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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Busy address KBO
22 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
STRUKTON RAIL from Merelbeke-Melle, company number BE0468522272, closed financial year 2025 with a result of € 2.9 million after tax. For that financial year STRUKTON RAIL recorded revenue of € 57.3 million and equity of € 14 million. Compared with financial year 2024, the result moved from € 1.5 million to € 2.9 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 July 3, 2026.
€ 14 million
▲ 13% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.9 million
▲ 87% vs 2024
Profit after tax over the fiscal year.
€ 8.4 million
▲ 241% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.3 million paid out
45 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
132.4
▲ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 13.3 million
▲ 8% vs 2024
€ 100,700 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.
€ 2 million
▲ 78% vs 2024
Of which on lease € 1.7 million.
Debts at end 2025
€ 10.5 million
▲ € 9.9 million vs 2024
€ 1 million is repaid this year. At this pace the long-term loan is gone in ≈ 10 years.
€ 20.1 million
▲ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 198 days on average.
€ 2.8 million
▲ 13% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 29,045,108 | € 12,985,548 | € 35,151,156 | € 57,250,556 | ▲ 63% |
| Profit after taxes | € 1,553,584 | € 763,172 | € 1,549,437 | € 2,903,894 | ▲ 87% |
| Equity | € 10,107,280 | € 10,870,452 | € 12,419,889 | € 14,018,282 | ▲ 13% |
| Total debts | € 25,267,689 | € 27,597,085 | € 27,235,214 | € 42,659,089 | ▲ 57% |
| Cash | € 2,524,315 | € 897,517 | € 2,461,049 | € 8,392,585 | ▲ 241% |
| Retained profit | € 6,627,280 | € 7,390,452 | € 8,939,889 | € 10,538,282 | ▲ 18% |
| Dividend | € 0 | € 0 | € 0 | € 1,305,500 | |
| Bank debt | € 1,436,282 | € 854,081 | € 587,937 | € 10,497,129 | ▲ € 9.9 million |
| Balance sheet total | € 36,391,969 | € 40,022,538 | € 41,177,103 | € 57,890,371 | ▲ 41% |
| Employees (FTE) | 142.4 | 135.2 | 131.1 | 132.4 | ▲ 1.3 |
Key figures of STRUKTON 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 STRUKTON RAIL?
What happened at STRUKTON RAIL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Joris Bekaert stepped down as director. NBB
- Dominique Vleminckx stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 2.9 million (▲ 87% vs 2024). Source: NBB ↗
- Joris Bekaert became a director. NBB
- Tjark de Vries stepped down as director. NBB
- Tjark de Vries became a director. NBB
- Dominique Vleminckx became a director. NBB
- New establishment in Merelbeke-Melle. KBO
In short
From € 1.6 million profit in 2022 to € 2.9 million profit in 2025.
Paid € 2.5 million in corporate taxes since 2022.
Best year ever: 2025, with € 2.9 million profit.
Paid out € 1.3 million 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
It owns 100% of Algemene ondernemingen E. De Vuyst, 100% of Siebens Spoorbouw and 100% of Certus Rail Solutions itself.
Directors
According to the 2025 annual accounts
since 2026 · until 2030
since 2024 · until 2026
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Burg. Maenhautstraat 64
9820 Merelbeke-Melle
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 22 companies are registered at this address.
All companies at this address →DEBRIMMO
€ 5.7 million gross margin · 2025
CEFRAB
€ 1.4 million gross margin · 2025
LA MONDIALE same network
€ -10,987 gross margin · 2025
VLAAMSE BEROEPSVERENIGING TANDARTSEN
Arcon Projects
€ 318,609 gross margin · 2025
+17 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
- 0468.522.272
- VAT number
- BE 0468.522.272
- Registered office
- Burg. Maenhautstraat 64, 9820 Merelbeke-Melle
- Names & denominations
- STRUKTON RAIL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 20 December 1999
- Peppol
- Active · Active since 10 Sept 2026
- Activities · NACE
Bouw van boven- en ondergrondse spoorwegen
Bouw van autowegen en andere wegen, vliegvelden en sportfaciliteiten