LeaseLine (0825.206.021): financials and annual accounts

LeaseLine

Antwerp ·KBO/BCE: BE 0825.206.021

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
Balance sheet: assets
Total assets`20/58`	522,121	945,969	941,299	1.1m	476,033	302,902	242,579	331,690	321,329	330,230	345,085	138,346	74,475	47,708	38,390
Formation expenses`20`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Fixed assets`21/28`	200,769	324,854	296,475	195,676	142,197	93,533	45,288	48,109	45,669	22,185	14,169	10,957	10,989	6,408	749
Intangible fixed assets`21`	70,595	129,735	202,297	146,058	125,158	85,233	38,430	41,603	36,448	15,313	2,950	-	-	-	-
Tangible fixed assets`22/27`	129,299	194,244	93,303	48,893	16,564	7,825	6,383	6,032	8,746	6,473	10,070	9,808	9,841	5,659	-
Land and buildings`22`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Plant, machinery and equipment`23`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Furniture and vehicles`24`	29,527	29,572	24,399	21,626	6,804	7,245	5,514	4,790	6,753	3,730	6,576	5,974	7,233	5,659	-
Leasing and similar rights`25`	66,685	113,572	2,639	6,054	-	-	-	-	-	-	-	-	-	-	-
Other tangible fixed assets`26`	33,087	51,100	66,265	21,213	290	580	869	1,241	1,992	2,743	3,494	3,834	2,608	-	-
Assets under construction and advance payments`27`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Financial fixed assets`28`	875	875	875	725	475	475	475	475	475	400	1,149	1,149	1,149	749	749
Current assets`29/58`	321,352	621,115	644,824	874,059	333,836	209,369	197,291	283,580	275,660	308,045	330,916	127,389	63,486	41,300	37,641
Trade receivables`290`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Other amounts receivable`291`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Stocks and contracts in progress`3`	32,854	-	85,262	-	42,886	37,478	8,235	37,130	9,215	106,885	-	-	-	-	-
Stocks`30/36`	32,854	-	85,262	-	42,886	37,478	8,235	37,130	9,215	106,885	-	-	-	-	-
Contracts in progress`37`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Amounts receivable within one year`40/41`	126,311	424,326	244,271	145,405	174,295	90,471	109,922	186,344	208,698	171,867	124,341	86,899	53,576	25,070	18,705
Trade receivables`40`	97,743	399,438	236,421	145,405	167,707	66,018	95,922	175,735	204,571	164,676	119,408	86,737	53,002	21,390	17,731
Other amounts receivable`41`	28,567	24,888	7,850	-	6,588	24,453	14,000	10,608	4,128	7,191	4,932	161	574	3,680	974
Current investments`50/53`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Cash at bank and in hand`54/58`	47,519	80,145	183,556	622,193	103,594	73,273	65,833	58,256	56,146	28,113	77,698	38,631	9,910	14,649	18,936
Deferred charges and accrued income`490/1`	114,668	116,644	131,735	106,461	13,062	8,147	13,302	1,850	1,601	1,179	128,877	1,860	-	1,581	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	522,121	945,969	941,299	1.1m	476,033	302,902	242,579	331,690	321,329	330,230	345,085	138,346	74,475	47,708	38,390
Equity`10/15`	100,133	160,247	153,490	138,167	80,787	63,418	42,030	38,113	22,771	17,934	27,540	28,521	23,927	24,278	11,481
Contributions`10/11`	18,600	18,600	18,600	18,600	18,600	0	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	8,000
Issued capital`100`	-	-	-	-	-	0	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	10,600
Contributions outside capital`11`	-	-	-	-	-	18,600	0	0	-	-	-	-	-	-	-
Share premium`1100/10`	-	-	-	-	-	18,600	0	0	-	-	-	-	-	-	-
Revaluation surpluses`12`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Reserves`13`	81,533	141,647	134,890	119,567	62,187	44,818	23,430	19,513	4,171	1,860	8,940	9,921	1,860	1,860	1,860
Non-distributable reserves`130/1`	-	-	-	-	1,860	1,860	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	0	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	-	-	1,860	-	-	-	-	-	-	-	-	-	-
Own shares acquired`1312`	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-
Financial assistance`1313`	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-
Other`1319`	-	-	-	-	0	1,860	0	0	-	-	-	-	-	-	-
Tax-exempt reserves`132`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Distributable reserves`133`	81,533	141,647	134,890	119,567	60,327	42,958	21,570	17,653	2,311	-	7,080	8,061	-	-	-
Profit (loss) carried forward`14`	-	-	-	-	0	0	0	0	-	-2,526	-	-	3,467	3,818	1,621
Investment grants`15`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Provisions for liabilities and charges`160/5`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Pensions and similar obligations`160`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Taxes`161`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Major repairs and maintenance`162`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Environmental obligations`163`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Other liabilities and charges`164/5`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Deferred taxes`168`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Amounts payable`17/49`	421,987	785,721	787,809	931,568	395,246	239,484	200,549	293,577	298,558	312,296	317,545	109,825	50,548	23,431	26,909
Amounts payable after more than one year`17`	-	27,727	-	21,185	52,002	-	-	860	5,934	10,859	-	-	-	-	-
Financial debts`170/4`	-	27,727	-	21,185	52,002	-	-	860	5,934	10,859	-	-	-	-	-
Trade debts`175`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Advances received on contracts in progress`176`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Other amounts payable`178/9`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Amounts payable within one year`42/48`	369,744	683,399	696,683	850,421	343,244	239,484	200,549	292,716	290,963	294,749	317,131	108,829	39,387	23,431	26,909
Current portion of amounts payable after more than one year`42`	27,727	70,780	23,489	30,817	30,200	0	9,747	16,752	4,925	4,780	-	-	-	-	-
Financial debts`43`	146,300	188,817	107,111	4,684	84,680	80,000	80,000	80,000	80,000	80,000	-	50,000	-	-	-
Credit institutions`430/8`	146,300	188,817	107,111	4,684	84,680	80,000	80,000	80,000	80,000	80,000	-	50,000	-	-	-
Other loans`439`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Trade debts`44`	129,580	313,766	490,780	757,935	200,126	150,831	95,418	178,914	168,817	185,285	238,912	51,256	36,759	19,191	25,159
Suppliers`440/4`	129,580	313,766	490,780	757,935	200,126	150,831	95,418	178,914	168,817	185,285	238,912	51,256	36,759	19,191	25,159
Bills of exchange payable`441`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Advances received on contracts in progress`46`	-	-	-	-	0	0	0	0	-	117	7,365	210	210	-	-
Taxes, remuneration and social security`45`	57,219	109,027	71,613	44,564	26,973	8,553	15,073	16,751	37,222	24,566	69,079	5,905	990	2,091	1,749
Taxes`450/3`	15,764	45,567	36,348	19,957	13,947	1,096	8,785	8,716	32,630	19,877	52,727	4,414	990	2,091	1,749
Remuneration and social security`454/9`	41,456	63,460	35,265	24,608	13,027	7,456	6,287	8,035	4,592	4,689	16,352	1,490	-	-	-
Other amounts payable`47/48`	8,918	1,008	3,690	12,421	1,265	100	310	300	-	-	1,775	1,459	1,427	2,148	-
Accrued charges and deferred income`492/3`	52,243	74,595	91,126	59,962	0	0	0	0	1,660	6,687	414	996	11,161	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	0	-	-	-	-	-	287,321	113,257
Non-recurring operating income`76A`	-	-	5,818	-	0	0	0	0	-	-	-	-	-	-	-
Gross operating margin`9900`	456,897	665,663	561,581	470,656	203,863	156,508	127,118	157,294	82,346	75,117	104,113	30,935	8,059	6,196	6,235
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	0	-	-	-	-	-	283,375	107,021
Remuneration, social security and pensions`62`	321,651	445,215	391,071	268,696	110,057	56,984	57,811	61,817	49,976	67,170	91,124	13,782	-	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	163,861	164,574	127,266	96,429	55,359	57,319	50,120	33,873	19,692	10,540	6,312	3,578	2,760	1,415	920
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Other operating charges`640/8`	7,746	11,304	2,761	2,831	2,757	6,025	2,276	1,944	773	421	420	1,755	3,507	179	54
Operating charges capitalised as restructuring costs`649`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Non-recurring operating charges`66A`	-	-	-	-	0	0	1,707	27,432	-	605	-	-	-	-	-
Operating profit (loss)`9901`	-36,362	44,570	40,482	102,700	35,689	36,180	15,205	32,228	11,905	-3,014	6,257	11,821	1,792	4,602	5,261
Financial income`75/76B`	251	150	3	366	770	4,512	31	0	325	305	17	8	389	32	31
Recurring financial income`75`	251	150	3	366	770	4,512	31	0	325	305	17	8	389	32	31
Non-recurring financial income`76B`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Financial charges`65/66B`	23,601	31,677	13,155	11,805	10,223	6,880	5,149	5,086	5,298	6,291	4,950	3,355	1,669	344	62
Recurring financial charges`65`	23,601	31,677	13,155	11,805	10,223	6,880	5,149	5,086	5,298	6,291	4,950	3,355	1,669	344	62
Non-recurring financial charges`66B`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	-59,712	13,043	27,331	91,261	26,236	33,813	10,088	27,142	6,931	-9,606	1,324	8,473	512	4,290	5,230
Income taxes`67/77`	402	6,286	12,008	27,880	8,867	12,425	6,170	11,800	2,094	-	2,305	3,880	862	2,094	1,750
Profit (loss) for the period`9904`	-60,114	6,758	15,322	63,380	17,369	21,388	3,917	15,342	4,837	-9,606	-981	4,593	-350	2,197	3,481
Transfer from tax-exempt reserves`789`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Profit (loss) for the period to be appropriated`9905`	-60,114	6,758	15,322	63,380	17,369	21,388	3,917	15,342	4,837	-9,606	-981	4,593	-350	2,197	3,481
Appropriation of the result
Profit (loss) to be appropriated`9906`	-60,114	6,758	15,322	63,380	17,369	21,388	3,917	15,342	2,311	-9,606	-981	8,061	3,467	3,818	3,481
Transfer from equity`791/2`	60,114	-	-	-	0	0	0	0	-	7,080	981	-	-	-	-
Transfer to equity`691/2`	-	6,758	15,322	57,380	17,369	21,388	3,917	15,342	2,311	-	-	8,061	-	-	1,860
Addition to contributions`691`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
To the legal reserve`6920`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	1,860
To other reserves`6921`	-	6,758	15,322	57,380	17,369	21,388	3,917	15,342	2,311	-	-	8,061	-	-	-
Profit to be distributed`694/7`	-	-	-	6,000	-	-	-	-	-	-	-	-	-	-	-
Return on contributions (dividend)`694`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Directors or managers`695`	-	-	-	-	0	0	0	0	-	-	-	-	-	-	-
Employees`696`	-	-	-	6,000	0	0	0	0	-	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	5.5	6.1	4.9	3.6	2.2	1	1	1.1	1.1	1.2	2.1	0.3	-	-	-
Hours worked`1013`	7,239	9,549	8,404	6,122	3,690	1,521	1,294	1,723	1,775	1,938	3,135	554	-	-	-
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Financial year	Type	Filed	Reference	Document
30-09-2025	abbreviated format	09-04-2026	2026-00075593	PDF
30-09-2024	micro format	03-04-2025	2025-00062343	PDF
30-09-2023	micro format	03-04-2024	2024-00055393	PDF
30-09-2022	micro format	07-02-2023	2023-00024080	PDF
30-09-2021	micro format	17-01-2022	2022-01000185	PDF
30-09-2020	micro format	27-01-2021	2021-01800452	PDF
30-09-2019	micro format	13-01-2020	2020-00700568	PDF
30-09-2018	micro format	21-12-2018	2018-75100240	PDF
30-09-2017	abbreviated format	20-03-2018	2018-07100438	PDF
30-09-2016	abbreviated format	31-03-2017	2017-08500371	PDF
30-09-2015	abbreviated format	30-03-2016	2016-08600025	PDF
30-09-2014	abbreviated format	28-04-2015	2015-10700445	PDF
30-09-2013	abbreviated format	25-03-2014	2014-07400111	PDF
30-09-2012	abbreviated format	30-10-2012	2012-62700026	PDF
30-09-2011	abbreviated format	03-04-2012	2012-08200231	PDF

Year	Entries	Awarded	Paid
2025	1	€1,725	€1,725
2024	1	€3,191	€3,191
2023	1	€7,395	€7,395
2022	1	€5,111	€5,111

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011
EBITDA	127,499	209,145	167,748	199,129	91,049	93,500	65,325	66,102	31,597	7,526	12,569	15,398	4,552	6,017	6,181
Cash flow	103,747	171,332	142,588	159,809	72,728	78,707	54,037	49,215	24,529	934	5,331	8,171	2,410	3,611	4,401
Investment in fixed assets	39,776	192,953	228,064	149,908	104,024	105,564	47,299	36,314	43,176	19,910	9,524	3,545	7,341	7,074	749
Change in cash	-32,626	-103,411	-438,636	518,599	30,320	7,441	7,576	2,110	28,033	-49,585	39,067	28,721	-4,740	-4,286	-
Working capital	-48,393	-62,284	-51,859	23,638	-9,408	-30,114	-3,258	-9,136	-15,303	13,295	13,785	18,560	24,099	17,870	10,732
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	1.6%	4.6%
Solvency	19.2%	16.9%	16.3%	12.9%	17.0%	20.9%	17.3%	11.5%	7.1%	5.4%	8.0%	20.6%	32.1%	50.9%	29.9%
Current ratio	0.87	0.91	0.93	1.03	0.97	0.87	0.98	0.97	0.95	1.05	1.04	1.17	1.61	1.76	1.40
Quick ratio	0.78	0.91	0.80	1.03	0.85	0.72	0.94	0.84	0.92	0.68	1.04	1.17	1.61	1.76	1.40
Debt to equity	4.21	4.90	5.13	6.74	4.89	3.78	4.77	7.70	13.11	17.41	11.53	3.85	2.11	0.97	2.34
ROE	-60.0%	4.2%	10.0%	45.9%	21.5%	33.7%	9.3%	40.3%	21.2%	-53.6%	-3.6%	16.1%	-1.5%	9.0%	30.3%
ROA	-11.5%	0.7%	1.6%	5.9%	3.6%	7.1%	1.6%	4.6%	1.5%	-2.9%	-0.3%	3.3%	-0.5%	4.6%	9.1%
Interest coverage	5.40	6.60	12.75	16.87	-	-	-	-	-	-	-	-	-	-	-
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	27 days	57 days
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	25 days	86 days

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022
Employees at the balance-sheet date	6	6	6	4
full-time	5	6	6	4
part-time	1	-	-	-
in full-time equivalents	5.7	6	6	4
Average over the year, in full-time equivalents	5.5	6.1	4.9	3.6
On a permanent contract	5	6	6	4
Joined	4	1	4	1
Left	4	1	2	0
Training hours	222	263	612	-

LeaseLine

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cashin euro

Position in the sector

Solvency19.2%

Current ratio0.87

Return on assets-11.5%

Staff

Staff cost per FTE€58,482

Joined and left+0

Filed annual accounts

Filings

Subsidies and aid

Flemish government 2022 to 2025, 4 entries, €17,422 awarded, €17,422 paid

Key figures and ratios

Social balance sheet

Investments

Insights on LeaseLine

Next steps

Item	30-09-2025	30-09-2024	30-09-2023	30-09-2022
Tangible fixed assets	€16,194	€161,890	€71,926	€44,898
Intangible fixed assets	€23,582	€31,064	€155,988	€104,760
Financial fixed assets	-	-	€150	€250
Depreciation and write-downs of the year	€163,861	€164,574	€127,266	€96,429