Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Figures corrected NBB
Corrected annual account filed for 2022.
Financials
Financial year 2025
Eurostar Group from Sint-Gillis (bij-Brussel), company number BE0784617657, closed financial year 2025 with a result of € 109.6 million after tax. Compared with financial year 2024, the result moved from € 214.6 million to € 109.6 million. 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 4, 2026.
€ 1.8 billion
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 109.6 million
▼ 49% vs 2024
Profit after tax over the fiscal year.
€ 2.2 million
▼ 65% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50 million paid out
46 % of the profit went to the shareholders, mostly to SNCF VOYAGES DEVELOPEMENT SAS (56 % of the shares). That is where the money ends up.
Debts at end 2025
€ 650 million
€ 130 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 4.8 million
▲ € 3.9 million vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 4581 days on average.
€ 337,717
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -307,221 | € -319,615 | € 214,599,650 | € 109,603,866 | ▼ 49% |
| Equity | € 1,757,292,779 | € 1,756,973,164 | € 1,721,572,814 | € 1,781,176,680 | ▲ 3% |
| Total debts | € 7,245,797 | € 1,776,174 | € 657,571,961 | € 687,804,531 | ▲ 5% |
| Cash | € 1,308,815 | € 957,265 | € 6,422,005 | € 2,245,678 | ▼ 65% |
| Retained profit | € -307,221 | € -626,836 | € 213,972,814 | € 273,576,680 | ▲ 28% |
| Dividend | € 0 | € 0 | € 0 | € 50,000,000 | |
| Bank debt | € 6,727,533 | € 1,400,000 | € 651,400,000 | € 650,000,000 | |
| Balance sheet total | € 1,764,538,577 | € 1,758,749,339 | € 2,379,144,775 | € 2,468,981,211 | ▲ 4% |
Key figures of Eurostar Group, 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 Eurostar Group?
What happened at Eurostar Group in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alain KRAKOVITCH stepped down as director. NBB
- Christina Foerster stepped down as director. NBB
- Cécile DERVILLE stepped down as director. NBB
- Renaud LORAND stepped down as director. NBB
- Simone Huis in ‘t Veld stepped down as director. NBB
- Christophe FANICHET stepped down as director. NBB
- Lucy Sinclair stepped down as director. NBB
- Emma Howell stepped down as director. NBB
In short
From € 307,221 loss in 2022 to € 109.6 million profit in 2025.
Paid € 392,114 in corporate taxes since 2022.
Best year ever: 2024, with € 214.6 million profit.
Paid out € 50 million in dividends to the owners in total.
Management
The shares are held by SNCF VOYAGES DEVELOPEMENT SAS (55.8%), CDP Groupe Infrastructures INC (CDPGI) (19.3%), SNCB SA (18.5%) and Patina Rail LLP (6.4%). It owns 100% of THI Factory and 100% of Eurostar International Limited itself.
Directors
According to the 2025 annual accounts
Alain KRAKOVITCH
Chairman of the board
since 2025 · until 2028
Christina Foerster
Director
since 2025 · until 2028
Julien DURIF
Director
since 2025 · until 2025
Cécile DERVILLE
Director
since 2025 · until 2028
Renaud LORAND
Director
since 2025 · until 2028
Simone Huis in ‘t Veld
Director
since 2025 · until 2028
Christophe FANICHET
Director
since 2025 · until 2028
Lucy Sinclair
Director
since 2025 · until 2028
Najoua BEN JEMAA
Director
since 2025 · until 2025
Emma Howell
Director
since 2025 · until 2028
Jean-Baptiste GUENOT
Director
since 2025 · until 2028
Olivier PIRON
Director
since 2025 · until 2028
Christophe OZANNE
Director
since 2025 · until 2028
Vivian WANG NICOLI
Director
since 2025 · until 2025
Tanguy COTTE-MARTINION
Director
since 2025 · until 2028
Olivier FORTIN
Director
since 2025 · until 2028
Shareholders
CDP Groupe Infrastructures INC (CDPGI)
19.3%
18.5%
6.4%
Participations
100%
Eurostar International Limited
100%
Establishments
Establishment units
Physical locations of this company
Marcel Broodthaersplein 4
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
- 0784.617.657
- VAT number
- BE 0784.617.657
- Registered office
- Marcel Broodthaersplein 4, 1060 Sint-Gillis (bij-Brussel)
- Names & denominations
- Eurostar Group
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 April 2022
- Peppol
- Active · Active since 3 Jun 2025
- Activities · NACE
Activiteiten van holdings
Verhuur en lease van andere machines en werktuigen en andere materiële goederen