Financials
Financial year 2025
THE GREEN POWERFLEET from Zulte, company number BE0502848592, closed financial year 2025 with a result of € 1.1 million after tax. For that financial year THE GREEN POWERFLEET recorded revenue of € 4.1 million and equity of € 4.9 million. Compared with financial year 2024, the result moved from € 1 million to € 1.1 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 4.9 million
▲ 17% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▲ 6% vs 2024
Profit after tax over the fiscal year.
€ 242,405
▲ 130% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 337,107 paid out
32 % of the profit went to the shareholders, mostly to LOC-FIVE (100 % of the shares). That is where the money ends up.
People and assets in 2025
4.8
▲ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 394,501
▲ 124% vs 2024
€ 82,200 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.
€ 2,971
▼ 43% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
Loans from banks and other lenders, long and short.
€ 593,785
▲ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 106 days on average.
€ 65,763
▼ 59% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 3,627,903 | € 4,076,575 | ▲ 12% |
| Gross margin | € 1,690,912 | € 3,070,785 | - | - | |
| Profit after taxes | € 906,986 | € 1,228,348 | € 1,008,475 | € 1,065,082 | ▲ 6% |
| Equity | € 2,149,261 | € 3,158,749 | € 4,164,938 | € 4,888,696 | ▲ 17% |
| Total debts | € 1,064,336 | € 944,570 | € 873,314 | € 2,415,022 | ▲ 177% |
| Cash | € 538,798 | € 336,579 | € 105,417 | € 242,405 | ▲ 130% |
| Retained profit | € 2,106,761 | € 3,116,249 | € 4,122,438 | € 4,846,196 | ▲ 18% |
| Dividend | € 131,720 | € 217,860 | € 0 | € 337,107 | |
| Bank debt | € 0 | € 300,000 | € 0 | € 1,000,000 | |
| Balance sheet total | € 3,213,597 | € 4,103,319 | € 5,038,252 | € 7,303,718 | ▲ 45% |
| Employees (FTE) | 1 | 1 | 2.2 | 4.8 | ▲ 2.6 |
Key figures of THE GREEN POWERFLEET, fiscal years 2022 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 THE GREEN POWERFLEET?
What happened at THE GREEN POWERFLEET in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.1 million (▲ 6% vs 2024). Source: NBB ↗
- Locquet Holding BV became a director. NBB
- New establishment in Kruisem. KBO
- Start of the company according to the CBE. KBO
In short
From € 906,986 profit in 2022 to € 1.1 million profit in 2025.
Paid € 1.4 million in corporate taxes since 2022.
Best year ever: 2023, with € 1.2 million profit.
On average € 3.1 million of value added per employee in 2023.
Management
The stake of LOC-FIVE comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
THE GREEN POWERFLEETBehind THE GREEN POWERFLEET is Locquet Holding BV. The shares are held by LOC-FIVE (100%).
Directors
According to the 2025 annual accounts
Director · represented by Vincent Locquet
Also active at: Intermetal-Motor, LOCQUET POWER & LIGHT, WARLOP INVEST, LOC-FIVE
since 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zonnelaan 83
9870 Zulte
Karreweg(KRU) 139 box A000
9770 Kruisem
Active since 30 January 2013
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0502.848.592
- VAT number
- BE 0502.848.592
- Registered office
- Zonnelaan 83, 9870 Zulte
- Names & denominations
- THE GREEN POWERFLEET
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 January 2013
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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