Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 58 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
49 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ING LEASE BELGIUM from Brussel, company number BE0402918402, closed financial year 2025 with a result of € 52.5 million after tax. For that financial year ING LEASE BELGIUM recorded revenue of € 133.9 million and equity of € 78.6 million. Compared with financial year 2024, the result moved from € 51 million to € 52.5 million. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on April 16, 2026.
€ 78.6 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 52.5 million
▲ 3% vs 2024
Profit after tax over the fiscal year.
€ 10.6 million
▲ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50 million paid out
95 % of the profit went to the shareholders, mostly to ING BELGIUM N.V. (100 % of the shares). That is where the money ends up.
People and assets in 2025
141.1
Average over the fiscal year, from the social balance sheet.
€ 18.9 million
▲ 14% vs 2024
€ 133,700 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 85,144
▲ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.3 billion
€ 189.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 7 years.
€ 24.4 million
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 416 days on average.
€ 6 million
▼ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 106,339,283 | € 117,782,635 | € 121,560,282 | € 133,948,060 | ▲ 10% |
| Profit after taxes | € 40,764,307 | € 34,512,862 | € 50,988,319 | € 52,492,489 | ▲ 3% |
| Equity | € 73,289,959 | € 74,392,533 | € 76,298,945 | € 78,598,626 | ▲ 3% |
| Total debts | € 1,453,371,480 | € 1,485,519,942 | € 1,465,988,060 | € 1,476,960,917 | ▲ 1% |
| Cash | € 13,331,387 | € 11,104,456 | € 9,361,013 | € 10,630,672 | ▲ 14% |
| Retained profit | € 45,175,366 | € 47,141,648 | € 49,227,148 | € 51,706,091 | ▲ 5% |
| Dividend | € 36,763,108 | € 32,570,738 | € 48,896,907 | € 50,000,809 | ▲ 2% |
| Bank debt | € 1,364,865,043 | € 1,383,972,704 | € 1,349,337,532 | € 1,347,619,750 | |
| Balance sheet total | € 1,526,993,209 | € 1,560,873,579 | € 1,543,191,813 | € 1,556,545,394 | ▲ 1% |
| Employees (FTE) | 141.4 | 141.8 | 141.1 | 141.1 |
Key figures of ING LEASE BELGIUM, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to ING LEASE BELGIUM?
What happened at ING LEASE BELGIUM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Sandra Simundza Bilandzic stepped down as director. NBB
- Saskia Bauters stepped down as director. NBB
- IHSAN CAKIR stepped down as director. NBB
- HANS DE MUNCK stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 52.5 million (▲ 3% vs 2024). Source: NBB ↗
- PETER GOBEL stepped down as director. NBB
- Saskia Bauters became a director. NBB
- Sandra Simundza Bilandzic became a director. NBB
In short
From € 40.8 million profit in 2022 to € 52.5 million profit in 2025.
Paid € 10 million in corporate taxes since 2022.
Best year ever: 2025, with € 52.5 million profit.
Paid out € 168.2 million in dividends to the owners in total.
Management
The shares are held by ING BELGIUM N.V. (100%). It owns 100% of ING ASSET FINANCE BELGIUM, 100% of ING COMMERCIAL FINANCE BELUX and 100% of ING EQUIPMENT LEASE BELGIUM itself.
Directors
According to the 2025 annual accounts
PETER GOBEL
Director
since 2022 · until 2025
Sandra Simundza Bilandzic
Director
since 2023 · until 2029
since 2022 · until 2028
Saskia Bauters
Director
since 2025 · until 2029
HANS DE MUNCK
Director
since 2020 · until 2026
Shareholders
100%
Participations
Establishments
Establishment units
Physical locations of this company
Marnixlaan 24
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 49 companies are registered at this address.
All companies at this address →Propriétés et Immeubles
Fiducre
€ 56.4 million revenue · 2025
ING BELGIE same network
Sagerpar
Caisse Générale de Reports et de Dépots
+44 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0402.918.402
- VAT number
- BE 0402.918.402
- Registered office
- Marnixlaan 24, 1000 Brussel
- Names & denominations
- ING LEASE BELGIUM
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 November 1961
- Peppol
- Active · Active since 5 Oct 2026
- Activities · NACE
Financiële lease
Financiële leasing