Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 7 to 4.5.
Financials
Financial year 2025
Andex-Rent from Zandhoven, company number BE0837078623, closed financial year 2025 with a result of € 679,472 after tax. For that financial year Andex-Rent recorded revenue of € 86.4 million and equity of € 3.9 million. Compared with financial year 2024, the result moved from € -191,440 to € 679,472. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 14, 2026.
€ 3.9 million
▲ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 679,472
▲ still € 191,440 loss in 2024
Profit after tax over the fiscal year.
€ 379,118
▲ 103% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 3.9 million.
People and assets in 2025
4.5
▼ 0.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 374,559
▲ 7% vs 2024
€ 83,200 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.
€ 380,859
▼ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 13.6 million
▲ 88% vs 2024
€ 329,260 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 2.6 million
▲ 91% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 11 days on average.
€ 74,426
▼ 66% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 94,066,376 | € 104,675,527 | € 68,477,108 | € 86,419,410 | ▲ 26% |
| Profit after taxes | € 587,005 | € -1,162,578 | € -191,440 | € 679,472 | ▲ € 870,912 |
| Equity | € 4,608,797 | € 3,446,219 | € 3,254,779 | € 3,934,251 | ▲ 21% |
| Total debts | € 8,878,771 | € 19,186,039 | € 8,941,184 | € 17,410,818 | ▲ 95% |
| Cash | € 139,044 | € 290,641 | € 186,641 | € 379,118 | ▲ 103% |
| Retained profit | € 4,590,197 | € 3,427,619 | € 3,236,179 | € 3,915,651 | ▲ 21% |
| Dividend | € 293,502 | € 0 | € 0 | € 0 | |
| Bank debt | € 6,955,801 | € 16,622,428 | € 7,227,775 | € 13,562,468 | ▲ 88% |
| Balance sheet total | € 13,487,569 | € 23,572,273 | € 13,096,683 | € 22,245,788 | ▲ 70% |
| Employees (FTE) | 12.2 | 7 | 4.8 | 4.5 | ▼ 0.3 |
Key figures of Andex-Rent, 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 Andex-Rent?
What happened at Andex-Rent in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 679,472. filed late Source: NBB ↗
- New establishment in Malle. KBO
- GERMANUS BV became a director. NBB
- UP SE BV became a director. NBB
- New establishment in Zandhoven. KBO
- Start of the company according to the CBE. KBO
In short
From € 587,005 profit in 2022 to € 679,472 profit in 2025.
Paid € 535,581 in corporate taxes since 2022.
Best year ever: 2025, with € 679,472 profit.
Paid out € 293,502 in dividends to the owners in total.
Management
The stake of UP SE, GERMANUS, LEF CONSULTING, OMILETS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Andex-RentBehind Andex-Rent are GERMANUS BV and UP SE BV. The shares are held by UP SE (53.2%), GERMANUS (37.1%), LEF CONSULTING (5%) and OMILETS (4.8%). It owns 100% of Q - FLEET, 100% of S&O Handel, 100% of Five Star Mining, 80% of Bratfort Solutions and 25% of Q-Mobility itself.
Directors
According to the 2025 annual accounts
Director · represented by Lismont Steven
Also active at: Honda Mertens Immo, MOTOR SPRINT, Q-Access, FALCO, KWALIS, ICONICCARS, COLISMO, FESTICUP +19 more
since 2022
since 2022
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Veerstraat 203
2240 Zandhoven
Delften 23 box Hal 84-85
2390 Malle
Active since 14 November 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Q-Access same network
€ 459,364 gross margin · 2025
Transport LB
€ 310,814 gross margin · 2025
ICONICCARS same network
€ 2,306 gross margin · 2025
Donkervoort Belgium
€ -158,003 gross margin · 2025
Q-FLEET same network
€ 17,577 gross margin · 2025
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0837.078.623
- VAT number
- BE 0837.078.623
- Registered office
- Veerstraat 203, 2240 Zandhoven
- Names & denominations
- Andex-Rent
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 20 June 2011
- Peppol
- Active · Active since 2 Mar 2026
- Activities · NACE
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Detailhandel in auto's en lichte bestelwagens (<= 3,5 ton)
Verhuur en lease van vrachtwagens
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Detailhandel in auto's en lichte bestelwagens (= 3,5 ton)