NOKIA BELL
ActiveSummary
NOKIA BELL has been active since 1918 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €131.8m and a net result of €34.1m. Equity is shrinking by ~5.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 169 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
This company filed its last 7 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 34% of the sector filed late.
Checked, nothing found (2)
History
Go further with this company
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, full schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 26, Manufacture of computer, electronic and optical products, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 321 companies that looked in July 2024 the way this one looks now, 0% went bankrupt within 24 months and 98% are still going.
- Large
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of < 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 321 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | €388.7m | €382.6m | €385.9m | €375.7m | ▼ 2.6% |
| Turnover70 | €220.8m | €192.3m | €197.3m | €195.6m | €186.6m | ▼ 4.6% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | €188,054 | -€666,933 | -€121,549 | -€35,985 | ▲ 70.4% |
| Own construction capitalised72 | - | €93.0m | €104.7m | €100.8m | €97.3m | ▼ 3.5% |
| Other operating income74 | - | €91.3m | €78.5m | €71.4m | €78.7m | ▲ 10.3% |
| Non-recurring operating income76A | - | €11.8m | €2.7m | €18.2m | €13.1m | ▼ 27.9% |
| Operating charges60/66A | - | €336.9m | €331.6m | €347.5m | €345.8m | ▼ 0.5% |
| Goods for resale, raw materials and consumables60 | - | €5.7m | €4.8m | €8.6m | €2.9m | ▼ 66.1% |
| Purchases600/8 | - | €6.1m | €4.8m | €8.7m | €3.0m | ▼ 65.9% |
| Change in stocks: decrease (increase)609 | - | -€323,769 | €30,341 | -€49,990 | -€33,203 | ▲ 33.6% |
| Services and other goods61 | - | €60.3m | €62.1m | €54.0m | €48.3m | ▼ 10.5% |
| Remuneration, social security and pensions62 | - | €174.5m | €168.8m | €176.6m | €181.7m | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €95.2m | €95.2m | €95.5m | €105.4m | €106.6m | ▲ 1.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€825,868 | -€61,928 | €0 | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €68,009 | -€251,537 | -€622,401 | €2.3m | ▲ 468% |
| Other operating charges640/8 | - | €582,576 | €546,596 | €553,885 | €962,518 | ▲ 73.8% |
| Non-recurring operating charges66A | - | €1.3m | €230,281 | €2.9m | €3.0m | ▲ 3.4% |
| Operating profit (loss)9901 | €39.6m | €51.9m | €50.9m | €38.4m | €29.9m | ▼ 22.0% |
| Financial income75/76B | - | €1.8m | €1.8m | €4.9m | €6.6m | ▲ 34.6% |
| Recurring financial income75 | €972,616 | €1.8m | €1.8m | €4.9m | €6.6m | ▲ 34.6% |
| Income from financial fixed assets750 | - | €10,470 | €313,187 | €2.9m | €2.3m | ▼ 21.2% |
| Income from current assets751 | - | €6,810 | €80,845 | €1.1m | €3.9m | ▲ 262% |
| Other financial income752/9 | - | €1.7m | €1.4m | €930,072 | €403,683 | ▼ 56.6% |
| Financial charges65/66B | - | €2.4m | €3.9m | €1.1m | €1.3m | ▲ 21.8% |
| Recurring financial charges65 | €1.0m | €2.4m | €1.9m | €1.1m | €1.3m | ▲ 21.8% |
| Other financial charges652/9 | - | €2.4m | €1.9m | €1.1m | €1.3m | ▲ 21.8% |
| Non-recurring financial charges66B | - | - | €2.0m | €0 | - | - |
| Profit (loss) for the period before taxes9903 | €39.5m | €51.2m | €48.8m | €42.2m | €35.3m | ▼ 16.5% |
| Income taxes67/77 | -€866,127 | - | - | - | €1.2m | - |
| Taxes670/3 | - | - | - | - | €1.2m | - |
| Profit (loss) for the period9904 | €40.4m | €51.2m | €48.8m | €42.2m | €34.1m | ▼ 19.4% |
| Profit (loss) for the period to be appropriated9905 | €40.4m | €51.2m | €48.8m | €42.2m | €34.1m | ▼ 19.4% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €328.2m | €399.0m | €392.4m | €337.7m | €254.8m | ▼ 24.6% |
| Fixed assets21/28 | €92.0m | €94.7m | €108.9m | €108.7m | €103.4m | ▼ 4.9% |
| Intangible fixed assets21 | €79.4m | €81.4m | €95.2m | €95.4m | €91.0m | ▼ 4.6% |
| Tangible fixed assets22/27 | €10.3m | €10.8m | €13.2m | €12.8m | €11.9m | ▼ 7.3% |
| Land and buildings22 | - | €2.0m | €2.0m | €1.7m | €1.2m | ▼ 27.9% |
| Plant, machinery and equipment23 | - | €7.5m | €10.1m | €8.8m | €9.0m | ▲ 2.7% |
| Furniture and vehicles24 | - | €935,599 | €670,041 | €1.4m | €1.0m | ▼ 29.8% |
| Other tangible fixed assets26 | - | €105,073 | €88,644 | €76,023 | €70,760 | ▼ 6.9% |
| Assets under construction and advance payments27 | - | €211,008 | €413,462 | €873,074 | €588,588 | ▼ 32.6% |
| Financial fixed assets28 | €2.3m | €2.5m | €483,360 | €512,900 | €512,900 | = |
| Affiliated companies280/1 | - | €2.5m | €483,360 | €483,360 | €483,360 | = |
| Participating interests280 | - | €2.5m | €483,360 | €483,360 | €483,360 | = |
| Other financial fixed assets284/8 | - | - | - | €29,540 | €29,540 | = |
| Amounts receivable and cash guarantees285/8 | - | - | - | €29,540 | €29,540 | = |
| Current assets29/58 | €236.1m | €304.3m | €283.5m | €229.0m | €151.4m | ▼ 33.9% |
| Amounts receivable after more than one year29 | - | €27.9m | €25.8m | €25.3m | €26.3m | ▲ 3.7% |
| Other amounts receivable291 | - | €27.9m | €25.8m | €25.3m | €26.3m | ▲ 3.7% |
| Stocks and contracts in progress3 | €399,101 | €1.6m | €882,955 | €812,325 | €808,613 | ▼ 0.5% |
| Stocks30/36 | - | €722,869 | €692,528 | €743,447 | €775,720 | ▲ 4.3% |
| Goods purchased for resale34 | - | €722,869 | €692,528 | €742,518 | €775,720 | ▲ 4.5% |
| Advance payments36 | - | - | - | €929 | €0 | ▼ 100% |
| Contracts in progress37 | - | €857,360 | €190,427 | €68,878 | €32,893 | ▼ 52.2% |
| Amounts receivable within one year40/41 | €195.5m | €250.0m | €244.0m | €200.7m | €120.1m | ▼ 40.2% |
| Trade receivables40 | - | €74.3m | €64.4m | €62.4m | €62.5m | ▲ 0.2% |
| Other amounts receivable41 | - | €175.7m | €179.6m | €138.3m | €57.6m | ▼ 58.4% |
| Cash at bank and in hand54/58 | €678,601 | €1.6m | €123,500 | €160,857 | €354,933 | ▲ 121% |
| Deferred charges and accrued income490/1 | - | €23.2m | €12.7m | €2.0m | €3.9m | ▲ 94.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €328.2m | €399.0m | €392.4m | €337.7m | €254.8m | ▼ 24.6% |
| Equity10/15 | €237.0m | €246.7m | €195.6m | €197.8m | €131.8m | ▼ 33.3% |
| Contributions10/11 | €25.0m | €25.0m | €25.0m | €25.0m | €25.0m | = |
| Capital10 | - | €25.0m | €25.0m | €25.0m | €25.0m | = |
| Issued capital100 | - | €25.0m | €25.0m | €25.0m | €25.0m | = |
| Reserves13 | €2.5m | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Non-distributable reserves130/1 | - | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Legal reserve130 | - | €2.5m | €2.5m | €2.5m | €2.5m | = |
| Profit (loss) carried forward14 | €208.0m | €219.2m | €168.1m | €170.3m | €104.3m | ▼ 38.7% |
| Provisions and deferred taxes16 | €16.8m | €11.9m | €10.8m | €12.9m | €15.2m | ▲ 17.8% |
| Provisions for liabilities and charges160/5 | - | €11.9m | €10.8m | €12.9m | €15.2m | ▲ 17.8% |
| Pensions and similar obligations160 | - | €644,821 | €131,706 | €41,483 | €0 | ▼ 100% |
| Major repairs and maintenance162 | - | €4.7m | €4.7m | €4.7m | €4.7m | = |
| Environmental obligations163 | - | €737,318 | €621,929 | €507,293 | €458,484 | ▼ 9.6% |
| Other liabilities and charges164/5 | - | €5.9m | €5.4m | €7.7m | €10.0m | ▲ 31.1% |
| Amounts payable17/49 | €74.3m | €140.3m | €186.0m | €127.1m | €107.8m | ▼ 15.2% |
| Amounts payable within one year42/48 | €70.4m | €135.3m | €185.7m | €124.1m | €107.7m | ▼ 13.2% |
| Trade debts44 | €15.5m | €28.7m | €21.9m | €28.4m | €19.7m | ▼ 30.6% |
| Suppliers440/4 | - | €28.7m | €21.9m | €28.4m | €19.7m | ▼ 30.6% |
| Advances received on contracts in progress46 | - | €235,627 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | €66.3m | €61.1m | €54.2m | €56.4m | ▲ 4.2% |
| Taxes450/3 | - | €5.3m | €5.6m | €3.8m | €5.8m | ▲ 51.6% |
| Remuneration and social security454/9 | - | €61.0m | €55.5m | €50.3m | €50.6m | ▲ 0.6% |
| Other amounts payable47/48 | - | €40.0m | €102.7m | €41.6m | €31.6m | ▼ 24.1% |
| Accrued charges and deferred income492/3 | - | €5.1m | €362,607 | €2.9m | €86,669 | ▼ 97.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €40.4m | €51.2m | €48.8m | €42.2m | €34.1m | ▼ 19.4% |
| + Depreciation and write-downs630 | €95.2m | €95.2m | €95.5m | €105.4m | €106.6m | ▲ 1.2% |
| Operating cash flow (approximation) | €135.7m | €146.4m | €144.3m | €147.6m | €140.7m | ▼ 4.7% |
| Investment in fixed assets (approximation) | - | -€97.9m | -€109.6m | -€105.2m | -€101.3m | ▲ 3.8% |
| Change in cash | - | €962,589 | -€1.5m | €37,357 | €194,077 | ▲ 420% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
18-09
State Gazette act
Merger · Other statementDeclaration · Purpose change8 facts ▸
- Merger, fusie door overneming, goedkeuring door de algemene vergaderingen van Nokia en Infinera
- Other statement, Rechtvaardiging van de voorgestelde verrichting, volledige integratie (op operationeel, organisatorisch, commercieel, juridisch, financieel en boekhoudkundig vl…
- Declaration, geen bijzondere rechten of andere effecten, Aangezien de statuten van Infinera niet voorzien in bijzondere rechten voor haar aandeelhouders en Infinera geen and…
- Declaration, geen bijzondere voordelen aan bestuurders, Geen bijzondere voordelen werden of zullen worden toegekend aan de bestuurders van Nokia of Infinera in het kader van…
- Purpose change
- General meeting, buitengewone algemene vergadering, goedkeuring fusievoorstel
- General meeting, buitengewone algemene vergadering, goedkeuring fusievoorstel
- Other statement, section heading introducing the information required by article 12:50 second paragraph WVV for Nokia and Infinera
24-07
State Gazette act
Resignations: Björn CAPENS, Deckers, Carl and 5 othersAppointments: Björn CAPENS, Deckers, Carl and 3 others · Permanent representatives: Casper VERBEEК and Björn CAPENS · Reappointment: Deloitte Bedrijfsrevisoren B.V.o.v.v.e. CVBA (statutory auditor)21 facts ▸
- General meeting, 16-06-2026
- Director resignation, Björn CAPENS (director)
- Director resignation, Deckers, Carl (director)
- Director resignation, K. Lemmens (director)
- Director resignation, SIMULA Tatu Mikko Verneri (director)
- Director resignation, Stephen MUSCAT (director)
- Director resignation, Casper VERBEEК (director)
- Director resignation, J. Grisi (director)
- Director appointment, Björn CAPENS (director)
- Director appointment, Deckers, Carl (director)
- Director appointment, SIMULA Tatu Mikko Verneri (director)
- Director appointment, Stephen MUSCAT (director)
- +9 further facts in this act
About the unread acts
Of the 46 Belgian State Gazette acts we know for this company, 2 have been read. The other 44 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Statutory auditor 1
Not every act has been read: a resignation may be missing here
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1136/00B008 | Flanders | 5,770 m² | 1 · 3,822 m² | 38.5 m · 9 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Deloitte Bedrijfsrevisoren B.V. o.v.v.e. CVBA |
|
| Björn CAPENS |
|
| Casper VERBEEК |
|
| Deckers, Carl |
|
| K. Lemmens |
|
| SIMULA Tatu Mikko Verneri |
|
| Stephen MUSCAT |
|
| J. Grisi |
|
Articles of association
Full purpose (10 activities)
- A) de studie, de ontwikkeling, de vervaardiging, de inrichting, de verkoop, de aankoop, het huren, het verhuren, de commercialisering, de in- en uitvoer van, de installatie, de montage, het onderhoud, de herstelling, de distributie, de opslag en de uitbating: - van systemen, apparaten en voorwerpen, industriële, elektrische en andere producten, meet-en controleinstrumenten op het gebied van telecommunicaties (per draad of draadloos), databeheer en transmissie, op het gebied van de elektronica en aanverwante technieken ten behoeve van directe en indirecte netwerkoperatoren, inclusief de toepassing ervan, onderzoek- en ontwikkelingswerk, consulting en technische dienstverlening en de ontwikkeling van software in alle voormelde gebieden en op alle gebieden die daarmee als samenlopend kunnen beschouwd worden, hetzij door hun toepassing hetzij door hun opbouw; - van systemen, apparaten en voorwerpen voor verkoeling, verwarming, verlichting en luchtconditionering; - van huishoudapparaten, elektrische kabels, isoleerstoffen en artikelen in plastische stoffen; - van systemen, apparaten en voorwerpen op het gebied van de didactiek; van alle organen, onderdelen en grondstoffen voorkomend in gelijk welke van de hierboven opgesomde fabricatie en van alle gelijkaardige organen, onderdelen en grondstoffen; en - in het algemeen, van alle toestellen en voorwerpen van gelijk welke aard die de activiteit van de vennootschap of haar uitbreiding en ontwikkeling kunnen bevorderen
- B) de exploitatie of het beheer van telecommunicatienetwerken voor eigen behoeften of voor behoeften van derden en het verrichten van activiteiten als systeemintegrator
- C) het leveren van diensten van beheer die verband houden met de telecommunicatie, databeheer en transmissie en aanverwante technieken en dit in de ruimste zin van het woord
- Zij zal alle installaties en fabrieken mogen oprichten, alle apparaten met betrekking tot haar nijverheid of handel kopen en verkopen en alle roerende en onroerende goederen, noodzakelijk of nuttig voor de verwezenlijking van haar maatschappelijk doel, bouwen, aankopen, in huur nemen of geven, omruilen of oprichten. Zij kan geheel of gedeeltelijk nemen, verwerven, uitbaten of afstaan: alle brevetten, licenties, vergunningen, intellectuele rechten en industriële en commerciële eigendom, die rechtstreeks of onrechtstreeks betrekking hebben op haar maatschappelijk doel
- De vennootschap kan samenwerken met, deelnemen in, of op gelijk welke wijze rechtstreeks of onrechtstreeks, belangen nemen in andere ondernemingen in België of in het buitenland en/of bijkantoren oprichten in België of het buitenland. Zij mag door middel van afstand, inbreng, fusie, deelneming, financiële tussenkomst, aankoop van aandelen, deelbewijzen en obligaties of op elke andere wijze belang nemen in alle ondernemingen in binnen- en buitenland waarvan het voorwerp identiek is aan, gelijkaardig of samenhangend is met het hare, vatbaar is om afzet voor haar producten en diensten te verschaffen of grondstoffen te leveren die noodzakelijk zijn voor haar exploitatie of van aard is de verwezenlijking van haar maatschappelijk doel te bevorderen of te vergemakkelijken
- Zij kan, voor eigen rekening en voor rekening van derden, alle handelingen van bijstand, advies- en dienstverlening stellen, zowel in eigen naam als in hoedanigheid van tussenpersoon of vertegenwoordiger en dit op de meest diverse gebieden, zoals dat van de opleiding, het juridische, fiscale, commerciële, bedrijfstechnische en financiële, enzovoorts, zonder dat deze opsomming als beperkend kan worden beschouwd
- Zij mag deelnemen, hetzij voor haar eigen rekening, hetzij voor rekening van derden, hetzij in participatie, in alle financiële, industriële, commerciële en maritieme verrichtingen en openbare werken, verrichtingen doen met alle gouvernementele, provinciale of gemeentelijke overheden, met vennootschappen of particulieren, alle roerende en onroerende waarden aankopen en vervreemden
- De vennootschap kan zowel tot waarborg van eigen verbintenissen als tot waarborg van verbintenissen van derden borg en zakelijke en persoonlijke zekerheden stellen, onder meer door haar goeden in hypotheek of in pand te geven, inclusief de eigen handelszaak. De vennootschap heeft alsnog tot doel het voeren van het beheer en de directie van andere vennootschappen en/of bedrijven, alsook de uitoefening van de functies van bestuurder of vereffenaar van andere vennootschappen
- In het algemeen zal zij alle industriële, commerciële of financiële roerende of onroerende verrichtingen mogen doen die rechtstreeks of onrechtstreeks, geheel of gedeeltelijk, verband houden met één van de doeleinden van de vennootschap of op gelijkaardige of aanverwante doeleinden of die van aard zouden zijn de verwezenlijken ervan te vergemakkelijken of te bevorderen
- De voorgaande opsomming is verklarend en niet beperkend. Zij dient in de meest brede zin opgenomen te worden
Structure & network
Owners and holdings
1 owner · 1 holdingChain of control
- Nokia OyjFI
- NOKIA BELL
Highest known parent: Nokia Oyj (Finland). The sources do not say who stands above it.
Owners 1
- Nokia OyjFIparentSourceLEI registerconsolidated
Holdings 1
- Nokia Solutions and Networks India PLCINSourceown accounts 2024Equity INR 102.47bnResult INR 12.04bn1.6%
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
- 7.57%
According to the 2024 annual accounts of NOKIA BELL and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionPublic money · subsidies and aid
Flemish government
2022 to 2025 · 12 entries · 5,080,475 EUR awarded · 2,763,492 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 6 | 1,133,222 EUR | 1,397,628 EUR |
| 2024 | 2 | 2,278,730 EUR | 673,677 EUR |
| 2023 | 2 | 34,189 EUR | 684,189 EUR |
| 2022 | 2 | 1,634,334 EUR | 7,998 EUR |
European Union, budget
2022 · 1 entry · 428,256 EUR in total| Year | Entries | awarded |
|---|---|---|
| 2022 | 1 | 428,256 EUR |
European research
24 projects · 2 as coordinator · 9,161,214 EUR EU contributionShow 19 more projects
Recognitions · licences · registrations
Food safety, FASFC
1 siteLegal Entity Identifier
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.