ACTIVE

Colas Noord

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Financial year 2025 · Closed on 31/12/2025

Net result-756,7 k €-14,1 %over 1 year
Revenue157,9 M €-2,8 %over 1 year
Equity3,9 M €-16,4 %over 1 year
Workforce472,1 ETP-5,0 %over 1 year

Identity

Source · BCE/KBO

Colas Noord is a Public limited company incorporated in 1937. Its main activity is: Construction of roads and motorways. Its registered office is in Heusden-Zolder. It employs on average 472,1 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0404.206.225
Incorporation
07/05/1937
Legal form
Public limited company
Registered office
Dellestraat 25
3550 Heusden-Zolder · FlandreSee on map
Contributed capital
8 144 053,24 €
Latest accounts
31/12/2025
Average workforce
472,1 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
Healthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 11 financial years

20252024202320222021
Income statement
Revenue157,9 M €162,4 M €144,9 M €97,5 M €84,3 M €
EBITDA-1,3 M €1,8 M €-5,9 M €1,4 M €3,1 M €
Operating result-268,6 k €6,1 k €-7,4 M €642,5 k €1,6 M €
Net result-756,7 k €-663,2 k €-7,6 M €-68,5 k €1,2 M €
Balance sheet
Equity3,9 M €4,6 M €5,3 M €8,7 M €8,7 M €
Total assets66,9 M €67,5 M €59,6 M €45,8 M €53,8 M €
Cash19,6 k €275,5 k €125,7 k €9,2 k €3,2 M €
Debts56 M €53,4 M €44,9 M €29,5 M €36,7 M €
Other
Workforce472,1 ETP497,1 ETP450,2 ETP325,8 ETP325,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 20 ended

Active mandates

Bart De Smedt

Director · since 10 octobre 2023 · until 09 juin 2027

Active
COLAS BELGIUM

Director · since 09 juin 2021 · until 13 mars 2026 · 0434.888.612

Represented by Axel Blaes

Active
Francois Hendrickx

Director · since 09 juin 2021 · until 09 juin 2027

Active

Ended mandates

COLAS BELGIUM

Director · since 09 juin 2021 · until 09 juin 2027 · 0434.888.612

Represented by Philippe Claeys

Ended
Luc Geeroms

Director · since 09 juin 2021 · until 09 juin 2027

Ended
Axel Blaes

Director · since 16 avril 2021 · until 09 juin 2021

Ended
Axel Blaes

Director · since 16 avril 2021 · until 19 avril 2024

Ended

Other companies at this address

Dellestraat 25 3550 Heusden-Zolder
CompanyCBE no.
ASFALT PRODUCTIE LIMBURG● Active
0460.868.675
Paragon Customer Communications Belgium● Active
0436.270.564
THV VBG NV - ASWEBO NV E313● Active
0676.842.145
TM BALANSSTRAAT● Active
1011.095.534
TM Colas N715 Fietspaden● Active
0782.217.502
TM Noorderlaan 2020● Active
0749.780.504
TV Colas-Deckx-E34 Fase 5● Active
0729.967.956
TV NV VBG - NV Etablissement Frateur De Pourcq● Active
0687.533.228

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date12/05/202615/05/202514/05/202419/04/202329/06/202225/06/2021
General meeting18/04/202618/04/202519/04/202430/03/202308/06/202209/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202518/04/202612/05/2026DutchPDF
Full model31/12/202418/04/202515/05/2025DutchPDF
Full model31/12/202319/04/202414/05/2024DutchPDF
Full model31/12/202230/03/202319/04/2023DutchPDF
Full model31/12/202108/06/202229/06/2022DutchPDF
Full model31/12/202009/06/202125/06/2021DutchPDF
Full model31/12/201910/06/202007/07/2020DutchPDF
Full model31/12/201812/06/201908/07/2019DutchPDF
Full model31/12/201713/06/201822/06/2018DutchPDF
Full model31/12/201614/06/201730/06/2017DutchPDF
Full model31/12/201508/06/201627/06/2016DutchPDF
Full model31/12/201410/06/201501/07/2015DutchPDF
Full model31/12/201311/06/201403/07/2014DutchPDF
Full model31/12/201212/06/201301/07/2013DutchPDF
Full model31/12/201113/06/201204/07/2012DutchPDF
Full model31/12/201008/06/201104/07/2011DutchPDF
Full model31/12/200909/06/201002/07/2010DutchPDF
Full model31/12/200810/06/200929/06/2009DutchPDF
Full model31/12/200711/06/200810/07/2008DutchPDF
Full model31/12/200613/06/200704/07/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 20 ended

Active mandates

Bart De Smedt

Director · since 10 octobre 2023 · until 09 juin 2027

Active
COLAS BELGIUM

Director · since 09 juin 2021 · until 13 mars 2026 · 0434.888.612

Represented by Axel Blaes

Active
Francois Hendrickx

Director · since 09 juin 2021 · until 09 juin 2027

Active

Ended mandates

COLAS BELGIUM

Director · since 09 juin 2021 · until 09 juin 2027 · 0434.888.612

Represented by Philippe Claeys

Ended
Luc Geeroms

Director · since 09 juin 2021 · until 09 juin 2027

Ended
Axel Blaes

Director · since 16 avril 2021 · until 09 juin 2021

Ended
Axel Blaes

Director · since 16 avril 2021 · until 19 avril 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates31/07/2026
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Mandates22/06/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/05/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates06/09/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates11/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring15/06/2023
    DOEL - KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Restructuring06/04/2023
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 29/04/2026
    nominationBart De Smedt — voorzitter van de Raad van Bestuur
  2. 23/04/2026
    nominationOliver Kleebach — vaste vertegenwoordiger van COLAS BELGIUM NV als bestuurder
  3. 2025
    Annual accounts 2025-756,7 k €↓
  4. 18/04/2025
    nominationRomain Seffer — commissaris
  5. 2024
    Annual accounts 2024-663,2 k €↑
  6. 19/04/2024
    nominationAxel Blaes — vaste vertegenwoordiger van Colas Belgium, bestuurder
  7. 19/04/2024
    nominationFrançois Hendrickx — bestuurder
  8. 19/04/2024
    nominationBart De Smedt — bestuurder
  9. 2023
    Annual accounts 2023-7,6 M €↓
  10. 11/10/2023
    nominationBart De Smedt — gedelegeerd bestuurder
  11. 10/10/2023
    nominationBart De Smedt — bestuurder
  12. 10/05/2023
    augmentation_capital
  13. 2023
    Name changeColas Nord
  14. 2022
    Annual accounts 2022-68,5 k €↓
  15. 08/06/2022
    nominationPwC Bedrijfsrevisoren — commissaris
  16. 08/06/2022
    nominationRomain Seffer — vertegenwoordiger van de commissaris
  17. 2021
    Annual accounts 20211,2 M €↑
  18. 2021
    Name changeColas Noord
  19. 2020
    Annual accounts 2020109 k €↓
  20. 2019
    Annual accounts 20192 M €↑
  21. 2018
    Annual accounts 20181,5 M €↑
  22. 2017
    Annual accounts 2017-1 M €↓
  23. 2016
    Annual accounts 2016-129,7 k €↓
  24. 2008
    Annual accounts 20085,7 M €
  25. 07/05/1937
    IncorporationPublic limited company