GRENKE LEASE

Active

Private limited companyfounded 200521 yrs activeIndustrielaan 9, 1070 Anderlecht, BelgiumKBO/BCE: BE 0873.803.219

GRENKE LEASE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €875k and a net result of €-2.85M. Equity is shrinking by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 5% of 2383 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.

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Signals

Four signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2383 sector peers (2025).

NBB · sector comparison

Position among 2383 sector peers

Solvency

better than 5%

← weakest strongest →

A punctual record breaks

This company filed 9 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 10 filings

Deviation from the deadline

2025

10 d late

2024

38 d early

2023

47 d early

2022

55 d early

2021

2 d early

2020

43 d early

2019

17 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Equity

€875k▼ 60.7%

2024 · €2.23M

2018: €2.77M 2019: €2.15M 2020: €1.18M 2021: €778k 2022: €1.25M 2023: €1.45M 2024: €2.23M

2018 → 2025

Net result

€-2.85M▼ 65.6%

2024 · €-1.72M

2018: €-401k 2019: €-616k 2020: €-968k 2021: €-1.41M 2022: €473k 2023: €-2.80M 2024: €-1.72M

2018 → 2025

Total assets

€182.58M▲ 9.2%

2024 · €167.18M

2018: €70.57M 2019: €95.77M 2020: €109.73M 2021: €106.26M 2022: €117.52M 2023: €156.57M 2024: €167.18M

2018 → 2025

Solvency

0.5%▼ 0.9pp

2024 · 1.3%

2018: 3.9% 2019: 2.2% 2020: 1.1% 2021: 0.7% 2022: 1.1% 2023: 0.9% 2024: 1.3%

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€44.45M-€51.17M▲ 15.1%€61.46M▲ 20.1%€79.08M▲ 28.7%€90.85M▲ 14.9%

Equity€778k-€1.25M▲ 60.8%€1.45M▲ 15.9%€2.23M▲ 53.6%€875k▼ 60.7%

Operating result€1.27M-€2.84M▲ 124%€3.06M▲ 7.6%€3.65M▲ 19.2%€3.47M▼ 4.9%

Net result€-1.41M-€473k€-2.80M€-1.72M▲ 38.5%€-2.85M▼ 65.6%

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 5% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €182.58M

84.7%

15.3%

Fixed assets €154.71M▲ 8.2%

Current assets €27.87M▲ 15.2%

Equity and liabilities €182.58M

99.5%

Equity €875k▼ 60.7%

Debt €181.70M▲ 10.2%

The debt ratio rises from 98.7% to 99.5%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

Solvency

0.5%▼

2024 · 1.3%

ROE

-326.1%▼

2024 · -77.3%

ROA

-1.6%▼

2024 · -1.0%

Debt

€181.70M▲

2024 · €164.95M

Debt ≤ 1 year

€94.40M▲

2024 · €83.89M

Debt > 1 year

€87.18M▲

2024 · €80.93M

Income taxes

€-207k▲

2024 · €-1.38M

Staff costs

€3.62M▲

2024 · €3.06M

A ratio outside any meaningful range has been withheld (balance sheet total €182.58M, equity €875k).

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€167.18M€182.58M▲

Fixed assets21/28€142.98M€154.71M▲

Intangible fixed assets21€7€7=

Tangible fixed assets22/27€142.96M€154.68M▲

Land and buildings22€2€8▲

Furniture and vehicles24€81k€89k▲

Other tangible fixed assets26€142.38M€154.06M▲

Assets under construction and advance payments27€498k€539k▲

Financial fixed assets28€29k€29k=

Other financial fixed assets284/8€29k€29k=

Amounts receivable and cash guarantees285/8€29k€29k=

Current assets29/58€24.20M€27.87M▲

Amounts receivable after more than one year29€1.94M€2.30M▲

Trade receivables290€1.94M€2.30M▲

Amounts receivable within one year40/41€11.14M€14.16M▲

Trade receivables40€7.87M€10.41M▲

Other amounts receivable41€3.27M€3.75M▲

Cash at bank and in hand54/58€2.73M€1.70M▼

Deferred charges and accrued income490/1€8.39M€9.70M▲

Equity and liabilities

Total equity and liabilities10/49€167.18M€182.58M▲

Equity10/15€2.23M€875k▼

Contributions10/11€8.25M€9.75M▲

Reserves13€81k€81k=

Non-distributable reserves130/1€81k€81k=

Reserves not available under the articles1311€81k€81k=

Profit (loss) carried forward14€-6.10M€-8.96M▼

Amounts payable17/49€164.95M€181.70M▲

Amounts payable after more than one year17€80.93M€87.18M▲

Financial debts170/4€80.93M€87.18M▲

Other loans174€80.93M€87.18M▲

Amounts payable within one year42/48€83.89M€94.40M▲

Current portion of amounts payable after more than one year42€34.51M€37.93M▲

Financial debts43€44.84M€51.10M▲

Other loans439€44.84M€51.10M▲

Trade debts44€3.67M€4.24M▲

Suppliers440/4€3.67M€4.24M▲

Taxes, remuneration and social security45€467k€467k=

Taxes450/3-€22k

Remuneration and social security454/9€467k€445k▼

Other amounts payable47/48€409k€668k▲

Accrued charges and deferred income492/3€133k€125k▼

Income statement Code20242025

Operating income70/76A€79.23M€90.99M▲

Turnover70€79.08M€90.85M▲

Other operating income74€48k€58k▲

Non-recurring operating income76A€101k€82k▼

Operating charges60/66A€75.58M€87.52M▲

Services and other goods61€8.44M€9.87M▲

Remuneration, social security and pensions62€3.06M€3.62M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€42.40M€46.88M▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€18.62M€25.85M▲

Other operating charges640/8€3.07M€1.29M▼

Operating profit (loss)9901€3.65M€3.47M▼

Financial income75/76B€5.24M€7.97M▲

Recurring financial income75€5.24M€7.97M▲

Income from current assets751€748k€1.02M▲

Other financial income752/9€4.49M€6.95M▲

Financial charges65/66B€12.00M€14.50M▲

Recurring financial charges65€11.38M€13.81M▲

Debt charges650€11.32M€13.12M▲

Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€-4k€389k▲

Other financial charges652/9€64k€302k▲

Non-recurring financial charges66B€618k€691k▲

Profit (loss) for the period before taxes9903€-3.11M€-3.06M▲

Income taxes67/77€-1.38M€-207k▲

Taxes670/3€4k€4k▲

Tax adjustments and reversals of tax provisions77€1.39M€211k▼

Profit (loss) for the period9904€-1.72M€-2.85M▼

Profit (loss) for the period to be appropriated9905€-1.72M€-2.85M▼

Appropriation of the result

Profit (loss) to be appropriated9906€-6.10M€-8.96M▼

Profit (loss) brought forward from the previous period14P€-4.38M€-6.10M▼

Social balance

Average headcount (FTE)908732.141.2▲

The notes to these accounts (57 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 38Financial 4Gazette 24Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

11-09

State Gazette act Board meeting · Registered-office move

Board meeting · Registered-office move · Branch opening3 facts ▸

Board meeting, 2026-08-25
Registered-office move, 1070 Bruxelles, Boulevard Industriel 9
Branch opening, Ratification de l'ouverture d'une nouvelle succursale (agence) à 1831 Diegem, Berkenlaan 8A - 8В

10-08

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 10 days late

27-01

State Gazette act Miscellaneous

General meeting · Capital increase · Bank account4 facts ▸

General meeting, 2025-12-29
Capital increase, €1.500.000
Bank account, Grenke Bank A.G.
Power of attorney, l'administrateur

2025

31-12

Financial Weakest financial yearnet €-2.85M

Net result drops to €-2.85M, the lowest in the series.

16-10

State Gazette act Resignations & appointments

Board meeting · Director appointment2 facts ▸

Board meeting, 2025-09-25
Director appointment, Kevin Gregoir (délégué à la gestion journalière (Co-Directeur Général))

23-06

NBB filing Annual accounts filed

fiscal year 2024 · unclassified schema

02-01

State Gazette act Resignations & appointments

General meeting · Capital increase · Reserve release5 facts ▸

General meeting, 2024-12-30
Capital increase, €2.500.000
Reserve release, apport supplémentaire rendu disponible pour distributions futures
Director appointment, Miguel VERHAVERT (délégué à la gestion journalière (Directeur Général))
Director resignation, Patrick VAN INGELGEM (délégué à la gestion journalière)

2024

31-12

Financial Equity above €2MEq €2.23M ▲53.6%

Equity rises from €1.45M to €2.23M.

06-12

State Gazette act Resignations & appointments

General meeting · Auditor appointment2 facts ▸

General meeting, 2024-09-04
Auditor appointment, BDO Réviseurs d'entreprises SCRI (Commissaire aux Comptes)

14-06

NBB filing Annual accounts filed

fiscal year 2023 · unclassified schema

19-03

State Gazette act Capital & shares

General meeting · Capital increase · Bank account5 facts ▸

General meeting, 2023-12-27
Capital increase, €3.000.000
Bank account, compte ouvert au nom de la société auprès de la banque Grenke Bank A.G.
Reserve release, rendu disponible pour distributions futures
Power of attorney, l'administrateur

2023

06-06

NBB filing Annual accounts filed

fiscal year 2022 · unclassified schema

2022

31-12

Financial Back to profitnet €473k

Net result €473k after 4 loss-making years.

31-12

Financial Equity above €1MEq €1.25M ▲60.8%

Equity rises from €778k to €1.25M.

29-07

NBB filing Annual accounts filed

fiscal year 2021 · unclassified schema

26-01

State Gazette act Legal-form change · Resignations & appointments

General meeting · Legal-form conversion · Purpose change8 facts ▸

General meeting, 2021-12-28
Legal-form conversion, Société à Responsabilité Limitée
Purpose change, La société a pour objet, tant en Belgique qu'à l'étranger, pour compte propre ou pour compte de tiers toute activité se rapportant à la location financement et…
Statutes amendment
Capital, €1.500.000
Reserve release, Maintien d'un compte de capitaux propres statutairement indisponible à concurrence de 1.500.000 euros et mise du surplus à disposition., 1500000
Capital increase, €1.000.000
Power of attorney

06-01

State Gazette act Resignations & appointments

General meeting · Auditor appointment2 facts ▸

General meeting, 06/09/2021
Auditor appointment, BDO Reviseurs d'entreprises SCRI (Commissaire)

2021

18-06

NBB filing Annual accounts filed

fiscal year 2020 · unclassified schema

2020

21-10

State Gazette act Legal-form change · Resignations & appointments

General meeting · Director reappointment · Power of attorney3 facts ▸

General meeting, 2020-03-03
Director reappointment, Aarnink Coen (Administrateur)
Power of attorney, BDO Experts-Comptables SCRL

14-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2019

30-07

NBB filing Annual accounts filed

fiscal year 2018 · full schema

14-03

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Power of attorney3 facts ▸

General meeting, 2018-03-15
Auditor appointment, KPMG Bedrijfsrevisoren Burg. CVBA (commissaire aux comptes statutaires)
Power of attorney, Christèle Parmentier

2018

16-05

State Gazette act Resignations & appointments

General meeting · Permanent representative · Power of attorney3 facts ▸

General meeting, 2017-11-27
Permanent representative, Joerie Klaykens
Power of attorney, BDO Experts-Comptables SCRL

06-04

NBB filing Annual accounts filed

fiscal year 2017 · full schema

2017

20-09

State Gazette act Resignations & appointments

General meeting · Director appointment · Power of attorney3 facts ▸

General meeting, 28/06/2017
Director appointment, Patrick van Ingelgem (Directeur Général)
Power of attorney, BDO Experts-Comptables SCRL

07-08

State Gazette act Resignations & appointments

General meeting · Director reappointment · Power of attorney3 facts ▸

General meeting, 2017-03-07
Director reappointment, Aamink Coen (Gérant)
Power of attorney, Christèle Parmentier

30-03

NBB filing Annual accounts filed

fiscal year 2016 · full schema

15-03

State Gazette act Resignations & appointments

General meeting · Director reappointment2 facts ▸

General meeting, 2014-03-04
Director reappointment, Coen Aarnink (Gérant)

2016

08-12

State Gazette act Resignations & appointments

Board meeting · Power of attorney2 facts ▸

Board meeting, 2016-11-23
Power of attorney, Thierry Fritz

10-02

State Gazette act Resignations & appointments

General meeting · Auditor reappointment · Publication cancellation3 facts ▸

General meeting, 2015-03-04
Auditor reappointment, 3 ans, 2018
Publication cancellation, publication de l'assemblée générale extraordinaire du 28/09/2015

2015

28-12

State Gazette act Resignations & appointments

General meeting · Permanent representative3 facts ▸

General meeting, 2015-09-28
Permanent representative, Nicole Verheyen (representative)
Permanent representative, Pierre Vanderbeek (representative)

2014

29-01

State Gazette act Resignations & appointments

General meeting · Permanent representative2 facts ▸

General meeting, 2013-11-08
Permanent representative, Nicole Verheyen

2013

11-06

State Gazette act Resignations & appointments

General meeting · Auditor appointment · Auditor resignation3 facts ▸

General meeting, 2012-03-27
Auditor appointment, Ernst & Young Réviseurs d'Entreprises Bedrijfsrevisoren (commissaire)
Auditor resignation, Mazars Réviseur d'entreprise (commissaire)

2011

19-10

State Gazette act Resignations & appointments

General meeting · Director resignation2 facts ▸

General meeting, 2011-09-30
Director resignation, Patrice Clicteur (gérant)

07-03

State Gazette act Resignations & appointments

General meeting · Director resignation · Director appointment6 facts ▸

General meeting, 2010-12-31
Director resignation, Gilles Christ (gérant)
Director appointment, Coen Aarnink (gérant)
Mandate compensation, Coen Aarnink
Board meeting, 2010-12-31
Power of attorney, Thierry Fritz (Fondé de pouvoirs)

2010

22-02

State Gazette act Capital & shares

General meeting · Capital increase · Bank account6 facts ▸

General meeting, 2009-12-30
Capital increase, €250.000
Bank account, Commerzbank, 179-6108377-19
Capital, €1.750.000
Statutes amendment
Statutes amendment

2008

17-11

State Gazette act Resignations & appointments

General meeting · Auditor appointment2 facts ▸

General meeting, 2005-06-28
Auditor appointment, Ernst & Young Belgique

2005

03-08

State Gazette act Registered office

Board meeting · Registered-office move · Power of attorney3 facts ▸

Board meeting, 28/06/2005
Registered-office move, 1180 Bruxelles, chausse de Ruysbroeck, (2ème étage), immeuble "Greenwalk"
Power of attorney, Gilles Carnoy

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

7 directors, no change since 2025

Kevin Gregoir

Délégué à la gestion journalière (co directeur général) · since 09-09-2025

Current

Miguel VERHAVERT

Délégué à la gestion journalière (directeur général) · since 30-12-2024

Current

Aarnink Coen

Director · since 31-12-2010

Current

Aamink Coen

Gérant · since 07-03-2017

Not recently confirmed

09-09-2025 Kevin Gregoir: Appointed as Délégué à la gestion journalière (co directeur général)

30-04-2025 Patrick VAN INGELGEM: Resigned as Daily management delegate

30-12-2024 Miguel VERHAVERT: Appointed as Délégué à la gestion journalière (directeur général)

03-03-2020 Aarnink Coen: Mandate renewed as Director

07-03-2017 Aamink Coen: Mandate renewed as Gérant

07-11-2016 Patrick VAN INGELGEM: Appointed as Directeur général

04-03-2014 Aarnink Coen: Mandate renewed as Gérant

30-09-2011 Patrice Clicteur: Resigned as Gérant

31-12-2010 Aarnink Coen: Appointed as Gérant

31-12-2010 Gilles Christ: Resigned as Gérant

Location & real-estate footprint

Registered office, Anderlecht · 3 establishment units since 2005

establishment All 3 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Industrielaan 91070 Anderlecht

Ground area

2.0 ha

Building footprint

7,319 m²

Volume, LiDAR

116,600 m³

4 parcels, Brussels, Flanders · tallest building 28.4 m, ±7 floors. Linked by address, not a title deed.

3 establishment units

Grenke Lease

Ruisbroeksesteenweg 76, 1180 UkkelNACE 7133001

since 20052.147.242.181

GRENKE LEASE

Generaal Lemanstraat 61, 2018 AntwerpenFinancial service activities, except insurance and pension funding

since 20132.220.219.043

Grenke Lease

Medialaan 32, 1800 VilvoordeFinancial service activities, except insurance and pension funding

since 20202.317.197.069

4 parcels

Flanders 2 (50%) Brussels 2 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21306C0289/00B004	Brussels	9,782 m²	1 · 4,538 m²	28.4 m · 7 fl.
23645C0156/00H003	Flanders	3,949 m²	1 · 954 m²	20.8 m · 6 fl.
11810K0015/00B003	Flanders	3,873 m²	1 · 1,078 m²	21.7 m · 6 fl.
21616G0001/00G000	Brussels	2,345 m²	1 · 748 m²	18.5 m · 5 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 3

4 of 4 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Statutory auditor

4 auditors

BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESCurrent

Commissaire aux comptes

06-01-2022 → present

Show 3 earlier auditors

Ernst & Young Bedrijfsrevisoren Reviseurs d'Entreprises Auditor succeeded by KPMG Bedrijfsrevisoren Burg. CVBA in 2018	27-03-2012 → 15-03-2018
Ernst & Young Belgique Auditor · represented by Marck van Hoecke succeeded by Ernst & Young Bedrijfsrevisoren Reviseurs d'Entreprises in 2012	28-06-2005 → 27-03-2012
KPMG Bedrijfsrevisoren Burg. CVBA Commissaire aux comptes statutaires succeeded by BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES in 2022	15-03-2018 → 06-01-2022