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SOLVAY

Active
Public limited companyfounded 1863162 years activeRansbeekstraat 310, 1120 Brussel, BelgiumKBO/BCE: BE 0403.091.220
Summary

SOLVAY has been active since 1863 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.63bn and a net result of €59.1m. Equity is shrinking by ~16.9% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 28% of 319 sector peers (NACE 20, fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Overview

Activity
Manufacture of chemicals and chemical products
NACE 20130Activities of head offices NACE 70100
#1 oldest company in Belgium, Manufacturing sector2 sites
Size
€72.2mturnover 2025
Staff
317 FTE
Equity
€1.63bn
Profit
€59.1m
Net result -74%: branch transferredStandalone figures, without subsidiaries
Financial health
84 Excellent Checked score 2025
Bankruptcy probability, 12 months
0.3%
Structure
Largest shareholder
Solvac · 30.81%
Board
15 members
Holdings
61
Auditor: Ernst et Young Reviseurs d'EntreprisesAccounts 66 days early
Why 84- Liquidity: current ratio 0.55, cash €59.9m+ Founded in 1863+ Size: turnover €72.2m, 317 FTE, total assets €4.88bn, files consolidated accounts+ Legal form Public limited companyShow the evidence

Checked score

Score 2025
84 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 29% of its sector peers (NACE 20, large)
Financial strength · tick = 2024
Weak
Solvency 58=
equity 33.4% of total assets
Liquidity 39+3
short-term debt 30.5% · cash 1.2%
Profitability 34-21
return on assets 1.2%
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)
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: 0.2%● unchanged vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.3%▲ +0.1 percentage points vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026highest value 08-2026: 0.3%● unchanged vs 07-2026highest value 09-2026: 0.3%● unchanged vs 08-2026highest value 10-2026: 0.3%● unchanged vs 09-2026highest value
Credit up to €7,200,000 at 30 days acceptable
Liquidity short (current ratio 0.55 against 0.53 in 2024; short-term debt: 30.5% and cash: 1.2% of total assets), and 66.6% 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 31% on solvency, 46% on liquidity, 26% on profitability and 15% on growth.

The bankruptcy probability was computed on 06-10-2026 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 risk+raises risk○neutral
raises risk · Liquidity: current ratio 0.55, cash €59.9m
NBB · annual accounts
lowers risk · Founded in 1863
How long the company has existed counts in the probability; how much depends on the rest of its profile.
KBO
lowers risk · Size: turnover €72.2m, 317 FTE, total assets €4.88bn, files consolidated accounts
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
lowers risk · Legal form Public limited company
KBO
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 26-05-2026, 66 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
66 days early
2024
76 days early
2023
62 days early
2022
81 days early
2021
80 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 73 days before the deadline; the sector median for financial year 2024 is 22 days before the deadline, and 27% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 16 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Checked from 2021 on.
KBO publications · our coverage
  1. Resignations & appointmentsPower of attorney
  2. Reappointment: Pierre Gurdjian (independent director)State Gazette act
  3. Resignations & appointmentsPower of attorney

Key points

  • Positive: Oldest company in Belgium, Manufacturing sectorin the Checked rankings #1 View
  • Heads a groupcompanies controlled · known shareholders 45.97% 80 View
  • Result fell in 2025branch transferred to Syensqo SA/NV ▼ 74.0% View
  • EU supportawarded 2022 - 2024 €6.0m View
  • Active since 1863founded 26-12-1863 162 years View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View
  • Positive: 5 profitable years in a rowprofit 2025: €59.1m 5 years View

By topic

Financials

Fiscal year
2025
Turnover
€72.2m
Profit
€59.1m
Solvency
33.4%
Turnover▼ 13.6%
Net result
20182025
Go to Financials

Board & ownership

Board
15 members
Largest shareholder
Solvac · 30.81%
Known shareholders
45.97%
Auditor
Ernst et Young Reviseurs…
Go to Board & ownership

Network & group

Subsidiaries
80
Holdings
61
Connected companies
34
Mergers and contributions
4

80 subsidiaries

Go to Network & group

Timeline

Events
114
Since
2004
Next accounts
by 31-07-2027
  1. 26-05-2026Annual accounts filed
  2. 26-05-2026Annual accounts filed
  3. 13-06-2025Reappointment: Wolfgang Colberg (director)
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Manufacture of chemicals and chemical productsNACE 20130
Founded
26-12-1863
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
Direct of indirect aandelen te bezitten en te beheren in vennootschappen, ondernemingen of…
Go to Articles of association

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