ERTMS SOLUTIONS (0897.249.802): annual accounts and directors

ERTMS SOLUTIONS

Brussels ·KBO/BCE: BE 0897.249.802

75-100	Excellent	under 0.55%
60-74	Healthy	0.55% to 1.5%
45-59	Fair	1.5% to 4.2%
25-44	Weak	4.2% to 15.0%
0-24	Critical	over 15.0%

Group	Expected	Actual
1	0.2%	0.2%
2	0.3%	0.5%
3	0.5%	0.6%
4	0.7%	0.8%
5	0.9%	0.9%
6	1.3%	1.5%
7	1.6%	1.8%
8	1.8%	1.8%
9	3.0%	3.1%
10	5.6%	6.2%

Company
ERTMS SOLUTIONS Brussels	€1.5m	€1.2m	59.7%	11.8
Industries eXcellence Steenokkerzeel	€1.5m	€1.0m	42.8%	9.5
MULTIMEDIUM Hoogstraten	€1.7m	€1.3m	69.6%	12.4
Emweb Herent	€2.0m	€1.2m	85.8%	10.7
EARLYTRACKS Etterbeek	€1.4m	€1.0m	31.6%	10.7
SKWAREL Auderghem	€1.5m	€1.7m	-12.1%	12.7
Sonical VanRoey Oostkamp	€1.3m	€1.4m	26.8%	12.4

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Balance sheet: assets
`20/58`	1.5m	1.7m	2.1m	2.0m	1.6m	1.1m	1.8m	1.4m	1.4m	1.3m	957,827	689,968	524,067	471,403	265,541	181,437	232,818
`21/28`	27,578	9,287	8,184	76,818	79,550	94,439	57,832	70,583	139,233	143,011	93,977	65,846	36,437	5,838	13,274	18,664	5,814
`21`	16,201	-	-	-	-	4,453	18,778	46,306	105,096	114,414	66,731	47,149	-	-	-	-	-
`22/27`	7,839	5,749	4,646	10,993	13,725	24,160	35,728	20,952	30,811	25,271	24,158	18,209	36,437	4,838	12,274	17,664	4,814
`23`	-	-	-	37	1,405	18,319	33,967	16,295	26,738	19,221	22,953	-	-	-	-	-	-
`24`	7,839	5,749	4,646	10,955	12,319	5,842	1,761	4,657	4,074	6,050	1,204	18,209	36,437	4,838	12,274	17,664	4,814
`28`	3,538	3,538	3,538	65,826	65,826	65,826	3,326	3,326	3,326	3,326	3,089	487	-	1,000	1,000	1,000	1,000
`29/58`	1.5m	1.7m	2.1m	1.9m	1.5m	967,068	1.7m	1.3m	1.3m	1.1m	863,850	624,123	487,630	465,566	252,267	162,773	227,003
`3`	422,043	181,358	182,680	208,575	63,673	50,184	59,369	66,155	-	-	-	-	1,150	-	-	-	-
`30/36`	422,043	181,358	182,680	208,575	63,673	50,184	59,369	66,155	-	-	-	-	1,150	-	-	-	-
`40/41`	525,400	865,016	788,880	455,364	830,198	640,222	1.5m	1.1m	1.0m	1.0m	578,946	504,635	342,655	232,830	214,999	143,561	140,977
`40`	473,645	614,369	599,829	360,703	802,866	558,742	1.1m	669,617	668,897	983,791	410,539	310,881	198,369	75,948	172,221	42,575	105,286
`41`	51,755	250,647	189,051	94,660	27,333	81,481	423,102	435,893	355,217	32,890	168,407	193,754	144,286	156,881	42,778	100,986	35,691
`54/58`	568,146	530,161	1.1m	1.2m	623,630	246,432	150,462	174,427	262,839	120,664	223,904	119,488	143,825	232,736	37,268	19,212	85,991
`490/1`	4,750	105,552	70,091	45,339	-	30,229	1,588	3,020	-	-	61,000	-	-	-	-	-	35
Balance sheet: equity and liabilities
`10/49`	1.5m	1.7m	2.1m	2.0m	1.6m	1.1m	1.8m	1.4m	1.4m	1.3m	957,827	689,968	524,067	471,403	265,541	181,437	232,818
`10/15`	923,454	969,636	951,474	708,946	659,014	49,444	450,894	761,207	984,081	794,863	659,128	469,096	217,463	-19,711	137,476	93,684	83,672
`10/11`	18,600	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
`100`	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
`101`	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
`13`	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-
`130`	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
`1311`	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-
`14`	902,994	961,576	943,414	700,886	650,954	41,384	442,834	753,147	976,021	786,803	651,068	461,036	209,403	-27,771	129,416	85,624	75,612
`17/49`	624,464	721,738	1.2m	1.3m	938,037	1.0m	1.3m	658,487	442,105	485,493	298,699	220,872	306,605	491,115	128,065	87,753	149,146
`17`	-	-	-	-	-	-	-	10,582	-	-	11,876	-	-	-	-	-	-
`170/4`	-	-	-	-	-	-	-	10,582	-	-	11,876	-	-	-	-	-	-
`42/48`	176,050	215,146	276,217	450,722	573,726	1.0m	1.3m	647,906	442,105	485,493	211,823	147,747	306,605	491,115	128,065	87,753	149,146
`42`	-	-	-	-	225,000	300,000	235,582	236,359	85,926	11,876	10,666	-	-	193,319	-	-	-
`44`	37,184	93,420	92,587	189,624	87,629	200,965	1.1m	400,449	145,247	300,848	99,441	10,874	183,021	297,788	115,093	43,701	19,044
`440/4`	37,184	93,420	92,587	189,624	87,629	200,965	1.1m	400,449	145,247	300,848	99,441	10,874	183,021	297,788	115,093	43,701	19,044
`45`	138,866	121,725	183,630	-	-	-	-	-	-	-	-	-	-	7	12,699	43,779	78,517
`450/3`	1,272	724	16,056	-	-	-	-	-	-	-	-	-	-	7	12,699	43,779	78,517
`454/9`	137,594	121,001	167,574	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`47/48`	-	-	-	261,097	261,097	511,097	11,097	11,097	210,933	172,769	101,716	136,874	123,583	-	273	273	51,585
`492/3`	448,414	506,593	890,118	817,715	364,311	-	-	-	-	-	75,000	73,125	-	-	-	-	-
Income statement
`76A`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	117	-
`9900`	1.2m	1.2m	388,739	62,886	641,927	-356,664	-245,858	-113,293	371,440	261,950	276,371	349,406	362,614	-147,059	68,142	26,422	210,222
`62`	1.2m	1.2m	686,536	-	-	-	-	-	-	-	-	-	-	-	-	-	-
`630`	6,831	4,628	7,016	9,010	25,334	36,954	58,712	88,158	69,314	67,712	56,115	35,781	22,368	8,813	10,128	10,986	4,308
`640/8`	29,935	1,057	1,210	145	1,028	868	868	13,124	868	868	437	437	437	437	437	437	784
`66A`	-	-	-	-	-	-	-	-	-	-	-	893	-	-	-	-	-
`9901`	-58,255	19,983	-306,024	53,731	615,564	-394,486	-305,438	-214,575	301,258	193,370	219,819	313,189	339,809	-156,309	57,577	15,000	205,131
`75/76B`	2,537	711	551,281	31	120	149	524	376	264	623	383	497	383	333	929	1,336	1,154
`75`	2,537	711	551,281	31	120	149	524	376	264	623	383	497	383	333	929	1,336	1,154
`65/66B`	2,102	1,650	2,242	3,830	6,114	7,114	5,399	6,681	12,303	3,464	2,773	1,159	357	1,204	2,042	1,889	332
`65`	2,102	1,650	2,242	3,830	6,114	7,114	5,399	6,681	12,303	3,464	2,773	1,159	357	1,204	2,042	1,889	332
`9903`	-57,820	19,043	243,015	49,932	609,570	-401,450	-310,313	-220,880	289,218	190,530	217,430	311,633	339,835	-157,180	56,465	14,564	205,953
`67/77`	762	881	487	-	-	-	-	1,994	-	-	-	-	2,662	7	12,672	4,553	78,481
`9904`	-58,582	18,162	242,528	49,932	609,570	-401,450	-310,313	-222,874	289,218	190,530	217,430	311,633	337,174	-157,187	43,792	10,012	127,472
`9905`	-58,582	18,162	242,528	49,932	609,570	-401,450	-310,313	-222,874	289,218	190,530	217,430	311,633	337,174	-157,187	43,792	10,012	127,472
Appropriation of the result
`9906`	902,994	961,576	943,414	700,886	650,954	41,384	442,834	753,147	1.1m	841,598	678,465	521,036	309,403	-27,771	129,416	85,624	127,472
`14P`	961,576	943,414	700,886	650,954	41,384	-	-	-	-	-	-	-	-	-	-	-	-
`691/2`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860
`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860
`694/7`	-	-	-	-	-	-	-	-	100,000	54,795	27,397	60,000	100,000	-	-	-	50,000
`694`	-	-	-	-	-	-	-	-	100,000	54,795	27,397	60,000	100,000	-	-	-	50,000
Social balance sheet
`9087`	11.8	13.2	6.1	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Hours worked`1013`	19,186	19,224	8,848	-	-	-	-	-	-	-	-	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	abbreviated format	08-07-2026	2026-00266864	PDF
31-12-2024	full format	08-07-2025	2025-00241275	PDF
31-12-2023	full format	03-07-2024	2024-00207062	PDF
31-12-2022	full format	06-07-2023	2023-00215786	PDF
31-12-2021	full format	01-07-2022	2022-20125471	PDF
31-12-2020	full format	09-08-2021	2021-47300003	PDF
31-12-2019	full format	07-09-2020	2020-51600028	PDF
31-12-2018	full format	13-09-2019	2019-64400042	PDF
30-09-2017	full format	26-03-2018	2018-07600229	PDF
30-09-2016	full format	22-03-2017	2017-07200123	PDF
30-09-2015	full format	23-03-2016	2016-07700006	PDF
30-09-2014	full format	05-02-2015	2015-03700456	PDF
30-09-2013	full format	11-03-2014	2014-06200249	PDF
30-09-2012	full format	12-03-2013	2013-06200382	PDF
30-09-2011	full format	19-03-2012	2012-06400407	PDF
30-09-2010	full format	21-03-2011	2011-06200262	PDF
30-09-2009	full format	10-03-2010	2010-06400234	PDF

2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
-51,424	24,611	-299,008	62,741	640,899	-357,532	-246,726	-126,416	370,572	261,082	275,934	348,970	362,177	-147,496	67,705	25,985	209,438
-51,751	22,790	249,544	58,942	634,904	-364,496	-251,601	-134,716	358,533	258,242	273,545	347,414	359,542	-148,374	53,920	20,997	131,780
25,122	5,731	882	6,278	10,446	73,560	45,961	19,508	65,536	116,746	84,247	65,189	53,968	1,377	11,760	23,835	10,122
37,986	-537,813	-123,313	567,657	377,198	95,971	-23,965	-88,412	142,175	-103,240	104,416	-24,337	-88,911	195,468	18,056	-66,779	-
1.3m	1.5m	1.8m	1.4m	943,775	-44,995	393,062	701,206	844,848	651,852	652,027	476,375	181,025	-25,549	124,202	75,020	77,858
59.7%	57.3%	44.9%	35.9%	41.3%	4.7%	25.7%	53.6%	69.0%	62.1%	68.8%	68.0%	41.5%	-4.2%	51.8%	51.6%	35.9%
8.64	7.82	7.64	4.22	2.64	0.96	1.30	2.08	2.91	2.34	4.08	4.22	1.59	0.95	1.97	1.85	1.52
6.24	6.98	6.98	3.75	2.53	0.91	1.26	1.98	2.91	2.34	4.08	4.22	1.59	0.95	1.97	1.85	1.52
0.68	0.74	1.23	1.79	1.42	20.47	2.90	0.87	0.45	0.61	0.45	0.47	1.41	-	0.93	0.94	1.78
-6.3%	1.9%	25.5%	7.0%	92.5%	-811.9%	-68.8%	-29.3%	29.4%	24.0%	33.0%	66.4%	155.0%	-	31.9%	10.7%	152.3%
-3.8%	1.1%	11.5%	2.5%	38.2%	-37.8%	-17.7%	-15.7%	20.3%	14.9%	22.7%	45.2%	64.3%	-33.3%	16.5%	5.5%	54.8%
-24.46	14.91	-133.34	16.38	over 100	-	-	-	-	-	-	-	-	-	-	-	-

Item	31-12-2025	31-12-2024	31-12-2023
Employees at the balance-sheet date	12	13	13
full-time	10	10	11
part-time	2	3	2
in full-time equivalents	11.8	12.6	12.7
	11.8	13.2	6.1
On a permanent contract	12	13	13
Joined	0	2	13
Left	1	2	0

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€4,656	€5,731	€669	€6,278	€10,446
Intangible fixed assets	€20,465	-	-	-	-
Financial fixed assets	-	-	€213	-	-
	€6,831	€4,628	€7,016	€9,010	€25,334

RAINCODE registered office since 09-07-1990 · founded in 1990	21 FTE (2025) 0440.804.820
LOGIC TOOLS registered office since 27-01-2023 · founded in 2023	total assets €617,819 (2025) 0797.715.132
BOUMKE & CO registered office since 17-02-2022 · founded in 2022	total assets €300,278 (2025) 0782.299.852
RAINCODE GROUP UNITE TVA registered office since 31-10-2012	founded in 2012 0849.341.601

Overview

Lifetime

Key points

Result

Investments

Position in the sector

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Comparable companies

Official details

Annual accounts 2025

Insights on ERTMS SOLUTIONS

Financials

Annual accounts 2025

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency59.7%

Current ratio8.64

Return on assets-3.8%

Staff

Staff cost per FTE€104,457

Joined and left-1 person

Filed annual accounts

Filings

Key figures and ratios

Social balance sheet

Investments

Public contracts

Insights on ERTMS SOLUTIONS

Board & ownership

Board

Mandates through the years

Control

Capital

Owners through the years

Articles of association

Network & group

No group

At the same address

Connections & network

Timeline

Timeline

History

Company details

Identity

Activities

Registered office and establishments

Buildings and parcels at the address

Location

Parcels

Contact

in euro

in euro

59.7%

8.64

-3.8%

€104,457

-1 person