ACTIVE

Community of European Railway and Infrastructure Companies

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Financial year 2025 · Closed on 31/12/2025

Net result252,7 k €+313,7 %over 1 year

Gross margin2 M €+11,8 %over 1 year

Equity1,8 M €+16,5 %over 1 year

Workforce16,1 ETP+7,3 %over 1 year

Identity

Source · BCE/KBO

Community of European Railway and Infrastructure Companies is a International non-profit organization incorporated in 1996. Its main activity is: Management consultancy activities. Its registered office is in Bruxelles. It employs on average 16,1 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0459.235.909
Incorporation: 11/07/1996
Legal form: International non-profit organization
Registered office: Avenue des Arts 53
1000 Bruxelles · BruxellesSee on map
Latest accounts: 31/12/2025
Average workforce: 16,1 ETP

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities 91110Libraries, archives, museums and other cultural activities 94110Activities of business and employers membership organisations 94110Activities of business and employers membership organisations

Joint committees (2)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 12 filings

Trend over 12 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	2 M €	+11.8%	1,8 M €	+0.8%	1,8 M €	-0.1%	1,8 M €	-10.4%	2 M €
EBITDA	291,1 k €	+365%	62,6 k €	+359%	-24,2 k €	-113%	183,3 k €	-62.3%	486 k €
Operating result	248 k €	+309%	-118,9 k €	+25.7%	-160,1 k €	-307%	77,4 k €	-74.8%	306,4 k €
Net result	252,7 k €	+314%	-118,2 k €	+27.5%	-163 k €	-336%	69,1 k €	-77.0%	300,3 k €
Balance sheet
Equity	1,8 M €	+16.5%	1,5 M €	-7.2%	1,6 M €	-9.0%	1,8 M €	+4.0%	1,7 M €
Total assets	2,8 M €	+7.6%	2,6 M €	+2.8%	2,5 M €	-12.5%	2,9 M €	+11.3%	2,6 M €
Cash	2,4 M €	+16.0%	2 M €	-3.1%	2,1 M €	-8.9%	2,3 M €	+17.4%	2 M €
Debts	1 M €	-0.1%	1 M €	+30.1%	788,5 k €	-16.0%	938,4 k €	+41.4%	663,8 k €
Other
Workforce	16,1 ETP	+7.3%	15,0 ETP	-2.0%	15,3 ETP	+4.1%	14,7 ETP	+10.5%	13,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

15 active · 38 ended

Active mandates

Director	Mandates in this company	Period
Alan Marcin BEROUD	Chairman of the board of directors01/01/2026 → 31/12/2027Director23/09/2024 → 31/12/2025ended
Alvaro FERNANDEZ HEREDIA	Director18/02/2025 → 31/12/2027
Andreas MATTHÄ	Vice-chairman of the board of directors01/01/2018 → 31/12/2027Chairman of the board of directors19/02/2020 → 31/12/2025endedDirectorsince 08/02/2017ended
Artis GRINBERGS	Director23/09/2024 → 31/12/2027
Eveline PALLA	Director01/01/2026 → 31/12/2027
Jean CASTEX	Director01/01/2026 → 31/12/2027
Michael KRAPINEC	Director01/01/2024 → 31/12/2027
Miroslav GARAJ	Director01/01/2026 → 31/12/2027
Oliver WOLFF	Director01/01/2022 → 31/12/2027Vice-chairman of the board of directors01/01/2018 → 31/12/2021ended
Sophie DUTORDOIR	Vice-chairman of the board of directors01/01/2026 → 31/12/2027Director01/01/2020 → 31/12/2025ended
Stefano Antonio DONNARUMMA	Director23/09/2024 → 31/12/2027
Tomas TOTH	Vice-chairman of the board of directors01/01/2026 → 31/12/2027
Vincent DUCROT	Vice-chairman of the board of directors01/01/2026 → 31/12/2027Director21/09/2020 → 31/12/2025ended
WOUTER KOOLMEES	Director01/02/2023 → 31/12/2027
Zsolt HEGYI	Director23/09/2024 → 31/12/2027

Ended mandates

Director	Mandates in this company	Period
Egidijus LAZAUSKAS	Director23/09/2024 → 31/12/2025
RAUL BLANCO DIAZ	Director18/09/2023 → 31/12/2025
RINALDS PLAVNIEKS	Director18/09/2023 → 23/09/2024

Other companies at this address

Avenue des Arts 53 1000 Bruxelles

Company	CBE no.
Association Européenne des Organisateurs de Recherche sous Contrat● Liquidation	0453.905.065
Belgium Turnaround Association● Active	0766.856.264
Club Air France● Active	0409.629.119
CREDIT INNOVATION● Liquidation	0473.258.446
EIGHT ADVISORY BELGIUM● Active	0694.826.737
Eight Advisory Tax Belgium● Active	0775.615.265
EUROPABIO● Active	0477.520.310
EUROPEAN INLAND WATERWAY TRANSPORT (IWT) PLATFORM● Active	0683.493.870
GESTE Engineering Belgium● Active	0673.568.493
LAS Solutions● Active	0803.430.412
Les Ailes Brisées de Belgique● Active	0408.088.797
RAIL FORUM EUROPE● Active	0836.783.960
RESEAU EUROPEEN DE FORMATION JUDICAIRE● Active	0863.321.279
TAP TSI Services Governance Association● Active	0673.899.877

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	25/06/2026	01/07/2025	03/07/2024	06/07/2023	18/06/2022	24/06/2021
General meeting	10/06/2026	10/06/2025	07/06/2024	29/05/2023	07/06/2022	15/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 12 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	10/06/2026	25/06/2026	French	PDF
Abridged model	31/12/2024	10/06/2025	01/07/2025	French	PDF
Abridged model	31/12/2023	07/06/2024	03/07/2024	French	PDF
Abridged model	31/12/2022	29/05/2023	06/07/2023	French	PDF
Abridged model	31/12/2021	07/06/2022	18/06/2022	French	PDF
Abridged model	31/12/2020	15/06/2021	24/06/2021	French	PDF
Abridged model	31/12/2019	15/06/2020	02/07/2020	French	PDF
Abridged model	31/12/2018	28/06/2019	20/08/2019	French	PDF
Abridged model	31/12/2017	15/06/2018	28/08/2018	French	PDF
Abridged model	31/12/2016	16/06/2017	05/07/2017	French	PDF
Abridged model	31/12/2015	24/06/2016	11/07/2016	French	PDF
Abridged model	31/12/2014	08/05/2015	16/07/2015	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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.

Board of directors

Source · NBB, accounts to 31/12/2025

15 active · 38 ended

Active mandates

Director	Mandates in this company	Period
Alan Marcin BEROUD	Chairman of the board of directors01/01/2026 → 31/12/2027Director23/09/2024 → 31/12/2025ended
Alvaro FERNANDEZ HEREDIA	Director18/02/2025 → 31/12/2027
Andreas MATTHÄ	Vice-chairman of the board of directors01/01/2018 → 31/12/2027Chairman of the board of directors19/02/2020 → 31/12/2025endedDirectorsince 08/02/2017ended
Artis GRINBERGS	Director23/09/2024 → 31/12/2027
Eveline PALLA	Director01/01/2026 → 31/12/2027
Jean CASTEX	Director01/01/2026 → 31/12/2027
Michael KRAPINEC	Director01/01/2024 → 31/12/2027
Miroslav GARAJ	Director01/01/2026 → 31/12/2027
Oliver WOLFF	Director01/01/2022 → 31/12/2027Vice-chairman of the board of directors01/01/2018 → 31/12/2021ended
Sophie DUTORDOIR	Vice-chairman of the board of directors01/01/2026 → 31/12/2027Director01/01/2020 → 31/12/2025ended
Stefano Antonio DONNARUMMA	Director23/09/2024 → 31/12/2027
Tomas TOTH	Vice-chairman of the board of directors01/01/2026 → 31/12/2027
Vincent DUCROT	Vice-chairman of the board of directors01/01/2026 → 31/12/2027Director21/09/2020 → 31/12/2025ended
WOUTER KOOLMEES	Director01/02/2023 → 31/12/2027
Zsolt HEGYI	Director23/09/2024 → 31/12/2027

Ended mandates

Director	Mandates in this company	Period
Egidijus LAZAUSKAS	Director23/09/2024 → 31/12/2025
RAUL BLANCO DIAZ	Director18/09/2023 → 31/12/2025
RINALDS PLAVNIEKS	Director18/09/2023 → 23/09/2024

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates07/07/2026
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates02/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates17/11/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2023
DIVERS - DEMISSIONS, NOMINATIONS
PDF
Mandates17/10/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates10/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates23/11/2020
DEMISSIONS, NOMINATIONS
PDF
Mandates20/12/2019
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings12 filings

Mandates

Vincent DUCROT

Miroslav GARAJ

Eveline PALLA

Zsolt HEGYI

Artis GRINBERGS

Jean CASTEX

Alan Marcin BEROUD

Sophie DUTORDOIR

Alvaro FERNANDEZ HEREDIA

Stefano Antonio DONNARUMMA

Michael KRAPINEC

Oliver WOLFF

and 39 more mandates

19961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

Community of European Railway and Infrastructure CompaniesCommunauté Européenne du Rail

Avenue des Arts 53, 1000 Brussels

Vice-chairman of the board of directorsDirector

Director

Chairman of the board of directorsDirector

Vice-chairman of the board of directorsDirector

Director

DirectorVice-chairman of the board of directors

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Avenue des Arts 53, 1000 BrusselsCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00228423

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Community of European Railway and Infrastructure CompaniesCurrent	accounts 2016 → 2025	Accounts 2025 · 2026-00228423
Communauté Européenne du Rail	accounts 2014 → 2015	Accounts 2015 · 2016-30100024

Events

2025
Annual accounts 2025252,7 k €↑
2024
Annual accounts 2024-118,2 k €↑
2023
Annual accounts 2023-163 k €↓
2022
Annual accounts 202269,1 k €↓
2021
Annual accounts 2021300,3 k €↑
2020
Annual accounts 2020129,5 k €↑
2019
Annual accounts 2019-219,9 k €↑
2018
Annual accounts 2018-248,4 k €↓
2017
Annual accounts 2017-117,1 k €↓
2016
Annual accounts 2016-75,1 k €↓
2016
Name changeCommunity of European Railway and Infrastructure Companies
2015
Annual accounts 2015232,6 k €↑
2014
Annual accounts 2014152,8 k €
11/07/1996
IncorporationInternational non-profit organization

Community of European Railway and Infrastructure Companies

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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