EURORAIL

Active

Public limited companyfounded 199135 yrs activeNinovesteenweg 190, 9320 Aalst, BelgiumKBO/BCE: BE 0443.885.163

Summary

EURORAIL has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.3m and a net result of -€334,975. Equity is shrinking by ~12.1% per year across the filed fiscal years. Its solvency ranks better than 52% of 1053 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Risk analysisWatch Report Compare

EURORAILActiveChecked score 80/100

Risk analysis Report Compare

Activity

Land transport and transport via pipelines

NACE 49200Logistics services NACE 52250NACE 52290

#7 company by total assets in Aalst, Transport and storage sector1 site

Size

€12.4mturnover 2025

Staff: 4.7 FTE
Equity: €2.3m
Loss: -€334,975

Financial health

80 Excellent Checked score 2025

Bankruptcy chance 12 m: 0.5%

Structure

Parent: EURORAIL INTERNATIONAL · 100%

Accounts filed 21 d late0 of 15 deeds read

Why 80- Liquidity: current ratio 0.90, cash €128,376- Sector Land transport and transport via pipelines (NACE 49)- Loss of €334,975, the second in a row (FY 2025)+ Founded in 1991Show the evidence

Checked score

Score 2025

80 / 100

Excellent

Probability in this band: under 0.55%

Better than 32% of its sector peers (NACE 49, micro)

Performance against the sector, not lower risk

Every signal that weighs is under Signals.

Financial strength · tick = 2024

Weak

Solvency 68-8

equity 42.9% of total assets

Liquidity 23-4

short-term debt 57.1% · cash 2.3%

Profitability 10+1

return on assets -6.1%

Bankruptcy probability, 12 months

0.5% Very low

0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 1.9% (9,055 companies)

Last 24 months 11-2024: 1.4% 12-2024: 1.4%● 0.0% vs 11-2024 01-2025: 1.4%● 0.0% vs 12-2024 02-2025: 1.4%▼ -3.2% vs 01-2025 03-2025: 1.4%▼ -1.3% vs 02-2025 04-2025: 1.4%● 0.0% vs 03-2025 05-2025: 1.3%▼ -2.1% vs 04-2025 06-2025: 1.3%▲ +0.5% vs 05-2025 07-2025: 1.5%▲ +13.5% vs 06-2025highest value 08-2025: 1.0%▼ -31.5% vs 07-2025 09-2025: 1.0%● 0.0% vs 08-2025 10-2025: 1.0%● 0.0% vs 09-2025 11-2025: 1.0%● 0.0% vs 10-2025 12-2025: 1.0%● 0.0% vs 11-2025 01-2026: 1.0%● 0.0% vs 12-2025 02-2026: 1.0%▼ -3.4% vs 01-2026 03-2026: 1.0%▼ -1.0% vs 02-2026 04-2026: 1.0%● 0.0% vs 03-2026 05-2026: 1.0%▲ +3.4% vs 04-2026 06-2026: 1.0%▼ -1.8% vs 05-2026 07-2026: 1.0%▼ -2.7% vs 06-2026 08-2026: 1.4%▲ +45.9% vs 07-2026 09-2026: 0.5%▼ -66.2% vs 08-2026lowest value 10-2026: 0.5%● 0.0% vs 09-2026lowest value

Liquidity: current ratio 0.90, cash €128,376 raises the probability
Sector Land transport and transport via pipelines (NACE 49) raises the probability
Founded in 1991 lowers the probability for this profile
Loss of €334,975, the second in a row (FY 2025) raises the probability

Credit up to €180,000 at 30 days acceptable

Liquidity short (current ratio 0.9 against 0.73 in 2024; short-term debt: 57.1% and cash: 2.3% of total assets), and 57.1% of the assets are financed with debt.

How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 49, micro). Better than this share of them on solvency 55%, liquidity 20%, profitability 15%, growth against the median 39%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 04-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Liquidity: current ratio 0.90, cash €128,376

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Sector Land transport and transport via pipelines (NACE 49)

In the bankruptcy model this factor raises the probability.

KBO

Founded in 1991

In the bankruptcy model this factor lowers the probability for this profile.

KBO

Loss of €334,975, the second in a row (FY 2025)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Persistent losses

Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.

NBB · annual accounts 2025

Net result per financial year

1819202122232425

2018 to 2025 · latest year -€334,975

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-08-2026, 21 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 10 filings

Deviation from the deadline

2025

21 d late

2024

2 d early

2023

2 d early

2022

31 d late

2021

121 d late

2020

87 d late

2019

90 d late

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 49 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 21 August (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

05-10-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

21-08-26 Annual accounts filedfiscal year 2025 · full…
29-07-25 Annual accounts filedfiscal year 2024 · full…
29-07-24 Annual accounts filedfiscal year 2023 · full…

Key points

Risk: 3 loss-making years in a rowloss fiscal year 2025 -€334,975 View
Caution: Among the weakest 8% on net resultsector median €52,525 · 1,053 companies -€334,975 View
Controlled by EURORAIL INTERNATIONALknown shareholders 100% 100% View