Tubize-Fin Net Assets
Tubize-Fin net assets. Based on the latest financial reports, Tubize-Fin (TUB) has net assets worth €1.99 Billion EUR (≈ $2.32 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€1.99 Billion ≈ $2.32 Billion USD) and total liabilities (€360.34K ≈ $421.28K 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. See Tubize-Fin (TUB) net asset quality to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €1.99 Billion |
| % of Total Assets | 99.98% |
| Annual Growth Rate | 5.96% |
| 5-Year Change | -41.93% |
| 10-Year Change | -3.68% |
| Growth Volatility | 17.86 |
Net Assets of Tubize-Fin (2000–2025)
Net assets of Tubize-Fin from 2000 to 2025. This chart illustrates how Tubize-Fin's net assets have evolved over time, based on quarterly financial data. Also explore how fast is Tubize-Fin growing its equity to track the company's year-over-year net asset growth rate.
Annual Net Assets for Tubize-Fin (2000–2025)
The table below shows the annual net assets of Tubize-Fin from 2000 to 2025. For live market cap and overall valuation, see TUB stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €1.89 Billion ≈ $2.20 Billion |
+2.45% |
| 2024-12-31 | €1.84 Billion ≈ $2.15 Billion |
+2.44% |
| 2023-12-31 | €1.80 Billion ≈ $2.10 Billion |
+2.57% |
| 2022-12-31 | €1.75 Billion ≈ $2.05 Billion |
-46.05% |
| 2021-12-31 | €3.25 Billion ≈ $3.80 Billion |
+16.25% |
| 2020-12-31 | €2.79 Billion ≈ $3.27 Billion |
+4.83% |
| 2019-12-31 | €2.66 Billion ≈ $3.11 Billion |
+13.88% |
| 2018-12-31 | €2.34 Billion ≈ $2.74 Billion |
+10.58% |
| 2017-12-31 | €2.12 Billion ≈ $2.47 Billion |
+8.08% |
| 2016-12-31 | €1.96 Billion ≈ $2.29 Billion |
+0.53% |
| 2015-12-31 | €1.95 Billion ≈ $2.28 Billion |
+20.07% |
| 2014-12-31 | €1.62 Billion ≈ $1.90 Billion |
+4.54% |
| 2013-12-31 | €1.55 Billion ≈ $1.81 Billion |
+3.96% |
| 2012-12-31 | €1.49 Billion ≈ $1.74 Billion |
-3.61% |
| 2011-12-31 | €1.55 Billion ≈ $1.81 Billion |
+7.23% |
| 2010-12-31 | €1.44 Billion ≈ $1.69 Billion |
+6.40% |
| 2009-12-31 | €1.36 Billion ≈ $1.59 Billion |
+13.53% |
| 2008-12-31 | €1.20 Billion ≈ $1.40 Billion |
-5.22% |
| 2007-12-31 | €1.26 Billion ≈ $1.47 Billion |
-6.93% |
| 2006-12-31 | €1.36 Billion ≈ $1.58 Billion |
+50.33% |
| 2005-12-31 | €901.39 Million ≈ $1.05 Billion |
+52.12% |
| 2004-12-31 | €592.56 Million ≈ $692.76 Million |
-6.67% |
| 2003-12-31 | €634.91 Million ≈ $742.27 Million |
+10.10% |
| 2002-12-31 | €576.65 Million ≈ $674.17 Million |
+11.23% |
| 2001-12-31 | €518.43 Million ≈ $606.10 Million |
+16.91% |
| 2000-12-31 | €443.43 Million ≈ $518.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Tubize-Fin'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 18020523600.0% over the analyzed period, indicating profitable operations and earnings retention.
Tubize-Fin Net Assets Breakdown (December 2025)
Tubize-Fin net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €180.21 Million | 9.56% |
| Common Stock | €235.00 Million | 12.46% |
| Other Comprehensive Income | €1.47 Billion | 77.91% |
| Other Components | €1.22 Million | 0.06% |
| Total Equity | €1.89 Billion | 100.00% |
Tubize-Fin Competitors by Market Cap
The table below lists competitors of Tubize-Fin ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Azek Company Inc
NYSE:AZEK
|
$7.82 Billion |
|
Berry Global Group Inc
NYSE:BERY
|
$7.83 Billion |
|
MOL NA A ADR REG.S 1/2
F:MOGG
|
$7.83 Billion |
|
Companhia Paranaense de Energia - COPEL
NYSE:ELPC
|
$7.83 Billion |
|
Impala Platinum Holdings Ltd
JSE:IMP
|
$7.81 Billion |
|
ALK-Abelló A/S
CO:ALK-B
|
$7.81 Billion |
|
Guangzhou Tinci Materials Technology Co Ltd
SHE:002709
|
$7.79 Billion |
|
National Retail Properties Inc
NYSE:NNN
|
$7.79 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tubize-Fin's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,840,405,526 to 1,885,559,936, a change of 45,154,410 (2.5%).
- Net income of 93,228,016 contributed positively to equity growth.
- Dividend payments of 46,315,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €93.23 Million | +4.94% |
| Dividends Paid | €46.31 Million | -2.46% |
| Other Changes | €-1.76 Million | -0.09% |
| Total Change | €- | 2.45% |
Book Value vs Market Value Analysis
This analysis compares Tubize-Fin'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: 5.42x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 29.44x to 5.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | €7.80 | €229.80 | x |
| 2004-12-31 | €13.02 | €229.80 | x |
| 2005-12-31 | €20.21 | €229.80 | x |
| 2006-12-31 | €30.38 | €229.80 | x |
| 2007-12-31 | €28.27 | €229.80 | x |
| 2008-12-31 | €26.80 | €229.80 | x |
| 2009-12-31 | €30.42 | €229.80 | x |
| 2010-12-31 | €32.37 | €229.80 | x |
| 2011-12-31 | €34.71 | €229.80 | x |
| 2012-12-31 | €33.46 | €229.80 | x |
| 2013-12-31 | €34.78 | €229.80 | x |
| 2014-12-31 | €36.25 | €229.80 | x |
| 2015-12-31 | €43.71 | €229.80 | x |
| 2016-12-31 | €43.97 | €229.80 | x |
| 2017-12-31 | €47.50 | €229.80 | x |
| 2018-12-31 | €52.52 | €229.80 | x |
| 2019-12-31 | €418.02 | €229.80 | x |
| 2020-12-31 | €62.74 | €229.80 | x |
| 2021-12-31 | €72.94 | €229.80 | x |
| 2022-12-31 | €39.35 | €229.80 | x |
| 2023-12-31 | €40.36 | €229.80 | x |
| 2024-12-31 | €41.35 | €229.80 | x |
| 2025-12-31 | €42.36 | €229.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tubize-Fin 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): 4.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.00%
- • Asset Turnover: 0.00x
- • Equity Multiplier: 1.03x
- Recent ROE (4.94%) is below the historical average (11.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 47.23% | 54422.12% | 0.00x | 3.16x | €93.09 Million |
| 2004 | 20.91% | 6195350.00% | 0.00x | 1.21x | €64.65 Million |
| 2005 | 32.60% | 96.36% | 0.30x | 1.13x | €203.72 Million |
| 2006 | 35.22% | 303.77% | 0.10x | 1.18x | €341.77 Million |
| 2007 | 3.13% | 67.48% | 0.03x | 1.33x | €-86.58 Million |
| 2008 | -0.08% | -5.70% | 0.01x | 1.33x | €-120.44 Million |
| 2009 | 12.03% | 90.97% | 0.10x | 1.27x | €27.60 Million |
| 2010 | 1.45% | 55.99% | 0.02x | 1.24x | €-123.53 Million |
| 2011 | 4.18% | 76.35% | 0.05x | 1.21x | €-90.15 Million |
| 2012 | 5.21% | 83.87% | 0.05x | 1.20x | €-71.43 Million |
| 2013 | 3.98% | 81.40% | 0.04x | 1.16x | €-93.44 Million |
| 2014 | 3.75% | 84.99% | 0.04x | 1.13x | €-101.34 Million |
| 2015 | 10.91% | 21252600.00% | 0.00x | 1.16x | €17.79 Million |
| 2016 | 9.26% | 59995.36% | 0.00x | 1.14x | €-14.57 Million |
| 2017 | 13.52% | 105.03% | 0.12x | 1.09x | €74.37 Million |
| 2018 | 12.19% | 98.93% | 0.12x | 1.06x | €51.20 Million |
| 2019 | 10.65% | 9456800.00% | 0.00x | 1.03x | €17.27 Million |
| 2020 | 9.33% | 0.00% | 0.00x | 1.01x | €-18.77 Million |
| 2021 | 11.71% | 0.00% | 0.00x | 1.01x | €55.41 Million |
| 2022 | 4.86% | 1044901.09% | 0.00x | 1.05x | €-89.99 Million |
| 2023 | 4.91% | 0.00% | 0.00x | 1.07x | €-91.51 Million |
| 2024 | 4.90% | 679673.60% | 0.00x | 1.05x | €-93.94 Million |
| 2025 | 4.94% | 0.00% | 0.00x | 1.03x | €-95.33 Million |
Industry Comparison
This section compares Tubize-Fin's net assets metrics with peer companies in the Biotechnology industry.
Industry Context
- Industry: Biotechnology
- Average net assets among peers: $1,217,537,261
- Average return on equity (ROE) among peers: -69.71%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tubize-Fin (TUB) | €1.99 Billion | 47.23% | 0.00x | $7.82 Billion |
| Argen-X (ARGX) | $29.97 Million | -28.25% | 0.15x | $47.46 Billion |
| BioSenic S.A. (BIOS) | $4.49 Million | -316.59% | 4.73x | $1.57 Million |
| Celyad SA (CYAD) | $26.68 Million | -61.66% | 0.65x | $8.95 Million |
| Hyloris Developmentsen Sa (HYL) | $32.14 Million | -19.73% | 0.29x | $125.38 Million |
| Onward Medical N.V. (ONWD) | $48.05 Million | -74.34% | 0.62x | $178.42 Million |
| Oxurion NV (OXUR) | $-4.58 Million | 0.00% | 0.00x | $82.95K |
| UCB SA (UCB) | $8.39 Billion | 12.62% | 0.69x | $38.48 Billion |
About Tubize-Fin
Financière de Tubize SA holds a stake in UCB, a biopharmaceutical company in Belgium. It focuses on the discovery and development of treatments for patients suffering from diseases affecting immune or central nervous system. The company was founded in 1928 and is based in Brussels, Belgium.