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ORANGE BELGIUM

Active
Public limited companyfounded 199530 yrs activeBourgetlaan 3, 1140 Evere, BelgiumKBO/BCE: BE 0456.810.810
Summary

ORANGE BELGIUM has been active since 1995 and the Belgian State 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 ~5.6% per year across the filed fiscal years. Its solvency ranks better than 37% of 93 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisWatch ReportCompare
ORANGE BELGIUMActiveChecked score 69/100
Risk analysis ReportCompare

Overview

Activity
Wired, wireless and satellite telecommunications
NACE 61100Telecommunications resale and intermediation services NACE 61200Holdings NACE 64200
#1 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
Financial health
69 Healthy Checked score 2025
Bankruptcy chance 12 m
0.8%
Structure
Parent
ATLAS SERVICES BELGIUM · 76.29%
Board
18 members
Holdings
11
Accounts 80 d early
Why 69- Liquidity: current ratio 0.46, cash €52.1m- Equity €864.1m (23.3% of total assets)- Sector Telecommunications (NACE 61)- Loss of €10.2m (FY 2025)Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 51% of its sector peers (NACE 61)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
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).

Sector median 0.5% (12 companies)
Last 24 months 11-2024: 0.7% 12-2024: 0.7%● 0.0% vs 11-2024 01-2025: 0.7%▲ +4.1% vs 12-2024 02-2025: 0.7%▼ -3.5% vs 01-2025 03-2025: 0.7%▲ +1.8% vs 02-2025 04-2025: 0.7%▲ +3.3% vs 03-2025 05-2025: 0.7%▲ +2.2% vs 04-2025 06-2025: 0.5%▼ -28.4% vs 05-2025 07-2025: 0.5%● 0.0% vs 06-2025 08-2025: 0.5%● 0.0% vs 07-2025 09-2025: 0.5%● 0.0% vs 08-2025 10-2025: 0.5%● 0.0% vs 09-2025 11-2025: 0.5%● 0.0% vs 10-2025 12-2025: 0.5%● 0.0% vs 11-2025 01-2026: 0.5%● 0.0% vs 12-2025 02-2026: 0.5%▼ -3.6% vs 01-2026lowest value 03-2026: 0.5%▲ +1.8% vs 02-2026 04-2026: 0.5%▲ +3.3% vs 03-2026 05-2026: 0.6%▲ +5.4% vs 04-2026 06-2026: 0.8%▲ +36.1% vs 05-2026highest value 07-2026: 0.8%● 0.0% vs 06-2026highest value 08-2026: 0.8%● 0.0% vs 07-2026highest value 09-2026: 0.8%● 0.0% vs 08-2026highest value 10-2026: 0.8%▼ -1.3% vs 09-2026
  • Liquidity: current ratio 0.46, cash €52.1m raises the probability
  • Equity €864.1m (23.3% of total assets) raises the probability
  • Sector Telecommunications (NACE 61) raises the probability
  • Loss of €10.2m (FY 2025) raises the probability
Credit up to €59,600,000 at 30 days acceptable
Liquidity short (current ratio 0.46 against 0.56 in 2024; short-term debt: 23.8% and cash: 1.4% of total assets), and 76.7% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 61). Better than this share of them on solvency 37%, liquidity 50%, profitability 63%, growth against the median 54%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Liquidity: current ratio 0.46, cash €52.1m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €864.1m (23.3% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Sector Telecommunications (NACE 61)
In the bankruptcy model this factor raises the probability.
KBO
raises risk · Loss of €10.2m (FY 2025)
In the bankruptcy model this factor raises the probability.
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 12-05-2026, 80 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
80 d early
2024
73 d early
2023
84 d early
2022
75 d early
2021
81 d 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 for financial year 2024 is on the deadline day, and 47% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 12 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
04-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Merger · ShareholdingDeclaration · Capital · Accounting…
  2. Shareholding · MergerDeclaration · Capital
  3. Other statement · ShareholdingMerger · Declaration · Capital

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 €24,948 · 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 2022 - 2025 €3.9m View
  • A director leftlatest change 03-11-2025 · 18 in office 1 left View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

By topic

Financials

Fiscal year
2025
Turnover
€1.67bn
Loss
-€10.2m
Solvency
23.3%
Turnover▲ 17.5%
Net result
20182025
Go to Financials

Board & ownership

Board
18 members
Parent
ATLAS SERVICES BELGIUM · 76.29%
Known shareholders
100%
Go to Board & ownership

Timeline

Events
89
Since
2004
Next accounts
by 31-07-2027
  1. 28-09-2026Merger · Shareholding
  2. 28-09-2026Shareholding · Merger
  3. 28-09-2026Other statement · Shareholding
Go to Timeline

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
Go to Company details

Articles of association

Provisions read
8
Purpose
Het installeren, exploiteren, beveiligen, onderhouden en commercialiseren van…
Go to Articles of association

Go further with this company

How much credit can you give this customer, and on what term?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 other support did companies like this one receive, and it did not?Subsidies

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