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NOKIA BELL

Active
Public limited companyfounded 1918active for 108 yearsCopernicuslaan 50, 2018 Antwerpen, BelgiumKBO/BCE: BE 0404.621.642
Summary

NOKIA BELL has been active since 1918 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €168.8m and a net result of €36.9m. Equity is shrinking by about 5.8% per year across the filed financial years. Its solvency ranks better than 61% of 172 sector peers (NACE 26, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow ReportCompare
NOKIA BELLActiveChecked score 96/100
Risk analysis ReportCompare

Overview

Activity
Manufacture of computer, electronic and optical products
NACE 26300
Largest employer in Belgium, Computer and electronic products sector1 site
Size
€383.1moperating revenue 2025
Staff
1,175.1 FTE
Equity
€168.8m
Profit
€36.9m
Financial health
96 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
Parent
Nokia Oyj
Holdings
1
Auditor: Deloitte Bedrijfsrevisoren B.V. o.v.v.e. CVBA2025 accounts 35 days early8 of 46 deeds summarised
Why 96raises riskLiquidity: current ratio 1.99, cash €491,652lowers riskSize: turnover €186.7m, 1,175.1 FTE, total assets €281.9mFounded in 1918Equity €168.8m (59.9% of total assets)Show the evidence

Checked score

Score 2025
96 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 68% of its sector peers (all companies)
Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Strong
Solvency 85+8
equity 59.9% of total assets
Liquidity 36+6
short-term debt 32.1% · cash 0.2%
Profitability 90=
return on assets 13.1%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11 companies, NACE 26, large)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.2%▲ +0.1 percentage points vs 07-2026 09-2026: 0.3%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 0.1%▼ -0.2 percentage points vs 09-2026lowest value
Credit of up to €16,200,000 on 30-day terms is acceptable
Liquidity ample (current ratio 1.99, compared with 1.41 in 2024, above the usual 1.5; short-term debt: 32.1% and cash: 0.2% of total assets), and 40.1% 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 74% on solvency, 36% on liquidity, 95% on profitability and 66% on growth.

The bankruptcy probability was computed on 24-10-2026 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.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.99, cash €491,652
NBB · annual accounts
lowers risk · Size: turnover €186.7m, 1,175.1 FTE, total assets €281.9m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Founded in 1918
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
lowers risk · Equity €168.8m (59.9% of total assets)
NBB · annual accounts
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 26-06-2026, 35 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
35 days early
2024
41 days early
2023
23 days early
2022
21 days early
2021
12 days early
2020
32 days early
2019
7 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 22 days before the deadline; the sector median (NACE 26) for financial year 2024 is 8 days before the deadline, and 34% 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 9 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
25-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Purpose · RestructuringMerger · Declaration · Purpose…
  2. Resignations: Björn CAPENS, Deckers, Carl and…Appointments: Björn CAPENS, Deckers, Carl…
  3. Annual accounts filedfinancial year 2025 · full…

Key points

  • Caution: Directors leftlatest change 24-07-2026 · 2 in office 6 left View
  • Positive: Largest employer in Belgium, Computer and electronic products sectorin the Checked rankings No. 1 View
  • Positive: 8 profitable years in a rowprofit 2025: €36.9m 8 years View
  • Controlled by Nokia Oyjultimately: Nokia Solutions and Networks… parent View
  • Active since 1918founded 01-01-1918 108 years View
  • Positive: Filed on time since financial year 2020accounts within the deadline every year 6 years View
  • Positive: Equity rose in 2025from €131.8m to €168.8m ▲ 28.0% View
  • EU research moneyEU contribution €9.2m View

By topic

Financials

Financial year
2025
Turnover
€186.7m
Profit
€36.9m
Solvency
59.9%
Turnover=
Net result
20182025
Go to Financials

Board & ownership

Board
2 members
Parent
Nokia Oyj
Auditor
Deloitte Bedrijfsrevisoren B.V. o.v.v.e…
  • Casper VerbeekDirector
  • SIMULA Tatu Mikko VermeriDirector
Go to Board & ownership

Network & group

Group
Nokia Solutions and Networks…
Holdings
1
Mergers and asset contributions
1

1 holding

Go to Network & group

Timeline

Events
64
Since
1978
Next accounts
by 31-07-2027
  1. 10-07-2025Reappointments: Jeanmarie GRISI, Capens, Björn and 4…
  2. 20-06-2025Annual accounts filed
  3. 26-05-2025Appointment: Casper Verbeek (director)
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Manufacture of computer, electronic and optical productsNACE 26300
Founded
01-01-1918
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
63
Purpose
“A) de studie, de ontwikkeling, de vervaardiging, de inrichting, de verkoop, de aankoop…” (deed in Dutch)
Go to Articles of association

Key facts about NOKIA BELL

What is the company number of NOKIA BELL?
0404.621.642. In Belgium the VAT number is the company number with BE in front: BE 0404.621.642.
Where is NOKIA BELL based?
The registered office is at Copernicuslaan 50, 2018 Antwerpen.Company details
What does NOKIA BELL do?
According to the KBO register, the main activity is manufacture of computer, electronic and optical products (NACE 26300).
What is the legal form of NOKIA BELL?
Public limited company (NV).
When was NOKIA BELL founded?
On 01-01-1918.
Is NOKIA BELL still active?
Yes, NOKIA BELL is an active enterprise in the KBO register.
How many employees does NOKIA BELL have?
On average 1,175.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of NOKIA BELL?
€186.7m in financial year 2025, according to the filed annual accounts.
Is NOKIA BELL profitable?
In financial year 2025, NOKIA BELL made a profit of €36.9m.
Where can I find the annual accounts of NOKIA BELL?
NOKIA BELL filed 55 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of NOKIA BELL due?
By 31-07-2027, for financial year 2026.Timeline

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How much credit can you give this customer, and on what payment terms?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What support did similar companies receive that this one did not?Subsidies

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