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Ineos

Active
Public limited companyfounded 1995active for 31 yearsNieuwe Weg 1, 2070 Beveren-Kruibeke-Zwijndrecht, BelgiumKBO/BCE: BE 0454.443.614
Summary

Ineos has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €268.1m and a net result of €37.0m. Equity is growing by about 7.3% per year across the filed financial years. Its solvency ranks better than 73% of 319 sector peers (NACE 20, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Manufacture of chemicals and chemical products
NACE 20140
#1 company by total assets in Beveren-Kruibeke-Zwijndrecht, Manufacturing sector1 site
Size
€627.3mturnover 2025
Staff
467.1 FTE
Equity
€268.1m
Profit
€37.0m
Financial health
92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
Ineos Group Holdings SA
Accounts 59 days early2 of 48 deeds read
Why 92raises riskLiquidity: current ratio 1.00, cash €1.1m, halvedlowers riskFounded in 1995Size: turnover €627.3m, 467.1 FTE, total assets €390.0mEquity €268.1m (68.7% of total assets)Show the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 59% of its sector peers (NACE 20, large)
Financial strength · tick = 2024
Strong
Solvency 94+14
equity 68.7% of total assets
Liquidity 37+8
short-term debt 30.9% · cash 0.3%
Profitability 80+3
return on assets 9.5%
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 0.3% (44 companies, NACE 20, large)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.2%▲ +0.1 percentage points vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025highest value 07-2025: 0.1%▼ -0.1 percentage points 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 09-2025 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 01-2026lowest value 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 €24,650,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 1.0, compared with 0.97 in 2024; short-term debt: 30.9% and cash: 0.3% of total assets), and 31.3% of the assets are financed with debt.
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 72% on solvency, 41% on liquidity, 79% on profitability and 44% on growth.

The bankruptcy probability was computed on 09-10-2026 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 1.00, cash €1.1m, halved
NBB · annual accounts
lowers risk · Founded in 1995
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: turnover €627.3m, 467.1 FTE, total assets €390.0m
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €268.1m (68.7% of total assets)
NBB · annual accounts
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 02-06-2026, 59 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
59 days early
2024
57 days early
2023
43 days early
2022
42 days early
2021
33 days early
2020
44 days early
2019
9 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 41 days before the deadline; the sector median (NACE 20) for financial year 2024 is 22 days before the deadline, and 27% 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 19 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Permanent representatives: Ine Nuyts and Corine…Power of attorney
  2. Annual accounts filedfinancial year 2025 · full…
  3. MiscellaneousShareholding

Key points

  • Positive: Company by total assets in Beveren-Kruibeke-Zwijndrecht, Manufacturing sectorin the Checked rankings #1 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Positive: 8 profitable years in a rowprofit 2025: €37.0m 8 years View
  • Controlled by Ineos Group Holdings SAknown shareholders 100% parent View
  • Flemish supportawarded 2023 - 2025 €2.0m View

By topic

Financials

Financial year
2025
Turnover
€627.3m
Profit
€37.0m
Solvency
68.7%
Turnover▼ 9.3%
Net result
20182025
Go to Financials

Timeline

Events
35
Since
1997
Next accounts
by 31-07-2027
  1. 04-06-2025Annual accounts filed
  2. 18-06-2024Annual accounts filed
  3. 19-06-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of chemicals and chemical productsNACE 20140
Founded
16-02-1995
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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