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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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
DRIVE-IT from Brugge, company number BE0671920780, closed financial year 2025 with a result of € -172,417 after tax. For that financial year DRIVE-IT recorded a gross margin of € 785,126 and equity of € 63,146. Compared with financial year 2024, the result moved from € 3,244 to € -172,417. The company made a loss. The buffer shrank hard: equity is 73 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on January 5, 2026.
€ 63,146
▼ 73% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -172,417
▼ still € 3,244 profit in 2024
Profit after tax over the fiscal year.
€ 44,252
▼ 38% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 56,946.
People and assets in 2025
12.9
▲ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 745,127
▲ 8% vs 2024
€ 57,800 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.
€ 710,886
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 678,645
▼ 29% vs 2024
€ 194,950 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 112,502
▼ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34,968
▲ 83% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 811,088 | - | - | - | |
| Gross margin | € 543,119 | € 725,404 | € 906,875 | € 785,126 | ▼ 13% |
| Profit after taxes | € 19,700 | € 108,823 | € 3,244 | € -172,417 | ▼ € 175,660 |
| Equity | € 123,495 | € 232,319 | € 235,562 | € 63,146 | ▼ 73% |
| Total debts | € 1,018,274 | € 935,517 | € 1,652,021 | € 1,395,290 | ▼ 16% |
| Cash | € 8,497 | € 6,218 | € 71,418 | € 44,252 | ▼ 38% |
| Retained profit | € 117,295 | € 226,119 | € 229,362 | € 56,946 | ▼ 75% |
| Bank debt | € 171,398 | € 292,176 | € 959,757 | € 678,645 | ▼ 29% |
| Balance sheet total | € 1,141,770 | € 1,167,836 | € 1,887,584 | € 1,458,436 | ▼ 23% |
| Employees (FTE) | 6.2 | 7.9 | 11.9 | 12.9 | ▲ 1 |
Key figures of DRIVE-IT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to DRIVE-IT?
What happened at DRIVE-IT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 172,417 (▼ € 175,660 vs 2024). Source: NBB ↗
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 19,700 profit in 2022 to € 172,417 loss in 2025.
Paid € 1,044 in corporate taxes since 2022.
Best year ever: 2023, with € 108,823 profit.
On average € 60,900 of value added per employee in 2025.
Management
The stake of DNS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DRIVE-ITBehind DRIVE-IT are Annelies Sanders and Didier Dereeper. The shares are held by DNS (100%). It owns 99.9% of 4 RENT itself.
Directors
According to the 2025 annual accounts
Shareholders
100%
Participations
99.9%
Establishments
Establishment units
Physical locations of this company
Kolvestraat 22
8000 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →4 RENT same network
€ 2.3 million gross margin · 2025
KASTAAR same network
€ 405,480 gross margin · 2025
DNS same network
€ 27,771 gross margin · 2025
iEvents For You
Filou
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0671.920.780
- VAT number
- BE 0671.920.780
- Registered office
- Kolvestraat 22, 8000 Brugge
- Names & denominations
- DRIVE-IT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 28 February 2017
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Goederenvervoer over de weg
Activiteiten van holdings
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)
Holdings