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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 63 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Van Moer Rail from Beveren-Kruibeke-Zwijndrecht, company number BE0466169330, closed financial year 2025 with a result of € -391,635 after tax. For that financial year Van Moer Rail recorded revenue of € 115.1 million and equity of € 8.8 million. Compared with financial year 2024, the result moved from € -99,100 to € -391,635. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ 8.8 million
▲ 300% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -391,635
▼ 295 % more loss than in 2024
Profit after tax over the fiscal year.
€ 0
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 14,710.
People and assets in 2025
305.6
▲ 34.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 19.4 million
▲ 17% vs 2024
€ 63,500 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.
€ 5.8 million
Of which on lease € 4.9 million.
Debts at end 2025
€ 10.1 million
▲ 3% vs 2024
€ 2.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 10.3 million
▼ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 40 days on average.
€ 4.3 million
▲ 17% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 104,013,733 | € 110,012,655 | € 102,450,994 | € 115,148,893 | ▲ 12% |
| Profit after taxes | € 425,510 | € 18,409 | € -99,100 | € -391,635 | ▼ € 292,535 |
| Equity | € 2,303,036 | € 2,305,445 | € 2,206,345 | € 8,814,710 | ▲ 300% |
| Total debts | € 32,594,256 | € 21,225,027 | € 25,115,002 | € 25,406,189 | ▲ 1% |
| Cash | € 12,139,000 | - | € 0 | € 0 | |
| Land & buildings | € 2,884,046 | € 4,506,879 | € 3,954,361 | € 0 | ▼ 100% |
| Retained profit | € 503,036 | € 505,445 | € 406,345 | € 14,710 | ▼ 96% |
| Dividend | € 124,271 | € 16,000 | € 0 | € 0 | |
| Bank debt | € 16,206,723 | € 7,842,821 | € 9,756,687 | € 10,095,950 | ▲ 3% |
| Balance sheet total | € 34,897,292 | € 23,530,472 | € 27,321,347 | € 34,220,899 | ▲ 25% |
| Employees (FTE) | 222.5 | 282.8 | 270.8 | 305.6 | ▲ 34.8 |
Key figures of Van Moer 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 Van Moer Rail?
What happened at Van Moer Rail in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 391,635. Source: NBB ↗
- New establishment in Brugge. KBO
- New establishment in Beveren-Kruibeke-Zwijndrecht. KBO
- New establishment in Beveren-Kruibeke-Zwijndrecht. KBO
- New establishment in Antwerpen. KBO
- New establishment in Beveren. KBO
- New establishment in Laakdal. KBO
- New establishment in Antwerpen. KBO
In short
From € 425,510 profit in 2022 to € 391,635 loss in 2025.
Paid € 1.2 million in corporate taxes since 2022.
Best year ever: 2022, with € 425,510 profit.
Paid out € 140,271 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of VAN MOER GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Van Moer RailBehind Van Moer Rail are Steven Pauwels BV and Van Moer Group NV. The shares are held by VAN MOER GROUP (100%).
Directors
According to the 2025 annual accounts
Director · represented by Steven Pauwels
Also active at: VAN MOER STORAGE, Trimodal Terminal Brussels, VMS II, BLUE REAL ESTATE, Van Moer Stevedoring
Managing director · represented by Johan Van Moer
Also active at: VAN MOER BRUSSELS, Van Moer Transport Retie, VAN MOER DISTRIBUTION, PORTCONNECT, VAN MOER CHEMICALS, Van Moer Cleaning & Repair, VAN MOER STORAGE, VAN MOER FORWARDING +15 more
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vitshoekstraat 11
2070 Beveren-Kruibeke-Zwijndrecht
Kruipin(KAL) _
9130 Beveren
Active since 16 July 1999
Sint-Antoniusweg(KAL) 1793
9130 Beveren
Active since 1 November 2016
Hazopweg(KAL) 1167
9130 Beveren
Active since 1 April 2014
Kruipin(KAL) 1143
9130 Beveren
Active since 4 May 2016
Skaldenstraat 60
9042 Gent
Active since 4 May 2016
Oudedijk(KAL) 1994
9130 Beveren-Kruibeke-Zwijndrecht
Active since 1 January 2017
Industrieweg 34
2280 Grobbendonk
Active since 22 January 2020
Industrieweg 36
2280 Grobbendonk
Active since 1 May 2021
Vilvoordselaan 140
1000 Brussel
Active since 1 May 2021
Zonneweg 1
9940 Evergem
Active since 1 October 2020
Nijverheidsweg 4
2430 Laakdal
Active since 1 January 2022
Noorderlaan 660
2030 Antwerpen
Active since 1 January 2022
Ferdinand Magellaanstraat 5
9940 Evergem
Active since 1 January 2022
Sint-Antoniusweg(KAL) 1795
9130 Beveren
Active since 1 March 2022
Kruisweg 2
2040 Antwerpen
Active since 1 August 2022
Nieuwe Weg 1 box 1053
2070 Beveren-Kruibeke-Zwijndrecht
Active since 1 April 2024
Hazopweg(VER) 6
9130 Beveren-Kruibeke-Zwijndrecht
Active since 1 March 2025
Minister Beernaertstraat 1
8380 Brugge
Active since 1 January 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →VAN MOER CHEMICALS same network
€ 20.3 million revenue · 2025
Van Moer Cleaning & Repair same network
€ 50.4 million revenue · 2025
VAN MOER STORAGE same network
€ 10.9 million revenue · 2025
VAN MOER FORWARDING same network
€ 8.7 million revenue · 2025
VAN MOER MANAGEMENT
€ -4,916 gross margin · 2025
+12 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
- 0466.169.330
- VAT number
- BE 0466.169.330
- Registered office
- Vitshoekstraat 11, 2070 Beveren-Kruibeke-Zwijndrecht
- Names & denominations
- Van Moer Rail
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 June 1999
- Peppol
- Active · Active since 22 May 2025
- Activities · NACE
Opslag
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