Ascencio (D) (ASCE) - Net Assets

Latest as of March 2026: €440.38 Million EUR ≈ $514.85 Million USD

Based on the latest financial reports, Ascencio (D) (ASCE) has net assets worth €440.38 Million EUR (≈ $514.85 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€807.88 Million ≈ $944.49 Million USD) and total liabilities (€367.49 Million ≈ $429.64 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. Also explore ASCE current and non-current assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€440.38 Million
% of Total Assets	54.51%
Annual Growth Rate	6.23%
5-Year Change	21.56%
10-Year Change	41.56%
Growth Volatility	11.35

Ascencio (D) - Net Assets Trend (2007–2025)

This chart illustrates how Ascencio (D)'s net assets have evolved over time, based on quarterly financial data. Check ASCE tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Ascencio (D) (2007–2025)

The table below shows the annual net assets of Ascencio (D) from 2007 to 2025. For live valuation and market cap data, see ASCE market cap overview.

Year	Net Assets	Change
2025-09-30	€450.19 Million ≈ $526.33 Million	+1.64%
2024-09-30	€442.92 Million ≈ $517.82 Million	-0.41%
2023-09-30	€444.76 Million ≈ $519.97 Million	+1.77%
2022-09-30	€437.01 Million ≈ $510.91 Million	+18.00%
2021-09-30	€370.35 Million ≈ $432.98 Million	+6.08%
2020-09-30	€349.13 Million ≈ $408.17 Million	-3.85%
2019-09-30	€363.12 Million ≈ $424.53 Million	-0.25%
2018-09-30	€364.02 Million ≈ $425.58 Million	+5.12%
2017-09-30	€346.28 Million ≈ $404.84 Million	+8.88%
2016-09-30	€318.03 Million ≈ $371.81 Million	+10.57%
2015-09-30	€287.62 Million ≈ $336.26 Million	+4.92%
2014-09-30	€274.14 Million ≈ $320.50 Million	+40.15%
2013-09-30	€195.61 Million ≈ $228.69 Million	+4.11%
2012-09-30	€187.89 Million ≈ $219.66 Million	-0.81%
2011-09-30	€189.41 Million ≈ $221.44 Million	+29.64%
2010-09-30	€146.11 Million ≈ $170.82 Million	-0.57%
2009-09-30	€146.95 Million ≈ $171.80 Million	-3.84%
2008-09-30	€152.82 Million ≈ $178.67 Million	+0.83%
2007-09-30	€151.57 Million ≈ $177.20 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Ascencio (D)'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 grown by 198.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (September 2025)

Component	Amount	Percentage
Retained Earnings	€35.64 Million	7.92%
Common Stock	€38.66 Million	8.59%
Other Components	€375.90 Million	83.50%
Total Equity	€450.19 Million	100.00%

Ascencio (D) Competitors by Market Cap

The table below lists competitors of Ascencio (D) ranked by their market capitalization.

Company	Market Cap
Shandong Huapeng Glass Co Ltd SHG:603021	$337.09 Million
AnShan Heavy Duty Mining Machinery Co Ltd SHE:002667	$337.47 Million
Bintang Oto Global Tbk PT JK:BOGA	$337.65 Million
Simei Media Co Ltd SHE:002712	$337.69 Million
Hyundai Motor Securities Co. Ltd. KO:001500	$336.90 Million
Formycon AG XETRA:FYB	$336.85 Million
Goodwill E Health Info Co Ltd SHG:688246	$336.83 Million
Lim Seong Hai Capital Berhad KLSE:0351	$336.78 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ascencio (D)'s equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 442,921,000 to 450,195,000, a change of 7,274,000 (1.6%).
Net income of 35,637,000 contributed positively to equity growth.
Dividend payments of 28,363,000 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€35.64 Million	+7.92%
Dividends Paid	€28.36 Million	-6.3%
Total Change	€-	1.64%

Book Value vs Market Value Analysis

This analysis compares Ascencio (D)'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: 0.76x
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 decreased from 1.13x to 0.76x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-09-30	€45.74	€51.90	x
2008-09-30	€46.12	€51.90	x
2009-09-30	€44.35	€51.90	x
2010-09-30	€44.10	€51.90	x
2011-09-30	€43.21	€51.90	x
2012-09-30	€42.86	€51.90	x
2013-09-30	€44.06	€51.90	x
2014-09-30	€53.42	€51.90	x
2015-09-30	€46.52	€51.90	x
2016-09-30	€49.97	€51.90	x
2017-09-30	€53.29	€51.90	x
2018-09-30	€55.19	€51.90	x
2019-09-30	€55.05	€51.90	x
2020-09-30	€52.93	€51.90	x
2021-09-30	€56.15	€51.90	x
2022-09-30	€66.25	€51.90	x
2023-09-30	€67.43	€51.90	x
2024-09-30	€67.15	€51.90	x
2025-09-30	€68.25	€51.90	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ascencio (D) 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): 7.92%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 57.14%
• Asset Turnover: 0.08x
• Equity Multiplier: 1.72x
Recent ROE (7.92%) is above the historical average (7.91%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	7.87%	86.90%	0.06x	1.45x	€-3.23 Million
2008	5.49%	48.58%	0.07x	1.73x	€-6.90 Million
2009	1.95%	15.53%	0.07x	1.83x	€-11.83 Million
2010	4.91%	38.23%	0.07x	1.96x	€-7.44 Million
2011	6.60%	59.15%	0.06x	1.82x	€-6.43 Million
2012	5.36%	35.13%	0.08x	1.96x	€-8.72 Million
2013	8.39%	53.91%	0.08x	1.95x	€-3.15 Million
2014	5.17%	37.73%	0.08x	1.80x	€-13.24 Million
2015	7.84%	54.05%	0.08x	1.85x	€-6.22 Million
2016	12.65%	90.22%	0.08x	1.83x	€8.43 Million
2017	11.90%	87.75%	0.08x	1.81x	€6.57 Million
2018	9.35%	71.62%	0.08x	1.73x	€-2.38 Million
2019	5.88%	44.62%	0.08x	1.75x	€-14.96 Million
2020	2.65%	17.99%	0.07x	2.04x	€-25.67 Million
2021	12.33%	85.80%	0.07x	1.97x	€8.62 Million
2022	20.74%	164.21%	0.07x	1.79x	€46.95 Million
2023	7.60%	56.21%	0.08x	1.77x	€-10.67 Million
2024	5.76%	41.48%	0.08x	1.76x	€-18.78 Million
2025	7.92%	57.14%	0.08x	1.72x	€-9.38 Million

Industry Comparison

This section compares Ascencio (D)'s net assets metrics with peer companies in the REIT - Retail industry.

Industry Context

Industry: REIT - Retail
Average net assets among peers: $424,993,750
Average return on equity (ROE) among peers: 3.69%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ascencio (D) (ASCE)	€440.38 Million	7.87%	0.83x	$337.05 Million
QRF SCA (QRF)	$128.32 Million	-15.96%	1.00x	$112.30 Million
Retail Estates - Sicafi (RET)	$568.33 Million	8.22%	1.45x	$1.01 Billion
Vastned Retail Belgium (VASTB)	$274.51 Million	12.63%	0.39x	$472.43 Million
Wereldhav B-Sicafi (WEHB)	$728.82 Million	9.86%	0.44x	$631.16 Million

About Ascencio (D)

BR:ASCE Belgium REIT - Retail

Market Cap

$400.22 Million

€342.33 Million EUR

Market Cap Rank

#14132 Global

#61 in Belgium

Share Price

€51.90

Change (1 day)

+0.00%

52-Week Range

€48.70 - €56.20

All Time High

€56.20