Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 34 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GENERAL LEASE from Tongeren, company number BE0431586751, closed financial year 2025 with a result of € 18.8 million after tax. For that financial year GENERAL LEASE recorded revenue of € 73.6 million and equity of € 29.4 million. Compared with financial year 2024, the result moved from € 13 million to € 18.8 million. Profitable, and profit is growing. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 27, 2026.
€ 29.4 million
▼ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18.8 million
▲ 44% vs 2024
Profit after tax over the fiscal year.
€ 321,377
▼ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 22.9 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
42.3
▼ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.6 million
▲ 13% vs 2024
€ 61,000 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.
€ 75,243
▲ 47% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 36 million
▼ 26% vs 2024
Loans from banks and other lenders, long and short.
€ 37.7 million
▲ 77% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 363 days on average.
€ 2.1 million
▲ 56% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 53,108,730 | € 78,320,991 | € 76,014,194 | € 73,599,097 | ▼ 3% |
| Profit after taxes | € 10,723,204 | € 13,789,684 | € 13,038,646 | € 18,829,278 | ▲ 44% |
| Equity | € 29,691,264 | € 32,468,130 | € 33,492,231 | € 29,393,585 | ▼ 12% |
| Total debts | € 73,973,108 | € 114,136,404 | € 111,999,777 | € 127,384,918 | ▲ 14% |
| Cash | € 149,814 | € 404,019 | € 652,790 | € 321,377 | ▼ 51% |
| Land & buildings | € 9,430 | € 7,532 | € 5,634 | € 3,736 | ▼ 34% |
| Retained profit | € 29,010,687 | € 31,787,553 | € 32,811,654 | € 28,713,008 | ▼ 12% |
| Dividend | € 0 | € 11,000,000 | € 12,000,000 | € 22,900,000 | ▲ 91% |
| Bank debt | € 46,236,300 | € 61,253,749 | € 48,376,183 | € 36,000,000 | ▼ 26% |
| Balance sheet total | € 111,574,407 | € 156,220,766 | € 153,454,051 | € 161,409,518 | ▲ 5% |
| Employees (FTE) | 35.5 | 43.6 | 44.9 | 42.3 | ▼ 2.6 |
Key figures of GENERAL LEASE, 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 GENERAL LEASE?
What happened at GENERAL LEASE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Philip Boden stepped down as director. NBB
- SCT INVEST stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 18.8 million (▲ 44% vs 2024). Source: NBB ↗
- Philip Boden became a director. NBB
- SCT INVEST became a director. NBB
- New establishment in Zaventem. KBO
- New establishment in Anderlecht. KBO
- New establishment in Elsene. KBO
In short
From € 10.7 million profit in 2022 to € 18.8 million profit in 2025.
Paid € 18.9 million in corporate taxes since 2022.
Best year ever: 2025, with € 18.8 million profit.
Paid out € 45.9 million in dividends to the owners in total.
Management
The shares are held by General Investments (100%). It owns 100% of General Lease Lux itself.
Directors
According to the 2025 annual accounts
Philip Boden
Managing director
Also active at: General Investments, Garage Philip Boden, GARAGE MICHEL
since 2023 · until 2029
Managing director · represented by Christophe Boden
Owns 51% via General Investments
Also active at: General Investments, Garage Philip Boden, GARAGE MICHEL
since 2023 · until 2029
Shareholders
General Investments · holding of SCT INVEST
100%
Participations
General Lease Lux
100%
Establishments
Establishment units
Physical locations of this company
Overhaamlaan 71
3700 Tongeren
Kroonlaan 263
1050 Elsene
Active since 13 September 1995
Korte Hertstraat 43
1070 Anderlecht
Active since 27 November 2003
Vilvoordelaan .
1930 Zaventem
Active since 1 May 2014
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0431.586.751
- VAT number
- BE 0431.586.751
- Registered office
- Overhaamlaan 71, 3700 Tongeren
- Names & denominations
- GENERAL LEASE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 July 1987
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en lease van personenauto’s en andere lichte motorvoertuigen
Verhuur van auto's
Financiële leasing
Financiële lease
Groothandel in motorvoertuigen
Groothandel in auto's en lichte bestelwagens (<= 3,5 ton)
Groothandel in auto's en lichte bestelwagens (= 3,5 ton)