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Belgian (BEL20) Real Estate Industry Analysis

UpdatedJun 13, 2025
DataAggregated Company Financials
Companies16
  • 7D0.04%
  • 3M1.3%
  • 1Y-19.9%
  • YTD9.4%

Last week, the Real Estate industry hasn't moved much but Immobel is up 3.7% in that time. Unfortunately though, the industry is down 21% over the past 12 months. Earnings are forecast to grow by 16% annually.

Industry Valuation and Performance

Has the Belgian Real Estate Industry valuation changed over the past few years?

DateMarket CapRevenueEarningsPEAbsolute PEPS
Fri, 13 Jun 2025€3.0b€944.8m€186.1m14.2x16.2x3.2x
Sun, 11 May 2025€3.0b€945.4m€186.2m14x15.9x3.1x
Tue, 08 Apr 2025€2.6b€1.1b€207.9m9.6x12.4x2.3x
Thu, 06 Mar 2025€2.8b€916.5m€169.5m8.7x16.3x3x
Sat, 01 Feb 2025€3.0b€677.9m€63.0m10.8x47.1x4.4x
Mon, 30 Dec 2024€2.7b€678.0m€63.0m10.3x42.2x3.9x
Wed, 27 Nov 2024€2.9b€677.0m€61.7m10.9x46.2x4.2x
Fri, 25 Oct 2024€3.0b€677.0m€61.7m11.4x48.4x4.4x
Sun, 22 Sep 2024€3.4b€676.4m€60.4m12.9x55.7x5x
Tue, 20 Aug 2024€3.6b€482.1m-€13,925,249.0013.6x-257.9x7.4x
Thu, 18 Jul 2024€3.8b€482.1m-€13,925,249.0014.1x-272x7.9x
Sat, 15 Jun 2024€3.6b€483.0m-€12,511,469.0012.8x-291.5x7.6x
Mon, 13 May 2024€3.9b€483.4m-€12,511,469.0013.1x-309.7x8x
Wed, 10 Apr 2024€3.7b€483.6m-€16,109,469.0011x-232.4x7.7x
Fri, 08 Mar 2024€3.6b€548.8m€25.6m10.5x142.5x6.6x
Sun, 04 Feb 2024€3.9b€462.5m-€275,308,486.0011.1x-14x8.3x
Tue, 02 Jan 2024€3.6b€462.5m-€275,274,486.0011.5x-13x7.8x
Thu, 30 Nov 2023€6.7b€810.6m€249.4m6.7x26.9x8.3x
Sat, 28 Oct 2023€5.9b€810.6m€249.4m6.4x23.5x7.2x
Mon, 25 Sep 2023€6.6b€810.5m€249.3m6.7x26.7x8.2x
Wed, 23 Aug 2023€6.8b€880.0m€389.1m14.5x17.5x7.7x
Fri, 21 Jul 2023€7.1b€847.6m€502.3m19.8x14.2x8.4x
Sun, 18 Jun 2023€7.5b€847.8m€502.5m20.7x14.9x8.8x
Tue, 16 May 2023€7.8b€858.3m€505.9m19.1x15.4x9.1x
Thu, 13 Apr 2023€7.8b€862.8m€515.6m18.5x15.2x9.1x
Sat, 11 Mar 2023€7.3b€946.5m€690.8m12.7x10.5x7.7x
Mon, 06 Feb 2023€8.1b€964.1m€1.5b5.7x5.5x8.4x
Wed, 04 Jan 2023€7.5b€964.1m€1.5b5.7x5.1x7.7x
Fri, 02 Dec 2022€7.1b€964.1m€1.5b5.4x4.9x7.4x
Sun, 30 Oct 2022€6.8b€964.1m€1.5b5.4x4.7x7.1x
Tue, 27 Sep 2022€7.0b€964.0m€1.5b5.2x4.8x7.2x
Thu, 25 Aug 2022€9.4b€1.1b€1.5b6.3x6.1x8.4x
Sat, 23 Jul 2022€9.2b€1.1b€1.3b6.1x7x8.3x
Mon, 20 Jun 2022€9.3b€1.1b€1.3b6.7x7x8.4x
Price to Earnings Ratio

7x


Total Market Cap: €9.3bTotal Earnings: €1.3bTotal Revenue: €1.1bTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Real Estate Industry Price to Earnings3Y Average -30.6x202320242025
Current Industry PE
  • Investors are pessimistic on the Belgian Real Estate industry, indicating that they anticipate long term growth rates will be lower than they have historically.
  • The industry is trading at a PE ratio of 16.3x which is higher than its 3-year average PE of -30.6x.
  • The 3-year average PS ratio of 6.9x is higher than the industry's current PS ratio of 3.2x.
Past Earnings Growth
  • The earnings for companies in the Real Estate industry have declined 48% per year over the last three years,
  • Revenues have also declined 5.1% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Trends

Which industries have driven the changes within the Belgian Real Estate industry?

BE Market0.63%
Real Estate0.58%
Real Estate0.036%
Diversified Real Estate6.32%
Real Estate Development3.68%
Real Estate Operating Companies-0.25%
Real Estate Services-16.80%
Industry PE
  • Investors are most optimistic about the Real Estate Operating Companies industry even though it's trading below its 3-year average PE ratio of 36.9x.
    • Analysts are expecting annual earnings growth of 9.7%, which is higher than its past year's earnings decline of 36.2% per year.
Forecasted Growth
  • Analysts are most optimistic on the Real Estate Development industry, expecting annual earnings growth of 96% over the next 5 years.
  • This is better than its past earnings decline of 51% per year.
  • In contrast, the Real Estate Operating Companies industry is expected to see its earnings grow by 9.7% per year over the next few years.

Top Stock Gainers and Losers

Which companies have driven the market over the last 7 days?

CompanyLast Price7D1YValuation
ATEB Atenor€2.862.9%
+€4.9m
-51.4%PS0.5x
IMMO Immobel€19.142.5%
+€4.7m
-25.2%PS0.5x
TEXF Texaf€33.400.6%
+€733.3k
-8.2%PE16.5x
BANI Banimmo€2.940.7%
+€225.0k
-7.5%PE14.2x
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Latest News

INCLU

€16.80

Inclusio

7D

-4.5%

1Y

20.0%

TEXF

€33.40

Texaf

7D

0.6%

1Y

-8.2%

DISL

€208.00

Immobiliere Distri-Land

7D

-16.8%

1Y

5.1%

SOFT

€0.89

Softimat

7D

-21.9%

1Y

-11.0%

ATEB

€2.86

Atenor

7D

2.9%

1Y

-51.4%

VGP

€80.90

VGP

7D

-1.3%

1Y

-19.6%

IMMOU

€36.00

Immo Moury

7D

-3.2%

1Y

16.9%

ACCB

€0.029

Accentis

7D

-6.3%

1Y

1.7%

IEP

€5.10

Iep Invest

7D

-1.0%

1Y

-9.7%