Orange Belgium SA (OBEL) — Working Capital to Net Assets Ratio
Orange Belgium SA (OBEL) has a Working Capital to Net Assets ratio of -43.2% as of December 2025. Working capital of €-435.99 Million (current assets of €521.42 Million minus current liabilities of €957.40 Million) is measured against net assets of €1.01 Billion. A higher ratio indicates strong short-term liquidity financed by the equity base. See how leveraged is Orange Belgium SA's balance sheet to measure how much of total assets are equity-financed.
WC/NA Ratio
Working Capital
Current Assets
Current Liabilities
Orange Belgium SA Working Capital to Net Assets (2004–2025)
This chart shows how Orange Belgium SA's Working Capital to Net Assets ratio has evolved across 22 annual periods from 2004 to 2025. As of December 2025, the ratio stands at -43.2%, reflecting working capital of €-435.99 Million against net assets of €1.01 Billion EUR. Check tangible net worth ratio of Orange Belgium SA to evaluate the tangible quality of the company's equity base.
Annual Working Capital to Net Assets for Orange Belgium SA (2004–2025)
The table below presents the year-by-year Working Capital to Net Assets ratio for Orange Belgium SA from 2004 to 2025, covering 22 annual filings. Each row shows current assets, current liabilities, working capital, net assets, the ratio, and the change in percentage points compared to the prior year. For live market cap and the full company profile, see OBEL company net worth.
| Year | WC/NA Ratio | Working Capital (EUR) | Net Assets | Current Assets | Current Liabilities | Change (pp) |
|---|---|---|---|---|---|---|
| 2025 | -43.2% | €-436.00 Million | €1.01 Billion | €521.40 Million | €957.40 Million | ▼ -11.5 pp |
| 2024 | -31.7% | €-304.35 Million | €959.25 Million | €468.33 Million | €772.68 Million | ▲ +59.3 pp |
| 2023 | -91.0% | €-604.70 Million | €664.48 Million | €462.80 Million | €1.07 Billion | ▼ -14.0 pp |
| 2022 | -77.0% | €-530.28 Million | €688.98 Million | €315.18 Million | €845.47 Million | ▼ -41.7 pp |
| 2021 | -35.3% | €-220.24 Million | €624.16 Million | €350.35 Million | €570.59 Million | ▲ +31.9 pp |
| 2020 | -67.2% | €-412.63 Million | €613.92 Million | €374.70 Million | €787.33 Million | ▼ -22.3 pp |
| 2019 | -44.9% | €-265.86 Million | €592.10 Million | €363.78 Million | €629.64 Million | ▼ -10.3 pp |
| 2018 | -34.6% | €-203.07 Million | €587.14 Million | €326.92 Million | €529.99 Million | ▲ +13.7 pp |
| 2017 | -48.3% | €-261.83 Million | €542.02 Million | €238.36 Million | €500.19 Million | ▼ -1.1 pp |
| 2016 | -47.2% | €-251.30 Million | €532.42 Million | €275.11 Million | €526.42 Million | ▲ +27.0 pp |
| 2015 | -74.2% | €-339.31 Million | €457.11 Million | €236.87 Million | €576.18 Million | ▲ +97.3 pp |
| 2014 | -171.5% | €-652.58 Million | €380.46 Million | €243.45 Million | €896.02 Million | ▼ -108.0 pp |
| 2013 | -63.5% | €-214.26 Million | €337.18 Million | €278.75 Million | €493.02 Million | ▼ -1.1 pp |
| 2012 | -62.5% | €-223.50 Million | €357.80 Million | €301.23 Million | €524.72 Million | ▲ +11.7 pp |
| 2011 | -74.1% | €-292.06 Million | €393.97 Million | €311.18 Million | €603.24 Million | ▼ -14.4 pp |
| 2010 | -59.7% | €-257.45 Million | €431.17 Million | €283.20 Million | €540.65 Million | ▲ +37.1 pp |
| 2009 | -96.9% | €-426.98 Million | €440.83 Million | €270.63 Million | €697.61 Million | ▼ -18.7 pp |
| 2008 | -78.2% | €-353.64 Million | €452.48 Million | €302.37 Million | €656.01 Million | ▼ -59.7 pp |
| 2007 | -18.5% | €-141.71 Million | €768.03 Million | €256.98 Million | €398.69 Million | ▼ -11.9 pp |
| 2006 | -6.6% | €-50.08 Million | €763.77 Million | €289.94 Million | €340.02 Million | ▲ +9.4 pp |
| 2005 | -16.0% | €-114.30 Million | €716.20 Million | €278.49 Million | €392.79 Million | ▼ -17.1 pp |
| 2004 | 1.1% | €6.22 Million | €562.95 Million | €310.10 Million | €303.88 Million | — |