{
 "as_of": "2026-11-11",
 "cmr": "be-cm-kg/XBRU/BE0003739530",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# UCB (Euronext Brussels: BE0003739530) — research page\n\nAs of 2026-11-11 · be-cm-kg · record version 1\n\n## Identity and listing\n\nThe issuer is UCB, listed on Euronext Brussels under ticker BE0003739530, with ISIN BE0003739530 and LEI 2138008J191VLSGY5A09. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 18 filings in the twelve months to 2026-11-11, across 14 filing days. The median gap between filing days is 9 days. The latest filing is 20 days before the record date, and the latest filing is dated 2026-10-22, of type Inside information. Euronext Brussels has 115 issuers with a median cadence gap of 19.0 days, a median of 13 filings, and a median latency of 21.5 days. Sector peer figures for this market are not on the record.\n\n## Auditor\n\nThe auditor of record is not on the record, and neither is its location. The market's record does not carry auditor changes.\n\n## Events and halts\n\nThe record carries no listing, delisting, name change, domicile change or segment move, because the market has no lifecycle type map yet. The issuer is listed, not halted.\n\n## Orderability\n\nThe orderability outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/be/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.\n\n## Coverage\n\nThe issuer's investor-relations page names 21 research houses: AlphaValue, Barclays, Berenberg, BNPP Exane, BofA, Cowen, Deutsche Bank, Goldman Sachs, ING, Jefferies, JP Morgan, KBC, Kempen, Kepler Cheuvreux, Morgan Stanley, Degroof Petercam, Intron Health, ODDO BHF, Redburn, UBS and Wolfe Research.\n\n## Open research\n\nNo openly published research notes were found for the issuer.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, the market has no earliest sealed date, and the live record began on no date given.\n\n## Sources\n\n7 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://firds.esma.europa.eu/firds/ (identity.exchange)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.be-cm-kg.ai/events/XBRU/BE0003739530 (the disclosure lines)\n- https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current) (the halt flag)\n- https://be.eu-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.ucb.com/investors/shareholders/UCB-analyst-contacts (coverage)\n- https://mcp.be-cm-kg.ai/record/XBRU/BE0003739530 (the record)\n",
 "market": "BE",
 "node": "be-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the BE vintage is not sealed; the record is the live record as of 2026-11-11",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "market": "BE",
    "state": "not_on_record"
   },
   "auditor_firm_id": {
    "market": "BE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "BE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "be-cm-kg/XBRU/BE0003739530",
  "coverage": {
   "count": 21,
   "houses": [
    {
     "analyst": "Abhishek Raval",
     "house": "AlphaValue",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Charles Pitman-King",
     "house": "Barclays",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Kerry Holford",
     "house": "Berenberg",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Peter Verdult",
     "house": "BNPP Exane",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Charlie Haywood",
     "house": "BofA",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Stacy Ku",
     "house": "Cowen",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Emmanuel Papadakis",
     "house": "Deutsche Bank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Rajan Sharma",
     "house": "Goldman Sachs",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Maxime Stranart",
     "house": "ING",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Michael Leuchten",
     "house": "Jefferies",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Richard Vosser",
     "house": "JP Morgan",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Mathijs Geerts Danau",
     "house": "KBC",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Sebastiaan van der Schoot",
     "house": "Kempen",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "David Evans",
     "house": "Kepler Cheuvreux",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Thibault Boutherin",
     "house": "Morgan Stanley",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "David Seynnaeve",
     "house": "Degroof Petercam",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Naresh Chouhan",
     "house": "Intron Health",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Martial Descoutures",
     "house": "ODDO BHF",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Qize Ding",
     "house": "Redburn",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Xian Deng",
     "house": "UBS",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    },
    {
     "analyst": "Rudy Li",
     "house": "Wolfe Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts",
     "result": "read: 21 of 36 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 115,
     "median_cadence_gap_days": 19,
     "median_filings": 13,
     "median_latency_days": 21.5,
     "name": "Euronext Brussels"
    },
    "sector": {
     "market": "BE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "Announcement of acquisition of own shares": 5,
    "Announcement of notification of major shareholding": 2,
    "Annual announcement": 1,
    "Annual financial report": 1,
    "Half-yearly financial report": 1,
    "Inside information": 4,
    "Minutes of extraordinary general meeting": 1,
    "Minutes of ordinary general meeting": 1,
    "Notice of ordinary general meeting": 1,
    "Special report drawn up in relation to authorized capital": 1
   },
   "cadence_median_gap_days": 9,
   "filing_days": 14,
   "filings": 18,
   "latency_days": 20,
   "latest": [
    {
     "category": "Inside information",
     "date": "2026-10-22",
     "source": "https://webapi.fsma.be/api/v1/en/stori/download?fileDataId=aa37ecd8-b044-44a7-949c-d064107fc3b3",
     "title": "UCB PR Guidance October 22 2026 ENG.pdf",
     "type": "Inside information"
    },
    {
     "category": "Announcement of notification of major shareholding",
     "date": "2026-10-19",
     "source": "https://webapi.fsma.be/api/v1/en/stori/download?fileDataId=31890268-a65c-4a41-8d43-fffc99b41499",
     "title": "EN PR Wellington.pdf",
     "type": "Announcement of notification of major shareholding"
    },
    {
     "category": "Announcement of notification of major shareholding",
     "date": "2026-08-31",
     "source": "https://webapi.fsma.be/api/v1/en/stori/download?fileDataId=9bda1034-a254-44fd-b756-72339c86e95e",
     "title": "EN Transparency PR Wellington 25.08.26.pdf",
     "type": "Announcement of notification of major shareholding"
    },
    {
     "category": "Half-yearly financial report",
     "date": "2026-07-30",
     "source": "https://webapi.fsma.be/api/v1/en/stori/download?fileDataId=27758c26-a033-4a4b-877f-5c6d7479bcc9",
     "title": "260729_HY Management Report_2026-EN.pdf",
     "type": "Half-yearly financial report"
    },
    {
     "category": "Minutes of extraordinary general meeting",
     "date": "2026-05-13",
     "source": "https://webapi.fsma.be/api/v1/en/stori/download?fileDataId=8aa88b56-8c9b-4380-aaab-2840444e9145",
     "title": "EN EGM 2026 Minutes.pdf",
     "type": "Minutes of extraordinary general meeting"
    }
   ],
   "latest_filing_date": "2026-10-22",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.be-cm-kg.ai/events/XBRU/BE0003739530",
   "window": {
    "from": "2025-11-11",
    "to": "2026-11-11"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "eu-sources/be/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "Euronext Brussels"
   },
   "isin": {
    "read_by": "eu-sources/be/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "BE0003739530"
   },
   "jurisdiction": {
    "market": "BE",
    "state": "not_on_record"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-12",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN BE0003739530)",
    "state": "sourced",
    "value": "2138008J191VLSGY5A09"
   },
   "name": {
    "read_by": "eu-sources/be/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "UCB"
   },
   "sector": {
    "market": "BE",
    "state": "not_on_record"
   },
   "security_type": {
    "market": "BE",
    "state": "not_on_record"
   },
   "segment": {
    "market": "BE",
    "state": "not_on_record"
   },
   "ticker": {
    "read_by": "eu-sources/be/roster.py (FIRDS https://registers.esma.europa.eu/solr/esma_registers_firds_files/select)",
    "read_date": "2026-11-11",
    "read_date_basis": "the record version as_of",
    "source": "https://firds.esma.europa.eu/firds/ (ESMA FIRDS FULINS_E 2026-11-07: FULINS_E_20261107_01of02.zip, FULINS_E_20261107_02of02.zip)",
    "state": "sourced",
    "value": "BE0003739530"
   },
   "website": {
    "market": "BE",
    "state": "not_on_record"
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  },
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    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
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    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "BE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "BE",
  "node": "be-cm-kg",
  "numbers_hash": "sha256:fa2b5f82711b8ffc5b8694d068207b6f76616b0814a8b5286fae4a0013e02d39",
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   "rows": [],
   "state": "none_found"
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  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [],
   "determinable": false,
   "read": {
    "chapter": "https://be.eu-cm-kg.ai/book/aio.json",
    "door": "https://be.eu-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "reason": "the chapter's orderability section carries no client_categories: the outcome cannot name its client category",
   "rule_version": "acm-68000/be/mifid-ii-product-governance/r1",
   "section": "be.aio.v6"
  },
  "record": {
   "as_of": "2026-11-11",
   "url": "https://mcp.be-cm-kg.ai/record/XBRU/BE0003739530",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-12",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current)",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:fa2b5f82711b8ffc5b8694d068207b6f76616b0814a8b5286fae4a0013e02d39",
 "path": "/be/XBRU/BE0003739530",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "The issuer is UCB, listed on Euronext Brussels under ticker BE0003739530, with ISIN BE0003739530 and LEI 2138008J191VLSGY5A09. Its security type, segment, sector and jurisdiction are not on the record. Its listing status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 18 filings in the twelve months to 2026-11-11, across 14 filing days. The median gap between filing days is 9 days. The latest filing is 20 days before the record date, and the latest filing is dated 2026-10-22, of type Inside information. Euronext Brussels has 115 issuers with a median cadence gap of 19.0 days, a median of 13 filings, and a median latency of 21.5 days. Sector peer figures for this market are not on the record.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is not on the record, and neither is its location. The market's record does not carry auditor changes.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "The record carries no listing, delisting, name change, domicile change or segment move, because the market has no lifecycle type map yet. The issuer is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The orderability outcome is not determinable. The chapter's orderability section carries no client categories, so the outcome cannot name its client category. The rule version is acm-68000/be/mifid-ii-product-governance/r1, and the chapter is as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "The issuer's investor-relations page names 21 research houses: AlphaValue, Barclays, Berenberg, BNPP Exane, BofA, Cowen, Deutsche Bank, Goldman Sachs, ING, Jefferies, JP Morgan, KBC, Kempen, Kepler Cheuvreux, Morgan Stanley, Degroof Petercam, Intron Health, ODDO BHF, Redburn, UBS and Wolfe Research.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "No openly published research notes were found for the issuer.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, the market has no earliest sealed date, and the live record began on no date given.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "7 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://firds.esma.europa.eu/firds/"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.be-cm-kg.ai/events/XBRU/BE0003739530"
  },
  {
   "for": "the halt flag",
   "source": "https://live.euronext.com/en/ajax/haltedInstrument/getAjax/current (page: https://live.euronext.com/en/resources/market-events/suspended/current)"
  },
  {
   "for": "the orderability chapter",
   "source": "https://be.eu-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.ucb.com/investors/shareholders/UCB-analyst-contacts"
  },
  {
   "for": "the record",
   "source": "https://mcp.be-cm-kg.ai/record/XBRU/BE0003739530"
  }
 ],
 "title": "UCB (BE0003739530) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}