ACTIVE

CSO CONSTRUCT

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Financial year 2025 · closed on 31/12/2025

Net result

55,3 k €

+60.8% YoY

Gross margin

389,9 k €

+21.5% YoY

Equity

393,8 k €

-0.2% YoY

Workforce

4,5 ETP

+60.7% YoY

What does CSO CONSTRUCT do?

CSO CONSTRUCT is a Private limited company incorporated in 2007. Its registered office is in Soumagne. It employs on average 4,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0894.281.008

Incorporation

18/12/2007

Legal form

Private limited company

Registered office

Valeureux Champs 69
4633 Soumagne · WallonieSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

4,5 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008
Income statement
Gross margin	389,9 k €	+21.5%	321,0 k €	+19.1%	269,4 k €	+3.3%	260,8 k €	-7.7%	282,5 k €	-5.4%	298,6 k €	+13.5%	263,1 k €	+31.4%	200,2 k €	+7.8%	185,7 k €	+4.6%	177,5 k €	-0.4%	178,2 k €	+7.2%	166,2 k €	+20.4%	138,1 k €	+0.3%	137,7 k €	-6.2%	146,8 k €	+216%	46,5 k €	-25.0%	61,9 k €	+2.2%	60,6 k €
EBITDA	193,7 k €	+21.4%	159,6 k €	+21.3%	131,5 k €	-10.0%	146,1 k €	-0.3%	146,5 k €	-14.5%	171,4 k €	+13.0%	151,7 k €	+35.4%	112,0 k €	-1.2%	113,4 k €	+3.5%	109,6 k €	-5.6%	116,1 k €	+14.6%	101,4 k €	+17.2%	86,5 k €	-11.3%	97,6 k €	-16.8%	117,3 k €	+160%	45,1 k €	+43.8%	31,3 k €	+4.2%	30,1 k €
Operating result	95,4 k €	+47.1%	64,9 k €	+15.8%	56,1 k €	-9.6%	62,0 k €	+84.6%	33,6 k €	-56.4%	77,1 k €	+18.8%	64,9 k €	+190%	22,4 k €	-34.9%	34,4 k €	-32.3%	50,8 k €	+7.2%	47,4 k €	+40.0%	33,9 k €	+1.3%	33,4 k €	+62.3%	20,6 k €	-72.9%	76,0 k €	+414%	14,8 k €	+136%	6,3 k €	+33.3%	4,7 k €
Net result	55,3 k €	+60.8%	34,4 k €	+16.4%	29,5 k €	-20.6%	37,2 k €	+68.8%	22,1 k €	-58.7%	53,3 k €	+35.1%	39,5 k €	+685%	5,0 k €	-65.9%	14,8 k €	-29.6%	21,0 k €	+10.9%	18,9 k €	+70.1%	11,1 k €	+24.6%	8,9 k €	-21.8%	11,4 k €	-76.3%	48,1 k €	+484%	8,2 k €	+714%	1,0 k €	-81.7%	5,5 k €
Balance sheet
Equity	393,8 k €	-0.2%	394,7 k €	+8.6%	363,6 k €	+7.8%	337,5 k €	+10.8%	304,6 k €	-3.9%	316,8 k €	+19.7%	264,6 k €	+15.9%	228,4 k €	+17.9%	193,8 k €	+7.3%	180,7 k €	+12.0%	161,4 k €	+12.0%	144,1 k €	+41.6%	101,8 k €	+25.2%	81,3 k €	+16.3%	69,9 k €	+221%	21,8 k €	+60.8%	13,5 k €	+8.1%	12,5 k €
Total assets	1,1 M €	+31.9%	860,0 k €	+3.0%	834,7 k €	-0.2%	836,1 k €	-2.3%	856,0 k €	-1.1%	865,9 k €	-4.1%	902,7 k €	-9.0%	991,7 k €	+11.3%	891,0 k €	+15.8%	769,2 k €	-4.3%	803,4 k €	-3.8%	835,4 k €	+53.2%	545,1 k €	+17.1%	465,7 k €	+112%	219,2 k €	+13.0%	193,9 k €	+10.6%	175,3 k €	-15.8%	208,3 k €
Cash	29,8 k €	+23358%	127,0 €	+41.1%	90,0 €	0.0%	90,0 €	-99.3%	12,3 k €		–		–		–		–		–		–		–		9,7 k €		–		–		–		–		–
Debts	740,8 k €	+59.2%	465,2 k €	-1.2%	470,7 k €	-5.6%	498,6 k €	-9.6%	551,4 k €	+0.4%	549,1 k €	-13.8%	637,3 k €	-16.4%	762,1 k €	+9.5%	696,2 k €	+18.6%	586,9 k €	-8.3%	639,9 k €	-6.7%	685,8 k €	+56.5%	438,3 k €	+15.1%	380,7 k €	+156%	148,8 k €	-13.3%	171,7 k €	+6.1%	161,7 k €	-17.4%	195,8 k €
Other
Workforce	4,5 ETP	+60.7%	2,8 ETP	-20.0%	3,5 ETP	+2.9%	3,4 ETP		–		–		–		–		–		–		2,8 ETP	+3.7%	2,7 ETP	+28.6%	2,1 ETP	+5.0%	2,0 ETP	+25.0%	1,6 ETP	+1500%	0,1 ETP	-90.9%	1,1 ETP	+10.0%	1,0 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 3 ended

Active mandates

Stephan OTTEN

Director

Active

Ended mandates

Marie-Thérèse DELHEZ

Director

Ended

Marie-Thérèse DELHEZ

Associate

Ended

Stephan OTTEN

Manager

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Micro model	Micro 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	27/07/2026	29/07/2025	19/09/2024	24/07/2023	22/07/2022	29/07/2021
General meeting	13/06/2026	14/06/2025	08/06/2024	10/06/2023	11/06/2022	12/06/2021
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

18 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	13/06/2026	27/07/2026	French	PDF
Abridged model	31/12/2024	14/06/2025	29/07/2025	French	PDF
Abridged model	31/12/2023	08/06/2024	19/09/2024	French	PDF
Abridged model	31/12/2022	10/06/2023	24/07/2023	French	PDF
Micro model	31/12/2021	11/06/2022	22/07/2022	French	PDF
Micro model	31/12/2020	12/06/2021	29/07/2021	French	PDF
Micro model	31/12/2019	13/06/2020	01/07/2020	French	PDF
Micro model	31/12/2018	08/06/2019	25/07/2019	French	PDF
Abridged model	31/12/2017	09/06/2018	25/07/2018	French	PDF
Abridged model	31/12/2016	10/06/2017	27/07/2017	French	PDF
Abridged model	31/12/2015	11/06/2016	09/08/2016	French	PDF
Abridged model	31/12/2014	13/06/2015	31/07/2015	French	PDF
Abridged model	31/12/2013	14/06/2014	29/07/2014	French	PDF
Abridged model	31/12/2012	08/06/2013	31/07/2013	French	PDF
Abridged model	31/12/2011	09/06/2012	20/07/2012	French	PDF
Abridged model	31/12/2010	11/06/2011	27/07/2011	French	PDF
Abridged model	31/12/2009	12/06/2010	27/07/2010	French	PDF
Abridged model	31/12/2008	13/06/2009	06/07/2009	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 3 ended

Active mandates

Stephan OTTEN

Director

Active

Ended mandates

Marie-Thérèse DELHEZ

Director

Ended

Marie-Thérèse DELHEZ

Associate

Ended

Stephan OTTEN

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates11/12/2023
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Capital / shares06/03/2008
CAPITAL, ACTIONS - DIVERS
PDF
Other27/12/2007
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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 202555,3 k €↑
2024
Annual accounts 202434,4 k €↑
2023
Annual accounts 202329,5 k €↓
2022
Annual accounts 202237,2 k €↑
2021
Annual accounts 202122,1 k €↓
2020
Annual accounts 202053,3 k €↑
2019
Annual accounts 201939,5 k €↑
2018
Annual accounts 20185,0 k €↓
2017
Annual accounts 201714,8 k €↓
2016
Annual accounts 201621,0 k €↑
2015
Annual accounts 201518,9 k €↑
2014
Annual accounts 201411,1 k €↑
2013
Annual accounts 20138,9 k €↓
2012
Annual accounts 201211,4 k €↓
2011
Annual accounts 201148,1 k €↑
2010
Annual accounts 20108,2 k €↑
2009
Annual accounts 20091,0 k €↓
2008
Annual accounts 20085,5 k €
18/12/2007
IncorporationPrivate 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

CSO CONSTRUCT

Overview

What does CSO CONSTRUCT do?

Trend over 18 financial years

Indicative valuation

Board of directors

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