HR Rail
27,811.0 FTEHR Rail reported revenue of €2.37bn for the 2025 financial year (non-consolidated annual accounts filed with the NBB on 03 Jun 2026), with 27,811 full-time equivalents.
By total assets for 2025, HR Rail ranks among the 3 largest of the 11 companies in its sector (NACE 4911) in Belgium that filed accounts for that financial year. Largest companies in the sector →
The score of HR Rail shows with a free account.
See the score- Summary? / 5
- Balance sheet strength
- Liquidity
- Repayment capacity
- Profitability
- Trajectory
- Compliance and register
- Position in its sectorvs peers
- Supplier creditat 30 d
- Borrowing capacityborrowable
- Valuationcentral
Visible once signed in: create your account, the 14-day Pro trial is free.
Key figures 2025
Change 2022 → 2025: Revenue +14 % Equity +22 % Total assets -2 % Headcount (avg FTE) +1 %
Accounts of the company itself (not consolidated). Consolidated group accounts are also filed: they are in the full file.
The full file covers 10 financial years; a free account shows 2. →Deterministic calculation on the filed accounts, no AI. Dispute the score or report an error
HR Rail's annual accounts
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Revenue | €2.37bn | ||||
| Net result | €1.57m | ||||
| Equity | €28.3m | ||||
| Cash | €101.8m | ||||
| EBITDA | 789,372 € | ||||
| Total assets | €549.4m |
Filed annual accounts
- Year ended 31 Dec 2025filed on 03 Jun 2026
- Year ended 31 Dec 2024filed on 06 Jun 2025
- Year ended 31 Dec 2023filed on 10 Jun 2024
- Year ended 31 Dec 2022filed on 12 Jun 2023
- Year ended 31 Dec 2021filed on 09 Jun 2022
HR Rail's financial analysis
- Solvency5.2%sector median: 38.4%
- Current ratio
- Net margin
- ROE
- Financial debt / EBITDA
- Interest coverage
- Days sales outstanding (DSO)
Management and control of HR Rail
HR Rail's publications in the Belgian Gazette
Company number, VAT number and registered office
- Company number (CBE)
- 0541.691.352
- VAT number
- BE0541691352
- Peppol
- Registered · 0208:0541691352 · as of 10 Nov 2026
- Incorporated
- 06 Nov 2013
- Registered office
- 1060 Saint-Gilles
- Size
- Large · 27,811.0 FTE
- Latest accounts
- 2025 · filed on 03 Jun 2026
- Activity
- Passenger heavy rail transport (NACE 49110)
HR Rail has been based in Saint-Gilles since 2013, active in: passenger heavy rail transport. For 2025, it reports revenue of €2.37bn, a net profit of €1.57m and equity of €28.3m. With 27,811.0 full-time equivalents, it is a large enterprise by headcount. Its solvency stands at 5.2%, below the median of its sector (38.4%).
Guide: Checking a Belgian supplier invoice: numbers and IBAN →
Companies similar to HR Rail
Companies in the same business, of comparable size and area, outside its group.
- THI Factory Passenger heavy rail transport Saint-Gilles · balance sheet €671.7m
- Lineas Group Freight rail transport Schaerbeek · balance sheet €263.0m
- Randstad Group Belgium Business and other management consultancy activities Grimbergen · balance sheet €514.5m
- Citeo Sawmilling and planing of wood Brussels · balance sheet €90.1m
- Operateur de Transport de Wallonie Scheduled passenger transport by road Namur · balance sheet €1.91bn
- De Werkvennootschap Buying and selling of own real estate Saint-Josse-ten-Noode · balance sheet €931.6m
- Infrabel Service activities incidental to land transportation Saint-Gilles · balance sheet €25.7bn
- Medway Belgium Freight rail transport Antwerp · balance sheet €32.8m
Frequently asked questions about HR Rail
What is the revenue of HR Rail?
According to the 2025 annual accounts filed with the NBB, the revenue of HR Rail amounts to 2,368,227,721 €.
What is the VAT number of HR Rail?
In Belgium, the VAT number is the company number prefixed with BE: BE0541691352 for HR Rail, if the company is VAT-registered. Its company number (CBE) is 0541.691.352.
Where is the registered office of HR Rail?
According to the CBE register, the registered office of HR Rail is in 1060 Saint-Gilles.
What is the equity of HR Rail?
At the close of the 2025 financial year, the equity of HR Rail amounts to 28,313,321 €, a solvency of 5.2% of total assets.
How many people work at HR Rail?
27,811.0 full-time equivalents on average according to the 2025 social balance sheet.
Who manages HR Rail?
The register lists 5 active mandates at HR Rail. Names and roles are in the full file, with the deeds published in the Belgian Gazette.
How large is HR Rail within its sector?
By total assets for 2025, HR Rail ranks among the 3 largest of the 11 companies in its sector (NACE 4911) in Belgium that filed accounts for that financial year.
The full file of HR Rail
Directors and mandates, ownership network, Gazette deeds, ten years of accounts and ratios, Excel export, and Idonis's analysis in one question.
Open the full file →