ACTIVE

EURORAIL INTERNATIONAL

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Financial year 2025 · Closed on 31/12/2025

Net result-103,5 k €-165,6 %over 1 year

Revenue516,9 k €-18,3 %over 1 year

Equity33,1 M €+83,6 %over 1 year

Workforce3,8 ETP-7,3 %over 1 year

Identity

Source · BCE/KBO

EURORAIL INTERNATIONAL is a Public limited company incorporated in 2007. Its main activity is: Activities of holding companies. Its registered office is in Aalst. It employs on average 3,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0886.188.535
Incorporation: 08/01/2007
Legal form: Public limited company
Registered office: Ninovesteenweg 190
9320 Aalst · FlandreSee on map
Contributed capital: 35 041 462,82 €
Latest accounts: 31/12/2025
Average workforce: 3,8 ETP

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities 74151Specialised design activities 64200Activities of holding companies+1

Joint committees (1)

Signals

Solid equityLow riskGood liquidityPositive EBITDAHealthy social debts

Financials

Source · NBB, 39 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	516,9 k €	-18.3%	633 k €	+19.4%	530,2 k €	-6.3%	565,9 k €	+34.2%	421,8 k €
EBITDA	19,9 k €	-18.3%	24,3 k €	+95.0%	12,5 k €	-6.2%	13,3 k €	-36.0%	20,8 k €
Operating result	19,9 k €	-18.3%	24,3 k €	+96.8%	12,4 k €	-0.2%	12,4 k €	-23.6%	16,2 k €
Net result	-103,5 k €	-166%	157,7 k €	+102%	78,2 k €	-80.0%	391,5 k €	+169%	145,6 k €
Balance sheet
Equity	33,1 M €	+83.6%	18 M €	+0.9%	17,9 M €	+0.4%	17,8 M €	+76.0%	10,1 M €
Total assets	37,3 M €	+17.2%	31,8 M €	+11.7%	28,5 M €	+14.2%	24,9 M €	+8.2%	23,1 M €
Cash	198,9 k €	+1823%	10,3 k €	-93.5%	157,9 k €	+681%	20,2 k €	+1151%	1,6 k €
Debts	4,2 M €	-69.8%	13,8 M €	+30.1%	10,6 M €	+48.7%	7,1 M €	-44.9%	12,9 M €
Other
Workforce	3,8 ETP	-7.3%	4,1 ETP	0.0%	4,1 ETP	+17.1%	3,5 ETP	+16.7%	3,0 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

6 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Arnaldo MORGANTI	Director08/01/2007 → 10/06/2031
Eric DEBRAUWERE	Managing director08/01/2007 → 10/06/2031Mandate16/02/2016 → 25/06/2019ended
Henry POSNER III	Chairman of the board of directors16/02/2016 → 10/06/2031Managing director16/02/2016 → 10/06/2019endedMandate16/02/2016 → 25/06/2019ended
John HENSLER	Director16/02/2016 → 10/06/2031Mandate16/02/2016 → 09/06/2025ended
Marc DE CNIJF	Director08/01/2007 → 10/06/2031Mandate16/02/2016 → 09/06/2025ended
Markus HUNKEL	Bestuuder25/07/2025 → 10/06/2031Mandate10/12/2019 → 09/06/2025endedDirector10/12/2019 → 24/07/2025ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CDP CHANTAL BOLLEN & C°,REVISEURS D'ENTREPRISES0899.718.550Represented by Chantal BOLLEN	Director31/10/2023 → 10/06/2026
Laurent GORRA	Mandate25/06/2019 → 10/12/2019
Robert PIETANDREA	Mandate25/06/2019 → 10/12/2019
Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises0429.053.863Represented by Tom WINDELEN	Mandate15/02/2018 → 10/06/2020

Other companies at this address

Ninovesteenweg 190 9320 Aalst

Company	CBE no.
A.B.E.S.● Active	0831.289.901
EF-ACADEMY● Active	0735.712.633
EURORAIL● Active	0443.885.163
INTERNATIONAL RAIL ROAD RIVER DISTRIBUTION SERVICES● Active	0459.300.146
LEAPHY● Active	0711.769.370
RAILLINER● Active	0465.504.978
RAIL TERMINAL OPERATORS● Active	0468.315.406
RegioRail● Active	0501.943.128

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
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	21/08/2026	29/07/2025	30/07/2024	23/10/2023	29/11/2022	31/03/2022
General meeting	06/08/2026	24/07/2025	24/07/2024	16/10/2023	15/11/2022	01/01/9999
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 39 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	06/08/2026	21/08/2026	Dutch	PDF
Full model	31/12/2024	24/07/2025	29/07/2025	Dutch	PDF
Consolidated accounts	31/12/2024	—	27/10/2025	Dutch	PDF
Full model	31/12/2023	24/07/2024	30/07/2024	Dutch	PDF
Consolidated accounts	31/12/2023	30/09/2024	11/10/2024	Dutch	PDF
Full model	31/12/2022	16/10/2023	23/10/2023	Dutch	PDF
Consolidated accounts	31/12/2022	28/11/2023	11/12/2023	Dutch	PDF
Full model	31/12/2021	15/11/2022	29/11/2022	Dutch	PDF
Consolidated accounts	31/12/2021	09/12/2022	23/12/2022	Dutch	PDF
Full model	31/12/2020	28/10/2021	29/11/2021	Dutch	PDF
Consolidated accounts	31/12/2020	01/01/9999	31/03/2022	Dutch	PDF
Full model	31/12/2019	31/08/2020	29/10/2020	Dutch	PDF
Consolidated accounts	31/12/2019	01/01/9999	31/03/2022	Dutch	PDF
Full modelCorrection	31/12/2018	30/07/2019	24/08/2020	Dutch	PDF
Full model	31/12/2018	25/06/2019	27/09/2019	Dutch	PDF
Consolidated accounts	31/12/2018	19/08/2019	30/10/2019	Dutch	PDF
Full model	31/12/2017	28/11/2018	17/12/2018	Dutch	PDF
Consolidated accounts	31/12/2017	01/01/9999	21/12/2018	Dutch	PDF
Full model	31/12/2016	14/07/2017	17/07/2017	Dutch	PDF
Consolidated accounts	31/12/2016	17/11/2017	21/09/2018	Dutch	PDF
Full model	31/12/2015	29/07/2016	29/08/2016	Dutch	PDF
Consolidated accounts	31/12/2015	19/10/2016	21/10/2016	Dutch	PDF
Full model	31/12/2014	15/07/2015	31/07/2015	Dutch	PDF
Consolidated accounts	31/12/2014	30/09/2015	30/10/2015	Dutch	PDF
Full model	31/12/2013	18/07/2014	22/07/2014	Dutch	PDF
Consolidated accounts	31/12/2013	28/11/2014	29/11/2014	Dutch	PDF
Full model	31/12/2012	10/06/2013	12/06/2013	Dutch	PDF
Consolidated accounts	31/12/2012	16/09/2013	20/09/2013	Dutch	PDF
Full model	31/12/2011	25/06/2012	25/07/2012	Dutch	PDF
Consolidated accounts	31/12/2011	14/08/2012	14/08/2012	Dutch	PDF
Full model	31/12/2010	30/06/2011	28/07/2011	Dutch	PDF
Consolidated accounts	31/12/2010	16/08/2011	31/08/2011	Dutch	PDF
Full model	31/12/2009	10/06/2010	09/07/2010	Dutch	PDF
Consolidated accounts	31/12/2009	16/08/2010	24/09/2010	Dutch	PDF
Full model	31/12/2008	10/06/2009	09/07/2009	Dutch	PDF
Consolidated accounts	31/12/2008	10/06/2009	24/07/2009	Dutch	PDF
Full model	31/12/2007	10/06/2008	08/07/2008	Dutch	PDF
Consolidated accounts	31/12/2007	10/06/2008	25/08/2008	Dutch	PDF
Consolidated accounts	31/12/2006	29/06/2007	27/07/2007	Dutch	PDF

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

6 active · 13 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Arnaldo MORGANTI	Director08/01/2007 → 10/06/2031
Eric DEBRAUWERE	Managing director08/01/2007 → 10/06/2031Mandate16/02/2016 → 25/06/2019ended
Henry POSNER III	Chairman of the board of directors16/02/2016 → 10/06/2031Managing director16/02/2016 → 10/06/2019endedMandate16/02/2016 → 25/06/2019ended
John HENSLER	Director16/02/2016 → 10/06/2031Mandate16/02/2016 → 09/06/2025ended
Marc DE CNIJF	Director08/01/2007 → 10/06/2031Mandate16/02/2016 → 09/06/2025ended
Markus HUNKEL	Bestuuder25/07/2025 → 10/06/2031Mandate10/12/2019 → 09/06/2025endedDirector10/12/2019 → 24/07/2025ended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
CDP CHANTAL BOLLEN & C°,REVISEURS D'ENTREPRISES0899.718.550Represented by Chantal BOLLEN	Director31/10/2023 → 10/06/2026
Laurent GORRA	Mandate25/06/2019 → 10/12/2019
Robert PIETANDREA	Mandate25/06/2019 → 10/12/2019
Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises0429.053.863Represented by Tom WINDELEN	Mandate15/02/2018 → 10/06/2020

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Other12/01/2026
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates07/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/01/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates24/06/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/03/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/02/2020
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares11/09/2019
KAPITAAL - AANDELEN
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

Filings19 filings

Mandates

Marc DE CNIJF

Arnaldo MORGANTI

John HENSLER

Henry POSNER III

Markus HUNKEL

Eric DEBRAUWERE

CDP CHANTAL BOLLEN & C°,REVISEURS D'ENTREPRISES

Laurent GORRA

Robert PIETANDREA

Deloitte Bedrijfsrevisoren/Réviseurs d’Entreprises

Robert PIETRANDREA

AC+ CONSULT BVBA

and 7 more mandates

2007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

EURORAIL INTERNATIONAL

Ninovesteenweg 190, 9320 Erembodegem

Director

Chairman of the board of directorsManaging director

BestuuderDirector

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Ninovesteenweg 190, 9320 ErembodegemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00419193

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
EURORAIL INTERNATIONALCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00419193

Events

2025
Annual accounts 2025-103,5 k €↓
2024
Annual accounts 2024157,7 k €↑
2023
Annual accounts 202378,2 k €↓
2022
Annual accounts 2022391,5 k €↑
2021
Annual accounts 2021145,6 k €↑
2020
Annual accounts 2020-692,7 k €↓
2019
Annual accounts 2019-132,4 k €↑
2018
Annual accounts 2018-2,5 M €↓
2017
Annual accounts 2017163,2 k €↑
2016
Annual accounts 201616,3 k €↓
2015
Annual accounts 2015287,2 k €↑
2014
Annual accounts 201410,2 k €↓
2013
Annual accounts 201396,8 k €↓
2012
Annual accounts 20121,2 M €↑
2011
Annual accounts 2011112,7 k €↑
2010
Annual accounts 2010-724,3 k €↓
2009
Annual accounts 200914,3 k €↑
2008
Annual accounts 20083 k €↓
2007
Annual accounts 2007124,9 k €
08/01/2007
IncorporationPublic limited company

EURORAIL INTERNATIONAL

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events