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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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Negative equity NBB
More debt than assets in 1 of the last 4 fiscal years.
Financials
Financial year 2025
RAIL MANAGEMENT HK from Raeren, company number BE0651561272, closed financial year 2025 with a result of € -40,433 after tax. For that financial year RAIL MANAGEMENT HK recorded a gross margin of € -30,029 and equity of € -40,333. Compared with financial year 2024, the result moved from € 106,591 to € -40,433. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 12, 2025.
€ -40,333
▼ € 147,841 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -40,433
▼ still € 106,591 profit in 2024
Profit after tax over the fiscal year.
€ 16,742
▼ 84% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -40,433.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,373
▼ 42% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 8,826
▼ 53% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2021 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 72,772 | € 142,727 | € 150,498 | € -30,029 | ▼ € 180,527 |
| Profit after taxes | € 48,183 | € 99,960 | € 106,591 | € -40,433 | ▼ € 147,024 |
| Equity | € 67,457 | € 100,917 | € 107,508 | € -40,333 | ▼ € 147,841 |
| Total debts | € 27,249 | € 14,035 | € 22,974 | € 77,834 | ▲ 239% |
| Cash | € 64,041 | € 36,746 | € 103,937 | € 16,742 | ▼ 84% |
| Retained profit | € 48,857 | € 100,817 | € 107,408 | € -40,433 | ▼ € 147,841 |
| Dividend | € 44,500 | € 48,000 | € 100,000 | € 107,408 | ▲ 7% |
| Balance sheet total | € 94,706 | € 114,952 | € 130,482 | € 37,500 | ▼ 71% |
Key figures of RAIL MANAGEMENT HK, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to RAIL MANAGEMENT HK?
What happened at RAIL MANAGEMENT HK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 40,433 (▼ € 147,024 vs 2024). Source: NBB ↗
- New establishment in Raeren. KBO
- Start of the company according to the CBE. KBO
In short
From € 48,183 profit in 2021 to € 40,433 loss in 2025.
Paid € 99,640 in corporate taxes since 2021.
Best year ever: 2024, with € 106,591 profit.
Paid out € 299,908 in dividends to the owners in total.
Management
Behind RAIL MANAGEMENT HK are Claudia Fonk and Heinz Kirschfink. It owns 10% of HSL Belgium itself.
Directors
According to the 2025 annual accounts
Claudia Fonk
Director
Establishments
Establishment units
Physical locations of this company
Neustrasse 95
4730 Raeren
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0651.561.272
- VAT number
- BE 0651.561.272
- Registered office
- Neustrasse 95, 4730 Raeren
- Names & denominations
- RAIL MANAGEMENT HK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 April 2016
- Peppol
- Active · Active since 3 Dec 2025
- Activities · NACE
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