ACTIVE

INOVYN Manufacturing Belgium

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Financial year 2025 · closed on 31/12/2025

Net result

8,9 M €

-15.8% YoY

Revenue

396,8 M €

+3.4% YoY

Equity

97,2 M €

+0.1% YoY

Workforce

657,0 ETP

-2.7% YoY

What does INOVYN Manufacturing Belgium do?

INOVYN Manufacturing Belgium is a Public limited company incorporated in 1949. Its main activity is: Manufacture of industrial gases. Its registered office is in Jemeppe-sur-Sambre. It employs on average 657,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.147.638

Incorporation

01/01/1949

Legal form

Public limited company

Registered office

Rue Solvay 39
5190 Jemeppe-sur-Sambre · WallonieSee on map

Contributed capital

81 475 822,00 €

Latest accounts

31/12/2025

Average workforce

657,0 ETP

Activities (NACE)

20110Manufacture of industrial gases· main 20110Manufacture of industrial gases 20160Manufacture of plastics in primary forms 20160Manufacture of plastics in primary forms 24160Manufacture of basic iron and steel and of ferro-alloys 20160Manufacture of plastics in primary forms+1

Joint committees (2)

Signals

ProfitablePositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2021		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	396,8 M €	+3.4%	383,8 M €	-12.0%	436 M €	-12.2%	496,3 M €	-15.6%	587,8 M €	+3.6%	567,5 M €	+7.6%	527,6 M €	-3.5%	546,7 M €	+10.1%	496,4 M €	-3.4%	514,1 M €	+2.4%	502,3 M €	+34.5%	373,5 M €	-28.2%	520 M €	-1.6%	528,7 M €
EBITDA	58,4 M €	+2.7%	56,9 M €	-0.0%	56,9 M €	-25.3%	76,2 M €	-45.7%	140,3 M €	+46.6%	95,7 M €	+259%	26,6 M €	-0.8%	26,8 M €	+3.1%	26 M €	-9.2%	28,7 M €	-50.8%	58,3 M €	+136%	24,7 M €	-61.1%	63,5 M €	-30.6%	91,5 M €
Operating result	30 M €	+0.8%	29,8 M €	+31.7%	22,6 M €	-52.7%	47,7 M €	-56.4%	109,5 M €	+51.2%	72,4 M €	+3879%	1,8 M €	+173%	-2,5 M €	-556%	545,1 k €	-80.0%	2,7 M €	-92.1%	34,4 M €	+348%	7,7 M €	-74.9%	30,6 M €	-52.5%	64,4 M €
Net result	8,9 M €	-15.8%	10,6 M €	+22.8%	8,6 M €	-74.1%	33,2 M €	-55.8%	75 M €	+49.5%	50,2 M €	+2393%	-2,2 M €	+41.7%	-3,8 M €	-375%	1,4 M €	-30.4%	2 M €	-88.6%	17,2 M €	+600%	2,5 M €	-89.1%	22,6 M €	-50.3%	45,5 M €
Balance sheet
Equity	97,2 M €	+0.1%	97 M €	-0.4%	97,4 M €	-36.5%	153,4 M €	-25.4%	205,7 M €	+57.3%	130,8 M €	+62.2%	80,6 M €	+12.2%	71,8 M €	-5.1%	75,7 M €	+1.7%	74,4 M €	-0.2%	74,6 M €	-1.2%	75,5 M €	+0.6%	75,1 M €	-0.8%	75,6 M €
Total assets	460,1 M €	-11.8%	521,8 M €	+1.8%	512,7 M €	-8.4%	559,5 M €	+25.9%	444,5 M €	+24.0%	358,6 M €	+32.4%	270,8 M €	+3.2%	262,4 M €	-0.2%	263 M €	+8.8%	241,8 M €	+2.4%	236,1 M €	+8.9%	216,9 M €	-8.0%	235,6 M €	-22.7%	304,6 M €
Cash	2,3 M €	-36.6%	3,6 M €	+69.8%	2,1 M €	-21.7%	2,7 M €	-66.1%	7,9 M €	-18.7%	9,7 M €		–		1,7 k €	+2.9%	1,6 k €	-54.2%	3,6 k €	-99.6%	859,5 k €		–		–		13,4 k €
Debts	294,1 M €	-18.8%	362,2 M €	+9.5%	330,8 M €	+0.5%	329,1 M €	+104%	161,5 M €	+13.7%	142 M €	+44.7%	98,2 M €	-22.1%	126 M €	+2.9%	122,5 M €	+21.5%	100,8 M €	+10.5%	91,2 M €	+29.4%	70,5 M €	-18.1%	86,1 M €	-44.1%	153,9 M €
Other
Workforce	657,0 ETP	-2.7%	675,1 ETP	-0.1%	675,8 ETP	+3.2%	654,7 ETP	+17.3%	558,3 ETP	-1.1%	564,7 ETP	+0.8%	560,2 ETP	+0.4%	558,2 ETP	-4.0%	581,3 ETP	-5.3%	613,7 ETP	-1.8%	624,8 ETP	-2.3%	639,5 ETP	-2.2%	654,2 ETP	-1.2%	662,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 100 M€ and 250 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2016 · 5 active · 18 ended

Active mandates

Mike MAHER

Director · since 02 juillet 2015 · until 02 juillet 2021

Active

Natacha MELCHIOR

Director · since 02 juillet 2015 · until 02 juillet 2021

Active

Otto GROLIG

Director · since 02 juillet 2015 · until 02 juillet 2021

Active

Alain HANNEUSE

Managing director · since 05 mai 2011 · until 02 juin 2017

Active

Philippe TARANTI

Chairman of the board of directors · since 05 mai 2011 · until 02 juin 2017

Active

Ended mandates

Michel TCHAPIAN

Director · since 15 novembre 2010 · until 03 juin 2011

Ended

Smith WAYNE

Director · since 15 novembre 2010 · until 03 juin 2011

Ended

Vincenzo MORICI

Chairman of the board of directors · since 01 mars 2010 · until 03 juin 2011

Ended

Christiane MALCORPS

Director · since 01 février 2009 · until 03 juin 2011

Ended

At this address

Other companies at this address

Company	CBE no.
CAISSE MEDICALE ET SOCIALE EMPLOYES CADRES SOLVAY JEMEPPE● Active	0885.779.254
FONDS D'ENTRAIDE OUVRIERS DE L'USINE DE SOLVAY JEMEPPE● Active	0863.487.565
Groupement des Employés Solvay - Solvic de l'Usine Solvay de Jemeppe● Active	0410.696.911
INEOS VINYLS BELGIUM● Active	0429.158.682
INOVYN Belgium● Active	0466.279.394
INOVYN Trade Services● Active	0548.858.563
INOVYN UNITY● Active	0724.548.131

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/06/2026	18/06/2025	12/06/2024	09/06/2023	30/06/2022	09/06/2021
General meeting	05/06/2026	06/06/2025	07/06/2024	02/06/2023	03/06/2022	04/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

42 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	05/06/2026	09/06/2026	French	PDF
Full model	31/12/2025	05/06/2026	09/06/2026	Dutch	PDF
Full model	31/12/2024	06/06/2025	18/06/2025	French	PDF
Full model	31/12/2024	06/06/2025	18/06/2025	Dutch	PDF
Full model	31/12/2023	07/06/2024	12/06/2024	French	PDF
Full model	31/12/2023	07/06/2024	12/06/2024	Dutch	PDF
Full model	31/12/2022	02/06/2023	09/06/2023	French	PDF
Full model	31/12/2022	02/06/2023	09/06/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	30/06/2022	Dutch	PDF
Full model	31/12/2021	03/06/2022	30/06/2022	French	PDF
Full model	31/12/2020	04/06/2021	09/06/2021	Dutch	PDF
Full model	31/12/2020	04/06/2021	08/06/2021	French	PDF
Full model	31/12/2019	05/06/2020	08/07/2020	French	PDF
Full model	31/12/2019	05/06/2020	08/07/2020	Dutch	PDF
Full model	31/12/2018	07/06/2019	30/07/2019	French	PDF
Full model	31/12/2018	07/06/2019	30/07/2019	Dutch	PDF
Full model	31/12/2017	01/06/2018	14/06/2018	Dutch	PDF
Full model	31/12/2017	01/06/2018	14/06/2018	French	PDF
Full model	31/12/2016	02/06/2017	13/06/2017	French	PDF
Full model	31/12/2016	02/06/2017	13/06/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	27/06/2016	Dutch	PDF
Full model	31/12/2015	03/06/2016	27/06/2016	French	PDF
Full model	31/12/2014	22/07/2015	27/07/2015	Dutch	PDF
Full model	31/12/2014	22/07/2015	27/07/2015	French	PDF

View all 42 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 M€ and 250 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2016 · 5 active · 18 ended

Active mandates

Mike MAHER

Director · since 02 juillet 2015 · until 02 juillet 2021

Active

Natacha MELCHIOR

Director · since 02 juillet 2015 · until 02 juillet 2021

Active

Otto GROLIG

Director · since 02 juillet 2015 · until 02 juillet 2021

Active

Alain HANNEUSE

Managing director · since 05 mai 2011 · until 02 juin 2017

Active

Philippe TARANTI

Chairman of the board of directors · since 05 mai 2011 · until 02 juin 2017

Active

Ended mandates

Michel TCHAPIAN

Director · since 15 novembre 2010 · until 03 juin 2011

Ended

Smith WAYNE

Director · since 15 novembre 2010 · until 03 juin 2011

Ended

Vincenzo MORICI

Chairman of the board of directors · since 01 mars 2010 · until 03 juin 2011

Ended

Christiane MALCORPS

Director · since 01 février 2009 · until 03 juin 2011

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates09/04/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates31/12/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates22/07/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates15/05/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates12/07/2023
DEMISSIONS, NOMINATIONS
PDF
Other06/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other06/01/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates28/06/2022
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

10/02/2026
nominationPierre Minguet — administrateur
2025
Annual accounts 20258,9 M €↓
06/06/2025
reconductionCorine Magnin — Commissaire
2024
Annual accounts 202410,6 M €↑
2023
Annual accounts 20238,6 M €↓
05/06/2023
nominationPhilippe Taranti — Président du conseil d'administration, administrateur-délégué
02/06/2023
reconductionPhilippe Taranti — administrateur
02/06/2023
reconductionLuc Van Opstal — administrateur
03/06/2022
reconductionCorine Magnin — représentante de la société de réviseurs Deloitte
2021
Annual accounts 202133,2 M €↓
01/03/2021
nominationDavid James (dénommé Dave) Horrocks — administrateur
31/10/2017
nominationLuc van Opstal — administrateur
31/10/2017
reconductionPhilippe Taranti — administrateur
2016
Annual accounts 201675 M €↑
2015
Annual accounts 201550,2 M €↑
2014
Annual accounts 2014-2,2 M €↑
2014
Name changeINOVYN Manufacturing Belgium
2013
Annual accounts 2013-3,8 M €↓
2012
Annual accounts 20121,4 M €↓
2011
Annual accounts 20112 M €↓
2010
Annual accounts 201017,2 M €↑
2009
Annual accounts 20092,5 M €↓
2008
Annual accounts 200822,6 M €↓
2007
Annual accounts 200745,5 M €
2007
Name changeSOLVIC
01/01/1949
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

INOVYN Manufacturing Belgium

Overview

What does INOVYN Manufacturing Belgium do?

Trend over 14 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline