ACTIVE

RAILLINER

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Financial year 2025 · closed on 31/12/2025

Net result

16,4 k €

+246.8% YoY

Gross margin

18,6 k €

+319.4% YoY

Equity

-2,1 M €

+0.8% YoY

What does RAILLINER do?

RAILLINER is a Public limited company incorporated in 1999. Its registered office is in Aalst.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0465.504.978

Incorporation

18/03/1999

Legal form

Public limited company

Registered office

Ninovesteenweg 190
9320 Aalst · FlandreSee on map

Contributed capital

124 000,00 €

Latest accounts

31/12/2025

Joint committees (1)

Signals

Profitable

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	18,6 k €	+319%	-8,5 k €	-6.1%	-8 k €	-5.4%	-7,6 k €	-44.4%	-5,2 k €	-167%	7,9 k €	-59.8%	19,6 k €	+105%	-396,6 k €		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	-46,8 k €	-415%	-9,1 k €	-5.8%	-8,6 k €	-2.6%	-8,4 k €	-55.8%	-5,4 k €	-209%	4,9 k €	-67.6%	15,2 k €	+103%	-525,9 k €	+17.5%	-637,6 k €	-19.0%	-535,9 k €	-122%	-241,8 k €	-4599%	-5,1 k €	-107%	75,6 k €	+17.7%	64,2 k €	-1.9%	65,5 k €	+54.0%	42,5 k €	+72.7%	24,6 k €	-57.7%	58,2 k €	+3367%	-1,8 k €	+54.6%	-3,9 k €
Operating result	18 k €	+298%	-9,1 k €	-5.8%	-8,6 k €	-2.6%	-8,4 k €	-55.8%	-5,4 k €	-209%	4,9 k €	+127%	-18 k €	+97.5%	-728,8 k €	-14.2%	-638,2 k €	-15.2%	-553,9 k €	-129%	-242 k €	-4604%	-5,1 k €	-107%	75,6 k €	+17.7%	64,2 k €	-1.9%	65,5 k €	+54.0%	42,5 k €	+72.7%	24,6 k €	-57.7%	58,2 k €	+3367%	-1,8 k €	+54.6%	-3,9 k €
Net result	16,4 k €	+247%	-11,2 k €	-11.4%	-10 k €	-12.1%	-9 k €	-36.9%	-6,5 k €	-244%	4,5 k €	+123%	-19,4 k €	+97.3%	-731,9 k €	-14.2%	-640,9 k €	-13.8%	-563,1 k €	-139%	-235,8 k €	-2500%	9,8 k €	-73.4%	36,9 k €	+23.0%	30 k €	-5.0%	31,5 k €	-5.6%	33,4 k €	+19.4%	28 k €	-48.8%	54,7 k €	+621%	7,6 k €	+290%	-4 k €
Balance sheet
Equity	-2,1 M €	+0.8%	-2,1 M €	-0.5%	-2,1 M €	-0.5%	-2,1 M €	-0.4%	-2,1 M €	-0.3%	-2 M €	+0.2%	-2 M €	-1.0%	-2 M €	-56.4%	-1,3 M €	-97.6%	-656,5 k €	-603%	-93,4 k €	-166%	142,4 k €	-67.8%	442,6 k €	+9.1%	405,7 k €	+8.0%	375,7 k €	-15.4%	444,2 k €	+8.1%	410,8 k €	+7.3%	382,8 k €	+16.7%	328,1 k €	+2.4%	320,6 k €
Total assets	48,2 €	-99.8%	25,6 k €	-1.0%	25,8 k €	+0.7%	25,6 k €	-3.0%	26,4 k €	-7.4%	28,6 k €	-71.2%	99,2 k €	-34.3%	150,9 k €	-85.3%	1 M €	-57.6%	2,4 M €	+31.1%	1,8 M €	+4.9%	1,8 M €	-78.5%	8,2 M €	+45.5%	5,6 M €	+85.8%	3 M €	+18.9%	2,5 M €	+86.4%	1,4 M €	-4.6%	1,4 M €	+336%	328,1 k €	+2.4%	320,6 k €
Cash	48,2 €	-12.3%	54,9 €	-82.8%	318,8 €	+114%	149,2 €	-84.1%	937,1 €	-69.4%	3,1 k €	-74.1%	11,8 k €	-63.2%	32 k €	+31.0%	24,4 k €	+19.7%	20,4 k €	-6.2%	21,8 k €	+7588%	283 €	-23.7%	371 €	+47.8%	251 €	-49.1%	493 €	+31.1%	376 €	-96.6%	11,1 k €	+174%	4,1 k €	+36.2%	3 k €	+124%	1,3 k €
Debts	2,1 M €	-2.0%	2,1 M €	+0.5%	2,1 M €	+0.5%	2,1 M €	+0.4%	2,1 M €	+0.2%	2,1 M €	-3.5%	2,1 M €	-1.5%	2,2 M €	-6.2%	2,3 M €	-24.4%	3,1 M €	+58.6%	1,9 M €	+19.9%	1,6 M €	-79.1%	7,7 M €	+48.3%	5,2 M €	+96.9%	2,6 M €	+26.1%	2,1 M €	+120%	953,9 k €	-8.9%	1 M €		–		–

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 26 ended

Active mandates

EURORAIL INTERNATIONAL

Managing director · since 25 juillet 2025 · until 06 juin 2031 · 0886.188.535

Represented by BRICE DEVINOY

Active

PETER DHERDT

Director · since 25 juillet 2025 · until 06 juin 2031

Active

Ended mandates

ERIC DEBRAUWERE

Mandate · since 03 juin 2020 · until 02 mai 2025

Ended

ERIC DEBRAUWERE

Director · since 03 juin 2020 · until 02 mai 2025

Ended

ERIC DEBRAUWERE

Director · since 03 juin 2020 · until 24 juillet 2025

Ended

EURORAIL INTERNATIONAL

Managing director · since 03 juin 2020 · until 02 mai 2025 · 0886.188.535

Represented by BRICE DEVINOY

Ended

At this address

Other companies at this address

Company	CBE no.
A.B.E.S.● Active	0831.289.901
EF-ACADEMY● Active	0735.712.633
EURORAIL● Active	0443.885.163
EURORAIL INTERNATIONAL● Active	0886.188.535
INTERNATIONAL RAIL ROAD RIVER DISTRIBUTION SERVICES● Active	0459.300.146
LEAPHY● Active	0711.769.370
RAIL TERMINAL OPERATORS● Active	0468.315.406
RegioRail● Active	0501.943.128

Annual accounts

Full financial information

	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	28/07/2026	29/07/2025	29/07/2024	29/08/2023	29/11/2022	25/10/2021
General meeting	17/07/2026	24/07/2025	24/07/2024	31/07/2023	09/11/2022	30/09/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	17/07/2026	28/07/2026	Dutch	PDF
Abridged model	31/12/2024	24/07/2025	29/07/2025	Dutch	PDF
Abridged model	31/12/2023	24/07/2024	29/07/2024	Dutch	PDF
Abridged model	31/12/2022	31/07/2023	29/08/2023	Dutch	PDF
Abridged model	31/12/2021	09/11/2022	29/11/2022	Dutch	PDF
Abridged model	31/12/2020	30/09/2021	25/10/2021	Dutch	PDF
Abridged model	31/12/2019	31/08/2020	29/10/2020	Dutch	PDF
Abridged model	31/12/2018	30/07/2019	31/07/2019	Dutch	PDF
Full model	31/12/2017	28/11/2018	17/12/2018	Dutch	PDF
Full model	31/12/2016	14/07/2017	17/07/2017	Dutch	PDF
Full model	31/12/2015	29/07/2016	04/08/2016	Dutch	PDF
Full model	31/12/2014	14/07/2015	31/07/2015	Dutch	PDF
Full model	31/12/2013	18/07/2014	22/07/2014	Dutch	PDF
Full model	31/12/2012	10/06/2013	11/06/2013	Dutch	PDF
Full model	31/12/2011	25/06/2012	11/07/2012	Dutch	PDF
Full model	31/12/2010	10/06/2011	22/06/2011	Dutch	PDF
Full model	31/12/2009	10/06/2010	28/06/2010	Dutch	PDF
Full model	31/12/2008	10/06/2009	09/07/2009	Dutch	PDF
Full model	31/12/2007	10/06/2008	07/07/2008	Dutch	PDF
Full model	31/12/2006	11/06/2007	10/07/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 26 ended

Active mandates

EURORAIL INTERNATIONAL

Managing director · since 25 juillet 2025 · until 06 juin 2031 · 0886.188.535

Represented by BRICE DEVINOY

Active

PETER DHERDT

Director · since 25 juillet 2025 · until 06 juin 2031

Active

Ended mandates

ERIC DEBRAUWERE

Mandate · since 03 juin 2020 · until 02 mai 2025

Ended

ERIC DEBRAUWERE

Director · since 03 juin 2020 · until 02 mai 2025

Ended

ERIC DEBRAUWERE

Director · since 03 juin 2020 · until 24 juillet 2025

Ended

EURORAIL INTERNATIONAL

Managing director · since 03 juin 2020 · until 02 mai 2025 · 0886.188.535

Represented by BRICE DEVINOY

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates06/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/08/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/12/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/05/2017
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202516,4 k €↑
2024
Annual accounts 2024-11,2 k €↓
2023
Annual accounts 2023-10 k €↓
2022
Annual accounts 2022-9 k €↓
2021
Annual accounts 2021-6,5 k €↓
2020
Annual accounts 20204,5 k €↑
2019
Annual accounts 2019-19,4 k €↑
2018
Annual accounts 2018-731,9 k €↓
2017
Annual accounts 2017-640,9 k €↓
2016
Annual accounts 2016-563,1 k €↓
2015
Annual accounts 2015-235,8 k €↓
2014
Annual accounts 20149,8 k €↓
2013
Annual accounts 201336,9 k €↑
2012
Annual accounts 201230 k €↓
2011
Annual accounts 201131,5 k €↓
2010
Annual accounts 201033,4 k €↑
2009
Annual accounts 200928 k €↓
2008
Annual accounts 200854,7 k €↑
2007
Annual accounts 20077,6 k €↑
2006
Annual accounts 2006-4 k €
18/03/1999
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

RAILLINER

Overview

What does RAILLINER do?

Trend over 20 financial years

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