1. Belgium Stocks

  2. •

    Communication Services

  3. •

    Telecommunications Services
Orange Belgium S.A.

Orange Belgium S.A.

MBISF
Orange Belgium S.A.US flagOther OTC
17.93
USD
- -
- -
1.21BMarket Cap
Orange Belgium S.A.
MBISF
(Other OTC)

Recent

price

17.93

P/E

ratio

- -

div

yld

- -

ROIC.AI

2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
TTM
FRC
24.82
26.11
27.74
27.62
27.5
24.35
20.71
20.23
20.25
19.79
20.43
21.52
21.44
22.16
22.81
- -
22.16
Revenue per Share
4.54
4.34
4.39
3.68
3.09
1.46
0.72
1.28
1.28
0.65
0.54
0.56
0.9
0.66
0.97
- -
0.66
Basic EPS, GAAP
4.59
4.95
4.45
0.48
2.05
-0.75
0.84
1.21
2.19
1.31
1.37
2.66
2.78
2.37
-6.46
- -
2.37
Free Cash Flow per Basic Share
2.81
4.55
4.55
4.3
3.71
1.8
- -
- -
- -
0.5
0.5
0.5
0.5
0.5
- -
- -
- -
Dividend per Share
6.75
6.75
6.96
6.35
5.74
5.4
6.17
7.4
9.37
9.55
9.59
9.65
10.05
10.19
11.27
- -
10.19
Book Value per Share
1.62
2.1
0.94
0.03
-0.15
-2.05
-0.02
0.49
2.9
3.54
3.92
3.51
4.33
4.79
-2.71
- -
4.79
Tangible Book Value per Share
62
60
60
60
60
60
60
60
60
60
60
60
60
60
60
- -
60
Basic Weighted Avg Shares
1,533
1,567
1,665
1,658
1,650
1,461
1,243
1,214
1,215
1,185
1,223
1,290
1,284
1,328
1,367
1,723
1,328
Sales/Revenue/Turnover
27.31
25.69
22.71
20.96
18.01
10.08
6.47
10.53
10.08
5.55
4.12
4.57
5.88
5.73
9.5
7.18
5.73
Operating Margin (%)
173
164
171
190
217
188
194
202
210
230
236
293
303
333
300
393
333
Depreciation Expense
280
260
264
221
186
87
43
77
77
39
32
33
54
40
58
- -
40
Net Income, GAAP
32.18
34.6
29.44
32.79
30.23
27.65
16.9
31.85
23.95
26.6
15.33
16.67
15.75
24.33
28.74
- -
24.33
Effective Tax Rate (%)
18.27
16.61
15.83
13.33
11.25
5.98
3.48
6.31
6.31
3.29
2.65
2.59
4.2
2.99
4.25
- -
2.99
Profit Margin (%)
-354
-427
-257
-292
-223
-214
-656
-339
-188
-205
-203
-266
-413
-220
-530
-605
-220
Working Capital
75
- -
268
293
384
549
95
409
389
320
270
490
263
377
338
2,080
377
LT Debt
452
441
431
394
358
337
384
457
575
583
587
592
614
624
689
664
624
Total Equity
35.29
33.41
33.52
29.47
27.42
13.26
7.24
8.91
9.05
4.67
4.46
4.62
5.38
5.06
7.9
- -
5.06
Return on Invested Capital (%)
38.7
36.76
37.58
32.27
26.49
11.15
5.61
9.14
9
4.61
4.15
3.88
5.21
3.93
6.21
- -
3.93
Return on Capital (%)
48.75
63.34
64.04
55.34
51.19
26.14
12.47
18.81
15.23
6.88
5.66
5.8
9.14
6.55
9.04
0.01
6.55
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'21
Sep'21
Dec'21
ST Debt
66
37
46
LT Borrowings
123
123
122
LT Finance Leases
293
281
255
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
60
60
60
Market Capitalization
1,028
1,053
1,071

Working Capital

FRC

•

in mil. unless spec.
Jun'21
Sep'21
Dec'21
Total Current Assets
312
344
350
Cash, Cash Equivalents & STI
22
61
54
Accounts Receivable, Net
189
190
188
Inventories
19
19
24
Total Current Liabilities
574
559
571
Payables & Accruals
- -
- -
- -
ST Debt
66
37
46
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
7.39%
2.61%
-3.56%
Free Cash Flow
-53.12%
-81.53%
-118.89%
Net Income, GAAP
-5.48%
-3.06%
-99.92%
Sales/Revenue/Turnover
2.09%
7.48%
25.97%
Total Cash Common Dividend
- -
- -
40,200%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
325
319
333
351
1,328
2022
- -
- -
- -
- -
1,367
2023
- -
- -
- -
- -
1,723

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
-0.07
- -
- -
- -
0.66
2022
- -
- -
- -
- -
0.97
2023
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2021
- -
- -
- -
- -
0.5
2022
- -
- -
- -
- -
- -
2023
- -
- -
- -
- -
- -
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Business
Orange Belgium S.A. (OBEL.BR) operates as a leading telecommunications provider in Belgium and Luxembourg, delivering fixed and mobile connectivity services; convergent offerings including internet, telephony, and television with original content such as Be tv and VOOsport; mobile telecommunications via prepaid and postpaid subscriptions; wholesale access to its infrastructure; and advanced services encompassing Big Data, Internet of Things (IoT), virtual telephone exchanges, and IT solutions to residential, business, and operator customers. Founded in 1995 and headquartered in Brussels, the company serves over 3.5 million mobile customers and more than 1 million fixed broadband subscribers primarily in Belgium with ancillary operations in Luxembourg, functioning as a subsidiary of the Orange Group. Orange Belgium maintains top-rated 4G/5G networks and leads in fixed-line speeds up to 1Gbps while emphasizing network investments for technological advancement. In recent developments, Orange Belgium completed the full integration and dissolution of VOO S.A. in October 2025 following its 2023 acquisition, transferring fixed network assets to subsidiary Orange NetCo for accelerated fiber rollout and wholesale partnerships; entered a new Management Services Agreement with parent Orange S.A. in July 2025 for enhanced sourcing, know-how, and roaming access; secured rights to broadcast Premier League and Bundesliga via Play Sports channels in July 2025; and earned Ookla recognition as Belgium's top 5G provider in November 2025.