ACTIVE

CONNECTIONS -EUROTRAIN

Export PDF

Financial year 2025 · Closed on 31/10/2025

Net result206,9 k €-83,4 %over 1 year
Revenue101,6 M €-3,7 %over 1 year
Equity6,3 M €+35,0 %over 1 year
Workforce123,9 ETP-6,8 %over 1 year

Identity

Source · BCE/KBO

CONNECTIONS -EUROTRAIN is a Public limited company incorporated in 1986. Its registered office is in Vilvoorde. It employs on average 123,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0428.666.853
Incorporation
11/03/1986
Legal form
Public limited company
Registered office
Luchthavenlaan 10
1800 Vilvoorde · FlandreSee on map
Contributed capital
500 000,00 €
Latest accounts
31/10/2025
Average workforce
123,9 ETP
Joint committees (3)
  • 100
  • 200
  • 218
Signals
ProfitablePositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 21 filings

Trend over 17 financial years

20252024202320222021
Income statement
Revenue101,6 M €105,5 M €99,9 M €87,1 M €18,1 M €
EBITDA866,4 k €1,9 M €2,5 M €2,3 M €788,5 k €
Operating result-110 k €909,6 k €1,3 M €1,4 M €-25,3 k €
Net result206,9 k €1,2 M €1,2 M €1,2 M €-191,3 k €
Balance sheet
Equity6,3 M €4,7 M €3,4 M €2,2 M €949,9 k €
Total assets27,3 M €34,4 M €33,8 M €27,6 M €29 M €
Cash2,7 M €4,6 M €3,5 M €8 M €7,6 M €
Debts20,9 M €29,7 M €30,3 M €25 M €26,4 M €
Other
Workforce123,9 ETP133,0 ETP125,1 ETP124,3 ETP131,9 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/10/2025

2 active · 16 ended

Active mandates

Ronny Bayens

Managing director · since 31 mars 2024 · until 31 mars 2030

Active
Thi-Ngog-Lan Huynh

Director · since 22 juillet 2022 · until 21 juillet 2028

Active

Ended mandates

Jan De Maeyer

Director · since 31 mars 2018 · until 31 mars 2024

Ended
JBizz.be

Director · since 31 mars 2018 · until 22 juillet 2022 · 0811.915.932

Represented by Johan Bayens

Ended
JBizz.be

Director · since 31 mars 2018 · until 31 mars 2024 · 0811.915.932

Represented by Johan Bayens

Ended
Johan Bayens

Director · since 31 mars 2018 · until 31 mars 2024

Ended

Other companies at this address

Luchthavenlaan 10 1800 Vilvoorde
CompanyCBE no.
AP in BE● Active
1005.642.352
AVITOUR● Active
0455.487.155
Captain Cruise● Active
0788.761.240
CHERIMOYA.BE● Active
0566.988.061
C & O TRAVEL● Active
0501.508.410
DOLPHINS & COMPANY● Active
0477.388.765
European Association for Palliative Care● Active
0660.570.295
Federatie Palliatieve Zorg Vlaanderen● Active
0442.990.288
PYRAMIDS & COMPANY● Active
0871.528.073
Skyways● Active
0711.666.531
TRAVelMedia BeLux● Active
0774.704.851

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/11/202401/11/202301/11/202201/11/202101/11/202001/11/2019
Closing of the financial year31/10/202531/10/202431/10/202331/10/202231/10/202131/10/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date04/05/202631/03/202529/03/202431/03/202331/03/202230/04/2021
General meeting29/04/202628/03/202529/03/202431/03/202331/03/202230/04/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

Looking for more information about this company?

Try for 7 days

Annual accounts filings

Source · NBB, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full modelCorrection31/10/202529/04/202604/05/2026DutchPDF
Full model31/10/202529/04/202630/04/2026DutchPDF
Full model31/10/202428/03/202531/03/2025DutchPDF
Full model31/10/202329/03/202429/03/2024DutchPDF
Full model31/10/202231/03/202331/03/2023DutchPDF
Full model31/10/202131/03/202231/03/2022DutchPDF
Full model31/10/202030/04/202130/04/2021DutchPDF
Full model31/10/201925/05/202028/05/2020DutchPDF
Full model31/10/201801/04/201930/04/2019DutchPDF
Full model31/10/201720/04/201830/04/2018DutchPDF
Full model31/10/201631/03/201728/04/2017DutchPDF
Full model31/10/201531/03/201618/04/2016DutchPDF
Full model31/10/201431/03/201530/04/2015DutchPDF
Full model31/10/201331/03/201430/04/2014DutchPDF
Full model31/10/201202/04/201312/07/2013DutchPDF
Full model31/10/201131/03/201204/07/2012DutchPDF
Full model31/10/201031/03/201104/05/2011DutchPDF
Full model31/10/200921/04/201030/08/2010DutchPDF
Full model31/10/200821/04/200911/06/2009DutchPDF
Full model31/10/200731/03/200807/05/2008DutchPDF
Full model31/10/200631/03/200727/04/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/10/2025

2 active · 16 ended

Active mandates

Ronny Bayens

Managing director · since 31 mars 2024 · until 31 mars 2030

Active
Thi-Ngog-Lan Huynh

Director · since 22 juillet 2022 · until 21 juillet 2028

Active

Ended mandates

Jan De Maeyer

Director · since 31 mars 2018 · until 31 mars 2024

Ended
JBizz.be

Director · since 31 mars 2018 · until 22 juillet 2022 · 0811.915.932

Represented by Johan Bayens

Ended
JBizz.be

Director · since 31 mars 2018 · until 31 mars 2024 · 0811.915.932

Represented by Johan Bayens

Ended
Johan Bayens

Director · since 31 mars 2018 · until 31 mars 2024

Ended

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates25/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates22/04/2024
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates22/04/2024
    ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates31/05/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/11/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/04/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/01/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/07/2018
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025206,9 k €↓
  2. 2024
    Annual accounts 20241,2 M €↑
  3. 2023
    Annual accounts 20231,2 M €↑
  4. 2022
    Annual accounts 20221,2 M €↑
  5. 2021
    Annual accounts 2021-191,3 k €↑
  6. 2020
    Annual accounts 2020-4,5 M €↓
  7. 2019
    Annual accounts 2019639,3 k €↑
  8. 2017
    Annual accounts 2017492,9 k €↑
  9. 2015
    Annual accounts 201561 k €↓
  10. 2014
    Annual accounts 2014165,3 k €↓
  11. 2013
    Annual accounts 2013243,8 k €↓
  12. 2012
    Annual accounts 2012533,8 k €↓
  13. 2011
    Annual accounts 20111 M €↑
  14. 2010
    Annual accounts 20101 M €↓
  15. 2009
    Annual accounts 20091,2 M €↓
  16. 2008
    Annual accounts 20081,6 M €↓
  17. 2007
    Annual accounts 20071,7 M €
  18. 11/03/1986
    IncorporationPublic limited company