Warehouses Estates Belgium SCA
Warehouses Estates Belgium SCA is a real estate investment trust. Warehouses Estates Belgium SCA is based in Belgium.
Warehouses Estates Belgium SCA (WEB) - Net Assets
Latest net assets as of June 2025: €175.60 Million EUR
Based on the latest financial reports, Warehouses Estates Belgium SCA (WEB) has net assets worth €175.60 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 (€346.33 Million) and total liabilities (€170.73 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 | €175.60 Million |
| % of Total Assets | 50.7% |
| Annual Growth Rate | 4.37% |
| 5-Year Change | 14.22% |
| 10-Year Change | 31.03% |
| Growth Volatility | 8.38 |
Warehouses Estates Belgium SCA - Net Assets Trend (2008–2024)
This chart illustrates how Warehouses Estates Belgium SCA's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Warehouses Estates Belgium SCA (2008–2024)
The table below shows the annual net assets of Warehouses Estates Belgium SCA from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €181.32 Million | +8.25% |
| 2023-12-31 | €167.51 Million | -1.03% |
| 2022-12-31 | €169.26 Million | +3.88% |
| 2021-12-31 | €162.94 Million | +2.64% |
| 2020-12-31 | €158.75 Million | +1.09% |
| 2019-12-31 | €157.04 Million | +0.39% |
| 2018-12-31 | €156.43 Million | +1.64% |
| 2017-12-31 | €153.90 Million | +4.34% |
| 2016-12-31 | €147.50 Million | +6.58% |
| 2015-12-31 | €138.39 Million | +2.05% |
| 2014-12-31 | €135.60 Million | +0.82% |
| 2013-12-31 | €134.50 Million | +5.90% |
| 2012-12-31 | €127.01 Million | +2.53% |
| 2011-12-31 | €123.88 Million | +35.61% |
| 2010-12-31 | €91.35 Million | -0.05% |
| 2009-12-31 | €91.39 Million | -0.10% |
| 2008-12-31 | €91.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Warehouses Estates Belgium SCA'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 33.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €48.42 Million | 26.71% |
| Common Stock | €9.29 Million | 5.12% |
| Other Comprehensive Income | €83.79 Million | 46.21% |
| Other Components | €39.82 Million | 21.96% |
| Total Equity | €181.32 Million | 100.00% |
Warehouses Estates Belgium SCA Competitors by Market Cap
The table below lists competitors of Warehouses Estates Belgium SCA ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fortune Oriental Co Ltd
TW:2491
|
$24.92 Million |
|
Krystal Integrated Services Ltd
NSE:KRYSTAL
|
$24.93 Million |
|
JT Corporation
KQ:089790
|
$24.94 Million |
|
Chang Type Industrial Co Ltd
TW:1541
|
$24.94 Million |
|
HWGG Entertainment Limited
PINK:HWGG
|
$24.91 Million |
|
6K Additive Inc
AU:6KA
|
$24.91 Million |
|
GP Investments Ltd
SA:GPIV33
|
$24.90 Million |
|
Sunview Group Bhd
KLSE:0262
|
$24.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Warehouses Estates Belgium SCA's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 167,507,577 to 181,324,557, a change of 13,816,980 (8.2%).
- Net income of 10,639,323 contributed positively to equity growth.
- Dividend payments of 10,607,229 reduced retained earnings.
- Share repurchases of 175,526 reduced equity.
- Other comprehensive income decreased equity by 3,538,226.
- Other factors increased equity by 17,498,638.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €10.64 Million | +5.87% |
| Dividends Paid | €10.61 Million | -5.85% |
| Share Repurchases | €175.53K | -0.1% |
| Other Comprehensive Income | €-3.54 Million | -1.95% |
| Other Changes | €17.50 Million | +9.65% |
| Total Change | €- | 8.25% |
Book Value vs Market Value Analysis
This analysis compares Warehouses Estates Belgium SCA'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: 0.77x
- 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 1.00x to 0.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | €39.74 | €39.80 | x |
| 2009-12-31 | €39.70 | €39.80 | x |
| 2010-12-31 | €39.62 | €39.80 | x |
| 2011-12-31 | €39.12 | €39.80 | x |
| 2012-12-31 | €40.11 | €39.80 | x |
| 2013-12-31 | €42.48 | €39.80 | x |
| 2014-12-31 | €42.83 | €39.80 | x |
| 2015-12-31 | €43.71 | €39.80 | x |
| 2016-12-31 | €46.58 | €39.80 | x |
| 2017-12-31 | €48.61 | €39.80 | x |
| 2018-12-31 | €49.41 | €39.80 | x |
| 2019-12-31 | €49.60 | €39.80 | x |
| 2020-12-31 | €50.14 | €39.80 | x |
| 2021-12-31 | €51.46 | €39.80 | x |
| 2022-12-31 | €53.46 | €39.80 | x |
| 2023-12-31 | €52.90 | €39.80 | x |
| 2024-12-31 | €51.76 | €39.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Warehouses Estates Belgium SCA 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): 5.87%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.84%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.88x
- Recent ROE (5.87%) is below the historical average (9.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 17.04% | 162.62% | 0.08x | 1.32x | €6.44 Million |
| 2009 | 6.57% | 56.52% | 0.08x | 1.42x | €-3.13 Million |
| 2010 | 7.55% | 63.35% | 0.08x | 1.50x | €-2.24 Million |
| 2011 | 8.75% | 84.12% | 0.08x | 1.34x | €-1.55 Million |
| 2012 | 9.97% | 86.53% | 0.08x | 1.44x | €-40.66K |
| 2013 | 12.87% | 97.89% | 0.09x | 1.45x | €3.86 Million |
| 2014 | 8.38% | 61.62% | 0.09x | 1.47x | €-2.19 Million |
| 2015 | 9.88% | 73.32% | 0.09x | 1.47x | €-164.93K |
| 2016 | 13.56% | 106.71% | 0.08x | 1.57x | €5.25 Million |
| 2017 | 11.22% | 88.86% | 0.07x | 1.70x | €1.88 Million |
| 2018 | 12.48% | 98.02% | 0.07x | 1.74x | €3.88 Million |
| 2019 | 6.33% | 45.29% | 0.08x | 1.77x | €-5.76 Million |
| 2020 | 5.67% | 44.41% | 0.07x | 1.92x | €-6.87 Million |
| 2021 | 8.59% | 65.56% | 0.07x | 1.87x | €-2.30 Million |
| 2022 | 7.18% | 51.62% | 0.08x | 1.81x | €-4.78 Million |
| 2023 | 5.17% | 33.54% | 0.08x | 1.92x | €-8.08 Million |
| 2024 | 5.87% | 36.84% | 0.08x | 1.88x | €-7.49 Million |
Industry Comparison
This section compares Warehouses Estates Belgium SCA's net assets metrics with peer companies in the REIT - Diversified industry.
Industry Context
- Industry: REIT - Diversified
- Average net assets among peers: $812,139,000
- Average return on equity (ROE) among peers: -1.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Warehouses Estates Belgium SCA (WEB) | €175.60 Million | 17.04% | 0.97x | $24.91 Million |
| Nextensa NV (NEXTA) | $812.14 Million | -1.33% | 1.09x | $93.65 Million |