H-Rail is a civil engineering contractor in Nivelles. Private Limited, started on 21 December 2021, 1 establishment.

What is the address of H-Rail?

The registered office of H-Rail is located at Avenue de Burlet 69A, 1400 Nivelles.

Is H-Rail still active?

Yes. According to the CBE (30 October 2026) H-Rail is active, legal situation “Normale toestand”, started on 21 December 2021.

Is H-Rail registered on Peppol?

Yes, H-Rail is registered on the Peppol network with ID 0208:0778911978.

What is the enterprise number of H-Rail?

The enterprise number of H-Rail is BE0778911978.

When was H-Rail founded?

H-Rail was founded on 21 December 2021.

Who are the directors of H-Rail?

According to the 2025 annual accounts, the directors of H-Rail are: SP Consult SA, Cosibo SARL, Chec! BV.

Is H-Rail a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 21 December 2021; 4 annual accounts filed, latest fiscal year 2025; 3 directors known from the annual account.

How much profit did H-Rail make in 2025?

H-Rail posted a profit after taxes of € 24,836 in financial year 2025.

What is the revenue of H-Rail?

As a small company, H-Rail is not required to publish revenue in its annual accounts. In financial year 2025, its added value was € 77,695.

H-Rail (Private Limited) - Nivelles - BE0778911978

Dossier H-Rail, printed on 30 October 2026 from databakkes.be/en/0778911978/h-rail. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Financials

Financial year 2025

H-Rail from Nivelles, company number BE0778911978, closed financial year 2025 with a result of € 24,836 after tax. For that financial year H-Rail recorded a gross margin of € 77,695 and equity of € 580,445. Compared with financial year 2024, the result moved from € 36,779 to € 24,836. 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 June 25, 2026.

What it is worth Growing

€ 580,445

▲ 4% vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Healthy

€ 24,836

▼ 32% vs 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 20,282

▼ 84% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2025. Retained profit grew to € 412,845.

Debts at end 2025

Bank debt ≈ 1 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 201,353

▼ 15% vs 2024

€ 36,100 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.

Owed to suppliers

€ 36,076

▼ 74% vs 2024

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 10,351

▼ 82% vs 2024

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Gross margin	€ 492,696 Gross margin 2022: € 492,696 First fiscal year in the series	€ 87,487 Gross margin 2023: € 87,487 ▼ 82% vs 2022 (€ 492,696) Unfavourable step	€ 122,486 Gross margin 2024: € 122,486 ▲ 40% vs 2023 (€ 87,487) Favourable step	€ 77,695 Gross margin 2025: € 77,695 ▼ 37% vs 2024 (€ 122,486) Unfavourable step	▼ 37%
Profit after taxes	€ 336,459 Profit after taxes 2022: € 336,459 First fiscal year in the series	€ 14,771 Profit after taxes 2023: € 14,771 ▼ 96% vs 2022 (€ 336,459) Unfavourable step	€ 36,779 Profit after taxes 2024: € 36,779 ▲ 149% vs 2023 (€ 14,771) Favourable step	€ 24,836 Profit after taxes 2025: € 24,836 ▼ 32% vs 2024 (€ 36,779) Unfavourable step	▼ 32%
Equity	€ 504,059 Equity 2022: € 504,059 First fiscal year in the series	€ 518,830 Equity 2023: € 518,830 ▲ 3% vs 2022 (€ 504,059) Favourable step	€ 555,609 Equity 2024: € 555,609 ▲ 7% vs 2023 (€ 518,830) Favourable step	€ 580,445 Equity 2025: € 580,445 ▲ 4% vs 2024 (€ 555,609) Favourable step	▲ 4%
Total debts	€ 514,290 Total debts 2022: € 514,290 First fiscal year in the series	€ 684,143 Total debts 2023: € 684,143 ▲ 33% vs 2022 (€ 514,290) Unfavourable step	€ 434,302 Total debts 2024: € 434,302 ▼ 37% vs 2023 (€ 684,143) Favourable step	€ 249,175 Total debts 2025: € 249,175 ▼ 43% vs 2024 (€ 434,302) Favourable step	▼ 43%
Cash	€ 9,880 Cash 2022: € 9,880 First fiscal year in the series	€ 4,166 Cash 2023: € 4,166 ▼ 58% vs 2022 (€ 9,880) Unfavourable step	€ 124,521 Cash 2024: € 124,521 ▲ € 120,354 vs 2023 (€ 4,166) Favourable step	€ 20,282 Cash 2025: € 20,282 ▼ 84% vs 2024 (€ 124,521) Unfavourable step	▼ 84%
Retained profit	€ 336,459 Retained profit 2022: € 336,459 First fiscal year in the series	€ 351,230 Retained profit 2023: € 351,230 ▲ 4% vs 2022 (€ 336,459) Favourable step	€ 388,009 Retained profit 2024: € 388,009 ▲ 10% vs 2023 (€ 351,230) Favourable step	€ 412,845 Retained profit 2025: € 412,845 ▲ 6% vs 2024 (€ 388,009) Favourable step	▲ 6%
Bank debt	€ 155,464 Bank debt 2022: € 155,464 First fiscal year in the series	€ 121,445 Bank debt 2023: € 121,445 ▼ 22% vs 2022 (€ 155,464) Favourable step	€ 236,745 Bank debt 2024: € 236,745 ▲ 95% vs 2023 (€ 121,445) Unfavourable step	€ 201,353 Bank debt 2025: € 201,353 ▼ 15% vs 2024 (€ 236,745) Favourable step	▼ 15%
Balance sheet total	€ 1,018,349 Balance sheet total 2022: € 1,018,349 First fiscal year in the series	€ 1,202,973 Balance sheet total 2023: € 1,202,973 ▲ 18% vs 2022 (€ 1,018,349) Unchanged	€ 989,911 Balance sheet total 2024: € 989,911 ▼ 18% vs 2023 (€ 1,202,973) Unchanged	€ 829,619 Balance sheet total 2025: € 829,619 ▼ 16% vs 2024 (€ 989,911) Unchanged	▼ 16%

Key figures of H-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 H-Rail?

What happened at H-Rail in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

Jun 25, 2026 New annual accounts for financial year 2025: profit of € 24,836 (▼ 32% vs 2024). Source: NBB ↗
Jan 1, 2022 New establishment in Nivelles. KBO
2021 SP Consult SA became a director. NBB
2021 Cosibo SARL became a director. NBB
2021 Chec! BV became a director. NBB
Dec 21, 2021 Start of the company according to the CBE. KBO

In short

From € 336,459 profit in 2022 to € 24,836 profit in 2025.

Paid € 117,278 in corporate taxes since 2022.

Best year ever: 2022, with € 336,459 profit.

Original PDFs at the National Bank ↗

Management

CHeC! 56%

TOTAL CONSTRUCT 12%

The stake of CHeC!, TOTAL CONSTRUCT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

H-Rail

SIABI 65%

UNI-RAIL 65%

H-RAIL INVEST 50%

Behind H-Rail are SP Consult SA, Cosibo SARL and Chec! BV. The shares are held by CHeC! (56%) and TOTAL CONSTRUCT (12%). It owns 65% of SIABI, 65% of UNI-RAIL and 50% of H-RAIL INVEST itself.

Directors

According to the 2025 annual accounts

SP Consult SA

Director · represented by Simon Penart

since 2021

Cosibo SARL

Director · represented by Simon Borremans

since 2021

Chec! BV

Director · represented by Christof Heremans

since 2021

Shareholders

CHeC!

56%

TOTAL CONSTRUCT

12%

Participations

SIABI

65%

UNI-RAIL

65%

H-RAIL INVEST

50%

Establishments

Establishment units

Physical locations of this company

Registered office

Avenue de Burlet 69A

1400 Nivelles

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0778.911.978

VAT number

BE 0778.911.978

Registered office

Avenue de Burlet 69A, 1400 Nivelles

Names & denominations

H-Rail

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

21 December 2021

Peppol

Active · Active since 9 Dec 2025

Activities · NACE

Bouw van boven- en ondergrondse spoorwegen

Bouw van bruggen en tunnels

View on CBE Public ↗ Annual accounts (NBB) ↗

H-Rail

Financials

What happened to H-Rail?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Details

Frequently asked questions