Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
RAILLINER from Aalst, company number BE0465504978, closed financial year 2025 with a result of € 16,418 after tax. For that financial year RAILLINER recorded a gross margin of € 18,601 and equity of € -2.1 million. Compared with financial year 2024, the result moved from € -11,185 to € 16,418. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ -2.1 million
▲ € 16,418 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 16,418
▲ still € 11,185 loss in 2024
Profit after tax over the fiscal year.
€ 48
▼ 12% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -2.2 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,618
▼ 95% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -7,582 | € -7,989 | € -8,476 | € 18,601 | ▲ € 27,077 |
| Profit after taxes | € -8,958 | € -10,044 | € -11,185 | € 16,418 | ▲ € 27,604 |
| Equity | € -2,059,681 | € -2,069,725 | € -2,080,910 | € -2,064,492 | ▲ € 16,418 |
| Total debts | € 2,085,330 | € 2,095,544 | € 2,106,465 | € 2,064,540 | ▼ 2% |
| Cash | € 149 | € 319 | € 55 | € 48 | ▼ 12% |
| Retained profit | € -2,183,681 | € -2,193,725 | € -2,204,910 | € -2,188,492 | ▲ € 16,418 |
| Balance sheet total | € 25,649 | € 25,819 | € 25,555 | € 48 | ▼ € 25,507 |
Key figures of RAILLINER, 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 RAILLINER?
What happened at RAILLINER in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- EURORAIL INTERNATIONAL NV stepped down as director. NBB
- PETER DHERDT stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 16,418. Source: NBB ↗
- EURORAIL INTERNATIONAL NV became a director. NBB
- PETER DHERDT became a director. NBB
- New establishment in Aalst. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,958 loss in 2022 to € 16,418 profit in 2025.
Best year ever: 2025, with € 16,418 profit.
Management
The stake of EURORAIL INTERNATIONAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RAILLINERThe shares are held by EURORAIL INTERNATIONAL (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by BRICE DEVINOY
Also active at: EURORAIL, RAIL TERMINAL OPERATORS, RegioRail
since 2025 · until 2031
since 2025 · until 2031
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ninovesteenweg 190
9320 Aalst
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →EURORAIL same network
€ 12.4 million revenue · 2025
INTERNATIONAL RAIL ROAD RIVER DISTRIBUTION SERVICES
RAIL TERMINAL OPERATORS same network
€ -6,057 gross margin · 2025
RegioRail same network
€ 19,751 revenue · 2025
LEAPHY
€ -13,736 gross margin · 2025
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0465.504.978
- VAT number
- BE 0465.504.978
- Registered office
- Ninovesteenweg 190, 9320 Aalst
- Names & denominations
- RAILLINER
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 18 March 1999
- Peppol
- Active · Active since 21 Nov 2025