Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
Financials
Financial year 2024
SYENSQO from Brussel, company number BE0798896453, closed financial year 2024 with a result of € -215.4 million after tax. Compared with financial year 2023, the result moved from € -299.6 million to € -215.4 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 19, 2025.
€ 7.6 billion
▼ 6% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -215.4 million
▲ 28 % less loss than in 2023
Profit after tax over the fiscal year.
€ 230 million
▼ 34% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 5.2 billion.
People and assets in 2024
357.9
▼ 1.7 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 95.8 million
▲ 136% vs 2023
€ 267,500 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.
€ 2 million
▲ 25% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 1.1 billion
▼ 35% vs 2023
Loans from banks and other lenders, long and short.
€ 112.5 million
▲ 61% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 85 days on average.
€ 101.7 million
▼ 17% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|
| Profit after taxes | € -299,629,303 | € -215,396,727 | ▲ € 84.2 million |
| Equity | € 8,030,878,514 | € 7,581,490,997 | ▼ 6% |
| Total debts | € 3,551,813,422 | € 2,991,822,688 | ▼ 16% |
| Cash | € 349,281,697 | € 229,976,451 | ▼ 34% |
| Land & buildings | € 51,063,080 | € 56,705,305 | ▲ 11% |
| Retained profit | € 5,657,648,043 | € 5,208,260,526 | ▼ 8% |
| Dividend | € 171,519,796 | € 170,153,345 | ▼ 1% |
| Bank debt | € 1,610,770,672 | € 1,050,506,571 | ▼ 35% |
| Balance sheet total | € 11,673,326,721 | € 10,693,460,843 | ▼ 8% |
| Employees (FTE) | 359.6 | 357.9 | ▼ 1.7 |
Key figures of SYENSQO, fiscal years 2023 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to SYENSQO?
What happened at SYENSQO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Heike Van de Kerkhof stepped down as director. NBB
- Rosemary Thorne stepped down as director. NBB
- Julian Waldron stepped down as director. NBB
- Nadine Leslie stepped down as director. NBB
- Mary Meaney stepped down as director. NBB
- Ilham Kadri stepped down as director. NBB
- Matti Lievonen stepped down as director. NBB
- Roeland Baan stepped down as director. NBB
In short
From € 299.6 million loss in 2023 to € 215.4 million loss in 2024.
Paid € 12.2 million in corporate taxes since 2023.
Paid out € 341.7 million in dividends to the owners in total.
Pays suppliers within 85 days on average.
A new publication or filing at SYENSQO? We notify you, reason included.
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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
The shares are held by Solvac (31.1%), Blackrock Inc (3.6%), Standard investments LLC (3%), Norges Bank (3%) and Syensqo Stock Option Management (0.6%). It owns 100% of SOLVAY SPECIALTY POLYMERS ITALY S.P.A., 100% of Solvay Finance (Luxembourg), 100% of Solvay Kemija d.o.o., 100% of Rhodia Holdings Ltd, 100% of Solvay Istanbul Kimya Ltd STI and 100% of Solvay Solutions Italia S.p.A. itself.
Directors
According to the 2024 annual accounts
Heike Van de Kerkhof
Director
since 2023 · until 2027
Rosemary Thorne
Director
since 2023 · until 2027
Julian Waldron
Director
since 2023 · until 2027
Nadine Leslie
Director
since 2023 · until 2027
Mary Meaney
Director
since 2023 · until 2027
Ilham Kadri
Director
since 2023 · until 2027
Matti Lievonen
Director
since 2023 · until 2027
Roeland Baan
Director
since 2023 · until 2027
Edouard Janssen
Director
since 2023 · until 2027
Françoise de Viron
Director
since 2023 · until 2027
Shareholders
31.1%
Blackrock Inc
3.6%
Standard investments LLC
3%
Norges Bank
3%
Participations
SOLVAY SPECIALTY POLYMERS ITALY S.P.A.
100%
Solvay Finance (Luxembourg)
100%
Solvay Kemija d.o.o.
100%
Rhodia Holdings Ltd
100%
Solvay Istanbul Kimya Ltd STI
100%
Solvay Solutions Italia S.p.A.
100%
Solvay CR s.r.o.
100%
Solvay Bucharest srl
100%
SOLVAY SERVICIOS, S.L.
100%
Solvay Ltd (Shanghaï)
90%
Solvay Holding Inc
48%
SOFINNOVA GREEN SEED FUND
22.2%
Solvay France
15.7%
Conduit Ventures II Ltd
13.9%
Establishments
Establishment units
Physical locations of this company
Raketstraat 98
1130 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →SYENSQO PARTICIPATIONS BELGIQUE same network
EECO HOLDING
SYENSQO SPECIALTY POLYMERS BELGIUM same network
€ 219.3 million revenue · 2023
Syensqo Stock Option Management same network
€ 600,000 revenue · 2025
Fonds Hannon bis
+3 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
- 0798.896.453
- VAT number
- BE 0798.896.453
- Registered office
- Raketstraat 98, 1130 Brussel
- Names & denominations
- SYENSQO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 February 2023
- Peppol
- Active · Active since 18 Dec 2025
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige financiële dienstverlening, neg
Overige zakelijke dienstverlening, neg
Activiteiten van adviesbureaus op het gebied van public relations en communicatie
Handel in eigen onroerend goed
Adviesbureaus op het gebied van public relations en communicatie
+1