ACTIVE

RAIL FORUM EUROPE

Financial year 2025 · Closed on 28/02/2025

Net result-5 k €-354,7 %over 1 year
Gross margin-4,9 k €-405,4 %over 1 year
Equity6,1 k €-45,1 %over 1 year

Identity

Source · BCE/KBO

RAIL FORUM EUROPE is a International non-profit organization incorporated in 2011. Its registered office is in Bruxelles.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0836.783.960
Incorporation
07/06/2011
Legal form
International non-profit organization
Registered office
Avenue des Arts 53
1000 Bruxelles · BruxellesSee on map
Latest accounts
28/02/2025

Financials

Source · NBB, 4 filings

Trend over 4 financial years

2025202420232022
Income statement
Gross margin-4,9 k €-966,2 €-3,4 k €15,7 k €
EBITDA-4,9 k €-966,2 €-3,4 k €15,7 k €
Operating result-4,9 k €-966,2 €-3,4 k €3,2 k €
Net result-5 k €-1,1 k €-3,6 k €3 k €
Balance sheet
Equity6,1 k €11,2 k €12,3 k €16 k €
Total assets54,9 k €32,3 k €12,7 k €16,7 k €
Cash20,8 k €21,1 k €6,7 k €13,1 k €
Debts48,8 k €21,1 k €482,5 €686,9 €

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 28/02/2025

11 active · 8 ended

Active mandates

Andreas SCHIEDER

Chairman of the board of directors · since 20 mars 2025

Active
Carlo CICCIOLI

Director · since 20 mars 2025

Active
Dariusz JOSKI

Vice-chairman of the board of directors · since 20 mars 2025

Active
Mathilde METZ

Vice-chairman of the board of directors · since 20 mars 2025

Active
Valérie DEVAUX

Director · since 20 mars 2025

Active
Ovidio BRUGIATI

Personne déléguée à la gestion journalière · since 08 avril 2024

Active
Andrey NOVAKOV

Chairman of the board of directors · since 06 novembre 2019 · until 21 février 2025

Active
Anna DEPARNAYGRUNENBERG

Vice-chairman of the board of directors · since 06 novembre 2019 · until 21 février 2025

Active
Cesar LUENA

Director · since 06 novembre 2019 · until 21 février 2025

Active
Dominique RIQUET

Director · since 06 novembre 2019 · until 21 février 2025

Active
Itsvan UJEHLYI

Vice-chairman of the board of directors · since 06 novembre 2019 · until 21 février 2025

Active

Ended mandates

Carlo CICCIOLO

Director · since 20 mars 2025

Ended
Matteo MUSSINI

Director · since 01 février 2022 · until 19 février 2024

Ended
Matteo MUSSINI

Director · since 01 février 2022

Ended
Andrey NOVAKOV

Chairman of the board of directors · since 06 novembre 2019 · until 31 décembre 2024

Ended

Other companies at this address

Avenue des Arts 53 1000 Bruxelles
CompanyCBE no.
0453.905.065
0766.856.264
Club Air France● Active
0409.629.119
0459.235.909
CREDIT INNOVATION● Liquidation
0473.258.446
0694.826.737
0775.615.265
EUROPABIO● Active
0477.520.310
0683.493.870
0673.568.493
LAS Solutions● Active
0803.430.412
0408.088.797
0863.321.279
0673.899.877

Full financial information

Source · NBB
2025202420232022
Type of accountMicro modelMicro modelMicro modelMicro model
Start of the financial year29/02/202401/03/202301/03/202201/03/2021
Closing of the financial year28/02/202528/02/202428/02/202328/02/2022
Length of the financial year13 months12 months12 months12 months
Filing date16/07/202616/07/202601/07/202520/12/2022
General meeting15/12/202515/12/202508/04/202419/12/2022
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 4 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model28/02/202515/12/202516/07/2026FrenchPDF
Micro model28/02/202415/12/202516/07/2026FrenchPDF
Micro model28/02/202308/04/202401/07/2025FrenchPDF
Micro model28/02/202219/12/202220/12/2022FrenchPDF

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 28/02/2025

11 active · 8 ended

Active mandates

Andreas SCHIEDER

Chairman of the board of directors · since 20 mars 2025

Active
Carlo CICCIOLI

Director · since 20 mars 2025

Active
Dariusz JOSKI

Vice-chairman of the board of directors · since 20 mars 2025

Active
Mathilde METZ

Vice-chairman of the board of directors · since 20 mars 2025

Active
Valérie DEVAUX

Director · since 20 mars 2025

Active
Ovidio BRUGIATI

Personne déléguée à la gestion journalière · since 08 avril 2024

Active
Andrey NOVAKOV

Chairman of the board of directors · since 06 novembre 2019 · until 21 février 2025

Active
Anna DEPARNAYGRUNENBERG

Vice-chairman of the board of directors · since 06 novembre 2019 · until 21 février 2025

Active
Cesar LUENA

Director · since 06 novembre 2019 · until 21 février 2025

Active
Dominique RIQUET

Director · since 06 novembre 2019 · until 21 février 2025

Active
Itsvan UJEHLYI

Vice-chairman of the board of directors · since 06 novembre 2019 · until 21 février 2025

Active

Ended mandates

Carlo CICCIOLO

Director · since 20 mars 2025

Ended
Matteo MUSSINI

Director · since 01 février 2022 · until 19 février 2024

Ended
Matteo MUSSINI

Director · since 01 février 2022

Ended
Andrey NOVAKOV

Chairman of the board of directors · since 06 novembre 2019 · until 31 décembre 2024

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates06/08/2025
    DIVERS - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates22/05/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - DEMISSIONS, NOMINATIONS
    PDF
  • Mandates14/07/2021
    SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
    PDF
  • Other20/06/2011
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 2025-5 k €↓
  2. 2024
    Annual accounts 2024-1,1 k €↑
  3. 2023
    Annual accounts 2023-3,6 k €↓
  4. 2022
    Annual accounts 20223 k €
  5. 07/06/2011
    IncorporationInternational non-profit organization