NOKIA BELL
0404.621.642 · rovalta.com · 23/09/2026
ACTIVE
NOKIA BELL
Financial year 2025 · closed on 31/12/2025
Net result
36,9 M €
+8.4% YoY
Revenue
186,7 M €
+0.0% YoY
Equity
168,8 M €
+28.0% YoY
Workforce
1 175,1 ETP
-4.3% YoY
Overview
What does NOKIA BELL do?
NOKIA BELL is a Public limited company incorporated in 1918. Its main activity is: Manufacture of communication equipment. Its registered office is in Antwerpen. It employs on average 1 175,1 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0404.621.642
Incorporation
01/01/1918
Legal form
Public limited company
Registered office
Copernicuslaan 50
2018 Antwerpen · FlandreSee on map
2018 Antwerpen · FlandreSee on map
Contributed capital
25 000 000,00 €
Latest accounts
31/12/2025
Average workforce
1 175,1 ETP
Activities (NACE)
Joint committees (1)
- 209
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue
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Financials
Trend over 19 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | |||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||||||||||||||
| Revenue | 186,7 M € | +0.0% | 186,6 M € | -4.6% | 195,6 M € | -0.8% | 197,3 M € | +2.6% | 192,3 M € | -12.9% | 220,8 M € | -14.1% | 256,9 M € | +3.0% | 249,5 M € | -14.8% | 292,8 M € | +0.8% | 290,4 M € | +16.0% | 250,4 M € | -20.2% | 313,7 M € | +87.7% | 167,1 M € | +10.5% | 151,2 M € | -24.7% | 200,9 M € | -35.4% | 311,2 M € | -49.3% | 613,5 M € | -26.9% | 838,9 M € | +18.2% | 709,5 M € |
| EBITDA | 144,3 M € | +3.9% | 138,8 M € | -3.0% | 143,2 M € | -2.0% | 146,1 M € | -0.2% | 146,3 M € | +8.5% | 134,8 M € | -7.6% | 145,8 M € | +9.9% | 132,7 M € | -7.5% | 143,5 M € | +23.0% | 116,7 M € | +23.1% | 94,8 M € | -27.6% | 130,9 M € | +0.6% | 130,2 M € | -15.3% | 153,7 M € | +99.9% | 76,9 M € | +174% | 28,1 M € | +22.1% | 23 M € | -81.8% | 126,3 M € | +30.0% | 97,1 M € |
| Operating result | 31,8 M € | +6.1% | 29,9 M € | -22.0% | 38,4 M € | -24.6% | 50,9 M € | -1.8% | 51,9 M € | +31.0% | 39,6 M € | -10.3% | 44,2 M € | +33.9% | 33 M € | -25.4% | 44,2 M € | +111% | 20,9 M € | +48.7% | 14,1 M € | -73.6% | 53,3 M € | -7.4% | 57,6 M € | -19.7% | 71,7 M € | +7248% | 975,9 k € | +104% | -24,4 M € | +52.6% | -51,6 M € | -799% | 7,4 M € | +129% | -25,6 M € |
| Net result | 36,9 M € | +8.4% | 34,1 M € | -19.4% | 42,2 M € | -13.5% | 48,8 M € | -4.6% | 51,2 M € | +26.7% | 40,4 M € | -8.9% | 44,4 M € | +36.0% | 32,6 M € | -10.2% | 36,3 M € | +76.5% | 20,6 M € | +18.6% | 17,4 M € | -74.6% | 68,2 M € | +172% | 25,1 M € | -52.9% | 53,4 M € | +1535% | -3,7 M € | -104% | 86,2 M € | +217% | -73,4 M € | -2913% | 2,6 M € | +105% | -53 M € |
| Balance sheet | |||||||||||||||||||||||||||||||||||||
| Equity | 168,8 M € | +28.0% | 131,8 M € | -33.3% | 197,8 M € | +1.1% | 195,6 M € | -20.7% | 246,7 M € | +4.1% | 237 M € | -2.0% | 241,8 M € | +22.2% | 197,9 M € | -25.6% | 265,9 M € | +16.1% | 229,2 M € | +9.4% | 209,4 M € | +8.8% | 192,4 M € | +55.3% | 123,9 M € | +24.8% | 99,3 M € | +5.2% | 94,4 M € | -6.2% | 100,7 M € | +258% | 28,1 M € | -70.8% | 96,3 M € | +2.7% | 93,7 M € |
| Total assets | 281,9 M € | +10.6% | 254,8 M € | -24.6% | 337,7 M € | -13.9% | 392,4 M € | -1.7% | 399 M € | +21.6% | 328,2 M € | -3.8% | 341,2 M € | +9.1% | 312,7 M € | -23.3% | 407,9 M € | +14.4% | 356,4 M € | +8.5% | 328,6 M € | -3.0% | 338,8 M € | +4.0% | 325,7 M € | +3.7% | 314 M € | -10.1% | 349,2 M € | -3.9% | 363,5 M € | -3.2% | 375,4 M € | -16.2% | 448,1 M € | -9.3% | 494,3 M € |
| Cash | 491,7 k € | +38.5% | 354,9 k € | +121% | 160,9 k € | +30.2% | 123,5 k € | -92.5% | 1,6 M € | +142% | 678,6 k € | -62.9% | 1,8 M € | +147% | 740 k € | -14.3% | 863,9 k € | -45.0% | 1,6 M € | +815% | 171,8 k € | -69.5% | 563,6 k € | -34.6% | 861,8 k € | -53.1% | 1,8 M € | +1.0% | 1,8 M € | +43.7% | 1,3 M € | -52.3% | 2,7 M € | +43.1% | 1,9 M € | +20.9% | 1,5 M € |
| Debts | 90,5 M € | -15.9% | 107,7 M € | -13.2% | 124,1 M € | -33.1% | 185,7 M € | +37.3% | 135,3 M € | +92.1% | 70,4 M € | -12.1% | 80,2 M € | -18.9% | 98,8 M € | -14.6% | 115,6 M € | +17.3% | 98,6 M € | -4.0% | 102,7 M € | -16.5% | 123 M € | -20.8% | 155,3 M € | -10.1% | 172,7 M € | -24.0% | 227,3 M € | -5.4% | 240,2 M € | -16.3% | 286,9 M € | +3.0% | 278,6 M € | -10.9% | 312,5 M € |
| Other | |||||||||||||||||||||||||||||||||||||
| Workforce | 1 175,1 ETP | -4.3% | 1 227,3 ETP | -4.7% | 1 287,9 ETP | +0.1% | 1 286,8 ETP | +0.7% | 1 278,0 ETP | -3.0% | 1 318,1 ETP | -3.5% | 1 366,0 ETP | -3.3% | 1 413,1 ETP | +1.7% | 1 390,1 ETP | +3.2% | 1 347,0 ETP | +0.7% | 1 337,6 ETP | -1.5% | 1 357,9 ETP | -11.2% | 1 529,4 ETP | -6.9% | 1 642,7 ETP | -5.4% | 1 737,2 ETP | -2.4% | 1 779,9 ETP | -1.6% | 1 808,4 ETP | +4.6% | 1 728,1 ETP | -8.7% | 1 893,2 ETP |
Estimate
Indicative valuation
As an indication, this company is worth
more than 1.000 M€
See the valuationGovernance
Board of directors
Seen on filing of 31/12/2025 · 7 active · 81 ended
Active mandates
Björn Capens
ActiveCarl Deckers
ActiveCasper Verbeek
ActiveJeanmarie Grisi
ActiveKris Lemmens
ActiveStephen Muscat
ActiveTatu Simula
ActiveEnded mandates
Björn Capens
EndedCarl Deckers
EndedJeanmarie Grisi
EndedKris Lemmens
EndedAt this address
Other companies at this address
| Company | CBE no. |
|---|---|
NOKIA BELL PENSIOENFONDS● Active | 0410.492.617 |
Financials
Annual accounts
Full financial information
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|
| Type of account | Full model | Full model | Full model | Full model | Full model | Full model |
| Start of the financial year | 01/01/2025 | 01/01/2024 | 01/01/2023 | 01/01/2022 | 01/01/2021 | 01/01/2020 |
| Closing of the financial year | 31/12/2025 | 31/12/2024 | 31/12/2023 | 31/12/2022 | 31/12/2021 | 31/12/2020 |
| Length of the financial year | 12 months | 12 months | 12 months | 12 months | 12 months | 12 months |
| Filing date | 26/06/2026 | 20/06/2025 | 08/07/2024 | 10/07/2023 | 19/07/2022 | 29/06/2021 |
| General meeting | 16/06/2026 | 17/06/2025 | 18/06/2024 | 20/06/2023 | 21/06/2022 | 25/05/2021 |
| Currency of the financial year | EUR | EUR | EUR | EUR | EUR | EUR |
| NBB quality label | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls | Satisfying controls |
Ratios
Financial ratios
Looking for more information about this company?
Try for 7 daysFilings
Annual accounts filings
57 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full model | 31/12/2025 | 16/06/2026 | 26/06/2026 | Dutch | |
| Full model | 31/12/2024 | 17/06/2025 | 20/06/2025 | Dutch | |
| Full model | 31/12/2023 | 18/06/2024 | 08/07/2024 | Dutch | |
| Full model | 31/12/2022 | 20/06/2023 | 10/07/2023 | Dutch | |
| Full model | 31/12/2021 | 21/06/2022 | 19/07/2022 | Dutch | |
| Full model | 31/12/2020 | 25/05/2021 | 29/06/2021 | Dutch | |
| Full model | 31/12/2019 | 28/05/2020 | 07/08/2020 | Dutch | |
| Full modelCorrection | 31/12/2018 | 28/05/2019 | 20/12/2019 | Dutch | |
| Full model | 31/12/2018 | 28/05/2019 | 27/06/2019 | Dutch | |
| Full model | 31/12/2017 | 29/05/2018 | 16/08/2018 | Dutch | |
| Full model | 31/12/2016 | 30/05/2017 | 01/07/2017 | Dutch | |
| Full model | 31/12/2015 | 31/05/2016 | 03/08/2016 | Dutch | |
| Full model | 31/12/2014 | 26/05/2015 | 08/07/2015 | Dutch | |
| Full model | 31/12/2013 | 27/05/2014 | 31/07/2014 | Dutch | |
| Full model | 31/12/2012 | 28/05/2013 | 26/06/2013 | Dutch | |
| Full model | 31/12/2011 | 29/05/2012 | 19/06/2012 | Dutch | |
| Full model | 31/12/2010 | 31/05/2011 | 12/07/2011 | Dutch | |
| Full model | 31/12/2009 | 25/05/2010 | 02/07/2010 | Dutch | |
| Full model | 31/12/2008 | 26/05/2009 | 16/06/2009 | Dutch | |
| Full model | 31/12/2007 | 27/05/2008 | 19/06/2008 | Dutch | |
| Full model | 31/12/2006 | 29/05/2007 | 05/06/2007 | Dutch | |
| Full model | 31/12/2005 | 30/05/2006 | 28/06/2006 | Dutch | |
| Full model | 31/12/2004 | 31/05/2005 | 17/06/2005 | Dutch | |
| Full model | 31/12/2003 | 25/05/2004 | 20/12/2004 | Dutch |
Valuation
Estimate
Indicative valuation
Order of magnitude
As an indication, this company is worth
more than 1.000 M€
The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.
Disclaimer
Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.
Directors & structure
Governance
Board of directors
Seen on filing of 31/12/2025 · 7 active · 81 ended
Active mandates
Björn Capens
ActiveCarl Deckers
ActiveCasper Verbeek
ActiveJeanmarie Grisi
ActiveKris Lemmens
ActiveStephen Muscat
ActiveTatu Simula
ActiveEnded mandates
Björn Capens
EndedCarl Deckers
EndedJeanmarie Grisi
EndedKris Lemmens
EndedShareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Restructuring18/09/2026Fusievoorstel
- Mandates24/07/2026ONTSLAGEN - BENOEMINGEN
- Mandates10/07/2025ONTSLAGEN - BENOEMINGEN
- Mandates26/05/2025ONTSLAGEN - BENOEMINGEN
- Mandates30/07/2024ONTSLAGEN - BENOEMINGEN
- Mandates21/05/2024ONTSLAGEN - BENOEMINGEN
- Mandates05/12/2023ONTSLAGEN - BENOEMINGEN
- Mandates02/10/2023ONTSLAGEN - BENOEMINGEN
Source: Belgian Official Gazette
Similar companies
Competition
Similar companies
A company's peers, by sector and size, are included in the Business plan.
See the Business planTimeline
Timeline
- 2025Annual accounts 202536,9 M €↑
- 17/06/2025nominationJeanmarie GRISI — bestuurder
- 17/06/2025nominationBjörn CAPENS — bestuurder
- 17/06/2025nominationCarl DECKERS — bestuurder
- 17/06/2025nominationKris LEMMENS — bestuurder
- 17/06/2025nominationSIMULA Tatu Mikko Verneri — bestuurder
- 17/06/2025nominationStephen MUSCAT — bestuurder
- 15/04/2025nominationCasper Verbeek — bestuurder
- 2024Annual accounts 202434,1 M €↓
- 18/06/2024reconductionJeanmarie GRISI — bestuurder
- 18/06/2024reconductionBjör CAPENS — bestuurder
- 18/06/2024reconductionCarl DECKERS — bestuurder
- 18/06/2024reconductionKris LEMMENS — bestuurder
- 18/06/2024reconductionSIMULA Tatu Mikko Verneri — bestuurder
- 18/06/2024reconductionStephen MUSCAT — bestuurder
- 05/02/2024nominationBjörn Capens — bestuurder
- 2023Annual accounts 202342,2 M €↓
- 01/10/2023nominationKris Lemmens — vaste vertegenwoordiger
- 2022Annual accounts 202248,8 M €↓
- 2021Annual accounts 202151,2 M €↑
- 2020Annual accounts 202040,4 M €↓
- 2019Annual accounts 201944,4 M €↑
- 2018Annual accounts 201832,6 M €↓
- 2017Annual accounts 201736,3 M €↑
- 2016Annual accounts 201620,6 M €↑
- 2015Annual accounts 201517,4 M €↓
- 2014Annual accounts 201468,2 M €↑
- 2013Annual accounts 201325,1 M €↓
- 2012Annual accounts 201253,4 M €↑
- 2011Annual accounts 2011-3,7 M €↓
- 2010Annual accounts 201086,2 M €↑
- 2009Annual accounts 2009-73,4 M €↓
- 2008Annual accounts 20082,6 M €↑
- 2007Annual accounts 2007-53 M €
- 01/01/1918IncorporationPublic limited company