ACTIVE

NOKIA BELL

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Financial year 2025 · Closed on 31/12/2025

Net result36,9 M €+8,4 %over 1 year

Revenue186,7 M €+0,0 %over 1 year

Equity168,8 M €+28,0 %over 1 year

Workforce1 175,1 ETP-4,3 %over 1 year

Identity

Source · BCE/KBO

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
Contributed capital: 25 000 000,00 €
Latest accounts: 31/12/2025
Average workforce: 1 175,1 ETP

Activities (NACE)

26300Manufacture of communication equipment· main 26300Manufacture of communication equipment 32202Manufacture of musical instruments 27510Manufacture of electric domestic appliances 27510Manufacture of electric domestic appliances 29710Manufacture of motor vehicles, trailers and semi-trailers

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 57 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	144,3 M €	+3.9%	138,8 M €	-3.0%	143,2 M €	-2.0%	146,1 M €	-0.2%	146,3 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 €
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 €
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 €
Total assets	281,9 M €	+10.6%	254,8 M €	-24.6%	337,7 M €	-13.9%	392,4 M €	-1.7%	399 M €
Cash	491,7 k €	+38.5%	354,9 k €	+121%	160,9 k €	+30.2%	123,5 k €	-92.5%	1,6 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 €
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

Valuation

Indicative valuation

As an indication, this company is worth

more than 1.000 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 81 ended

Active mandates

Björn Capens

Director · since 17 juin 2025 · until 16 juin 2026

Active

Carl Deckers

Director · since 17 juin 2025 · until 16 juin 2026

Active

Casper Verbeek

Director · since 17 juin 2025 · until 16 juin 2026

Active

Jeanmarie Grisi

Director · since 17 juin 2025 · until 30 septembre 2025

Active

Kris Lemmens

Director · since 17 juin 2025 · until 16 juin 2026

Active

Stephen Muscat

Director · since 17 juin 2025 · until 16 juin 2026

Active

Tatu Simula

Director · since 17 juin 2025 · until 16 juin 2026

Active

Ended mandates

Björn Capens

Director · since 18 juin 2024 · until 17 juin 2025

Ended

Carl Deckers

Director · since 18 juin 2024 · until 17 juin 2025

Ended

Jeanmarie Grisi

Director · since 18 juin 2024 · until 17 juin 2025

Ended

Kris Lemmens

Director · since 18 juin 2024 · until 17 juin 2025

Ended

Other companies at this address

Copernicuslaan 50 2018 Antwerpen

Company	CBE no.
NOKIA BELL PENSIOENFONDS● Active	0410.492.617

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 57 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	16/06/2026	26/06/2026	Dutch	PDF
Full model	31/12/2024	17/06/2025	20/06/2025	Dutch	PDF
Full model	31/12/2023	18/06/2024	08/07/2024	Dutch	PDF
Full model	31/12/2022	20/06/2023	10/07/2023	Dutch	PDF
Full model	31/12/2021	21/06/2022	19/07/2022	Dutch	PDF
Full model	31/12/2020	25/05/2021	29/06/2021	Dutch	PDF
Full model	31/12/2019	28/05/2020	07/08/2020	Dutch	PDF
Full modelCorrection	31/12/2018	28/05/2019	20/12/2019	Dutch	PDF
Full model	31/12/2018	28/05/2019	27/06/2019	Dutch	PDF
Full model	31/12/2017	29/05/2018	16/08/2018	Dutch	PDF
Full model	31/12/2016	30/05/2017	01/07/2017	Dutch	PDF
Full model	31/12/2015	31/05/2016	03/08/2016	Dutch	PDF
Full model	31/12/2014	26/05/2015	08/07/2015	Dutch	PDF
Full model	31/12/2013	27/05/2014	31/07/2014	Dutch	PDF
Full model	31/12/2012	28/05/2013	26/06/2013	Dutch	PDF
Full model	31/12/2011	29/05/2012	19/06/2012	Dutch	PDF
Full model	31/12/2010	31/05/2011	12/07/2011	Dutch	PDF
Full model	31/12/2009	25/05/2010	02/07/2010	Dutch	PDF
Full model	31/12/2008	26/05/2009	16/06/2009	Dutch	PDF
Full model	31/12/2007	27/05/2008	19/06/2008	Dutch	PDF
Full model	31/12/2006	29/05/2007	05/06/2007	Dutch	PDF
Full model	31/12/2005	30/05/2006	28/06/2006	Dutch	PDF
Full model	31/12/2004	31/05/2005	17/06/2005	Dutch	PDF
Full model	31/12/2003	25/05/2004	20/12/2004	Dutch	PDF
Full model	31/12/2002	27/05/2003	13/06/2003	Dutch	PDF
Full model	31/12/2001	28/05/2002	31/05/2002	Dutch	PDF
Full model	31/12/2000	29/05/2001	15/06/2001	Dutch	PDF
Full model	31/12/1999	30/05/2000	04/07/2000	Dutch	PDF
Full model	31/12/1998	25/05/1999	16/06/1999	Dutch	PDF
Full model	31/12/1997	26/05/1998	23/06/1998	Dutch	—
Full model	31/12/1996	29/05/1997	11/06/1997	Dutch	—
Consolidated accounts	31/12/1996	29/05/1997	11/06/1997	Dutch	—
Full modelCorrection	31/12/1995	28/05/1996	05/08/1996	Dutch	—
Full model	31/12/1995	28/05/1996	06/06/1996	Dutch	—
Consolidated accounts	31/12/1995	28/05/1996	06/06/1996	Dutch	—
Full model	31/12/1994	30/05/1995	14/06/1995	Dutch	—
Consolidated accounts	31/12/1994	30/05/1995	14/06/1995	Dutch	—
Full model	31/12/1993	31/05/1994	16/06/1994	Dutch	—
Consolidated accounts	31/12/1993	31/05/1994	16/06/1994	Dutch	—
Full model	31/12/1992	25/05/1993	07/06/1993	Dutch	—
Consolidated accounts	31/12/1992	25/05/1993	07/06/1993	Dutch	—
Full model	31/12/1991	19/05/1992	18/06/1992	Dutch	—
Consolidated accounts	31/12/1991	19/05/1992	18/06/1992	Dutch	—
Full model	31/12/1990	30/04/1991	23/05/1991	Dutch	—
Full model	31/12/1989	24/04/1990	22/05/1990	Dutch	—
Full model	31/12/1988	28/04/1989	25/05/1989	Dutch	—
Full model	31/12/1987	22/04/1988	17/05/1988	Dutch	—
Full model	31/12/1986	28/04/1987	13/05/1987	Dutch	—
Full model	31/12/1985	29/04/1986	27/05/1986	Dutch	—
Full model	31/12/1984	30/04/1985	23/05/1985	English	—
m904-p	31/12/1983	24/04/1984	09/05/1984	English	—
m904-p	31/12/1982	26/04/1983	25/05/1983	English	—
m904-p	31/12/1981	27/04/1982	10/05/1982	English	—
m904-p	31/12/1980	01/01/9999	20/05/1981	English	—
m904-p	31/12/1979	01/01/9999	23/05/1980	English	—
m904-p	31/12/1978	01/01/9999	18/05/1979	English	—
m904-p	31/12/1977	01/01/9999	07/06/1978	English	—

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.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

7 active · 81 ended

Active mandates

Björn Capens

Director · since 17 juin 2025 · until 16 juin 2026

Active

Carl Deckers

Director · since 17 juin 2025 · until 16 juin 2026

Active

Casper Verbeek

Director · since 17 juin 2025 · until 16 juin 2026

Active

Jeanmarie Grisi

Director · since 17 juin 2025 · until 30 septembre 2025

Active

Kris Lemmens

Director · since 17 juin 2025 · until 16 juin 2026

Active

Stephen Muscat

Director · since 17 juin 2025 · until 16 juin 2026

Active

Tatu Simula

Director · since 17 juin 2025 · until 16 juin 2026

Active

Ended mandates

Björn Capens

Director · since 18 juin 2024 · until 17 juin 2025

Ended

Carl Deckers

Director · since 18 juin 2024 · until 17 juin 2025

Ended

Jeanmarie Grisi

Director · since 18 juin 2024 · until 17 juin 2025

Ended

Kris Lemmens

Director · since 18 juin 2024 · until 17 juin 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Restructuring18/09/2026
Fusievoorstel
PDF
Mandates24/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates30/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/05/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/12/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2023
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 202536,9 M €↑
17/06/2025
nominationJeanmarie GRISI — bestuurder
17/06/2025
nominationBjörn CAPENS — bestuurder
17/06/2025
nominationCarl DECKERS — bestuurder
17/06/2025
nominationKris LEMMENS — bestuurder
17/06/2025
nominationSIMULA Tatu Mikko Verneri — bestuurder
17/06/2025
nominationStephen MUSCAT — bestuurder
15/04/2025
nominationCasper Verbeek — bestuurder
2024
Annual accounts 202434,1 M €↓
18/06/2024
reconductionJeanmarie GRISI — bestuurder
18/06/2024
reconductionBjör CAPENS — bestuurder
18/06/2024
reconductionCarl DECKERS — bestuurder
18/06/2024
reconductionKris LEMMENS — bestuurder
18/06/2024
reconductionSIMULA Tatu Mikko Verneri — bestuurder
18/06/2024
reconductionStephen MUSCAT — bestuurder
05/02/2024
nominationBjörn Capens — bestuurder
2023
Annual accounts 202342,2 M €↓
01/10/2023
nominationKris Lemmens — vaste vertegenwoordiger
2022
Annual accounts 202248,8 M €↓
2021
Annual accounts 202151,2 M €↑
2020
Annual accounts 202040,4 M €↓
2019
Annual accounts 201944,4 M €↑
2018
Annual accounts 201832,6 M €↓
2017
Annual accounts 201736,3 M €↑
2016
Annual accounts 201620,6 M €↑
2015
Annual accounts 201517,4 M €↓
2014
Annual accounts 201468,2 M €↑
2013
Annual accounts 201325,1 M €↓
2012
Annual accounts 201253,4 M €↑
2011
Annual accounts 2011-3,7 M €↓
2010
Annual accounts 201086,2 M €↑
2009
Annual accounts 2009-73,4 M €↓
2008
Annual accounts 20082,6 M €↑
2007
Annual accounts 2007-53 M €
01/01/1918
IncorporationPublic limited company

NOKIA BELL

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline