1. Belgium Stocks

  2. •

    Finance

  3. •

    Real estate investment trusts
Wereldhave Belgium SCA

Wereldhave Belgium SCA

50.10
EUR
-0.50
(-0.99%)
601.44MMarket Cap
Feb 10Next 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
4.72
5.54
6.58
7.15
7.3
7.98
7.65
7
6.45
6.7
7.31
8.75
10.01
- -
Basic EPS, GAAP
4.4
4.92
5.82
7.81
6.45
4.67
3.07
-2.3
3.65
5.12
2.69
7.76
4.37
- -
Free Cash Flow per Basic Share
3.54
4.8
5.06
5.02
4.85
4.62
5.13
4.15
4.54
4.54
5.91
5.32
6.17
- -
Dividend per Share
3.4
3.51
3.42
4.01
4.17
1.73
1.89
1.73
1.74
2.32
3.44
3.93
1.76
- -
Book Value per Share
62.17
63.09
66.88
70.68
73
73.6
72.21
63.97
63.14
64.62
63.86
67.09
73
71.86
Tangible Book Value per Share
61.91
63.09
66.88
70.68
73
73.6
72.21
63.97
63.14
64.62
63.86
67.09
73
71.86
Basic Weighted Avg Shares
8
8
8
8
8
9
9
10
10
11
11
9
10
11
Sales/Revenue/Turnover
37
44
56
61
62
69
72
67
67
72
79
81
97
- -
Operating Margin (%)
85.7
77.68
74.7
70.38
67.75
63.85
67.94
69.32
63.95
66.04
62.68
64.33
64.17
- -
Depreciation Expense
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Net Income, GAAP
35
39
49
66
55
41
29
-22
38
55
29
72
42
- -
Effective Tax Rate (%)
0.58
1.77
0.31
0.33
0.42
- -
- -
- -
0.26
0.08
0.25
0.14
4.06
- -
Profit Margin (%)
93.17
88.85
88.54
109.23
88.36
58.57
40.17
-32.85
56.59
76.49
36.8
88.76
43.67
- -
Working Capital
-8
-89
-57
-38
-23
-166
-84
-109
-67
-60
-30
-45
-54
-83
LT Debt
113
169
146
162
208
110
180
153
110
197
235
222
330
334
Total Equity
491
498
567
600
619
678
689
651
671
702
694
729
835
822
Return on Invested Capital (%)
5.92
5.03
6.85
8.67
6.84
- -
- -
- -
4.51
4.93
5.15
8.51
4.77
- -
Return on Capital (%)
6.03
6.24
7.18
8.67
6.88
- -
- -
- -
4.87
6.77
4.41
8.93
5.25
- -
Return on Common Equity (%)
7.15
7.86
9.27
11.35
8.97
6.25
4.23
-3.31
5.78
8.05
4.19
10.11
5.42
- -

Capital Structure

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
ST Debt
25
66
45
LT Borrowings
280
330
334
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
11
11
Market Capitalization
581
595
601

Working Capital

EUR

•

in mil. unless spec.
Jun'25
Dec'25
Jun'26
Total Current Assets
43
64
46
Cash, Cash Equivalents & STI
13
32
11
Accounts Receivable, Net
27
17
34
Inventories
- -
- -
- -
Total Current Liabilities
131
118
128
Payables & Accruals
- -
- -
- -
ST Debt
25
66
45
Deferred Revenue
- -
- -
- -

Growth Rates

EUR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
4.07%
5.24%
14.53%
Free Cash Flow
4.8%
10.3%
21.55%
Net Income, GAAP
-38.42%
-33.99%
-41.05%
Sales/Revenue/Turnover
5.91%
7.77%
19.81%
Total Cash Common Dividend
1.59%
8.12%
-53.27%

Semi-annual Revenue

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
81
2025
- -
- -
97
2026
- -
- -
- -

Semi-annual Earnings Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
7.76
2025
- -
- -
4.37
2026
- -
- -
- -

Semi-annual Dividends Per Share

EUR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
3.93
2025
- -
- -
1.76
2026
- -
- -
- -

Company Description

Company Profile APIChatGPT
CEO
Matthijs Storm
Full Time Employees
69
Sector
Finance
Industry
Real estate investment trusts
Address
Medialaan 30/6 Vilvoorde VL Belgium 1800
IPO Date
Nov 18, 2010
Website
wereldhavebelgium.com
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Business
Wereldhave Belgium NV (WEHB.BR) operates as a publicly regulated real estate investment company (RREC/OGVV/GVV) under Belgian law, specializing in the ownership, management, active development, and redevelopment of commercial properties, primarily retail assets including shopping centers and retail parks; it also maintains a portfolio of office properties. The company's core offerings encompass full-service shopping centers equipped with retail leasing, services such as package handling through The Point (processing 9,500 to 14,500 packages annually), dry cleaning, copy and print, passport photos, baby carriage rentals, and powerbank lending, alongside mixed-use developments and value-creation strategies focused on tenant relations, vacancy reduction, and other income enhancement; its operational retail portfolio features key assets in Liege, Nivelles, Tournai, Genk, Ghent, Waterloo, and Kortrijk, while office holdings are located in Brussels, Vilvoorde, and Antwerp. Founded in 1972 (with roots tracing to predecessor activities around 1981) and headquartered in Vilvoorde, Belgium, Wereldhave Belgium primarily serves the Belgian market with selective expansion into neighboring Luxembourg, targeting urban areas with at least 100,000 residents within a 10-minute drive; it is 68% owned by parent Wereldhave NV, a Dutch-listed real estate investor. Recent major developments include the February 2025 acquisition of Knauf Shopping Pommerloch in Luxembourg (approximately 33,000 m² gross leasable area, financed via new unsecured debt), the November 2025 agreement to acquire Ville2 shopping center in Charleroi for €120 million at an 8.0% net initial yield (expected to close in December 2025, enhancing its Walloon region presence under the LifeCentral full-service strategy), and plans to roll out 350 electric vehicle charging points across its portfolio by 2026. These transactions align with a growth phase emphasizing accretive investments, sustainable full-service platforms combining shopping, dining, wellness, work, and community spaces, and operational improvements like financing arrangements for €100 million in new credit facilities in January 2025.