Financials
Financial year 2025
UMICORE from Brussel, company number BE0401574852, closed financial year 2025 with a result of € 104.4 million after tax. For that financial year UMICORE recorded revenue of € 5.4 billion and equity of € 2.1 billion. Compared with financial year 2024, the result moved from € -222.8 million to € 104.4 million. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 18, 2026.
€ 2.1 billion
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 104.4 million
▲ still € 222.8 million loss in 2024
Profit after tax over the fiscal year.
€ 8.9 million
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 120.3 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
3,209
▼ 113.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 406.6 million
▲ 1% vs 2024
€ 126,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 13.8 million
▼ 15% vs 2024
Of which on lease € 1.7 million.
Debts at end 2025
€ 2.3 billion
▼ 15% vs 2024
€ 50 million is repaid this year. At this pace the long-term loan is gone in ≈ 44 years.
€ 778.1 million
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 54 days on average.
€ 95.2 million
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,525,169,560 | € 4,229,051,162 | € 3,757,623,410 | € 5,428,389,984 | ▲ 44% |
| Profit after taxes | € 296,681,253 | € 268,439,268 | € -222,804,758 | € 104,369,438 | ▲ € 327.2 million |
| Equity | € 2,396,402,264 | € 2,468,344,151 | € 2,122,105,910 | € 2,104,982,951 | ▼ 1% |
| Total debts | € 3,598,066,907 | € 3,548,861,223 | € 4,317,540,981 | € 3,939,386,288 | ▼ 9% |
| Cash | € 4,603,094 | € 8,011,993 | € 55,848,757 | € 8,887,178 | ▼ 84% |
| Land & buildings | € 172,957,077 | € 171,085,194 | € 177,796,799 | € 168,177,627 | ▼ 5% |
| Retained profit | € 988,116,210 | € 1,064,195,705 | € 721,132,224 | € 705,175,223 | ▼ 2% |
| Dividend | € 192,240,672 | € 192,359,774 | € 120,258,723 | € 120,326,439 | |
| Bank debt | € 2,373,426,686 | € 2,342,950,697 | € 2,761,467,860 | € 2,343,901,244 | ▼ 15% |
| Balance sheet total | € 6,174,747,685 | € 6,228,013,137 | € 6,682,227,462 | € 6,261,113,928 | ▼ 6% |
| Employees (FTE) | 3,077.4 | 3,255.7 | 3,322.9 | 3,209 | ▼ 113.9 |
Key figures of UMICORE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to UMICORE?
What happened at UMICORE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- MARTINA MERZ stepped down as director. NBB
- ALISON HENWOOD stepped down as director. NBB
- MICHAEL BREDAEL stepped down as director. NBB
- BIRGIT BEHRENDT stepped down as director. NBB
- FREDERIC OUDEA stepped down as director. NBB
- THOMAS LEYSEN stepped down as director. NBB
- KOENRAAD DE BACKERE stepped down as director. NBB
- PHILIP EYCKERMAN stepped down as director. NBB
In short
From € 296.7 million profit in 2022 to € 104.4 million profit in 2025.
Paid € 24.1 million in corporate taxes since 2022.
Best year ever: 2022, with € 296.7 million profit.
Paid out € 625.2 million in dividends to the owners in total.
Management
The stake of Financiele Diensten en Verzekeringen comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
UMICOREThe shares are held by Groupe Bruxelles Lambert S.A. (8%), Norges Bank (5.3%), BLACK ROCK (5.1%), SFPIM (5%), Silchester International Investors LLP (5%) and Bank of America Corporation (3.4%). It owns 100% of Umicore USA, 100% of UMICORE INNOVATION CENTER CHINA, 100% of UMICORE AUTOCAT CANADA CORP., 100% of Umicore International, 100% of Umicore Holding 2 Germany Gmbh and 100% of Umicore Australia PTY LTD (previous UMS Australia) itself.
Directors
According to the 2025 annual accounts
MARC GRYNBERG
Director
since 2023 · until 2026
BIRGIT BEHRENDT
Director
since 2024 · until 2027
MARK GARRETT
Director
since 2024 · until 2025
FRANCOISE CHOMBAR
Director
since 2025 · until 2026
FREDERIC OUDEA
Director
since 2024 · until 2027
MARTINA MERZ
Director
since 2025 · until 2028
LAURENT RAETS
Director
since 2022 · until 2025
ALISON HENWOOD
Director
since 2025 · until 2028
THOMAS LEYSEN
Chairman of the board
Also active at: World Wide Fund for Nature - Belgium, Capstone Partners, MEDIACORE, FRIENDS OF EUROPE, TOWNHALL EUROPE – Davignon Centre for New Leadership, FONDS BAILLET LATOUR
since 2024 · until 2027
KOENRAAD DE BACKERE
Director
since 2024 · until 2027
PHILIP EYCKERMAN
Director
since 2024 · until 2027
since 2025 · until 2028
Shareholders
Norges Bank
5.3%
BLACK ROCK
5.1%
5%
Silchester International Investors LLP
5%
Bank of America Corporation
3.4%
JP Morgan Asset Management Holdings Inc. c/o CT Corporation
3.4%
Millennium International Management LP c/o The Corporation Trust Company
3.1%
2.4%
Participations
Umicore USA
100%
UMICORE INNOVATION CENTER CHINA
100%
UMICORE AUTOCAT CANADA CORP.
100%
Umicore International
100%
Umicore Holding 2 Germany Gmbh
100%
Umicore Australia PTY LTD (previous UMS Australia)
100%
UMICORE FINLAND OY
100%
Umicore Hexagone (previous Umicore France)
100%
UMICORE (SUZHOU) SEMICONDUCTOR MATERIALS Co Ltd
100%
Umicore Taiwan CO LTD (previous UMS Taiwan)
100%
Umicore Holding 1 Germany Gmbh
100%
Umicore Holdings Philippines
100%
Umicore Argentina
98%
Establishments
Establishment units
Physical locations of this company
Broekstraat 31
1000 Brussel
Adolf Greinerstraat 14
2660 Antwerpen
Active since 28 December 1989
Watertorenstraat 33
2250 Olen
Active since 1 February 1990
Industrieweg 34 box 3
2280 Grobbendonk
Active since 20 February 2018
Watertorenstraat 37A
2250 Olen
Active since 1 June 2021
Rendelaar z/n
2250 Olen
Active since 8 December 2005
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →UMICORE MARKETING SERVICES BELGIUM
Groupement des Fabricants Belges de Sulfate de Cuivre
UMICORE FINANCIAL SERVICES
PRIVATE SECURITY ASSOCIATION
Umicore Battery Materials same network
+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.574.852
- VAT number
- BE 0401.574.852
- Registered office
- Broekstraat 31, 1000 Brussel
- Names & denominations
- UMICORE · UM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 1904
- Peppol
- Active · Active since 13 Jun 2025
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