Summary
LEASELEX 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 €12.3m and a net result of €1.5m. Equity is shrinking by about 4.4% per year across the filed financial years. Its solvency ranks better than 15% of 599 sector peers (NACE 66, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.
Financials · financial year 2025, full format
In the rankings
#1 company by total assets in Walloon Brabant, Auxiliary financial services sector#2 company by equity in Walloon Brabant, Auxiliary financial services sector
Equity
€12.3m▲ 13.6%
2024 · €10.8m
Net result
€1.5m▼ 85.0%
2024 · €9.8m
Total assets
€166.9m▲ 24.0%
2024 · €134.5m
Solvency
7.4%▼ 0.7pp
2024 · 8.0%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 82% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€2.9m
2025
Net result€1.5m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€166.9m
2025
Equity€12.3m
2025
Debt€154.6m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€126.5m
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)0.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency7.4%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio4.13
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€0.8m-€1.0m▲ 18.5%€1.1m▲ 7.2%€1.1m▲ 2.5%€1.4m▲ 33.3%€3.5m▲ 143%€16.3m▲ 365%€2.9m▼ 82.4%
Net result-€0.06m--€0.08m▼ 41.2%-€0.1m▼ 21.7%-€0.1m▼ 10.7%-€0.2m▼ 78.8%-€0.7m▼ 279%€9.8m€1.5mabove the sector's middle half▼ 85.0%
Equity€2.1m-€2.0m▼ 3.9%€1.9m▼ 4.9%€1.8m▼ 5.7%€1.6m▼ 10.9%€1.0m▼ 38.9%€10.8m▲ 994%€12.3mabove the sector's middle half▲ 13.6%
Total assets€49.7m-€53.5m▲ 7.8%€56.9m▲ 6.3%€61.6m▲ 8.2%€65.9m▲ 7.0%€84.8m▲ 28.7%€134.5m▲ 58.6%€166.9mabove the sector's middle half▲ 24.0%
Debt€47.6m-€51.5m▲ 8.3%€55.0m▲ 6.7%€59.7m▲ 8.7%€64.3m▲ 7.6%€83.8m▲ 30.4%€123.7m▲ 47.6%€154.6m▲ 24.9%
Working capital€37.2m-€37.1m▼ 0.2%€2.0m▼ 94.5%€1.9m▼ 5.3%€51.9m▲ 2,590%€1.5m▼ 97.0%€127.7m▲ 8,181%€126.5mabove the sector's middle half▼ 1.0%
Solvency4.2%-3.8%▼ 0.5pp3.4%▼ 0.4pp2.9%▼ 0.4pp2.5%▼ 0.5pp1.2%▼ 1.3pp8.0%▲ 6.9pp7.4%below the sector's middle half▼ 0.7pp
Current ratio3.98-3.26▼ 0.721.04▼ 2.221.03=4.71▲ 3.681.02▼ 3.6919.74▲ 18.724.13above the sector's middle half▼ 15.60
Return on assets (ROA)-0.1%--0.2%=-0.2%=-0.2%=-0.3%▼ 0.1pp-0.9%▼ 0.6pp7.3%▲ 8.2pp0.9%within the sector's middle half▼ 6.4pp
above
within
below
the middle half of NACE 66, Activities auxiliary to financial services and insurance activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Why a figure moved sharply
- 2023 Net result -279% on 2022. Part of Immo Silex received in a demerger, Official Gazette 27-07-2023.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €166.9m
Equity
€12.3m ▲ 13.6%
Debt
€154.6m ▲ 24.9%
Debt's share of the balance-sheet total rises from 92.0% to 92.6%. Equity and debt are higher.
Key figures and ratios
ROE
12.0%▼
2024 · 90.9%
Debt ≤ 1 year
€40.4m▲
2024 · €6.8m
Debt > 1 year
€114.1m▼
2024 · €116.8m
Income taxes
€956,444▼
2024 · €3.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €5.1m | €4.0m | €7.1m | €25.0m | €27.6m | ▲ 10.3% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | - | €5.0m | €4.0m | €7.1m | €24.8m | €26.7m | ▲ 7.9% |
| Other operating income74 | - | - | - | €0.05m | €0.002m | €0.002m | €0.3m | €0.9m | ▲ 234% |
| Operating charges60/66A | - | - | - | €4.0m | €2.6m | €3.6m | €8.7m | €24.7m | ▲ 183% |
| Goods for resale, raw materials and consumables60 | - | - | - | - | €0.3m | €0.1m | -€8.7m | €20.0m | - |
| Purchases600/8 | - | - | - | - | €0.3m | €0.1m | €3.7m | €20.0m | ▲ 438% |
| Change in stocks: decrease (increase)609 | - | - | - | - | - | - | -€12.4m | - | - |
| Services and other goods61 | - | - | - | €4.0m | €2.2m | €2.5m | €15.3m | €4.6m | ▼ 69.7% |
| Other operating charges640/8 | - | - | - | €0.002m | €0.05m | €1.0m | €2.0m | €0.06m | ▼ 96.9% |
| Operating profit (loss)9901 | €0.8m | €1.0m | €1.1m | €1.1m | €1.4m | €3.5m | €16.3m | €2.9m | ▼ 82.4% |
| Financial income75/76B | - | - | - | €0.003m | - | €0.005m | €0.5m | €0.9m | ▲ 81.7% |
| Recurring financial income75 | - | - | - | €0.003m | - | €0.005m | €0.5m | €0.9m | ▲ 81.7% |
| Income from financial fixed assets750 | - | - | - | - | - | €0.005m | - | - | - |
| Income from current assets751 | - | - | - | - | - | - | €0.5m | €0.9m | ▲ 81.7% |
| Other financial income752/9 | - | - | - | €0.003m | - | - | €0 | €0 | ▼ 87.5% |
| Financial charges65/66B | - | - | - | €1.2m | €1.6m | €4.3m | €3.5m | €1.4m | ▼ 61.4% |
| Recurring financial charges65 | €0.9m | €1.1m | €1.2m | €1.2m | €1.6m | €4.3m | €3.5m | €1.4m | ▼ 61.4% |
| Debt charges650 | €0.9m | €1.1m | - | €1.0m | €1.4m | €4.1m | €3.3m | €1.3m | ▼ 59.8% |
| Other financial charges652/9 | - | - | - | €0.2m | €0.2m | €0.2m | €0.2m | €0.01m | ▼ 93.4% |
| Profit (loss) for the period before taxes9903 | -€0.06m | -€0.08m | -€0.1m | -€0.1m | -€0.1m | -€0.7m | €13.3m | €2.4m | ▼ 81.7% |
| Income taxes67/77 | - | - | - | €0.002m | €0.08m | - | €3.5m | €1.0m | ▼ 72.4% |
| Taxes670/3 | - | - | - | €0.002m | €0.08m | - | €3.5m | €1.0m | ▼ 72.4% |
| Profit (loss) for the period9904 | -€0.06m | -€0.08m | -€0.1m | -€0.1m | -€0.2m | -€0.7m | €9.8m | €1.5m | ▼ 85.0% |
| Profit (loss) for the period to be appropriated9905 | -€0.06m | -€0.08m | -€0.1m | -€0.1m | -€0.2m | -€0.7m | €9.8m | €1.5m | ▼ 85.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €49.7m | €53.5m | €56.9m | €61.6m | €65.9m | €84.8m | €134.5m | €166.9m | ▲ 24.0% |
| Fixed assets21/28 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | - | - | - | - |
| Financial fixed assets28 | €0.003m | €0.003m | €0.003m | €0.003m | €0.003m | - | - | - | - |
| Affiliated companies280/1 | - | - | - | €0.003m | €0.003m | - | - | - | - |
| Participating interests280 | - | - | - | €0.003m | €0.003m | - | - | - | - |
| Current assets29/58 | €49.7m | €53.5m | €56.9m | €61.6m | €65.9m | €84.8m | €134.5m | €166.9m | ▲ 24.0% |
| Stocks and contracts in progress3 | €49.5m | €53.5m | €56.4m | €61.5m | €65.5m | €84.7m | €121.8m | €148.6m | ▲ 21.9% |
| Stocks30/36 | - | - | - | €61.5m | €65.5m | €84.7m | €43.8m | €59.8m | ▲ 36.6% |
| Property held for sale35 | - | - | - | €61.5m | €65.5m | €84.7m | €43.8m | €59.8m | ▲ 36.6% |
| Contracts in progress37 | - | - | - | - | - | - | €78.1m | €88.8m | ▲ 13.8% |
| Amounts receivable within one year40/41 | €0.1m | €0.05m | €0.3m | €0.02m | €0.3m | €0.1m | €12.7m | €15.2m | ▲ 19.1% |
| Trade receivables40 | - | - | - | - | - | - | €0.3m | €1.6m | ▲ 488% |
| Other amounts receivable41 | - | - | - | €0.02m | €0.3m | €0.1m | €12.4m | €13.5m | ▲ 8.6% |
| Cash at bank and in hand54/58 | €0.06m | €0.01m | €0.1m | €0.04m | €0.007m | €0.005m | €0.006m | €3.2m | ▲ 54,721% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.02m | €0 | €0 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €49.7m | €53.5m | €56.9m | €61.6m | €65.9m | €84.8m | €134.5m | €166.9m | ▲ 24.0% |
| Equity10/15 | €2.1m | €2.0m | €1.9m | €1.8m | €1.6m | €1.0m | €10.8m | €12.3m | ▲ 13.6% |
| Contributions10/11 | €3.0m | €3.0m | - | €3.0m | €3.0m | €4.2m | €4.2m | €4.2m | = |
| Profit (loss) carried forward14 | -€0.9m | -€1.0m | -€1.1m | -€1.2m | -€1.4m | -€3.2m | €6.6m | €8.1m | ▲ 22.2% |
| Amounts payable17/49 | €47.6m | €51.5m | €55.0m | €59.7m | €64.3m | €83.8m | €123.7m | €154.6m | ▲ 24.9% |
| Amounts payable after more than one year17 | €35.0m | €35.0m | - | - | €50.0m | - | €116.8m | €114.1m | ▼ 2.3% |
| Financial debts170/4 | - | - | - | - | €50.0m | - | €25.0m | €0 | ▼ 100% |
| Credit institutions173 | - | - | - | - | €50.0m | - | €25.0m | €0 | ▼ 100% |
| Advances received on contracts in progress176 | - | - | - | - | - | - | €91.8m | €114.1m | ▲ 24.3% |
| Amounts payable within one year42/48 | €12.5m | €16.4m | €54.9m | €59.6m | €14.0m | €83.3m | €6.8m | €40.4m | ▲ 492% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €60.0m | €0 | €30.0m | - |
| Financial debts43 | - | - | - | €50.0m | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €50.0m | - | - | - | - | - |
| Trade debts44 | €0.2m | €0.04m | €0.07m | €0.05m | €0.4m | €0.08m | €3.4m | €6.0m | ▲ 77.3% |
| Suppliers440/4 | - | - | - | €0.05m | €0.4m | €0.08m | €3.4m | €6.0m | ▲ 77.3% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €0 | €0 | - |
| Taxes, remuneration and social security45 | - | - | - | €0.002m | €0.08m | €0.08m | €3.5m | €4.4m | ▲ 27.6% |
| Taxes450/3 | - | - | - | €0.002m | €0.08m | €0.08m | €3.5m | €4.4m | ▲ 27.6% |
| Other amounts payable47/48 | - | - | - | €9.6m | €13.5m | €23.1m | €0 | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.1m | €0.3m | €0.6m | €0.1m | €0.1m | ▲ 18.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.06m | -€0.08m | -€0.1m | -€0.1m | -€0.2m | -€0.7m | €9.8m | €1.5m | ▼ 85.0% |
| Operating cash flow (approximation) | -€0.06m | -€0.08m | -€0.1m | -€0.1m | -€0.2m | -€0.7m | €9.8m | €1.5m | ▼ 85.0% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0.001m | €0 | - | - | - | - |
| Change in cash | - | -€0.04m | €0.1m | -€0.1m | -€0.03m | -€0.002m | €0.001m | €3.2m | ▲ 390,996% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 16 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 09-06-2026 | 2026-00162473 |
| 31-12-2024 | unclassified schema | 01-10-2025 | 2025-00531900 |
| 31-12-2023 | unclassified schema | 02-08-2024 | 2024-00331456 |
| 31-12-2022 | unclassified schema | 24-05-2023 | 2023-00096759 |
| 31-12-2021 | unclassified schema | 14-04-2023 | 2023-00060886 |
| 31-12-2020 | unclassified schema | 28-06-2021 | 2021-26400407 |
| 31-12-2019 | full format | 02-06-2020 | 2020-14400601 |
| 31-12-2018 | full format | 03-06-2019 | 2019-15400373 |
| 31-12-2017 | full format | 17-05-2018 | 2018-13100368 |
| 31-12-2016 | full format | 24-05-2017 | 2017-13300098 |
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Of the 1,472 active companies whose main activity is other activities auxiliary to financial services, excluding insurance and pension funding (NACE 66199), figures are known for 926. 171 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.