Wereldhave Belgium Naamloze vennootschap
Wereldhave Belgium is a public regulated real estate company (OGVV) under Belgian law, focusing on commercial real estate in Belgium and Luxembourg. The Company focuses on new investments in retail real estate (mainly in shopping centres and retail parks). The value of the real estate investment portfolio, including project developments, amounted to 994.3 million on 31 December 2024. The existing… Read more
Wereldhave Belgium Naamloze vennootschap (WPU) - Net Assets
Latest net assets as of June 2025: €737.06 Million EUR
Based on the latest financial reports, Wereldhave Belgium Naamloze vennootschap (WPU) has net assets worth €737.06 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 (€1.16 Billion) and total liabilities (€422.71 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 | €737.06 Million |
| % of Total Assets | 63.55% |
| Annual Growth Rate | 2.47% |
| 5-Year Change | 12.03% |
| 10-Year Change | N/A |
| Growth Volatility | 4.21 |
Wereldhave Belgium Naamloze vennootschap - Net Assets Trend (2016–2024)
This chart illustrates how Wereldhave Belgium Naamloze vennootschap's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wereldhave Belgium Naamloze vennootschap (2016–2024)
The table below shows the annual net assets of Wereldhave Belgium Naamloze vennootschap from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €728.82 Million | +5.06% |
| 2023-12-31 | €693.70 Million | -1.17% |
| 2022-12-31 | €701.94 Million | +4.63% |
| 2021-12-31 | €670.90 Million | +3.13% |
| 2020-12-31 | €650.55 Million | -5.61% |
| 2019-12-31 | €689.22 Million | +1.59% |
| 2018-12-31 | €678.43 Million | +9.55% |
| 2017-12-31 | €619.28 Million | +3.29% |
| 2016-12-31 | €599.59 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wereldhave Belgium Naamloze vennootschap'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 decreased by 50.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €71.89 Million | 9.86% |
| Other Components | €656.93 Million | 90.14% |
| Total Equity | €728.82 Million | 100.00% |
Wereldhave Belgium Naamloze vennootschap Competitors by Market Cap
The table below lists competitors of Wereldhave Belgium Naamloze vennootschap ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wuhan Citms Technology Co Ltd
SHG:688038
|
$187.85 Million |
|
C + F FINL CORP. DL1
F:CFF
|
$187.86 Million |
|
Sichuan Newsnet Media (Group) Co.Ltd.
SHE:300987
|
$187.95 Million |
|
Latent View Analytics Limited
NSE:LATENTVIEW
|
$187.98 Million |
|
Trifork Holding AG
CO:TRIFOR
|
$187.71 Million |
|
NITTETSU MNG CO.LTD
F:7GI
|
$187.55 Million |
|
Oryzon Genomics S.A
PINK:ORYZF
|
$187.46 Million |
|
Jiujiang Shanshui Technology Co.Ltd
SHE:301190
|
$187.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wereldhave Belgium Naamloze vennootschap's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 693,698,000 to 728,816,000, a change of 35,118,000 (5.1%).
- Net income of 71,887,000 contributed positively to equity growth.
- Dividend payments of 36,433,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €71.89 Million | +9.86% |
| Dividends Paid | €36.43 Million | -5.0% |
| Other Changes | €-336.00K | -0.05% |
| Total Change | €- | 5.06% |
Book Value vs Market Value Analysis
This analysis compares Wereldhave Belgium Naamloze vennootschap'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: 0.65x
- 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.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €89.25 | €53.40 | x |
| 2018-12-31 | €89.97 | €53.40 | x |
| 2019-12-31 | €88.27 | €53.40 | x |
| 2020-12-31 | €78.20 | €53.40 | x |
| 2021-12-31 | €77.18 | €53.40 | x |
| 2022-12-31 | €78.99 | €53.40 | x |
| 2023-12-31 | €78.07 | €53.40 | x |
| 2024-12-31 | €82.02 | €53.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wereldhave Belgium Naamloze vennootschap 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): 9.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 88.76%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 1.44x
- Recent ROE (9.86%) is above the historical average (6.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 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% | 42.19% | 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% | 36.80% | 0.08x | 1.46x | €-40.15 Million |
| 2024 | 9.86% | 88.76% | 0.08x | 1.44x | €-994.60K |
Industry Comparison
This section compares Wereldhave Belgium Naamloze vennootschap's net assets metrics with peer companies in the REIT - Retail industry.
Industry Context
- Industry: REIT - Retail
- Average net assets among peers: $1,467,120,500
- Average return on equity (ROE) among peers: 1.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wereldhave Belgium Naamloze vennootschap (WPU) | €737.06 Million | 11.05% | 0.57x | $187.82 Million |
| Qrf Comm. VA (2QR) | $116.33 Million | 2.00% | 1.06x | $41.03 Million |
| Brixmor Property Group Inc (BXR) | $2.91 Billion | 10.33% | 2.15x | $7.79 Billion |
| Deutsche Konsum REIT AG (DKG) | $1.38 Million | 0.00% | 2.01x | $61.85 Million |
| The Macerich Company (M6G) | $2.84 Billion | -6.83% | 2.01x | $4.09 Billion |