Financials
Financial year 2025
ERTMS SOLUTIONS from Brussel, company number BE0897249802, closed financial year 2025 with a result of € -58,582 after tax. For that financial year ERTMS SOLUTIONS recorded a gross margin of € 1.2 million and equity of € 923,454. Compared with financial year 2024, the result moved from € 18,162 to € -58,582. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 8, 2026.
€ 923,454
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -58,582
▼ still € 18,162 profit in 2024
Profit after tax over the fiscal year.
€ 568,146
▲ 7% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 904,854.
People and assets in 2025
11.8
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 4% vs 2024
€ 104,500 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.
€ 7,839
▲ 36% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 37,184
▼ 60% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 138,866
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 62,886 | € 388,739 | € 1,216,312 | € 1,211,101 | |
| Profit after taxes | € 49,932 | € 242,528 | € 18,162 | € -58,582 | ▼ € 76,744 |
| Equity | € 708,946 | € 951,474 | € 969,636 | € 923,454 | ▼ 5% |
| Total debts | € 1,268,437 | € 1,166,335 | € 721,738 | € 624,464 | ▼ 13% |
| Cash | € 1,191,287 | € 1,067,974 | € 530,161 | € 568,146 | ▲ 7% |
| Retained profit | € 702,746 | € 945,274 | € 963,436 | € 904,854 | ▼ 6% |
| Balance sheet total | € 1,977,383 | € 2,117,809 | € 1,691,374 | € 1,547,918 | ▼ 8% |
| Employees (FTE) | - | 6.1 | 13.2 | 11.8 | ▼ 1.4 |
Key figures of ERTMS SOLUTIONS, 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 ERTMS SOLUTIONS?
What happened at ERTMS SOLUTIONS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 58,582 (▼ € 76,744 vs 2024). Source: NBB ↗
- BOUMKE & CO SRL became a director. NBB
- L'EGG SRL became a director. NBB
- KOGI SRL became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 49,932 profit in 2022 to € 58,582 loss in 2025.
Paid € 2,130 in corporate taxes since 2022.
Best year ever: 2023, with € 242,528 profit.
On average € 102,600 of value added per employee in 2025.
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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
The stake of RAINCODE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ERTMS SOLUTIONSBehind ERTMS SOLUTIONS are JBO Consult SRL, BOUMKE & CO SRL, L'EGG SRL and KOGI SRL. The shares are held by RAINCODE (30.3%).
Directors
According to the 2025 annual accounts
Director · represented by Joseph BOURS
since 2022
since 2022
since 2022
Shareholders
30.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kazernestraat 45
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0897.249.802
- VAT number
- BE 0897.249.802
- Registered office
- Kazernestraat 45, 1000 Brussel
- Names & denominations
- ERTMS SOLUTIONS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 April 2008
- Peppol
- Active · Active since 16 Dec 2025
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