	26/03/2021	French	PDF
Full model	31/08/2019	14/02/2020	24/02/2020	French	PDF
Full model	31/08/2018	08/02/2019	11/03/2019	French	PDF
Full model	31/08/2017	09/02/2018	15/03/2018	French	PDF
Full model	31/08/2016	10/02/2017	23/02/2017	French	PDF
Full model	31/08/2015	12/02/2016	15/02/2016	French	PDF
Full model	31/08/2014	13/02/2015	15/03/2015	French	PDF
Full model	31/08/2013	14/02/2014	07/03/2014	French	PDF
Full model	31/08/2012	08/02/2013	27/03/2013	French	PDF
Full model	31/12/2011	08/06/2012	06/07/2012	French	PDF
Full model	31/12/2010	10/06/2011	29/06/2011	French	PDF
Full model	31/12/2009	11/06/2010	30/06/2010	French	PDF
Full model	31/12/2008	12/06/2009	19/06/2009	French	PDF
Full model	31/12/2007	13/06/2008	21/06/2008	French	PDF
Full model	31/12/2006	11/06/2007	04/07/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/08/2025 · 3 active · 20 ended

Active mandates

Alessandro BUDA

Director · until 11 décembre 2026

Active

Gabriele MAFFI

Director · until 11 décembre 2026

Active

Giuseppe BUDA

Managing director · until 11 décembre 2026

Active

Ended mandates

Giuseppe BUDA

Director · since 12 février 2016 · until 11 février 2022

Ended

Rodolphe SCHMID

Director · since 12 février 2012 · until 11 février 2022

Ended

Alessandro BUDA

Director · until 08 février 2018

Ended

Alessandro BUDA

Director · until 12 février 2021

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates18/12/2023
DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates30/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates25/04/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates28/05/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates01/03/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates03/04/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates18/09/2018
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025189,6 k €↓
2024
Annual accounts 20241,4 M €↑
2023
Annual accounts 2023-204,1 k €↓
2022
Annual accounts 2022862,1 k €↓
2021
Annual accounts 20212,2 M €↑
2020
Annual accounts 2020-522,9 k €↓
2019
Annual accounts 201911,9 k €↓
2018
Annual accounts 2018631,1 k €↑
2017
Annual accounts 2017319,4 k €↑
2016
Annual accounts 201657,1 k €↓
2015
Annual accounts 2015284,8 k €↑
2014
Annual accounts 201427,1 k €↑
2013
Annual accounts 2013-7,1 k €↓
2012
Annual accounts 2012192,8 k €↓
2011
Annual accounts 2011691,3 k €↓
2010
Annual accounts 20101,2 M €↑
2009
Annual accounts 2009413,9 k €↑
2008
Annual accounts 2008373,2 k €↑
2007
Annual accounts 2007145,3 k €↓
2006
Annual accounts 2006312,8 k €
12/09/1973
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

INDUMET

Overview

What does INDUMET do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline