Financials
Financial year 2025
RAIL EUROPE from Couvin, company number BE0478994809, closed financial year 2025 with a result of € 706,007 after tax. For that financial year RAIL EUROPE recorded revenue of € 26.2 million and equity of € 10.2 million. Compared with financial year 2024, the result moved from € 1 million to € 706,007. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 10.2 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 706,007
▼ 32% vs 2024
Profit after tax over the fiscal year.
€ 973,947
▲ € 759,852 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 € 9.8 million.
People and assets in 2025
22.9
▼ 1.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 1% vs 2024
€ 51,900 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.
€ 979,392
▲ € 976,180 vs 2024
Of which on lease € 978,122.
Debts at end 2025
€ 3.9 million
▲ 46% vs 2024
€ 384,612 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 4.9 million
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 75 days on average.
€ 452,067
▲ 103% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 23,049,791 | € 31,561,648 | € 30,177,933 | € 26,245,109 | ▼ 13% |
| Profit after taxes | € 957,541 | € 1,089,284 | € 1,043,018 | € 706,007 | ▼ 32% |
| Equity | € 7,217,295 | € 8,300,828 | € 9,516,226 | € 10,184,640 | ▲ 7% |
| Total debts | € 6,909,807 | € 9,944,881 | € 7,670,378 | € 9,329,924 | ▲ 22% |
| Cash | € 44,411 | € 211,593 | € 214,096 | € 973,947 | ▲ € 759,852 |
| Land & buildings | € 1,164,017 | € 1,127,096 | € 1,025,405 | € 1,710,636 | ▲ 67% |
| Retained profit | € 7,002,188 | € 8,091,472 | € 9,134,490 | € 9,840,497 | ▲ 8% |
| Bank debt | € 1,564,852 | € 2,036,302 | € 2,652,163 | € 3,866,607 | ▲ 46% |
| Balance sheet total | € 14,129,351 | € 18,247,959 | € 17,188,853 | € 19,516,813 | ▲ 14% |
| Employees (FTE) | 21.1 | 21.9 | 24.2 | 22.9 | ▼ 1.3 |
Key figures of RAIL EUROPE, 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 EUROPE?
What happened at RAIL EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Claude LAMBERT stepped down as director. NBB
- Christian LAMBERT stepped down as director. NBB
- Aurélie LAMBERT stepped down as director. NBB
- Didier GIOT stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 706,007 (▼ 32% vs 2024). filed late Source: NBB ↗
- Claude LAMBERT became a director. NBB
- Christian LAMBERT became a director. NBB
- Aurélie LAMBERT became a director. NBB
In short
From € 957,541 profit in 2022 to € 706,007 profit in 2025.
Paid € 1.4 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.1 million profit.
Pays suppliers within 75 days on average.
Management
The shares are held by CCL Belgium (48%), Claude LAMBERT (26%) and Christian LAMBERT (26%). It owns 71% of GABCO itself.
Directors
According to the 2025 annual accounts
Claude LAMBERT
Chairman of the board
Owns 26% directly
Also active at: Chantier de Créosotage de BRUXELLES - Creosoteeringcentrum van Brussel, GABCO, BRUSSELS WOOD RENEWABLE, European Rail Systems
since 2026 · until 2032
Aurélie LAMBERT
Managing director
Also active at: Chantier de Créosotage de BRUXELLES - Creosoteeringcentrum van Brussel, GABCO, BRUSSELS WOOD RENEWABLE, European Rail Systems
since 2021 · until 2027
Didier GIOT
Director
Also active at: MECANIQUE FERROVIAIRE DÉVELOPPEMENT, Chantier de Créosotage de BRUXELLES - Creosoteeringcentrum van Brussel
since 2021 · until 2027
Christian LAMBERT
Director
Owns 26% directly
Also active at: GABCO, BRUSSELS WOOD RENEWABLE, European Rail Systems
since 2026 · until 2032
Shareholders
Participations
71%
Establishments
Establishment units
Physical locations of this company
Rue Véroffe 6
5660 Couvin
Rue Véroffe 2
5660 Couvin
Active since 3 January 2003
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0478.994.809
- VAT number
- BE 0478.994.809
- Registered office
- Rue Véroffe 6, 5660 Couvin
- Names & denominations
- RAIL EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 27 December 2002
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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