Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
Colas Noord from Heusden-Zolder, company number BE0404206225, closed financial year 2025 with a result of € -756,719 after tax. For that financial year Colas Noord recorded revenue of € 157.9 million and equity of € 3.9 million. Compared with financial year 2024, the result moved from € -663,171 to € -756,719. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 12, 2026.
€ 3.9 million
▼ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -756,719
▼ 14 % more loss than in 2024
Profit after tax over the fiscal year.
€ 19,580
▼ 93% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.3 million.
People and assets in 2025
472.1
▼ 25 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 34.5 million
▲ 1% vs 2024
€ 73,100 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 338,924
▼ 49% vs 2024
Of which on lease € 176,493.
Debts at end 2025
€ 11.8 million
▲ 83% vs 2024
Loans from banks and other lenders, long and short.
€ 35.4 million
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 96 days on average.
€ 5.4 million
▼ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 97,474,149 | € 144,874,718 | € 162,431,429 | € 157,853,623 | ▼ 3% |
| Profit after taxes | € -68,479 | € -7,611,872 | € -663,171 | € -756,719 | ▼ € 93,548 |
| Equity | € 8,672,216 | € 5,285,781 | € 4,622,610 | € 3,865,891 | ▼ 16% |
| Total debts | € 29,923,827 | € 45,307,932 | € 53,917,142 | € 56,352,910 | ▲ 5% |
| Cash | € 9,234 | € 125,651 | € 275,516 | € 19,580 | ▼ 93% |
| Land & buildings | € 570,780 | € 1,450,813 | € 1,337,848 | € 1,796,306 | ▲ 34% |
| Retained profit | € 5,945,065 | € -2,858,273 | € -3,521,443 | € -4,278,163 | ▼ € 756,719 |
| Bank debt | € 4,198,585 | € 11,034,637 | € 6,460,757 | € 11,819,118 | ▲ 83% |
| Balance sheet total | € 45,829,381 | € 59,603,225 | € 67,529,187 | € 66,940,660 | ▼ 1% |
| Employees (FTE) | 325.8 | 450.2 | 497.1 | 472.1 | ▼ 25 |
Key figures of Colas Noord, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Colas Noord?
What happened at Colas Noord in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Francois Hendrickx stepped down as director. NBB
- Bart De Smedt stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 756,719. Source: NBB ↗
- Colas Belgium NV stepped down as director. NBB
- Bart De Smedt became a director. NBB
- New establishment in Brussel. KBO
- Francois Hendrickx became a director. NBB
- Colas Belgium NV became a director. NBB
In short
From € 68,479 loss in 2022 to € 756,719 loss in 2025.
Paid € 902,930 in corporate taxes since 2022.
Pays suppliers within 96 days on average.
Management
The stake of COLAS BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Colas NoordThe shares are held by COLAS BELGIUM (100%).
Directors
According to the 2025 annual accounts
Francois Hendrickx
Director
since 2021 · until 2027
Bart De Smedt
Director
since 2023 · until 2027
Director · represented by Axel Blaes
Also active at: GRES D'YVOIR, Colas Transport, BELLE ROCHE SABLAR, BELGIAN EMULSIONS, SCREDEMA, ASFALT PRODUCTIE LIMBURG, ASCOVIL
since 2021 · until 2026
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Dellestraat 25
3550 Heusden-Zolder
Merksemsebaan 298
2110 Wijnegem
Active since 25 September 1997
Antoon van Osslaan 1 box 28B
1120 Brussel
Active since 1 January 2023
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →Paragon Customer Communications Belgium
€ 2.7 million revenue · 2026
ASFALT PRODUCTIE LIMBURG same network
€ 12.8 million revenue · 2025
THV VBG NV - ASWEBO NV E313
TV NV VBG - NV Etablissement Frateur De Pourcq
TV Colas-Deckx-E34 Fase 5
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0404.206.225
- VAT number
- BE 0404.206.225
- Registered office
- Dellestraat 25, 3550 Heusden-Zolder
- Names & denominations
- Colas Noord
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 May 1937
- Peppol
- Active · Active since 31 Jul 2025
- Activities · NACE
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Bouw van autowegen en andere wegen