Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
7.32%
0%
7.32%
6 Months
-1.91%
0%
-1.91%
1 Year
11.19%
0%
11.19%
2 Years
7.32%
0%
7.32%
3 Years
7.32%
0%
7.32%
4 Years
12.82%
0%
12.82%
5 Years
22.22%
0%
22.22%
Vastned Belgium NV for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
8.99%
EBIT Growth (5y)
-12.34%
EBIT to Interest (avg)
8.42
Debt to EBITDA (avg)
Negative Net Debt
Net Debt to Equity (avg)
0
Sales to Capital Employed (avg)
0
Tax Ratio
0.27%
Dividend Payout Ratio
110.24%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
4.89%
ROE (avg)
5.78%
Valuation key factors
Factor
Value
P/E Ratio
15
Industry P/E
Price to Book Value
0.82
EV to EBIT
70.45
EV to EBITDA
70.45
EV to Capital Employed
0.82
EV to Sales
18.54
PEG Ratio
NA
Dividend Yield
0.01%
ROCE (Latest)
1.16%
ROE (Latest)
5.43%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bullish
Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bullish
Mildly Bullish
Moving Averages
Bullish (Daily)
KST
Bullish
Bullish
Dow Theory
No Trend
No Trend
OBV
No Trend
No Trend
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Quarterly Results Snapshot (Consolidated) - Mar'25 - YoY
Mar'25
Mar'24
Change(%)
Net Sales
16.80
5.90
184.75%
Operating Profit (PBDIT) excl Other Income
0.00
4.20
-100.00%
Interest
0.00
0.70
-100.00%
Exceptional Items
0.00
0.40
-100.00%
Consolidate Net Profit
32.40
4.30
653.49%
Operating Profit Margin (Excl OI)
0.00%
712.20%
-71.22%
USD in Million.
Net Sales
YoY Growth in quarter ended Mar 2025 is 184.75% vs 3.51% in Mar 2024
Consolidated Net Profit
YoY Growth in quarter ended Mar 2025 is 653.49% vs 22.86% in Mar 2024
Annual Results Snapshot (Consolidated) - Dec'24
Dec'24
Dec'23
Change(%)
Net Sales
20.30
20.30
Operating Profit (PBDIT) excl Other Income
12.70
14.50
-12.41%
Interest
3.20
1.80
77.78%
Exceptional Items
1.10
-1.10
200.00%
Consolidate Net Profit
10.60
11.30
-6.19%
Operating Profit Margin (Excl OI)
609.00%
703.80%
-9.48%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2024 is 0.00% vs 8.56% in Dec 2023
Consolidated Net Profit
YoY Growth in year ended Dec 2024 is -6.19% vs -22.07% in Dec 2023
About Vastned Belgium NV 
Vastned Belgium NV
Realty
Vastned Retail Belgium SA is a Belgium-based property investment fund. It invests exclusively in Belgian commercial real estate, focusing primarily on inner-city shops in prime locations as well as retail warehouses and shopping centers. The Company’s Inner-city Shops segment includes shops that are located in developed commercial centers with a concentration of large-scale retail organizations. The Retail Warehouses and Shopping Centers segment includes: single buildings or retail parks along the major traffic axes, where retail parks are clusters of retail warehouses, often conceived as trading complexes with shared parking areas, as well as shopping centers, such as complexes comprising different shops that are dependent commercially on each other and which have joined commercial and promotional assets.
Company Coordinates 
Company Details
Generaal Lemanstraat 74, Anvers , BERCHEM None : 2600
Registrar Details






