Orange Belgium SA (OBEL) — Tangible Net Worth Ratio
Orange Belgium SA (OBEL) has a Tangible Net Worth Ratio of 19.4% as of December 2025. This metric is calculated by deducting intangible assets (€813.33 Million) from net assets (€1.01 Billion) and expressing it as a percentage of total net assets. A higher ratio means that more of the company's equity is backed by tangible, balance-sheet-verifiable assets rather than goodwill, patents, or brand value. Also explore Orange Belgium SA net asset momentum to track the company's year-over-year net asset growth rate.
Tangible NW Ratio
Net Assets (Equity)
Intangible Assets
Total Assets
Orange Belgium SA Tangible Net Worth Ratio (2004–2025)
This chart shows how Orange Belgium SA's Tangible Net Worth Ratio has changed across 22 annual periods from 2004 to 2025. As of December 2025, the ratio stands at 19.4%, reflecting net assets of €1.01 Billion with intangible assets of €813.33 Million EUR. For live market cap and overall valuation, see OBEL market cap.
Annual Tangible Net Worth Ratio for Orange Belgium SA (2004–2025)
The table below presents the year-by-year Tangible Net Worth Ratio for Orange Belgium SA from 2004 to 2025, covering 22 annual filings. Each row shows net assets, intangible assets, total assets, the tangible net worth ratio, and the change in percentage points versus the prior year. Explore Orange Belgium SA (OBEL) reinvestment ratio to see what proportion of operating cash flow is directed to capital expenditures.
| Year | Tangible NW Ratio | Net Assets (EUR) | Intangible Assets | Total Assets | Change (pp) |
|---|---|---|---|---|---|
| 2025 | 19.4% | €1.01 Billion | €813.30 Million | €4.10 Billion | ▲ +9.2 pp |
| 2024 | 10.2% | €959.25 Million | €861.89 Million | €4.08 Billion | ▲ +46.7 pp |
| 2023 | -36.5% | €664.48 Million | €907.21 Million | €4.13 Billion | ▼ -22.6 pp |
| 2022 | -13.9% | €688.98 Million | €784.63 Million | €2.09 Billion | ▼ -74.2 pp |
| 2021 | 60.4% | €624.16 Million | €247.44 Million | €1.66 Billion | ▲ +1.1 pp |
| 2020 | 59.3% | €613.92 Million | €249.98 Million | €1.75 Billion | ▲ +3.0 pp |
| 2019 | 56.3% | €592.10 Million | €258.63 Million | €1.80 Billion | ▲ +4.9 pp |
| 2018 | 51.4% | €587.14 Million | €285.26 Million | €1.46 Billion | ▲ +7.5 pp |
| 2017 | 43.9% | €542.02 Million | €303.97 Million | €1.44 Billion | ▲ +4.2 pp |
| 2016 | 39.7% | €532.42 Million | €320.79 Million | €1.52 Billion | ▲ +15.7 pp |
| 2015 | 24.0% | €457.11 Million | €347.39 Million | €1.52 Billion | ▲ +14.7 pp |
| 2014 | 9.3% | €380.46 Million | €345.20 Million | €1.44 Billion | ▲ +22.0 pp |
| 2013 | -12.8% | €337.18 Million | €380.20 Million | €1.45 Billion | ▼ -32.7 pp |
| 2012 | 19.9% | €357.80 Million | €286.60 Million | €1.35 Billion | ▼ -0.9 pp |
| 2011 | 20.8% | €393.97 Million | €312.03 Million | €1.38 Billion | ▼ -10.8 pp |
| 2010 | 31.6% | €431.17 Million | €294.78 Million | €1.30 Billion | ▼ -14.9 pp |
| 2009 | 46.6% | €440.83 Million | €235.49 Million | €1.15 Billion | ▲ +6.9 pp |
| 2008 | 39.7% | €452.48 Million | €273.05 Million | €1.20 Billion | ▼ -20.2 pp |
| 2007 | 59.8% | €768.03 Million | €308.71 Million | €1.18 Billion | ▲ +2.4 pp |
| 2006 | 57.4% | €763.77 Million | €325.30 Million | €1.12 Billion | ▲ +7.5 pp |
| 2005 | 49.9% | €716.20 Million | €358.70 Million | €1.12 Billion | ▲ +17.0 pp |
| 2004 | 33.0% | €562.95 Million | €377.37 Million | €1.13 Billion | — |