ACTIVE

GEIE DES UTILISATEURS D'ERTMS

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Financial year 2021 · Closed on 31/12/2021

Revenue4,1 M €+38,7 %over 1 year
Workforce2,0 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

GEIE DES UTILISATEURS D'ERTMS is a European economic assoc with registered seat in Belgium incorporated in 1995. Its main activity is: Research and experimental development on social sciences and humanities. Its registered office is in Etterbeek. It employs on average 2,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0455.935.830
Incorporation
01/08/1995
Legal form
European economic assoc with registered seat in Belgium
Registered office
Rue Froissart 123-133
1040 Etterbeek · BruxellesSee on map
Latest accounts
31/12/2021
Average workforce
2,0 ETP
Joint committees (3)
  • 0
  • 200
  • 218
Signals
ProfitableGood liquidityPositive EBITDAHigh revenue

Financials

Source · NBB, 21 filings

Trend over 15 financial years

20212020201920182017
Income statement
Revenue4,1 M €2,9 M €1,5 M €337,2 €1,5 M €
EBITDA22,6 k €17,3 k €14,9 k €12,2 k €34,8 k €
Operating result18,3 k €11,5 k €9,8 k €4,9 k €7,7 k €
Balance sheet
Total assets7,9 M €7,2 M €6,8 M €6,5 M €6,8 M €
Cash6,3 M €6,1 M €4,6 M €3,7 M €4,1 M €
Debts7,3 M €7,1 M €6,4 M €6,5 M €6,4 M €
Other
Workforce2,0 ETP2,0 ETP2,0 ETP2,0 ETP2,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2021

14 active · 59 ended

Active mandates

Gabriele Ridolfi

Director · since 24 juin 2021 · until 29 juin 2022

Active
Michel Ruesen

Director · since 24 juin 2021 · until 29 juin 2022

Active
Janus Steen-Moller

Chairman of the board of directors · since 16 février 2021 · until 01 juin 2023

Active
Administrator De Infrastructuras Ferroviarias (MEMBRE)

Mandate

Active
Bane NOR (RESEAU COÖPERATIF)

Mandate

Active
Banedanmark (MEMBRE)

Mandate

Active
Chemins de Fer Fédéraux Suisses (RESEAU COÖPERATIF)

Mandate

Active
Deutsche Bahn AKTIENGESELLSCHAFT (MEMBRE)

Mandate

Active
INFRABEL

Mandate · 0869.763.267

Active
Network Rail (Reseau COÖPERATIF)

Mandate

Active
PRORAIL BV (MEMBRE)

Mandate

Active
Rete Ferroviaria Italiana (MEMBRE)

Mandate

Active
SNCF Réseau (MEMBRE)

Mandate

Active
Trafikverket (MEMBRE)

Mandate

Active

Ended mandates

Gabriele Ridolfi

Director · since 24 juin 2020 · until 24 juin 2021

Ended
Michel Ruesen

Director · since 24 juin 2020 · until 24 juin 2021

Ended
Jo De Bosschere

Chairman of the board of directors · since 18 février 2020 · until 24 juin 2020

Ended
Gabriele Ridolfi

Manager · since 27 juin 2019 · until 24 juin 2020

Ended

Full financial information

Source · NBB
202420232022202120202019
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/08/202525/07/202420/06/202429/07/202220/07/202117/08/2020
General meeting18/06/202526/06/202428/06/202329/06/202224/06/202124/06/2020
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, 21 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202418/06/202501/08/2025FrenchPDF
Full model31/12/202326/06/202425/07/2024FrenchPDF
Full modelCorrection31/12/202228/06/202320/06/2024FrenchPDF
Full model31/12/202228/06/202304/08/2023FrenchPDF
Full model31/12/202129/06/202229/07/2022FrenchPDF
Full model31/12/202024/06/202120/07/2021FrenchPDF
Full model31/12/201924/06/202017/08/2020FrenchPDF
Full model31/12/201826/06/201925/07/2019FrenchPDF
Full model31/12/201727/06/201806/08/2018FrenchPDF
Full model31/12/201620/06/201718/07/2017FrenchPDF
Full model31/12/201529/06/201607/09/2016FrenchPDF
Full model31/12/201423/06/201516/07/2015FrenchPDF
Full model31/12/201324/06/201425/07/2014FrenchPDF
Full model31/12/201218/06/201313/08/2013FrenchPDF
Full model31/12/201112/06/201210/07/2012FrenchPDF
Full model31/12/201015/06/201129/07/2011FrenchPDF
Full model31/12/200925/06/201029/07/2010FrenchPDF
Full model31/12/200817/06/200917/08/2009FrenchPDF
Full modelCorrection31/12/200706/06/200809/06/2009FrenchPDF
Full model31/12/200706/06/200827/08/2008FrenchPDF
Full model31/12/200629/05/200717/09/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 31/12/2021

14 active · 59 ended

Active mandates

Gabriele Ridolfi

Director · since 24 juin 2021 · until 29 juin 2022

Active
Michel Ruesen

Director · since 24 juin 2021 · until 29 juin 2022

Active
Janus Steen-Moller

Chairman of the board of directors · since 16 février 2021 · until 01 juin 2023

Active
Administrator De Infrastructuras Ferroviarias (MEMBRE)

Mandate

Active
Bane NOR (RESEAU COÖPERATIF)

Mandate

Active
Banedanmark (MEMBRE)

Mandate

Active
Chemins de Fer Fédéraux Suisses (RESEAU COÖPERATIF)

Mandate

Active
Deutsche Bahn AKTIENGESELLSCHAFT (MEMBRE)

Mandate

Active
INFRABEL

Mandate · 0869.763.267

Active
Network Rail (Reseau COÖPERATIF)

Mandate

Active
PRORAIL BV (MEMBRE)

Mandate

Active
Rete Ferroviaria Italiana (MEMBRE)

Mandate

Active
SNCF Réseau (MEMBRE)

Mandate

Active
Trafikverket (MEMBRE)

Mandate

Active

Ended mandates

Gabriele Ridolfi

Director · since 24 juin 2020 · until 24 juin 2021

Ended
Michel Ruesen

Director · since 24 juin 2020 · until 24 juin 2021

Ended
Jo De Bosschere

Chairman of the board of directors · since 18 février 2020 · until 24 juin 2020

Ended
Gabriele Ridolfi

Manager · since 27 juin 2019 · until 24 juin 2020

Ended

Ownership and network

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Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates25/08/2026
    Renouvellement du mandat du commissaire aux comptes
    PDF
  • Mandates03/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates03/11/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates31/01/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates24/09/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/08/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates05/05/2023
    DEMISSIONS, NOMINATIONS
    PDF

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

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Timeline

  1. 2021
    Annual accounts 2021
  2. 2020
    Annual accounts 2020
  3. 2019
    Annual accounts 2019
  4. 2018
    Annual accounts 2018
  5. 2017
    Annual accounts 2017
  6. 2016
    Annual accounts 2016
  7. 2015
    Annual accounts 2015
  8. 2014
    Annual accounts 2014
  9. 2013
    Annual accounts 2013
  10. 2012
    Annual accounts 2012
  11. 2011
    Annual accounts 2011
  12. 2010
    Annual accounts 2010
  13. 2009
    Annual accounts 2009
  14. 2008
    Annual accounts 2008
  15. 2007
    Annual accounts 2007
  16. 01/08/1995
    IncorporationEuropean economic assoc with registered seat in Belgium