ACTIVE

SOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES

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Financial year 2025 · Closed on 31/12/2025

Net result10,8 M €-79,6 %over 1 year
Revenue2,6 Md €+2,2 %over 1 year
Equity8,1 Md €+4,3 %over 1 year

Identity

Source · BCE/KBO

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
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

Financials

Source · NBB, 153 filings

Trend over 18 financial years

20252024202320222021
Income statement
Revenue2,6 Md €2,6 Md €2,6 Md €2,2 Md €1,9 Md €
EBITDA79 M €155,5 M €114,3 M €-20,7 M €46,7 M €
Operating result-484,6 M €-375,1 M €-390,9 M €-438,3 M €-406,2 M €
Net result10,8 M €53,1 M €67,1 M €17,5 M €-328,9 k €
Balance sheet
Equity8,1 Md €7,7 Md €7,4 Md €7,6 Md €7,4 Md €
Total assets13,1 Md €12,9 Md €12,4 Md €12,2 Md €12 Md €
Cash26,9 M €36,1 M €41,5 M €224,2 M €419,6 M €
Debts3,3 Md €3,6 Md €3,6 Md €3,8 Md €3,7 Md €
Other
Workforce–––––

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

17 active · 89 ended

Active mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Maarten Vanderhenst
Directorsince 27/03/2026
Chanelle BONAVENTURE
Director07/11/2025 → 02/05/2027
000
Olivier HENRY
Director23/07/2025 → 02/05/2027
0
Emmanuel DOUETTE
Director04/10/2024 → 31/05/2027
000
Daan SCHALCK
Director10/05/2021 → 31/05/2027
000
An POOT
Director03/05/2021 → 02/05/2027
Deborah GERADON
Director03/05/2021 → 04/10/2025
00
Laurent LEVEQUE
Director03/05/2021 → 30/06/2025
00
Thibaut GEORGIN
Chairman of the board of directors03/05/2021 → 02/05/2027
00
Wouter VAN BESIEN
Director03/05/2021 → 02/05/2027
Eric MERCENIER
Directorsince 29/11/2019
000
Laurence GLAUTIER
Director23/02/2018 → 02/05/2027
0
Sophie DUTORDOIR
Managing director07/03/2017 → 06/03/2029
0
Bart VAN CAMP
Directorsince 01/01/2017
000
Filip BOELAERT
Directorsince 01/01/2017
00
Martine DUREZ
Directorsince 01/01/2017
Dirk STERCKX
Director14/10/2013 → 02/05/2027
000

Ended mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Arnaud DEWEZ
Director23/12/2022 → 25/09/2024
Arnaud DEWEZ
Director23/12/2022 → 31/05/2027
Daan SCHALCK
Director10/05/2021 → 31/05/2027
0
Mathieu BIHET
Director10/05/2021 → 22/12/2022
00

Other companies at this address

Rue de France 56 1060 Saint-Gilles
CompanyCBE no.
NMBS Groep● Active
1011.249.942

Full financial information

Source · NBB
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 153 filings
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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

17 active · 89 ended

Active mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Maarten Vanderhenst
Directorsince 27/03/2026
Chanelle BONAVENTURE
Director07/11/2025 → 02/05/2027
000
Olivier HENRY
Director23/07/2025 → 02/05/2027
0
Emmanuel DOUETTE
Director04/10/2024 → 31/05/2027
000
Daan SCHALCK
Director10/05/2021 → 31/05/2027
000
An POOT
Director03/05/2021 → 02/05/2027
Deborah GERADON
Director03/05/2021 → 04/10/2025
00
Laurent LEVEQUE
Director03/05/2021 → 30/06/2025
00
Thibaut GEORGIN
Chairman of the board of directors03/05/2021 → 02/05/2027
00
Wouter VAN BESIEN
Director03/05/2021 → 02/05/2027
Eric MERCENIER
Directorsince 29/11/2019
000
Laurence GLAUTIER
Director23/02/2018 → 02/05/2027
0
Sophie DUTORDOIR
Managing director07/03/2017 → 06/03/2029
0
Bart VAN CAMP
Directorsince 01/01/2017
000
Filip BOELAERT
Directorsince 01/01/2017
00
Martine DUREZ
Directorsince 01/01/2017
Dirk STERCKX
Director14/10/2013 → 02/05/2027
000

Ended mandates

DirectorFunctionMandateOther mandatescurrentendedstruck offbankruptcies
Arnaud DEWEZ
Director23/12/2022 → 25/09/2024
Arnaud DEWEZ
Director23/12/2022 → 31/05/2027
Daan SCHALCK
Director10/05/2021 → 31/05/2027
0
Mathieu BIHET
Director10/05/2021 → 22/12/2022
00

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Other24/09/2026
    (Sub)delegaties van bevoegdheden van NMBS
    PDF
  • Other24/09/2026
    (Sub)Délégations de pouvoirs SNCB.
    PDF
  • 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

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. 2025
    Name changeSNCB
  7. 2025
    Name changeNMBS
  8. 2025
    Name changeSOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES
  9. 07/11/2025
    nominationChanelle BONAVENTURE · bestuurder
  10. 07/11/2025
    nominationChanelle BONAVENTURE · administratrice
  11. 23/07/2025
    nominationOlivier HENRY · bestuurder
  12. 23/07/2025
    nominationOlivier HENRY · administrateur
  13. 07/03/2025
    nominationTanguy Legein · Commissaris
  14. 07/03/2025
    nominationMichaël Delbeke · Commissaris
  15. 01/01/2025
    autre
  16. 01/01/2025
    apport
  17. 2024
    Annual accounts 202453,1 M €↓
  18. 2024
    Name changeSOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES
  19. 2024
    Name changeSNCB
  20. 2024
    Name changeNMBS
  21. 04/10/2024
    nominationDOUETTE · bestuurder
  22. 04/10/2024
    nominationM. DOUETTE · administrateur
  23. 06/09/2024
    split
  24. 06/09/2024
    autre
  25. 2023
    Annual accounts 202367,1 M €↑
  26. 2023
    Name changeSOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES
  27. 2023
    Name changeSNCB
  28. 2023
    Name changeNMBS
  29. 01/10/2023
    reconductionPatrice COUCHARD · algemeen directeur van de directie Stations en lid van het directiecomité
  30. 01/10/2023
    reconductionPatrice COUCHARD · directeur général Stations
  31. 31/05/2023
    nominationDEWEZ · bestuurder
  32. 31/05/2023
    nominationTanguy LEGEIN · permanent vertegenwoordiger (revisor)
  33. 31/05/2023
    nominationMichaël DELBEKE · permanent vertegenwoordiger (revisor)
  34. 30/05/2023
    nominationSophie DUTORDOIR · bijzondere lasthebber
  35. 30/05/2023
    nominationPatrice Marie Simon Jean Ghislain COUCHARD · bijzondere lasthebber
  36. 30/05/2023
    nominationPatricia Gertrude Fernand CUVELIER · bijzondere lasthebber
  37. 30/05/2023
    nominationMarc Georges Louis HAUMONT · bijzondere lasthebber
  38. 30/05/2023
    nominationTanguy Jean-Paul Ghislain Marie VERHEYEN · bijzondere lasthebber
  39. 30/05/2023
    nominationStéphane Martin Ghislain Edgard HENDRICK · bijzondere lasthebber
  40. 30/05/2023
    nominationEmmanuel Christian Alain Ghislain THIRY · bijzondere lasthebber
  41. 30/05/2023
    nominationMaria-Isabelle LEFERE · bijzondere lasthebber
  42. 30/05/2023
    nominationSam Simon Roger Haccour · bijzondere lasthebber
  43. 30/05/2023
    nominationMichel Nello VANDERLINDEN · bijzondere lasthebber
  44. 30/05/2023
    nominationXavier Pierre Arsène Jean BRoUILLARD · bijzondere lasthebber
  45. 30/05/2023
    nominationThomas GOEMINNE · bijzondere lasthebber
  46. 30/05/2023
    nominationPamela Marleen Stefaan DE WAELE · bijzondere lasthebber
  47. 2022
    Annual accounts 202217,5 M €↑
  48. 2022
    Name changeSOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES
  49. 2022
    Name changeNMBS
  50. 2022
    Name changeSNCB
  51. 23/12/2022
    nominationM. DEWEZ · administrateur qui répond aux critères d'indépendance
  52. 23/12/2022
    nominationArnaud DEWEZ · bestuurder
  53. 23/12/2022
    nominationM. Arnaud DEWEZ · administrateur
  54. 28/10/2022
    nominationSophie DUTORDOIR · bijzondere lasthebber
  55. 28/10/2022
    nominationPatrice Marie Simon Jean Ghislain COUCHARD · bijzondere lasthebber
  56. 28/10/2022
    nominationPatricia Gertrude Fernand CUVELIER · bijzondere lasthebber
  57. 28/10/2022
    nominationMarc Georges Louis HAUMONT · bijzondere lasthebber
  58. 28/10/2022
    nominationStéphane Martin Ghislain Edgard HENDRICK · bijzondere lasthebber
  59. 28/10/2022
    nominationEmmanuel Christian Alain Ghislain THIRY · bijzondere lasthebber
  60. 28/10/2022
    nominationMaria-Isabelle LEFERE · bijzondere lasthebber
  61. 28/10/2022
    nominationSam Simon Roger HACCOUR · bijzondere lasthebber
  62. 28/10/2022
    nominationMichel Nello VANDERLINDEN · bijzondere lasthebber
  63. 28/10/2022
    nominationXavier Pierre Arsène Jean BROUILLARD · bijzondere lasthebber
  64. 28/10/2022
    nominationPamela Marleen Stefaan DE WAELE · bijzondere lasthebber
  65. 01/10/2022
    nominationTanguy LEGEIN · vaste vertegenwoordiger van commissarissen bedrijfsrevisoren
  66. 01/10/2022
    nominationMichaël DELBEKE · vaste vertegenwoordiger van commissarissen bedrijfsrevisoren
  67. 01/10/2022
    nominationTanguy LEGEIN · représentant permanent de commissaires réviseurs
  68. 01/10/2022
    nominationMichaël DELBEKE · représentant permanent de commissaires réviseurs
  69. 01/07/2022
    reconductionKoen KERCKAERT · lid van het directiecomité
  70. 01/07/2022
    reconductionKoen KERCKAERT · membre du Comité de Direction
  71. 01/07/2022
    autre
  72. 2021
    Annual accounts 2021-328,9 k €↑
  73. 2021
    Name changeSOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES
  74. 2021
    Name changeSNCB
  75. 2021
    Name changeNMBS
  76. 2020
    Annual accounts 2020-212,9 M €↓
  77. 2019
    Annual accounts 2019106 M €↑
  78. 2018
    Annual accounts 201830,7 M €↓
  79. 2017
    Annual accounts 201758,6 M €↑
  80. 2016
    Annual accounts 2016-249,7 M €↓
  81. 2016
    Name changeNATIONALE MAATSCHAPPIJ DER BELGISCHE SPOORWEGEN
  82. 2016
    Name changeSOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES
  83. 2015
    Annual accounts 2015164,6 M €↑
  84. 2014
    Annual accounts 2014-512,3 M €↓
  85. 2013
    Annual accounts 2013150,8 M €↑
  86. 2013
    Name changeSOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES
  87. 2012
    Annual accounts 20123,6 M €↑
  88. 2012
    Name changeS.N.C.B. HOLDING
  89. 2011
    Annual accounts 2011-16,2 M €↑
  90. 2011
    Name changeN.M.B.S. HOLDING
  91. 2010
    Annual accounts 2010-201,5 M €↓
  92. 2009
    Annual accounts 2009135,7 M €↑
  93. 2008
    Annual accounts 2008-70,2 M €
  94. 01/01/1968
    IncorporationPublic limited company

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Rue de France 56, 1060 Saint-GillesCurrent
CBE, tracked since 27/09/2026
CBE
Frankrijkstraat - Rue de France 56, 1060 Saint-Gilles
accounts 2021 → 2025
Accounts 2025 · 2026-00162824

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
SOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGESCurrent
accounts 2025 · CBE, tracked since 27/09/2026
Accounts 2025 · 2026-00162246
NMBS
accounts 2025
Accounts 2025 · 2026-00162866
SNCB
accounts 2025
Accounts 2025 · 2026-00162824
NMBS
accounts 2024
Accounts 2024 · 2025-00124152
SNCB
accounts 2024
Accounts 2024 · 2025-00124140
SOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES
accounts 2024
Accounts 2024 · 2025-00124724
NMBS
accounts 2023
Accounts 2023 · 2024-00119166
SNCB
accounts 2023
Accounts 2023 · 2024-00119626
SOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES
accounts 2023
Accounts 2023 · 2024-00119542
SNCB
accounts 2022
Accounts 2022 · 2023-00112515
NMBS
accounts 2022
Accounts 2022 · 2023-00112690
SOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES
accounts 2022
Accounts 2022 · 2023-00113847
NMBS
accounts 2021
Accounts 2021 · 2022-20050933
SNCB
accounts 2021
Accounts 2021 · 2022-20049631
SOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES
accounts 2021
Accounts 2021 · 2022-20052072
SOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES
accounts 2016 → 2020
Accounts 2020 · 2021-18900066
NATIONALE MAATSCHAPPIJ DER BELGISCHE SPOORWEGEN
accounts 2016
Accounts 2016 · 2017-17200559
SOCIÉTÉ NATIONALE DES CHEMINS DE FER BELGES
accounts 2013 → 2015
Accounts 2015 · 2016-17200267
S.N.C.B. HOLDING
accounts 2012
Accounts 2012 · 2013-25600493
S.N.C.B. HOLDING
accounts 2011
Accounts 2011 · 2012-30700040
N.M.B.S. HOLDING
accounts 2011
Accounts 2011 · 2012-30700056

Annual accounts date a value by the financial year it appears in. The CBE dates a change to the day, but its history has only been kept since 27/09/2026.