ACTIVE

COLSAN

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Financial year 2025 · closed on 31/12/2025

Net result

293,4 k €

+522.8% YoY

Gross margin

956,7 k €

+67.6% YoY

Equity

1,2 M €

+32.0% YoY

Workforce

9,6 ETP

+15.7% YoY

What does COLSAN do?

COLSAN is a Public limited company incorporated in 2004. Its main activity is: Manufacture of other fabricated metal products n.e.c.. Its registered office is in Courcelles. It employs on average 9,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0864.757.374

Incorporation

16/04/2004

Legal form

Public limited company

Registered office

Rue de Liège(CO) 1
6180 Courcelles · WallonieSee on map

Contributed capital

225 000,00 €

Latest accounts

31/12/2025

Average workforce

9,6 ETP

Activities (NACE)

25999Manufacture of other fabricated metal products n.e.c.· main 25999Manufacture of other fabricated metal products n.e.c.28755Manufacture of machinery and equipment n.e.c.46751Wholesale of chemical products 46851Wholesale trade, except of motor vehicles and motorcycles 51550Air transport+3

Joint committees (7)

107
111
11101
124
209
20900
218

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	956,7 k €	+67.6%	570,9 k €	+20.0%	475,7 k €	-47.3%	903,2 k €	+182%	320,1 k €	+17.2%	273 k €	-24.5%	361,7 k €	-3.3%	374 k €	-18.5%	458,9 k €	-8.1%	499,5 k €		–		–		–		191,4 k €	+3.6%	184,7 k €	-40.4%	309,8 k €	+10.3%	280,8 k €	+31.1%	214,2 k €	+80.7%	118,6 k €
EBITDA	440,4 k €	+331%	102,2 k €	+122%	46 k €	-91.0%	510 k €	+3215%	-16,4 k €	-40.2%	-11,7 k €	-109%	129,5 k €	-3.3%	133,9 k €	-12.5%	152,9 k €	-10.2%	170,3 k €	+99.6%	85,3 k €	+37.6%	62 k €	-37.4%	99,1 k €	+271%	26,7 k €	-41.7%	45,8 k €	-74.0%	176,3 k €	-9.1%	194 k €	+15.2%	168,4 k €	+137%	71,1 k €
Operating result	406,5 k €	+429%	76,9 k €	+39.2%	55,3 k €	-88.5%	479,1 k €	+2697%	-18,4 k €	+11.8%	-20,9 k €	-138%	55,4 k €	+798%	6,2 k €	-72.9%	22,8 k €	-43.2%	40,1 k €	+219%	-33,7 k €	-923%	4,1 k €	-95.5%	90,7 k €	+344%	20,4 k €	-48.0%	39,3 k €	-76.8%	169,4 k €	+18.8%	142,6 k €	+15.7%	123,2 k €	+375%	26 k €
Net result	293,4 k €	+523%	47,1 k €	+31.0%	36 k €	-89.8%	352,4 k €	+1610%	-23,3 k €	+18.1%	-28,5 k €	-193%	30,6 k €	+656%	-5,5 k €	-188%	6,2 k €	-80.3%	31,6 k €	+164%	-49,7 k €	-1079%	5,1 k €	-93.6%	79,9 k €	+138%	33,6 k €	-26.2%	45,5 k €	-63.9%	126 k €	+18.5%	106,3 k €	-9.8%	117,9 k €	+61.6%	72,9 k €
Balance sheet
Equity	1,2 M €	+32.0%	916,9 k €	+5.4%	869,8 k €	+4.3%	833,8 k €	+73.2%	481,4 k €	-4.6%	504,7 k €	-5.4%	533,5 k €	+5.6%	505,3 k €	-1.9%	514,9 k €	+0.4%	512,9 k €	+4.4%	491,4 k €	-5.5%	520,1 k €	+0.5%	517,5 k €	+8.3%	477,6 k €	-0.1%	478 k €	+3.4%	462,5 k €	+16.7%	396,4 k €	+14.5%	346,4 k €	+51.6%	228,5 k €
Total assets	5,4 M €	+196%	1,8 M €	+4.3%	1,8 M €	+9.7%	1,6 M €	+50.3%	1,1 M €	+4.0%	1 M €	-17.5%	1,2 M €	+2.0%	1,2 M €	-3.2%	1,3 M €	+3.3%	1,2 M €	-10.4%	1,4 M €	+14.9%	1,2 M €	+75.5%	676,3 k €	+4.1%	649,5 k €	-3.8%	675,1 k €	+1.7%	663,7 k €	+21.7%	545,2 k €	+36.6%	399 k €	+20.0%	332,4 k €
Cash	16 k €	-33.1%	23,8 k €	-52.1%	49,8 k €	-20.3%	62,5 k €	-22.5%	80,6 k €	-43.0%	141,4 k €	+151%	56,3 k €	+23.2%	45,7 k €	-55.4%	102,4 k €	+395%	20,7 k €	-54.7%	45,8 k €	+13.7%	40,2 k €	-45.3%	73,5 k €	-51.0%	150,1 k €	+4141%	3,5 k €	-96.8%	109,7 k €	+12.7%	97,3 k €	-27.0%	133,4 k €	+327%	31,3 k €
Debts	3,7 M €	+303%	920,8 k €	+3.0%	894,3 k €	+15.5%	774,5 k €	+31.6%	588,5 k €	+12.3%	524,2 k €	-26.6%	714,4 k €	-0.5%	717,8 k €	-4.1%	748,3 k €	+5.4%	709,9 k €	-18.6%	871,8 k €	+30.8%	666,8 k €	+320%	158,8 k €	-7.6%	171,9 k €	-12.8%	197 k €	-2.1%	201,2 k €	+35.3%	148,7 k €	+182%	52,7 k €	-49.3%	103,9 k €
Other
Workforce	9,6 ETP	+15.7%	8,3 ETP	+1.2%	8,2 ETP	+5.1%	7,8 ETP	+14.7%	6,8 ETP	+1.5%	6,7 ETP	+26.4%	5,3 ETP	-8.6%	5,8 ETP	-30.1%	8,3 ETP	+7.8%	7,7 ETP	+5.5%	7,3 ETP	+19.7%	6,1 ETP	+27.1%	4,8 ETP	0.0%	4,8 ETP	0.0%	4,8 ETP	+6.7%	4,5 ETP	0.0%	4,5 ETP	+125%	2,0 ETP	0.0%	2,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 13 ended

Active mandates

Gautier Rouyer

Director · since 09 juin 2022 · until 06 juin 2028

Active

Ended mandates

Philippe Dubois

Director · since 05 juin 2018 · until 01 janvier 2020

Ended

Philippe Dubois

Director · since 05 juin 2018 · until 05 juin 2024

Ended

Thierry Dubois

Director · since 05 juin 2018 · until 05 juin 2024

Ended

OBUDIS

Managing director · since 02 janvier 2016 · until 07 juin 2022 · 0527.964.268

Represented by Philippe Dubois

Ended

At this address

Other companies at this address

Company	CBE no.
PROFIBER● Active	0810.839.529

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	10/08/2026	04/08/2025	21/06/2024	21/06/2023	20/05/2022	17/06/2021
General meeting	02/06/2026	03/06/2025	04/06/2024	06/06/2023	10/05/2022	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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	02/06/2026	10/08/2026	French	PDF
Abridged model	31/12/2024	03/06/2025	04/08/2025	French	PDF
Abridged model	31/12/2023	04/06/2024	21/06/2024	French	PDF
Abridged model	31/12/2022	06/06/2023	21/06/2023	French	PDF
Abridged model	31/12/2021	10/05/2022	20/05/2022	French	PDF
Abridged model	31/12/2020	01/06/2021	17/06/2021	French	PDF
Abridged model	31/12/2019	02/06/2020	27/07/2020	French	PDF
Abridged model	31/12/2018	04/06/2019	01/07/2019	French	PDF
Abridged model	31/12/2017	05/06/2018	12/06/2018	French	PDF
Abridged model	31/12/2016	06/06/2017	21/06/2017	French	PDF
Full model	31/12/2015	07/06/2016	12/07/2016	French	PDF
Full model	31/12/2014	02/06/2015	15/06/2015	French	PDF
Full model	31/12/2013	03/06/2014	30/06/2014	French	PDF
Abridged model	30/06/2012	21/11/2012	04/12/2012	French	PDF
Abridged model	30/06/2011	22/09/2011	18/11/2011	French	PDF
Abridged model	30/06/2010	30/11/2010	10/01/2011	French	PDF
Abridged model	30/06/2009	30/11/2009	18/12/2009	French	PDF
Abridged model	30/06/2008	28/11/2008	15/12/2008	French	PDF
Abridged model	30/06/2007	30/11/2007	19/12/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 13 ended

Active mandates

Gautier Rouyer

Director · since 09 juin 2022 · until 06 juin 2028

Active

Ended mandates

Philippe Dubois

Director · since 05 juin 2018 · until 01 janvier 2020

Ended

Philippe Dubois

Director · since 05 juin 2018 · until 05 juin 2024

Ended

Thierry Dubois

Director · since 05 juin 2018 · until 05 juin 2024

Ended

OBUDIS

Managing director · since 02 janvier 2016 · until 07 juin 2022 · 0527.964.268

Represented by Philippe Dubois

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other08/10/2025
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates01/07/2022
DEMISSIONS, NOMINATIONS
PDF
Capital / shares09/11/2021
CAPITAL, ACTIONS
PDF
Mandates11/08/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates01/07/2019
DEMISSIONS, NOMINATIONS
PDF
Mandates11/03/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates01/12/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates08/05/2013
DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE - ANNEE COMPTABLE
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 2025293,4 k €↑
2024
Annual accounts 202447,1 k €↑
2023
Annual accounts 202336 k €↓
2022
Annual accounts 2022352,4 k €↑
2021
Annual accounts 2021-23,3 k €↑
2020
Annual accounts 2020-28,5 k €↓
2019
Annual accounts 201930,6 k €↑
2018
Annual accounts 2018-5,5 k €↓
2017
Annual accounts 20176,2 k €↓
2016
Annual accounts 201631,6 k €↑
2015
Annual accounts 2015-49,7 k €↓
2014
Annual accounts 20145,1 k €↓
2013
Annual accounts 201379,9 k €↑
2012
Annual accounts 201233,6 k €↓
2011
Annual accounts 201145,5 k €↓
2010
Annual accounts 2010126 k €↑
2009
Annual accounts 2009106,3 k €↓
2008
Annual accounts 2008117,9 k €↑
2007
Annual accounts 200772,9 k €
16/04/2004
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

COLSAN

Overview

What does COLSAN do?

Trend over 19 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