Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 1 of the last 2 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
Europcar from Elsene, company number BE0413087168, closed financial year 2024 with a result of € -33.7 million after tax. For that financial year Europcar recorded revenue of € 45.6 million and equity of € -10.1 million. Compared with financial year 2023, the result moved from € -6.9 million to € -33.7 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 September 22, 2025.
€ -10.1 million
▼ € 13.7 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33.7 million
▼ 386 % more loss than in 2023
Profit after tax over the fiscal year.
€ 1.3 million
▲ 28% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -33.5 million.
People and assets in 2024
81.1
▼ 1.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 5.8 million
▼ 10% vs 2023
€ 71,400 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.
€ 931,161
▼ 97% vs 2023
Of which on lease € 888,265.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 2.6 million
▼ 51% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 17 days on average.
€ 2 million
▼ 16% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|
| Revenue | € 54,947,748 | € 45,595,620 | ▼ 17% |
| Profit after taxes | € -6,933,822 | € -33,711,048 | ▼ € 26.8 million |
| Equity | € 3,608,193 | € -10,102,855 | ▼ € 13.7 million |
| Total debts | € 67,700,133 | € 26,072,302 | ▼ 61% |
| Cash | € 1,038,749 | € 1,332,597 | ▲ 28% |
| Retained profit | € -8,791,059 | € -33,460,067 | ▼ € 24.7 million |
| Bank debt | € 50,435,865 | € 0 | ▼ 100% |
| Balance sheet total | € 73,350,583 | € 19,261,494 | ▼ 74% |
| Employees (FTE) | 82.9 | 81.1 | ▼ 1.8 |
Key figures of Europcar, fiscal years 2023 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Europcar?
What happened at Europcar in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Helder Carlos Baixinho De Carvalho stepped down as director. NBB
- Joost van Houwelingen stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 33.7 million. filed late Source: NBB ↗
- Thomas Gausset stepped down as director. NBB
- Steven Roger Pauwels stepped down as director. NBB
- Joost van Houwelingen became a director. NBB
- Helder Carlos Baixinho De Carvalho became a director. NBB
- Steven Roger Pauwels became a director. NBB
In short
From € 6.9 million loss in 2023 to € 33.7 million loss in 2024.
Paid € 12,500 in corporate taxes since 2023.
Pays suppliers within 17 days on average.
A new publication or filing at Europcar? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2024 annual accounts
Thomas Gausset
Chairman of the board
since 2021 · until 2025
Helder Carlos Baixinho De Carvalho
Director
since 2023 · until 2029
Steven Roger Pauwels
Managing director
since 2021 · until 2024
Joost van Houwelingen
Managing director
since 2024 · until 2029
Establishments
Establishment units
Physical locations of this company
Louizalaan 231
1050 Elsene
Luchthaven Brussel Nationaal ZN
1930 Zaventem
Active since 1 May 1973
Pelikaanstraat 3
2018 Antwerpen
Active since 28 March 1973
Fonsnylaan 46 box 27
1060 Sint-Gillis (bij-Brussel)
Active since 28 March 1973
Avenue Vésale 4
1300 Wavre
Active since 5 January 2003
Rue des Frères Wright 8
6041 Charleroi
Active since 28 March 1973
Boomse Steenweg 73
2627 Schelle
Active since 30 July 2008
Brixtonlaan 43
1930 Zaventem
Active since 1 January 2010
W.A. Mozartlaan 3
1620 Drogenbos
Active since 1 November 2015
Rue Grande 191A
7020 Mons
Active since 1 July 2020
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Website info
Features
Details
- Company number
- 0413.087.168
- VAT number
- BE 0413.087.168
- Registered office
- Louizalaan 231, 1050 Elsene
- Names & denominations
- Europcar
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 March 1973
- Peppol
- Active · Active since 20 Oct 2025
- Contact
- europcar.be
- Activities · NACE
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