CSO CONSTRUCT

Active Private limited companyfounded 2007active for 18 yearsValeureux Champs 69, 4633 SoumagneKBO/BCE: BE 0894.281.008 #9 company by equity in Soumagne, Manufacturing sector

CSO CONSTRUCT

Financial year 2025

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Annual accounts 2025

abbreviated format, filed on 27-07-2026, 4 days before the deadline

€389,914

▲ 21.5%

€95,445

▲ 47.1%

€55,319

▲ 60.8%

-€77,446

▲ €332

34.7%

▼ 11.2 percentage points

0.81

▲ 0.12

The turnover shown is an estimate from the gross margin.

Turnover ≈ €920,000. Estimated: probably between €550,000 and €1.6m.

In the rankings #9 company by equity in Soumagne, Manufacturing sector #10 company by total assets in Soumagne, Manufacturing sector

Balance sheet

balance sheet total €1.1m on 31-12-2025

What the company ownsHow it is paid for

in euro

Position in the sector

Compare with sector

34.7%

Higher than 36% of 1,245 companies in 2025.

0.81

Higher than 12% of 1,226 companies in 2025.

4.9%

Higher than 50% of 1,244 companies in 2025.

CSO CONSTRUCT Middle half of the sector 80% of the sector Abbreviated accounts in fabricated metal products (NACE 25)

Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: bottom quarter · Staff: middle half

Staff

€41,253

Staff costs divided by the average number of full-time equivalents.

+1 person

people who joined people who left

In 2025, 4 people joined and 3 left. Training hours in 2025: 288.

Filed annual accounts

as filed with the National Bank, click a year to choose it

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Balance sheet: assets
`20/58`	1.1m	860,045	834,723	836,053	855,998	865,921	902,694	991,662	890,970	769,174	803,371	835,355	545,132	465,704	219,160	193,915	175,336	208,313
`20`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	465	1,084	1,704	2,323
`21/28`	807,544	689,533	696,056	658,613	716,054	750,270	732,173	791,769	754,100	671,436	722,029	750,554	479,566	374,756	157,305	147,650	156,786	156,592
`21`	-	-	-	-	-	-	-	-	-	6,000	14,000	22,000	30,000	38,000	46,000	54,000	62,000	70,000
`22/27`	807,359	689,348	695,871	658,428	715,869	750,085	731,988	791,584	754,050	665,386	707,979	728,504	449,516	336,706	110,790	92,515	92,033	84,219
`22`	470,770	499,393	528,016	556,638	582,695	594,579	584,256	598,686	617,476	642,403	660,385	646,283	367,086	252,085	-	-	-	-
`23`	106,808	143,612	113,976	44,191	70,966	110,158	125,550	168,829	129,130	9,762	28,922	47,649	63,661	55,229	68,388	77,576	87,186	83,875
`24`	27,401	16,537	3,702	5,286	11,816	16,681	22,183	24,069	7,444	13,220	18,672	34,572	18,768	29,392	42,402	14,940	4,846	344
`25`	14,768	29,807	50,178	52,313	50,392	-	-	-	-	-	-	-	-	-	-	-	-	-
`27`	187,612	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`28`	185	185	185	185	185	185	185	185	50	50	50	50	50	50	50	50	1,050	50
`29/58`	327,279	170,512	138,667	177,440	139,944	115,652	170,521	199,893	136,870	97,739	81,341	84,802	65,566	90,947	61,855	46,266	18,550	51,721
`3`	104,417	50,311	24,948	25,694	5,614	17,924	15,900	38,938	29,782	15,776	15,260	24,600	15,000	17,500	-	-	-	10,000
`30/36`	23,150	25,061	24,948	25,694	5,614	17,924	15,900	16,438	29,782	15,776	15,260	14,600	-	-	-	-	-	-
`37`	81,267	25,250	-	-	-	-	-	22,500	-	-	-	10,000	15,000	17,500	-	-	-	10,000
`40/41`	188,884	116,329	110,191	148,071	118,753	94,900	151,455	155,923	102,685	81,409	62,703	57,363	37,225	70,721	60,320	45,859	17,087	36,789
`40`	118,579	62,157	63,847	107,343	43,612	27,755	92,374	101,314	74,558	69,703	41,250	51,600	16,461	56,313	54,572	39,105	16,377	29,479
`41`	70,305	54,172	46,343	40,729	75,141	67,145	59,081	54,609	28,127	11,706	21,453	5,763	20,764	14,407	5,748	6,753	709	7,310
`54/58`	29,787	127	90	90	12,277	-	-	-	-	-	-	-	9,656	-	-	-	-	-
`490/1`	4,190	3,745	3,438	3,584	3,300	2,828	3,165	5,032	4,403	554	3,379	2,839	3,684	2,727	1,535	407	1,464	4,932
Balance sheet: equity and liabilities
`10/49`	1.1m	860,045	834,723	836,053	855,998	865,921	902,694	991,662	890,970	769,174	803,371	835,355	545,132	465,704	219,160	193,915	175,336	208,313
`10/15`	393,777	394,743	363,625	337,468	304,570	316,840	264,602	228,390	193,795	180,685	161,359	144,099	101,780	81,261	69,856	21,780	13,545	12,533
`10/11`	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	7,000	7,000	7,000	7,000	7,000
`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	-	-	-	-	-	-	-	-	11,600	11,600	11,600	11,600	11,600
`13`	158,128	155,808	121,406	91,860	54,860	54,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`130/1`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-
`133`	158,128	155,808	121,406	90,000	53,000	53,000	-	-	-	-	-	-	-	-	-	-	-	-
`14`	184,199	184,199	184,199	184,199	183,978	191,926	191,582	152,085	147,055	132,303	111,334	92,431	81,320	72,401	60,996	12,920	4,685	3,673
`15`	32,850	36,135	39,420	42,809	47,131	51,454	52,560	55,845	26,280	27,923	29,565	31,208	-	-	-	-	-	-
`17/49`	741,046	465,303	471,098	498,585	551,428	549,081	638,092	763,272	697,175	588,489	642,011	691,256	443,352	384,442	149,304	172,135	161,791	195,780
`17`	336,074	216,947	243,093	262,233	339,009	384,161	419,147	450,394	492,854	443,342	494,077	546,546	380,322	271,296	36,427	26,719	38,652	18,144
`170/4`	298,074	178,947	205,093	224,233	301,009	346,161	381,147	412,394	454,854	405,342	456,077	508,546	342,322	233,296	36,427	26,719	38,652	18,144
`178/9`	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	38,000	-	-	-	-
`42/48`	404,725	248,290	227,611	236,352	212,419	164,921	218,185	311,699	203,353	143,554	145,792	139,280	57,998	109,393	112,364	144,951	123,086	177,607
`42`	66,078	86,527	109,385	92,190	97,213	116,249	94,436	93,116	80,489	50,735	52,469	55,223	38,549	28,131	18,282	11,932	11,362	4,628
`43`	33,218	8,160	65,337	11,061	-	12,410	38,228	105,345	85,940	35,797	43,329	61,360	-	33,407	19,721	27,346	6,692	8,984
`430/8`	33,218	8,160	65,337	11,061	-	12,410	38,228	105,345	85,940	35,797	43,329	61,360	-	33,407	19,721	27,346	6,692	8,984
`44`	104,211	24,308	15,888	102,571	28,418	18,107	30,523	102,224	30,692	37,343	37,715	9,851	11,852	26,436	15,159	30,905	26,778	57,270
`440/4`	104,211	24,308	15,888	102,571	28,418	18,107	30,523	102,224	30,692	37,343	37,715	9,851	11,852	26,436	15,159	30,905	26,778	57,270
`46`	110,000	101,000	-	8,696	41,596	-	35,110	-	-	-	-	-	-	-	-	-	-	-
`45`	40,868	28,294	37,001	21,834	15,193	18,154	19,887	11,014	6,232	19,680	12,280	12,847	7,207	7,467	21,517	4,788	5,105	1,812
`450/3`	19,522	10,251	20,901	11,426	748	8,181	9,730	734	358	5,554	7,896	5,633	3,225	4,385	18,255	4,770	1,381	379
`454/9`	21,346	18,043	16,100	10,408	14,445	9,974	10,157	10,280	5,874	14,126	4,384	7,214	3,982	3,082	3,262	18	3,725	1,434
`47/48`	50,350	-	-	-	30,000	-	-	-	-	-	-	-	389	13,952	37,685	69,980	73,149	104,911
`492/3`	247	66	394	-	-	-	760	1,179	968	1,593	2,142	5,431	5,032	3,753	513	464	53	29
Income statement
`9900`	389,914	320,990	269,445	260,828	282,455	298,584	263,083	200,179	185,731	177,528	178,245	166,247	138,081	137,688	146,794	46,463	61,940	60,613
`62`	185,639	152,315	129,219	106,825	126,800	126,576	111,055	86,409	70,814	66,452	57,522	61,471	48,883	37,269	25,222	529	28,659	30,544
`630`	98,276	94,661	75,483	84,039	112,920	94,319	86,780	89,593	79,003	58,775	68,706	67,481	53,090	76,967	41,233	30,273	25,055	25,358
`640/8`	10,553	9,109	8,691	7,933	9,130	611	343	1,765	1,508	1,480	4,589	3,425	2,686	2,860	4,301	864	1,943	-
`66A`	-	-	-	-	-	-	-	-	-	5,446	-	-	9,262	1,764	-	-	-	-
`9901`	95,445	64,904	56,053	62,031	33,604	77,079	64,905	22,412	34,406	50,821	47,428	33,869	33,423	20,592	76,038	14,796	6,282	4,712
`75/76B`	5,906	3,433	3,605	5,051	4,747	6,983	3,382	3,721	2,810	1,654	2,161	2,842	1,529	2,229	1,388	3,417	1,355	2,810
`75`	5,906	3,433	3,605	5,051	4,747	6,983	3,382	3,721	2,810	1,654	2,161	2,842	1,529	2,229	1,388	3,417	1,355	2,810
`65/66B`	15,660	17,660	15,636	13,435	15,551	16,208	20,610	21,103	22,187	28,289	25,769	23,192	13,547	5,267	4,863	4,978	5,622	1,609
`65`	15,660	17,660	15,636	13,435	15,551	16,208	20,610	21,103	22,187	22,843	25,769	23,192	13,547	5,267	4,863	4,978	5,622	1,609
`66B`	-	-	-	-	-	-	-	-	-	5,446	-	-	-	-	-	-	-	-
`9903`	85,691	50,678	44,022	53,647	22,800	67,853	47,677	5,030	15,028	24,186	23,820	13,519	12,144	15,790	72,563	13,235	2,014	5,913
`67/77`	30,372	16,275	14,476	16,426	748	14,509	8,181	-	276	3,217	4,917	2,408	3,225	4,385	24,487	4,999	1,002	380
`9904`	55,319	34,402	29,546	37,221	22,052	53,344	39,496	5,030	14,753	20,968	18,903	11,112	8,918	11,405	48,076	8,235	1,012	5,533
`9905`	55,319	34,402	29,546	37,221	22,052	53,344	39,496	5,030	14,753	20,968	18,903	11,112	8,918	11,405	48,076	8,235	1,012	5,533
Appropriation of the result
`9906`	239,519	218,602	213,745	221,199	213,978	244,926	191,582	152,085	147,055	132,303	111,334	92,431	81,320	72,401	60,996	12,920	4,685	5,533
`14P`	184,199	184,199	184,199	183,978	191,926	-	-	-	-	-	-	-	-	-	-	-	-	-
`791/2`	53,000	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	55,319	34,402	29,546	37,000	-	53,000	-	-	-	-	-	-	-	-	-	-	-	1,860
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860
`6921`	55,319	34,402	29,546	37,000	-	53,000	-	-	-	-	-	-	-	-	-	-	-	-
`694/7`	53,000	-	-	-	30,000	-	-	-	-	-	-	-	-	-	-	-	-	-
`694`	53,000	-	-	-	30,000	-	-	-	-	-	-	-	-	-	-	-	-	-
Social balance sheet
`9087`	4.5	2.8	3.5	3.4	4.4	4.2	3.6	3	3.1	3.2	2.8	2.7	2.1	2	1.6	0.1	1.1	1
Hours worked`1013`	6,829	4,016	5,117	5,007	6,286	6,443	5,551	4,740	46,545	4,511	3,624	4,689	3,531	3,634	2,627	8	1,572	1,766
Document	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF	PDF

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 27-07-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	27-07-2026	2026-00350531	PDF
31-12-2024	full format	29-07-2025	2025-00334022	PDF
31-12-2023	full format	19-09-2024	2024-00470346	PDF
31-12-2022	full format	24-07-2023	2023-00274740	PDF
31-12-2021	micro format	22-07-2022	2022-20220279	PDF
31-12-2020	micro format	29-07-2021	2021-42200247	PDF
31-12-2019	micro format	01-07-2020	2020-24800068	PDF
31-12-2018	micro format	25-07-2019	2019-38500170	PDF
31-12-2017	full format	25-07-2018	2018-37500137	PDF
31-12-2016	full format	27-07-2017	2017-36200553	PDF
31-12-2015	full format	09-08-2016	2016-41600525	PDF
31-12-2014	full format	31-07-2015	2015-38500014	PDF
31-12-2013	full format	29-07-2014	2014-38900038	PDF
31-12-2012	full format	31-07-2013	2013-37600249	PDF
31-12-2011	full format	20-07-2012	2012-31700531	PDF
31-12-2010	full format	27-07-2011	2011-33800065	PDF
31-12-2009	full format	27-07-2010	2010-34900163	PDF
31-12-2008	full format	06-07-2009	2009-36500042	PDF

Key figures and ratios

per financial year, computed from the annual accounts

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
193,721	159,565	131,535	146,070	146,524	171,397	151,685	112,006	113,409	109,596	116,134	101,350	86,513	97,559	117,271	45,070	31,338	30,069
153,596	129,063	105,029	121,260	134,972	147,663	126,276	94,623	93,756	79,744	87,609	78,593	62,008	88,372	89,308	38,509	26,068	30,890
216,287	88,138	112,926	26,599	78,705	112,415	27,184	127,262	161,668	8,182	40,182	338,469	157,899	257,778	51,715	22,137	25,250	178,852
29,660	37	0	-12,187	-	-	-	-	-	-	-	-	-	-	-	-	-	-
-77,446	-77,778	-88,945	-58,912	-72,475	-49,269	-47,664	-111,806	-66,483	-45,815	-64,450	-54,479	7,568	-18,446	-50,509	-98,686	-104,536	-125,886
34.7%	45.9%	43.6%	40.4%	35.6%	36.6%	29.3%	23.0%	21.8%	23.5%	20.1%	17.3%	18.7%	17.4%	31.9%	11.2%	7.7%	6.0%
0.81	0.69	0.61	0.75	0.66	0.70	0.78	0.64	0.67	0.68	0.56	0.61	1.13	0.83	0.55	0.32	0.15	0.29
0.55	0.48	0.50	0.64	0.63	0.59	0.71	0.52	0.53	0.57	0.45	0.43	0.87	0.67	0.55	0.32	0.15	0.23
1.88	1.18	1.30	1.48	1.81	1.73	2.41	3.34	3.60	3.26	3.98	4.80	4.36	4.73	2.14	7.90	11.94	15.62
14.0%	8.7%	8.1%	11.0%	7.2%	16.8%	14.9%	2.2%	7.6%	11.6%	11.7%	7.7%	8.8%	14.0%	68.8%	37.8%	7.5%	44.1%
4.9%	4.0%	3.5%	4.5%	2.6%	6.2%	4.4%	0.5%	1.7%	2.7%	2.4%	1.3%	1.6%	2.4%	21.9%	4.2%	0.6%	2.7%
12.37	9.04	8.41	10.87	9.42	-	-	-	-	-	-	-	-	-	-	-	-	-

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item	31-12-2025	31-12-2024	31-12-2023	31-12-2022	31-12-2021
Employees at the balance-sheet date	4	3	4	4	6
full-time	3	2	3	3	5
part-time	1	1	1	1	1
in full-time equivalents	3.8	2.8	3.8	3.8	5.8
	4.5	2.8	3.5	3.4	4.4
On a permanent contract	4	3	3	2	4
Joined	4	3	5	1	3
Left	3	4	5	3	3
Training hours	288	-	516	1,060	368

Source: social balance sheet in the 2021 to 2025 annual accounts

Investments

fixed assets acquired

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€216,287	€88,138	€112,926	€26,599	€78,705
	€98,276	€94,661	€75,483	€84,039	€112,920

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on CSO CONSTRUCT

The operating result for 2025 is 47% higher than in 2024 and the highest since 2008. It is the second rise in a row, after the fall in 2023.

Debt's share of the balance-sheet total rises from 54.1% to 65.3%. Equity is lower and debt is higher.

Next steps

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Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency34.7%

Current ratio0.81

Return on assets4.9%

Staff

Staff cost per FTE€41,253

Joined and left+1 person

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Insights on CSO CONSTRUCT

Next steps

in euro

in euro

34.7%

0.81

4.9%

€41,253

+1 person