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Vastned Belgium (VASTB.BR)
EUR29.80
+0.05 (+0.17%)
BE BRU Real Estate REIT - Retail
Address
Generaal Lemanstraat 74 2600
Antwerp, BE
Antwerp, BE
CEO
Sven
Website
vastned.be
IPO
2000-01-04
ISIN BE0003754687
Description
Operating as a regulated public real estate company (RREC), Vastned Retail Belgium's shares are listed on Euronext Brussels under the VASTB ticker. The company exclusively funnels its investments into Belgian commercial real estate. Its core strategy involves acquiring prime retail establishments located on the most prominent shopping thoroughfares in major cities like Antwerp, Brussels, Ghent, and Bruges. Complementing this, the real estate holdings also feature inner-city shops beyond these primary urban hubs, alongside premium retail parks and dedicated retail warehouses.
Market Cap & Enterprise Value
Merger & Acquisition History
No mergers or acquisitions recorded for this company.
Technical Outlook
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Signal Summary
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| Indicator | 1D | 1W | 2W | 3W | 1M |
|---|
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
EUR29.80
+0.05 (+0.17%)
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Volume Profile
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Liquidity & share structure
Average Volume
11.1K
Beta
0.52
Float Shares
5.09M
Free Float %
31.5%
Price Performance
| 1D | 5D | 1M | 3M | 6M | YTD | 1Y | 3Y | 5Y | 10Y | Max |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.18% | -1.91% | -6.29% | -6.91% | -5.35% | -9.00% | -3.74% | -4.07% | -5.35% | -48.88% | -0.32% |
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From
To
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Annual Monthly Returns
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Daily Returns Distribution
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Revenue flow
Revenue by geography
Revenue by segment
From
To
Revenue composition
From
To
By product
By geography
Financial Statements
Select metrics from the tables below to build your comparison.
Income Statement
Balance Sheet
Cash Flow Statement
Key Metrics
Financial Ratios
Employees
Financial Growth (CAGR)
Market Data
Price Targets & DCF
Current price
29.80
DCF (Unlevered)
193.95
+550.9%
DCF (Levered)
152.53
+411.9%
DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.
Ratings Trend (MoM)
0% Bullish
| Rating | 2026-04 | Change |
|---|---|---|
| Strong Buy | 0 | 0 |
| Buy | 0 | 0 |
| Hold | 3 | 0 |
| Sell | 0 | 0 |
| Strong Sell | 0 | 0 |
Quality scores
Altman Z-Score
0.56
Distress
Piotroski F-Score
4 / 9
Average
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
-
Revenue growth+251.0% Q4'25: +279.0% (vs Q4'24)
-
EPS growth+44.8% Q4'25: +714.2% (vs Q4'24)
-
FCF margin— Q4'25: +52.0% (vs Q4'24)
-
EBIT margin— Q4'25: +85.0% (vs Q4'24)
-
ROIC— Q4'25: +3.8% (vs Q4'24)
-
Share dilution+218.0% Q4'25: +218.0% (vs Q4'24)
-
Debt / EBITDA6.45× Q4'25: 8.41× (vs Q4'24)
Valuation Multiples
From
To
Price Forecast (3Y)
From
To
Theoretical Return — If Invested Today
* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.
Consensus Estimates
| Metric |
Dec 2000 actual |
Dec 2001 actual |
Dec 2002 actual |
Dec 2004 actual |
Dec 2005 actual |
Dec 2010 actual |
Dec 2011 actual |
Dec 2012 actual |
Dec 2013 actual |
Dec 2014 actual |
Dec 2015 actual |
Dec 2016 actual |
Dec 2024 actual |
Dec 2025 actual |
Dec 2026 1 Rev. Ana. 1 EPS Ana. |
Dec 2027 1 Rev. Ana. 1 EPS Ana. |
Dec 2028 1 Rev. Ana. 1 EPS Ana. |
Dec 2029 1 Rev. Ana. 1 EPS Ana. |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue |
17.95M
est.
|
17.39M
est.
|
28.77M
est.
|
—
est: 23.72M (-100.0%)
|
18.49M
est: 23.84M (-22.5%)
|
21.00M
est: 21.52M (-2.4%)
|
21.25M
est: 21.72M (-2.2%)
|
23.70M
est: 22.43M (+5.7%)
|
23.29M
est: 22.63M (+2.9%)
|
23.52M
est: 22.33M (+5.3%)
|
21.08M
est: 21.95M (-4.0%)
|
19.80M
est: 21.90M (-9.6%)
|
20.09M
est: 63.54M (-68.4%)
|
70.51M
est: 68.60M (+2.8%)
|
69.44M
69.44M – 69.44M
+1.2% YoY
|
71.40M
71.40M – 71.40M
+2.8% YoY
|
73.33M
72.95M – 73.72M
+2.7% YoY
|
77.95M
77.95M – 77.95M
+6.3% YoY
|
| EBITDA |
14.31M
est.
|
13.59M
est.
|
22.16M
est.
|
12.24M
est: 18.27M (-33.0%)
|
22.16M
est: 18.64M (+18.9%)
|
22.93M
est: 16.82M (+36.3%)
|
18.14M
est: 16.98M (+6.8%)
|
16.67M
est: 17.89M (-6.8%)
|
19.98M
est: 17.70M (+12.9%)
|
15.82M
est: 17.46M (-9.4%)
|
16.45M
est: 15.41M (+6.7%)
|
16.54M
est: 17.56M (-5.8%)
|
14.16M
est: 53.35M (-73.5%)
|
76.55M
est: 57.60M (+32.9%)
|
58.30M
58.30M – 58.30M
+1.2% YoY
|
59.95M
59.95M – 59.95M
+2.8% YoY
|
61.57M
61.25M – 61.89M
+2.7% YoY
|
65.45M
65.45M – 65.45M
+6.3% YoY
|
| EBIT |
13.98M
est.
|
13.28M
est.
|
28.58M
est.
|
12.18M
est: 23.56M (-48.3%)
|
22.11M
est: 18.21M (+21.4%)
|
22.82M
est: 16.44M (+38.8%)
|
41.59M
est: 16.92M (+145.8%)
|
23.91M
est: 17.48M (+36.8%)
|
17.11M
est: 17.64M (-3.0%)
|
24.97M
est: 17.06M (+46.4%)
|
19.06M
est: 17.10M (+11.4%)
|
23.54M
est: 17.15M (+37.2%)
|
13.83M
est: 52.37M (-73.6%)
|
76.00M
est: 56.54M (+34.4%)
|
57.23M
57.23M – 57.23M
+1.2% YoY
|
58.85M
58.85M – 58.85M
+2.8% YoY
|
60.44M
60.12M – 60.76M
+2.7% YoY
|
64.25M
64.25M – 64.25M
+6.3% YoY
|
| Net Income |
11.46M
est.
|
6.75M
est.
|
25.78M
est.
|
12.55
est: 21.26M (-100.0%)
|
18.66M
est: 11.24M (+66.1%)
|
17.63M
est: 12.89M (+36.8%)
|
36.31M
est: 13.09M (+177.3%)
|
18.66M
est: 13.40M (+39.3%)
|
12.19M
est: 13.71M (-11.1%)
|
20.49M
est: 13.66M (+50.0%)
|
15.30M
est: 20.44M (-25.2%)
|
20.53M
est: 13.79M (+48.9%)
|
10.64M
est: 29.13M (-63.5%)
|
49.08M
est: 33.64M (+45.9%)
|
34.13M
34.13M – 34.13M
+1.5% YoY
|
34.19M
34.19M – 34.19M
+0.2% YoY
|
35.75M
35.75M – 35.75M
+4.6% YoY
|
39.09M
39.09M – 39.09M
+9.3% YoY
|
| SGA |
891.4K
est.
|
863.7K
est.
|
1.43M
est.
|
834.00
est: 1.18M (-99.9%)
|
1.52M
est: 1.16M (+30.6%)
|
3.09M
est: 1.05M (+195.0%)
|
3.13M
est: 1.06M (+195.8%)
|
1.00M
est: 1.09M (-8.4%)
|
1.08M
est: 1.10M (-2.2%)
|
1.22M
est: 1.09M (+11.9%)
|
934.0K
est: 2.15M (-56.5%)
|
967.0K
est: 1.09M (-11.6%)
|
1.21M
est: 3.33M (-63.8%)
|
4.90M
est: 3.59M (+36.5%)
|
3.63M
3.63M – 3.63M
+1.2% YoY
|
3.74M
3.74M – 3.74M
+2.8% YoY
|
3.84M
3.82M – 3.86M
+2.7% YoY
|
4.08M
4.08M – 4.08M
+6.3% YoY
|
| EPS |
2.26
est.
|
1.35
est.
|
1.99
est.
|
0.00
est: 2.69 (-100.0%)
|
368.00
est: 2.25 (+16,289.1%)
|
3.47
est: 2.58 (+34.8%)
|
7.15
est: 2.62 (+173.3%)
|
3.68
est: 2.68 (+37.4%)
|
2.40
est: 2.74 (-12.4%)
|
4.03
est: 2.73 (+47.6%)
|
3.01
est: 2.68 (+12.5%)
|
4.04
est: 2.70 (+49.5%)
|
2.10
est: 1.80 (+16.5%)
|
3.04
est: 2.06 (+47.9%)
|
2.11
2.11 – 2.11
+2.8% YoY
|
2.12
2.12 – 2.12
+0.2% YoY
|
2.21
2.21 – 2.21
+4.6% YoY
|
2.42
2.42 – 2.42
+9.3% YoY
|
Historical Ratings (3M)
| Date | Rating | Overall | DCF | ROE | ROA | D/E | P/E | P/B |
|---|---|---|---|---|---|---|---|---|
| 2026-05-11 | C | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-08 | C | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-07 | C | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-06 | C | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-05 | C | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-05-04 | C | 2/5 | 4/5 | 1/5 | 1/5 | 3/5 | 1/5 | 1/5 |
| 2026-04-30 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-29 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-28 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-27 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-24 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-23 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-22 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-21 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-20 | C | 2/5 | 4/5 | 1/5 | 1/5 | 2/5 | 1/5 | 1/5 |
| 2026-04-17 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
| 2026-04-16 | C- | 1/5 | 4/5 | 1/5 | 1/5 | 1/5 | 1/5 | 1/5 |
Owner Earnings
Owner's Earnings (history)
From
To
Owner alignment
Owner's Earnings TTM
21.48M
OE per share TTM
1.33
Owner's Yield
4.69%
Maintenance CapEx ratio
2.53%
Maint CapEx / Avg PPE
2.9%
Ownership Overview
Ownership breakdown
Ownership breakdown not available.
At a glance
Institutional holders
—
Total invested
—
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)
No beneficial ownership filings recorded.
Institutional Activity (13F)
Institutional ownership trend
Institutional history not available.
Top institutional holders
Top holders not available.
ETF Ownership
Top ETFs holding this stock
Held by 56 ETFs in our universe
| # | ETF | Weight | Est. AUM exposure | TER |
|---|---|---|---|---|
| 1 | iShares MSCI Belgium ETF EWK | 0.36% | 579.2K | 0.49% |
| 2 | iShares European Property Yield UCITS ETF IPRE.DE | 0.19% | 432.5K | 0.40% |
| 3 | iShares European Property Yield UCITS ETF IPRP.L | 0.19% | 1.88M | 0.40% |
| 4 | Xtrackers FTSE Developed Europe ex UK Real Estate UCITS ETF 1C XREA.DE | 0.16% | 34.5K | 0.33% |
| 5 | State Street SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (Acc) ZPRP.DE | 0.15% | 227.1K | 0.30% |
| 6 | Xtrackers FTSE Developed Europe Real Estate UCITS ETF 1C XDER.L | 0.11% | 864.9K | 0.33% |
| 7 | Amundi MSCI EMU Small Cap ESG Broad Transition UCITS ETF Dist MMS.PA | 0.11% | 766.6K | 0.40% |
| 8 | Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Dist X026.DE | 0.09% | 302.9K | 0.23% |
| 9 | Amundi MSCI Europe Small Cap ESG Broad Transition UCITS ETF Acc CEM.PA | 0.09% | 302.9K | 0.23% |
| 10 | UBS MSCI EMU Small Cap UCITS ETF EUR dis UEFD.DE | 0.04% | 321.9K | 0.33% |
Insider Activity
Insider Activity — Latest Quarter
No insider activity available.
Insider buys vs sells (history)
Insider history not available.
Recent insider transactions
No recent insider transactions.
Executive team
Top executives
EBIT / Employee
12.67M
Shares Outstanding
16.15M
Executive compensation
Executive compensation (annual)
Executive compensation not available.
CEO compensation breakdown
No CEO compensation history available.
Proxy statements
Proxy statements (DEF 14A)
No proxy statements available for this company yet.
Recent SEC filings
Recent SEC filings
No SEC filings available for this company yet.
Executive team
| Name | Title | Compensation | Gender |
|---|---|---|---|
| Sven | Chief Executive Officer | — | male |
ESG Score History
No data available for this company.
Senate Trading Activity
No Senate trading activity found for this company.
House Trading Activity
No House trading activity found for this company.
Market share among peers
Peer comparison — filtered group (TTM)
Your opinion
Share your view on this stock and instantly see how the community has voted over the last 6 months.
Community Opinion for VASTB.BR
Short-term intention
Target Price Distribution
These are community opinions and do not constitute buy or sell advice to act on. The results shown are based on aggregated opinions and are not an investment recommendation, nor do they intend to influence any investment decision.
