Freight rail transport
52 Belgian companies whose main activity falls under NACE code 4920 have filed annual accounts. Their median solvency is 22.7% for financial year 2024.
Sector medians
Computed by IdonisDistribution across the sector's companies for financial year 2024: a quarter of companies sit below the 1st quartile, half below the median, three quarters below the 3rd quartile.
| Indicator | 1st quartile | Median | 3rd quartile | Companies |
|---|---|---|---|---|
| Solvency | 9.5% | 22.7% | 52.8% | 43 |
| Current ratio | 0.70 | 1.16 | 1.72 | 42 |
| ROE | -1.1% | 7.7% | 46.0% | 35 |
| Equity | 15,067 € | 103,403 € | €1.15m | 43 |
| Total assets | 157,801 € | 856,341 € | €8.11m | 43 |
| Net result | −5,241 € | 5,431 € | 100,984 € | 43 |
| Headcount (avg FTE) | 2.4 | 6.0 | 52.0 | 23 |
Medians computed by Idonis from annual accounts filed with the National Bank, all sizes combined. The same panel is the sector benchmark on every company page. Method
Largest companies: Freight rail transport
Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | Lineas 1030 Schaerbeek | €290.1m | €431.9m | €55.0m | 841.2 | 2025 |
| 2 | Lineas Group 1030 Schaerbeek | €263.0m | 14,491 € | €177.2m | — | 2025 |
| 3 | Northern Diabolo 1800 Vilvoorde | €211.1m | €56.3m | −€90.2m | — | 2025 |
| 4 | Move Intermodal 3600 Genk | €43.0m | €114.6m | €8.65m | 40.4 | 2025 |
| 5 | Medway Belgium 2030 Antwerp | €32.8m | €38.4m | 451,219 € | 59.4 | 2025 |
| 6 | RegioRail 9320 Aalst | €21.3m | 19,751 € | €10.1m | — | 2025 |
| 7 | BLS Cargo Nord 2140 Antwerp | €20.3m | €111.1m | €4.88m | 186.3 | 2025 |
| 8 | Eurotunnel S.E. 1000 Brussels | €18.1m | €132.0m | €2.64m | 3.1 | 2024 |
| 9 | DB Cargo Belgium 2030 Antwerp | €14.4m | €52.0m | €2.38m | 239.6 | 2025 |
| 10 | Railtraxx 2000 Antwerp | €10.8m | €33.2m | −€10.3m | 105.9 | 2025 |
| 11 | Nortraffic 9940 Evergem | €10.4m | €12.8m | 289,515 € | 79.0 | 2025 |
| 12 | RTB Cargo Belgium 2030 Antwerp | €6.06m | — | €3.63m | 43.7 | 2025 |
| 13 | Eurorail 9320 Aalst | €5.48m | €12.4m | €2.35m | 4.7 | 2025 |
| 14 | John Cockerill Traction 7170 Manage | €4.64m | €8.19m | €1.11m | 53.0 | 2025 |
| 15 | Trafiqurail 1030 Schaerbeek | €4.03m | — | 836,105 € | — | 2024 |
| 16 | Manuport Africa Logistics 2030 Antwerp | €3.56m | — | 593,554 € | 4.4 | 2025 |
| 17 | NWM Europe 9940 Evergem | €3.33m | — | €1.05m | 5.7 | 2025 |
| 18 | Flying Logistics 4460 Grâce-Hollogne | €2.64m | — | 526,991 € | 19.6 | 2026 |
| 19 | Intercontainer - Interfrigo, Societe Internationale Pour LE Developpement DU Transport Combine ET DU Transport Sous Temperature Dirigee 1082 Berchem-Sainte-Agathe | €1.85m | — | −€21.9m | — | 2025 |
| 20 | TCA Rail 6791 Aubange | €1.49m | €5.37m | 507,194 € | 9.4 | 2025 |
“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.
Where are they based?
Municipalities with the most
- 2030 Antwerp5
- 1030 Schaerbeek3
- 1070 Anderlecht3
- 1082 Berchem-Sainte-Agathe2
- 1800 Vilvoorde (Peutie)2
- 1930 Zaventem (Nossegem)2
- 2018 Antwerp2
- 4460 Grâce-Hollogne (Bierset, Grâce-Berleur, Hollogne-Aux-Pierres, …)2
- 9320 Aalst (Erembodegem, Nieuwerkerken)2
- 9940 Evergem (Ertvelde, Kluizen, Sleidinge)2
- 1000 Brussels1
- 1020 Brussels (Laeken)1
Related sectors
← The whole Land transport and transport via pipelines sector (NACE 49)
- 4941 Freight transport by road8,081
- 4933 On-demand passenger transport service activities by vehicle with driver2,245
- 4932 Non-scheduled passenger transport by road860
- 4931 Scheduled passenger transport by road579
- 4942 Removal services496
- 4950 Transport via pipeline40
- 4911 Passenger heavy rail transport14
Frequently asked questions
How many Freight rail transport companies are there in Belgium?
52 Belgian companies whose main activity falls under NACE code 4920 (Freight rail transport) have filed annual accounts with the National Bank.
What is the median solvency in Freight rail transport?
For financial year 2024, median solvency (equity over total assets) is 22.7%. The middle half of companies lies between 9.5% and 52.8% (43 companies).
What is the largest company in Freight rail transport?
By total assets, it is Lineas (€290.1m, financial year 2025).
Where are Freight rail transport companies based?
The municipalities with the most: Antwerp (5), Schaerbeek (3), Anderlecht (3).
Analyse companies in Freight rail transport
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Open the full file →Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 10 Oct 2026.