ACTIVE

PICARD CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

1,1 M €

+303.2% YoY

Revenue

34,4 M €

+32.5% YoY

Equity

2,7 M €

+67.0% YoY

Workforce

87,2 ETP

+10.0% YoY

What does PICARD CONSTRUCT do?

PICARD CONSTRUCT is a Public limited company incorporated in 1999. Its registered office is in Tenneville. It employs on average 87,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.839.530

Incorporation

09/04/1999

Legal form

Public limited company

Registered office

Ramont 8
6970 Tenneville · WallonieSee on map

Contributed capital

255 746,79 €

Latest accounts

31/12/2025

Average workforce

87,2 ETP

Joint committees (5)

124
1240
200
2000
218

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	34,4 M €	+32.5%	26 M €	-3.0%	26,8 M €	+31.5%	20,4 M €	-9.4%	22,5 M €	+29.8%	17,3 M €	-32.8%	25,8 M €	+45.9%	17,7 M €	+11.9%	15,8 M €	-19.9%	19,7 M €	+26.2%	15,6 M €	+8.8%	14,3 M €	+15.8%	12,4 M €	+8.8%	11,4 M €		–		–		–		–		–		–
EBITDA	2,2 M €	+105%	1,1 M €	-16.6%	1,3 M €	+170%	470,3 k €	-51.3%	965,8 k €	+32.7%	727,5 k €	-22.7%	940,6 k €	+41.8%	663,2 k €	+35.9%	487,9 k €	+20.9%	403,6 k €	-14.4%	471,5 k €	-8.9%	517,5 k €	+53.1%	337,9 k €	+93.0%	175,1 k €	-45.6%	322 k €	+39.5%	230,8 k €	-4.5%	241,7 k €	-10.7%	270,8 k €	+32.6%	204,2 k €	+15.9%	176,2 k €
Operating result	1,6 M €	+192%	537,2 k €	-27.1%	736,8 k €	+1487%	-53,1 k €	-115%	364,3 k €	+138%	152,8 k €	-64.1%	425,2 k €	+18.5%	358,7 k €	+42.6%	251,5 k €	+62.2%	155,1 k €	-35.5%	240,5 k €	-22.0%	308,4 k €	+88.3%	163,8 k €	+4184%	3,8 k €	-97.3%	143,4 k €	+390%	29,3 k €	-57.3%	68,5 k €	-24.6%	90,8 k €	+76.8%	51,4 k €	+51.6%	33,9 k €
Net result	1,1 M €	+303%	264,5 k €	-40.3%	442,7 k €	+388%	-153,8 k €	-180%	191,6 k €	+261%	53,1 k €	-78.6%	248,1 k €	+22.6%	202,3 k €	+45.9%	138,7 k €	+83.1%	75,8 k €	-43.6%	134,3 k €	-2.8%	138,2 k €	+108%	66,4 k €	+229%	-51,4 k €	-199%	51,7 k €	+281%	-28,6 k €	-240%	20,5 k €	+414%	4 k €	-43.9%	7,1 k €	+210%	-6,4 k €
Balance sheet
Equity	2,7 M €	+67.0%	1,6 M €	+19.9%	1,3 M €	+49.9%	884,7 k €	-14.9%	1 M €	-36.2%	1,6 M €	+3.2%	1,6 M €	+11.3%	1,4 M €	+23.1%	1,2 M €	+10.9%	1 M €	+7.7%	964,3 k €	+16.0%	831,5 k €	+19.7%	694,8 k €	+10.3%	629,9 k €	-11.9%	715 k €	+7.5%	665 k €	-4.4%	695,7 k €	+2.7%	677,4 k €	+0.3%	675,7 k €	+3.7%	651,8 k €
Total assets	10,9 M €	+2.6%	10,6 M €	+2.0%	10,4 M €	+27.2%	8,2 M €	-6.1%	8,7 M €	+3.6%	8,4 M €	-20.1%	10,5 M €	+26.3%	8,3 M €	+24.3%	6,7 M €	+22.4%	5,5 M €	+8.2%	5,1 M €	-8.6%	5,5 M €	+18.4%	4,7 M €	+1.5%	4,6 M €	+10.8%	4,2 M €	+20.4%	3,4 M €	+13.4%	3 M €	+25.5%	2,4 M €	+13.4%	2,1 M €	+0.2%	2,1 M €
Cash	287,4 k €	+159%	110,8 k €	-40.7%	186,9 k €	-13.9%	217 k €	-75.6%	888,6 k €	+314%	214,8 k €	-4.1%	224 k €	+17.0%	191,5 k €	-78.6%	895,5 k €	+149%	359,6 k €	+115%	167 k €	-71.8%	591,5 k €	+182%	209,9 k €	-56.8%	485,9 k €	+1285%	35,1 k €	-63.5%	96 k €	-33.3%	144 k €	+417%	27,9 k €	+190%	9,6 k €	-95.9%	235,6 k €
Debts	8,1 M €	-9.6%	9 M €	-0.0%	9 M €	+24.0%	7,2 M €	-4.7%	7,6 M €	+12.4%	6,8 M €	-23.3%	8,8 M €	+27.9%	6,9 M €	+24.3%	5,5 M €	+25.3%	4,4 M €	+9.3%	4 M €	-7.1%	4,4 M €	+11.6%	3,9 M €	-1.3%	4 M €	+15.0%	3,4 M €	+23.7%	2,8 M €	+18.8%	2,3 M €	+34.3%	1,7 M €	+21.1%	1,4 M €	-0.2%	1,4 M €
Other
Workforce	87,2 ETP	+10.0%	79,3 ETP	+3.1%	76,9 ETP	-4.7%	80,7 ETP	+3.6%	77,9 ETP	-6.3%	83,1 ETP	+3.4%	80,4 ETP	+12.3%	71,6 ETP	+13.5%	63,1 ETP	+4.6%	60,3 ETP	+5.8%	57,0 ETP	+12.0%	50,9 ETP	-8.5%	55,6 ETP	+16.8%	47,6 ETP	+6.7%	44,6 ETP	+3.5%	43,1 ETP	+12.2%	38,4 ETP	-2.0%	39,2 ETP	-5.1%	41,3 ETP	+50.7%	27,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 26 ended

Active mandates

ENBACO

Director · since 01 octobre 2022 · 0791.615.020

Represented by Bastien Colson

Active

MCO developpement

Director · since 01 octobre 2022 · 0791.614.525

Represented by Mathilde Colson

Active

Chantal CABAY

Managing director · since 30 juillet 2021

Active

Marc COLSON

Managing director · since 30 juillet 2021

Active

Ended mandates

Chantal CABAY

Managing director · since 01 octobre 2022 · until 01 juin 2028

Ended

ENBACO

Director · since 01 octobre 2022 · until 01 juin 2028 · 0791.615.020

Represented by Bastien Colson

Ended

ENBACO

Director · since 01 octobre 2022 · until 01 juin 2028 · 0791.615.020

Represented by Bastien Colson

Ended

Marc Colson

Managing director · since 01 octobre 2022 · until 01 juin 2028

Ended

At this address

Other companies at this address

Company	CBE no.
COLCAB IMMOBILIERE● Active	0771.298.666
ENBACO● Active	0791.615.020
MCO developpement● Active	0791.614.525
PICARD CONSTRUCT - GERARD CONSTRUCTION● Active	0803.329.848

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	25/08/2026	01/07/2025	29/04/2024	31/08/2023	31/08/2022	06/07/2021
General meeting	24/08/2026	26/06/2025	26/04/2024	30/08/2023	30/08/2022	01/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	24/08/2026	25/08/2026	French	PDF
Full model	31/12/2024	26/06/2025	01/07/2025	French	PDF
Full model	31/12/2023	26/04/2024	29/04/2024	French	PDF
Full model	31/12/2022	30/08/2023	31/08/2023	French	PDF
Full model	31/12/2021	30/08/2022	31/08/2022	French	PDF
Full model	31/12/2020	01/06/2021	06/07/2021	French	PDF
Full model	31/12/2019	29/10/2020	30/10/2020	French	PDF
Full model	31/12/2018	28/06/2019	26/08/2019	French	PDF
Full model	31/12/2017	15/06/2018	12/07/2018	French	PDF
Full model	31/12/2016	01/06/2017	19/06/2017	French	PDF
Full model	31/12/2015	01/06/2016	09/08/2016	French	PDF
Full model	31/12/2014	09/06/2015	29/06/2015	French	PDF
Full model	31/12/2013	02/06/2014	26/08/2014	French	PDF
Full model	31/12/2012	25/06/2013	18/07/2013	French	PDF
Abridged model	31/12/2011	01/06/2012	28/08/2012	French	PDF
Abridged model	31/12/2010	01/06/2011	21/07/2011	French	PDF
Abridged model	31/12/2009	01/06/2010	13/08/2010	French	PDF
Abridged model	31/12/2008	02/06/2009	21/08/2009	French	PDF
Abridged model	31/12/2007	17/06/2008	26/08/2008	French	PDF
Abridged model	31/12/2006	19/06/2007	31/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 26 ended

Active mandates

ENBACO

Director · since 01 octobre 2022 · 0791.615.020

Represented by Bastien Colson

Active

MCO developpement

Director · since 01 octobre 2022 · 0791.614.525

Represented by Mathilde Colson

Active

Chantal CABAY

Managing director · since 30 juillet 2021

Active

Marc COLSON

Managing director · since 30 juillet 2021

Active

Ended mandates

Chantal CABAY

Managing director · since 01 octobre 2022 · until 01 juin 2028

Ended

ENBACO

Director · since 01 octobre 2022 · until 01 juin 2028 · 0791.615.020

Represented by Bastien Colson

Ended

ENBACO

Director · since 01 octobre 2022 · until 01 juin 2028 · 0791.615.020

Represented by Bastien Colson

Ended

Marc Colson

Managing director · since 01 octobre 2022 · until 01 juin 2028

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates14/11/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates06/05/2022
DEMISSIONS, NOMINATIONS
PDF
Restructuring18/08/2021
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring22/06/2021
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Registered office25/03/2019
SIEGE SOCIAL
PDF
Other12/03/2019
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates31/10/2018
DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 20251,1 M €↑
2024
Annual accounts 2024264,5 k €↓
2023
Annual accounts 2023442,7 k €↑
2022
Annual accounts 2022-153,8 k €↓
2021
Annual accounts 2021191,6 k €↑
2020
Annual accounts 202053,1 k €↓
2019
Annual accounts 2019248,1 k €↑
2018
Annual accounts 2018202,3 k €↑
2017
Annual accounts 2017138,7 k €↑
2016
Annual accounts 201675,8 k €↓
2015
Annual accounts 2015134,3 k €↓
2014
Annual accounts 2014138,2 k €↑
2013
Annual accounts 201366,4 k €↑
2012
Annual accounts 2012-51,4 k €↓
2011
Annual accounts 201151,7 k €↑
2010
Annual accounts 2010-28,6 k €↓
2009
Annual accounts 200920,5 k €↑
2008
Annual accounts 20084 k €↓
2007
Annual accounts 20077,1 k €↑
2006
Annual accounts 2006-6,4 k €
09/04/1999
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

PICARD CONSTRUCT

Overview

What does PICARD CONSTRUCT do?

Trend over 20 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline