VGP NV (VGP) - Net Assets

Latest as of June 2025: €2.49 Billion EUR ≈ $2.91 Billion USD

Based on the latest financial reports, VGP NV (VGP) has net assets worth €2.49 Billion EUR (≈ $2.91 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€5.03 Billion ≈ $5.88 Billion USD) and total liabilities (€2.54 Billion ≈ $2.97 Billion 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 VGP NV assets under control for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€2.49 Billion
% of Total Assets	49.52%
Annual Growth Rate	25.02%
5-Year Change	83.84%
10-Year Change	563.14%
Growth Volatility	49.18

VGP NV - Net Assets Trend (2006–2024)

This chart illustrates how VGP NV's net assets have evolved over time, based on quarterly financial data. For live valuation and market cap data, see market cap of VGP NV.

Annual Net Assets for VGP NV (2006–2024)

The table below shows the annual net assets of VGP NV from 2006 to 2024. Explore VGP NV cash conversion from operations to assess how effectively this company generates cash.

Year	Net Assets	Change
2024-12-31	€2.40 Billion ≈ $2.81 Billion	+8.40%
2023-12-31	€2.21 Billion ≈ $2.59 Billion	+0.56%
2022-12-31	€2.20 Billion ≈ $2.57 Billion	+1.22%
2021-12-31	€2.18 Billion ≈ $2.54 Billion	+66.62%
2020-12-31	€1.31 Billion ≈ $1.53 Billion	+86.59%
2019-12-31	€699.78 Million ≈ $818.12 Million	+28.76%
2018-12-31	€543.47 Million ≈ $635.37 Million	+16.57%
2017-12-31	€466.23 Million ≈ $545.07 Million	+19.45%
2016-12-31	€390.31 Million ≈ $456.31 Million	+7.83%
2015-12-31	€361.98 Million ≈ $423.19 Million	+68.04%
2014-12-31	€215.42 Million ≈ $251.85 Million	+29.72%
2013-12-31	€166.06 Million ≈ $194.14 Million	+9.78%
2012-12-31	€151.26 Million ≈ $176.84 Million	-2.25%
2011-12-31	€154.74 Million ≈ $180.90 Million	-12.25%
2010-12-31	€176.34 Million ≈ $206.16 Million	+13.59%
2009-12-31	€155.24 Million ≈ $181.49 Million	-0.20%
2008-12-31	€155.56 Million ≈ $181.86 Million	+18.91%
2007-12-31	€130.81 Million ≈ $152.94 Million	+203.47%
2006-12-31	€43.11 Million ≈ $50.40 Million	--

Equity Component Analysis

This analysis shows how different components contribute to VGP 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 grown by 144917200000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	€1.45 Billion	60.37%
Common Stock	€105.68 Million	4.40%
Other Components	€845.58 Million	35.23%
Total Equity	€2.40 Billion	100.00%

VGP NV Competitors by Market Cap

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

Company	Market Cap
Worthington Industries Inc NYSE:WOR	$2.68 Billion
An Hui Wenergy Co Ltd SHE:000543	$2.68 Billion
Hybio Pharmaceutical SHE:300199	$2.68 Billion
Shenzhen Colibri Technologies Co Ltd SHE:002957	$2.68 Billion
Harley-Davidson Inc NYSE:HOG	$2.68 Billion
NBCC (India) Limited NSE:NBCC	$2.68 Billion
Amot Investments Ltd TA:AMOT	$2.67 Billion
BeiJing DaHao Technology Co Lt SHG:603025	$2.67 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,214,417,000 to 2,400,427,000, a change of 186,010,000 (8.4%).
Net income of 286,987,000 contributed positively to equity growth.
Dividend payments of 100,977,000 reduced retained earnings.
Other comprehensive income increased equity by 30,416,000.
Other factors decreased equity by 30,416,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	€286.99 Million	+11.96%
Dividends Paid	€100.98 Million	-4.21%
Other Comprehensive Income	€30.42 Million	+1.27%
Other Changes	€-30.42 Million	-1.27%
Total Change	€-	8.40%

Book Value vs Market Value Analysis

This analysis compares VGP 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: 0.99x
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 32.64x to 0.99x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	€2.67	€87.30	x
2007-12-31	€6.55	€87.30	x
2008-12-31	€7.79	€87.30	x
2009-12-31	€7.78	€87.30	x
2010-12-31	€8.83	€87.30	x
2011-12-31	€7.75	€87.30	x
2012-12-31	€7.58	€87.30	x
2013-12-31	€8.32	€87.30	x
2014-12-31	€11.59	€87.30	x
2015-12-31	€19.48	€87.30	x
2016-12-31	€21.00	€87.30	x
2017-12-31	€25.09	€87.30	x
2018-12-31	€29.25	€87.30	x
2019-12-31	€35.38	€87.30	x
2020-12-31	€61.46	€87.30	x
2021-12-31	€98.75	€87.30	x
2022-12-31	€98.70	€87.30	x
2023-12-31	€81.14	€87.30	x
2024-12-31	€87.96	€87.30	x

Capital Efficiency Dashboard

This dashboard shows how efficiently VGP 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): 11.96%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 228.63%
• Asset Turnover: 0.03x
• Equity Multiplier: 1.94x
Recent ROE (11.96%) is below the historical average (17.66%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	31.89%	532.21%	0.02x	2.54x	€9.44 Million
2007	27.85%	533.13%	0.02x	2.20x	€23.35 Million
2008	18.36%	196.63%	0.04x	2.63x	€13.01 Million
2009	0.76%	4.43%	0.06x	2.83x	€-14.35 Million
2010	14.97%	74.63%	0.07x	2.82x	€8.77 Million
2011	8.36%	65.79%	0.11x	1.15x	€-2.54 Million
2012	7.66%	256.74%	0.03x	1.16x	€-3.55 Million
2013	14.63%	407.61%	0.02x	2.21x	€7.70 Million
2014	22.91%	166.83%	0.06x	2.17x	€27.82 Million
2015	23.91%	374.43%	0.03x	1.98x	€50.36 Million
2016	23.39%	369.00%	0.03x	2.23x	€52.26 Million
2017	20.59%	382.40%	0.02x	2.21x	€49.37 Million
2018	22.28%	168.64%	0.06x	2.23x	€66.76 Million
2019	29.38%	739.56%	0.02x	2.32x	€135.63 Million
2020	28.41%	1179.01%	0.01x	1.71x	€240.37 Million
2021	29.88%	1400.83%	0.01x	1.78x	€432.50 Million
2022	-5.56%	-138.80%	0.02x	2.20x	€-342.76 Million
2023	3.94%	72.62%	0.03x	1.99x	€-134.15 Million
2024	11.96%	228.63%	0.03x	1.94x	€46.94 Million

Industry Comparison

This section compares VGP NV's net assets metrics with peer companies in the Real Estate Services industry.

Industry Context

Industry: Real Estate Services
Average net assets among peers: $30,422,283
Average return on equity (ROE) among peers: -1.10%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
VGP NV (VGP)	€2.49 Billion	31.89%	1.02x	$2.68 Billion
Accentis (ACCB)	$74.50 Million	7.81%	0.92x	$34.10 Million
Inclusio Sca (INCLU)	$55.77 Million	-0.59%	0.02x	$141.75 Million
Immo Mcc NV (MCC)	$53.33	-15.32%	3.16x	$15.39 Million
Softimat S.A. (SOFT)	$20.17 Million	-4.09%	0.07x	$3.15 Million
Texaf SA (TEXF)	$32.01 Million	5.59%	0.50x	$134.20 Million
Immo-Zenobe Gramme SA (ZEN)	$76.39K	0.00%	118.68x	$13.76 Million

About VGP NV

BR:VGP Belgium Real Estate Services

Market Cap

$2.79 Billion

€2.38 Billion EUR

Market Cap Rank

#5284 Global

#28 in Belgium

Share Price

€87.30

Change (1 day)

+0.23%

52-Week Range

€77.90 - €111.00

All Time High

€228.40