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Vastned VASTB.BR · EUR

Real Estate · Euronext Brussels · 🇧🇪 Belgium

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27.20

-0.55%

Close of 9 Nov 2026, in EUR

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About Vastned

Its shares trade on Euronext Brussels under the ticker VASTB.BR. It has been listed since 17 December 1999. In the fiscal year to 31 December 2025, it reported revenue of €70.5m and net income of €49.1m. At that date it held total assets of €1.29bn and shareholders' equity of €725.5m.

Vastned Retail Belgium NV engages in the management of commercial real estate properties. The company is headquartered in Berchem, Antwerpen. The company invests exclusively in Belgian commercial real estate, focusing primarily on inner-city shops in prime locations as well as retail warehouses and shopping centers. The Company’s Inner-city Shops segment includes shops that are located in developed commercial centers with a concentration of large-scale retail organizations. The Retail Warehouses and Shopping Centers segment includes: single buildings or retail parks along the major traffic axes, where retail parks are clusters of retail warehouses, often conceived as trading complexes with shared parking areas, as well as shopping centers, such as complexes comprising different shops that are dependent commercially on each other and which have joined commercial and promotional assets.

Figures and description from our data supplier, not checked against the company's own report.

Company facts

Sector
Real Estate
Industry
Equity Real Estate Investment Trusts (REITs)
Listed since
17 Dec 1999
Employees
9

Leadership

Pay as last reported

  • Mr. Lieven CuvelierIndependent Chairman of the Board
  • Mr. Reinier WaltaInterim Strategic Chief Executive Officer
  • Mrs. Barbara GheysenChief Financial Officer
  • Mr. Sven BosmanFinance Director
  • Mrs. Peggy DeraedtDirector
  • Ms. Anka ReijnenIndependent Director
  • Mr. Ludo RuysenIndependent Director

Environmental, social and governance

Scores out of 100, from our data supplier

ESG
Overall
0
Environment
0
Social
0
Governance
0

SWOT analysis

AI-generated by our data supplier. Not written or checked by our editors.

AI-generated

Strengths

  • Vastned Retail Belgium SA has a strong portfolio of high-quality commercial properties in Belgium, including prime retail locations.
  • The company has a strong track record of delivering consistent rental income and property value appreciation.
  • Vastned Retail Belgium SA has a well-established network of tenants, including reputable national and international retailers.

Weaknesses

  • The company is relatively small in size compared to some of its competitors, which may limit its ability to pursue large-scale projects or acquire significant assets.
  • Vastned Retail Belgium SA is heavily dependent on the retail sector, making it vulnerable to economic downturns or shifts in consumer behavior.
  • The company's geographic concentration in Belgium exposes it to regional market risks and potential disruptions.

Opportunities

  • The growing e-commerce trend presents an opportunity for Vastned Retail Belgium SA to repurpose its properties into mixed-use spaces or experiential retail destinations.
  • Expansion into neighboring European markets could diversify the company's portfolio and reduce its reliance on the Belgian market.
  • The increasing demand for sustainable and environmentally-friendly properties creates an opportunity for Vastned Retail Belgium SA to invest in redevelopment projects that align with these trends.

Threats

  • The ongoing COVID-19 pandemic has significantly impacted the retail sector, leading to reduced foot traffic, tenant bankruptcies, and declining rental revenues.
  • Increased competition in the retail real estate market may put pressure on rental rates and occupancy levels.
  • Changes in government regulations or tax policies could affect the profitability and operating costs of Vastned Retail Belgium SA.

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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