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Belgian (BEL20) Real Estate Operating Companies Industry Analysis

UpdatedApr 24, 2025
DataAggregated Company Financials
Companies9
  • 7D3.4%
  • 3M-0.7%
  • 1Y-23.1%
  • YTDn/a

The Real Estate Operating Companies industry is up 3.4% in the last week, with VGP up 4.1%. Meanwhile, Accentis actually underperformed within the industry, shrinking 7.1% in the last week. In contrast, the industry has lost 23% in the last 12 months. Looking forward, earnings are forecast to grow by 9.7% annually.

Industry Valuation and Performance

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

DateMarket CapRevenueEarningsPEAbsolute PEPS
Thu, 24 Apr 2025€2.7b€534.2m€278.9m15.1x9.5x5x
Sat, 22 Mar 2025€2.7b€704.3m€298.8m12x9.1x3.9x
Mon, 17 Feb 2025€2.7b€465.5m€185.0m11.2x14.4x5.7x
Wed, 15 Jan 2025€2.5b€465.5m€185.0m10.7x13.4x5.3x
Fri, 13 Dec 2024€2.6b€464.6m€183.1m10.7x14.1x5.6x
Sun, 10 Nov 2024€2.8b€464.6m€183.1m11.3x15x5.9x
Tue, 08 Oct 2024€3.0b€464.6m€183.1m12.5x16.6x6.5x
Thu, 05 Sep 2024€3.1b€346.8m€127.3m13x24.6x9x
Sat, 03 Aug 2024€3.4b€299.5m€20.7m13.8x163.5x11.3x
Mon, 01 Jul 2024€3.5b€299.5m€20.7m14.6x167.8x11.6x
Wed, 29 May 2024€3.5b€299.5m€20.7m14.1x170.6x11.8x
Fri, 26 Apr 2024€3.3b€299.4m€20.6m14.6x159.1x10.9x
Sun, 24 Mar 2024€3.4b€299.9m€17.1m12.4x201.4x11.5x
Tue, 20 Feb 2024€3.5b€230.7m-€284,288,144.0015.9x-12.4x15.3x
Thu, 18 Jan 2024€3.2b€230.7m-€284,288,144.0016.3x-11.3x13.9x
Sat, 16 Dec 2023€3.0b€230.6m-€284,254,144.0016.7x-10.6x13.1x
Mon, 13 Nov 2023€6.0b€578.7m€240.4m11.6x25.1x10.4x
Wed, 11 Oct 2023€6.0b€578.7m€240.4m11.4x25x10.4x
Fri, 08 Sep 2023€6.7b€577.7m€241.3m10.7x27.6x11.5x
Sun, 06 Aug 2023€6.9b€568.6m€480.5m14.5x14.3x12.1x
Tue, 04 Jul 2023€6.8b€568.6m€480.7m15.5x14.2x12x
Thu, 01 Jun 2023€6.9b€568.6m€480.7m16x14.3x12.1x
Sat, 29 Apr 2023€7.4b€568.6m€480.7m15.2x15.5x13.1x
Mon, 27 Mar 2023€6.7b€573.4m€490.3m12.6x13.7x11.7x
Wed, 22 Feb 2023€7.4b€585.5m€1.4b4.9x5.4x12.6x
Fri, 20 Jan 2023€7.2b€585.5m€1.4b5x5.3x12.4x
Sun, 18 Dec 2022€7.0b€585.5m€1.4b4.9x5.1x11.9x
Tue, 15 Nov 2022€6.4b€585.5m€1.4b5.2x4.7x11x
Thu, 13 Oct 2022€5.5b€585.5m€1.4b4.9x4x9.5x
Sat, 10 Sep 2022€7.9b€597.4m€1.4b7.2x5.8x13.2x
Mon, 08 Aug 2022€8.9b€668.5m€1.2b8.2x7.3x13.3x
Wed, 06 Jul 2022€8.0b€668.5m€1.2b7.9x6.6x12x
Fri, 03 Jun 2022€9.1b€668.5m€1.2b8.3x7.5x13.6x
Sun, 01 May 2022€11.2b€668.6m€1.2b8.3x9.2x16.7x
Price to Earnings Ratio

9.2x


Total Market Cap: €11.2bTotal Earnings: €1.2bTotal Revenue: €668.6mTotal Market Cap vs Earnings and Revenue0%0%0%
Belgian Real Estate Operating Companies Industry Price to Earnings3Y Average 36.8x202320242025
Current Industry PE
  • Investors are pessimistic on the Belgian Real Estate Operating Companies 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 9.5x which is lower than its 3-year average PE of 36.8x.
  • The 3-year average PS ratio of 10.7x is higher than the industry's current PS ratio of 5.0x.
Past Earnings Growth
  • The earnings for companies in the Real Estate Operating Companies industry have declined 39% per year over the last three years,
  • Revenues have also declined 7.2% per year.
  • This means overall sales from these companies are declining and profits are subsequently falling as well.

Industry Comparison

How does Belgian Real Estate Operating Companies compare with similar industries?

BE Market1.73%
Real Estate1.53%
Real Estate3.29%
Real Estate Operating Companies3.35%
Real Estate Development2.62%
Diversified Real Estate0.56%
Real Estate Services0%0
Industry PEThere are no additional sub-industries under this industry.
Forecasted GrowthThere are no additional sub-industries under this industry.

Top Stock Gainers and Losers

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

CompanyLast Price7D1YValuation
VGP VGP€78.104.6%
+€92.8m
-19.3%PE7.4x
ATEB Atenor€2.953.9%
+€6.7m
-50.3%PS0.6x
INCLU Inclusio€14.203.6%
+€3.7m
7.6%PE5.4x
TEXF Texaf€32.201.9%
+€2.2m
-15.7%PE15.9x
SOFT Softimat€0.801.9%
+€56.5k
-33.3%PS3.5x
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Latest News

ACCB

€0.032

Accentis

7D

-1.5%

1Y

6.3%

INCLU

€14.20

Inclusio

7D

3.6%

1Y

7.6%

TEXF

€32.20

Texaf

7D

1.9%

1Y

-15.7%

VGP

€78.10

VGP

7D

4.6%

1Y

-19.3%

ATEB

€2.95

Atenor

7D

3.9%

1Y

-50.3%

SOFT

€0.80

Softimat

7D

1.9%

1Y

-33.3%

IEP

€5.10

Iep Invest

7D

-1.9%

1Y

-10.5%