The positive development of the leasing market is reflected both in production and in the outstanding volume. Total production (movable and immovable leasing) was 6.0% higher in 2025 than in 2024 and amounted to EUR 9.3 billion.

The outstanding volume likewise reflects the sector’s continued growth. At the end of 2025, the outstanding amount of movable and immovable leasing was 5.3% higher than a year earlier, reaching a volume of EUR 24.1 billion.

Immovable leasing production (e.g. offices, factories, etc.) recorded a particularly strong increase and was 42.5% higher in 2025 than in 2024. This exceptional growth is mainly attributable to the conclusion of a number of very large immovable leasing contracts during 2025.

Total movable leasing production (e.g. cars, production equipment, etc.) increased by 2.7% compared to 2024. Within movable leasing, however, trends differed depending on the type of equipment. Leasing production of computers and office equipment rose sharply (+10.9%). Leasing of machinery and industrial equipment also increased (+5.1%). In addition, the company car segment once again recorded clear growth (+8.4%).

By contrast, leasing production of passenger cars declined by 1% in 2025. Two factors explain this decrease: on the one hand, there is a trend towards longer leasing terms, and on the other hand, fewer passenger cars were registered in 2025 than in the previous year. Of the total number of newly leased new and second-hand passenger cars in 2025, 21% had an internal combustion engine. Hybrid vehicles accounted for 35%, while 43% of leased passenger cars were fully electric. Electrification therefore remains a key feature of the leasing market.

With regard to leasing contracts for renewable energy production, the strong result of 2024 was not repeated. In 2025, such contracts amounted to EUR 72.8 million, compared to EUR 127.3 million in 2024. Leasing contracts for renewable energy production primarily relate to solar panels, wind turbines and combined heat and power installations (CHP).

Finally, these developments can also be considered as part of the broader investment context.

The evolution of leasing production is linked to developments in business investment. The penetration rate — in other words, the extent to which companies finance their investments through leasing — increased slightly from 8.6% in 2024 to 8.7% in 2025. This evolution is partly attributable to the 6% increase in leasing production.

These figures show that leasing continued to play a stable and relevant role in the financing of business investments in Belgium in 2025. Despite a challenging economic context, companies continue to rely on leasing as a flexible financing instrument, while the leasing market continues to grow structurally.