What does Stadsbader Rail do?

Stadsbader Rail is a road construction company in Enghien. Public Limited, started on 7 May 1997, 1 establishment.

What is the address of Stadsbader Rail?

The registered office of Stadsbader Rail is located at Werkplaatsenstraat(P.E.) 3, 7850 Enghien.

Is Stadsbader Rail still active?

Yes. According to the CBE (29 October 2026) Stadsbader Rail is active, legal situation “Normale toestand”, started on 7 May 1997.

Is Stadsbader Rail registered on Peppol?

Yes, Stadsbader Rail is registered on the Peppol network with ID 0208:0460627462.

What is the enterprise number of Stadsbader Rail?

The enterprise number of Stadsbader Rail is BE0460627462.

When was Stadsbader Rail founded?

Stadsbader Rail was founded on 7 May 1997.

Who are the directors of Stadsbader Rail?

According to the 2025 annual accounts, the directors of Stadsbader Rail are: SRL Lo-Consult, SA Desire Stadsbader, Erwin Gelaes.

Is Stadsbader Rail a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 7 May 1997; 5 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did Stadsbader Rail make in 2025?

Stadsbader Rail posted a profit after taxes of € 1,866,347 in financial year 2025.

What is the revenue of Stadsbader Rail?

In its most recent annual accounts (2025), Stadsbader Rail reported revenue of € 22,292,528.

How much does an employee at Stadsbader Rail earn?

The average wage cost per full-time employee at Stadsbader Rail was € 78,800 in 2025: staff costs of € 10 million for 127.2 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does Stadsbader Rail have?

According to the 2025 annual accounts, Stadsbader Rail has 127.2 full-time equivalents (FTE).

Stadsbader Rail (Public Limited) - Enghien - BE0460627462

Dossier Stadsbader Rail, printed on 29 October 2026 from databakkes.be/en/0460627462/stadsbader-rail. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

Stadsbader Rail from Enghien, company number BE0460627462, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year Stadsbader Rail recorded revenue of € 22.3 million and equity of € 5.7 million. Compared with financial year 2024, the result moved from € 1.7 million to € 1.9 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on May 29, 2026.

What it is worth Growing

€ 5.7 million

▲ 7% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 1.9 million

▲ 10% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 442,398

▼ 87% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Pays out

€ 1.5 million paid out

80 % of the profit went to the shareholders, mostly to SA Desire Stadsbader (100 % of the shares). That is where the money ends up.

People and assets in 2025

Full-time equivalents

127.2

▼ 4.1 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 2.8 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 10 million

▼ 4% vs 2024

€ 78,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.

Vehicles and equipment

€ 92,634

▲ 35% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt

€ 218

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 11 million

▲ 28% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 371 days on average.

Taxes and wages

€ 1.2 million

▼ 13% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 21,495,209 Revenue 2022: € 21,495,209 First fiscal year in the series	€ 18,577,635 Revenue 2023: € 18,577,635 ▼ 14% vs 2022 (€ 21,495,209) Unfavourable step	€ 21,640,960 Revenue 2024: € 21,640,960 ▲ 16% vs 2023 (€ 18,577,635) Favourable step	€ 22,292,528 Revenue 2025: € 22,292,528 ▲ 3% vs 2024 (€ 21,640,960) Favourable step	▲ 3%
Profit after taxes	€ 2,536,778 Profit after taxes 2022: € 2,536,778 First fiscal year in the series	€ 1,999,685 Profit after taxes 2023: € 1,999,685 ▼ 21% vs 2022 (€ 2,536,778) Unfavourable step	€ 1,700,322 Profit after taxes 2024: € 1,700,322 ▼ 15% vs 2023 (€ 1,999,685) Unfavourable step	€ 1,866,347 Profit after taxes 2025: € 1,866,347 ▲ 10% vs 2024 (€ 1,700,322) Favourable step	▲ 10%
Equity	€ 3,527,863 Equity 2022: € 3,527,863 First fiscal year in the series	€ 3,591,225 Equity 2023: € 3,591,225 ▲ 2% vs 2022 (€ 3,527,863) Favourable step	€ 5,291,547 Equity 2024: € 5,291,547 ▲ 47% vs 2023 (€ 3,591,225) Favourable step	€ 5,657,895 Equity 2025: € 5,657,895 ▲ 7% vs 2024 (€ 5,291,547) Favourable step	▲ 7%
Total debts	€ 20,767,631 Total debts 2022: € 20,767,631 First fiscal year in the series	€ 13,764,884 Total debts 2023: € 13,764,884 ▼ 34% vs 2022 (€ 20,767,631) Favourable step	€ 12,358,202 Total debts 2024: € 12,358,202 ▼ 10% vs 2023 (€ 13,764,884) Favourable step	€ 14,881,758 Total debts 2025: € 14,881,758 ▲ 20% vs 2024 (€ 12,358,202) Unfavourable step	▲ 20%
Cash	€ 6,682,529 Cash 2022: € 6,682,529 First fiscal year in the series	€ 1,592,019 Cash 2023: € 1,592,019 ▼ 76% vs 2022 (€ 6,682,529) Unfavourable step	€ 3,409,048 Cash 2024: € 3,409,048 ▲ 114% vs 2023 (€ 1,592,019) Favourable step	€ 442,398 Cash 2025: € 442,398 ▼ 87% vs 2024 (€ 3,409,048) Unfavourable step	▼ 87%
Land & buildings	€ 833,628 Land & buildings 2022: € 833,628 First fiscal year in the series	€ 778,756 Land & buildings 2023: € 778,756 ▼ 7% vs 2022 (€ 833,628) Unchanged	€ 739,653 Land & buildings 2024: € 739,653 ▼ 5% vs 2023 (€ 778,756) Unchanged	€ 692,244 Land & buildings 2025: € 692,244 ▼ 6% vs 2024 (€ 739,653) Unchanged	▼ 6%
Retained profit	€ 263,113 Retained profit 2022: € 263,113 First fiscal year in the series	€ 326,475 Retained profit 2023: € 326,475 ▲ 24% vs 2022 (€ 263,113) Favourable step	€ 2,026,797 Retained profit 2024: € 2,026,797 ▲ € 1.7 million vs 2023 (€ 326,475) Favourable step	€ 2,393,145 Retained profit 2025: € 2,393,145 ▲ 18% vs 2024 (€ 2,026,797) Favourable step	▲ 18%
Dividend	€ 2,015,870 Dividend 2022: € 2,015,870 First fiscal year in the series	€ 1,936,323 Dividend 2023: € 1,936,323 ▼ 4% vs 2022 (€ 2,015,870) Unchanged	€ 0 Dividend 2024: € 0 ▼ 100% vs 2023 (€ 1,936,323) Unchanged	€ 1,500,000 Dividend 2025: € 1,500,000 Unchanged (€ 0) Unchanged
Bank debt	€ 0 Bank debt 2022: € 0 First fiscal year in the series	€ 0 Bank debt 2023: € 0 Unchanged (€ 0) Unchanged	€ 0 Bank debt 2024: € 0 Unchanged (€ 0) Unchanged	€ 218 Bank debt 2025: € 218 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 24,838,873 Balance sheet total 2022: € 24,838,873 First fiscal year in the series	€ 17,839,015 Balance sheet total 2023: € 17,839,015 ▼ 28% vs 2022 (€ 24,838,873) Unchanged	€ 18,135,966 Balance sheet total 2024: € 18,135,966 ▲ 2% vs 2023 (€ 17,839,015) Unchanged	€ 21,093,128 Balance sheet total 2025: € 21,093,128 ▲ 16% vs 2024 (€ 18,135,966) Unchanged	▲ 16%
Employees (FTE)	145.7 Employees (FTE) 2022: 145.7 First fiscal year in the series	137.3 Employees (FTE) 2023: 137.3 ▼ 8.4 vs 2022 (145.7) Unchanged	131.3 Employees (FTE) 2024: 131.3 ▼ 6 vs 2023 (137.3) Unchanged	127.2 Employees (FTE) 2025: 127.2 ▼ 4.1 vs 2024 (131.3) Unchanged	▼ 4.1

Key figures of Stadsbader Rail, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.

What happened to Stadsbader Rail?

What happened at Stadsbader Rail in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 SRL Lo-Consult stepped down as director. NBB
2030 Erwin Gelaes stepped down as director. NBB
May 29, 2026 New annual accounts for financial year 2025: profit of € 1.9 million (▲ 10% vs 2024). Source: NBB ↗
2025 SA Desire Stadsbader stepped down as director. NBB
2024 SRL Lo-Consult became a director. NBB
2024 SA Desire Stadsbader became a director. NBB
2024 Erwin Gelaes became a director. NBB
Jul 3, 1997 New establishment in Enghien. KBO

In short

From € 2.5 million profit in 2022 to € 1.9 million profit in 2025.

Paid € 634,089 in corporate taxes since 2022.

Best year ever: 2022, with € 2.5 million profit.

Paid out € 5.5 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

SA Desire Stadsbader 100%

Stadsbader Rail

The shares are held by SA Desire Stadsbader (100%).

Directors

According to the 2025 annual accounts

SRL Lo-Consult

Director · represented by Jan Folens

Also active at: BUREAU DE CONTROLE TECHNIQUE POUR LA CONSTRUCTION, BV Asphalt, STADSBADER CONTRACTORS, SECO BELGIUM

since 2024 · until 2030

SA Desire Stadsbader

Chairman of the board · represented by Dominique Valcke

Also active at: VAN MAERCKE PREFAB, Bouw Georges Tanghe, STADSBADER, BV Asphalt, STADSBADER CONTRACTORS, STV - TRANS, STADSBADER ROUTE, VASTGOED INVEST +14 more

since 2024 · until 2025

Erwin Gelaes

Managing director

since 2024 · until 2030

Shareholders

SA Desire Stadsbader

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Werkplaatsenstraat(P.E.) 3

7850 Enghien

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.

All companies at this address →

ass.moment. COLAS RAIL BELGIUM/COLAS RAIL

Assoc.Moment. COLAS RAIL BELGIUM-DUCHENE

Colas Rail Belgium - Duchêne

SSM DUCHENE - EQOS (INFRABEL)

Mobix-Stadsbader Rail

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0460.627.462

VAT number

BE 0460.627.462

Registered office

Werkplaatsenstraat(P.E.) 3, 7850 Enghien

Names & denominations

Stadsbader Rail

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

7 May 1997

Peppol

Active · Active since 21 Oct 2025

Activities · NACE

Bouw van autowegen en andere wegen

Bouw van autowegen en andere wegen, vliegvelden en sportfaciliteiten

View on CBE Public ↗ Annual accounts (NBB) ↗

Stadsbader Rail

Financials

What happened to Stadsbader Rail?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions