LEON (0811.312.552): financials and annual accounts

LEON

Bruges ·KBO/BCE: BE 0811.312.552

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Balance sheet: assets
Total assets`20/58`	2.3m	1.9m	1.6m	1.6m	1.4m	1.1m	957,232	877,432	1.1m	975,092	999,955	866,087	986,117	1.1m	887,246	700,010
Formation expenses`20`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Fixed assets`21/28`	365,324	397,667	419,981	408,332	420,045	429,046	418,550	425,101	436,678	454,727	469,306	491,450	517,545	525,569	470,719	270,303
Intangible fixed assets`21`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Tangible fixed assets`22/27`	365,079	397,422	419,736	408,073	419,787	428,788	418,550	425,101	436,678	454,727	469,306	491,450	517,545	525,569	470,719	270,303
Land and buildings`22`	86,931	98,738	110,546	122,354	391,502	406,615	394,156	398,314	416,894	432,959	437,913	446,942	463,913	467,106	455,401	261,242
Plant, machinery and equipment`23`	58,493	63,792	56,081	20,950	-	-	-	0	0	231	519	1,669	1,608	2,413	3,217	-
Furniture and vehicles`24`	3,593	6,427	14,320	17,989	4,779	3,421	5,643	8,036	1,032	2,785	12,122	24,088	33,272	45,801	1,851	2,711
Other tangible fixed assets`26`	216,063	228,464	238,789	246,780	23,505	18,752	18,752	18,752	18,752	18,752	18,752	18,752	18,752	10,250	10,250	6,350
Assets under construction and advance payments`27`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Financial fixed assets`28`	245	245	245	258	258	258	-	0	0	0	0	0	0	0	-	-
Current assets`29/58`	1.9m	1.5m	1.2m	1.2m	1.0m	717,407	538,682	452,330	667,271	520,365	530,650	374,637	468,572	533,320	416,527	429,707
Amounts receivable after more than one year`29`	-	-	-	-	-	-	-	0	-	-	-	-	0	0	-	-
Trade receivables`290`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Other amounts receivable`291`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Stocks and contracts in progress`3`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Stocks`30/36`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Contracts in progress`37`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Amounts receivable within one year`40/41`	185,636	120,310	-	222,182	243,092	192,863	183,960	205,143	160,928	160,009	207,260	93,046	102,189	246,750	72,236	-
Trade receivables`40`	-	-	-	-	-	0	921	863	2,382	0	0	0	19,705	0	-	-
Other amounts receivable`41`	185,636	120,310	-	222,182	243,092	192,863	183,039	204,280	158,546	160,009	207,260	93,046	82,484	246,750	72,236	-
Current investments`50/53`	886,291	619,235	497,749	291,070	276,354	214,317	148,666	85,576	332,634	271,358	157,838	0	0	0	276,573	391,725
Cash at bank and in hand`54/58`	587,205	530,047	466,708	637,236	480,386	303,043	198,852	157,469	172,845	88,757	165,247	281,239	366,293	278,174	67,718	36,034
Deferred charges and accrued income`490/1`	252,873	279,088	246,771	6,699	8,176	7,184	7,204	4,142	863	240	305	352	90	8,396	-	1,948
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	2.3m	1.9m	1.6m	1.6m	1.4m	1.1m	957,232	877,432	1.1m	975,092	999,955	866,087	986,117	1.1m	887,246	700,010
Equity`10/15`	1.9m	1.5m	1.3m	1.1m	1.1m	807,504	630,914	474,405	643,359	497,298	365,395	449,274	353,371	513,858	418,151	254,932
Contributions`10/11`	60	60	18,600	18,600	18,600	18,600	18,600	18,600	342,600	342,600	342,600	342,600	342,600	18,600	18,600	18,600
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	342,600	342,600	342,600	342,600	342,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Contributions outside capital`11`	-	-	18,600	-	-	-	-	0	0	0	0	0	0	0	-	-
Share premium`1100/10`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Other`1109/19`	-	-	18,600	-	-	-	-	-	-	-	-	-	-	-	-	-
Revaluation surpluses`12`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Reserves`13`	1.9m	1.5m	1.3m	1.1m	1.0m	788,904	612,314	455,805	300,759	154,698	22,795	106,674	10,771	495,258	1,860	1,860
Non-distributable reserves`130/1`	-	-	-	1,860	1,860	1,860	-	0	-	-	-	-	0	0	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	32,811	29,390	22,795	15,566	10,771	1,860	1,860	1,860
Reserves not available under the articles`1311`	-	-	-	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-
Own shares acquired`1312`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Other`1319`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Tax-exempt reserves`132`	18,750	18,750	18,750	18,750	89,950	148,850	148,850	148,850	77,650	0	0	0	0	0	-	-
Distributable reserves`133`	1.9m	1.5m	1.3m	1.1m	945,394	638,194	461,604	305,095	190,298	125,308	0	91,108	0	493,398	-	-
Profit (loss) carried forward`14`	1,087	59	-	3	0	-	-	0	0	0	0	0	0	0	397,691	234,472
Investment grants`15`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Advance to shareholders on the distribution of net assets`19`	-	-	-	-	-	-	-	0	-	-	-	-	0	0	-	-
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	0	-	-	-	-	0	0	-	-
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Pensions and similar obligations`160`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Taxes`161`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Major repairs and maintenance`162`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Environmental obligations`163`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Other liabilities and charges`164/5`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Deferred taxes`168`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Amounts payable`17/49`	401,563	401,017	315,890	442,668	372,249	338,950	326,318	403,026	460,590	477,794	634,561	416,813	632,746	545,031	469,095	445,078
Amounts payable after more than one year`17`	107,333	130,333	153,333	176,333	199,333	222,333	245,333	268,333	291,333	314,333	337,333	360,333	383,333	406,333	429,333	272,500
Financial debts`170/4`	107,333	130,333	153,333	176,333	199,333	222,333	245,333	268,333	291,333	314,333	337,333	360,333	383,333	406,333	429,333	272,500
Trade debts`175`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Advances received on contracts in progress`176`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Other amounts payable`178/9`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Amounts payable within one year`42/48`	294,230	270,684	162,557	264,115	170,114	113,085	78,256	134,693	169,257	163,461	297,227	56,480	249,413	135,698	39,762	172,578
Current portion of amounts payable after more than one year`42`	23,000	23,000	23,000	23,000	23,000	23,000	23,000	23,000	23,000	27,324	114,756	23,000	23,000	23,000	23,000	-
Financial debts`43`	-	-	-	20,042	20,055	15,046	15,053	13,645	-	-	-	-	0	200	-	-
Credit institutions`430/8`	-	-	-	20,042	20,055	15,046	15,053	13,645	0	0	0	0	0	200	-	-
Other loans`439`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Trade debts`44`	8,600	6,810	3,397	5,916	4,723	4,655	3,600	5,445	160	665	5,046	231	2,662	4,660	16,762	27,588
Suppliers`440/4`	8,600	6,810	3,397	5,916	4,723	4,655	3,600	5,445	160	665	5,046	231	2,662	4,660	16,762	27,588
Bills of exchange payable`441`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Taxes, remuneration and social security`45`	84,374	82,700	30,928	113,997	108,799	58,405	25,651	35,146	91,484	69,946	40,796	33,249	54,449	107,839	-	142,604
Taxes`450/3`	84,374	82,700	30,928	113,997	103,199	52,805	20,051	29,923	86,261	64,723	35,573	28,026	54,449	107,839	-	142,604
Remuneration and social security`454/9`	-	-	-	-	5,600	5,600	5,600	5,223	5,223	5,223	5,223	5,223	0	0	-	-
Other amounts payable`47/48`	178,256	158,175	105,233	101,160	13,537	11,980	10,951	57,458	54,613	65,526	136,629	0	169,302	0	-	2,386
Accrued charges and deferred income`492/3`	-	-	-	2,220	2,802	3,532	2,730	0	0	0	0	0	0	3,000	-	-
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	0	0	0	0	0	0	-	-
Non-recurring operating income`76A`	-	-	-	-	-	-	-	0	0	0	0	0	19,705	0	-	-
Gross operating margin`9900`	586,253	646,256	562,072	373,526	406,838	286,827	267,454	254,779	256,548	264,657	269,641	205,343	289,544	179,959	352,568	676,093
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	0	0	0	0	0	0	-	-
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	33,602	38,416	39,775	51,699	26,937	29,763	25,301	22,688	21,092	34,104	33,164	33,270	33,317	36,459	17,834	41,091
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)`631/4`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Other operating charges`640/8`	5,036	5,915	5,204	4,618	2,854	2,692	2,591	3,513	3,532	3,539	3,164	2,975	3,299	3,481	2,430	1,560
Operating charges capitalised as restructuring costs`649`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
Operating profit (loss)`9901`	547,615	601,925	517,093	317,209	377,046	254,373	239,562	228,579	231,923	227,013	233,313	169,097	252,928	140,020	332,304	633,442
Financial income`75/76B`	160,774	7,674	2,786	7,745	3,031	5,846	1,631	9,330	1,153	847	3,762	5,204	5,993	16,074	6,387	351
Recurring financial income`75`	17,590	7,674	2,786	7,745	3,031	5,846	1,631	9,330	1,153	847	3,762	5,204	5,993	16,074	6,387	351
Non-recurring financial income`76B`	143,183	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Financial charges`65/66B`	7,395	7,737	6,749	7,147	4,959	2,949	4,619	13,300	11,471	5,848	12,160	9,784	12,475	10,015	8,850	4,797
Recurring financial charges`65`	7,395	7,737	6,749	7,147	4,959	2,949	4,619	13,300	11,471	5,848	12,160	9,784	12,475	10,015	8,850	4,797
Non-recurring financial charges`66B`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	700,994	601,861	513,130	317,807	375,118	257,269	236,575	224,609	221,605	222,012	224,915	164,517	266,151	146,079	329,841	628,996
Income taxes`67/77`	192,300	195,136	159,197	105,233	125,218	79,079	78,442	67,963	75,544	90,109	81,057	68,614	87,938	50,371	84,122	200,899
Profit (loss) for the period`9904`	508,694	406,725	353,934	212,573	249,900	178,190	158,133	156,646	146,061	131,903	143,858	95,903	178,213	95,708	245,719	428,097
Transfer from tax-exempt reserves`789`	-	-	-	71,200	58,900	-	-	0	0	0	0	0	0	0	-	-
Transfer to tax-exempt reserves`689`	-	-	-	-	-	-	0	71,200	77,650	0	0	0	0	0	-	-
Profit (loss) for the period to be appropriated`9905`	508,694	406,725	353,934	283,773	308,800	178,190	158,133	85,446	68,411	131,903	143,858	95,903	178,213	95,708	245,719	428,097
Appropriation of the result
Profit (loss) to be appropriated`9906`	508,753	406,725	353,937	283,773	308,800	178,190	158,133	85,446	68,411	131,903	143,858	95,903	178,213	493,398	480,191	428,097
Profit (loss) brought forward from the previous period`14P`	59	-	3	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer from equity`791/2`	176,590	156,509	161,428	145,527	-	-	-	0	0	0	91,108	0	493,398	0	-	-
Transfer to equity`691/2`	506,000	405,000	353,900	283,770	307,200	176,590	156,509	83,846	68,411	131,903	7,229	95,903	8,911	493,398	-	1,860
Addition to contributions`691`	-	-	-	-	-	-	-	0	0	0	0	0	0	0	-	-
To the legal reserve`6920`	-	-	-	-	-	-	-	0	3,421	6,595	7,229	4,795	8,911	0	-	1,860
To other reserves`6921`	506,000	405,000	353,900	283,770	307,200	176,590	156,509	83,846	64,991	125,308	0	91,108	0	493,398	-	-
Profit to be distributed`694/7`	178,256	158,175	161,465	145,527	1,600	1,600	1,624	1,600	-	-	227,737	-	662,700	0	82,500	191,765
Return on contributions (dividend)`694`	178,256	158,175	161,465	145,527	1,600	1,600	1,624	1,600	0	0	227,737	0	642,700	0	-	111,765
Directors or managers`695`	-	-	-	-	-	-	-	0	0	0	0	0	20,000	0	82,500	80,000
Employees`696`	-	-	-	-	-	-	-	0	0	0	-	-	-	-	-	-
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	15-07-2026	2026-00293887	PDF
31-12-2024	micro format	08-07-2025	2025-00241371	PDF
31-12-2023	abbreviated format	17-07-2024	2024-00253075	PDF
31-12-2022	abbreviated format	18-07-2023	2023-00245247	PDF
31-12-2021	micro format	18-07-2022	2022-20195205	PDF
31-12-2020	micro format	13-08-2021	2021-48400062	PDF
31-12-2019	micro format	31-08-2020	2020-48200043	PDF
31-12-2018	micro format	18-07-2019	2019-34300393	PDF
31-12-2017	micro format	11-07-2018	2018-32300189	PDF
31-12-2016	micro format	24-07-2017	2017-35000385	PDF
31-12-2015	abbreviated format	20-06-2016	2016-19700271	PDF
31-12-2014	abbreviated format	19-05-2015	2015-12400016	PDF
31-12-2013	abbreviated format	18-08-2014	2014-43400205	PDF
31-12-2012	abbreviated format	14-10-2013	2013-62800417	PDF
31-12-2011	abbreviated format	18-02-2013	2013-03900067	PDF
31-12-2010	abbreviated format	03-01-2012	2012-00200524	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
EBITDA	581,217	640,341	556,868	368,908	403,983	284,135	264,863	251,267	253,016	261,118	266,478	202,367	286,245	176,479	350,138	674,533
Cash flow	542,296	445,142	393,708	264,272	276,838	207,953	183,434	179,334	167,153	166,007	177,023	129,174	211,530	132,167	263,553	469,188
Investment in fixed assets	1,259	16,103	56,428	39,986	17,936	40,259	18,750	11,111	3,044	19,526	11,020	7,176	25,292	91,645	218,250	311,395
Change in cash	57,158	63,339	-170,528	156,849	177,343	104,192	41,382	-15,376	84,088	-76,490	-115,992	-85,054	88,119	210,456	31,684	-
Working capital	1.6m	1.3m	1.0m	893,072	837,894	604,322	460,426	317,637	498,013	356,904	233,422	318,157	219,159	397,622	376,765	257,129
Solvency	82.4%	79.4%	80.6%	71.7%	73.9%	70.4%	65.9%	54.1%	58.3%	51.0%	36.5%	51.9%	35.8%	48.5%	47.1%	36.4%
Current ratio	6.50	5.72	7.45	4.38	5.93	6.34	6.88	3.36	3.94	3.18	1.79	6.63	1.88	3.93	10.48	2.49
Debt to equity	0.21	0.26	0.24	0.39	0.35	0.42	0.52	0.85	0.72	0.96	1.74	0.93	1.79	1.06	1.12	1.75
ROE	27.1%	26.3%	26.9%	18.9%	23.7%	22.1%	25.1%	33.0%	22.7%	26.5%	39.4%	21.3%	50.4%	18.6%	58.8%	167.9%
ROA	22.3%	20.9%	21.7%	13.6%	17.5%	15.5%	16.5%	17.9%	13.2%	13.5%	14.4%	11.1%	18.1%	9.0%	27.7%	61.2%
Interest coverage	78.60	82.76	82.51	51.62	81.47	-	-	-	-	-	-	-	-	-	-	-

Item	2025	2024	2023	2022	2021
Debts secured on the company's own assets	-	-	€176,333	€219,375	-
Mortgages, amount registered	€100,000	€100,000	€100,000	€100,000	€720,000
Mortgage mandates	€620,000	€620,000	€620,000	€620,000	-
Carrying value of the mortgaged assets	€302,994	€327,203	€349,335	€369,134	€391,502

Item	2025	2024	2023	2022	2021
Tangible fixed assets	€1,259	€16,103	€56,428	€39,986	€17,936
Depreciation and write-downs of the year	€33,602	€38,416	€39,775	€51,699	€26,937

LEON

Annual accounts 2025

Balance sheet

Change in equityin €m

Change in cashin euro

Position in the sector

Solvency82.4%

Current ratio6.50

Return on assets22.3%

Filed annual accounts

Filings

Key figures and ratios

Securities and guarantees

Investments

Insights on LEON

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