Atenor SA
Atenor SA operates as a real estate development company in Belgium, Luxembourg, the Netherlands, France, Germany, Portugal, Poland, Hungary, Britain, and Romania. It develops residential and non-residential projects. The company also engages in the installation, maintenance, and repair of equipment, as well as in the renovation of buildings. In addition, it develops mixed-use urban projects, incl… Read more
Atenor SA (ATEB) - Net Assets
Latest net assets as of December 2025: €209.08 Million EUR
Based on the latest financial reports, Atenor SA (ATEB) has net assets worth €209.08 Million EUR as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€871.60 Million) and total liabilities (€662.52 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €209.08 Million |
| % of Total Assets | 23.99% |
| Annual Growth Rate | -0.79% |
| 5-Year Change | -30.55% |
| 10-Year Change | 49.99% |
| Growth Volatility | 20.51 |
Atenor SA - Net Assets Trend (2004–2025)
This chart illustrates how Atenor SA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Atenor SA (2004–2025)
The table below shows the annual net assets of Atenor SA from 2004 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €209.08 Million | -28.24% |
| 2024-12-31 | €291.36 Million | -15.38% |
| 2023-12-31 | €344.31 Million | +25.83% |
| 2022-12-31 | €273.62 Million | -9.11% |
| 2021-12-31 | €301.04 Million | +15.25% |
| 2020-12-31 | €261.21 Million | +39.65% |
| 2019-12-31 | €187.05 Million | +9.84% |
| 2018-12-31 | €170.30 Million | +13.81% |
| 2017-12-31 | €149.64 Million | +7.35% |
| 2016-12-31 | €139.40 Million | +9.93% |
| 2015-12-31 | €126.80 Million | +12.31% |
| 2014-12-31 | €112.90 Million | +7.75% |
| 2013-12-31 | €104.79 Million | +6.12% |
| 2012-12-31 | €98.74 Million | +1.26% |
| 2011-12-31 | €97.52 Million | -3.00% |
| 2010-12-31 | €100.53 Million | -14.19% |
| 2009-12-31 | €117.16 Million | -6.61% |
| 2008-12-31 | €125.45 Million | +21.73% |
| 2007-12-31 | €103.06 Million | -52.91% |
| 2006-12-31 | €218.84 Million | +20.09% |
| 2005-12-31 | €182.24 Million | -26.22% |
| 2004-12-31 | €247.01 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Atenor SA'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 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | €302.86 Million | 146.93% |
| Other Comprehensive Income | €-14.76 Million | -7.16% |
| Total Equity | €206.13 Million | 100.00% |
Atenor SA Competitors by Market Cap
The table below lists competitors of Atenor SA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Empress Royalty Corp
OTCQB:EMPYF
|
$37.54 Million |
|
Element 29 Resources Inc
OTCQB:EMTRF
|
$37.55 Million |
|
Uzma Bhd
KLSE:7250
|
$37.56 Million |
|
Sigma Advanced Systems Limited
NSE:SIGMAADV
|
$37.56 Million |
|
YAMASHINA
F:1Y0
|
$37.54 Million |
|
Lipocine Inc
NASDAQ:LPCN
|
$37.54 Million |
|
Unictron Technologies Corp
TW:6792
|
$37.53 Million |
|
Hyundai E P
KO:089470
|
$37.52 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Atenor SA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 289,877,000 to 206,135,000, a change of -83,742,000 (-28.9%).
- Net loss of 138,732,000 reduced equity.
- Other comprehensive income increased equity by 9,829,001.
- Other factors increased equity by 45,160,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-138.73 Million | -67.3% |
| Other Comprehensive Income | €9.83 Million | +4.77% |
| Other Changes | €45.16 Million | +21.91% |
| Total Change | €- | -28.89% |
Book Value vs Market Value Analysis
This analysis compares Atenor SA'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: 0.60x
- 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 0.03x to 0.60x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | €79.48 | €2.16 | x |
| 2005-12-31 | €11.98 | €2.16 | x |
| 2006-12-31 | €14.40 | €2.16 | x |
| 2007-12-31 | €19.60 | €2.16 | x |
| 2008-12-31 | €23.96 | €2.16 | x |
| 2009-12-31 | €22.42 | €2.16 | x |
| 2010-12-31 | €19.24 | €2.16 | x |
| 2011-12-31 | €18.67 | €2.16 | x |
| 2012-12-31 | €18.77 | €2.16 | x |
| 2013-12-31 | €20.28 | €2.16 | x |
| 2014-12-31 | €21.00 | €2.16 | x |
| 2015-12-31 | €22.79 | €2.16 | x |
| 2016-12-31 | €25.04 | €2.16 | x |
| 2017-12-31 | €26.91 | €2.16 | x |
| 2018-12-31 | €30.81 | €2.16 | x |
| 2019-12-31 | €18.67 | €2.16 | x |
| 2020-12-31 | €24.17 | €2.16 | x |
| 2021-12-31 | €25.02 | €2.16 | x |
| 2022-12-31 | €22.74 | €2.16 | x |
| 2023-12-31 | €33.94 | €2.16 | x |
| 2024-12-31 | €6.68 | €2.16 | x |
| 2025-12-31 | €3.59 | €2.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Atenor SA 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): -67.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -94.35%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 4.23x
- Recent ROE (-67.30%) is below the historical average (6.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -3.54% | -1.24% | 0.59x | 4.86x | €-7.82 Million |
| 2005 | 17.65% | 141.90% | 0.04x | 3.34x | €4.78 Million |
| 2006 | 17.01% | 6.63% | 0.84x | 3.07x | €5.30 Million |
| 2007 | 35.42% | 105.88% | 0.14x | 2.32x | €26.17 Million |
| 2008 | 32.69% | 102.83% | 0.17x | 1.90x | €28.56 Million |
| 2009 | 6.11% | 20.30% | 0.15x | 2.03x | €-4.58 Million |
| 2010 | -1.58% | -14.61% | 0.04x | 2.67x | €-11.71 Million |
| 2011 | 11.54% | 31.05% | 0.13x | 2.84x | €1.51 Million |
| 2012 | 9.62% | 20.65% | 0.12x | 4.00x | €-371.50K |
| 2013 | 11.48% | 10.92% | 0.29x | 3.60x | €1.55 Million |
| 2014 | 13.58% | 13.84% | 0.25x | 3.98x | €4.04 Million |
| 2015 | 15.74% | 17.09% | 0.21x | 4.35x | €7.28 Million |
| 2016 | 14.91% | 12.99% | 0.23x | 5.02x | €6.71 Million |
| 2017 | 15.12% | 10.06% | 0.37x | 4.04x | €7.51 Million |
| 2018 | 21.02% | 35.26% | 0.15x | 4.01x | €18.44 Million |
| 2019 | 20.50% | 35.24% | 0.13x | 4.55x | €19.35 Million |
| 2020 | 9.33% | 18.28% | 0.12x | 4.09x | €-1.73 Million |
| 2021 | 12.75% | 21.86% | 0.14x | 4.12x | €8.21 Million |
| 2022 | -0.31% | -2.06% | 0.03x | 4.72x | €-27.98 Million |
| 2023 | -31.23% | -119.73% | 0.07x | 3.87x | €-141.44 Million |
| 2024 | -13.59% | -11.83% | 0.29x | 3.95x | €-68.38 Million |
| 2025 | -67.30% | -94.35% | 0.17x | 4.23x | €-159.35 Million |
Industry Comparison
This section compares Atenor SA's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $220,079,667
- Average return on equity (ROE) among peers: 3.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Atenor SA (ATEB) | €209.08 Million | -3.54% | 3.17x | $37.54 Million |
| Banimmo SA (BANI) | $44.61 Million | -3.68% | 2.17x | $11.90 Million |
| Iep Invest (IEP) | $121.14 Million | 8.93% | 0.20x | $13.39 Million |
| Immobel (IMMO) | $494.49 Million | 6.73% | 1.90x | $98.43 Million |