NSI NV (NSI) - Net Assets

Latest as of December 2025: €643.65 Million EUR ≈ $752.49 Million USD

Based on the latest financial reports, NSI NV (NSI) has net assets worth €643.65 Million EUR (≈ $752.49 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.04 Billion ≈ $1.21 Billion USD) and total liabilities (€394.23 Million ≈ $460.89 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check NSI NV tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€643.65 Million
% of Total Assets	62.02%
Annual Growth Rate	0.49%
5-Year Change	-32.14%
10-Year Change	6.52%
Growth Volatility	17.05

NSI NV - Net Assets Trend (2005–2025)

This chart illustrates how NSI NV's net assets have evolved over time, based on quarterly financial data. See NSI NV defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for NSI NV (2005–2025)

The table below shows the annual net assets of NSI NV from 2005 to 2025. For live valuation and market cap data, see NSI NV (NSI) total market value.

Year	Net Assets	Change
2025-12-31	€643.65 Million ≈ $752.49 Million	-4.27%
2024-12-31	€672.34 Million ≈ $786.04 Million	-5.29%
2023-12-31	€709.88 Million ≈ $829.93 Million	-19.97%
2022-12-31	€887.01 Million ≈ $1.04 Billion	-6.48%
2021-12-31	€948.46 Million ≈ $1.11 Billion	+11.00%
2020-12-31	€854.44 Million ≈ $998.93 Million	-5.41%
2019-12-31	€903.31 Million ≈ $1.06 Billion	+23.19%
2018-12-31	€733.28 Million ≈ $857.28 Million	+9.01%
2017-12-31	€672.69 Million ≈ $786.44 Million	+11.33%
2016-12-31	€604.25 Million ≈ $706.44 Million	-8.55%
2015-12-31	€660.72 Million ≈ $772.45 Million	-16.25%
2014-12-31	€788.95 Million ≈ $922.36 Million	-15.43%
2013-12-31	€932.91 Million ≈ $1.09 Billion	+18.12%
2012-12-31	€789.79 Million ≈ $923.35 Million	-13.17%
2011-12-31	€909.62 Million ≈ $1.06 Billion	+56.39%
2010-12-31	€581.63 Million ≈ $679.98 Million	+4.83%
2009-12-31	€554.83 Million ≈ $648.65 Million	-4.70%
2008-12-31	€582.18 Million ≈ $680.63 Million	-10.90%
2007-12-31	€653.41 Million ≈ $763.90 Million	+6.03%
2006-12-31	€616.26 Million ≈ $720.48 Million	+5.65%
2005-12-31	€583.29 Million ≈ $681.93 Million	--

Equity Component Analysis

This analysis shows how different components contribute to NSI NV's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have decreased by 117.8% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	€71.83 Million	11.21%
Other Components	€578.69 Million	90.32%
Total Equity	€640.73 Million	100.00%

NSI NV Competitors by Market Cap

The table below lists competitors of NSI NV ranked by their market capitalization.

Company	Market Cap
CapsoVision, Inc. Common Stock NASDAQ:CV	$354.93 Million
Oma Saastopankki Oyj HE:OMASP	$355.08 Million
TianJin JinRong TianYu Precision Machinery Inc. SHE:300988	$355.17 Million
ZKH Group Limited NYSE:ZKH	$355.36 Million
Saratoga Investment Corp NYSE:SAR	$354.75 Million
Guangdong New Grand Long Packing Co Ltd SHE:002836	$354.68 Million
Beijing Integrity Technology Co. Ltd. A SHG:688244	$354.55 Million
Chemclin Diagnostics Co. Ltd. A SHG:688468	$354.52 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in NSI NV's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 672,344,000 to 640,728,000, a change of -31,616,000 (-4.7%).
Net loss of 9,790,000 reduced equity.
Dividend payments of 21,826,000 reduced retained earnings.
Other comprehensive income increased equity by 309,268,000.
Other factors decreased equity by 309,268,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€-9.79 Million	-1.53%
Dividends Paid	€21.83 Million	-3.41%
Other Comprehensive Income	€309.27 Million	+48.27%
Other Changes	€-309.27 Million	-48.27%
Total Change	€-	-4.70%

Book Value vs Market Value Analysis

This analysis compares NSI NV's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 0.53x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has increased from 0.13x to 0.53x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	€133.87	€17.52	x
2006-12-31	€134.09	€17.52	x
2007-12-31	€142.17	€17.52	x
2008-12-31	€126.67	€17.52	x
2009-12-31	€114.06	€17.52	x
2010-12-31	€104.59	€17.52	x
2011-12-31	€129.44	€17.52	x
2012-12-31	€80.74	€17.52	x
2013-12-31	€82.26	€17.52	x
2014-12-31	€34.39	€17.52	x
2015-12-31	€35.92	€17.52	x
2016-12-31	€32.84	€17.52	x
2017-12-31	€36.09	€17.52	x
2018-12-31	€38.62	€17.52	x
2019-12-31	€48.17	€17.52	x
2020-12-31	€44.64	€17.52	x
2021-12-31	€48.64	€17.52	x
2022-12-31	€44.64	€17.52	x
2023-12-31	€35.29	€17.52	x
2024-12-31	€34.32	€17.52	x
2025-12-31	€33.07	€17.52	x

Capital Efficiency Dashboard

This dashboard shows how efficiently NSI NV utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): -1.53%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -11.18%
• Asset Turnover: 0.08x
• Equity Multiplier: 1.62x
Recent ROE (-1.53%) is below the historical average (1.69%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	15.32%	101.06%	0.07x	2.06x	€31.04 Million
2006	13.25%	88.79%	0.07x	2.05x	€20.01 Million
2007	13.02%	94.92%	0.07x	1.91x	€19.74 Million
2008	-3.67%	-20.98%	0.07x	2.46x	€-79.56 Million
2009	-2.63%	-14.06%	0.08x	2.38x	€-70.08 Million
2010	4.31%	21.15%	0.09x	2.39x	€-33.08 Million
2011	8.10%	97.99%	0.03x	3.01x	€-14.84 Million
2012	-15.46%	-56.18%	0.09x	3.22x	€-169.80 Million
2013	-16.74%	-80.49%	0.09x	2.31x	€-214.19 Million
2014	-21.63%	-88.49%	0.09x	2.69x	€-200.17 Million
2015	9.65%	95.71%	0.05x	1.95x	€-2.28 Million
2016	-2.95%	-16.68%	0.09x	1.93x	€-78.26 Million
2017	13.62%	90.71%	0.09x	1.66x	€24.33 Million
2018	12.48%	94.18%	0.08x	1.66x	€18.20 Million
2019	21.73%	205.23%	0.07x	1.43x	€105.97 Million
2020	-2.39%	-22.82%	0.07x	1.47x	€-105.86 Million
2021	12.75%	134.15%	0.07x	1.44x	€26.12 Million
2022	-3.54%	-38.10%	0.06x	1.44x	€-120.07 Million
2023	-20.06%	-168.14%	0.08x	1.53x	€-213.36 Million
2024	1.84%	14.38%	0.08x	1.56x	€-54.86 Million
2025	-1.53%	-11.18%	0.08x	1.62x	€-73.86 Million

Industry Comparison

This section compares NSI NV's net assets metrics with peer companies in the REIT - Office industry.

No peer company data available for comparison.

About NSI NV

AS:NSI Netherlands REIT - Office

Market Cap

$378.62 Million

€323.85 Million EUR

Market Cap Rank

#14168 Global

#66 in Netherlands

Share Price

€17.52

Change (1 day)

+0.23%

52-Week Range

€16.70 - €24.65

All Time High

€36.20