Wereldhav B-Sicafi (WEHB) - Net Assets

Latest as of December 2025: €834.72 Million EUR ≈ $975.88 Million USD

Based on the latest financial reports, Wereldhav B-Sicafi (WEHB) has net assets worth €834.72 Million EUR (≈ $975.88 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 (€1.30 Billion ≈ $1.51 Billion USD) and total liabilities (€460.95 Million ≈ $538.90 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 Wereldhav B-Sicafi liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	€834.72 Million
% of Total Assets	64.42%
Annual Growth Rate	4.55%
5-Year Change	24.42%
10-Year Change	39.22%
Growth Volatility	5.63

Wereldhav B-Sicafi - Net Assets Trend (2000–2025)

This chart illustrates how Wereldhav B-Sicafi's net assets have evolved over time, based on quarterly financial data. Also explore Wereldhav B-Sicafi assets under control for the complete picture of this company's asset base.

Annual Net Assets for Wereldhav B-Sicafi (2000–2025)

The table below shows the annual net assets of Wereldhav B-Sicafi from 2000 to 2025. For live valuation and market cap data, see how much is Wereldhav B-Sicafi worth.

Year	Net Assets	Change
2025-12-31	€834.72 Million ≈ $975.88 Million	+14.53%
2024-12-31	€728.82 Million ≈ $852.06 Million	+5.06%
2023-12-31	€693.70 Million ≈ $811.01 Million	-1.17%
2022-12-31	€701.94 Million ≈ $820.65 Million	+4.63%
2021-12-31	€670.90 Million ≈ $784.35 Million	+3.13%
2020-12-31	€650.55 Million ≈ $760.56 Million	-5.61%
2019-12-31	€689.22 Million ≈ $805.77 Million	+1.59%
2018-12-31	€678.43 Million ≈ $793.15 Million	+9.55%
2017-12-31	€619.28 Million ≈ $724.01 Million	+3.29%
2016-12-31	€599.59 Million ≈ $700.98 Million	+5.69%
2015-12-31	€567.31 Million ≈ $663.25 Million	+13.85%
2014-12-31	€498.28 Million ≈ $582.55 Million	+1.49%
2013-12-31	€490.98 Million ≈ $574.01 Million	+2.13%
2012-12-31	€480.72 Million ≈ $562.01 Million	+20.81%
2011-12-31	€397.91 Million ≈ $465.20 Million	+4.52%
2010-12-31	€380.69 Million ≈ $445.07 Million	-0.08%
2009-12-31	€380.98 Million ≈ $445.41 Million	-0.74%
2008-12-31	€383.80 Million ≈ $448.70 Million	+1.33%
2007-12-31	€378.78 Million ≈ $442.83 Million	+5.68%
2006-12-31	€358.43 Million ≈ $419.04 Million	+7.37%
2005-12-31	€333.82 Million ≈ $390.28 Million	+9.98%
2004-12-31	€303.52 Million ≈ $354.85 Million	+0.91%
2003-12-31	€300.78 Million ≈ $351.64 Million	-0.12%
2002-12-31	€301.15 Million ≈ $352.07 Million	+7.74%
2001-12-31	€279.50 Million ≈ $326.77 Million	+1.80%
2000-12-31	€274.56 Million ≈ $320.98 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Wereldhav B-Sicafi'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 44.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	€42.38 Million	5.08%
Common Stock	€471.25 Million	56.46%
Other Components	€321.09 Million	38.47%
Total Equity	€834.72 Million	100.00%

Wereldhav B-Sicafi Competitors by Market Cap

The table below lists competitors of Wereldhav B-Sicafi ranked by their market capitalization.

Company	Market Cap
Jiangsu Changqing Agrochemical Co Ltd SHE:002391	$631.17 Million
Guangdong Sanhe Pile Co Ltd SHE:003037	$631.18 Million
Beijing Comens New Materials SHE:300200	$631.28 Million
Hainan RuiZe New Building Material Co Ltd SHE:002596	$631.41 Million
Seoul Semiconductor Co. Ltd KQ:046890	$630.83 Million
Himalaya Shipping Ltd. NYSE:HSHP	$630.66 Million
Grenke AG XETRA:GLJ	$630.58 Million
Südwestdeutsche Salzwerke AG F:SSH	$630.45 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Wereldhav B-Sicafi's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 728,816,000 to 834,722,000, a change of 105,906,000 (14.5%).
Net income of 42,380,000 contributed positively to equity growth.
Dividend payments of 17,025,000 reduced retained earnings.
New share issuances of 80,876,000 increased equity.
Other comprehensive income decreased equity by 119,743,000.
Other factors increased equity by 119,418,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	€42.38 Million	+5.08%
Dividends Paid	€17.02 Million	-2.04%
Share Issuances	€80.88 Million	+9.69%
Other Comprehensive Income	€-119.74 Million	-14.35%
Other Changes	€119.42 Million	+14.31%
Total Change	€-	14.53%

Book Value vs Market Value Analysis

This analysis compares Wereldhav B-Sicafi'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: 0.57x
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 0.95x to 0.57x 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	€55.08	€52.40	x
2004-12-31	€55.58	€52.40	x
2005-12-31	€61.13	€52.40	x
2006-12-31	€65.64	€52.40	x
2007-12-31	€69.36	€52.40	x
2008-12-31	€70.28	€52.40	x
2009-12-31	€69.77	€52.40	x
2010-12-31	€69.71	€52.40	x
2011-12-31	€72.87	€52.40	x
2012-12-31	€77.73	€52.40	x
2013-12-31	€76.00	€52.40	x
2014-12-31	€77.13	€52.40	x
2015-12-31	€81.76	€52.40	x
2016-12-31	€86.41	€52.40	x
2017-12-31	€89.25	€52.40	x
2018-12-31	€95.57	€52.40	x
2019-12-31	€88.27	€52.40	x
2020-12-31	€82.59	€52.40	x
2021-12-31	€78.44	€52.40	x
2022-12-31	€79.59	€52.40	x
2023-12-31	€78.07	€52.40	x
2024-12-31	€82.02	€52.40	x
2025-12-31	€92.48	€52.40	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Wereldhav B-Sicafi 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): 5.08%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 43.67%
• Asset Turnover: 0.07x
• Equity Multiplier: 1.55x
Recent ROE (5.08%) is below the historical average (6.64%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	6.17%	75.33%	0.06x	1.40x	€-10.52 Million
2001	7.23%	81.46%	0.07x	1.31x	€-7.74 Million
2002	10.46%	84.50%	0.10x	1.24x	€1.40 Million
2003	-6.30%	-83.06%	0.06x	1.24x	€-49.02 Million
2004	6.58%	86.09%	0.06x	1.25x	€-10.39 Million
2005	8.59%	65.71%	0.13x	1.01x	€-4.69 Million
2006	12.30%	192.04%	0.06x	1.03x	€8.25 Million
2007	10.87%	174.77%	0.06x	1.04x	€3.30 Million
2008	6.92%	105.60%	0.06x	1.08x	€-11.81 Million
2009	4.15%	61.79%	0.06x	1.08x	€-22.30 Million
2010	5.53%	84.24%	0.06x	1.16x	€-17.02 Million
2011	9.63%	149.15%	0.05x	1.25x	€-1.49 Million
2012	7.59%	106.30%	0.06x	1.21x	€-11.61 Million
2013	7.08%	93.17%	0.06x	1.28x	€-14.35 Million
2014	7.80%	88.85%	0.06x	1.55x	€-10.97 Million
2015	8.71%	88.54%	0.07x	1.40x	€-7.34 Million
2016	11.05%	109.23%	0.07x	1.40x	€6.28 Million
2017	8.83%	88.94%	0.07x	1.43x	€-7.25 Million
2018	5.98%	60.77%	0.07x	1.44x	€-27.30 Million
2019	4.20%	39.41%	0.07x	1.44x	€-39.97 Million
2020	-3.40%	-32.85%	0.07x	1.45x	€-87.20 Million
2021	5.69%	56.59%	0.07x	1.42x	€-28.90 Million
2022	7.87%	76.49%	0.07x	1.42x	€-14.96 Million
2023	4.21%	44.13%	0.07x	1.46x	€-40.15 Million
2024	9.86%	88.76%	0.08x	1.44x	€-994.60K
2025	5.08%	43.67%	0.07x	1.55x	€-41.09 Million

Industry Comparison

This section compares Wereldhav B-Sicafi's net assets metrics with peer companies in the REIT - Retail industry.

Industry Context

Industry: REIT - Retail
Average net assets among peers: $227,039,750
Average return on equity (ROE) among peers: 7.60%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Wereldhav B-Sicafi (WEHB)	€834.72 Million	6.17%	0.55x	$631.16 Million
Ascencio (D) (ASCE)	$442.92 Million	5.76%	0.76x	$334.42 Million
QRF SCA (QRF)	$118.90 Million	-2.06%	1.13x	$116.46 Million
Retail Estates - Sicafi (RET)	$147.09 Million	15.65%	0.80x	$1.02 Billion
Vastned Retail Belgium (VASTB)	$199.25 Million	11.03%	0.68x	$489.14 Million

About Wereldhav B-Sicafi

BR:WEHB Belgium REIT - Retail

Market Cap

$700.47 Million

€599.15 Million EUR

Market Cap Rank

#11352 Global

#46 in Belgium

Share Price

€52.40

Change (1 day)

-0.38%

52-Week Range

€45.30 - €57.40

All Time High

€59.10