LADM
0421.881.209 · rovalta.com · 23/09/2026
ACTIVE
LADM
Financial year 2025 · closed on 31/12/2025
Net result
477,3 k €
-53.3% YoY
Gross margin
1,6 M €
-22.3% YoY
Equity
5,9 M €
+0.0% YoY
Workforce
17,8 ETP
+4.7% YoY
Overview
What does LADM do?
LADM is a Public limited company incorporated in 1981. Its main activity is: Manufacture of metal structures and parts of structures. Its registered office is in Herstal. It employs on average 17,8 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0421.881.209
Incorporation
10/09/1981
Legal form
Public limited company
Registered office
Rue de Hermée 256
4040 Herstal · WallonieSee on map
4040 Herstal · WallonieSee on map
Contributed capital
65 000,00 €
Latest accounts
31/12/2025
Average workforce
17,8 ETP
Activities (NACE)
25110Manufacture of metal structures and parts of structures· main25110Manufacture of metal structures and parts of structures25530Forging, pressing, stamping and roll-forming of metal; powder metallurgy25620Machining28110Manufacture of engines and turbines, except aircraft, vehicle and cycle engines28520Manufacture of machinery and equipment n.e.c.
Joint committees (3)
- 100
- 111
- 209
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts
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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 | |||||||||||||||||||||||||||||||||||||||
| Gross margin | 1,6 M € | -22.3% | 2,1 M € | +0.2% | 2,1 M € | -24.8% | 2,7 M € | +42.9% | 1,9 M € | +28.0% | 1,5 M € | -22.1% | 1,9 M € | -1.1% | 1,9 M € | +42.1% | 1,4 M € | -0.8% | 1,4 M € | -1.2% | 1,4 M € | -10.4% | 1,6 M € | +36.7% | 1,1 M € | -14.3% | 1,3 M € | +7.1% | 1,2 M € | +12.4% | 1,1 M € | -24.2% | 1,5 M € | +19.7% | 1,2 M € | +13.6% | 1,1 M € | -0.4% | 1,1 M € |
| EBITDA | 572,7 k € | -47.6% | 1,1 M € | -13.8% | 1,3 M € | -37.0% | 2 M € | +64.7% | 1,2 M € | +51.9% | 804,7 k € | -35.9% | 1,3 M € | -5.7% | 1,3 M € | +67.3% | 794,9 k € | -7.1% | 855,3 k € | -7.6% | 925,9 k € | -14.7% | 1,1 M € | +73.3% | 626 k € | -21.4% | 796,9 k € | -5.4% | 842,7 k € | +8.2% | 779 k € | -32.1% | 1,1 M € | +30.9% | 876,3 k € | +19.0% | 736,2 k € | -7.2% | 793,7 k € |
| Operating result | 506,9 k € | -52.0% | 1,1 M € | -6.7% | 1,1 M € | -40.5% | 1,9 M € | +77.1% | 1,1 M € | +66.6% | 645,3 k € | -38.1% | 1 M € | -10.4% | 1,2 M € | +99.4% | 583,7 k € | -7.2% | 628,8 k € | -11.4% | 710,1 k € | -9.9% | 787,7 k € | +66.3% | 473,8 k € | -27.7% | 655,4 k € | -2.5% | 672,4 k € | +15.9% | 580,3 k € | -42.3% | 1 M € | +42.3% | 706,2 k € | +20.4% | 586,5 k € | -2.6% | 602,2 k € |
| Net result | 477,3 k € | -53.3% | 1 M € | +28.2% | 797,7 k € | -43.1% | 1,4 M € | +75.3% | 800,3 k € | +62.6% | 492,2 k € | -34.1% | 746,4 k € | -9.5% | 824,4 k € | +107% | 398,2 k € | -13.1% | 458,3 k € | -0.4% | 460 k € | -14.7% | 539,5 k € | +51.8% | 355,4 k € | -26.2% | 481,8 k € | -0.9% | 486 k € | +19.8% | 405,8 k € | -41.5% | 693,8 k € | +40.8% | 492,9 k € | +13.4% | 434,6 k € | +3.7% | 419,2 k € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||||
| Equity | 5,9 M € | +0.0% | 5,9 M € | +2.9% | 5,7 M € | -1.0% | 5,8 M € | +32.1% | 4,4 M € | +22.3% | 3,6 M € | +2.9% | 3,5 M € | +11.0% | 3,1 M € | -6.2% | 3,3 M € | +13.2% | 2,9 M € | +4.3% | 2,8 M € | +12.7% | 2,5 M € | +61.8% | 1,5 M € | -32.3% | 2,3 M € | +8.6% | 2,1 M € | +10.4% | 1,9 M € | +12.0% | 1,7 M € | +29.5% | 1,3 M € | +22.0% | 1,1 M € | +29.0% | 834,9 k € |
| Total assets | 8,9 M € | +0.3% | 8,9 M € | +0.1% | 8,9 M € | +38.8% | 6,4 M € | +35.7% | 4,7 M € | +6.9% | 4,4 M € | +3.3% | 4,3 M € | -10.5% | 4,8 M € | +18.6% | 4 M € | +10.0% | 3,7 M € | +5.9% | 3,4 M € | +5.6% | 3,3 M € | +29.1% | 2,5 M € | -17.2% | 3,1 M € | +7.5% | 2,8 M € | +3.9% | 2,7 M € | +7.1% | 2,6 M € | +23.4% | 2,1 M € | +15.0% | 1,8 M € | -5.8% | 1,9 M € |
| Cash | 255,8 k € | -60.1% | 640,6 k € | +68.1% | 381 k € | -91.5% | 4,5 M € | +67.2% | 2,7 M € | +4.5% | 2,6 M € | +32.2% | 1,9 M € | -27.2% | 2,7 M € | +23.2% | 2,2 M € | +14.0% | 1,9 M € | +10.5% | 1,7 M € | +20.8% | 1,4 M € | +34.3% | 1,1 M € | -25.2% | 1,4 M € | +15.4% | 1,2 M € | +19.7% | 1 M € | +160% | 395,4 k € | +88.7% | 209,6 k € | +104% | 102,9 k € | +84.0% | 56 k € |
| Debts | 3 M € | +0.9% | 3 M € | -5.0% | 3,2 M € | +408% | 620,6 k € | +81.9% | 341,2 k € | -59.0% | 831,9 k € | +5.0% | 792,7 k € | -51.5% | 1,6 M € | +140% | 680,1 k € | -3.4% | 703,7 k € | +13.0% | 622,7 k € | -17.8% | 757,2 k € | -22.5% | 977,1 k € | +27.9% | 764,2 k € | +4.5% | 731,5 k € | -11.3% | 824,2 k € | -2.8% | 848,4 k € | +12.9% | 751,7 k € | +4.7% | 718,3 k € | -32.9% | 1,1 M € |
| Other | |||||||||||||||||||||||||||||||||||||||
| Workforce | 17,8 ETP | +4.7% | 17,0 ETP | +16.4% | 14,6 ETP | +6.6% | 13,7 ETP | -5.5% | 14,5 ETP | -6.5% | 15,5 ETP | +2.0% | 15,2 ETP | +3.4% | 14,7 ETP | +14.0% | 12,9 ETP | +6.6% | 12,1 ETP | +12.0% | 10,8 ETP | +0.9% | 10,7 ETP | -10.1% | 11,9 ETP | +3.5% | 11,5 ETP | +19.8% | 9,6 ETP | +15.7% | 8,3 ETP | +2.5% | 8,1 ETP | -6.9% | 8,7 ETP | -4.4% | 9,1 ETP | +18.2% | 7,7 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
between 2,5 M€ and 5 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 34 ended
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model | Abridged model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 21/05/2026 | 30/06/2025 | 11/06/2024 | 20/03/2023 | 20/06/2022 | 09/06/2021 |
| General meeting | 17/04/2026 | 06/06/2025 | 07/06/2024 | 13/03/2023 | 03/06/2022 | 04/06/2021 |
| 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
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
20 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Abridged model | 31/12/2025 | 17/04/2026 | 21/05/2026 | French | |
| Abridged model | 31/12/2024 | 06/06/2025 | 30/06/2025 | French | |
| Abridged model | 31/12/2023 | 07/06/2024 | 11/06/2024 | French | |
| Abridged model | 31/12/2022 | 13/03/2023 | 20/03/2023 | French | |
| Abridged model | 31/12/2021 | 03/06/2022 | 20/06/2022 | French | |
| Abridged model | 31/12/2020 | 04/06/2021 | 09/06/2021 | French | |
| Abridged model | 31/12/2019 | 05/06/2020 | 26/06/2020 | French | |
| Abridged model | 31/12/2018 | 07/06/2019 | 05/08/2019 | French | |
| Abridged model | 31/12/2017 | 01/06/2018 | 05/07/2018 | French | |
| Abridged model | 31/12/2016 | 01/06/2017 | 25/08/2017 | French | |
| Abridged model | 31/12/2015 | 01/06/2016 | 19/08/2016 | French | |
| Abridged model | 31/12/2014 | 05/06/2015 | 25/08/2015 | French | |
| Abridged model | 31/12/2013 | 06/06/2014 | 06/08/2014 | French | |
| Abridged model | 31/12/2012 | 07/06/2013 | 13/08/2013 | French | |
| Abridged model | 31/12/2011 | 01/06/2012 | 16/08/2012 | French | |
| Abridged model | 31/12/2010 | 03/06/2011 | 07/07/2011 | French | |
| Abridged model | 31/12/2009 | 04/06/2010 | 05/08/2010 | French | |
| Abridged model | 31/12/2008 | 05/06/2009 | 26/08/2009 | French | |
| Abridged model | 31/12/2007 | 06/06/2008 | 16/06/2008 | French | |
| Abridged model | 31/12/2006 | 01/06/2007 | 29/06/2007 | French |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
between 2,5 M€ and 5 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.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 2 active · 34 ended
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates17/12/2024DEMISSIONS, NOMINATIONS
- Mandates18/09/2024DENOMINATION
- Other31/07/2023DIVERS
- Mandates24/03/2023DEMISSIONS, NOMINATIONS
- Other03/02/2023STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DIVERS
- Mandates03/02/2023DEMISSIONS, NOMINATIONS
- Mandates14/05/2021DEMISSIONS, NOMINATIONS
- Capital / shares25/09/2018CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 2025477,3 k €↓
- 2024Annual accounts 20241 M €↑
- 2024Name changeLADM
- 2023Annual accounts 2023797,7 k €↓
- 2022Annual accounts 20221,4 M €↑
- 2021Annual accounts 2021800,3 k €↑
- 2021Name changeLes Ateliers de Monsin
- 2020Annual accounts 2020492,2 k €↓
- 2019Annual accounts 2019746,4 k €↓
- 2018Annual accounts 2018824,4 k €↑
- 2017Annual accounts 2017398,2 k €↓
- 2016Annual accounts 2016458,3 k €↓
- 2015Annual accounts 2015460 k €↓
- 2014Annual accounts 2014539,5 k €↑
- 2013Annual accounts 2013355,4 k €↓
- 2012Annual accounts 2012481,8 k €↓
- 2011Annual accounts 2011486 k €↑
- 2010Annual accounts 2010405,8 k €↓
- 2009Annual accounts 2009693,8 k €↑
- 2008Annual accounts 2008492,9 k €↑
- 2007Annual accounts 2007434,6 k €↑
- 2006Annual accounts 2006419,2 k €
- 10/09/1981IncorporationPublic limited company