1. Belgium Stocks

  2. •

    Finance

  3. •

    Real estate development
Vastned

Vastned

27.55
EUR
-0.10
(-0.36%)
521.69MMarket Cap
Feb 22Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
4.59
4.63
4.15
3.9
3.94
4.06
4.03
3.57
3.55
3.67
3.99
3.96
3.62
- -
Basic EPS, GAAP
2.4
4.04
3.01
4.04
6.83
1.43
0.85
-1.68
0.81
2.85
2.22
2.1
2.52
- -
Free Cash Flow per Basic Share
2.61
2.57
2.26
2.46
2.53
3.02
2.69
2.3
2.78
2.6
2.85
1.82
1.98
- -
Dividend per Share
2.62
2.65
2.72
2.51
2.45
2.62
2.85
2.9
2.05
2.2
2.25
4.65
0.09
- -
Book Value per Share
46.37
47.81
48.14
49.68
54.05
52.86
50.86
46.28
45.04
45.69
45.66
43.16
44.92
43.48
Tangible Book Value per Share
46.36
47.81
48.14
49.68
54.05
52.86
50.82
46.24
45.01
45.67
45.65
43.16
44.92
43.48
Basic Weighted Avg Shares
5
5
5
5
5
5
5
5
5
5
5
5
19
8
Sales/Revenue/Turnover
23
24
21
20
20
21
20
18
18
19
20
20
70
- -
Operating Margin (%)
79.15
77.73
78.44
78.39
80.93
78.97
80.86
77.71
80.88
78.78
79.59
75.78
76.51
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
1
- -
- -
- -
1
- -
Net Income, GAAP
12
20
15
21
35
7
4
-9
4
14
11
11
49
- -
Effective Tax Rate (%)
0.27
1.4
1.42
0.26
0.72
0.28
0.92
- -
- -
0.59
0.83
0.27
17.74
- -
Profit Margin (%)
52.35
87.15
72.59
103.71
173.05
35.12
21.11
-47.06
22.68
77.7
55.67
52.98
69.65
- -
Working Capital
-10
-22
-33
-36
-6
-7
-7
-1
-2
-17
1
- -
-61
-126
LT Debt
114
87
65
60
96
95
93
92
83
66
78
101
444
392
Total Equity
235
243
244
252
275
268
258
235
229
232
232
219
725
702
Return on Invested Capital (%)
4.37
7.32
5.4
6.6
10.11
2.48
1.75
- -
- -
4.06
4.81
4.66
8.21
- -
Return on Capital (%)
4.81
6.97
5.45
6.85
10.35
2.42
1.67
- -
- -
5.16
4.64
4.7
8.43
- -
Return on Common Equity (%)
5.18
8.57
6.28
8.27
13.16
2.67
1.64
-3.46
1.76
6.29
4.87
4.72
10.39
- -

Capital Structure

EUR

•

in mil. unless spec.
Sep'24
Dec'24
Jun'25
ST Debt
- -
- -
115
LT Borrowings
80
101
391
LT Finance Leases
1
1
1
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
16
Market Capitalization
- -
- -
522

Working Capital

EUR

•

in mil. unless spec.
Sep'24
Dec'24
Jun'25
Total Current Assets
6
6
16
Cash, Cash Equivalents & STI
- -
- -
2
Accounts Receivable, Net
2
3
9
Inventories
- -
- -
- -
Total Current Liabilities
7
6
142
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
115
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
22.12%
44.85%
231.01%
Free Cash Flow
31.08%
61.08%
317.44%
Net Income, GAAP
12.56%
87.9%
361.2%
Sales/Revenue/Turnover
24.74%
52.32%
250.83%
Total Cash Common Dividend
0.19%
-1.1%
-92.58%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
20
2025
- -
- -
70
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
2.1
2025
- -
- -
2.52
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
4.65
2025
- -
- -
0.09
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Sven Bosman
Full Time Employees
6
Sector
Finance
Industry
Real estate development
Address
Mercuriusplein 11 Antwerp VLG Belgium 1100 CG
IPO Date
Dec 17, 1999
Website
vastned.be
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Business
Vastned NV Vastned NV (Euronext Brussels: VASTB.BR), formerly Vastned Belgium NV, operates as a public regulated real estate company (RREC) under Belgian law, specializing in the ownership, operation, and development of high-quality commercial real estate properties throughout Belgium; its core portfolio comprises prime inner-city retail properties located on top shopping streets in Antwerp, Brussels, Ghent, and Bruges, high-end retail parks, retail warehouses, and smaller allocations to hospitality and residential units, with properties such as Schuttershofstraat addresses in Antwerp, Steenstraat in Bruges, Veldstraat in Ghent, and various sites in Wallonia and Brussels including Louizalaan and Elsensesteenweg; the company targets vibrant city-center destinations emphasizing heritage preservation, sustainability enhancements, and mixed-use spaces blending shopping, living, working, and leisure. Founded in 1987 and headquartered in Antwerp at Generaal Lemanstraat 61, Vastned NV focuses exclusively on the Belgian market following its strategic consolidation, maintaining a portfolio valued at approximately 310 million euros in fair value as of late 2023 across Flanders (72%), Brussels (19%), and Wallonia (9%), with nearly full occupancy and a balanced debt structure supporting long-term shareholder value through active management and development pipelines. In recent developments, Vastned NV completed a reverse cross-border legal merger on January 1, 2025, in which Vastned Retail N.V. merged into it, simplifying the group structure, relocating headquarters to Belgium, expanding the combined portfolio to around 1.3 billion euros across Belgium, France, the Netherlands, and Spain, and optimizing operations for cost synergies; it secured 345 million euros in new long-term credit facilities from five institutions in December 2024 to refinance maturing debt ahead of the merger; additionally, it acquired Gevaert N.V. on December 24, 2024, and announced an internal merger assimilating Vastned Retail Nederland B.V. and Vastned Retail Monuments B.V. post-cross-border transaction, alongside releasing its half-year report for the first semester of 2025 confirming progress toward objectives.