Warehouses Estates Belgium SCA (WEB) - Net Assets
Based on the latest financial reports, Warehouses Estates Belgium SCA (WEB) has net assets worth €184.72 Million EUR (≈ $215.96 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€345.32 Million ≈ $403.72 Million USD) and total liabilities (€160.60 Million ≈ $187.76 Million 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. Check how strategically is Warehouses Estates Belgium SCA's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €184.72 Million |
| % of Total Assets | 53.49% |
| Annual Growth Rate | 4.22% |
| 5-Year Change | 13.37% |
| 10-Year Change | 25.24% |
| Growth Volatility | 8.16 |
Warehouses Estates Belgium SCA - Net Assets Trend (2008–2025)
This chart illustrates how Warehouses Estates Belgium SCA's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see WEB company net worth.
Annual Net Assets for Warehouses Estates Belgium SCA (2008–2025)
The table below shows the annual net assets of Warehouses Estates Belgium SCA from 2008 to 2025. Also explore net asset momentum of Warehouses Estates Belgium SCA to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €184.72 Million ≈ $215.96 Million |
+1.87% |
| 2024-12-31 | €181.32 Million ≈ $211.99 Million |
+8.25% |
| 2023-12-31 | €167.51 Million ≈ $195.83 Million |
-1.03% |
| 2022-12-31 | €169.26 Million ≈ $197.88 Million |
+3.88% |
| 2021-12-31 | €162.94 Million ≈ $190.49 Million |
+2.64% |
| 2020-12-31 | €158.75 Million ≈ $185.60 Million |
+1.09% |
| 2019-12-31 | €157.04 Million ≈ $183.59 Million |
+0.39% |
| 2018-12-31 | €156.43 Million ≈ $182.89 Million |
+1.64% |
| 2017-12-31 | €153.90 Million ≈ $179.93 Million |
+4.34% |
| 2016-12-31 | €147.50 Million ≈ $172.44 Million |
+6.58% |
| 2015-12-31 | €138.39 Million ≈ $161.79 Million |
+2.05% |
| 2014-12-31 | €135.60 Million ≈ $158.54 Million |
+0.82% |
| 2013-12-31 | €134.50 Million ≈ $157.24 Million |
+5.90% |
| 2012-12-31 | €127.01 Million ≈ $148.48 Million |
+2.53% |
| 2011-12-31 | €123.88 Million ≈ $144.83 Million |
+35.61% |
| 2010-12-31 | €91.35 Million ≈ $106.79 Million |
-0.05% |
| 2009-12-31 | €91.39 Million ≈ $106.84 Million |
-0.10% |
| 2008-12-31 | €91.48 Million ≈ $106.94 Million |
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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 47.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €53.61 Million | 29.02% |
| Common Stock | €9.29 Million | 5.03% |
| Other Comprehensive Income | €82.00 Million | 44.39% |
| Other Components | €39.82 Million | 21.56% |
| Total Equity | €184.72 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 |
|---|---|
|
Kotra Industries Bhd
KLSE:0002
|
$141.87 Million |
|
THE REJECT SHOP LTD
F:RFD
|
$142.03 Million |
|
JTC Inc
KQ:950170
|
$142.13 Million |
|
Manaksia Coated Metals & Industries Limited
NSE:MANAKCOAT
|
$142.14 Million |
|
Jaya Agra Wattie Tbk
JK:JAWA
|
$141.73 Million |
|
Cyberlink Co
TW:5203
|
$141.70 Million |
|
Thailand Prime Property Freehold and Leasehold Real Estate Investment Trust
BK:TPRIME
|
$141.64 Million |
|
Niu Technologies
F:0O9
|
$141.59 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 2024 to 2025, total equity changed from 181,324,557 to 184,724,000, a change of 3,399,443 (1.9%).
- Net income of 15,134,000 contributed positively to equity growth.
- Dividend payments of 11,734,655 reduced retained earnings.
- Other comprehensive income decreased equity by 1,788,714.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €15.13 Million | +8.19% |
| Dividends Paid | €11.73 Million | -6.35% |
| Other Comprehensive Income | €-1.79 Million | -0.97% |
| Other Changes | €1.79 Million | +0.97% |
| Total Change | €- | 1.87% |
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: 0.70x
- 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 0.93x to 0.70x 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 | €37.00 | x |
| 2009-12-31 | €39.70 | €37.00 | x |
| 2010-12-31 | €39.62 | €37.00 | x |
| 2011-12-31 | €39.12 | €37.00 | x |
| 2012-12-31 | €40.11 | €37.00 | x |
| 2013-12-31 | €42.48 | €37.00 | x |
| 2014-12-31 | €42.83 | €37.00 | x |
| 2015-12-31 | €43.71 | €37.00 | x |
| 2016-12-31 | €46.58 | €37.00 | x |
| 2017-12-31 | €48.61 | €37.00 | x |
| 2018-12-31 | €49.41 | €37.00 | x |
| 2019-12-31 | €49.60 | €37.00 | x |
| 2020-12-31 | €50.14 | €37.00 | x |
| 2021-12-31 | €51.46 | €37.00 | x |
| 2022-12-31 | €53.46 | €37.00 | x |
| 2023-12-31 | €52.90 | €37.00 | x |
| 2024-12-31 | €51.76 | €37.00 | x |
| 2025-12-31 | €52.73 | €37.00 | 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): 8.19%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 59.98%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.87x
- Recent ROE (8.19%) is below the historical average (9.18%), 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 |
| 2025 | 8.19% | 59.98% | 0.07x | 1.87x | €-3.34 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: $335,335,000
- Average return on equity (ROE) among peers: 8.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Warehouses Estates Belgium SCA (WEB) | €184.72 Million | 17.04% | 0.87x | $141.87 Million |
| Nextensa NV (NEXTA) | $335.33 Million | 8.03% | 1.32x | $462.51 Million |
About Warehouses Estates Belgium SCA
Warehouses Estates Belgium SCA is a real estate investment trust. Warehouses Estates Belgium SCA is based in Belgium.