ACTIVE

Covestro

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Financial year 2025 · closed on 31/12/2025

Net result

32 M €

+8.0% YoY

Revenue

1,2 Md €

-10.5% YoY

Equity

361,9 M €

+9.4% YoY

Workforce

950,0 ETP

+1.5% YoY

What does Covestro do?

Covestro is a Public limited company incorporated in 2015. Its main activity is: Manufacture of other inorganic basic chemicals. Its registered office is in Antwerpen. It employs on average 950,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0627.857.343

Incorporation

02/04/2015

Legal form

Public limited company

Registered office

Scheldelaan 420
2040 Antwerpen · FlandreSee on map

Contributed capital

150 806 156,96 €

Latest accounts

31/12/2025

Average workforce

950,0 ETP

Activities (NACE)

20130Manufacture of other inorganic basic chemicals· main 20130Manufacture of other inorganic basic chemicals 20140Manufacture of other organic basic chemicals 20140Manufacture of other organic basic chemicals 20160Manufacture of plastics in primary forms 20160Manufacture of plastics in primary forms

Joint committees (2)

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 10 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016
Income statement
Revenue	1,2 Md €	-10.5%	1,3 Md €	+5.3%	1,3 Md €	-19.4%	1,6 Md €	+23.4%	1,3 Md €	+37.2%	918,3 M €	-18.4%	1,1 Md €	-2.4%	1,2 Md €	+5.5%	1,1 Md €	+17.4%	930,3 M €
EBITDA	92,2 M €	-6.7%	98,9 M €	+8.4%	91,3 M €	+4.2%	87,6 M €	+4.7%	83,7 M €	+7.8%	77,6 M €	-21.1%	98,4 M €	-2.6%	101 M €	-1.3%	102,2 M €	+20.1%	85,1 M €
Operating result	41,4 M €	-0.6%	41,7 M €	+0.8%	41,4 M €	-2.3%	42,3 M €	-9.1%	46,6 M €	+12.4%	41,4 M €	-32.4%	61,3 M €	+2.4%	59,9 M €	+8.4%	55,3 M €	+44.5%	38,3 M €
Net result	32 M €	+8.0%	29,6 M €	-12.0%	33,6 M €	+9.7%	30,7 M €	-10.6%	34,3 M €	+10.5%	31 M €	-27.8%	43 M €	+6.8%	40,3 M €	+19.1%	33,8 M €	+57.6%	21,5 M €
Balance sheet
Equity	361,9 M €	+9.4%	330,9 M €	+9.4%	302,5 M €	-12.4%	345,1 M €	+10.4%	312,6 M €	-9.0%	343,5 M €	+9.9%	312,7 M €	+15.8%	270 M €	+16.0%	232,9 M €	+15.0%	202,5 M €
Total assets	624,6 M €	+4.5%	597,9 M €	+5.9%	564,7 M €	+6.4%	530,8 M €	-8.9%	582,8 M €	+13.2%	515 M €	-2.0%	525,4 M €	+8.3%	485 M €	+7.1%	452,9 M €	+14.2%	396,5 M €
Cash	–		–		–		127,6 k €	-1.4%	129,4 k €	-1.0%	130,7 k €	-0.2%	131 k €	+47.5%	88,8 k €		–		–
Debts	220,2 M €	-6.8%	236,2 M €	+0.7%	234,5 M €	+47.6%	158,9 M €	-36.0%	248,2 M €	+67.3%	148,4 M €	-21.7%	189,6 M €	-4.6%	198,6 M €	-1.3%	201,1 M €	+16.1%	173,2 M €
Other
Workforce	950,0 ETP	+1.5%	935,8 ETP	+3.2%	906,9 ETP	+2.9%	881,3 ETP	+3.2%	853,8 ETP	-1.4%	865,7 ETP	+1.6%	851,7 ETP	+3.6%	822,5 ETP	+2.6%	801,7 ETP	+0.8%	795,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 12 ended

Active mandates

Susanne Buchholz

Director · since 01 janvier 2025

Active

Ended mandates

Esther Valero Arnal

Director · since 16 avril 2020 · until 17 avril 2025

Ended

Esther VALERO ARNAL

Director · since 16 avril 2020 · until 19 septembre 2022

Ended

Georg Wagner

Managing director · since 01 décembre 2019 · until 17 avril 2025

Ended

Georg WAGNER

Bestuurder · since 01 décembre 2019 · until 01 janvier 2025

Ended

At this address

Other companies at this address

Company	CBE no.
Envalior● Active	0867.573.542
FRX Polymers (Europe)● Active	0840.960.108

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	05/05/2026	18/05/2025	07/05/2024	25/05/2023	09/05/2022	10/05/2021
General meeting	16/04/2026	17/04/2025	18/04/2024	20/04/2023	21/04/2022	15/04/2021
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

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	16/04/2026	05/05/2026	Dutch	PDF
Full model	31/12/2024	17/04/2025	18/05/2025	Dutch	PDF
Full model	31/12/2023	18/04/2024	07/05/2024	Dutch	PDF
Full model	31/12/2022	20/04/2023	25/05/2023	Dutch	PDF
Full model	31/12/2021	21/04/2022	09/05/2022	Dutch	PDF
Full model	31/12/2020	15/04/2021	10/05/2021	Dutch	PDF
Full model	31/12/2019	16/04/2020	11/05/2020	Dutch	PDF
Full model	31/12/2018	18/04/2019	27/05/2019	Dutch	PDF
Full model	31/12/2017	22/06/2018	25/06/2018	Dutch	PDF
Full model	31/12/2016	02/06/2017	09/06/2017	Dutch	PDF
Full model	31/12/2015	03/06/2016	27/06/2016	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 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 31/12/2025 · 1 active · 12 ended

Active mandates

Susanne Buchholz

Director · since 01 janvier 2025

Active

Ended mandates

Esther Valero Arnal

Director · since 16 avril 2020 · until 17 avril 2025

Ended

Esther VALERO ARNAL

Director · since 16 avril 2020 · until 19 septembre 2022

Ended

Georg Wagner

Managing director · since 01 décembre 2019 · until 17 avril 2025

Ended

Georg WAGNER

Bestuurder · since 01 décembre 2019 · until 01 janvier 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates19/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/09/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/09/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/05/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/11/2020
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 202532 M €↑
01/01/2025
nominationSusanne Buchholz — enige bestuurder
2024
Annual accounts 202429,6 M €↓
2023
Annual accounts 202333,6 M €↑
2022
Annual accounts 202230,7 M €↓
19/09/2022
nominationGeorg Rudolf WAGNER — enige bestuurder
2021
Annual accounts 202134,3 M €↑
2020
Annual accounts 202031 M €↓
2019
Annual accounts 201943 M €↑
2018
Annual accounts 201840,3 M €↑
2017
Annual accounts 201733,8 M €↑
2016
Annual accounts 201621,5 M €
02/04/2015
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

Covestro

Overview

What does Covestro do?

Trend over 10 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