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Vastned NV, formerly Vastned Belgium is a Belgium-based property investment company. Principally, it invests in Belgian commercial real estate, prime retail properties located on the shopping streets in the cities of Antwerp, Brussels, Ghent and Bruges, inner-city shops, high-end retail parks and retail warehouses.
1987
3
LTM Revenue $72.6M
LTM EBITDA $50.5M
$589M
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Vastned has a last 12-month revenue of $72.6M and a last 12-month EBITDA of $50.5M.
In the most recent fiscal year, Vastned achieved revenue of $21.6M and an EBITDA of $14.9M.
Vastned expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Vastned valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $21.8M | $21.6M | XXX | XXX | XXX |
| Gross Profit | $17.2M | $18.7M | XXX | XXX | XXX |
| Gross Margin | 79% | 87% | XXX | XXX | XXX |
| EBITDA | $15.8M | $14.9M | XXX | XXX | XXX |
| EBITDA Margin | 73% | 69% | XXX | XXX | XXX |
| Net Profit | $15.6M | $12.1M | XXX | XXX | XXX |
| Net Margin | 71% | 56% | XXX | XXX | XXX |
| Net Debt | $86.3M | $83.1M | XXX | XXX | XXX |
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As of April 15, 2025, Vastned's stock price is EUR 28 (or $30).
Vastned has current market cap of EUR 447M (or $480M), and EV of EUR 548M (or $589M).
See Vastned trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $589M | $480M | XXX | XXX | XXX | XXX | $1.88 |
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Sign UpAs of April 15, 2025, Vastned has market cap of $480M and EV of $589M.
Vastned's trades at 8.1x LTM EV/Revenue multiple, and 11.6x LTM EBITDA.
Analysts estimate Vastned's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Vastned and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $589M | XXX | XXX | XXX |
| EV/Revenue | 27.3x | XXX | XXX | XXX |
| EV/EBITDA | 39.6x | XXX | XXX | XXX |
| P/E | 42.0x | XXX | XXX | XXX |
| P/E/Growth | 0.4x | XXX | XXX | XXX |
| EV/FCF | 37.9x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpVastned's NTM/LTM revenue growth is -5%
Vastned's revenue per employee for the last fiscal year averaged $7.2M, while opex per employee averaged $0.5M for the same period.
Over next 12 months, Vastned's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Vastned's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Vastned and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | -1% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 69% | XXX | XXX | XXX | XXX |
| EBITDA Growth | -6% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 64% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $7.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.5M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 6% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | n/a | XXX | XXX | XXX | XXX |
| Opex to Revenue | 7% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Investcorp Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| Waha Capital | XXX | XXX | XXX | XXX | XXX | XXX |
| ASR Nederland | XXX | XXX | XXX | XXX | XXX | XXX |
| CVC Capital Partners | XXX | XXX | XXX | XXX | XXX | XXX |
| Eurocommercial Props | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Vastned acquired XXX companies to date.
Last acquisition by Vastned was XXXXXXXX, XXXXX XXXXX XXXXXX . Vastned acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Vastned founded? | Vastned was founded in 1987. |
| Where is Vastned headquartered? | Vastned is headquartered in Belgium. |
| How many employees does Vastned have? | As of today, Vastned has 3 employees. |
| Is Vastned publicy listed? | Yes, Vastned is a public company listed on BRU. |
| What is the stock symbol of Vastned? | Vastned trades under VASTB ticker. |
| When did Vastned go public? | Vastned went public in 1999. |
| Who are competitors of Vastned? | Similar companies to Vastned include e.g. Investcorp Capital, Waha Capital, ASR Nederland, CVC Capital Partners. |
| What is the current market cap of Vastned? | Vastned's current market cap is $480M |
| What is the current revenue of Vastned? | Vastned's last 12-month revenue is $72.6M. |
| What is the current EBITDA of Vastned? | Vastned's last 12-month EBITDA is $50.5M. |
| What is the current EV/Revenue multiple of Vastned? | Current revenue multiple of Vastned is 8.1x. |
| What is the current EV/EBITDA multiple of Vastned? | Current EBITDA multiple of Vastned is 11.6x. |
| What is the current revenue growth of Vastned? | Vastned revenue growth between 2023 and 2024 was -1%. |
| Is Vastned profitable? | Yes, Vastned is EBITDA-positive (as of the last 12 months). |
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