Immobel
Immobel SA engages in the real estate development business in Belgium, France, Luxembourg, Germany, Poland, Spain, and the United Kingdom. Its portfolio includes office, residential, mixed, and leisure real estate projects. The company was formerly known as Allfin NV and changed its name to Immobel SA in June 2016. The company was incorporated in 1863 and is headquartered in Brussels, Belgium. Im… Read more
Immobel (IMMO) - Net Assets
Latest net assets as of June 2025: €431.70 Million EUR
Based on the latest financial reports, Immobel (IMMO) has net assets worth €431.70 Million EUR as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.50 Billion) and total liabilities (€1.07 Billion). 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 | €431.70 Million |
| % of Total Assets | 28.73% |
| Annual Growth Rate | 3.01% |
| 5-Year Change | -19.07% |
| 10-Year Change | 105.89% |
| Growth Volatility | 17.44 |
Immobel - Net Assets Trend (2002–2024)
This chart illustrates how Immobel's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Immobel (2002–2024)
The table below shows the annual net assets of Immobel from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €400.17 Million | -20.23% |
| 2023-12-31 | €501.68 Million | -12.47% |
| 2022-12-31 | €573.14 Million | -1.68% |
| 2021-12-31 | €582.92 Million | +17.88% |
| 2020-12-31 | €494.49 Million | +15.49% |
| 2019-12-31 | €428.16 Million | +24.20% |
| 2018-12-31 | €344.75 Million | +13.56% |
| 2017-12-31 | €303.58 Million | -3.61% |
| 2016-12-31 | €314.95 Million | +62.05% |
| 2015-12-31 | €194.36 Million | -1.20% |
| 2014-12-31 | €196.71 Million | +7.39% |
| 2013-12-31 | €183.18 Million | -2.47% |
| 2012-12-31 | €187.81 Million | +2.75% |
| 2011-12-31 | €182.79 Million | +6.19% |
| 2010-12-31 | €172.13 Million | +2.04% |
| 2009-12-31 | €168.68 Million | +10.45% |
| 2008-12-31 | €152.73 Million | -25.93% |
| 2007-12-31 | €206.19 Million | +5.45% |
| 2006-12-31 | €195.54 Million | +7.87% |
| 2005-12-31 | €181.27 Million | +3.47% |
| 2004-12-31 | €175.20 Million | +3.30% |
| 2003-12-31 | €169.60 Million | -18.57% |
| 2002-12-31 | €208.27 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Immobel'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 15395900000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €153.96 Million | 40.36% |
| Common Stock | €103.68 Million | 27.18% |
| Other Comprehensive Income | €124.96 Million | 32.76% |
| Total Equity | €381.46 Million | 100.00% |
Immobel Competitors by Market Cap
The table below lists competitors of Immobel ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sapien Semiconductors Inc.
KQ:452430
|
$101.20 Million |
|
Well Shin Technology Co Ltd
TW:3501
|
$101.25 Million |
|
Duxton Water Ltd
AU:D2O
|
$101.27 Million |
|
Omega Flex Inc
NASDAQ:OFLX
|
$101.29 Million |
|
APATOR B ZY 010
F:8QM
|
$101.20 Million |
|
Crossject
PA:ALCJ
|
$101.20 Million |
|
Smartoptics Group AS
OL:SMOP
|
$101.18 Million |
|
Hua Eng Wire & Cable Co Ltd
TW:1608
|
$101.17 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Immobel's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 484,798,000 to 381,461,000, a change of -103,337,000 (-21.3%).
- Net loss of 93,704,000 reduced equity.
- Dividend payments of 5,545,000 reduced retained earnings.
- Other comprehensive income increased equity by 120,412,000.
- Other factors decreased equity by 124,500,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €-93.70 Million | -24.56% |
| Dividends Paid | €5.54 Million | -1.45% |
| Other Comprehensive Income | €120.41 Million | +31.57% |
| Other Changes | €-124.50 Million | -32.64% |
| Total Change | €- | -21.32% |
Book Value vs Market Value Analysis
This analysis compares Immobel'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: 0.63x
- 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 0.47x to 0.63x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | €50.62 | €23.75 | x |
| 2003-12-31 | €41.22 | €23.75 | x |
| 2004-12-31 | €42.58 | €23.75 | x |
| 2005-12-31 | €44.06 | €23.75 | x |
| 2006-12-31 | €47.46 | €23.75 | x |
| 2007-12-31 | €50.02 | €23.75 | x |
| 2008-12-31 | €37.05 | €23.75 | x |
| 2009-12-31 | €40.92 | €23.75 | x |
| 2010-12-31 | €41.76 | €23.75 | x |
| 2011-12-31 | €44.35 | €23.75 | x |
| 2012-12-31 | €45.57 | €23.75 | x |
| 2013-12-31 | €44.44 | €23.75 | x |
| 2014-12-31 | €47.72 | €23.75 | x |
| 2015-12-31 | €47.41 | €23.75 | x |
| 2016-12-31 | €35.50 | €23.75 | x |
| 2017-12-31 | €34.62 | €23.75 | x |
| 2018-12-31 | €39.25 | €23.75 | x |
| 2019-12-31 | €48.45 | €23.75 | x |
| 2020-12-31 | €52.86 | €23.75 | x |
| 2021-12-31 | €57.35 | €23.75 | x |
| 2022-12-31 | €55.81 | €23.75 | x |
| 2023-12-31 | €48.62 | €23.75 | x |
| 2024-12-31 | €37.96 | €23.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Immobel 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): -24.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -24.82%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 4.11x
- Recent ROE (-24.56%) is below the historical average (6.25%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | -5.20% | -9.92% | 0.26x | 1.98x | €-31.65 Million |
| 2003 | 2.16% | 2.84% | 0.28x | 2.70x | €-13.29 Million |
| 2004 | 2.94% | 2.74% | 0.36x | 2.97x | €-12.37 Million |
| 2005 | 9.46% | 11.58% | 0.30x | 2.68x | €-978.80K |
| 2006 | 10.32% | 8.65% | 0.45x | 2.67x | €624.00K |
| 2007 | 24.35% | 37.37% | 0.32x | 2.04x | €29.58 Million |
| 2008 | 4.54% | 14.40% | 0.15x | 2.09x | €-8.33 Million |
| 2009 | 9.25% | 14.63% | 0.30x | 2.13x | €-1.26 Million |
| 2010 | 6.11% | 12.86% | 0.27x | 1.76x | €-6.69 Million |
| 2011 | 8.85% | 20.43% | 0.19x | 2.23x | €-2.10 Million |
| 2012 | 6.24% | 9.24% | 0.30x | 2.22x | €-7.07 Million |
| 2013 | 0.80% | 2.73% | 0.10x | 2.88x | €-16.85 Million |
| 2014 | 10.19% | 63.41% | 0.07x | 2.26x | €370.70K |
| 2015 | 0.38% | 1.37% | 0.12x | 2.30x | €-18.70 Million |
| 2016 | 16.87% | 20.01% | 0.37x | 2.30x | €21.37 Million |
| 2017 | 3.64% | 7.61% | 0.18x | 2.64x | €-19.32 Million |
| 2018 | 16.49% | 18.13% | 0.32x | 2.80x | €22.35 Million |
| 2019 | 24.04% | 25.06% | 0.31x | 3.07x | €59.82 Million |
| 2020 | 6.76% | 9.13% | 0.25x | 2.92x | €-15.92 Million |
| 2021 | 16.12% | 23.70% | 0.23x | 2.98x | €34.99 Million |
| 2022 | 1.93% | 4.54% | 0.13x | 3.17x | €-44.93 Million |
| 2023 | -7.93% | -24.57% | 0.09x | 3.56x | €-86.90 Million |
| 2024 | -24.56% | -24.82% | 0.24x | 4.11x | €-131.85 Million |
Industry Comparison
This section compares Immobel's net assets metrics with peer companies in the Real Estate - Development industry.
Industry Context
- Industry: Real Estate - Development
- Average net assets among peers: $124,942,000
- Average return on equity (ROE) among peers: -20.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Immobel (IMMO) | €431.70 Million | -5.20% | 2.48x | $101.20 Million |
| Atenor SA (ATEB) | $209.08 Million | -66.35% | 3.17x | $37.02 Million |
| Banimmo SA (BANI) | $44.61 Million | -3.68% | 2.17x | $11.99 Million |
| Iep Invest (IEP) | $121.14 Million | 8.93% | 0.20x | $13.39 Million |