Vastned Belgium
ISIN: BE0003754687 | Ticker: VASTB | LEI: 54930068RSC6OT68NE51
Country: Belgium
Vastned Belgium invests in the best shopping streets of Bruges, Ghent, Antwerp and Brussels and in prime retail warehouses. This focus on quality will contribute to achieve more stable and predictable results.
The company pursues an investment strategy geared toward high-quality commercial real estate properties, which are leased to first-class tenants. Commercial real estate properties consist of retail properties located in Belgium. These real estate properties preferably require no major repair work in the short term and are commercially strategically situated at good locations. Residential properties, offices and logistics properties are, in principle, not the subject of investment. Vastned Belgium believes that popular shopping streets in the city centres of major cities guarantee the most authentic and unique shopping experience while at the same time offering the greatest security as a long-term investment.
1987
Served areaBelgium
HeadquartersGeneraal Lemanstraat 74, 2600 Berchem, Antwerpen – Belgium
| Line item in (eur) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Assets | N/A | 333,494,000.00 | 317,746,000.00 | 318,242,000.00 |
| Noncurrent Assets | N/A | 331,182,000.00 | 315,228,000.00 | 315,199,000.00 |
| Investment Property | N/A | 330,427,000.00 | 314,543,000.00 | 312,590,000.00 |
| Intangible Assets Other Than Goodwill | N/A | 183,000.00 | 137,000.00 | 91,000.00 |
| Other Noncurrent Nonfinancial Assets | N/A | 569,000.00 | 545,000.00 | 471,000.00 |
| Current Assets | N/A | 2,312,000.00 | 2,518,000.00 | 3,043,000.00 |
| Current Trade Receivables | N/A | 566,000.00 | 1,914,000.00 | 2,327,000.00 |
| Cash and cash equivalents | 554,000.00 | 428,000.00 | 214,000.00 | 163,000.00 |
| Equity And Liabilities | N/A | 333,494,000.00 | 317,746,000.00 | 318,242,000.00 |
| Equity | 258,285,000.00 | 235,033,000.00 | 228,714,000.00 | 232,032,000.00 |
| Issued Capital | N/A | 97,213,000.00 | 97,213,000.00 | 97,213,000.00 |
| Retained Earnings Profit Loss For Reporting Period | N/A | N/A | 4,092,000.00 | 14,491,000.00 |
| Share Premium | N/A | 4,183,000.00 | 4,183,000.00 | 4,183,000.00 |
| Equity Attributable To Owners Of Parent | N/A | 235,033,000.00 | 228,714,000.00 | 232,032,000.00 |
| Noncontrolling Interests | N/A | 0.00 | 0.00 | 0.00 |
| Liabilities | N/A | 98,461,000.00 | 89,032,000.00 | 86,210,000.00 |
| Noncurrent Liabilities | N/A | 94,811,000.00 | 84,516,000.00 | 66,426,000.00 |
| Deferred Tax Liabilities | N/A | 200,000.00 | 191,000.00 | 273,000.00 |
| Other Noncurrent Financial Liabilities | N/A | 2,031,000.00 | 1,203,000.00 | 0.00 |
| Other Noncurrent Nonfinancial Liabilities | N/A | 175,000.00 | 179,000.00 | 123,000.00 |
| Current Liabilities | N/A | 3,650,000.00 | 4,516,000.00 | 19,784,000.00 |
| Current Provisions | N/A | 269,000.00 | 269,000.00 | 269,000.00 |
| Trade And Other Current Payables | N/A | 1,205,000.00 | 465,000.00 | 551,000.00 |
| Current Accruals And Current Deferred Income Including Current Contract Liabilities | N/A | N/A | 3,046,000.00 | 3,216,000.00 |
| Other Current Nonfinancial Liabilities | N/A | 570,000.00 | 567,000.00 | 564,000.00 |
| Line item in (eur) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
01.01.2022/ 01.01.2023 |
|---|---|---|---|
| Profit Loss From Operating Activities | -7,162,000.00 | 4,851,000.00 | 12,750,000.00 |
| Finance Income | 0.00 | 7,000.00 | 2,000.00 |
| Finance Costs | 1,701,000.00 | 1,600,000.00 | 1,575,000.00 |
| Profit Loss Before Tax | -8,517,000.00 | 4,083,000.00 | 14,577,000.00 |
| Profit (loss) | -8,524,000.00 | 4,092,000.00 | 14,491,000.00 |
| Profit Loss Attributable To Owners Of Parent | -8,524,000.00 | 4,092,000.00 | 14,491,000.00 |
| Profit Loss Attributable To Noncontrolling Interests | 0.00 | 0.00 | 0.00 |
| Line item in (eur) | 01.01.2020 | 01.01.2021 | 01.01.2022 | 01.01.2023 |
|---|---|---|---|---|
| Profit (loss) | N/A | -8,524,000.00 | 4,092,000.00 | 14,491,000.00 |
| Adjustments For Depreciation And Amortisation Expense | N/A | 268,000.00 | 645,000.00 | 311,000.00 |
| Other Adjustments For Noncash Items | N/A | 0.00 | -1,000.00 | 0.00 |
| Interest Paid Classified As Operating Activities | N/A | 1,586,000.00 | 1,615,000.00 | 1,506,000.00 |
| Cash Flows From Used In Operating Activities | N/A | 11,702,000.00 | 14,160,000.00 | 13,193,000.00 |
| Cash Flows Used In Obtaining Control Of Subsidiaries Or Other Businesses Classified As Investing Activities | N/A | 0.00 | 0.00 | 0.00 |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | N/A | 0.00 | 22,000.00 | 0.00 |
| Proceeds From Other Longterm Assets Classified As Investing Activities | N/A | 0.00 | 0.00 | 0.00 |
| Dividends Received Classified As Investing Activities | N/A | 0.00 | 0.00 | 0.00 |
| Cash Flows From Used In Investing Activities | N/A | 9,349,000.00 | 6,067,000.00 | -50,000.00 |
| Proceeds From Borrowings Classified As Financing Activities | N/A | 1,875,000.00 | 2,668,000.00 | 3,000,000.00 |
| Repayments Of Borrowings Classified As Financing Activities | N/A | 8,178,000.00 | 12,500,000.00 | 4,773,000.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | N/A | 170,000.00 | 202,000.00 | 192,000.00 |
| Dividends Paid Classified As Financing Activities | N/A | 14,728,000.00 | 10,411,000.00 | 11,173,000.00 |
| Cash Flows From Used In Financing Activities | N/A | -21,177,000.00 | -20,441,000.00 | -13,194,000.00 |
| Cash and cash equivalents | 554,000.00 | 428,000.00 | 214,000.00 | 163,000.00 |
Please note that some sums might not add up.
BE0003754687
LEI54930068RSC6OT68NE51
SectorEquity Real Estate Investment Trusts (REITs)
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