Ranking · Flanders · NACE 20
Manufacture of chemicals and chemical products: highest revenue in Flanders
As of 14 Nov 2026, 205 companies in Manufacture of chemicals and chemical products (NACE 20) in Flanders publish their revenue in recent accounts (financial years 2024 to 2026). The top 10 account for €12.5bn, out of €27.4bn for all of them; median revenue is €32.9m. BASF Antwerpen leads with €5.69bn (financial year 2025).
Top 50 · Manufacture of chemicals and chemical products · Flanders
Ranked by revenue published in the latest filed accounts (accounts less than 3 years old).
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | BASF Antwerpen 2040 Antwerp | €2.38bn | €5.69bn | €998.9m | 3,640.9 | 2025 |
| 2 | Covestro 2040 Antwerp | €624.6m | €1.18bn | €361.9m | 950.0 | 2025 |
| 3 | Vynova Belgium 3980 Tessenderlo-Ham | €489.4m | €884.1m | €204.4m | 553.0 | 2024 |
| 4 | EuroChem Antwerpen 2040 Antwerp | €411.3m | €772.4m | €314.4m | 405.6 | 2025 |
| 5 | Soudal 2300 Turnhout | €604.4m | €768.5m | €158.2m | 1,148.1 | 2025 |
| 6 | Envalior 2040 Antwerp | €398.9m | €724.0m | €189.7m | 757.6 | 2025 |
| 7 | Oleon 9940 Evergem | €602.5m | €713.4m | €233.9m | 571.0 | 2024 |
| 8 | Ineos 2070 Beveren-Kruibeke-Zwijndrecht | €390.0m | €627.3m | €268.1m | 467.1 | 2025 |
| 9 | Evonik Oxeno Antwerpen NV 2040 Antwerp | €142.2m | €605.5m | −€11.6m | 93.4 | 2025 |
| 10 | Evonik Antwerpen 2040 Antwerp | €331.9m | €583.2m | €61.5m | 904.5 | 2025 |
| 11 | Air Liquide Industries Belgium 1932 Zaventem | €475.8m | €573.8m | €265.2m | 269.4 | 2025 |
| 12 | Taminco 9000 Ghent | €434.0m | €527.2m | €100.8m | 405.3 | 2025 |
| 13 | Solutia Europe 9000 Ghent | €1.58bn | €436.0m | €1.30bn | 333.3 | 2025 |
| 14 | Agfa-Gevaert 2640 Mortsel | €1.27bn | €423.3m | €67.9m | 1,420.4 | 2025 |
| 15 | Lubrizol Advanced Materials Europe 2260 Westerlo | €1.12bn | €394.0m | €949.1m | 301.3 | 2025 |
| 16 | Molymet Belgium 9000 Ghent | €183.3m | €381.5m | €72.1m | — | 2024 |
| 17 | AGFA 2640 Mortsel | €362.1m | €374.7m | €66.7m | 246.5 | 2025 |
| 18 | TotalEnergies Olefins Antwerp 2030 Antwerp | €346.4m | €369.2m | €75.3m | 315.1 | 2025 |
| 19 | Nippon Shokubai Europe 2070 Beveren-Kruibeke-Zwijndrecht | €244.0m | €339.7m | €191.1m | 197.7 | 2026 |
| 20 | Kaneka Belgium 2260 Westerlo | €307.7m | €335.1m | €257.8m | 323.8 | 2026 |
| 21 | Rain Carbon 9060 Zelzate | €182.7m | €325.0m | €119.9m | 177.6 | 2025 |
| 22 | Capsugel Belgium 2880 Bornem | €673.9m | €307.8m | €369.9m | 473.8 | 2025 |
| 23 | JBF Global Europe 2430 Laakdal | €166.8m | €298.5m | −€21.0m | 91.7 | 2025 |
| 24 | Shell Catalysts & Technologies Belgium 9000 Ghent | €167.5m | €284.2m | €101.1m | 115.0 | 2025 |
| 25 | Air Liquide Large Industry 1932 Zaventem | €164.3m | €283.6m | €125.7m | 54.9 | 2025 |
| 26 | Alco Energy Ghent 9042 Ghent | €87.8m | €277.0m | €72.8m | 48.2 | 2025 |
| 27 | Fujifilm Electronic Materials (Europe) 2070 Beveren-Kruibeke-Zwijndrecht | €268.6m | €248.8m | €189.9m | 225.0 | 2026 |
| 28 | Triferto Belgium 9052 Ghent | €83.8m | €221.0m | €15.9m | 19.7 | 2025 |
| 29 | Air Products 1831 Machelen (Brab.) | €704.4m | €220.8m | €631.3m | 258.3 | 2025 |
| 30 | Kronos Europe 9000 Ghent | €208.8m | €212.5m | €52.4m | 286.7 | 2025 |
| 31 | Ineos Styrolution Belgium 2040 Antwerp | €126.2m | €209.5m | €53.1m | 341.0 | 2025 |
| 32 | Borealis Polymers 3583 Beringen | €246.4m | €207.8m | €172.9m | 580.2 | 2025 |
| 33 | Allnex Belgium 1620 Drogenbos | €1.89bn | €202.7m | €891.1m | 299.7 | 2025 |
| 34 | ISK Biosciences Europe 1831 Machelen (Brab.) | €168.1m | €199.3m | €79.9m | — | 2025 |
| 35 | Bayer 1831 Machelen (Brab.) | €5.56bn | €175.2m | €5.53bn | 153.9 | 2025 |
| 36 | JSR Micro 3001 Leuven | €144.7m | €174.6m | €109.6m | 213.1 | 2026 |
| 37 | Nippon Sanso Belgium 2250 Olen | €238.1m | €174.1m | €183.4m | 279.3 | 2026 |
| 38 | Basf DOW Hppo Production 2040 Antwerp | €157.3m | €173.0m | €90.4m | — | 2025 |
| 39 | Borealis Kallo 3583 Beringen | €2.06bn | €163.8m | €340.5m | 320.2 | 2025 |
| 40 | Rousselot 9000 Ghent | €96.3m | €160.7m | €39.6m | 205.2 | 2026 |
| 41 | Desotec 8800 Roeselare | €326.4m | €160.5m | €52.3m | 228.0 | 2025 |
| 42 | Akzo Nobel Paints Belgium 1800 Vilvoorde | €145.2m | €145.1m | €46.9m | 300.3 | 2025 |
| 43 | INEOS Aromatics Belgium 2440 Geel | €326.0m | €142.2m | €268.4m | 277.9 | 2025 |
| 44 | Imerys Graphite & Carbon Belgium 2830 Willebroek | €204.5m | €141.5m | €97.2m | 142.5 | 2025 |
| 45 | L'Air liquide Belge 1932 Zaventem | €86.7m | €126.7m | €43.8m | 304.7 | 2025 |
| 46 | CID Lines 8900 Ypres | €97.1m | €126.4m | €65.3m | 161.9 | 2025 |
| 47 | LANXESS Belgium 9130 Beveren-Kruibeke-Zwijndrecht | €297.5m | €118.1m | €270.3m | 211.3 | 2025 |
| 48 | TotalEnergies Polymers Antwerp 2030 Antwerp | €79.2m | €118.1m | €40.4m | 150.9 | 2025 |
| 49 | Unilin Resins 9042 Ghent | €46.7m | €116.5m | €28.5m | 32.0 | 2025 |
| 50 | Eftec 3600 Genk | €47.5m | €114.5m | €1.44m | 87.7 | 2025 |
Ranking based on each company's own annual accounts (statutory, not consolidated): a subsidiary and its parent appear separately, and the ranking differs from lists based on consolidated group accounts. These are the revenue figures published in the annual accounts. Small companies (micro and abridged accounts) do not have to publish theirs: they do not appear in this ranking.
Manufacture of chemicals and chemical products across Belgium → All sectors · Flanders →
Other sectors · Flanders
- 01 Crop and animal production, hunting and related service activities202
- 08 Other mining and quarrying23
- 10 Manufacture of food products504
- 11 Manufacture of beverages47
- 13 Manufacture of textiles114
- 14 Manufacture of wearing apparel23
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials66
- 17 Manufacture of paper and paper products58
- 18 Printing and reproduction of recorded media75
- 21 Manufacture of basic pharmaceutical products and pharmaceutical preparations30
- 22 Manufacture of rubber and plastic products153
- 23 Manufacture of other non-metallic mineral products151
- 24 Manufacture of basic metals72
- 25 Manufacture of fabricated metal products, except machinery and equipment346
- 26 Manufacture of computer, electronic and optical products96
- 27 Manufacture of electrical equipment63
- 28 Manufacture of machinery and equipment n.e.c.164
- 29 Manufacture of motor vehicles, trailers and semi-trailers58
- 30 Manufacture of other transport equipment22
- 31 Manufacture of furniture74
- 32 Other manufacturing73
- 33 Repair, maintenance and installation of machinery and equipment130
- 35 Electricity, gas, steam and air conditioning supply146
- 37 Sewerage18
- 38 Waste collection, recovery and disposal activities156
- 41 Construction of residential and non-residential buildings882
- 42 Civil engineering222
- 43 Specialised construction activities1,336
- 46 Wholesale trade2,897
- 47 Retail trade1,541
- 49 Land transport and transport via pipelines791
- 50 Water transport49
- 51 Air transport17
- 52 Warehousing, storage and support activities for transportation466
- 53 Postal and courier activities50
- 55 Accommodation104
- 56 Food and beverage service activities500
- 58 Publishing activities56
- 59 Motion picture, video and television programme production, sound recording and music publishing activities67
- 60 Programming, broadcasting, news agency and other content distribution activities10
- 61 Telecommunication45
- 62 Computer programming, consultancy and related activities1,005
- 63 Computing infrastructure, data processing, hosting and other information service activities57
- 64 Financial service activities, except insurance and pension funding1,456
- 66 Activities auxiliary to financial services and insurance activities150
- 68 Real estate activities1,139
- 69 Legal and accounting activities293
- 70 Activities of head offices and management consultancy1,101
- 71 Architectural and engineering activities; technical testing and analysis290
- 72 Scientific research and development43
- 73 Activities of advertising, market research and public relations207
- 74 Other professional, scientific and technical activities72
- 75 Veterinary activities20
- 77 Rental and leasing activities175
- 78 Employment activities135
- 79 Travel agency, tour operator and other reservation service and related activities43
- 80 Investigation and security activities25
- 81 Services to buildings and landscape activities260
- 82 Office administrative, office support and other business support activities336
- 84 Public administration and defence; compulsory social security24
- 85 Education463
- 86 Human health activities386
- 87 Residential care activities347
- 88 Social work activities without accommodation243
- 90 Arts creation and performing arts activities179
- 91 Libraries, archives, museums and other cultural activities19
- 93 Sports activities and amusement and recreation activities144
- 94 Activities of membership organisations109
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles183
- 96 Personal service activities210
Municipalities with the most companies in the sector · Flanders
- 9000 Ghent22
- 2040 Antwerp (Berendrecht, Lillo, Zandvliet)13
- 8800 Roeselare (Beveren, Oekene, Rumbeke)11
- 3980 Tessenderlo-Ham (Tessenderlo)10
- 9042 Ghent (Desteldonk, Mendonk, Sint-Kruis-Winkel)10
- 2070 Beveren-Kruibeke-Zwijndrecht (Burcht, Zwijndrecht)9
- 3600 Genk8
- 8400 Ostend (Stene, Zandvoorde)8
- 2220 Heist-op-den-Berg (Hallaar)7
- 3560 Lummen (Linkhout, Meldert)7
- 9130 Beveren-Kruibeke-Zwijndrecht (Doel, Kallo, Kieldrecht, …)7
- 9810 Nazareth-De Pinte (Eke, Nazareth)7
Frequently asked questions
Which company in Manufacture of chemicals and chemical products in Flanders has the highest revenue?
BASF Antwerpen, with €5.69bn of published revenue (financial year 2025).
Why are some companies missing?
Small companies (micro and abridged accounts) do not have to publish their revenue: only the 205 that publish it, out of 554 companies in the sector in the area, are ranked.
Why does this ranking differ from other lists?
It uses each company's annual accounts as filed with the National Bank, not consolidated group accounts. A holding, a subsidiary or a purchasing entity can therefore appear separately. Only companies whose latest accounts are less than 3 years old are ranked.
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Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 14 Nov 2026.