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UMICORE

Active
Public limited companyfounded 1904active for 122 yearsBroekstraat 31, 1000 Brussel, BelgiumKBO/BCE: BE 0401.574.852
Summary

UMICORE has been active since 1904 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.10bn and a net result of €104.4m, of which €226.8m non-recurring income. Equity remains stable across the filed financial years (±0.2% per year). Its solvency ranks better than 28% of 317 sector peers (NACE 20, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Risk analysisFollow ReportCompare
UMICOREActiveChecked score 85/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of chemicals and chemical products
NACE 20140Manufacture of basic metals NACE 24430
Largest company by total assets in Belgium, Chemicals sector6 sites
Size
€5.43bnturnover 2025
Staff
3,209 FTE
Equity
€2.10bn
Profit
€104.4m
Standalone figures, without subsidiaries
Financial health
85 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.3%
Structure
Board
13 members
Holdings
46
Auditor: EY Bedrijfsrevisoren BV2025 accounts 74 days early
Why 85raises riskLiquidity: current ratio 1.39, cash €8.9m, halved6 establishment unitslowers riskFounded in 1904Size: turnover €5.43bn, 3,209 FTE, total assets €6.26bn, files consolidated accountsShow the evidence

Checked score

Score 2025
85 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 43% of its sector peers (NACE 20, large)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Average
Solvency 59+2
equity 33.6% of total assets
Liquidity 44+2
short-term debt 20.3% · cash 0.1%
Profitability 32+21
return on assets 1.7%
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%

About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (44 companies, NACE 20, large)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.4%▲ +0.2 percentage points vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026highest value 06-2026: 0.3%▼ -0.1 percentage points vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.3%● unchanged vs 07-2026 09-2026: 0.3%● unchanged vs 08-2026 10-2026: 0.3%● unchanged vs 09-2026
Credit of up to €178,900,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.39, compared with 1.31 in 2024, below the usual 1.5; short-term debt: 20.3% and cash: 0.1% of total assets), and 66.4% 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 20, large): better than 33% on solvency, 51% on liquidity, 21% on profitability and 68% on growth.

The bankruptcy probability was computed on 28-10-2026 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
raises risk · Liquidity: current ratio 1.39, cash €8.9m, halved
NBB · annual accounts
lowers risk · Founded in 1904
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Size: turnover €5.43bn, 3,209 FTE, total assets €6.26bn, files consolidated accounts
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 6 establishment units
KBO · seat and establishments
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 18-05-2026, 74 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
74 days early
2024
85 days early
2023
89 days early
2022
49 days early
2021
53 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 70 days before the deadline; the sector median (NACE 20) for financial year 2024 is 22 days before the deadline, and 26% 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 18 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Appointments: Lily Liu (executive vice president…Gazette deed
  2. Annual accounts filedfinancial year 2025 · consolidated
  3. Resignations & appointments · MiscellaneousGeneral meeting

Key points

  • Positive: Back in profit in 2025after -€222.8m in 2024 €104.4m View
  • Positive: Largest company by total assets in Belgium, Chemicals sectorin the Checked rankings No. 1 View
  • Heads a groupcompanies controlled · known shareholders 40.63% (incl. 2.37% own shares) 53 View
  • Board changedlatest change 01-08-2026 · 13 in office 4 joined · 2 left View
  • Flemish supportawarded from 2022 to 2025 €61.5m View
  • Active since 1904founded 07-07-1904 122 years View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Financial year
2025
Turnover
€5.43bn
Profit
€104.4m
Solvency
33.6%
Turnover▲ 44.5%
Net result
20182025
Go to Financials

Board & ownership

Board
13 members
Known shareholders
40.63%
Auditor
EY Bedrijfsrevisoren BV
  • Bart SapCEO
  • Birgit BehrendtDirector
  • Koenraad DebackereDirector
  • Thomas LeysenDirector
  • Alison HenwoodDirector

and 8 other directors

Go to Board & ownership

Network & group

Subsidiaries, all levels
53
Direct holdings
46
Connected companies
71
Mergers and asset contributions
5

53 subsidiaries

Go to Network & group

Timeline

Events
165
Since
1978
Next accounts
by 31-07-2027
  1. 18-05-2026Annual accounts filed
  2. 31-12-2025Back to profit
  3. 25-11-2025Restructuring
Go to Timeline

Company details

Sites
6
Legal form
Public limited company
Activity
Manufacture of chemicals and chemical productsNACE 20140
Founded
07-07-1904
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
9
Purpose
“1) l'étude,la fabrication,la construction,l'achat,la vente,l'installation,l'entretien et…” (deed in French)
Go to Articles of association

Key facts about UMICORE

What is the company number of UMICORE?
0401.574.852. In Belgium the VAT number is the company number with BE in front: BE 0401.574.852.
Where is UMICORE based?
The registered office is at Broekstraat 31, 1000 Brussel.Company details
What does UMICORE do?
According to the KBO register, the main activity is manufacture of chemicals and chemical products (NACE 20140).
What is the legal form of UMICORE?
Public limited company (NV).
When was UMICORE founded?
On 07-07-1904.
Is UMICORE still active?
Yes, UMICORE is an active enterprise in the KBO register.
How many employees does UMICORE have?
On average 3,209 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of UMICORE?
€5.43bn in financial year 2025, according to the filed annual accounts.
Is UMICORE profitable?
In financial year 2025, UMICORE made a profit of €104.4m.
Where can I find the annual accounts of UMICORE?
UMICORE filed 75 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of UMICORE due?
By 31-07-2027, for financial year 2026.Timeline

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies

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