ACTIVE

COLAS BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result-20,6 M €+58,7 %over 1 year
Revenue139,2 M €+0,2 %over 1 year
Equity30,6 M €+44,4 %over 1 year
Workforce499,0 ETP-5,7 %over 1 year

Identity

Source · BCE/KBO

COLAS BELGIUM is a Public limited company incorporated in 1988. Its main activity is: Construction of roads and motorways. Its registered office is in Bruxelles. It employs on average 499,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0434.888.612
Incorporation
19/07/1988
Legal form
Public limited company
Registered office
Avenue Antoon van Oss 1 box 28A
1120 Bruxelles · BruxellesSee on map
Contributed capital
37 762 625,00 €
Latest accounts
31/12/2025
Average workforce
499,0 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
Good liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 50 filings

Trend over 11 financial years

20252024202320222021
Income statement
Revenue139,2 M €138,8 M €198,8 M €149,4 M €85,2 M €
EBITDA-11,6 M €-45,7 M €-40 M €-22,3 M €-17,1 M €
Operating result-20,6 M €-48,7 M €-28 M €-19,4 M €-26,2 M €
Net result-20,6 M €-49,9 M €-28,8 M €-19 M €-25,8 M €
Balance sheet
Equity30,6 M €21,2 M €36,1 M €64,9 M €13,9 M €
Total assets119,8 M €103,5 M €197,2 M €193,8 M €127,1 M €
Cash202,6 k €1,1 M €7,8 M €1,7 M €6,5 M €
Debts61,4 M €62,2 M €142,8 M €96,4 M €74,8 M €
Other
Workforce499,0 ETP529,3 ETP559,5 ETP509,8 ETP477,4 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 15 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Oliver Kleebach
Director19/01/2024 → 14/03/2030
Aurélien Courson
Director10/04/2014 → 14/03/2030
Axel Blaes
Managing director02/03/2021 → 14/03/2030Directorlisted until the 2020 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Francis Grass
Chairman of the board of directorslisted until the 2020 accountsDirector02/03/2021 → 14/03/2024
Jean Vidal
Director09/04/2020 → 12/02/2021

Other companies at this address

Avenue Antoon van Oss 1 1120 Bruxelles
CompanyCBE no.
Association belge du Soudage - Belgische Vereniging voor Lastechniek● Active
0449.506.611
BAM Contractors-CSM● Active
0781.699.640
BAM Contractors-VBSC● Active
0783.419.510
BCO-Bam Infra Rail – Bovenleiding Hasselt● Active
0767.404.315
BELGOMEALS● Active
0543.789.423
cityline● Active
0887.378.665
De Kompanie● Active
0671.717.872
ELI REAL ESTATE● Active
0479.709.738
Erinion● Active
1025.544.277
european federation for welding joining and cutting● Active
0451.889.445
EUROPEAN HALAL FOOD● Active
0891.253.915
EUROPEAN HALAL FOOD DISTRIBUTION● Active
0666.893.014
FENEKO● Active
0470.157.812
FNK SYSTEMS● Active
0846.246.905
GALERE - BAM CONTRACTORS ANDERLECHT● Active
0849.077.919
IMMO GRANA● Active
0452.354.451
Institut Belge de la Soudure - Belgisch Instituut voor Lastechniek● Active
0406.606.875
INVEST - IMMOB● Active
0450.750.684
KevlinX Belgium● Active
0643.651.418
MARLY P. II● Active
0433.631.867

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 date07/04/202608/04/202515/04/202413/03/202320/06/202225/10/2021
General meeting12/03/202613/03/202514/03/202409/03/202321/04/202208/04/2021
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, 50 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202512/03/202607/04/2026DutchPDF
Full model31/12/202512/03/202607/04/2026FrenchPDF
Consolidated accounts31/12/202523/04/202623/04/2026FrenchPDF
Full model31/12/202413/03/202508/04/2025DutchPDF
Full model31/12/202413/03/202508/04/2025FrenchPDF
Consolidated accounts31/12/202422/04/202507/05/2025FrenchPDF
Full model31/12/202314/03/202415/04/2024DutchPDF
Full model31/12/202314/03/202415/04/2024FrenchPDF
Consolidated accounts31/12/202323/04/202414/06/2024FrenchPDF
Full model31/12/202209/03/202313/03/2023DutchPDF
Full model31/12/202209/03/202313/03/2023FrenchPDF
Consolidated accounts31/12/202225/04/202324/05/2023FrenchPDF
Full model31/12/202121/04/202220/06/2022DutchPDF
Full model31/12/202121/04/202220/06/2022FrenchPDF
Consolidated accounts31/12/202126/04/202227/06/2022FrenchPDF
Full modelCorrection31/12/202008/04/202125/10/2021DutchPDF
Full modelCorrection31/12/202008/04/202125/10/2021FrenchPDF
Full model31/12/202008/04/202110/05/2021DutchPDF
Full model31/12/202008/04/202110/05/2021FrenchPDF
Consolidated accounts31/12/202020/04/202115/05/2021FrenchPDF
Full model31/12/201909/04/202008/05/2020DutchPDF
Full model31/12/201909/04/202008/05/2020FrenchPDF
Consolidated accounts31/12/201922/04/202020/05/2020FrenchPDF
Full model31/12/201811/04/201908/05/2019DutchPDF

View all 50 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 · 15 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Oliver Kleebach
Director19/01/2024 → 14/03/2030
Aurélien Courson
Director10/04/2014 → 14/03/2030
Axel Blaes
Managing director02/03/2021 → 14/03/2030Directorlisted until the 2020 accountsended

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Francis Grass
Chairman of the board of directorslisted until the 2020 accountsDirector02/03/2021 → 14/03/2024
Jean Vidal
Director09/04/2020 → 12/02/2021

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates20/07/2026
    Ontslag van een bestuurder-Benoeming van bestuurders-Benoeming van
    PDF
  • Mandates20/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Other02/07/2026
    —
    PDF
  • Mandates10/06/2026
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates04/02/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/02/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Other28/11/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Other28/11/2025
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …)
    PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts
Year
Identity
Incorporation
Name
Registered office
Annual accounts
Filings11 filings
Mandates
Oliver Kleebach
Aurélien Courson
Axel Blaes
Francis Grass
Jean Vidal
Colas NV
Colas SA
Pierre Majoral
Philippe Claeys
Laurent Le Boulc'h
Laurent Le Boul'ch
Frederic Gardes
1988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027202820292030
COLAS BELGIUM
Avenue Antoon van Oss 1 bte 28A, 1120 Neder-Over-Heembeek
Director
Director
Managing director
Director
Director
Director
Managing director
Director
Director
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Avenue Antoon van Oss 1 bte 28A, 1120 Neder-Over-HeembeekCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00077247

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
COLAS BELGIUMCurrent
accounts 2021 → 2025
Accounts 2025 · 2026-00077247

Events

  1. 2025
    Annual accounts 2025-20,6 M €↑
  2. 04/12/2025
    nominationPierre Mairy · Directeur Waals Gewest
  3. 04/12/2025
    nominationFabrice Henry · operationeel directeur van het Waals Gewest
  4. 04/12/2025
    nominationPierre Mairy · Directeur Région Wallonne
  5. 04/12/2025
    nominationFabrice Henry · Directeur opérationnel Région Wallonne
  6. 13/03/2025
    nominationRomain Seffer · commissaris
  7. 13/03/2025
    nominationPwC Reviseurs d'Entreprises · commissaire
  8. 13/03/2025
    nominationRomain Seffer · représentant permanent
  9. 2024
    Annual accounts 2024-49,9 M €↓
  10. 14/03/2024
    nominationAurélien Courson · bestuurder
  11. 14/03/2024
    nominationAxel Blaes · bestuurder
  12. 14/03/2024
    nominationOliver Kleebach · bestuurder
  13. 14/03/2024
    nominationAurélien Courson · administrateur
  14. 14/03/2024
    nominationAxel Blaes · administrateur
  15. 14/03/2024
    nominationOliver Kleebach · administrateur
  16. 14/03/2024
    reconductionAxel Blaes · administrateur délégué
  17. 19/01/2024
    nominationOliver Kleebach · bestuurder
  18. 19/01/2024
    nominationOliver Kleebach · administrateur
  19. 2023
    Annual accounts 2023-28,8 M €↓
  20. 28/12/2023
    reduction_capital
  21. 01/01/2023
    nominationFabrice Henry · operationeel directeur “Werken”
  22. 01/01/2023
    nominationPierre Morrier · bijzondere volmachten
  23. 01/01/2023
    nominationFabrice Henry · Directeur opérationnel « Travaux »
  24. 01/01/2023
    nominationPierre Morrier · mandats spéciaux
  25. 01/01/2023
    nominationPierre Mairy · Directeur opérationnel « Travaux »
  26. 01/01/2023
    nominationFabrice Henri · Directeur opérationnel « Travaux »
  27. 01/01/2023
    nominationThomas Flandre · Directeur technique
  28. 01/01/2023
    nominationEric Przybylski · Directeur opérationnel « Travaux »
  29. 01/01/2023
    nominationPierre Mairy · operationeel directeur “Werken ” voor de regio Luik en Luxemburg
  30. 01/01/2023
    nominationFabrice Henri · operationeel directeur “Werken” voor de regio Namen, Waals-Brabant en Henegouwen
  31. 01/01/2023
    nominationThomas Flandre · Technisch Directeur
  32. 01/01/2023
    nominationEric Przybylski · Operationeel Directeur “Werken”, specialiteit asfalt en dunne verhardingen
  33. 2022
    Annual accounts 2022-19 M €↑
  34. 22/12/2022
    augmentation_capital
  35. 22/12/2022
    reduction_capital
  36. 21/04/2022
    nominationBV PwC Bedrijfsrevisoren · commissaris
  37. 21/04/2022
    nominationPwC Reviseurs d'Entreprises · commissaire
  38. 21/04/2022
    nominationRomain Seffer · commissaire (représentant de la SRL PwC Reviseurs d'Entreprises)
  39. 2021
    Annual accounts 2021-25,8 M €↓
  40. 02/03/2021
    reconductionAxel Blaes · Afgevaardigd bestuurder
  41. 01/02/2021
    reconductionJean Christophe Briges · COO Wallonië
  42. 2020
    Annual accounts 2020-19,3 M €↓
  43. 2019
    Annual accounts 20191,4 M €↓
  44. 2018
    Annual accounts 20182,5 M €↑
  45. 2017
    Annual accounts 20171,8 M €↓
  46. 2016
    Annual accounts 20166,2 M €↓
  47. 2008
    Annual accounts 200811,3 M €
  48. 19/07/1988
    IncorporationPublic limited company