NORMAL SITUATION

VTG Rail Logistics Belgium

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Company — Normal situation.

Financial year 2026 · Closed on 25/03/2026

Net result-21,1 €-100,0 %over 1 year

Gross margin728,9 €-99,2 %over 1 year

Equity2,2 M €-0,0 %over 1 year

Workforce0,0 ETP

Identity

Source · BCE/KBO

VTG Rail Logistics Belgium is a company registered in Belgium.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0413.735.088
Legal form: Public limited company
Contributed capital: 62 000,00 €
Latest accounts: 25/03/2026
Average workforce: 0,0 ETP

Joint committees (2)

226
2260

Signals

Solid equityPositive EBITDAHealthy social debts

Financials

Source · NBB, 54 filings

Trend over 21 financial years

	2026		2025		2024		2023		2022
Income statement
Gross margin	728,9 €	-99.2%	92,1 k €	-95.3%	2 M €	+114%	922,6 k €	-24.8%	1,2 M €
EBITDA	728,9 €	-97.7%	31,6 k €	-98.2%	1,8 M €	+264%	492,6 k €	-33.3%	738,1 k €
Operating result	728,9 €	-97.7%	31,6 k €	-98.2%	1,8 M €	+265%	490,6 k €	-33.3%	735,4 k €
Net result	-21,1 €	-100%	60,4 k €	-95.3%	1,3 M €	+235%	380,6 k €	-28.8%	534,4 k €
Balance sheet
Equity	2,2 M €	-0.0%	2,2 M €	+2.8%	2,2 M €	+20.8%	1,8 M €	+26.6%	1,4 M €
Total assets	2,2 M €	-0.0%	2,2 M €	-16.6%	2,7 M €	-38.3%	4,4 M €	+24.0%	3,5 M €
Cash	2,6 k €	-0.8%	2,6 k €	-98.7%	203,5 k €	-21.8%	260,2 k €	-24.4%	344 k €
Debts	–		0 €	-100%	508,9 k €	-80.0%	2,5 M €	+21.6%	2,1 M €
Other
Workforce	0,0 ETP		0,0 ETP	-100%	2,3 ETP	-41.0%	3,9 ETP	-9.3%	4,3 ETP

Board of directors

Source · NBB, accounts to 25/03/2026

1 active · 15 ended

Active mandates

Director	Mandates in this company	Period
Chris Bogaerts	Director31/03/2023 → 13/03/2028

Ended mandates

Director	Mandates in this company	Period
Andrea Weichert	Director01/03/2023 → 13/03/2028
Michael Meyer	Director01/06/2022 → 09/03/2026
Günther Ferk	Director24/02/2020 → 01/03/2023

Full financial information

Source · NBB

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2026	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021
Closing of the financial year	25/03/2026	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021
Length of the financial year	3 months	12 months	12 months	12 months	12 months	12 months
Filing date	07/04/2026	06/03/2026	31/10/2025	27/09/2024	31/10/2023	30/10/2022
General meeting	25/03/2026	18/02/2026	19/09/2025	24/09/2024	31/10/2023	30/09/2022
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 54 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	25/03/2026	25/03/2026	07/04/2026	Dutch	PDF
Abridged model	31/12/2025	18/02/2026	06/03/2026	Dutch	PDF
Abridged model	31/12/2024	19/09/2025	31/10/2025	Dutch	PDF
Abridged model	31/12/2023	24/09/2024	27/09/2024	Dutch	PDF
Abridged model	31/12/2022	31/10/2023	31/10/2023	Dutch	PDF
Abridged model	31/12/2021	30/09/2022	30/10/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	04/08/2022	Dutch	PDF
Full model	31/12/2019	08/09/2020	08/10/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	19/09/2019	Dutch	PDF
Full model	31/12/2017	12/03/2018	03/05/2018	Dutch	PDF
Full model	31/12/2016	13/03/2017	07/04/2017	Dutch	PDF
Full model	31/12/2015	14/03/2016	30/03/2016	Dutch	PDF
Full model	31/12/2014	23/04/2015	21/05/2015	Dutch	PDF
Full model	31/12/2013	14/03/2014	10/04/2014	Dutch	PDF
Full model	31/12/2012	02/04/2013	26/04/2013	Dutch	PDF
Full model	31/12/2011	12/03/2012	03/04/2012	Dutch	PDF
Full model	31/12/2010	14/03/2011	22/03/2011	Dutch	PDF
Full model	31/12/2009	08/03/2010	07/05/2010	Dutch	PDF
Full modelCorrection	31/12/2008	09/03/2009	30/06/2009	Dutch	PDF
Full model	31/12/2008	09/03/2009	15/05/2009	Dutch	PDF
Full model	31/12/2007	10/03/2008	12/06/2008	Dutch	PDF
Full model	31/12/2006	12/03/2007	11/05/2007	Dutch	PDF
Full model	31/12/2005	13/03/2006	11/04/2006	Dutch	PDF
Full model	31/12/2004	14/03/2005	11/04/2005	French	PDF
Full model	31/12/2003	08/03/2004	07/04/2004	French	PDF
Full model	31/12/2002	10/03/2003	11/04/2003	French	PDF
Full modelCorrection	31/12/2001	11/03/2002	27/05/2002	French	PDF
Full model	31/12/2001	11/03/2002	11/04/2002	French	PDF
Full model	31/12/2000	12/03/2001	11/04/2001	French	PDF
Full model	31/12/1999	13/03/2000	13/04/2000	French	PDF
Full modelCorrection	31/12/1998	08/03/1999	07/05/1999	French	PDF
Full model	31/12/1998	08/03/1999	25/03/1999	French	PDF
Full model	31/12/1997	09/03/1998	09/04/1998	French	—
Full model	31/12/1996	03/03/1997	02/04/1997	French	—
Full model	30/06/1996	25/07/1996	16/09/1996	French	—
Full model	30/06/1995	11/09/1995	28/09/1995	French	—
Full model	30/06/1994	12/09/1994	19/09/1994	French	—
Full model	30/06/1993	13/09/1993	13/10/1993	French	—
m930-p	30/06/1992	14/09/1992	15/10/1992	French	—
m930-p	30/06/1991	09/09/1991	25/11/1991	French	—
m930-p	30/06/1990	10/09/1990	28/11/1990	French	—
m930-p	30/06/1989	11/09/1989	07/11/1989	French	—
m930-p	30/09/1988	09/12/1988	27/12/1988	French	—
m930-p	30/09/1987	11/12/1987	31/12/1987	French	—
m930-p	30/09/1986	12/12/1986	30/12/1986	French	—
m930-p	30/09/1985	13/12/1985	10/01/1986	French	—
m903-p	30/09/1984	14/12/1984	28/01/1985	French	—
m903-p	30/09/1983	01/01/9999	19/01/1984	English	—
m903-p	30/09/1982	10/12/1982	01/02/1983	French	—
m903-p	30/09/1981	11/12/1981	01/02/1982	French	—
m903-p	30/09/1980	01/01/9999	26/01/1981	French	—
m903-p	30/09/1979	01/01/9999	22/01/1980	English	—
m903-p	31/12/1978	01/01/9999	20/06/1979	French	—
m903-p	31/12/1977	01/01/9999	28/06/1978	English	—

Indicative valuation

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 25/03/2026

1 active · 15 ended

Active mandates

Director	Mandates in this company	Period
Chris Bogaerts	Director31/03/2023 → 13/03/2028

Ended mandates

Director	Mandates in this company	Period
Andrea Weichert	Director01/03/2023 → 13/03/2028
Michael Meyer	Director01/06/2022 → 09/03/2026
Günther Ferk	Director24/02/2020 → 01/03/2023

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Dissolution05/05/2026
ONTBINDING — GOEDKEURING JAARREKENING - VEREFFENING —
PDF
Mandates10/03/2026
Benoeming
PDF
Mandates26/01/2026
Benoeming
PDF
Mandates09/05/2025
Ontslag bestuurder !
PDF
Mandates24/07/2024
Verplaatsing zetel - herbenoeming commissaris
PDF
Mandates07/05/2024
Ontslag bestuurder
PDF
Mandates22/05/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/12/2022
ONTSLAGEN - BENOEMINGEN
PDF

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A company's peers, by sector and size, are included in the Business plan.

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Name

Registered office

Annual accounts

Filings21 filings

Mandates

Chris Bogaerts

Andrea Weichert

Michael Meyer

Jean-Philippe Demont

Günther Ferk

Jean-Philippe Delmont

Johann Ferk Günther

Marc Raes

Frank Bensaid

Lionel Guerin

Bernd Schindler

Philippe Boucheteil

and 4 more mandates

20062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

VTG Rail Logistics Belgium in vereffeningVTG Rail Logistics Belgium

Uitbreidingstraat 66, 2600 Berchem (Antwerp)Kapiteinstraat 122, 9000 Gent

Director

DirectorManaging director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Uitbreidingstraat 66, 2600 Berchem (Antwerp)	accounts 2023 → 2026	Accounts 2026 · 2026-00073906
Kapiteinstraat 122, 9000 Gent	accounts 2020 → 2022	Accounts 2022 · 2023-00505589

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
VTG Rail Logistics Belgium in vereffening	accounts 2025 → 2026	Accounts 2026 · 2026-00073906
VTG Rail Logistics Belgium	accounts 2020 → 2024	Accounts 2024 · 2025-00561006

Events

2026
Annual accounts 2026-21,1 €↓
2025
Annual accounts 202560,4 k €↓
2025
Name changeVTG Rail Logistics Belgium in vereffening
2024
Annual accounts 20241,3 M €↑
2023
Annual accounts 2023380,6 k €↓
2022
Annual accounts 2022534,4 k €↓
2021
Annual accounts 2021819,2 k €↑
2020
Annual accounts 2020567,4 k €↑
2019
Annual accounts 2019514,4 k €↓
2018
Annual accounts 2018569,4 k €↑
2017
Annual accounts 2017513,1 k €↑
2016
Annual accounts 201639,5 k €↓
2015
Annual accounts 201583,3 k €↓
2014
Annual accounts 2014157,4 k €↑
2013
Annual accounts 2013-117,5 k €↑
2012
Annual accounts 2012-142,5 k €↓
2011
Annual accounts 20111,5 M €↑
2010
Annual accounts 201010,7 k €↓
2009
Annual accounts 2009182,9 k €↓
2008
Annual accounts 2008262 k €↑
2007
Annual accounts 2007107,9 k €↑
2006
Annual accounts 20069,4 k €

VTG Rail Logistics Belgium

Overview

Identity

Financials

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

Timeline

Registered offices

Company names

Events