ACTIVE

LINEAS GROUP

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Financial year 2025 · Closed on 31/12/2025

Net result-3,4 M €-887,6 %over 1 year
Revenue14,5 k €-29,4 %over 1 year
Equity177,2 M €-1,9 %over 1 year

Identity

Source · BCE/KBO

LINEAS GROUP is a Public limited company incorporated in 2010. Its main activity is: Freight rail transport. Its registered office is in Schaerbeek.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0822.966.806
Incorporation
08/02/2010
Legal form
Public limited company
Registered office
Boulevard du Roi AlbertII 37
1030 Schaerbeek · BruxellesSee on map
Contributed capital
169 422 902,87 €
Latest accounts
31/12/2025
Joint committees (3)
  • 140
  • 14003
  • 226
Contacts
2 public details availableLog in to view
Signals
Solid equityLow riskGood liquidityPositive EBITDA

Financials

Source · NBB, 30 filings

Trend over 11 financial years

20252024202020192018
Income statement
Revenue14,5 k €20,5 k €––348,5 M €
EBITDA128 k €364,6 k €3,4 M €4,5 M €237,2 M €
Operating result-308,2 k €-130,3 k €1,5 M €-3,2 M €213,7 M €
Net result-3,4 M €427,9 k €4,7 M €1,3 M €208 M €
Balance sheet
Equity177,2 M €180,6 M €407,5 M €403,2 M €401,5 M €
Total assets263 M €203,4 M €417,1 M €478,9 M €544,6 M €
Cash10,8 M €5,6 M €6,9 M €18,9 M €21,9 M €
Debts81,1 M €21,6 M €9,1 M €74,7 M €141,8 M €
Other
Workforce–––1,0 ETP914,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

13 active · 18 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Participatiemaatschappij Vlaanderen0455.777.660Represented by Jeroen Vergote
Director29/04/2026 → 25/05/2032
SPARAXIS0452.116.307Represented by Vincent Vandrepol
Director29/04/2026 → 25/05/2032
BERNARD GUSTIN SRL0898.567.418Represented by Bernard Gustin
Chairman of the board of directors03/02/2022 → 02/02/2028
VAN OCKENBURG CONSULTING0694.682.029Represented by Eric van Ockenburg
Director02/05/2025 → 28/05/2030
Dorian Feron
Director13/05/2023 → 29/05/2029
Karel Kroupa
Director13/05/2023 → 28/06/2028
B LOGISTICS HOLDING0635.949.618Represented by Maarten Meijssen
Director07/10/2015 → 28/06/2028
Gilles Mougenot
Director28/02/2022 → 28/06/2028Chairman of the board of directors07/10/2015 → 2020 accountsended
Richard Reis
Director07/10/2015 → 28/06/2028
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT0253.445.063Represented by Adrien Gassée
Director28/06/2022 → 28/06/2028
Arne Louwagie
Director02/06/2022 → 02/06/2028
GEMA0841.256.551Represented by Michel Allé
Director02/06/2022 → 02/06/2028
Jessica Peters
Director02/06/2022 → 02/06/2028

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Olivier HENIN
Director01/05/2016 → 2020 accounts
Koen KERCKAERT
Director07/10/2015 → 2020 accounts
Leap Time0637.793.905Represented by Geert PAUWELS
Director07/10/2015 → 2015 accounts

Other companies at this address

Boulevard du Roi AlbertII 37 1030 Schaerbeek
CompanyCBE no.
ATRIAS● Active
0836.258.873
Entreprise publique des Technologies Numériques de l'Information et de la Communication de la Communauté française● Active
0536.164.530
IBCOL Technical Services Belgium● Active
1021.609.146
International Network of Insurance● Active
0848.530.066
LINEAS● Active
0896.067.192
Luisterpuntbibliotheek● Active
0895.917.239
Modal Shifters● Active
0638.877.236
MSIG EUROPE● Active
0644.921.425
MSIG Specialty Marine● Active
0670.726.393
MWingz● Active
0738.987.372
NMBS LOGISTICS GROEP● Active
0838.084.354
Stichting Modal Shifters● Active
0681.706.003
Zefier● Active
0680.832.904

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelConsolidated accounts
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/07/202001/07/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202130/06/2020
Length of the financial year12 months12 months12 months12 months18 months12 months
Filing date16/06/202628/07/202527/07/202426/07/202329/06/202213/01/2021
General meeting26/05/202625/07/202528/06/202430/06/202328/06/202218/12/2020
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, 30 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202526/05/202616/06/2026DutchPDF
Full model31/12/202425/07/202528/07/2025DutchPDF
Consolidated accounts31/12/202425/07/202528/07/2025FrenchPDF
Full model31/12/202328/06/202427/07/2024DutchPDF
Consolidated accounts31/12/202328/06/202427/07/2024FrenchPDF
Full model31/12/202230/06/202326/07/2023FrenchPDF
Consolidated accounts31/12/202230/06/202326/07/2023FrenchPDF
Full model31/12/202128/06/202229/06/2022FrenchPDF
Consolidated accounts31/12/202128/06/202229/06/2022FrenchPDF
Full model30/06/202018/12/202007/01/2021FrenchPDF
Consolidated accounts30/06/202018/12/202013/01/2021FrenchPDF
Full model30/06/201919/12/201920/12/2019FrenchPDF
Consolidated accounts30/06/201919/12/201920/12/2019FrenchPDF
Full model30/06/201820/12/201817/01/2019DutchPDF
Consolidated accounts30/06/201816/11/201829/01/2019DutchPDF
Full model30/06/201723/11/201720/12/2017DutchPDF
Consolidated accounts30/06/201723/11/201721/12/2017DutchPDF
Full model31/12/201529/04/201627/05/2016DutchPDF
Consolidated accounts31/12/201529/04/201620/05/2016FrenchPDF
Full model31/12/201428/04/201501/06/2015DutchPDF
Consolidated accounts31/12/201428/04/201525/06/2015FrenchPDF
Full model31/12/201330/04/201417/07/2014DutchPDF
Full model31/12/201217/04/201324/05/2013FrenchPDF
Full model31/12/201217/04/201324/05/2013DutchPDF

View all 30 filings

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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

13 active · 18 ended

Active mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Participatiemaatschappij Vlaanderen0455.777.660Represented by Jeroen Vergote
Director29/04/2026 → 25/05/2032
SPARAXIS0452.116.307Represented by Vincent Vandrepol
Director29/04/2026 → 25/05/2032
BERNARD GUSTIN SRL0898.567.418Represented by Bernard Gustin
Chairman of the board of directors03/02/2022 → 02/02/2028
VAN OCKENBURG CONSULTING0694.682.029Represented by Eric van Ockenburg
Director02/05/2025 → 28/05/2030
Dorian Feron
Director13/05/2023 → 29/05/2029
Karel Kroupa
Director13/05/2023 → 28/06/2028
B LOGISTICS HOLDING0635.949.618Represented by Maarten Meijssen
Director07/10/2015 → 28/06/2028
Gilles Mougenot
Director28/02/2022 → 28/06/2028Chairman of the board of directors07/10/2015 → 2020 accountsended
Richard Reis
Director07/10/2015 → 28/06/2028
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT0253.445.063Represented by Adrien Gassée
Director28/06/2022 → 28/06/2028
Arne Louwagie
Director02/06/2022 → 02/06/2028
GEMA0841.256.551Represented by Michel Allé
Director02/06/2022 → 02/06/2028
Jessica Peters
Director02/06/2022 → 02/06/2028

Ended mandates

DirectorMandates in this companyPeriodOther mandatescurrentendedstruck offbankruptcies
Olivier HENIN
Director01/05/2016 → 2020 accounts
Koen KERCKAERT
Director07/10/2015 → 2020 accounts
Leap Time0637.793.905Represented by Geert PAUWELS
Director07/10/2015 → 2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/09/2026
    Ontslag en benoeming bestuurders - Verlenen van een bijzondere
    PDF
  • Mandates02/06/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates31/10/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other15/09/2025
    DIVERSEN
    PDF
  • Mandates21/08/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates03/06/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares20/01/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - KAPITAAL - AANDELEN
    PDF
  • Other18/09/2024
    DIVERSEN
    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
Filings11 filings
Mandates
SPARAXIS
Participatiemaatschappij Vlaanderen
BERNARD GUSTIN SRL
VAN OCKENBURG CONSULTING
Dorian Feron
Karel Kroupa
SOCIETE FEDERALE DE PARTICIPATIONS ET D'INVESTISSEMENT
B LOGISTICS HOLDING
Richard Reis
Gilles Mougenot
GEMA
Jessica Peters
20102011201220132014201520162017201820192020202120222023202420252026202720282029203020312032
LINEAS GROUP
Boulevard du Roi AlbertII 37, 1030 Schaerbeek
Director
Director
Chairman of the board of directors
Director
Director
Director
Director
Director
Director
DirectorChairman of the board of directors
Director
Director
CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE
Registered addressPeriodSource
Boulevard du Roi AlbertII 37, 1030 SchaerbeekCurrent
accounts 2024 → 2025
Accounts 2025 · 2026-00178429

Company names

Source · NBB annual accounts, CBE
NamePeriodSource
LINEAS GROUPCurrent
accounts 2024 → 2025
Accounts 2025 · 2026-00178429

Events

  1. 29/04/2026
    nominationVANDREPOL Vincent · vaste vertegenwoordiger (bestuurder)
  2. 29/04/2026
    nominationVERGOTE Jeroen · vaste vertegenwoordiger (bestuurder)
  3. 29/04/2026
    augmentation_capital
  4. 2025
    Annual accounts 2025-3,4 M €↓
  5. 01/10/2025
    nominationAdrien Gassée · vaste vertegenwoordiger
  6. 25/07/2025
    nominationB-G SRL · bestuurder en voorzitter van de raad van bestuur
  7. 25/07/2025
    nominationGilles Mougenot · bestuurder
  8. 25/07/2025
    nominationRichard Reis · bestuurder
  9. 25/07/2025
    nominationB Logistics Holdings NV · bestuurder
  10. 25/07/2025
    nominationArne Louwagie · bestuurder
  11. 25/07/2025
    nominationJessica Peters · bestuurder
  12. 25/07/2025
    nominationKarel Kroupa · bestuurder
  13. 25/07/2025
    nominationFederale Participatie- en Investeringsmaatschappij NV van openbaar nut · bestuurder
  14. 25/07/2025
    nominationDorian Féron · bestuurder
  15. 25/07/2025
    nominationGEMA SRL · bestuurder
  16. 25/07/2025
    nominationVAN OCKENBURG CONSULTING BV · bestuurder
  17. 02/05/2025
    nominationEric van Ockenburg · bestuurder
  18. 2024
    Annual accounts 2024427,9 k €↓
  19. 30/12/2024
    reduction_capital
  20. 28/06/2024
    reconductionForvis Mazars Bedrijfsrevisoren BV · commissaris
  21. 01/02/2024
    augmentation_capital
  22. 30/06/2023
    nominationRomuald Billem · commissaris
  23. 12/05/2023
    augmentation_capital
  24. 12/05/2023
    nominationFÉRON Dorian François Isabelle Camille · niet-statutaire bestuurders
  25. 12/05/2023
    nominationKROUPA Karel · niet-statutaire bestuurders
  26. 12/05/2023
    nominationFÉRON Dorian François Isabelle Camille · administrateur non statutaire
  27. 12/05/2023
    nominationKROUPA Karel · administrateur non statutaire
  28. 07/12/2022
    nominationTHE FUTURE IS BRIGHT BV · bestuurder
  29. 28/06/2022
    nominationGilles Mougenot · bestuurder
  30. 28/06/2022
    nominationRichard Reis · bestuurder
  31. 28/06/2022
    nominationFPIM NV · bestuurder
  32. 28/06/2022
    nominationB Logistics Holding NV · bestuurder
  33. 02/06/2022
    nominationGEMA SRL · bestuurder
  34. 02/06/2022
    nominationJessica Peters · bestuurder
  35. 02/06/2022
    nominationArne Louwagie · bestuurder
  36. 2020
    Annual accounts 20204,7 M €↑
  37. 2019
    Annual accounts 20191,3 M €↓
  38. 2018
    Annual accounts 2018208 M €↑
  39. 2017
    Annual accounts 201723,1 M €↑
  40. 2015
    Annual accounts 2015-20,6 M €↑
  41. 2014
    Annual accounts 2014-38,5 M €↓
  42. 2013
    Annual accounts 2013-36,4 M €↑
  43. 2012
    Annual accounts 2012-69,9 M €↑
  44. 2011
    Annual accounts 2011-185 M €
  45. 08/02/2010
    IncorporationPublic limited company