ACTIVE

ARDENNE RAILS

Financial year 2025 · Closed on 31/12/2025

Net result1,1 M €+24,2 %over 1 year
Gross margin3,1 M €+7,8 %over 1 year
Equity3,4 M €+48,1 %over 1 year
Workforce12,0 ETP-4,8 %over 1 year

Identity

Source · BCE/KBO

ARDENNE RAILS is a Public limited company incorporated in 1997. Its registered office is in Dison. It employs on average 12,0 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0460.122.765
Incorporation
12/03/1997
Legal form
Public limited company
Registered office
Chemin de Xhénorie 11
4821 Dison · WallonieSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2025
Average workforce
12,0 ETP
Joint committees (3)
  • 124
  • 200
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

20252024202320222021
Income statement
Gross margin3,1 M €2,9 M €2,9 M €2,7 M €2,7 M €
EBITDA2,1 M €1,8 M €1,9 M €1,8 M €2,1 M €
Operating result1,5 M €1,2 M €1 M €920,5 k €1,2 M €
Net result1,1 M €885,9 k €745,5 k €660,2 k €907,7 k €
Balance sheet
Equity3,4 M €2,3 M €2,4 M €1,7 M €1,6 M €
Total assets7,9 M €6,7 M €5,8 M €7,4 M €8,1 M €
Cash709,6 k €328,2 k €568,6 k €509,5 k €665,5 k €
Debts4,5 M €4,4 M €3,1 M €5,5 M €6,2 M €
Other
Workforce12,0 ETP12,6 ETP11,9 ETP11,0 ETP9,8 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 31/12/2025

3 active · 13 ended

Active mandates

Eddy JOENEN

Managing director · since 13 octobre 2021 · until 31 mai 2027

Active
GEHLEN MANAGEMENT

Managing director · since 13 octobre 2021 · until 31 mai 2027 · 0899.433.290

Represented by Roger GEHLEN

Active
Roger GEHLEN

Représentant permanent personne morale · since 13 octobre 2021 · until 31 mai 2027

Active

Ended mandates

Eddy JOENEN

Director · since 21 mars 2018 · until 31 mai 2024

Ended
GEHLEN MANAGEMENT

Mandate · since 21 mars 2018 · until 31 mai 2024 · 0899.433.290

Represented by Roger GEHLEN

Ended
GEHLEN MANAGEMENT

Mandate · since 21 mars 2018 · until 31 mai 2024 · 0899.433.290

Represented by Roger GEHLEN

Ended
Roger GEHLEN

Director · since 21 mars 2018 · until 31 mai 2024

Ended

Other companies at this address

Chemin de Xhénorie 11 4821 Dison
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CORELIA INVEST● Active
0862.140.255
DECORECY● Active
0891.059.915
PIPE CONSULT● Active
0693.737.268
1041.509.982
1010.907.076

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date30/06/202609/07/202524/06/202414/06/202330/06/202223/06/2021
General meeting30/05/202630/06/202531/05/202431/05/202331/05/202231/05/2021
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, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202530/05/202630/06/2026FrenchPDF
Abridged model31/12/202430/06/202509/07/2025FrenchPDF
Abridged model31/12/202331/05/202424/06/2024FrenchPDF
Abridged model31/12/202231/05/202314/06/2023FrenchPDF
Abridged model31/12/202131/05/202230/06/2022FrenchPDF
Abridged model31/12/202031/05/202123/06/2021FrenchPDF
Abridged model31/12/201929/05/202002/06/2020FrenchPDF
Abridged model31/12/201829/06/201901/07/2019FrenchPDF
Abridged model31/12/201731/05/201829/06/2018FrenchPDF
Abridged model31/12/201630/06/201730/06/2017FrenchPDF
Abridged model31/12/201531/05/201608/06/2016FrenchPDF
Abridged model31/12/201429/05/201522/06/2015FrenchPDF
Abridged model31/12/201330/05/201412/06/2014FrenchPDF
Abridged model31/12/201231/05/201312/06/2013FrenchPDF
Abridged model31/12/201121/02/201221/02/2012FrenchPDF
Abridged model31/12/201031/05/201120/06/2011FrenchPDF
Abridged model31/12/200931/05/201004/06/2010FrenchPDF
Abridged model31/12/200830/05/200930/06/2009FrenchPDF
Abridged model31/12/200730/05/200804/06/2008FrenchPDF
Abridged model31/12/200631/05/200728/06/2007FrenchPDF

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 31/12/2025

3 active · 13 ended

Active mandates

Eddy JOENEN

Managing director · since 13 octobre 2021 · until 31 mai 2027

Active
GEHLEN MANAGEMENT

Managing director · since 13 octobre 2021 · until 31 mai 2027 · 0899.433.290

Represented by Roger GEHLEN

Active
Roger GEHLEN

Représentant permanent personne morale · since 13 octobre 2021 · until 31 mai 2027

Active

Ended mandates

Eddy JOENEN

Director · since 21 mars 2018 · until 31 mai 2024

Ended
GEHLEN MANAGEMENT

Mandate · since 21 mars 2018 · until 31 mai 2024 · 0899.433.290

Represented by Roger GEHLEN

Ended
GEHLEN MANAGEMENT

Mandate · since 21 mars 2018 · until 31 mai 2024 · 0899.433.290

Represented by Roger GEHLEN

Ended
Roger GEHLEN

Director · since 21 mars 2018 · until 31 mai 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates21/10/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/05/2018
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring01/07/2016
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring27/04/2016
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Registered office27/02/2015
    SIEGE SOCIAL
    PDF
  • Mandates23/07/2013
    DENOMINATION - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates07/11/2012
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates16/03/2012
    DEMISSIONS, NOMINATIONS
    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 20251,1 M €↑
  2. 2024
    Annual accounts 2024885,9 k €↑
  3. 2023
    Annual accounts 2023745,5 k €↑
  4. 2022
    Annual accounts 2022660,2 k €↓
  5. 2021
    Annual accounts 2021907,7 k €↑
  6. 2020
    Annual accounts 2020220,6 k €↓
  7. 2019
    Annual accounts 2019304,7 k €↑
  8. 2018
    Annual accounts 2018253,3 k €↑
  9. 2017
    Annual accounts 2017193 k €↑
  10. 2016
    Annual accounts 2016190,5 k €↑
  11. 2015
    Annual accounts 201572,2 k €↑
  12. 2014
    Annual accounts 20142,7 k €↓
  13. 2013
    Annual accounts 201312,5 k €↓
  14. 2013
    Name changeARDENNE RAILS
  15. 2012
    Annual accounts 201217,2 k €↑
  16. 2011
    Annual accounts 20119,5 k €↓
  17. 2010
    Annual accounts 201012,4 k €↑
  18. 2009
    Annual accounts 200911 k €↓
  19. 2008
    Annual accounts 200812,9 k €↓
  20. 2007
    Annual accounts 200723,5 k €↓
  21. 2006
    Annual accounts 200629,9 k €
  22. 2006
    Name changeSA JEAN WEIGERT - ARDENNE RAILS, société anonyme
  23. 12/03/1997
    IncorporationPublic limited company