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 0 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
RAIL TERMINAL OPERATORS from Aalst, company number BE0468315406, closed financial year 2025 with a result of € -6,574 after tax. For that financial year RAIL TERMINAL OPERATORS recorded a gross margin of € -6,057 and equity of € 8,638. Compared with financial year 2024, the result moved from € -5,806 to € -6,574. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 8,638
▼ 43% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,574
▼ 13 % more loss than in 2024
Profit after tax over the fiscal year.
€ 61
▼ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -78,362.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,080
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -5,198 | € -5,424 | € -5,721 | € -6,057 | ▼ € 337 |
| Profit after taxes | € -5,884 | € -5,405 | € -5,806 | € -6,574 | ▼ € 768 |
| Equity | € 26,421 | € 21,017 | € 15,211 | € 8,638 | ▼ 43% |
| Total debts | € 3,737 | € 9,379 | € 14,888 | € 21,424 | ▲ 44% |
| Cash | € 158 | € 396 | € 99 | € 61 | ▼ 38% |
| Retained profit | € -60,579 | € -65,983 | € -71,789 | € -78,362 | ▼ € 6,574 |
| Balance sheet total | € 30,158 | € 30,396 | € 30,099 | € 30,061 |
Key figures of RAIL TERMINAL OPERATORS, 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 RAIL TERMINAL OPERATORS?
What happened at RAIL TERMINAL OPERATORS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- EURORAIL INTERNATIONAL stepped down as director. NBB
- PETER DHERDT stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 6,574. Source: NBB ↗
- EURORAIL INTERNATIONAL became a director. NBB
- PETER DHERDT became a director. NBB
- New establishment in Dilbeek. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,884 loss in 2022 to € 6,574 loss in 2025.
Management
The stake of EURORAIL INTERNATIONAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RAIL TERMINAL OPERATORSThe shares are held by EURORAIL INTERNATIONAL (100%). It owns 30.8% of Transterminal Logistics in vereffening NV itself.
Directors
According to the 2025 annual accounts
Managing director · represented by BRICE DEVINOY
since 2025 · until 2031
since 2025 · until 2031
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Ninovesteenweg 190
9320 Aalst
Berchemstraat 14
1700 Dilbeek
Active since 3 December 2001
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
RAILLINER same network
€ 18,601 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
- 0468.315.406
- VAT number
- BE 0468.315.406
- Registered office
- Ninovesteenweg 190, 9320 Aalst
- Names & denominations
- RAIL TERMINAL OPERATORS · RTO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 December 1999
- Peppol
- Active · Active since 21 Nov 2025