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COLAS BELGIUM

Active
Public limited companyfounded 1988active for 38 yearsAntoon van Osslaan 1, 1120 Brussel, BelgiumKBO/BCE: BE 0434.888.612

From the official registers: KBO 47 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of COLAS BELGIUM is 1.5% (moderate). The annual accounts of COLAS BELGIUM for financial year 2025 show a net loss of 97% of the equity at the start of that year. The 2025 annual accounts show equity of €30.6m and a net result of -€20.6m. Equity has been shrinking by about 3.3% per year since 2018. Its solvency ranks better than 28% of 378 sector peers (NACE 42, financial year 2025). The company has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals.

Risk analysisFollow ReportCompare
COLAS BELGIUMActiveChecked score 55/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 19-07-1988 Normal situation
Registered office
65 active companies are registered at this address 2 started in the 12 months before. Source: KBO register, as of 1 November 2026.
Activity
Construction of roads and motorways NACE 42110and 2 others
Establishment units
6 establishment units
Financial year end
31 December
Peppol
Reachable since 01-10-2025
Company details

Board and ownership

Board
Auditor
PwC Reviseurs d'Entreprises
Shareholders
Holdings
Shares in 8 companies including Colas Noord and BELLE ROCHE SABLAR
Board & ownership

Financial position

55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.5%
Annual accounts 2025
Turnover
€139.2m
▲ 0.2%
Loss
€20.6m
▼ 58.7%
Equity
€30.6m
▲ 44.4%
Total assets
€119.8m
▲ 15.8%
Staff
499 FTE
▼ 5.7%
Standalone figures, without subsidiaries
Filed on 07-04-2026, 115 days before the deadlinePDF
Financials
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €20.6m, the second in a row (financial year 2025)Liquidity: current ratio 1.34, cash €202,607, halvedSector: Civil engineering (NACE 42)Equity €30.6m (25.5% of total assets)Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 39% of large companies in civil engineering (NACE 42)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 51+6
equity 25.5% of total assets
Liquidity 24+4
short-term debt 51.2% · cash 0.2%
Profitability 0=
return on assets -17.2%
Bankruptcy probability within 12 months
1.5% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (34 companies, NACE 42, large)
Last 24 months 11-2024: 2.3% 12-2024: 2.3%● unchanged vs 11-2024 01-2025: 2.3%● unchanged vs 12-2024 02-2025: 2.2%▼ -0.1 percentage points vs 01-2025 03-2025: 2.3%▲ +0.1 percentage points vs 02-2025 04-2025: 2.3%● unchanged vs 03-2025 05-2025: 2.4%▲ +0.1 percentage points vs 04-2025highest value 06-2025: 2.4%● unchanged vs 05-2025highest value 07-2025: 2.4%● unchanged vs 06-2025highest value 08-2025: 2.4%● unchanged vs 07-2025highest value 09-2025: 2.4%● unchanged vs 08-2025highest value 10-2025: 2.4%● unchanged vs 09-2025highest value 11-2025: 2.4%● unchanged vs 10-2025highest value 12-2025: 2.4%● unchanged vs 11-2025highest value 01-2026: 2.4%● unchanged vs 12-2025highest value 02-2026: 2.3%▼ -0.1 percentage points vs 01-2026 03-2026: 2.3%● unchanged vs 02-2026 04-2026: 2.3%● unchanged vs 03-2026 05-2026: 1.5%▼ -0.8 percentage points vs 04-2026lowest value 06-2026: 1.5%● unchanged vs 05-2026lowest value 07-2026: 1.5%● unchanged vs 06-2026lowest value 08-2026: 1.5%● unchanged vs 07-2026lowest value 09-2026: 1.5%● unchanged vs 08-2026lowest value 10-2026: 1.5%● unchanged vs 09-2026lowest value
Credit of up to €1,650,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.34 (1.06 in 2024), below the usual 1.5. Short-term debt is 51.2% and cash 0.2% of total assets. 74.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 42, large). It does better than 47% of them on solvency, 38% on liquidity, 4% on profitability and 64% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
raises riskneutral
raises risk · Loss of €20.6m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.34, cash €202,607, halved
NBB · annual accounts
raises risk · Sector: Civil engineering (NACE 42)
KBO
raises risk · Equity €30.6m (25.5% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-04-2026, 115 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
115 days early
2024
114 days early
2023
107 days early
2022
140 days early
2021
41 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 103 days before the deadline. In the sector (NACE 42), the median for financial year 2024 was 2 days before the deadline, and 41% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 8 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 6 loss-making years in a rowloss in financial year 2025 -€20.6m View
  • Caution: Lower net result than 95% of companies in civil engineeringsector median €228,609 · 378 companies -€20.6m View
  • Board changedlatest change 20-07-2026 · 3 in office 2 joined · 2 left View
  • Positive: Result rose in 2025from -€49.9m to -€20.6m ▲ 58.7% View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

Companies linked to COLAS BELGIUM

Comparable companies

These companies have the same main activity as COLAS BELGIUM: construction of roads and motorways (NACE 42110). They are comparable in size and age: total assets between €58m and €133m, founded between 1956 and 1998.

CompanyTotal assetsTurnover
COLAS BELGIUM Brussel€119.8m€139.2m
SOCOGETRA Marche-en-Famenne€132.9m€147.3m
TRBA Péruwelz€129.8m€181.5m
APK infra Pelt€58.2m€164.9m
BESIX Infra Schelle€96.2m€148.4m
Etablissements Maurice Wanty Binche€128.0m€197.0m
VIABUILD Puurs-Sint-Amands€131.3m€161.5m
Full comparison

Documents

Annual accounts at the NBB

All 47 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about COLAS BELGIUM
What is the company number of COLAS BELGIUM?
The company number of COLAS BELGIUM is 0434.888.612. The VAT number is the same number with BE in front: BE 0434.888.612.
Where is COLAS BELGIUM based?
The registered office is at Antoon van Osslaan 1, 1120 Brussel.Company details
What does COLAS BELGIUM do?
According to the KBO register, the main activity is construction of roads and motorways (NACE 42110).
What is the legal form of COLAS BELGIUM?
The legal form of COLAS BELGIUM is Public limited company (NV).
When was COLAS BELGIUM founded?
COLAS BELGIUM was founded on 19-07-1988.
Is COLAS BELGIUM still active?
Yes, COLAS BELGIUM is an active enterprise in the KBO register.
How many employees does COLAS BELGIUM have?
COLAS BELGIUM had an average of 499 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of COLAS BELGIUM?
The turnover of COLAS BELGIUM was €139.2m in financial year 2025, according to the filed annual accounts.
Is COLAS BELGIUM profitable?
In financial year 2025, COLAS BELGIUM made a loss of €20.6m.
Where can I find the annual accounts of COLAS BELGIUM?
COLAS BELGIUM filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of COLAS BELGIUM due?
COLAS BELGIUM must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check

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