SD Worx study: ‘23% of Belgian employees benefit from company car’
Nearly a quarter of all employees in Belgium have a company car. This is what comes out of the latest study from HR company SD Worx, based on a sample of 21 000 businesses.
Most of the company cars are gathered in the sectors of wholesale and retail, scientific and technical services, industry, and communication. In the case of SMEs, nearly all company cars are a tool required for the job and not just a salary advantage.
620 000 employees sampled
For its latest study in company cars, HR Company SD Worx has gathered information from a sample of 21 000 businesses with some 620 000 employees. As it turns out, the company car is still popular in Belgium, with nearly a quarter (23%) of all employees in Belgium benefiting from such an advantage.
SD Worx also demonstrates that most company cars are to be found in four major business sectors: wholesale and retail (19,4%), scientific and technical services (18,15%), industry (16,86%), and information and communication (14,8%). The study also shows that big companies employing up to 250 people represent six in ten company cars.
However, SMEs are also in the game. In this case, for 76% of all employees, the company car is a tool for the job. That is what comes out of another SD Worx study from June, based on a sample of 615 small and medium-sized enterprises (SMEs).
Reduction in the future
With the legislation change in company cars and expenses deduction awaited for 2026, the Belgian landscape is sure to change. Currently, one employer out of ten is already planning to delete company cars in new contracts.
Others have, of course, the choice of flexibility, with other means of transport, or the Mobility Budget. In the case of small companies, SD Worx’s data show that 12% of them will opt for smaller cars but only 4% of them are thinking of completely rejecting the company car by 2025. Only a small minority is thinking about switching to a public transport offer or company bikes.