FLEETCO
ActiveFinancials · financial year 2026, full format
Annual accounts 2026 filed on 30-09-2026 at the NBB all 44 filings
Turnover
€85.9m▲ 2.7%
2025 · €83.6m
EBIT margin
6.6%▼ 0.7pp
2025 · 7.3%
Net result
€1.9m▼ 13.6%
2025 · €2.2m
Working capital
-€52.3m
2025 · €11.6m
In the rankings
#1 company by total assets in Halle, Administrative and support services sector#1 company by equity in Halle, Administrative and support services sector#4 oldest company in Halle, Administrative and support services sector
Trend over the years
2022 to 2026, 5 financial years 2019 to 2026, 8 financial years
The operating result for 2026 is 7% lower than in 2025.
Turnover€85.9m
2026
Operating result€5.7m
2026
Net result€1.9m
2026
Total assets€189.7m
2026
Equity€57.0m
2026
Debt€132.7m
2026
Working capital-€52.3m
2026
EBIT margin6.6%
2026
Return on assets (ROA)1.0%
2026
Solvency30.1%
2026
Current ratio0.35
2026
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20192020202120222023202420252026
Turnover€26.0m-€31.8m▲ 22.3%€37.4m▲ 17.9%€61.8m▲ 65.1%€71.5m▲ 15.7%€74.1m▲ 3.6%€83.6m▲ 12.9%€85.9m▲ 2.7%
Operating result€0.4m-€1.9m▲ 430%€3.6m▲ 93.8%€7.8m▲ 113%€10.6m▲ 36.2%€5.5m▼ 48.0%€6.1m▲ 11.3%€5.7m▼ 6.6%
Net result€0.2m-€1.2m▲ 525%€2.6mabove the sector's middle half▲ 110%€5.6mabove the sector's middle half▲ 119%€7.4mabove the sector's middle half▲ 31.1%€2.1mabove the sector's middle half▼ 72.2%€2.2mabove the sector's middle half▲ 6.8%€1.9m▼ 13.6%
EBIT margin1.4%-5.9%▲ 4.5pp9.7%▲ 3.8pp12.5%▲ 2.8pp14.8%▲ 2.2pp7.4%▼ 7.4pp7.3%▼ 0.1pp6.6%▼ 0.7pp
Equity€34.0m-€35.3m▲ 3.6%€37.8mabove the sector's middle half▲ 7.3%€43.5mabove the sector's middle half▲ 14.9%€50.9mabove the sector's middle half▲ 17.0%€52.9mabove the sector's middle half▲ 4.0%€55.1mabove the sector's middle half▲ 4.2%€57.0m▲ 3.4%
Total assets€61.1m-€72.2m▲ 18.2%€91.7mabove the sector's middle half▲ 27.1%€111.1mabove the sector's middle half▲ 21.2%€123.1mabove the sector's middle half▲ 10.8%€145.0mabove the sector's middle half▲ 17.8%€185.5mabove the sector's middle half▲ 28.0%€189.7m▲ 2.3%
Debt€27.0m-€36.9m▲ 36.6%€53.9m▲ 45.9%€67.6m▲ 25.5%€72.2m▲ 6.8%€92.0m▲ 27.5%€130.4m▲ 41.7%€132.7m▲ 1.8%
Working capital-€23.5m--€32.8m▼ 39.7%-€45.2mbelow the sector's middle half▼ 37.7%-€53.3mbelow the sector's middle half▼ 17.9%-€57.2mbelow the sector's middle half▼ 7.3%-€20.4mbelow the sector's middle half▲ 64.4%€11.6mabove the sector's middle half-€52.3m
Solvency55.7%-48.9%▼ 6.9pp41.3%within the sector's middle half▼ 7.6pp39.1%within the sector's middle half▼ 2.1pp41.3%within the sector's middle half▲ 2.2pp36.5%within the sector's middle half▼ 4.8pp29.7%within the sector's middle half▼ 6.8pp30.1%▲ 0.3pp
Current ratio0.13-0.11▼ 0.020.16below the sector's middle half▲ 0.050.21below the sector's middle half▲ 0.050.21below the sector's middle half=0.42below the sector's middle half▲ 0.221.45within the sector's middle half▲ 1.020.35▼ 1.10
Return on assets (ROA)0.3%-1.7%▲ 1.4pp2.8%within the sector's middle half▲ 1.1pp5.1%within the sector's middle half▲ 2.3pp6.0%within the sector's middle half▲ 0.9pp1.4%within the sector's middle half▼ 4.6pp1.2%within the sector's middle half▼ 0.2pp1.0%▼ 0.2pp
above
within
below
The sector band is the middle half of the companies in Rental and leasing activities (NACE 77). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €189.7m
Fixed assets
€161.6m ▲ 9.1%
Current assets
€28.1m ▼ 25.0%
Equity and liabilities €189.7m
Equity
€57.0m ▲ 3.4%
Provisions
€46,467 ▼ 10.5%
Debt
€132.7m ▲ 1.8%
Debt's share of the balance-sheet total falls from 70.3% to 69.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€45.2m▼
2025 · €52.8m
Cash flow
€41.4m▼
2025 · €48.9m
Debt to equity
2.33▼
2025 · 2.36
ROE
3.3%▼
2025 · 4.0%
Interest coverage
12.98▼
2025 · 16.30
Debt ≤ 1 year
€80.4m▲
2025 · €25.9m
Debt > 1 year
€52.3m▼
2025 · €104.5m
Income taxes
€474,655▼
2025 · €704,092
Customer credit
66 days▲
2025 · 65 days
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Comparable companies
These companies have the same main activity as FLEETCO: renting and leasing of cars and light motor vehicles (NACE 77110). They are comparable in size and age: total assets between €98m and €295m, founded between 1970 and 1998.
| Company | Founded | Total assets | Equity | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|
| FLEETCO Halle | 1982 | €189.7m | €57.0m | €85.9m | €1.9m | - | 2026 |
| GENERAL LEASE Tongeren | 1987 | €161.4m | €29.4m | €73.6m | €18.8m | 42.3 | 2025 |
| VANCIA MOBILITY LEASE Kortrijk | 1970 | €231.9m | €76.9m | €85.0m | €2.7m | 39.7 | 2025 |
| Van Mossel Westlease Antwerpen | 1983 | €294.9m | €39.9m | €92.1m | €9.9m | 19.2 | 2025 |
| HOET TRUCKING & RENTING Hooglede | 1987 | €202.0m | €57.7m | €181.1m | €2.2m | 26.3 | 2025 |
| AVIS BELGIUM Machelen (Brab.) | 1976 | €97.6m | €41.3m | €29.9m | -€0.7m | 82.7 | 2024 |
| H. ESSERS TRANSPORT COMPANY Genk | 1998 | €127.1m | €64.6m | €98.6m | €0.7m | 654.3 | 2025 |
They were chosen from the 783 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 513 companies had the same profile as FLEETCO has now. Two years later, 0.8% had gone bankrupt and 96.1% were still going.
- Large
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.8%
went bankrupt
3.1%
stopped otherwise
96.1%
was still going
That fits the bankruptcy probability of FLEETCO itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 513 companies, not a prediction for FLEETCO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Subsidies and aid
Flemish government
2024 · 1 entry · €4,375 awarded · €4,375 paidSchemes
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €65.3m | €76.4m | €82.2m | €91.6m | €87.1m | ▼ 4.9% |
| Turnover70 | €26.0m | €31.8m | €37.4m | €61.8m | €71.5m | €74.1m | €83.6m | €85.9m | ▲ 2.7% |
| Other operating income74 | - | - | - | €3.5m | €4.9m | €8.1m | €8.0m | €1.2m | ▼ 84.6% |
| Operating charges60/66A | - | - | - | €57.5m | €65.8m | €76.7m | €85.5m | €81.4m | ▼ 4.8% |
| Services and other goods61 | - | - | - | €20.3m | €27.4m | €33.1m | €35.7m | €39.6m | ▲ 10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17.9m | €22.0m | €26.3m | €33.5m | €35.6m | €40.2m | €46.7m | €39.5m | ▼ 15.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.006m | €0.03m | €0.04m | -€0.04m | -€0.02m | ▲ 46.5% |
| Other operating charges640/8 | - | - | - | €3.7m | €2.8m | €3.4m | €3.1m | €2.4m | ▼ 23.3% |
| Non-recurring operating charges66A | - | - | - | - | - | €0 | €0 | €0 | ▼ 83.3% |
| Operating profit (loss)9901 | €0.4m | €1.9m | €3.6m | €7.8m | €10.6m | €5.5m | €6.1m | €5.7m | ▼ 6.6% |
| Financial income75/76B | - | - | - | €0.003m | €0.002m | €341 | €0.03m | €0.1m | ▲ 425% |
| Recurring financial income75 | €0.007m | €0.01m | €0.005m | €0.003m | €0.002m | €341 | €0.03m | €0.1m | ▲ 425% |
| Income from financial fixed assets750 | - | - | - | - | - | €341 | - | - | - |
| Income from current assets751 | - | - | - | - | - | - | €0.03m | €0.1m | ▲ 425% |
| Other financial income752/9 | - | - | - | €0.003m | €0.002m | - | - | - | - |
| Financial charges65/66B | - | - | - | €0.3m | €0.9m | €2.8m | €3.2m | €3.5m | ▲ 7.4% |
| Recurring financial charges65 | €0.1m | €0.1m | €0.2m | €0.3m | €0.9m | €2.8m | €3.2m | €3.5m | ▲ 7.4% |
| Debt charges650 | €0.1m | €0.1m | €0.2m | €0.3m | €0.9m | €2.8m | €3.2m | €3.5m | ▲ 7.4% |
| Other financial charges652/9 | - | - | - | €197 | €262 | €0.001m | €253 | €261 | ▲ 3.1% |
| Profit (loss) for the period before taxes9903 | €0.2m | €1.7m | €3.5m | €7.5m | €9.7m | €2.6m | €2.9m | €2.4m | ▼ 18.3% |
| Transfer from deferred taxes780 | - | - | - | - | - | €0.003m | €0.003m | €0.005m | ▲ 80.7% |
| Transfer to deferred taxes680 | - | - | - | €0.02m | €0.04m | - | - | - | - |
| Income taxes67/77 | €0.04m | €0.5m | €0.9m | €1.8m | €2.2m | €0.6m | €0.7m | €0.5m | ▼ 32.6% |
| Taxes670/3 | - | - | - | €1.8m | €2.2m | €0.6m | €0.7m | €0.6m | ▼ 18.2% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €0.02m | €0.007m | - | - | €0.1m | - |
| Profit (loss) for the period9904 | €0.2m | €1.2m | €2.6m | €5.6m | €7.4m | €2.1m | €2.2m | €1.9m | ▼ 13.6% |
| Transfer from tax-exempt reserves789 | - | - | - | - | - | €0.008m | €0.009m | €0.02m | ▲ 80.7% |
| Transfer to tax-exempt reserves689 | - | - | - | €0.2m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 22.3% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €1.2m | €2.6m | €5.5m | €7.2m | €1.9m | €2.1m | €1.8m | ▼ 12.6% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €61.1m | €72.2m | €91.7m | €111.1m | €123.1m | €145.0m | €185.5m | €189.7m | ▲ 2.3% |
| Fixed assets21/28 | €57.6m | €68.1m | €83.1m | €96.8m | €108.1m | €129.9m | €148.1m | €161.6m | ▲ 9.1% |
| Tangible fixed assets22/27 | €57.6m | €68.1m | €83.1m | €96.8m | €108.1m | €129.9m | €148.1m | €161.6m | ▲ 9.1% |
| Plant, machinery and equipment23 | - | - | - | €0.9m | €1.6m | €2.6m | €3.6m | €6.0m | ▲ 66.7% |
| Furniture and vehicles24 | - | - | - | €95.8m | €106.4m | €118.3m | €137.0m | €149.7m | ▲ 9.3% |
| Leasing and similar rights25 | - | - | - | - | - | €9.0m | €7.5m | €5.9m | ▼ 20.8% |
| Assets under construction and advance payments27 | - | - | - | €0.2m | €0.2m | €0.03m | €0.03m | - | - |
| Financial fixed assets28 | €181 | €181 | €181 | €181 | €181 | €181 | €181 | €181 | = |
| Affiliated companies280/1 | - | - | - | €181 | €181 | €181 | €181 | €181 | = |
| Participating interests280 | - | - | - | €181 | €181 | €181 | €181 | €181 | = |
| Current assets29/58 | €3.5m | €4.1m | €8.6m | €14.3m | €14.9m | €15.1m | €37.5m | €28.1m | ▼ 25.0% |
| Amounts receivable within one year40/41 | €2.6m | €3.0m | €7.0m | €13.2m | €13.4m | €13.6m | €15.5m | €15.7m | ▲ 1.1% |
| Trade receivables40 | - | - | - | €12.3m | €13.4m | €13.0m | €14.8m | €15.6m | ▲ 5.1% |
| Other amounts receivable41 | - | - | - | €0.9m | €0.001m | €0.6m | €0.6m | €0.06m | ▼ 90.1% |
| Cash at bank and in hand54/58 | - | - | - | - | - | - | €20.9m | €11.6m | ▼ 44.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1.1m | €1.6m | €1.4m | €1.1m | €0.8m | ▼ 24.1% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €61.1m | €72.2m | €91.7m | €111.1m | €123.1m | €145.0m | €185.5m | €189.7m | ▲ 2.3% |
| Equity10/15 | €34.0m | €35.3m | €37.8m | €43.5m | €50.9m | €52.9m | €55.1m | €57.0m | ▲ 3.4% |
| Contributions10/11 | €20.8m | €20.8m | €20.8m | €20.8m | €20.8m | €20.8m | €20.8m | €20.8m | = |
| Capital10 | - | - | - | €20.8m | €20.8m | €20.8m | €20.8m | €20.8m | = |
| Issued capital100 | - | - | - | €20.8m | €20.8m | €20.8m | €20.8m | €20.8m | = |
| Reserves13 | €0.2m | €0.3m | €0.4m | €0.8m | €1.4m | €1.7m | €1.9m | €2.1m | ▲ 9.6% |
| Non-distributable reserves130/1 | - | - | - | €0.7m | €1.0m | €1.1m | €1.2m | €1.3m | ▲ 7.3% |
| Legal reserve130 | - | - | - | €0.7m | €1.0m | €1.1m | €1.2m | €1.3m | ▲ 7.3% |
| Tax-exempt reserves132 | - | - | - | €0.2m | €0.4m | €0.5m | €0.7m | €0.8m | ▲ 13.8% |
| Profit (loss) carried forward14 | €13.0m | €14.2m | €16.6m | €21.8m | €28.7m | €30.4m | €32.4m | €34.1m | ▲ 5.3% |
| Investment grants15 | - | - | - | €0.002m | - | - | - | - | - |
| Provisions and deferred taxes16 | - | - | - | €0.02m | €0.06m | €0.05m | €0.05m | €0.05m | ▼ 10.5% |
| Deferred taxes168 | - | - | - | €0.02m | €0.06m | €0.05m | €0.05m | €0.05m | ▼ 10.5% |
| Amounts payable17/49 | €27.0m | €36.9m | €53.9m | €67.6m | €72.2m | €92.0m | €130.4m | €132.7m | ▲ 1.8% |
| Amounts payable after more than one year17 | - | - | - | - | - | €56.6m | €104.5m | €52.3m | ▼ 50.0% |
| Financial debts170/4 | - | - | - | - | - | €56.6m | €104.5m | €52.3m | ▼ 50.0% |
| Leasing and similar obligations172 | - | - | - | - | - | €6.6m | €4.5m | €2.3m | ▼ 49.0% |
| Other loans174 | - | - | - | - | - | €50.0m | €100.0m | €50.0m | ▼ 50.0% |
| Amounts payable within one year42/48 | €27.0m | €36.9m | €53.9m | €67.6m | €72.2m | €35.4m | €25.9m | €80.4m | ▲ 210% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €2.0m | €2.1m | €52.2m | ▲ 25× |
| Financial debts43 | - | - | - | €56.5m | €58.5m | €17.1m | - | - | - |
| Credit institutions430/8 | - | - | - | €56.5m | €58.5m | €17.1m | - | - | - |
| Trade debts44 | €3.0m | €6.6m | €7.1m | €11.1m | €12.7m | €16.3m | €23.8m | €28.2m | ▲ 18.4% |
| Suppliers440/4 | - | - | - | €11.1m | €12.7m | €16.3m | €23.8m | €28.2m | ▲ 18.4% |
| Taxes, remuneration and social security45 | - | - | - | - | €1.0m | - | - | - | - |
| Taxes450/3 | - | - | - | - | €1.0m | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | €0.01m | - | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €1.2m | €2.6m | €5.6m | €7.4m | €2.1m | €2.2m | €1.9m | ▼ 13.6% |
| + Depreciation and write-downs630 | €17.9m | €22.0m | €26.3m | €33.5m | €35.6m | €40.2m | €46.7m | €39.5m | ▼ 15.5% |
| Operating cash flow (approximation) | €18.1m | €23.2m | €28.9m | €39.1m | €43.0m | €42.3m | €48.9m | €41.4m | ▼ 15.4% |
| Investment in fixed assets (approximation) | - | -€32.5m | -€41.2m | -€47.3m | -€46.9m | -€62.0m | -€64.9m | -€53.0m | ▲ 18.3% |
| Change in cash | - | - | - | - | - | - | - | -€9.3m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 44 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | full format | 30-09-2026 | 2026-00540799 | NBB |
| 31-03-2025 | full format | 23-09-2025 | 2025-00503760 | |
| 31-03-2024 | full format | 18-10-2024 | 2024-00510634 | |
| 31-03-2023 | full format | 19-09-2023 | 2023-00451946 | |
| 31-03-2022 | full format | 26-09-2022 | 2022-20446844 | |
| 31-03-2021 | full format | 23-09-2021 | 2021-68900021 | |
| 31-03-2020 | full format | 25-09-2020 | 2020-56300373 | |
| 31-03-2019 | full format | 18-09-2019 | 2019-65300073 | |
| 31-03-2018 | full format | 25-09-2018 | 2018-66200346 | |
| 31-03-2017 | full format | 19-09-2017 | 2017-61800052 |