ACTIVE

SOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES

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Financial year 2025 · closed on 31/12/2025
Net result
10,8 M €
-79.6% YoY
Revenue
2,6 Md €
+2.2% YoY
Equity
8,1 Md €
+4.3% YoY

What does SOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES do?

SOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES is a Public limited company incorporated in 1968. Its main activity is: Passenger rail transport, interurban. Its registered office is in Saint-Gilles.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0203.430.576
Incorporation
01/01/1968
Legal form
Public limited company
Registered office
Rue de France 56
1060 Saint-Gilles · BruxellesSee on map
Contributed capital
249 022 345,57 €
Latest accounts
31/12/2025
Activities (NACE)
49100Passenger rail transport, interurban· main49110Passenger rail transport, interurban74601Other professional, scientific and technical activities80010Security and investigation activities80100Private security activities
Signals
Low riskHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212020201920182017201620152014201320122011201020092008
Income statement
Revenue2,6 Md €2,6 Md €2,6 Md €2,2 Md €1,9 Md €2,2 Md €2,4 Md €2,3 Md €2,3 Md €2,2 Md €2,2 Md €2,4 Md €2,6 Md €2,5 Md €2,4 Md €2,4 Md €2,5 Md €2,4 Md €
EBITDA79 M €155,5 M €114,3 M €-20,7 M €46,7 M €-103 M €103,6 M €96,4 M €61,2 M €-112,7 M €71 M €-37,5 M €193,3 M €77,6 M €145,1 M €121,7 M €170 M €237,3 M €
Operating result-484,6 M €-375,1 M €-390,9 M €-438,3 M €-406,2 M €-573,8 M €-336,9 M €-322,1 M €-335,5 M €-587,7 M €-292,2 M €-410,1 M €118,1 M €-1,7 M €60,5 M €38,5 M €-44,6 M €166,4 M €
Net result10,8 M €53,1 M €67,1 M €17,5 M €-328,9 k €-212,9 M €106 M €30,7 M €58,6 M €-249,7 M €164,6 M €-512,3 M €150,8 M €3,6 M €-16,2 M €-201,5 M €135,7 M €-70,2 M €
Balance sheet
Equity8,1 Md €7,7 Md €7,4 Md €7,6 Md €7,4 Md €7,1 Md €7,1 Md €6,8 Md €6,5 Md €6,2 Md €6,1 Md €5,7 Md €3,4 Md €1,9 Md €1,9 Md €1,8 Md €2 Md €1,8 Md €
Total assets13,1 Md €12,9 Md €12,4 Md €12,2 Md €12 Md €11,9 Md €12 Md €11,7 Md €12 Md €11,9 Md €11,9 Md €11,9 Md €11,6 Md €10,4 Md €10,1 Md €10,4 Md €11,9 Md €12,1 Md €
Cash26,9 M €36,1 M €41,5 M €224,2 M €419,6 M €532,1 M €299,1 M €167 M €206,5 M €81,8 M €118,8 M €87 M €62,7 M €37,5 M €86,7 M €8 M €4,1 M €2,5 M €
Debts3,3 Md €3,6 Md €3,6 Md €3,8 Md €3,7 Md €3,7 Md €3,8 Md €3,9 Md €4,4 Md €4,6 Md €4,7 Md €5 Md €7,1 Md €7,3 Md €7,1 Md €7,4 Md €5,4 Md €5,1 Md €
Other
Workforce––––––––––––1 262,4 ETP1 169,6 ETP1 080,0 ETP1 295,6 ETP1 044,4 ETP923,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 17 active · 89 ended

Active mandates

Maarten Vanderhenst

Director · since 27 mars 2026

Active
Chanelle BONAVENTURE

Director · since 07 novembre 2025 · until 02 mai 2027

Active
Olivier HENRY

Director · since 23 juillet 2025 · until 02 mai 2027

Active
Emmanuel DOUETTE

Director · since 04 octobre 2024 · until 31 mai 2027

Active
Daan SCHALCK

Director · since 10 mai 2021 · until 31 mai 2027

Active
An POOT

Director · since 03 mai 2021 · until 02 mai 2027

Active
Deborah GERADON

Director · since 03 mai 2021 · until 04 octobre 2025

Active
Laurent LEVEQUE

Director · since 03 mai 2021 · until 30 juin 2025

Active
Thibaut GEORGIN

Chairman of the board of directors · since 03 mai 2021 · until 02 mai 2027

Active
Wouter VAN BESIEN

Director · since 03 mai 2021 · until 02 mai 2027

Active
Eric MERCENIER

Director · since 29 novembre 2019

Active
Laurence GLAUTIER

Director · since 23 février 2018 · until 02 mai 2027

Active
Sophie DUTORDOIR

Managing director · since 07 mars 2017 · until 06 mars 2029

Active
Bart VAN CAMP

Director · since 01 janvier 2017

Active
Filip BOELAERT

Director · since 01 janvier 2017

Active
Martine DUREZ

Director · since 01 janvier 2017

Active
Dirk STERCKX

Director · since 14 octobre 2013 · until 02 mai 2027

Active

Ended mandates

Arnaud DEWEZ

Director · since 23 décembre 2022 · until 25 septembre 2024

Ended
Arnaud DEWEZ

Director · since 23 décembre 2022 · until 31 mai 2027

Ended
Daan SCHALCK

Director · since 10 mai 2021 · until 31 mai 2027

Ended
Mathieu BIHET

Director · since 10 mai 2021 · until 22 décembre 2022

Ended
At this address

Other companies at this address

CompanyCBE no.
NMBS Groep● Active
1011.249.942
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date08/06/202604/06/202506/06/202405/06/202301/06/202207/06/2021
General meeting29/05/202628/05/202531/05/202431/05/202331/05/202231/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

153 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202529/05/202608/06/2026DutchPDF
Full model31/12/202529/05/202608/06/2026FrenchPDF
Consolidated accounts31/12/202529/05/202609/06/2026DutchPDF
Consolidated accounts31/12/202529/05/202609/06/2026FrenchPDF
Full model31/12/202428/05/202504/06/2025DutchPDF
Full model31/12/202428/05/202504/06/2025FrenchPDF
Consolidated accounts31/12/202428/05/202504/06/2025DutchPDF
Consolidated accounts31/12/202428/05/202504/06/2025FrenchPDF
Full model31/12/202331/05/202406/06/2024FrenchPDF
Full model31/12/202331/05/202406/06/2024DutchPDF
Consolidated accounts31/12/202331/05/202406/06/2024DutchPDF
Consolidated accounts31/12/202331/05/202406/06/2024FrenchPDF
Full model31/12/202231/05/202305/06/2023DutchPDF
Full model31/12/202231/05/202305/06/2023FrenchPDF
Consolidated accounts31/12/202231/05/202305/06/2023DutchPDF
Consolidated accounts31/12/202231/05/202305/06/2023FrenchPDF
Full model31/12/202131/05/202201/06/2022DutchPDF
Full model31/12/202131/05/202201/06/2022FrenchPDF
Consolidated accounts31/12/202131/05/202201/06/2022FrenchPDF
Consolidated accounts31/12/202131/05/202201/06/2022DutchPDF
Full model31/12/202031/05/202107/06/2021FrenchPDF
Full model31/12/202031/05/202107/06/2021DutchPDF
Consolidated accounts31/12/202031/05/202107/06/2021DutchPDF
Consolidated accounts31/12/202031/05/202107/06/2021FrenchPDF

View all 153 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 · 17 active · 89 ended

Active mandates

Maarten Vanderhenst

Director · since 27 mars 2026

Active
Chanelle BONAVENTURE

Director · since 07 novembre 2025 · until 02 mai 2027

Active
Olivier HENRY

Director · since 23 juillet 2025 · until 02 mai 2027

Active
Emmanuel DOUETTE

Director · since 04 octobre 2024 · until 31 mai 2027

Active
Daan SCHALCK

Director · since 10 mai 2021 · until 31 mai 2027

Active
An POOT

Director · since 03 mai 2021 · until 02 mai 2027

Active
Deborah GERADON

Director · since 03 mai 2021 · until 04 octobre 2025

Active
Laurent LEVEQUE

Director · since 03 mai 2021 · until 30 juin 2025

Active
Thibaut GEORGIN

Chairman of the board of directors · since 03 mai 2021 · until 02 mai 2027

Active
Wouter VAN BESIEN

Director · since 03 mai 2021 · until 02 mai 2027

Active
Eric MERCENIER

Director · since 29 novembre 2019

Active
Laurence GLAUTIER

Director · since 23 février 2018 · until 02 mai 2027

Active
Sophie DUTORDOIR

Managing director · since 07 mars 2017 · until 06 mars 2029

Active
Bart VAN CAMP

Director · since 01 janvier 2017

Active
Filip BOELAERT

Director · since 01 janvier 2017

Active
Martine DUREZ

Director · since 01 janvier 2017

Active
Dirk STERCKX

Director · since 14 octobre 2013 · until 02 mai 2027

Active

Ended mandates

Arnaud DEWEZ

Director · since 23 décembre 2022 · until 25 septembre 2024

Ended
Arnaud DEWEZ

Director · since 23 décembre 2022 · until 31 mai 2027

Ended
Daan SCHALCK

Director · since 10 mai 2021 · until 31 mai 2027

Ended
Mathieu BIHET

Director · since 10 mai 2021 · until 22 décembre 2022

Ended
Shareholders

Ownership and network

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Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates23/06/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates23/06/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates28/05/2026
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates28/05/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/12/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/10/2025
    DEMISSIONS, NOMINATIONS
    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

Timeline

  1. 01/01/2027
    reconductionRenaud LORAND — algemeen directeur, tevens belast met Strategy & Legal, lid van het Directiecomité
  2. 01/01/2027
    reconductionRenaud LORAND — directeur général Finance, par ailleurs en charge de la Stratégie & Legal, membre du Comité de Direction
  3. 27/03/2026
    nominationMaarten VANDERHENST — administrateur
  4. 27/03/2026
    nominationMaarten VANDERHENST — bestuurder
  5. 2025
    Annual accounts 202510,8 M €↓
  6. 07/11/2025
    nominationChanelle BONAVENTURE — bestuurder
  7. 07/11/2025
    nominationChanelle BONAVENTURE — administratrice
  8. 23/07/2025
    nominationOlivier HENRY — bestuurder
  9. 23/07/2025
    nominationOlivier HENRY — administrateur
  10. 07/03/2025
    nominationTanguy Legein — Commissaris
  11. 07/03/2025
    nominationMichaël Delbeke — Commissaris
  12. 01/01/2025
    autre
  13. 01/01/2025
    apport
  14. 2024
    Annual accounts 202453,1 M €↓
  15. 04/10/2024
    nominationDOUETTE — bestuurder
  16. 04/10/2024
    nominationM. DOUETTE — administrateur
  17. 06/09/2024
    split
  18. 06/09/2024
    autre
  19. 2023
    Annual accounts 202367,1 M €↑
  20. 01/10/2023
    reconductionPatrice COUCHARD — algemeen directeur van de directie Stations en lid van het directiecomité
  21. 01/10/2023
    reconductionPatrice COUCHARD — directeur général Stations
  22. 31/05/2023
    nominationDEWEZ — bestuurder
  23. 31/05/2023
    nominationTanguy LEGEIN — permanent vertegenwoordiger (revisor)
  24. 31/05/2023
    nominationMichaël DELBEKE — permanent vertegenwoordiger (revisor)
  25. 30/05/2023
    nominationSophie DUTORDOIR — bijzondere lasthebber
  26. 30/05/2023
    nominationPatrice Marie Simon Jean Ghislain COUCHARD — bijzondere lasthebber
  27. 30/05/2023
    nominationPatricia Gertrude Fernand CUVELIER — bijzondere lasthebber
  28. 30/05/2023
    nominationMarc Georges Louis HAUMONT — bijzondere lasthebber
  29. 30/05/2023
    nominationTanguy Jean-Paul Ghislain Marie VERHEYEN — bijzondere lasthebber
  30. 30/05/2023
    nominationStéphane Martin Ghislain Edgard HENDRICK — bijzondere lasthebber
  31. 30/05/2023
    nominationEmmanuel Christian Alain Ghislain THIRY — bijzondere lasthebber
  32. 30/05/2023
    nominationMaria-Isabelle LEFERE — bijzondere lasthebber
  33. 30/05/2023
    nominationSam Simon Roger Haccour — bijzondere lasthebber
  34. 30/05/2023
    nominationMichel Nello VANDERLINDEN — bijzondere lasthebber
  35. 30/05/2023
    nominationXavier Pierre Arsène Jean BRoUILLARD — bijzondere lasthebber
  36. 30/05/2023
    nominationThomas GOEMINNE — bijzondere lasthebber
  37. 30/05/2023
    nominationPamela Marleen Stefaan DE WAELE — bijzondere lasthebber
  38. 2022
    Annual accounts 202217,5 M €↑
  39. 23/12/2022
    nominationM. DEWEZ — administrateur qui répond aux critères d'indépendance
  40. 23/12/2022
    nominationArnaud DEWEZ — bestuurder
  41. 23/12/2022
    nominationM. Arnaud DEWEZ — administrateur
  42. 28/10/2022
    nominationSophie DUTORDOIR — bijzondere lasthebber
  43. 28/10/2022
    nominationPatrice Marie Simon Jean Ghislain COUCHARD — bijzondere lasthebber
  44. 28/10/2022
    nominationPatricia Gertrude Fernand CUVELIER — bijzondere lasthebber
  45. 28/10/2022
    nominationMarc Georges Louis HAUMONT — bijzondere lasthebber
  46. 28/10/2022
    nominationStéphane Martin Ghislain Edgard HENDRICK — bijzondere lasthebber
  47. 28/10/2022
    nominationEmmanuel Christian Alain Ghislain THIRY — bijzondere lasthebber
  48. 28/10/2022
    nominationMaria-Isabelle LEFERE — bijzondere lasthebber
  49. 28/10/2022
    nominationSam Simon Roger HACCOUR — bijzondere lasthebber
  50. 28/10/2022
    nominationMichel Nello VANDERLINDEN — bijzondere lasthebber
  51. 28/10/2022
    nominationXavier Pierre Arsène Jean BROUILLARD — bijzondere lasthebber
  52. 28/10/2022
    nominationPamela Marleen Stefaan DE WAELE — bijzondere lasthebber
  53. 01/10/2022
    nominationTanguy LEGEIN — vaste vertegenwoordiger van commissarissen bedrijfsrevisoren
  54. 01/10/2022
    nominationMichaël DELBEKE — vaste vertegenwoordiger van commissarissen bedrijfsrevisoren
  55. 01/10/2022
    nominationTanguy LEGEIN — représentant permanent de commissaires réviseurs
  56. 01/10/2022
    nominationMichaël DELBEKE — représentant permanent de commissaires réviseurs
  57. 01/07/2022
    reconductionKoen KERCKAERT — lid van het directiecomité
  58. 01/07/2022
    reconductionKoen KERCKAERT — membre du Comité de Direction
  59. 01/07/2022
    autre
  60. 2021
    Annual accounts 2021-328,9 k €↑
  61. 2021
    Name changeSNCB
  62. 2021
    Name changeNMBS
  63. 2020
    Annual accounts 2020-212,9 M €↓
  64. 2019
    Annual accounts 2019106 M €↑
  65. 2018
    Annual accounts 201830,7 M €↓
  66. 2017
    Annual accounts 201758,6 M €↑
  67. 2016
    Annual accounts 2016-249,7 M €↓
  68. 2016
    Name changeNATIONALE MAATSCHAPPIJ DER BELGISCHE SPOORWEGEN
  69. 2015
    Annual accounts 2015164,6 M €↑
  70. 2014
    Annual accounts 2014-512,3 M €↓
  71. 2013
    Annual accounts 2013150,8 M €↑
  72. 2013
    Name changeSOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES
  73. 2012
    Annual accounts 20123,6 M €↑
  74. 2011
    Annual accounts 2011-16,2 M €↑
  75. 2011
    Name changeN.M.B.S. HOLDING
  76. 2011
    Name changeS.N.C.B. HOLDING
  77. 2010
    Annual accounts 2010-201,5 M €↓
  78. 2009
    Annual accounts 2009135,7 M €↑
  79. 2008
    Annual accounts 2008-70,2 M €
  80. 01/01/1968
    IncorporationPublic limited company