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 %.
-
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.
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| 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.
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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
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
€ 7.5 million revenue · 2024
Transport LB
€ 310,814 gross margin · 2025
ICONICCARS same network
€ 2,306 gross margin · 2025
Donkervoort Belgium
€ -16,418 gross margin · 2024
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)