RegioRail

Active

Public limited companyfounded 2012active for 13 yearsNinovesteenweg 190, 9320 Aalst, Belgium11 active companies are registered at this addressKBO/BCE: BE 0501.943.128

Summary

RegioRail has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10.1m and a net result of -€6.2m. Equity is growing by about 25% per year across the filed financial years. Its solvency ranks better than 58% of 1,075 sector peers (NACE 49, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow Report Compare

RegioRailActiveChecked score 69/100

Risk analysis Report Compare

Activity

Land transport and transport via pipelines

NACE 49200

2nd largest company by total assets in Aalst, Transport and storage sector1 site

Size

€70,933operating revenue 2025

Equity: €10.1m
Loss: -€6.2m

Financial health

69 Healthy Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.6%

Structure

Parent: EURORAIL INTERNATIONAL · 99.99%
Board: 4 members
Holdings: 1

Henry Posner IIIManaging director

Auditor: CDP CB & C°2025 accounts filed 21 days late3 of 14 deeds summarised

Why 69raises riskLiquidity: current ratio 0.19, cash €22,675Loss of €6.2m, the second in a row (financial year 2025)Sector: Land transport and transport via pipelines (NACE 49)lowers riskSize: turnover €19,751, total assets €21.3mShow the evidence

Checked score

Score 2025

69 / 100

Healthy

Probability in this band: 0.55% to 1.5%

Financially better than 40% of its sector peers (NACE 49, medium-sized)

Every signal that counts is listed under Signals.

Financial strength · tick = 2024

Weak

Solvency 72-22

equity 47.5% of total assets

Liquidity 50=

short-term debt 1.4% · cash 0.1%

Profitability 0-7

return on assets -28.9%

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.5% (273 companies, NACE 49, medium-sized)

Last 24 months 11-2024: 1.5% 12-2024: 1.5%● unchanged vs 11-2024 01-2025: 1.5%● unchanged vs 12-2024 02-2025: 1.5%● unchanged vs 01-2025 03-2025: 1.5%● unchanged vs 02-2025 04-2025: 1.5%● unchanged vs 03-2025 05-2025: 1.5%● unchanged vs 04-2025 06-2025: 1.5%● unchanged vs 05-2025 07-2025: 1.5%● unchanged vs 06-2025 08-2025: 1.4%▼ -0.1 percentage points vs 07-2025 09-2025: 1.4%● unchanged vs 08-2025 10-2025: 1.4%● unchanged vs 09-2025 11-2025: 1.4%● unchanged vs 10-2025 12-2025: 1.4%● unchanged vs 11-2025 01-2026: 1.4%● unchanged vs 12-2025 02-2026: 1.4%● unchanged vs 01-2026 03-2026: 1.5%▲ +0.1 percentage points vs 02-2026 04-2026: 1.5%● unchanged vs 03-2026 05-2026: 1.5%● unchanged vs 04-2026 06-2026: 1.4%▼ -0.1 percentage points vs 05-2026 07-2026: 1.4%● unchanged vs 06-2026 08-2026: 1.7%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 0.6%▼ -1.1 percentage points vs 08-2026lowest value 10-2026: 0.6%● unchanged vs 09-2026lowest value

Credit of up to €1,500 on 30-day terms is acceptable

Liquidity insufficient (current ratio 0.19, compared with 0.01 in 2024, below 1; short-term debt: 1.4% and cash: 0.1% of total assets), and 52.5% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

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%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 49, medium-sized): better than 74% on solvency, 79% on liquidity, 2% on profitability and 6% on growth.

The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises risk

Liquidity: current ratio 0.19, cash €22,675

NBB · annual accounts

Loss of €6.2m, the second in a row (financial year 2025)

NBB · annual accounts

Sector: Land transport and transport via pipelines (NACE 49)

KBO

Size: turnover €19,751, total assets €21.3m

Companies of this size fail less often; how much that weighs depends on the rest of its profile.

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 -€6.2m

2025 accounts filed 21 days late

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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.

NBB · 10 filings

Deviation from the deadline

2025

21 days late

2024

2 days early

2023

2 days early

2022

84 days late

2021

121 days late

2020

121 days late

2019

90 days 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 62 days after the deadline; the sector median (NACE 49) for financial year 2024 is on the deadline day, and 49% of those companies filed late.

Searched, nothing found (2)

Next filing not due yet

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (4 of the last 5 filed years within 63 days of that day).

Companies Code · seven months

Where today falls in the filing period

30-10-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

21-08-2026 Annual accounts filedfinancial year 2025 · full…
31-12-2025 Weakest financial yearnet -€6.2m
31-10-2025 Reappointments: Eurorail International NV, Eric Debrauwere…Declaration

Key points

Risk: 3 loss-making years in a rowloss financial year 2025 -€6.2m View
Caution: Result fell in 2025from -€2.9m to -€6.2m ▼ 114% View
Caution: Among the weakest 5% on net resultsector median €48,771 · 1,073 companies -€6.2m View
Controlled by EURORAIL INTERNATIONALultimately: RAILROAD DEVELOPMENT CORPORATION BO 99.99% View

By topic

Financials

Financial year: 2025
Turnover: €19,751
Loss: -€6.2m
Solvency: 47.5%

Turnover▼ 25.3%

Net result

20182025

Go to Financials

Board & ownership

Board: 4 members
Parent: EURORAIL INTERNATIONAL · 99.99%
Auditor: CDP CB & C°

Eric DebrauwereDirector
Henry Posner IIIManaging director
Ida PosnerDirector
NV Eurorail InternationalManaging director

Go to Board & ownership

Network & group

Group: RAILROAD DEVELOPMENT CORPORATION BO
Subsidiaries: 1

1 subsidiary

Go to Network & group

Timeline

Events: 25
Since: 2014
Next accounts: by 31-07-2027

29-07-2025Annual accounts filed
31-12-2024Equity above €10m
24-12-2024Capital & shares · Amendment of the…

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Land transport and transport via pipelinesNACE 49200
Founded: 12-12-2012
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Key facts about RegioRail

What is the company number of RegioRail?: 0501.943.128. In Belgium the VAT number is the company number with BE in front: BE 0501.943.128.
Where is RegioRail based?: The registered office is at Ninovesteenweg 190, 9320 Aalst.Company details
What does RegioRail do?: According to the KBO register, the main activity is land transport and transport via pipelines (NACE 49200).
What is the legal form of RegioRail?: Public limited company (NV).
When was RegioRail founded?: On 12-12-2012.
Is RegioRail still active?: Yes, RegioRail is an active enterprise in the KBO register.
What is the turnover of RegioRail?: €19,751 in financial year 2025, according to the filed annual accounts.Financials
Is RegioRail profitable?: In financial year 2025, RegioRail made a loss of €6.2m.
Where can I find the annual accounts of RegioRail?: RegioRail filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of RegioRail due?: By 31-07-2027, for financial year 2026.Timeline