Financials
Financial year 2025
RAILREST from Sint-Gillis (bij-Brussel), company number BE0477264744, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year RAILREST recorded revenue of € 29.3 million and equity of € 575,492. Compared with financial year 2024, the result moved from € 1.7 million to € 1.9 million. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 20, 2026.
€ 575,492
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▲ 9% vs 2024
Profit after tax over the fiscal year.
€ 7.8 million
▲ 26% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.9 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
96.6
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11.8 million
▲ 9% vs 2024
€ 121,800 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.
€ 6,054
▼ 25% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 4.5 million
▲ 183% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 102 days on average.
€ 4.6 million
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 19,312,453 | € 24,798,092 | € 27,244,889 | € 29,327,580 | ▲ 8% |
| Profit after taxes | € 492,589 | € 883,341 | € 1,727,066 | € 1,876,937 | ▲ 9% |
| Equity | € 2,388,147 | € 1,971,488 | € 598,555 | € 575,492 | ▼ 4% |
| Total debts | € 8,002,797 | € 8,793,604 | € 8,009,892 | € 10,956,290 | ▲ 37% |
| Cash | € 9,136,713 | € 9,739,016 | € 6,183,020 | € 7,775,916 | ▲ 26% |
| Retained profit | € 1,888,147 | € 1,471,488 | € 98,555 | € 75,492 | ▼ 23% |
| Dividend | € 0 | € 1,300,000 | € 3,100,000 | € 1,900,000 | ▼ 39% |
| Balance sheet total | € 10,626,973 | € 10,990,764 | € 8,845,875 | € 11,782,036 | ▲ 33% |
| Employees (FTE) | 79.4 | 88.4 | 97.7 | 96.6 | ▼ 1.1 |
Key figures of RAILREST, 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 RAILREST?
What happened at RAILREST in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- SCOTT ETHERINGTON stepped down as director. NBB
- HARDIP KAUR stepped down as director. NBB
- NICOLAS BIGARD stepped down as director. NBB
- NABIL JOSEPH ZAIDAN stepped down as director. NBB
- FABIO CROCE SEBASTIANI stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 1.9 million (▲ 9% vs 2024). Source: NBB ↗
- SCOTT ETHERINGTON became a director. NBB
- ROLF PIETER GELING stepped down as director. NBB
In short
From € 492,589 profit in 2022 to € 1.9 million profit in 2025.
Paid € 1.3 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.9 million profit.
Paid out € 6.3 million in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
SCOTT ETHERINGTON
Chairman of the board
since 2025 · until 2031
ROLF PIETER GELING
Director
since 2022 · until 2025
GIOSUE DE NIGRIS
Director
since 2024 · until 2025
HARDIP KAUR
Director
since 2025 · until 2031
NICOLAS BIGARD
Director
since 2025 · until 2031
ANDREW DAVID WEBB
Director
since 2021 · until 2025
NABIL JOSEPH ZAIDAN
Director
since 2021 · until 2027
FABIO CROCE SEBASTIANI
Director
since 2021 · until 2027
Establishments
Establishment units
Physical locations of this company
Fonsnylaan 13
1060 Sint-Gillis (bij-Brussel)
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0477.264.744
- VAT number
- BE 0477.264.744
- Registered office
- Fonsnylaan 13, 1060 Sint-Gillis (bij-Brussel)
- Names & denominations
- RAILREST
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 April 2002
- Peppol
- Active · Active since 31 Oct 2025
- Activities · NACE
Cateringdiensten op contractbasis en overige diensten in verband met maaltijden
Catering
Overige eetgelegenheden