Cellcom
Annual accounts 2025
micro format, filed on 31-12-2025, 31 days before the deadline€13,474
▼ 94.1%
-€42,344
▼ €247,561
-€52,534
▼ €210,811
-€419,020
▼ €151,205
6.2%
▼ 12.4 percentage points
0.11
▼ 0.16
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €100,000. Estimated: probably between €47,000 and €250,000.
Balance sheet
balance sheet total €500,021 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
6.2%
Higher than 22% of 334 companies in 2025.
0.11
Lower than 95% of 322 companies in 2025.
-10.5%
Higher than 16% of 326 companies in 2025.
Cellcom
Middle half of the sector
80% of the sector
Micro accounts in telecommunications (NACE 61)
Net result: bottom quarter · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
20/58 |
500,021 | 448,642 | 479,935 | 204,390 | 197,406 | 163,360 | 168,369 | 124,319 | 109,861 | 99,640 | |
21/28 |
450,294 | 351,522 | 367,201 | 5,348 | 5,705 | 11,534 | 17,016 | 1,731 | 8,205 | 15,793 | |
21 |
- | - | - | - | - | - | - | - | - | 679 | |
22/27 |
450,294 | 351,522 | 367,201 | 5,348 | 5,705 | 11,534 | 17,016 | 1,731 | 8,205 | 15,114 | |
22 |
320,155 | 338,988 | 357,838 | 86 | 155 | 224 | 293 | 362 | 431 | 500 | |
23 |
9,598 | 11,068 | 8,435 | 5,054 | - | - | - | - | 23 | 113 | |
24 |
120,542 | 1,466 | 928 | 208 | 5,549 | 11,310 | 16,723 | 1,369 | 7,751 | 14,501 | |
29/58 |
49,727 | 97,120 | 112,734 | 199,042 | 191,702 | 151,826 | 151,353 | 122,588 | 101,656 | 83,847 | |
40/41 |
15,444 | 9,343 | 67,843 | 15,782 | 1,835 | 13,053 | 3,783 | 521 | 3,050 | 1,587 | |
40 |
3,607 | 2,501 | 8,075 | 8,605 | 121 | 2,393 | 2,622 | 521 | 1,500 | 497 | |
41 |
11,837 | 6,842 | 59,768 | 7,177 | 1,714 | 10,660 | 1,161 | - | 1,551 | 1,090 | |
54/58 |
31,408 | 87,283 | 44,619 | 183,002 | 189,613 | 138,522 | 147,191 | 119,604 | 96,728 | 81,277 | |
490/1 |
2,875 | 494 | 272 | 258 | 254 | 251 | 379 | 2,463 | 1,878 | 982 | |
| Balance sheet: equity and liabilities | |||||||||||
10/49 |
500,021 | 448,642 | 479,935 | 204,390 | 197,406 | 163,360 | 168,369 | 124,319 | 109,861 | 99,640 | |
10/15 |
30,835 | 83,369 | 83,091 | 83,091 | 83,091 | 82,995 | 82,839 | 106,769 | 95,758 | 91,046 | |
10/11 |
75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | |
100 |
- | - | - | - | - | 75,000 | 75,000 | 75,000 | 75,000 | 75,000 | |
11 |
75,000 | 75,000 | 75,000 | 75,000 | 75,000 | - | - | - | - | - | |
1109/19 |
75,000 | 75,000 | 75,000 | 75,000 | 75,000 | - | - | - | - | - | |
13 |
7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | |
130/1 |
7,500 | 7,500 | 7,500 | 7,500 | 7,500 | - | - | - | - | - | |
130 |
- | - | - | - | - | 7,500 | 7,500 | 7,500 | 7,500 | 7,500 | |
1311 |
7,500 | 7,500 | 7,500 | 7,500 | 7,500 | - | - | - | - | - | |
14 |
-51,665 | 869 | 591 | 591 | 591 | 495 | 339 | 24,269 | 13,258 | 8,546 | |
17/49 |
469,186 | 365,273 | 396,844 | 121,299 | 114,315 | 80,365 | 85,530 | 17,550 | 14,103 | 8,594 | |
42/48 |
468,746 | 364,935 | 396,510 | 120,843 | 113,981 | 78,436 | 83,602 | 16,193 | 13,886 | 8,316 | |
44 |
209,198 | 204,600 | 314,820 | 17,690 | 9,903 | 8,212 | 13,840 | 12,125 | 9,847 | 5,810 | |
440/4 |
209,198 | 204,600 | 314,820 | 17,690 | 9,903 | 8,212 | 13,840 | 12,125 | 9,847 | 5,810 | |
45 |
294 | 1,989 | - | 3,413 | 3,079 | 2,374 | 1,688 | 3,809 | 4,039 | 2,505 | |
450/3 |
294 | 1,989 | - | 3,413 | 3,079 | 2,374 | 1,688 | 3,809 | 4,039 | 2,505 | |
47/48 |
259,255 | 158,346 | 81,690 | 99,740 | 101,000 | 67,850 | 68,075 | 260 | - | - | |
492/3 |
440 | 339 | 334 | 456 | 334 | 1,929 | 1,927 | 1,357 | 217 | 278 | |
| Income statement | |||||||||||
76A |
5,441 | - | - | 182 | - | - | 8,718 | - | - | - | |
9900 |
13,474 | 228,574 | 125,043 | 135,002 | 136,248 | 93,474 | 70,057 | 25,463 | 17,626 | 17,116 | |
630 |
52,792 | 22,103 | 20,585 | 6,180 | 5,829 | 5,829 | 5,800 | 6,474 | 7,589 | 9,790 | |
631/4 |
- | - | - | - | - | - | - | - | 1,443 | - | |
640/8 |
3,026 | 1,254 | 1,914 | 1,260 | 1,011 | 1,195 | 1,278 | 1,006 | 956 | 820 | |
9901 |
-42,344 | 205,217 | 102,544 | 127,561 | 129,408 | 86,449 | 62,980 | 17,983 | 7,638 | 6,506 | |
75/76B |
210 | 153 | 4 | 53 | 32 | 0 | 1 | 44 | 90 | 71 | |
75 |
210 | 153 | 4 | 53 | 32 | 0 | 1 | 44 | 90 | 71 | |
65/66B |
106 | 103 | 59 | 51 | 57 | 104 | 70 | 148 | 111 | 988 | |
65 |
106 | 103 | 59 | 51 | 57 | 104 | 70 | 148 | 111 | 988 | |
9903 |
-42,240 | 205,267 | 102,490 | 127,564 | 129,383 | 86,346 | 62,910 | 17,879 | 7,617 | 5,589 | |
67/77 |
10,294 | 46,989 | 21,146 | 27,823 | 28,286 | 18,340 | 18,839 | 6,869 | 2,905 | 1,996 | |
9904 |
-52,534 | 158,278 | 81,344 | 99,740 | 101,096 | 68,005 | 44,071 | 11,011 | 4,712 | 3,593 | |
9905 |
-52,534 | 158,278 | 81,344 | 99,740 | 101,096 | 68,005 | 44,071 | 11,011 | 4,712 | 3,593 | |
| Appropriation of the result | |||||||||||
9906 |
-51,665 | 158,869 | 81,935 | 100,331 | 101,591 | 68,345 | 68,339 | 24,269 | 13,258 | 16,046 | |
14P |
869 | 591 | 591 | 591 | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | - | - | 7,500 | |
6920 |
- | - | - | - | - | - | - | - | - | 7,500 | |
694/7 |
- | 158,000 | 81,344 | 99,740 | 101,000 | 67,850 | 68,000 | - | - | - | |
694 |
- | - | 81,344 | 99,740 | 101,000 | 67,850 | 68,000 | - | - | - | |
695 |
- | 158,000 | - | - | - | - | - | - | - | - | |
| Document | |||||||||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 31-12-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | micro format | 31-12-2025 | 2026-00001352 | |
| 30-06-2024 | micro format | 31-12-2024 | 2024-00627879 | |
| 30-06-2023 | micro format | 31-12-2023 | 2023-00540250 | |
| 30-06-2022 | micro format | 30-12-2022 | 2022-20549419 | |
| 30-06-2021 | micro format | 29-12-2021 | 2021-81900471 | |
| 30-06-2020 | micro format | 31-12-2020 | 2020-77500561 | |
| 30-06-2019 | micro format | 30-12-2019 | 2019-77800132 | |
| 30-06-2018 | micro format | 15-01-2019 | 2019-01200150 | |
| 30-06-2017 | micro format | 31-12-2017 | 2017-73600240 | |
| 30-06-2016 | abbreviated format | 30-12-2016 | 2016-71900461 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 10,448 | 227,320 | 123,129 | 133,742 | 135,237 | 92,279 | 68,780 | 24,457 | 15,227 | 16,296 | ||
| 258 | 180,381 | 101,929 | 105,921 | 106,926 | 73,835 | 49,871 | 17,485 | 12,300 | 13,382 | ||
| 151,565 | 6,424 | 382,438 | 5,824 | 0 | 347 | 22,368 | 0 | 0 | 2,412 | ||
| -55,875 | 42,664 | -138,383 | -6,611 | 51,091 | -8,669 | 27,586 | 22,877 | 15,451 | - | ||
| -419,020 | -267,815 | -283,776 | 78,199 | 77,720 | 73,390 | 67,750 | 106,395 | 87,770 | 75,531 | ||
| 6.2% | 18.6% | 17.3% | 40.7% | 42.1% | 50.8% | 49.2% | 85.9% | 87.2% | 91.4% | ||
| 0.11 | 0.27 | 0.28 | 1.65 | 1.68 | 1.94 | 1.81 | 7.57 | 7.32 | 10.08 | ||
| 15.22 | 4.38 | 4.78 | 1.46 | 1.38 | 0.97 | 1.03 | 0.16 | 0.15 | 0.09 | ||
| -170.4% | 189.9% | 97.9% | 120.0% | 121.7% | 81.9% | 53.2% | 10.3% | 4.9% | 3.9% | ||
| -10.5% | 35.3% | 16.9% | 48.8% | 51.2% | 41.6% | 26.2% | 8.9% | 4.3% | 3.6% | ||
| 98.55 | over 100 | over 100 | over 100 | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 30-06-2025 | 30-06-2024 | 30-06-2023 | 30-06-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €151,565 | €6,424 | €382,438 | €5,824 |
| €52,792 | €22,103 | €20,585 | €6,180 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on Cellcom
The operating result for 2025 is a loss of €42,344, after a profit of €205,217 in 2024. It is the lowest result since 2016.
Debt's share of the balance-sheet total rises from 81.4% to 93.8%. Equity is lower and debt is higher.