Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 5.3 to 3.8.
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Busy address KBO
80 other companies have their registered office at the same address; threshold 10.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2024
Powerfleet Belgium from Gent, company number BE0884445406, closed financial year 2024 with a result of € 73,393 after tax. For that financial year Powerfleet Belgium recorded a gross margin of € 895,295 and equity of € 1.1 million. Compared with financial year 2023, the result moved from € 65,116 to € 73,393. 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 May 7, 2025.
€ 1.1 million
▲ 7% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 73,393
▲ 13% vs 2023
Profit after tax over the fiscal year.
€ 61,166
▼ 66% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 730,720.
People and assets in 2024
3.8
▼ 0.4 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 823,050
▲ 1% vs 2023
€ 216,600 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.
€ 687
▼ 37% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 13,353
▲ 24% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 114,139
▼ 3% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 742,655 | € 790,731 | € 888,640 | € 895,295 | ▲ 1% |
| Profit after taxes | € 57,939 | € 61,437 | € 65,116 | € 73,393 | ▲ 13% |
| Equity | € 895,774 | € 957,211 | € 1,022,327 | € 1,095,720 | ▲ 7% |
| Total debts | € 689,957 | € 570,616 | € 439,676 | € 455,606 | ▲ 4% |
| Cash | € 73,777 | € 56,643 | € 182,350 | € 61,166 | ▼ 66% |
| Retained profit | € 530,774 | € 592,211 | € 657,327 | € 730,720 | ▲ 11% |
| Balance sheet total | € 1,585,732 | € 1,527,827 | € 1,462,003 | € 1,551,326 | ▲ 6% |
| Employees (FTE) | 6 | 5.3 | 4.2 | 3.8 | ▼ 0.4 |
Key figures of Powerfleet Belgium, fiscal years 2021 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 30 April 2026.
What happened to Powerfleet Belgium?
What happened at Powerfleet Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 73,393 (▲ 13% vs 2023). filed late Source: NBB ↗
- Andonios Lourakis became a director. NBB
- Harald Treur became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 57,939 profit in 2021 to € 73,393 profit in 2024.
Paid € 108,075 in corporate taxes since 2021.
Best year ever: 2024, with € 73,393 profit.
On average € 235,600 of value added per employee in 2024.
A new publication or filing at Powerfleet Belgium? 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
Behind Powerfleet Belgium are Andonios Lourakis and Harald Treur.
Directors
According to the 2024 annual accounts
Andonios Lourakis
Director
since 2015
Harald Treur
Director
since 2015
Establishments
Establishment units
Physical locations of this company
Kerkstraat 108
9050 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 80 companies are registered at this address.
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+75 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
- 0884.445.406
- VAT number
- BE 0884.445.406
- Registered office
- Kerkstraat 108, 9050 Gent
- Names & denominations
- Powerfleet Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 October 2006
- Peppol
- Not registered
- Activities · NACE
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