Orange Belgium SA
Orange Belgium S.A., together with its subsidiaries, provides telecommunication services in Belgium and Luxembourg. It offers mobile telecommunications, internet, and television services to residential clients, as well as mobile and fixed line services to businesses and corporates. The company also provides unified communication, big data, analytics, internet of things, security, and multi-site s… Read more
Orange Belgium SA (OBEL) - Net Assets
Latest net assets as of June 2025: €962.60 Million EUR
Based on the latest financial reports, Orange Belgium SA (OBEL) has net assets worth €962.60 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€4.04 Billion) and total liabilities (€3.07 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €962.60 Million |
| % of Total Assets | 23.85% |
| Annual Growth Rate | N/A |
| 5-Year Change | 61.59% |
| 10-Year Change | 89.44% |
| Growth Volatility | 15.98 |
Orange Belgium SA - Net Assets Trend (2000–2025)
This chart illustrates how Orange Belgium SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Orange Belgium SA (2000–2025)
The table below shows the annual net assets of Orange Belgium SA from 2000 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €1.01 Billion | +5.14% |
| 2024-12-31 | €959.25 Million | +44.36% |
| 2023-12-31 | €664.48 Million | -3.56% |
| 2022-12-31 | €688.98 Million | +10.39% |
| 2021-12-31 | €624.16 Million | +1.67% |
| 2020-12-31 | €613.92 Million | +3.69% |
| 2019-12-31 | €592.10 Million | +0.84% |
| 2018-12-31 | €587.14 Million | +8.32% |
| 2017-12-31 | €542.02 Million | +1.80% |
| 2016-12-31 | €532.42 Million | +16.48% |
| 2015-12-31 | €457.11 Million | +20.15% |
| 2014-12-31 | €380.46 Million | +12.84% |
| 2013-12-31 | €337.18 Million | -5.76% |
| 2012-12-31 | €357.80 Million | -9.18% |
| 2011-12-31 | €393.97 Million | -8.63% |
| 2010-12-31 | €431.17 Million | -2.19% |
| 2009-12-31 | €440.83 Million | -2.58% |
| 2008-12-31 | €452.48 Million | -41.09% |
| 2007-12-31 | €768.03 Million | +0.56% |
| 2006-12-31 | €763.77 Million | +6.64% |
| 2005-12-31 | €716.20 Million | +27.22% |
| 2004-12-31 | €562.95 Million | -- |
| 2003-12-31 | €0.00 | -- |
| 2002-12-31 | €0.00 | -- |
| 2001-12-31 | €-1.37 Billion | -647.63% |
| 2000-12-31 | €-183.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Orange Belgium SA's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 70880000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €708.80 Million | 70.28% |
| Common Stock | €148.10 Million | 14.69% |
| Other Comprehensive Income | €14.80 Million | 1.47% |
| Other Components | €136.80 Million | 13.56% |
| Total Equity | €1.01 Billion | 100.00% |
Orange Belgium SA Competitors by Market Cap
The table below lists competitors of Orange Belgium SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qingdao NovelBeam Technology Co. Ltd. A
SHG:688677
|
$264.14 Million |
|
Ginwa Enterprise Group Inc
SHG:600080
|
$264.23 Million |
|
Prosegur
MC:PSG
|
$264.25 Million |
|
Hunan Huasheng Co Ltd
SHG:600156
|
$264.36 Million |
|
Aurionpro Solutions Limited
NSE:AURIONPRO
|
$264.00 Million |
|
CellaVision AB
ST:CEVI
|
$263.99 Million |
|
CLS Holdings plc
PINK:CLIHF
|
$263.93 Million |
|
PT Hanjaya Mandala Sampoerna Tbk
PINK:PHJMF
|
$263.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Orange Belgium SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 959,254,000 to 1,008,500,000, a change of 49,246,000 (5.1%).
- Net income of 41,300,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 15,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €41.30 Million | +4.1% |
| Other Comprehensive Income | €-15.00K | -0.0% |
| Other Changes | €7.96 Million | +0.79% |
| Total Change | €- | 5.13% |
Book Value vs Market Value Analysis
This analysis compares Orange Belgium SA's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.32x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 17.35x to 1.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | €1.14 | €19.80 | x |
| 2003-12-31 | €4.73 | €19.80 | x |
| 2004-12-31 | €8.95 | €19.80 | x |
| 2005-12-31 | €11.35 | €19.80 | x |
| 2006-12-31 | €12.07 | €19.80 | x |
| 2007-12-31 | €12.13 | €19.80 | x |
| 2008-12-31 | €7.33 | €19.80 | x |
| 2009-12-31 | €7.35 | €19.80 | x |
| 2010-12-31 | €7.18 | €19.80 | x |
| 2011-12-31 | €6.56 | €19.80 | x |
| 2012-12-31 | €5.96 | €19.80 | x |
| 2013-12-31 | €5.62 | €19.80 | x |
| 2014-12-31 | €6.34 | €19.80 | x |
| 2015-12-31 | €7.62 | €19.80 | x |
| 2016-12-31 | €8.87 | €19.80 | x |
| 2017-12-31 | €9.05 | €19.80 | x |
| 2018-12-31 | €9.81 | €19.80 | x |
| 2019-12-31 | €9.87 | €19.80 | x |
| 2020-12-31 | €10.25 | €19.80 | x |
| 2021-12-31 | €10.41 | €19.80 | x |
| 2022-12-31 | €11.49 | €19.80 | x |
| 2023-12-31 | €11.08 | €19.80 | x |
| 2024-12-31 | €14.78 | €19.80 | x |
| 2025-12-31 | €14.96 | €19.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Orange Belgium SA utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.10%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 4.07x
- Recent ROE (4.10%) is below the historical average (32.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 149.65% | 10.27% | 0.96x | 15.24x | €95.60 Million |
| 2003 | 76.86% | 19.61% | 1.19x | 3.29x | €197.81 Million |
| 2004 | 43.16% | 18.12% | 1.19x | 2.00x | €186.68 Million |
| 2005 | 37.74% | 18.63% | 1.30x | 1.56x | €198.67 Million |
| 2006 | 39.22% | 19.02% | 1.41x | 1.46x | €223.17 Million |
| 2007 | 37.74% | 18.82% | 1.30x | 1.54x | €213.03 Million |
| 2008 | 61.90% | 17.88% | 1.31x | 2.65x | €234.84 Million |
| 2009 | 59.04% | 16.61% | 1.36x | 2.62x | €216.20 Million |
| 2010 | 61.12% | 15.83% | 1.28x | 3.02x | €220.43 Million |
| 2011 | 56.10% | 13.33% | 1.20x | 3.51x | €181.62 Million |
| 2012 | 51.90% | 11.25% | 1.23x | 3.76x | €149.91 Million |
| 2013 | 25.92% | 5.98% | 1.01x | 4.30x | €53.69 Million |
| 2014 | 11.38% | 3.46% | 0.87x | 3.80x | €5.24 Million |
| 2015 | 16.76% | 6.20% | 0.81x | 3.32x | €30.88 Million |
| 2016 | 14.39% | 6.17% | 0.81x | 2.86x | €23.37 Million |
| 2017 | 7.19% | 3.12% | 0.87x | 2.65x | €-15.21 Million |
| 2018 | 5.52% | 2.65% | 0.84x | 2.49x | €-26.28 Million |
| 2019 | 5.74% | 2.63% | 0.72x | 3.04x | €-25.23 Million |
| 2020 | 8.79% | 4.20% | 0.73x | 2.85x | €-7.41 Million |
| 2021 | 6.36% | 2.99% | 0.80x | 2.66x | €-22.69 Million |
| 2022 | 8.44% | 4.18% | 0.67x | 3.04x | €-10.74 Million |
| 2023 | 0.01% | 0.00% | 0.42x | 6.21x | €-66.40 Million |
| 2024 | 2.31% | 1.11% | 0.49x | 4.25x | €-73.73 Million |
| 2025 | 4.10% | 2.10% | 0.48x | 4.07x | €-59.55 Million |
Industry Comparison
This section compares Orange Belgium SA's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $4,535,000,000
- Average return on equity (ROE) among peers: 9.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Orange Belgium SA (OBEL) | €962.60 Million | 149.65% | 3.19x | $264.12 Million |
| Proximus NV (PROX) | $4.54 Billion | 9.86% | 1.94x | $1.03 Billion |