Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Late annual account NBB
Fiscal year 2025 was filed 291 days after the legal deadline.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
RAIL FORUM EUROPE from Brussel, company number BE0836783960, closed financial year 2025 with a result of € -5,031 after tax. For that financial year RAIL FORUM EUROPE recorded a gross margin of € -4,883 and equity of € 6,122. Compared with financial year 2024, the result moved from € -1,106 to € -5,031. The company made a loss. 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 July 16, 2026.
€ 6,122
▼ 45% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5,031
▼ 355 % more loss than in 2024
Profit after tax over the fiscal year.
€ 20,786
▼ 1% vs 2024
Cash and bank balances on the last day of the fiscal year.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 47,577
▲ 131% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 15,701 | € -3,351 | € -966 | € -4,883 | ▼ € 3,917 |
| Profit after taxes | € 3,031 | € -3,570 | € -1,106 | € -5,031 | ▼ € 3,924 |
| Equity | € 16,006 | € 12,259 | € 11,152 | € 6,122 | ▼ 45% |
| Total debts | € 687 | € 483 | € 21,145 | € 48,764 | ▲ 131% |
| Cash | € 13,093 | € 6,741 | € 21,097 | € 20,786 | ▼ 1% |
| Retained profit | € 15,829 | € 12,259 | € 11,152 | € 6,122 | ▼ 45% |
| Balance sheet total | € 16,693 | € 12,741 | € 32,297 | € 54,886 | ▲ 70% |
Key figures of RAIL FORUM EUROPE, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2026 has not been filed yet; it was expected before 28 September 2026.
What happened to RAIL FORUM EUROPE?
What happened at RAIL FORUM EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 5,031. filed late Source: NBB ↗
- Carlo CICCIOLI became a director. NBB
- Valérie DEVAUX became a director. NBB
- Dariusz JOSKI became a director. NBB
- Andreas SCHIEDER became a director. NBB
- Mathilde METZ became a director. NBB
- Dominique RIQUET stepped down as director. NBB
- Itsvan UJEHLYI stepped down as director. NBB
In short
From € 3,031 profit in 2022 to € 5,031 loss in 2025.
Best year ever: 2022, with € 3,031 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind RAIL FORUM EUROPE are Carlo CICCIOLI, Valérie DEVAUX, Dariusz JOSKI, Ovidio BRUGIATI, Andreas SCHIEDER and Mathilde METZ.
Directors
According to the 2025 annual accounts
Carlo CICCIOLI
Director
since 2025
Valérie DEVAUX
Director
since 2025
Dariusz JOSKI
Vice-chairman of the board
since 2025
Ovidio BRUGIATI
Personne déléguée à la gestion journalière
since 2024
Andreas SCHIEDER
Chairman of the board
since 2025
Mathilde METZ
Vice-chairman of the board
since 2025
Dominique RIQUET
Director
since 2019 · until 2025
Itsvan UJEHLYI
Vice-chairman of the board
since 2019 · until 2025
Anna DEPARNAYGRUNENBERG
Vice-chairman of the board
since 2019 · until 2025
Andrey NOVAKOV
Chairman of the board
since 2019 · until 2025
Cesar LUENA
Director
since 2019 · until 2025
Establishments
Establishment units
Physical locations of this company
Kunstlaan 53
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →Les Ailes Brisées de Belgique
Club Air France
Association Européenne des Organisateurs de Recherche sous Contrat
Community of European Railway and Infrastructure Companies
€ 2 million gross margin · 2025
CREDIT INNOVATION
+9 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0836.783.960
- VAT number
- BE 0836.783.960
- Registered office
- Kunstlaan 53, 1000 Brussel
- Names & denominations
- RAIL FORUM EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- International non-profit association
- Legal situation
- Normale toestand
- Start date
- 7 June 2011
- Peppol
- Not registered