Financials
- Financial year
- 2025
- Total assets
- €1.82bn
- Loss
- -€18.8m
- Solvency
- 82.5%
Total assets▲ 46×
Net result
20242025
Umicore Battery Materials
ActiveSummary
The annual accounts of Umicore Battery Materials for financial year 2025 show a net loss of 86% of the equity at the start of that year. The 2025 annual accounts show equity of €1.50bn and a net result of -€18.8m. Its solvency ranks better than 83% of 144 sector peers (NACE 24, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Activity
Manufacture of basic metals
NACE 24450Activities of head offices NACE 70100
2nd largest company by equity in Belgium, Basic metals sector2 sites
Size
€1.82bntotal assets 2025
- Equity
- €1.50bn
- Loss
- -€18.8m
Structure
- Parent
- UMICORE · 100%
- Holdings
- 12
- Karena CancilleriDirector
- Olivier GhyssensDirector
- PEFEROEN WannesDirector
Auditor: EY Réviseurs d’Entreprises SRL2025 accounts 74 days early
Why 57raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLiquidity: current ratio 0.80Founded in 2023Sector: Manufacture of basic metals (NACE 24)lowers riskSize: total assets €1.82bnShow the evidence
Checked score
Score 2025
57
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 78% of its sector peers (all companies)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency
100+20
equity 82.5% of total assets
Liquidity
95+38
short-term debt 14.1%
Profitability
35-2
return on assets -1.0%
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 2.5%
12-2024: 2.8%▲ +0.3 percentage points vs 11-2024
01-2025: 2.8%● unchanged vs 12-2024
02-2025: 2.7%▼ -0.1 percentage points vs 01-2025
03-2025: 3.0%▲ +0.3 percentage points vs 02-2025
04-2025: 3.1%▲ +0.1 percentage points vs 03-2025
05-2025: 3.1%● unchanged vs 04-2025highest value
06-2025: 1.1%▼ -2.0 percentage points vs 05-2025lowest value
07-2025: 1.1%● unchanged vs 06-2025lowest value
08-2025: 1.1%● unchanged vs 07-2025lowest value
09-2025: 1.1%● unchanged vs 08-2025lowest value
10-2025: 1.1%● unchanged vs 09-2025lowest value
11-2025: 1.3%▲ +0.2 percentage points vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.2%▼ -0.1 percentage points vs 12-2025
02-2026: 1.1%▼ -0.1 percentage points vs 01-2026
03-2026: 1.2%▲ +0.1 percentage points vs 02-2026
04-2026: 1.2%● unchanged vs 03-2026
05-2026: 1.2%● unchanged vs 04-2026
06-2026: 1.3%▲ +0.1 percentage points vs 05-2026
07-2026: 1.3%● unchanged vs 06-2026
08-2026: 1.3%● unchanged vs 07-2026
09-2026: 1.3%● unchanged vs 08-2026
10-2026: 1.3%● unchanged vs 09-2026
Credit of up to €85,600,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.8, compared with 0.0 in 2024, below 1; short-term debt: 14.1% of total assets), and 17.5% 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 (all companies): better than 93% on solvency, 97% on liquidity, 22% on profitability and 99% on growth.
The bankruptcy probability was computed on 26-10-2026 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
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 · 2 filingsDeviation from the deadline
2025
74 days early
2024
85 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 80 days before the deadline; the sector median (NACE 24) for financial year 2024 is 15 days before the deadline, and 29% 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.
Companies Code · seven monthsWhere today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · full…
- Capital & shares · Amendment of…Capital increase · Capital ·…
- Capital & shares · Amendment of…Approval · Capital increase ·…
Key points
- Caution: Result fell in 2025from -€107,676 to -€18.8m ▼ 17,399% View
- Caution: Among the weakest 6% on net resultsector median €89,665 · 145 companies -€18.8m View
- Board changedlatest change 07-01-2026 · 3 in office 2 joined · 1 left View
- Controlled by UMICOREthe company in turn controls 9 companies 100% View
By topic
Board & ownership
- Board
- 3 members
- Parent
- UMICORE · 100%
- Auditor
- EY Réviseurs d’Entreprises SRL
- Karena CancilleriDirector
- Olivier GhyssensDirector
- PEFEROEN WannesDirector
Network & group
- Subsidiaries
- 9
- Direct holdings
- 12
12 holdings
Timeline
- Events
- 19
- Since
- 2023
- Next accounts
- by 31-07-2027
- 28-01-2026Resignations: Bart Sap (director) and Wannes Peferoen…
- 28-01-2026Resignations: Bart Sap (director) and Wannes Peferoen…
- 09-01-2026Capital & shares · Amendment of the…
Company details
- Sites
- 2
- Legal form
- Public limited company
- Activity
- Manufacture of basic metalsNACE 24450
- Founded
- 26-04-2023
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 16
- Who signs
- Two directors jointly
- Annual meeting
- Third Wednesday of April at 15:00
Key facts about Umicore Battery Materials
- What is the company number of Umicore Battery Materials?
- 0801.174.864. In Belgium the VAT number is the company number with BE in front: BE 0801.174.864.
- Where is Umicore Battery Materials based?
- The registered office is at Broekstraat 31, 1000 Brussel.Company details
- What does Umicore Battery Materials do?
- According to the KBO register, the main activity is manufacture of basic metals (NACE 24450).
- What is the legal form of Umicore Battery Materials?
- Public limited company (NV).
- When was Umicore Battery Materials founded?
- On 26-04-2023.
- Is Umicore Battery Materials still active?
- Yes, Umicore Battery Materials is an active enterprise in the KBO register.
- What is the turnover of Umicore Battery Materials?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is Umicore Battery Materials profitable?
- In financial year 2025, Umicore Battery Materials made a loss of €18.8m.
- Where can I find the annual accounts of Umicore Battery Materials?
- Umicore Battery Materials filed 2 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Umicore Battery Materials due?
- By 31-07-2027, for financial year 2026.Timeline
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