Financials
- Financial year
- 2025
- Turnover
- €1.67bn
- Loss
- -€10.2m
- Solvency
- 23.3%
Turnover▲ 17.5%
Net result
20182025
ORANGE BELGIUM
ActiveSummary
ORANGE BELGIUM has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €864.1m and a net result of -€10.2m. Equity is growing by about 5.6% per year across the filed financial years. Its solvency ranks better than 38% of 93 sector peers (NACE 61, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Overview
Activity
Wired, wireless and satellite telecommunications
NACE 61100
Largest company by total assets in Evere, Telecoms and IT sector153 sites
Size
€1.67bnturnover 2025
- Staff
- 1,953.2 FTE
- Equity
- €864.1m
- Loss
- -€10.2m
Standalone figures, without subsidiaries
Structure
- Parent
- ATLAS SERVICES BELGIUM · 76.29%
- Board
- 11 members
- Holdings
- 11
Accounts 80 days early
Why 69raises riskLiquidity: current ratio 0.46, cash €52.1mEquity €864.1m (23.3% of total assets)Sector: Telecommunications (NACE 61)Loss of €10.2m (financial year 2025)Show the evidence
Checked score
Score 2025
69
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 50% of its sector peers (all companies)
Financial strength · tick = 2024
Average
Solvency
48-3
equity 23.3% of total assets
Liquidity
43-6
short-term debt 23.8% · cash 1.4%
Profitability
68+2
return on assets -0.3%
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.7%
12-2024: 0.7%● unchanged vs 11-2024
01-2025: 0.7%● unchanged vs 12-2024
02-2025: 0.7%● unchanged vs 01-2025
03-2025: 0.7%● unchanged vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.5%▼ -0.2 percentage points vs 05-2025
07-2025: 0.5%● unchanged vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.5%● unchanged vs 08-2025
10-2025: 0.5%● unchanged vs 09-2025
11-2025: 0.5%● unchanged vs 10-2025
12-2025: 0.5%● unchanged vs 11-2025
01-2026: 0.5%● unchanged vs 12-2025
02-2026: 0.5%● unchanged vs 01-2026lowest value
03-2026: 0.5%● unchanged vs 02-2026
04-2026: 0.5%● unchanged vs 03-2026
05-2026: 0.6%▲ +0.1 percentage points vs 04-2026
06-2026: 0.8%▲ +0.2 percentage points vs 05-2026highest value
07-2026: 0.8%● unchanged vs 06-2026highest value
08-2026: 0.8%● unchanged vs 07-2026highest value
09-2026: 0.8%● unchanged vs 08-2026highest value
10-2026: 0.8%● unchanged vs 09-2026
Credit of up to €59,600,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.46, compared with 0.56 in 2024, below 1; short-term debt: 23.8% and cash: 1.4% of total assets), and 76.7% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies): better than 37% on solvency, 48% on liquidity, 62% on profitability and 54% on growth.
The bankruptcy probability was computed on 15-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Five signals.
raises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 12-05-2026, 80 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
80 days early
2024
73 days early
2023
84 days early
2022
75 days early
2021
81 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 79 days before the deadline; the sector median (NACE 61) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
16-10-2026 today31-12-2026 year end31-07-2027 deadline
- RestructuringMerger · Shareholding · Declaration
- RestructuringShareholding · Merger · Declaration
- Reappointment: Deloitte Bedrijfsrevisoren BV (statutory auditor)Appointment: Deloitte Bedrijfsrevisoren BV (statutory…
Key points
- Caution: From profit to loss in 2025after €96.5m in 2024 -€10.2m View
- Caution: Among the weakest 9% on net resultsector median €15,936 · 93 companies -€10.2m View
- 4 restructurings since 2023latest: branch taken over from VOO S.A. 4 View
- Positive: 5 years of growth in a rowturnover 2025: €1.67bn 5 years View
- Controlled by ATLAS SERVICES BELGIUMknown shareholders 100% 76.29% View
- EU supportawarded from 2022 to 2025 €3.9m View
- Positive: Always filed on timeaccounts within the deadline every year 5 years View
By topic
Board & ownership
- Board
- 11 members
- Parent
- ATLAS SERVICES BELGIUM · 76.29%
- Known shareholders
- 100%
- LUGINBÜHLI ChristianDirector
- Bernard RAMANANTSOADirector
- Caroline GUILLAUMINDirector
- Inne MERTENSDirector
- Bertrand DEMONCEAUDirector
and 6 other directors
Network & group
- Group
- ORANGE
- Subsidiaries
- 7
- Holdings
- 11
- Connected companies
- 63
11 holdings
Timeline
- Events
- 133
- Since
- 1997
- Next accounts
- by 31-07-2027
- 11-06-2026Annual accounts filed
- 12-05-2026Annual accounts filed
- 31-12-2025Weakest financial year
Company details
- Sites
- 153
- Legal form
- Public limited company
- Activity
- Wired, wireless and satellite telecommunicationsNACE 61100
- Founded
- 18-12-1995
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
Articles of association
- Provisions read
- 8
- Purpose
- “Het installeren, exploiteren, beveiligen, onderhouden en commercialiseren van…” (deed in Dutch)
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