RegioRail
ActiveRegioRail has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.11M and a net result of €-6.16M. Equity is growing by ~24.5% per year across the filed fiscal years. Its solvency ranks better than 58% of 860 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency59▼-8
Growth35=
Stability100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Liquidity short (current ratio 0.19 against 0.01 in 2024), and 52.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Sector 49
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
47.5%
Return on assets
-28.9%
Age of the figures
8 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€6.2M
neutral · 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 filingsDeviation from the deadline
2025
21 d late
2024
2 d early
2023
2 d early
2022
84 d late
2021
121 d late
2020
121 d late
2019
90 d late
← before the deadline
after the deadline →
neutral · 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.
Companies Code · seven monthsPosition in the running window
14-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€20k▼ 25.3%
2024 · €26k
2018: €90k
2019: €20k
2020: €23k
2021: €22k
2022: €21k
2023: €25k
2024: €26k
2018 → 2025
EBIT margin
3.8%=
2024 · 3.8%
2018: 3.8%
2019: 2270.2%
2020: 5.0%
2021: -0.8%
2022: 13.7%
2023: 3.8%
2024: 3.8%
2018 → 2025
Net result
€-6.16M▼ 114%
2024 · €-2.89M
2018: €2k
2019: €428k
2020: €-2.77M
2021: €283k
2022: €560k
2023: €-1.05M
2024: €-2.89M
2018 → 2025
Working capital
€-238k▲ 90.2%
2024 · €-2.41M
2018: €1.96M
2019: €9.39M
2020: €-627k
2021: €-2.17M
2022: €40k
2023: €11k
2024: €-2.41M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€22k-€21k▼ 5.6%€25k▲ 17.9%€26k▲ 6.9%€20k▼ 25.3%
Equity€8.90M-€10.21M▲ 14.7%€9.16M▼ 10.3%€16.28M▲ 77.7%€10.11M▼ 37.9%
Operating result€-168-€3k€952▼ 67.0%€1k▲ 6.8%€760▼ 25.3%
Net result€283k-€560k▲ 97.5%€-1.05M€-2.89M▼ 176%€-6.16M▼ 114%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 25% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21.31M
Fixed assets
€21.25M▼ 10.3%
Current assets
€55k▲ 69.7%
Equity and liabilities €21.31M
Equity
€10.11M▼ 37.9%
Debt
€11.19M▲ 50.3%
The debt ratio rises from 31.4% to 52.5%: debt grows while equity shrinks.
Key figures and ratios
Solvency
47.5%▼
2024 · 68.6%
Current ratio
0.19▲
2024 · 0.01
Quick ratio
0.19▲
2024 · 0.01
Debt / equity
1.11▲
2024 · 0.46
ROE
-60.9%▼
2024 · -17.7%
ROA
-28.9%▼
2024 · -12.2%
Debt
€11.19M▲
2024 · €7.45M
Debt ≤ 1 year
€293k▼
2024 · €2.45M
Debt > 1 year
€10.90M▲
2024 · €5.00M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€23.72M€21.31M▼
Fixed assets21/28€23.69M€21.25M▼
Financial fixed assets28€23.69M€21.25M▼
Affiliated companies280/1€23.69M€21.25M▼
Participating interests280€23.69M€21.25M▼
Current assets29/58€33k€55k▲
Amounts receivable within one year40/41€29k€33k▲
Trade receivables40€26k€30k▲
Other amounts receivable41€2k€2k▲
Cash at bank and in hand54/58€4k€23k▲
Equity and liabilities
Total equity and liabilities10/49€23.72M€21.31M▼
Equity10/15€16.28M€10.11M▼
Contributions10/11€22.50M€22.50M=
Capital10€22.50M€22.50M=
Issued capital100€22.50M€22.50M=
Profit (loss) carried forward14€-6.22M€-12.39M▼
Amounts payable17/49€7.45M€11.19M▲
Amounts payable after more than one year17€5.00M€10.90M▲
Financial debts170/4€5.00M€10.90M▲
Other loans174€5.00M€10.90M▲
Amounts payable within one year42/48€2.45M€293k▼
Trade debts44€15k€18k▲
Suppliers440/4€15k€18k▲
Other amounts payable47/48€2.43M€275k▼
Accrued charges and deferred income492/3€190€0▼
Income statement
Code20242025
Operating income70/76A€39k€71k▲
Turnover70€26k€20k▼
Other operating income74€12k€51k▲
Operating charges60/66A€38k€70k▲
Services and other goods61€24k€18k▼
Other operating charges640/8€13k€52k▲
Operating profit (loss)9901€1k€760▼
Financial income75/76B€8k€0▼
Recurring financial income75€8k€0▼
Income from current assets751€8k-
Other financial income752/9-€0
Financial charges65/66B€2.90M€6.16M▲
Recurring financial charges65€85k€224k▲
Debt charges650€324k€223k▼
Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-239k-
Other financial charges652/9€712€696▼
Non-recurring financial charges66B€2.81M€5.94M▲
Profit (loss) for the period before taxes9903€-2.89M€-6.16M▼
Profit (loss) for the period9904€-2.89M€-6.16M▼
Profit (loss) for the period to be appropriated9905€-2.89M€-6.16M▼
Appropriation of the result
Profit (loss) to be appropriated9906€-6.22M€-12.39M▼
Profit (loss) brought forward from the previous period14P€-3.34M€-6.22M▼
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
21-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 21 days late
2025
31-12
Financial
Weakest financial yearnet €-6.16M
Net result drops to €-6.16M, the lowest in the series.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €10MEq €16.28M ▲77.7%
Equity rises from €9.16M to €16.28M.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
23-10
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 84 days late
2022
31-12
Financial
Highest result since 2018net €560k ▲97.5%
Net result €560k, the highest in the series.
31-12
Financial
Liquidity times 24current ratio 4.59
Current ratio from 0.19 to 4.59; short-term debt falls from €2.68M to €11k.
31-12
Financial
Equity above €10MEq €10.21M ▲14.7%
2 profitable years in a row build equity to €10.21M.
29-11
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 121 days late
2021
31-12
Financial
Back to profitnet €283k
Net result €283k after one loss-making year.
31-12
Financial
Equity above €5MEq €8.90M
Equity rises from €-1.39M to €8.90M.
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 121 days late
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 90 days late
2019
31-12
Financial
Liquidity times 10current ratio 24.71
Current ratio from 2.42 to 24.71; short-term debt falls from €1.38M to €396k.
31-12
Financial
Equity above €500kEq €635k ▲206%
2 profitable years in a row build equity to €635k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
17-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 139 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2020
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
03-06-2020
Eric Debrauwere: Resigned as Director
01-07-2019
Eurorail International: Resigned as Director
24-04-2019
Laurent Gorra: Resigned as Director
09-02-2018
AG Holding: Resigned as Director
16-02-2016
Peter Dherdt: Resigned as Director
Location & real-estate footprint
Registered office, Aalst · 1 establishment unit since 2012
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Ninovesteenweg 1909320 AalstGround area
2,382 m²
Building footprint
460 m²
Volume, LiDAR
4,877 m³
Parcel 41342B0950/00G002, Flanders · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
RegioRail
since 20122.216.907.977
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41342B0950/00G002 | Flanders | 2,382 m² | 1 · 460 m² | 13.2 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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RTB CARGO BELGIUM
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EUROTUNNEL S.E.
BE 0880.472.859
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DB CARGO BELGIUM
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Of 62 companies in sector 49200 we hold annual accounts for 42. 12 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded12-12-2012
Fiscal year end31-12
Activities, NACEBEL
49200Land transport and transport via pipelines
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.