Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 2 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 16 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
HERTZ BELGIUM from Zaventem, company number BE0401678879, closed financial year 2025 with a result of € -3 million after tax. For that financial year HERTZ BELGIUM recorded revenue of € 40.9 million and equity of € -4.8 million. Compared with financial year 2024, the result moved from € -11.9 million to € -3 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 2, 2026.
€ -4.8 million
▼ € 3 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3 million
▲ 75 % less loss than in 2024
Profit after tax over the fiscal year.
€ 31,482
▼ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -10.2 million.
People and assets in 2025
46.1
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.9 million
▲ 13% vs 2024
€ 84,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 53.8 million
▼ 7% vs 2024
Of which on lease € 53.7 million.
Debts at end 2025
€ 62.3 million
▲ 12% vs 2024
Loans from banks and other lenders, long and short.
€ 8.9 million
▼ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 115 days on average.
€ 3 million
▲ 15% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 42,019,423 | € 36,154,964 | € 40,917,389 | ▲ 13% |
| Profit after taxes | € -2,067,205 | € -11,884,271 | € -2,989,012 | ▲ € 8.9 million |
| Equity | € 10,035,026 | € -1,849,244 | € -4,838,256 | ▼ € 3 million |
| Total debts | € 73,061,467 | € 69,584,743 | € 75,453,928 | ▲ 8% |
| Cash | € 1,200 | € 69,781 | € 31,482 | ▼ 55% |
| Land & buildings | € 1,254,348 | € 1,136,544 | € 1,203,118 | ▲ 6% |
| Retained profit | € 4,652,397 | € -7,231,873 | € -10,220,885 | ▼ € 3 million |
| Bank debt | € 59,551,143 | € 55,620,477 | € 62,262,179 | ▲ 12% |
| Balance sheet total | € 83,711,298 | € 68,506,157 | € 71,305,742 | ▲ 4% |
| Employees (FTE) | 42.4 | 46.3 | 46.1 | ▼ 0.2 |
Key figures of HERTZ BELGIUM, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to HERTZ BELGIUM?
What happened at HERTZ BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 3 million. Source: NBB ↗
- Eric Siewers became a director. NBB
- Glenn Jacobs became a director. NBB
- New establishment in Charleroi. KBO
- New establishment in Zaventem. KBO
- New establishment in Zaventem. KBO
- New establishment in Sint-Gillis (bij-Brussel). KBO
- Start of the company according to the CBE. KBO
In short
From € 2.1 million loss in 2023 to € 3 million loss in 2025.
Paid € 25,315 in corporate taxes since 2023.
Pays suppliers within 115 days on average.
Management
Behind HERTZ BELGIUM are Glenn Jacobs and Eric Siewers. The shares are held by Hertz Holdings Netherlands 2 BV (100%) and The Hertz Corporation (0%).
Directors
According to the 2025 annual accounts
Glenn Jacobs
Director
since 2022
Eric Siewers
Director
since 2024
Shareholders
Hertz Holdings Netherlands 2 BV
100%
The Hertz Corporation
0%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Excelsiorlaan 20
1930 Zaventem
Luchthaven Brussel Nationaal ZN
1930 Zaventem
Active since 1 October 1986
Frankrijkstraat ZN
1060 Sint-Gillis (bij-Brussel)
Active since 1 October 1986
Rue des Frères Wright 8 box 14
6041 Charleroi
Active since 1 April 2008
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0401.678.879
- VAT number
- BE 0401.678.879
- Registered office
- Excelsiorlaan 20, 1930 Zaventem
- Names & denominations
- HERTZ BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 April 1960
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Verhuur van auto's
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)