ORANGE BELGIUM
0456.810.810 · rovalta.com · 20/09/2026
ACTIVE
ORANGE BELGIUM
Financial year 2025 · closed on 31/12/2025
Net result
-10,2 M €
-110.6% YoY
Revenue
1,7 Md €
+17.5% YoY
Equity
864,1 M €
-1.2% YoY
Workforce
1 953,2 ETP
+26.5% YoY
Overview
What does ORANGE BELGIUM do?
ORANGE BELGIUM is a Public limited company incorporated in 1995. Its main activity is: Wired telecommunications activities. Its registered office is in Evere. It employs on average 1 953,2 ETP workers (FTE).
Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0456.810.810
Incorporation
18/12/1995
Legal form
Public limited company
Registered office
Avenue du Bourget 3
1140 Evere · BruxellesSee on map
1140 Evere · BruxellesSee on map
Contributed capital
284 917 452,00 €
Latest accounts
31/12/2025
Average workforce
1 953,2 ETP
Activities (NACE)
Joint committees (2)
- 200
- 218
Signals
Positive cashflowPositive EBITDAHigh revenue
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Financials
Trend over 13 financial years
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2008 | 2007 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | |||||||||||||||||||||||||
| Revenue | 1,7 Md € | +17.5% | 1,4 Md € | +6.5% | 1,3 Md € | +5.0% | 1,3 Md € | +1.1% | 1,3 Md € | +3.8% | 1,2 Md € | -3.5% | 1,3 Md € | +2.9% | 1,2 Md € | +3.2% | 1,2 Md € | +1.1% | 1,2 Md € | +0.5% | 1,2 Md € | -23.8% | 1,5 Md € | -0.2% | 1,5 Md € |
| EBITDA | 334,6 M € | -1.9% | 341,2 M € | +11.0% | 307,4 M € | -9.7% | 340,6 M € | +0.9% | 337,6 M € | +12.5% | 300,2 M € | +15.2% | 260,5 M € | +2.6% | 253,9 M € | -12.2% | 289,1 M € | +10.4% | 261,7 M € | -5.5% | 277,0 M € | -53.8% | 599,4 M € | -0.8% | 604,5 M € |
| Operating result | 73,7 M € | -3.0% | 76,0 M € | +16.6% | 65,2 M € | -34.2% | 99,0 M € | +48.2% | 66,8 M € | +9.8% | 60,9 M € | +62.0% | 37,6 M € | -23.4% | 49,1 M € | -43.3% | 86,6 M € | -21.4% | 110,2 M € | +54.1% | 71,5 M € | -82.6% | 411,9 M € | -3.2% | 425,5 M € |
| Net result | -10,2 M € | -111% | 96,5 M € | +336% | 22,1 M € | -46.0% | 41,0 M € | +32.3% | 31,0 M € | -25.6% | 41,7 M € | +55.9% | 26,7 M € | -32.4% | 39,5 M € | +24.2% | 31,8 M € | -61.2% | 82,0 M € | -0.0% | 82,1 M € | -70.3% | 276,3 M € | -3.5% | 286,2 M € |
| Balance sheet | |||||||||||||||||||||||||
| Equity | 864,1 M € | -1.2% | 874,3 M € | +39.9% | 624,7 M € | +3.6% | 602,8 M € | +7.2% | 562,2 M € | +5.3% | 533,9 M € | +2.0% | 523,2 M € | -0.7% | 526,8 M € | +1.8% | 517,7 M € | +0.3% | 516,2 M € | +11.0% | 464,9 M € | +155% | 182,0 M € | -69.9% | 604,6 M € |
| Total assets | 3,7 Md € | +8.1% | 3,4 Md € | +9.2% | 3,1 Md € | +87.7% | 1,7 Md € | +35.6% | 1,2 Md € | -6.3% | 1,3 Md € | -5.4% | 1,4 Md € | +4.9% | 1,3 Md € | -3.0% | 1,4 Md € | -6.8% | 1,5 Md € | -0.8% | 1,5 Md € | +25.6% | 1,2 Md € | +0.3% | 1,2 Md € |
| Cash | 52,1 M € | +267% | 14,2 M € | -15.2% | 16,8 M € | +54.7% | 10,8 M € | +1007% | 977,9 k € | +208% | 317,9 k € | -0.5% | 319,4 k € | -76.3% | 1,3 M € | +144% | 552,5 k € | -42.6% | 962,7 k € | -20.9% | 1,2 M € | -76.6% | 5,2 M € | +18.6% | 4,4 M € |
| Debts | 2,7 Md € | +11.7% | 2,4 Md € | +2.0% | 2,4 Md € | +152% | 942,2 M € | +77.5% | 530,8 M € | -17.8% | 646,0 M € | -11.3% | 728,2 M € | -0.8% | 734,1 M € | -6.0% | 781,0 M € | -11.9% | 886,5 M € | -5.6% | 939,5 M € | +1.3% | 927,5 M € | +84.6% | 502,5 M € |
| Other | |||||||||||||||||||||||||
| Workforce | 1 953,2 ETP | +26.5% | 1 543,9 ETP | +11.7% | 1 382,5 ETP | +1.0% | 1 369,3 ETP | -0.6% | 1 377,8 ETP | -2.4% | 1 411,5 ETP | -2.3% | 1 445,2 ETP | +1.0% | 1 430,6 ETP | +2.2% | 1 399,2 ETP | -1.3% | 1 417,4 ETP | -1.5% | 1 439,6 ETP | -1.4% | 1 459,6 ETP | -5.1% | 1 537,3 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 · 19 active · 112 ended
Active mandates
Sara Puigvert
ActiveBertrand Demonceau
ActiveActive
Active
Laetitia Orsini
ActiveBernard Ramanantsoa
ActiveCaroline Guillaumin
ActiveChristian Luginbühl
ActiveInne Mertens
ActiveJean-Marc Vignolles
ActiveMari-Noëlle Jégo-Laveissière
ActiveMatthieu Bouchery
ActiveXavier Pichon
ActiveEnded mandates
At this address
Other companies at this address
| Company | CBE no. |
|---|---|
Atlas Countries Support● Active | 0568.968.148 |
Atlas International Investments● Active | 0838.949.436 |
ATLAS SERVICES BELGIUM● Active | 0456.704.308 |
BETV● Active | 0435.115.967 |
Enovalife● Active | 0503.997.053 |
FONDATION ORANGE DIGITAL CENTER● Active | 0801.804.374 |
ORANGE BUSINESS BELGIUM● Active | 0440.232.718 |
ORANGE BUSINESS DIGITAL BELGIUM● Active | 0453.257.244 |
Orange NetCo● Active | 1022.514.315 |
Smart Services Network● Active | 0563.470.723 |
Walcom Business Solutions● Active | 0678.686.036 |
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 | 11/06/2026 | 19/05/2025 | 08/05/2024 | 17/05/2023 | 11/05/2022 | 27/05/2021 |
| General meeting | 06/05/2026 | 07/05/2025 | 02/05/2024 | 03/05/2023 | 04/05/2022 | 05/05/2021 |
| 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
82 filings with the NBB
| Model | Closing | General meeting | Filed | Language | Document |
|---|---|---|---|---|---|
| Full modelCorrection | 31/12/2025 | 06/05/2026 | 11/06/2026 | Dutch | |
| Full modelCorrection | 31/12/2025 | 06/05/2026 | 11/06/2026 | French | |
| Full model | 31/12/2025 | 06/05/2026 | 11/05/2026 | Dutch | |
| Full model | 31/12/2025 | 06/05/2026 | 11/05/2026 | French | |
| m120-f-p | 31/12/2025 | 06/05/2026 | 12/05/2026 | French | |
| m120-f-p | 31/12/2025 | 06/05/2026 | 12/05/2026 | Dutch | |
| Full model | 31/12/2024 | 07/05/2025 | 19/05/2025 | French | |
| Full model | 31/12/2024 | 07/05/2025 | 19/05/2025 | Dutch | |
| m120-f-p | 31/12/2024 | 07/05/2025 | 27/05/2025 | French | |
| m120-f-p | 31/12/2024 | 07/05/2025 | 26/05/2025 | Dutch | |
| Full model | 31/12/2023 | 02/05/2024 | 08/05/2024 | Dutch | |
| Full model | 31/12/2023 | 02/05/2024 | 08/05/2024 | French | |
| m120-f-p | 31/12/2023 | 03/05/2024 | 14/05/2024 | French | |
| m120-f-p | 31/12/2023 | 02/05/2024 | 08/05/2024 | Dutch | |
| Full model | 31/12/2022 | 03/05/2023 | 17/05/2023 | Dutch | |
| Full model | 31/12/2022 | 03/05/2023 | 17/05/2023 | French | |
| m120-f-p | 31/12/2022 | 03/05/2023 | 22/05/2023 | Dutch | |
| m120-f-p | 31/12/2022 | 03/05/2023 | 17/05/2023 | French | |
| Full model | 31/12/2021 | 04/05/2022 | 11/05/2022 | Dutch | |
| Full model | 31/12/2021 | 04/05/2022 | 11/05/2022 | French | |
| m120-f-p | 31/12/2021 | 04/05/2022 | 13/05/2022 | Dutch | |
| m120-f-p | 31/12/2021 | 02/05/2022 | 11/05/2022 | French | |
| Full model | 31/12/2020 | 05/05/2021 | 27/05/2021 | French | |
| Full model | 31/12/2020 | 05/05/2021 | 27/05/2021 | 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 · 19 active · 112 ended
Active mandates
Sara Puigvert
ActiveBertrand Demonceau
ActiveActive
Active
Laetitia Orsini
ActiveBernard Ramanantsoa
ActiveCaroline Guillaumin
ActiveChristian Luginbühl
ActiveInne Mertens
ActiveJean-Marc Vignolles
ActiveMari-Noëlle Jégo-Laveissière
ActiveMatthieu Bouchery
ActiveXavier Pichon
ActiveEnded mandates
Shareholders
Ownership and network
Looking for more information about this company?
Try for 7 daysPublications
Belgian Official Gazette
Belgian Official Gazette publications
- Mandates17/09/2026Nomination commissaire, assurance sur le rapport de durabilité
- Mandates17/09/2026Benoeming commissaris, assurance over het duurzaamheidsverslag
- Mandates03/11/2025ONTSLAGEN - BENOEMINGEN
- Mandates03/11/2025DEMISSIONS, NOMINATIONS
- Restructuring27/10/2025KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring27/10/2025CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
- Restructuring25/08/2025RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
- Restructuring25/08/2025CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
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 2025-10,2 M €↓
- 01/10/2025split
- 07/05/2025nominationSara PUIGVERT — bestuurder
- 07/05/2025nominationSara PUIGVERT — administrateur
- 17/04/2025constitution
- 2024Annual accounts 202496,5 M €↑
- 19/07/2024nominationSara Puigvert — administrateur
- 19/07/2024nominationSara Puigvert — bestuurder
- 28/06/2024autre
- 02/05/2024augmentation_capitalNethys SA
- 02/05/2024nominationPhilippe DELUSINNE — bestuurder
- 02/05/2024nominationBertrand DEMONCEAU — bestuurder
- 02/05/2024nominationLaetitia ORSINI — bestuurder
- 02/05/2024apport
- 02/05/2024nominationPhilippe DELUSINNE — administrateur
- 02/05/2024nominationBertrand DEMONCEAU — administrateur
- 02/05/2024nominationLaetitia ORSINI — administrateur
- 01/03/2024autre
- 2023Annual accounts 202322,1 M €↓
- 02/10/2023autre
- 02/06/2023cessionVOO Holding SA
- 03/05/2023reconductionMatthieu BOUCHERY — administrateur
- 03/05/2023reconductionClarisse HERIARD DUBREUIL — administrateur
- 03/05/2023reconductionMari-Noëlle JÉGO-LAVEISSIERE — administrateur
- 03/05/2023reconductionK2A MANAGEMENT AND INVESTMENT SERVICES SPRL — administrateur
- 03/05/2023reconductionLEADERSHIP AND MANAGEMENT ADVISORY SERVICES (LMAS) — administrateur
- 03/05/2023reconductionChristian LUGINBÜHL — administrateur
- 03/05/2023reconductionXavier PICHON — administrateur
- 03/05/2023reconductionTHE HOUSE OF VALUE ADVISORY & SOLUTIONS SRL — administrateur
- 03/05/2023reconductionJean-Marc VIGNOLLES — administrateur
- 03/05/2023nominationCaroline GUILLAUMIN — administrateur
- 03/05/2023nominationInne MERTENS — administrateur
- 03/05/2023nominationBernard RAMANANTSOA — administrateur
- 03/05/2023nominationDeloitte Réviseurs d'Entreprises SRL — commissaire
- 03/05/2023reconductionMatthieu BOUCHERY — bestuurder
- 03/05/2023reconductionClarisse HERIARD DUBREUIL — bestuurder
- 03/05/2023reconductionMari-Noëlle JÉGO-LAVEISSIÈRE — bestuurder
- 03/05/2023reconductionBVBA K2A MANAGEMENT AND INVESTMENT SERVICES — bestuurder
- 03/05/2023reconductionBVBA LEADERSHIP AND MANAGEMENT ADVISORY SERVICES (LMAS) — bestuurder
- 03/05/2023reconductionChristian LUGINBÜHL — bestuurder
- 03/05/2023reconductionXavier PICHON — bestuurder
- 03/05/2023reconductionBV THE HOUSE OF VALUE — ADVISORY & SOLUTIONS — bestuurder
- 03/05/2023reconductionJean-Marc VIGNOLLES — bestuurder
- 03/05/2023nominationCaroline GUILLAUMIN — bestuurder
- 03/05/2023nominationInne MERTENS — bestuurder
- 03/05/2023nominationBernard RAMANANTSOA — bestuurder
- 03/05/2023nominationDeloitte Bedrijfsrevisoren BV — commissaris
- 29/03/2023nominationMOONS Stefan Jozef Albert — bijzondere lasthebber
- 29/03/2023nominationMOONS Stefan Jozef Albert — mandataire spécial
- 2022Annual accounts 202241,0 M €↑
- 14/12/2022autre
- 14/12/2022split
- 2021Annual accounts 202131,0 M €↓
- 01/07/2021nominationChristian LUGINBÜHL — administrateur
- 01/07/2021nominationChristian LUGINBÜHL — bestuurder
- 2020Annual accounts 202041,7 M €↑
- 2019Annual accounts 201926,7 M €↓
- 2018Annual accounts 201839,5 M €↑
- 2017Annual accounts 201731,8 M €↓
- 2016Annual accounts 201682,0 M €↓
- 2015Annual accounts 201582,1 M €↓
- 2008Annual accounts 2008276,3 M €↓
- 2007Annual accounts 2007286,2 M €
- 18/12/1995IncorporationPublic limited company