Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Covestro from Antwerpen, company number BE0627857343, closed financial year 2025 with a result of € 32 million after tax. For that financial year Covestro recorded revenue of € 1.2 billion and equity of € 361.9 million. Compared with financial year 2024, the result moved from € 29.6 million to € 32 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 5, 2026.
€ 361.9 million
▲ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 32 million
▲ 8% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 210.2 million.
People and assets in 2025
950
▲ 14.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 144.5 million
▼ 2% vs 2024
€ 152,100 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.
€ 6.6 million
▼ 11% vs 2024
Of which on lease € 1 million.
Debts at end 2025
€ 53.8 million
▲ 45% vs 2024
€ 3.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 138.1 million
▼ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 52 days on average.
€ 26.3 million
▼ 15% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,554,467,769 | € 1,253,311,053 | € 1,319,163,244 | € 1,180,710,494 | ▼ 10% |
| Profit after taxes | € 30,657,930 | € 33,643,316 | € 29,607,129 | € 31,976,256 | ▲ 8% |
| Equity | € 345,143,680 | € 302,471,065 | € 330,940,776 | € 361,943,432 | ▲ 9% |
| Total debts | € 162,524,896 | € 238,331,937 | € 239,884,222 | € 224,620,051 | ▼ 6% |
| Cash | € 127,612 | - | - | - | |
| Land & buildings | € 7,384,446 | € 9,043,773 | € 11,641,955 | € 11,508,633 | ▼ 1% |
| Retained profit | € 192,449,523 | € 149,776,908 | € 178,246,619 | € 210,222,875 | ▲ 18% |
| Dividend | € 0 | € 75,000,000 | € 0 | € 0 | |
| Bank debt | € 22,992,236 | € 55,048,778 | € 36,971,204 | € 53,753,373 | ▲ 45% |
| Balance sheet total | € 530,752,586 | € 564,744,718 | € 597,892,528 | € 624,602,538 | ▲ 4% |
| Employees (FTE) | 881.3 | 906.9 | 935.8 | 950 | ▲ 14.2 |
Key figures of Covestro, 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 Covestro?
What happened at Covestro in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 32 million (▲ 8% vs 2024). Source: NBB ↗
- Susanne Buchholz became a director. NBB
- New establishment in Brussel. KBO
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 30.7 million profit in 2022 to € 32 million profit in 2025.
Paid € 41.4 million in corporate taxes since 2022.
Best year ever: 2023, with € 33.6 million profit.
Paid out € 75 million in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
Susanne Buchholz
Director
since 2025
Establishments
Establishment units
Physical locations of this company
Scheldelaan 420
2040 Antwerpen
de Meeûssquare 1
1000 Brussel
Active since 1 September 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
MICROSOFT-CORP-MSN-AS-BLOCK - Microsoft Corporation, US
Website info
Features
Security
Details
- Company number
- 0627.857.343
- VAT number
- BE 0627.857.343
- Registered office
- Scheldelaan 420, 2040 Antwerpen
- Names & denominations
- Covestro
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 2 April 2015
- Peppol
- Active · Active since 8 Dec 2025
- Contact
- covestro.be +32 3 540 30 11
- Activities · NACE
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