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EQIN

Absorbed by United Rentals (Belgium) BV KBO/BCE: BE 0437.098.331 subsidiary of Eqin B.V.

Annual accounts 2025

full format, filed on 15-10-2026, 257 days late
€7.5m
▼ 47.7%
€2.8m
▼ 53.8%
€3.0m
▼ 54.0%
€2.3m
▼ 55.7%
50.5%
▲ 4.5 percentage points
1.90
▲ 0.22

Money flows

of every €100 of turnover, €26.83 remains as profit in 2025

Balance sheet

balance sheet total €18.0m on 30-06-2025
What the company ownsHow it is paid for

in €m

in €m

Staff

Men and women7% women

18.8 men and 1.5 women in full-time equivalents in 2025.

€41,082

Men €38,888, women €68,587 per full-time equivalent. Jobs differ, so this is not a pay gap.

-4 people

people who joined people who left

In 2025, nobody joined and 4 people left. Training hours in 2025: 117. Agency workers: 1.1 on average.

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023202220192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 18.0m15.3m11.5m10.2m5.4m6.2m5.7m6.1m5.3m5.8m7.6m6.7m8.4m8.6m7.1m9.1m10.3m7.4m
21/28 1.1m1.6m2.6m3.4m1.4m1.6m1.6m1.9m2.4m3.0m3.5m3.8m4.2m3.9m3.7m4.3m3.7m2.2m
22/27 1.1m1.6m2.6m3.4m1.4m1.6m1.6m1.8m2.4m2.9m3.5m3.8m4.1m3.9m3.7m4.3m3.7m2.2m
22 -0412,802510,767804,663902,628964,8931.1m1.1m1.2m1.3m1.4m1.5m1.6m1.7m1.8m574,328-
23 1.1m1.6m305,695427,129539,119682,999602,256772,9511.2m1.7m2.2m2.3m2.5m2.1m1.9m2.4m3.0m2.1m
24 6,4068,29312,12217,35120,27428,00920,72614,13022,90727,35821,96429,39466,729129,47545,471101,96475,44093,608
25 -01.9m2.4m--------------
26 ----------001,6864,0066,3258,64413,1288,175
28 -05,6005,6005,6005,60014,6009,5009,2009,00010,65029,76040,91040,26140,17940,47938,67929,679
284/8 -05,6005,6005,6005,60014,6009,5009,2009,00010,65029,76040,91040,26140,17940,47938,67929,679
285/8 -05,6005,6005,6005,60014,6009,5009,2009,00010,65029,76040,91040,26140,17940,47938,67929,679
29/58 16.8m13.8m8.9m6.8m4.1m4.6m4.1m4.2m3.0m2.8m4.0m2.9m4.3m4.7m3.4m4.8m6.6m5.1m
29 -017,031---------------
291 -017,031---------------
3 167,258207,413307,122199,961129,820113,646161,560230,415162,768269,025275,124231,660183,369138,529148,855126,997166,019115,959
30/36 167,258207,413307,122199,961129,820113,646161,560230,415162,768269,025275,124231,660183,369138,529148,855126,997166,019115,959
34 167,258207,413307,122199,961129,820113,646161,560230,415162,768269,025275,124231,660183,369138,529148,855126,997166,019115,959
40/41 15.5m10.4m7.9m6.4m2.0m2.6m3.2m3.3m2.5m2.1m2.8m2.2m2.7m3.7m2.4m3.2m5.3m4.1m
40 4.5m3.9m4.9m3.2m2.0m2.6m3.2m3.2m2.5m2.1m2.7m2.0m2.6m3.7m2.4m3.2m5.3m3.9m
41 11.0m6.5m3.0m3.2m16,864--42,3992,589-21,547174,775123,4845702,21815,34228,058147,929
54/58 1.2m3.1m440,53938,0151.9m1.9m697,783725,913220,374407,924957,872403,3481.3m864,607772,7051.4m1.0m909,327
490/1 8,94833,580188,178220,526-6,7552,48421,81221,93722,03420,43233,96719,85730,80136,79739,77041,02745,942
Balance sheet: equity and liabilities
10/49 18.0m15.3m11.5m10.2m5.4m6.2m5.7m6.1m5.3m5.8m7.6m6.7m8.4m8.6m7.1m9.1m10.3m7.4m
10/15 9.1m7.1m2.5m1.9m1.9m2.0m1.6m1.0m488,6541.4m2.4m2.6m3.0m2.6m2.1m2.5m3.0m1.6m
10/11 99,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,200
10 99,20099,20099,20099,200--------------
100 99,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,20099,200
13 9,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,920
130/1 9,9209,9209,9209,920--------------
130 9,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,9209,920
14 9.0m6.9m2.4m1.8m1.8m1.9m1.5m908,856379,5341.3m2.3m2.5m2.9m2.5m2.0m2.4m2.9m1.5m
16 ----25,000----47,850-269,00093,000-16,703---
160/5 ----25,000----47,850-269,00093,000-16,703---
164/5 ----25,000----47,8500269,00093,000-16,703---
17/49 8.9m8.3m9.0m8.3m3.5m4.2m4.1m5.1m4.8m4.3m5.2m3.9m5.3m6.0m5.0m6.6m7.3m5.8m
17 --04.6m--------------
170/4 --04.6m--------------
172 --01.9m--------------
173 --02.6m--------------
42/48 8.8m8.2m8.9m3.7m3.5m4.2m4.1m5.0m4.7m4.3m5.2m3.8m5.3m5.9m5.0m6.5m7.2m5.8m
42 --0917,997--------------
43 --0218,5642.6m2.6m2.6m2.6m2.6m2.3m2.1m1.6m2.4m2.4m2.4m2.1m2.3m1.9m
430/8 --0218,5642.6m2.6m2.6m2.6m2.6m2.3m2.1m1.6m2.4m2.4m2.4m2.1m2.3m1.9m
44 1.7m1.3m2.4m2.2m717,6631.1m1.2m2.2m1.9m1.7m2.7m1.7m2.4m2.9m1.8m2.4m4.3m3.3m
440/4 1.7m1.3m2.4m2.2m717,6631.1m1.2m2.2m1.9m1.7m2.7m1.7m2.4m2.9m1.8m2.4m4.3m3.3m
45 751,624439,224590,135376,617198,648473,306257,515184,050223,308293,358323,362453,295504,477643,417410,549661,403301,804503,751
450/3 572,144233,112367,56392,6584,073174,2572,8581,2251,68722,5535,413-2,410141,1628,049252,79481,009210,655
454/9 179,480206,112222,572283,959194,574299,049254,657182,825221,621270,805317,949453,295502,066502,255402,501408,608220,795293,096
47/48 6.4m6.4m5.9m-1,259----22,97922,97929,790--337,9791.3m237,72928,503
492/3 51,38984,27377,12826,58025,54248,77655,30453,350143,70275,83517,09426,53113,42236,6009,30087,208108,40947,858
Income statement
70/76A 7.6m16.3m11.0m7.7m6.1m10.2m9.7m9.1m7.9m7.3m10.4m9.7m11.4m10.8m8.5m12.3m14.0m7.9m
70 7.5m14.4m10.9m7.7m6.0m10.0m9.4m8.8m7.9m7.2m10.2m9.6m11.4m10.8m8.3m12.3m14.0m7.9m
74 102,23068,27816,75433,937--------------
76A 6,5761.9m45,065-55,846264,283303,833248,469246,936333,158---1,800----
60/66A 4.9m10.3m9.9m7.5m6.1m9.7m9.0m8.4m8.8m8.4m10.3m10.1m10.7m9.9m8.5m10.9m11.7m7.3m
60 3.0m6.1m5.9m3.5m2.5m5.2m4.5m4.1m3.5m3.1m4.3m3.5m3.4m3.5m2.3m3.7m4.9m2.3m
600/8 3.0m6.0m6.0m3.6m2.5m5.1m4.5m4.0m3.5m3.1m4.3m3.6m3.5m3.6m2.3m3.7m4.9m2.3m
609 7,44478,658-104,229-64,845-16,174139,7217,97112,71143,317-12,980-53,771-72,872-77,639-10,0544,62334,634-42,5828,985
61 645,6771.7m1.8m1.6m1.3m1.9m1.5m1.5m1.6m1.6m2.3m2.0m2.9m2.1m2.1m2.5m2.2m1.7m
62 833,9701.8m1.6m1.6m1.9m2.3m2.3m2.1m2.7m2.6m3.0m3.2m2.9m3.1m3.0m3.0m2.7m2.2m
630 256,833578,152719,225618,974332,901431,365586,345691,056796,913905,7891.0m1.0m1.2m922,950957,6501.4m1.5m962,795
631/4 49,346116,451-90,807-13,200-39,820-196,398185,63031,59756,041-203,609-65,67220,893-30,573129,518109,130188,680346,681118,707
635/8 ----25,000----47,85047,850-269,000176,00093,000-16,70316,703---
640/8 39212,46041,874122,48580,167101,27738,43344,686214,627353,768144,129122,064204,41740,67349,69949,21542,94234,408
66A 32,96768,23844,080----------13,782----
9901 2.8m6.0m1.1m229,912-50,186514,489632,970641,915-918,528-1.1m18,302-380,930703,055936,75244,4351.5m2.2m614,900
75/76B 070,19584,582168,805-656---1842964,0903,1541,62419,48244,56432,3167,314
75 070,19584,582168,805-656---1842964,0903,1541,62419,48244,56432,3167,314
751 054,98584,582144,463---001842964,0903,1541,6243,55720,84432,3167,314
752/9 015,210024,3420656--------15,92523,720--
65/66B 11,787176,046212,442189,05574,69474,61774,841111,367227,313219,199205,76779,826106,997110,204129,511153,988152,81563,548
65 11,787176,046212,442189,05574,69474,61774,841111,367227,313219,199205,76779,826106,997110,204129,511153,988152,81563,548
650 0174,600191,632180,23171,59169,85468,539106,403222,429213,928201,46077,922105,600109,500120,829153,988152,81563,548
652/9 11,7871,44620,8108,8243,1044,7636,3024,9654,8835,2714,3081,9041,3977048,682---
9903 2.8m5.9m925,107209,662-124,880440,528558,129530,547-898,904-982,748-187,170-456,666599,211816,190-65,5951.4m2.1m558,666
67/77 736,2131.3m352,9761,9103,7775,3111,3251,2251,3382,7793,3612,813220,434280,7135,073490,113758,812213,103
670/3 736,2131.5m352,9761,9103,7775,3111,3251,2251,3382,7793,3612,813220,434280,7135,073495,256758,812213,103
77 0140,105-------------5,143--
9904 2.0m4.6m572,131207,752-128,658435,217556,804529,322-900,242-985,527-190,530-459,478378,778535,476-70,668872,7651.4m345,564
9905 2.0m4.6m572,131207,752-128,658435,217556,804529,322-900,242-985,527-190,530-459,478378,778535,476-70,668872,7651.4m345,564
Appropriation of the result
9906 9.0m6.9m2.4m1.8m1.8m1.9m1.5m908,856379,5341.3m2.3m2.5m2.9m2.5m2.3m3.7m2.9m1.5m
14P 6.9m2.4m1.8m1.6m--------------
691/2 -----------------4
6920 -----------------4
694/7 --------------338,0001.3m--
694 --------------338,0001.3m--
Social balance sheet
9087 20.322.921.123.829.635.237.434.837.137.342.648.243.745.24847.440.935.5
Men (FTE)1003 18.820.618.922.526.430.232.43033.835.340.646.2------
Women (FTE)1003 1.52.32.21.33.2554.83.3222------
Agency workers1501 1.11.3-9.336.31.81.52.63.72.50.86.60.10.54.32.61.2
Hours worked1013 16,26135,48832,03135,43949,78258,30460,90456,78261,60061,09970,21280,50173,90176,62481,26179,12068,09260,997
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 16 older financial years (1989-2005) were filed as documents without figures as data, scans for example.

The notes to these accounts have 48 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 15-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 257 days after the deadline. Filed on 15 October 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00560459.

Financial year Type Filed Reference Document
30-06-2025 full format 15-10-2026 2026-00560459 PDF
31-12-2024 full format 01-07-2025 2025-00229244 PDF
31-12-2023 full format 27-06-2024 2024-00175560 PDF
31-12-2022 full format 31-08-2023 2023-00399644 PDF
31-12-2021 full format 22-11-2022 2022-20527419 PDF
31-12-2020 full format 15-11-2022 2022-20520738 PDF
31-12-2019 full format 28-08-2020 2020-46500010 PDF
31-12-2018 full format 25-07-2019 2019-38200486 PDF
31-12-2017 full format 10-09-2018 2018-62500213 PDF
31-12-2016 full format 11-09-2017 2017-60900024 PDF
31-12-2015 full format 30-08-2016 2016-57800111 PDF
31-12-2014 full format 11-09-2015 2015-58800144 PDF
31-12-2013 full format 09-07-2014 2014-29100218 PDF
31-12-2012 full format 11-07-2013 2013-29500339 PDF
31-12-2011 full format 28-08-2012 2012-53500098 PDF
31-12-2010 full format 29-08-2011 2011-48400484 PDF
31-12-2009 full format 11-08-2010 2010-41600229 PDF
31-12-2008 full format 31-07-2009 2009-53900061 PDF
31-12-2007 full format 15-09-2008 2008-73300030 PDF
31-12-2006 full format 26-07-2007 2007-50500102 PDF
31-12-2005 full format 22-06-2006 2006-29701882 PDF
31-12-2004 full format 23-11-2005 2005-86801405 PDF
31-12-2003 full format 23-09-2004 2004-66201858 PDF
31-12-2002 full format 09-10-2003 2003-73800221 PDF
31-12-2001 full format 20-08-2002 2002-48702613 PDF
31-12-2000 full format 16-08-2001 2001-50501579 PDF
31-12-1999 full format 29-06-2000 2000-32203225 PDF
31-12-1998 full format 22-06-1999 1999-21301833 PDF
31-12-1997 full format 15-06-1998 1998-18501038 PDF
31-12-1996 full format 01-07-1997 1997-25303351 PDF
31-12-1995 full format 31-12-1996 1996-55602917 PDF
31-12-1993 full format 12-09-1994 1994-39103643 PDF
31-12-1992 full format 25-10-1993 1993-40901908 PDF
31-12-1991 full format 01-07-1992 1992-18101443 PDF
31-12-1990 full format 20-06-1991 1991-11102591 PDF
31-12-1989 full format 19-06-1990 1990-09504908 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023202220192018201720162015201420132012201120102009200820072006
3.0m6.6m1.8m848,886282,715945,8531.2m1.3m-121,615-191,1021.0m646,8101.9m1.9m1.0m2.9m3.8m1.6m
2.3m5.1m1.3m826,726204,244866,5821.1m1.2m-103,329-79,738821,690568,2621.6m1.5m886,9832.3m2.9m1.3m
350,3052.5m3,0671.5m98,826457,609377,369245,298269,454399,898873,822794,2251.5m1.2m337,6432.1m3.1m1.4m
-1.9m2.6m402,524-8,1291.2m-28,130505,539-187,550-549,948554,524-902,697441,43991,902-585,860343,328105,910-
8.0m5.6m-52,2803.1m562,226439,53627,609-781,314-1.7m-1.4m-1.1m-947,763-1.0m-1.2m-1.6m-1.7m-616,745-601,940
36.8%41.6%9.6%3.0%-0.8%5.2%6.8%7.3%-11.7%-15.2%0.2%-4.0%6.2%8.7%0.5%12.0%16.1%7.8%
50.5%46.0%21.8%18.9%34.5%32.2%27.7%16.7%9.2%24.0%31.4%38.3%36.0%30.7%29.6%27.7%28.9%21.6%
1.901.680.991.841.161.111.010.840.630.660.780.750.810.790.680.730.910.90
1.881.650.961.791.121.080.970.800.590.600.730.690.770.770.650.720.890.88
0.981.173.604.301.882.102.614.989.913.132.181.501.752.262.372.612.463.63
22.2%64.6%22.9%10.8%-6.8%21.7%35.4%52.0%-184.2%-71.0%-8.0%-17.9%12.5%20.2%-3.3%34.6%46.1%21.6%
11.2%29.7%5.0%2.0%-2.4%7.0%9.8%8.7%-16.9%-17.1%-2.5%-6.9%4.5%6.2%-1.0%9.6%13.3%4.7%
-37.609.254.713.9513.5417.7912.53-0.55-0.895.128.3018.1916.988.2918.7024.8024.83
217 days99 days162 days152 days123 days95 days125 days133 days118 days107 days99 days78 days84 days125 days107 days96 days139 days182 days
167 days63 days113 days156 days68 days57 days73 days147 days134 days128 days152 days115 days138 days186 days153 days142 days223 days304 days

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Social balance sheet

Item30-06-202531-12-202431-12-202331-12-2022
Employees at the balance-sheet date19232125
full-time18222023
part-time1112
in full-time equivalents18.522.520.524.3
20.322.921.123.8
On a permanent contract19232125
Joined0576
Left43119
Agency workers, average number1.11.3-9.3
Training hours117161-21

Source: social balance sheet in the 2022 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item30-06-2025202420232022
Debts secured on the company's own assets---€5.7m
Mortgages, amount registered---€25,000
---€2.0m
Carrying value of the mortgaged assets---€510,767
---€3.6m

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item30-06-2025202420232022
Tangible fixed assets€350,305€2.5m€3,067€1.5m
€256,833€578,152€719,225€618,974

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item30-06-2025202420232022
Fee for the audit€17,261€21,405€15,500€15,500
Other work by the auditor€4,523€2,750--
Work by persons linked to the auditor-€1,363--

Source: notes to the 2022 to 2025 annual accounts (relations with the auditor)

Insights on EQIN

The operating result for 2025 is 54% lower than in 2024.

Debt's share of the balance-sheet total falls from 54.0% to 49.5%. Equity and debt are higher.

Large changes and their cause
  • 2025 Net result -56% on 2024. Last accounts before the absorption by United Rentals (Belgium) BV (effective 01-11-2025). This financial year ran 6 months, the previous one 12.