ACTIVE

RAILREST

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Financial year 2025 · closed on 31/12/2025

Net result

1,9 M €

+8.7% YoY

Revenue

29,3 M €

+7.6% YoY

Equity

575,5 k €

-3.9% YoY

Workforce

96,6 ETP

-1.1% YoY

What does RAILREST do?

RAILREST is a Public limited company incorporated in 2002. Its main activity is: Accommodation. Its registered office is in Saint-Gilles. It employs on average 96,6 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0477.264.744

Incorporation

03/04/2002

Legal form

Public limited company

Registered office

Avenue Fonsny 13
1060 Saint-Gilles · BruxellesSee on map

Contributed capital

500 000,00 €

Latest accounts

31/12/2025

Average workforce

96,6 ETP

Activities (NACE)

55521Accommodation· main 56220Event catering and other food service activities 56290Other food service activities

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDAHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2014		2013		2012		2006
Income statement
Revenue	29,3 M €	+7.6%	27,2 M €	+9.9%	24,8 M €	+28.4%	19,3 M €	+133%	8,3 M €	-32.8%	12,3 M €	-63.2%	33,5 M €	+4.6%	32 M €	-12.8%	36,7 M €	+0.3%	36,6 M €	+3.5%	35,3 M €	+14.1%	31 M €
EBITDA	2,4 M €	+0.6%	2,3 M €	+92.3%	1,2 M €	+54.2%	791,8 k €	+57.6%	502,4 k €	+359%	-194,4 k €	-114%	1,4 M €	+9.7%	1,3 M €	-2.6%	1,3 M €	+27.3%	1,1 M €	+5.1%	998,9 k €	-70.2%	3,4 M €
Operating result	2,3 M €	+1.4%	2,3 M €	+97.2%	1,2 M €	+58.2%	735,5 k €	+70.5%	431,5 k €	+258%	-273,7 k €	-120%	1,4 M €	+11.9%	1,2 M €	+33.3%	911,2 k €	+11.6%	816,4 k €	+4.0%	785,3 k €	-75.1%	3,2 M €
Net result	1,9 M €	+8.7%	1,7 M €	+95.5%	883,3 k €	+79.3%	492,6 k €	+14.0%	432,2 k €	+189%	-486,5 k €	-156%	868,2 k €	-1.8%	883,7 k €	+43.7%	614,9 k €	+21.6%	505,7 k €	-41.1%	858 k €	-56.4%	2 M €
Balance sheet
Equity	575,5 k €	-3.9%	598,6 k €	-69.6%	2 M €	-17.4%	2,4 M €	+26.0%	1,9 M €	+29.5%	1,5 M €	-24.9%	1,9 M €	+80.3%	1,1 M €	+38.9%	778,7 k €	+38.1%	563,7 k €	+1.0%	558 k €	-9.1%	614 k €
Total assets	11,8 M €	+33.2%	8,8 M €	-19.5%	11 M €	+3.4%	10,6 M €	+31.0%	8,1 M €	+9.5%	7,4 M €	-21.1%	9,4 M €	-4.0%	9,8 M €	+54.5%	6,3 M €	-39.5%	10,5 M €	+34.8%	7,8 M €	-31.9%	11,4 M €
Cash	7,8 M €	+25.8%	6,2 M €	-36.5%	9,7 M €	+6.6%	9,1 M €	+50.2%	6,1 M €	+37.0%	4,4 M €	+11.5%	4 M €	-18.8%	4,9 M €	+8.3%	4,5 M €	-29.4%	6,4 M €	+107%	3,1 M €	-21.6%	4 M €
Debts	11 M €	+37.6%	8 M €	-9.5%	8,8 M €	+9.9%	8 M €	+35.2%	5,9 M €	+21.2%	4,9 M €	-29.5%	6,9 M €	-13.9%	8 M €	+47.3%	5,5 M €	-25.2%	7,3 M €	+3.0%	7,1 M €	-13.9%	8,2 M €
Other
Workforce	96,6 ETP	-1.1%	97,7 ETP	+10.5%	88,4 ETP	+11.3%	79,4 ETP	-0.1%	79,5 ETP	-39.6%	131,6 ETP	-10.8%	147,6 ETP	+3.6%	142,5 ETP	-18.0%	173,8 ETP	-1.4%	176,3 ETP	+9.2%	161,5 ETP	+15.0%	140,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 35 ended

Active mandates

HARDIP KAUR

Director · since 17 novembre 2025 · until 17 novembre 2031

Active

SCOTT ETHERINGTON

Chairman of the board of directors · since 17 novembre 2025 · until 17 novembre 2031

Active

NICOLAS BIGARD

Director · since 30 avril 2025 · until 30 avril 2031

Active

GIOSUE DE NIGRIS

Director · since 30 septembre 2024 · until 30 avril 2025

Active

ROLF PIETER GELING

Director · since 24 août 2022 · until 17 novembre 2025

Active

ANDREW DAVID WEBB

Director · since 07 avril 2021 · until 17 novembre 2025

Active

FABIO CROCE SEBASTIANI

Director · since 07 avril 2021 · until 07 avril 2027

Active

NABIL JOSEPH ZAIDAN

Director · since 07 avril 2021 · until 07 avril 2027

Active

Ended mandates

GIOSUE DE NIGRIS

Director · since 30 septembre 2024 · until 07 avril 2027

Ended

ROLF PIETER GELING

Director · since 24 août 2022 · until 07 avril 2027

Ended

ANDREW DAVID WEBB

Director · since 30 juillet 2021 · until 07 avril 2027

Ended

ANDREW DAVID WEBB

Director · since 07 avril 2021 · until 07 avril 2027

Ended

At this address

Other companies at this address

Company	CBE no.
SSP BELGIUM● Active	0479.135.656

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	20/05/2026	05/05/2025	26/04/2024	05/05/2023	07/07/2022	09/06/2021
General meeting	01/04/2026	02/04/2025	20/03/2024	21/04/2023	06/04/2022	07/04/2021
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
Full model	31/12/2025	01/04/2026	20/05/2026	French	PDF
Full model	31/12/2024	02/04/2025	05/05/2025	French	PDF
Full model	31/12/2023	20/03/2024	26/04/2024	French	PDF
Full model	31/12/2022	21/04/2023	05/05/2023	French	PDF
Full model	31/12/2021	06/04/2022	07/07/2022	French	PDF
Full model	31/12/2020	07/04/2021	09/06/2021	French	PDF
Full model	31/12/2019	08/04/2020	08/06/2020	French	PDF
Full model	31/12/2018	03/04/2019	20/06/2019	French	PDF
Full model	31/12/2017	04/04/2018	26/06/2018	French	PDF
Full model	31/12/2016	11/04/2017	15/06/2017	French	PDF
Full model	31/12/2015	06/04/2016	01/07/2016	French	PDF
Full model	31/12/2014	01/04/2015	15/07/2015	French	PDF
Full model	31/12/2013	18/04/2014	17/06/2014	French	PDF
Full model	31/12/2012	03/04/2013	12/07/2013	French	PDF
Full model	31/12/2011	04/04/2012	18/06/2012	French	PDF
Full model	31/12/2010	24/03/2011	28/06/2011	French	PDF
Full model	31/12/2009	15/04/2010	11/06/2010	French	PDF
Full model	31/12/2008	27/03/2009	14/07/2009	French	PDF
Full model	31/12/2007	17/04/2008	22/08/2008	French	PDF
Full model	31/12/2006	26/04/2007	14/05/2007	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 35 ended

Active mandates

HARDIP KAUR

Director · since 17 novembre 2025 · until 17 novembre 2031

Active

SCOTT ETHERINGTON

Chairman of the board of directors · since 17 novembre 2025 · until 17 novembre 2031

Active

NICOLAS BIGARD

Director · since 30 avril 2025 · until 30 avril 2031

Active

GIOSUE DE NIGRIS

Director · since 30 septembre 2024 · until 30 avril 2025

Active

ROLF PIETER GELING

Director · since 24 août 2022 · until 17 novembre 2025

Active

ANDREW DAVID WEBB

Director · since 07 avril 2021 · until 17 novembre 2025

Active

FABIO CROCE SEBASTIANI

Director · since 07 avril 2021 · until 07 avril 2027

Active

NABIL JOSEPH ZAIDAN

Director · since 07 avril 2021 · until 07 avril 2027

Active

Ended mandates

GIOSUE DE NIGRIS

Director · since 30 septembre 2024 · until 07 avril 2027

Ended

ROLF PIETER GELING

Director · since 24 août 2022 · until 07 avril 2027

Ended

ANDREW DAVID WEBB

Director · since 30 juillet 2021 · until 07 avril 2027

Ended

ANDREW DAVID WEBB

Director · since 07 avril 2021 · until 07 avril 2027

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates28/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates27/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates29/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates25/11/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates01/10/2024
DEMISSIONS, NOMINATIONS
PDF
Registered office26/06/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - SIEGE SOCIAL
PDF
Mandates24/05/2023
DEMISSIONS, NOMINATIONS
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 20251,9 M €↑
2024
Annual accounts 20241,7 M €↑
2023
Annual accounts 2023883,3 k €↑
2022
Annual accounts 2022492,6 k €↑
2021
Annual accounts 2021432,2 k €↑
2020
Annual accounts 2020-486,5 k €↓
2019
Annual accounts 2019868,2 k €↓
2018
Annual accounts 2018883,7 k €↑
2014
Annual accounts 2014614,9 k €↑
2013
Annual accounts 2013505,7 k €↓
2012
Annual accounts 2012858 k €↓
2006
Annual accounts 20062 M €
03/04/2002
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

RAILREST

Overview

What does RAILREST do?

Trend over 12 financial years

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