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Belgium
In shortSolvay is profitable, generates cash and carries moderate debt, with revenue shrinking (−14.8% last year).
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 8.4% | 45/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 4.5% | 38/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 17.2% | 86/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 8.9% | 59/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.30× | 42/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 1.52× | 27/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 3.69× | 9/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 4.01× | 24/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | – | n/a |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 6.7% | 47/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 1.47× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 2 of 4 | 17/100 |
| Revenue growth volatility | 44.7% | 0/100 |
| Operating margin volatility | 8.0% | 37/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | -23.4% | 0/100 |
|---|---|---|
| EPS growth, 3-year average | 184.4% | 100/100 |
Weight in the score: 10%
Fiscal year 2024 · change vs prior year
European data comes from annual reports in ESEF format (since 2020). Industry and ticker are not provided by this source.
Annual figures as reported. Hover a bar or point for the exact value.
The last 5 fiscal years from the company's annual reports.
EUR millions; negative values in parentheses.
| Fiscal year | FY20 | FY21 | FY22 | FY23 | FY24 |
|---|---|---|---|---|---|
| Revenue | 9,714 | 11,434 | 16,071 | 6,024 | 5,130 |
| Cost of revenue | 7,207 | 8,508 | 12,042 | 4,642 | 3,984 |
| Gross profit | 2,507 | 2,926 | 4,029 | 1,382 | 1,146 |
| Research & development | 300 | 325 | 357 | 47 | 34 |
| Operating income | (665) | 1,190 | 2,221 | 278 | 433 |
| Interest expense | 114 | 107 | 118 | 71 | 108 |
| Pre-tax income | (844) | 1,094 | 2,151 | 180 | 320 |
| Income tax | 248 | 110 | 217 | 208 | 87 |
| Net income | (962) | 948 | 1,905 | 2,105 | 233 |
| Diluted EPS | −€9.32 | €9.13 | €18.30 | €1,985.00 | €210.00 |
Not computed: a required balance-sheet item is missing.
4/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: filings.xbrl.org (ESEF). Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Dec 31, 2024 · Data updated Apr 4, 2025