1. Belgium Stocks

  2. •

    Finance

  3. •

    Real estate development
Immobel SA

Immobel SA

18.05
EUR
0.00
(0.00%)
233.70MMarket Cap
Mar 11Next 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
6.54
7.42
12.73
28.96
16.01
34.58
45.04
37.91
37.76
22.93
15.18
37.57
32.64
- -
Basic EPS, GAAP
0.35
4.71
0.17
5.8
1.22
6.27
11.29
3.46
8.95
1.04
-3.73
-9.33
4.74
- -
Free Cash Flow per Basic Share
-13.99
-2.13
1.75
8.28
-1.71
-6.76
-17.01
-5.94
-1.57
-8.23
-12.42
5.41
15.37
- -
Dividend per Share
1.35
1.55
0.78
3.37
2.25
2.13
2.34
2.81
2.81
2.95
2.95
0.55
- -
- -
Book Value per Share
43
46.18
45.63
34.33
33.51
38
46.94
49.56
55.48
54.01
47.05
37.3
42.38
42.38
Tangible Book Value per Share
42.98
46.14
45.59
34.32
33.46
37.95
42.06
45.09
51.2
53.88
46.88
37.14
42.25
42.25
Basic Weighted Avg Shares
4
4
4
9
9
9
9
10
10
10
10
10
10
10
Sales/Revenue/Turnover
28
32
54
262
145
313
409
364
389
236
156
378
334
- -
Operating Margin (%)
3
-7.81
14.94
11.41
15.1
18.97
20.95
10.15
13.99
-2.45
2.59
2.88
15.94
- -
Depreciation Expense
- -
2
3
- -
- -
5
6
4
5
6
5
3
3
- -
Net Income, GAAP
1
20
1
52
11
57
102
33
92
11
-38
-94
48
- -
Effective Tax Rate (%)
- -
2.95
- -
15.96
46.74
13.17
8.41
20.26
1.72
20.99
- -
- -
- -
- -
Profit Margin (%)
5.28
63.41
1.37
20.01
7.61
18.13
25.06
9.13
23.7
4.54
-24.57
-24.82
14.51
- -
Working Capital
249
272
272
513
576
496
738
656
612
955
950
530
485
485
LT Debt
138
150
144
282
330
322
507
571
508
723
788
431
341
341
Total Equity
183
197
194
315
304
345
428
494
583
573
502
400
454
454
Return on Invested Capital (%)
- -
6.78
- -
10.79
1.97
7.72
10.56
3.28
3.9
-2.63
- -
- -
- -
- -
Return on Capital (%)
- -
7.35
- -
11.25
2.15
7.94
10.92
3.52
7.28
0.98
- -
- -
- -
- -
Return on Common Equity (%)
0.79
10.55
0.38
20.77
3.59
17.53
26.58
7.25
17.33
1.9
-7.38
-21.63
11.89
- -

Capital Structure

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
ST Debt
552
475
435
LT Borrowings
424
438
336
LT Finance Leases
7
6
6
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
10
10
10
Market Capitalization
188
191
234

Working Capital

EUR

•

in mil. unless spec.
Dec'24
Jun'25
Dec'25
Total Current Assets
1,239
1,139
1,040
Cash, Cash Equivalents & STI
183
156
125
Accounts Receivable, Net
34
32
33
Inventories
953
917
827
Total Current Liabilities
709
594
555
Payables & Accruals
- -
- -
- -
ST Debt
552
475
435
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
10.87%
-0.6%
13.51%
Free Cash Flow
162.88%
90.07%
189.26%
Net Income, GAAP
698.14%
-75.51%
-151.7%
Sales/Revenue/Turnover
54.07%
12.7%
-11.56%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
156
2024
- -
- -
378
2025
- -
- -
334

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
-3.73
2024
- -
- -
-9.33
2025
- -
- -
4.74

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2023
- -
- -
2.95
2024
- -
- -
0.55
2025
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Adel Yahia
Full Time Employees
150
Sector
Finance
Industry
Real estate development
Address
Boulevard Anspach 1 Brussels BU Belgium 1000
IPO Date
Jan 1, 1863
Website
immobelgroup.com
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Business
Immobel SA (IMMO.BR) develops and markets urban real estate projects across Europe, focusing on office properties, residential developments, land banking, retail, mixed-use, and hospitality sectors; its portfolio includes flagship projects such as Belair, Black Pearl, Parc Seny, Gateway, Bella Vita, and Chastre Rue Du Chene in Belgium, Westside Village, Green Hill, and Galerie Kons in Luxembourg, and Cedet, CBD One, and Okraglak in Poland. The company, founded in 1863 and headquartered at Boulevard Anspach 1 in Brussels, Belgium, operates primarily in Belgium, France, Luxembourg, Germany, Poland, Spain, and the United Kingdom, serving institutional investors, the state, the European Union, and private clients for office complexes, housing, and land purchases. As a subsidiary of A³ Capital NV, formerly known as Allfin NV before renaming to Immobel SA in June 2016, it reported half-year sales of EUR 148.27 million for the period ended June 30, 2025, with full-year 2024 revenue reaching EUR 377.51 million driven by residential (EUR 334 million), land banking (EUR 34.22 million), and offices (EUR 2.09 million), alongside geographic sales led by Belgium (EUR 119 million), Poland (EUR 118 million), and Luxembourg (EUR 62.09 million). Recent developments include the sale of its Brussels office building at Sainctelette Square 2 to AWEX and WBI in August 2025, the transfer of urban planning and environmental permits for the Bel Towers project (formerly Proximus towers) to Nextensa for EUR 18 million in early 2025 as part of a mixed-use redevelopment, and strategic portfolio reorientation amid a 141% revenue increase in 2024.