ACTIVE

RAIL FACILITIES

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Financial year 2025 · closed on 31/12/2025

Net result

111,7 k €

-25.0% YoY

Revenue

14,8 M €

+7.0% YoY

Equity

11 M €

+1.0% YoY

What does RAIL FACILITIES do?

RAIL FACILITIES is a Public limited company incorporated in 1930. Its main activity is: Gambling and betting activities. Its registered office is in Saint-Gilles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0403.265.325

Incorporation

11/05/1930

Legal form

Public limited company

Registered office

Rue de France 58
1060 Saint-Gilles · BruxellesSee on map

Contributed capital

248 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

92724Gambling and betting activities· main 93299Other amusement and recreation activities 93299Other amusement and recreation activities 66199Other activities auxiliary to financial services, except insurance and pension funding 66199Other activities auxiliary to financial services, except insurance and pension funding 67130Autres auxiliaires financiers+3

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHigh revenue

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2019		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	14,8 M €	+7.0%	13,9 M €	+0.3%	13,8 M €	+22.6%	11,3 M €	+11.6%	10,1 M €	+55.7%	6,5 M €	-12.1%	7,4 M €	+33.6%	5,5 M €	+19.5%	4,6 M €	+40.3%	3,3 M €	-7.9%	3,6 M €	+3.1%	3,5 M €	-27.5%	4,8 M €	+38.1%	3,5 M €	+104%	1,7 M €
EBITDA	50 k €	-39.2%	82,3 k €	-58.3%	197,4 k €	+27.2%	155,3 k €	+10.3%	140,7 k €	-43.7%	249,9 k €	-72.2%	899,4 k €	+19.0%	756,1 k €	-4.3%	789,9 k €	+6.2%	743,4 k €	-4.7%	780,4 k €	-16.0%	928,6 k €	-15.1%	1,1 M €	-5.3%	1,2 M €	-10.2%	1,3 M €
Operating result	56 k €	-35.8%	87,2 k €	-54.6%	192,1 k €	+31.1%	146,6 k €	+13.6%	129 k €	-49.7%	256,5 k €	-71.6%	903 k €	+20.0%	752,5 k €	-6.3%	802,7 k €	+7.0%	750,1 k €	-4.4%	784,3 k €	-16.0%	933,3 k €	-16.0%	1,1 M €	-2.6%	1,1 M €	-10.8%	1,3 M €
Net result	111,7 k €	-25.0%	149 k €	-22.4%	192,1 k €	+180%	68,6 k €	+23.4%	55,5 k €	-63.1%	150,6 k €	-70.5%	511,1 k €	+20.1%	425,7 k €	-8.2%	463,6 k €	+27.4%	363,8 k €	+2.9%	353,4 k €	-12.3%	402,9 k €	-21.9%	515,8 k €	+7.9%	477,9 k €	-0.8%	481,7 k €
Balance sheet
Equity	11 M €	+1.0%	10,9 M €	+1.4%	10,7 M €	+1.8%	10,6 M €	+0.7%	10,5 M €	+1.1%	10,4 M €	+0.2%	10,4 M €	+0.1%	10,3 M €	+0.0%	10,3 M €	+4.6%	9,9 M €	+3.7%	9,5 M €	+3.7%	9,2 M €	+4.4%	8,8 M €	+6.1%	8,3 M €	+5.9%	7,8 M €
Total assets	11,8 M €	+3.0%	11,5 M €	+1.6%	11,3 M €	+1.6%	11,1 M €	-12.9%	12,8 M €	-1.7%	13 M €	-35.0%	20 M €	-24.5%	26,4 M €	-7.8%	28,7 M €	+29.9%	22,1 M €	+12.2%	19,7 M €	-7.5%	21,3 M €	-6.2%	22,7 M €	-3.9%	23,6 M €	-3.5%	24,5 M €
Cash	464,5 k €	-34.5%	709,7 k €	-17.7%	862,3 k €	+15.6%	745,8 k €	+40.6%	530,6 k €	-48.9%	1 M €	-4.9%	1,1 M €	+45.8%	748,4 k €	-28.1%	1 M €	+171%	383,9 k €	+812%	42,1 k €	-20.6%	53 k €	-74.3%	206,6 k €	+38.3%	149,4 k €	-22.4%	192,4 k €
Debts	799,1 k €	+39.7%	572 k €	+4.8%	546 k €	-1.1%	551,8 k €	-75.6%	2,3 M €	-13.1%	2,6 M €	-72.8%	9,6 M €	-40.4%	16 M €	-12.3%	18,3 M €	+50.9%	12,1 M €	+20.9%	10 M €	-16.0%	11,9 M €	-13.7%	13,8 M €	-9.3%	15,2 M €	-8.0%	16,5 M €
Other
Workforce	–		–		–		0,3 ETP	-70.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-61.5%	2,6 ETP	+30.0%	2,0 ETP	+17.6%	1,7 ETP		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 11 active · 63 ended

Active mandates

Luc Vanophalvens

Director · since 30 avril 2025 · until 20 mars 2030

Active

Rosalie Przegralek

Managing director · since 30 avril 2025 · until 20 mars 2030

Active

Arnaud Decoux

Director · since 20 mars 2024 · until 20 mars 2030

Active

Charles De Decker

Director · since 20 mars 2024 · until 20 mars 2030

Active

Etienne Laurent

Chairman of the board of directors · since 20 mars 2024 · until 20 mars 2030

Active

Gaël Deloge

Managing director · since 20 mars 2024 · until 30 avril 2025

Active

INFRABEL

Director · since 20 mars 2024 · until 20 mars 2030 · 0869.763.267

Active

Karline Libert

Director · since 20 mars 2024 · until 26 mai 2025

Active

Koen DE MEY

Director · since 20 mars 2024 · until 20 mars 2030

Active

Stéphane Charue

Director · since 20 mars 2024 · until 20 mars 2030

Active

Thierry Van Dyck

Chairman of the board of directors · since 20 mars 2024 · until 30 avril 2025

Active

Ended mandates

Etienne Laurent

Director · since 20 mars 2024 · until 20 mars 2030

Ended

Gaël DELOGE

Managing director · since 20 mars 2024 · until 20 mars 2030

Ended

Karline Libert

Director · since 20 mars 2024 · until 20 mars 2030

Ended

Thierry Van Dyck

Chairman of the board of directors · since 20 mars 2024 · until 20 mars 2030

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	27/03/2026	24/03/2025	26/03/2024	27/03/2023	28/03/2022	19/03/2021
General meeting	18/03/2026	19/03/2025	20/03/2024	15/03/2023	16/03/2022	17/03/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/03/2026	27/03/2026	French	PDF
Full model	31/12/2024	19/03/2025	24/03/2025	French	PDF
Full model	31/12/2023	20/03/2024	26/03/2024	French	PDF
Full model	31/12/2022	15/03/2023	27/03/2023	French	PDF
Full model	31/12/2021	16/03/2022	28/03/2022	French	PDF
Full model	31/12/2020	17/03/2021	19/03/2021	French	PDF
Full model	31/12/2019	18/03/2020	25/03/2020	French	PDF
Full model	31/12/2018	20/03/2019	08/04/2019	French	PDF
Full model	31/12/2017	15/03/2018	12/04/2018	French	PDF
Full model	31/12/2016	15/03/2017	04/04/2017	French	PDF
Full model	31/12/2015	16/03/2016	02/05/2016	French	PDF
Full model	31/12/2014	18/03/2015	14/04/2015	French	PDF
Full model	31/12/2013	19/03/2014	05/06/2014	French	PDF
Full model	31/12/2012	27/05/2013	28/05/2013	French	PDF
Full model	31/12/2011	21/03/2012	08/05/2012	French	PDF
Full model	31/12/2010	14/06/2011	01/07/2011	French	PDF
Full model	31/12/2009	18/06/2010	29/06/2010	French	PDF
Full model	31/12/2008	20/06/2009	08/07/2009	French	PDF
Full model	31/12/2007	19/03/2008	14/04/2008	French	PDF
Full model	31/12/2006	21/03/2007	30/03/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 11 active · 63 ended

Active mandates

Luc Vanophalvens

Director · since 30 avril 2025 · until 20 mars 2030

Active

Rosalie Przegralek

Managing director · since 30 avril 2025 · until 20 mars 2030

Active

Arnaud Decoux

Director · since 20 mars 2024 · until 20 mars 2030

Active

Charles De Decker

Director · since 20 mars 2024 · until 20 mars 2030

Active

Etienne Laurent

Chairman of the board of directors · since 20 mars 2024 · until 20 mars 2030

Active

Gaël Deloge

Managing director · since 20 mars 2024 · until 30 avril 2025

Active

INFRABEL

Director · since 20 mars 2024 · until 20 mars 2030 · 0869.763.267

Active

Karline Libert

Director · since 20 mars 2024 · until 26 mai 2025

Active

Koen DE MEY

Director · since 20 mars 2024 · until 20 mars 2030

Active

Stéphane Charue

Director · since 20 mars 2024 · until 20 mars 2030

Active

Thierry Van Dyck

Chairman of the board of directors · since 20 mars 2024 · until 30 avril 2025

Active

Ended mandates

Etienne Laurent

Director · since 20 mars 2024 · until 20 mars 2030

Ended

Gaël DELOGE

Managing director · since 20 mars 2024 · until 20 mars 2030

Ended

Karline Libert

Director · since 20 mars 2024 · until 20 mars 2030

Ended

Thierry Van Dyck

Chairman of the board of directors · since 20 mars 2024 · until 20 mars 2030

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Other14/09/2026
Changement de représentant permanent de l'Infrabel S.A.D.P.
PDF
Mandates17/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates18/06/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates21/04/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates10/03/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates07/02/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates16/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates12/04/2021
ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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

2025
Annual accounts 2025111,7 k €↓
2024
Annual accounts 2024149 k €↓
2023
Annual accounts 2023192,1 k €↑
2022
Annual accounts 202268,6 k €↑
2021
Annual accounts 202155,5 k €↓
2019
Annual accounts 2019150,6 k €↓
2015
Annual accounts 2015511,1 k €↑
2014
Annual accounts 2014425,7 k €↓
2013
Annual accounts 2013463,6 k €↑
2012
Annual accounts 2012363,8 k €↑
2011
Annual accounts 2011353,4 k €↓
2010
Annual accounts 2010402,9 k €↓
2009
Annual accounts 2009515,8 k €↑
2008
Annual accounts 2008477,9 k €↓
2007
Annual accounts 2007481,7 k €
11/05/1930
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

RAIL FACILITIES

Overview

What does RAIL FACILITIES do?

Trend over 15 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline