Which replaced the XXX?
Belgian State Railways
On 1 September 1926, the assets and operations of the Belgian State Railways were transferred to its successor, the then newly created National Railway Company of Belgium (Dutch: Nationale Maatschappij der Belgische Spoorwegen; French: Société nationale des chemins de fer belges (NMBS/SNCB)), as part of a scheme formulated to eliminate Belgium's then excessive floating debt.
NMBS/SNCB