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    Real Estate - Development
Immobel S.A.

Immobel S.A.

IMMO.BR
Immobel S.A.BE flagEuronext Brussels
21.80
EUR
-0.40
- -
222.96MMarket Cap
Immobel S.A.
IMMO.BR
(Euronext Brussels)

Recent

price

21.80

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
FRC
19.22
17.87
29.76
6.54
7.42
12.73
28.96
16.01
34.58
45.04
37.91
37.76
22.93
15.18
37.57
- -
Revenue per Share
2.48
3.8
2.75
0.35
4.71
0.17
5.8
1.22
6.27
11.29
3.46
8.95
1.04
-3.73
-9.33
- -
Basic EPS, GAAP
-2.46
-17.47
-3.93
-13.99
-2.13
1.75
8.28
-1.71
-6.76
-17.01
-5.94
-1.57
-8.23
-12.42
5.41
- -
Free Cash Flow per Basic Share
1.94
1.21
1.69
1.35
1.55
0.78
3.37
2.25
2.13
2.34
2.81
2.81
2.95
2.95
0.55
- -
Dividend per Share
40.33
42.92
43.98
42.97
46.12
45.77
34.29
33.5
38
46.94
50.91
55.34
53.72
46.63
37.96
- -
Book Value per Share
40.41
42.9
44.07
42.98
46.15
45.84
34.78
33.47
37.99
42.29
46.82
52.33
55.49
48.53
39.66
- -
Tangible Book Value per Share
4
4
4
4
4
4
9
9
9
9
10
10
10
10
10
- -
Basic Weighted Avg Shares
82
76
127
28
32
54
262
145
313
409
364
389
236
156
378
334
Sales/Revenue/Turnover
16.15
24.54
13.35
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
Operating Margin (%)
- -
-1
1
- -
2
3
- -
- -
5
6
4
5
6
5
3
3
Depreciation Expense
11
16
12
1
20
1
52
11
57
102
33
92
11
-38
-94
48
Net Income, GAAP
5.98
7.42
7.22
- -
2.95
- -
15.96
46.74
13.17
8.41
20.26
1.72
20.99
- -
- -
- -
Effective Tax Rate (%)
12.89
21.27
9.23
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
Profit Margin (%)
233
290
223
249
272
272
513
576
496
738
656
612
955
950
530
485
Working Capital
66
109
96
138
150
144
282
330
322
507
571
508
723
788
431
341
LT Debt
172
183
188
183
197
194
315
304
345
428
494
583
573
502
400
454
Total Equity
4.66
5.5
4.59
- -
-0.6
- -
4.76
1.71
6.53
7.73
2.43
3.89
-0.31
- -
- -
- -
Return on Invested Capital (%)
5.83
6.71
5.21
- -
7.35
- -
11.26
2.15
7.94
10.92
3.53
7.29
0.98
- -
- -
- -
Return on Capital (%)
6.18
9.13
6.32
0.79
10.56
0.38
20.81
3.59
17.54
26.59
7.27
17.4
1.91
-7.43
-21.75
11.94
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Working Capital

FRC

•

in mil. unless spec.
No data availableFinancial data will appear here once available

Growth Rates

FRC

•

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
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
156
2024
- -
- -
- -
- -
378
2025
- -
- -
- -
- -
334

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
-3.73
2024
- -
- -
- -
- -
-9.33
2025
- -
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
2.95
2024
- -
- -
- -
- -
0.55
2025
- -
- -
- -
- -
- -
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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.