Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 1 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SUSTAINABLE RAILWAY from Dison, company number BE1010907076, closed financial year 2025 with a result of € -516,171 after tax. For that financial year SUSTAINABLE RAILWAY recorded a gross margin of € -37,453 and equity of € -366,171. 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 August 27, 2026.
€ -366,171
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -516,171
Profit after tax over the fiscal year.
€ 118,885
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -516,171.
People and assets in 2025
2.7
Average over the fiscal year, from the social balance sheet.
€ 238,366
€ 88,300 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.
€ 14,858
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 581,349
€ 136,425 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 89,461
Supplier invoices still open on the last day of the fiscal year.
€ 37,895
Taxes, VAT and social contributions still to pay.
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What happened to SUSTAINABLE RAILWAY?
What happened at SUSTAINABLE RAILWAY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Roger GEHLEN stepped down as director. NBB
- Eddy JOENEN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 516,171. filed late Source: NBB ↗
- New establishment in La Louvière. KBO
- Roger GEHLEN became a director. NBB
- Eddy JOENEN became a director. NBB
- Start of the company according to the CBE. KBO
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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 CORELIA INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SUSTAINABLE RAILWAYThe shares are held by CORELIA INVEST (100%).
Directors
According to the 2025 annual accounts
Roger GEHLEN
Managing director
Also active at: GEHLEN IMMO, COVEBAT, G-Bois, Société Internationale de Travaux Publics, ROGER GEHLEN, SERBI, ARDENNE RAILS, GEFOR +23 more
since 2024 · until 2030
Eddy JOENEN
Director
since 2024 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chemin de Xhénorie 11
4821 Dison
Rue Mercure(H-G) 2
7110 La Louvière
Active since 1 July 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →ARDENNE RAILS same network
€ 3.1 million gross margin · 2025
PIPE CONSULT same network
€ 1.4 million gross margin · 2025
CORELIA INVEST same network
€ 219,586 gross margin · 2025
DECORECY same network
€ 226,826 gross margin · 2025
BARCHON TRAILER SERVICES
+1 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
- 1010.907.076
- VAT number
- BE 1010.907.076
- Registered office
- Chemin de Xhénorie 11, 4821 Dison
- Names & denominations
- SUSTAINABLE RAILWAY
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 June 2024
- Peppol
- Active · Active since 10 Sept 2025
- Activities · NACE
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