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- Vastned
Vastned Valuation Multiples
Discover revenue and EBITDA valuation multiples for Vastned and similar public comparables like Chrysalis Investments, IDI SCA, Novavest Real Estate, Kinea High Yield CRI and more.
Vastned Overview
About Vastned
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.
Founded
1987
HQ

Employees
3
Website
Sectors
Financials (LTM)
EV
$1B
Vastned Financials
Vastned reported last 12-month revenue of $81M and EBITDA of $64M.
In the same LTM period, Vastned generated $64M in EBITDA and $53M in net income.
Revenue (LTM)
Vastned P&L
In the most recent fiscal year, Vastned reported revenue of $83M and EBITDA of $89M.
Vastned expects next 12-month revenue of XXX and NTM EBITDA of XXX
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue | $81M | XXX | $83M | XXX | XXX | XXX |
| Gross Profit | — | XXX | $70M | XXX | XXX | XXX |
| Gross Margin | — | XXX | 85% | XXX | XXX | XXX |
| EBITDA | $64M | XXX | $89M | XXX | XXX | XXX |
| EBITDA Margin | 80% | XXX | 108% | XXX | XXX | XXX |
| EBIT Margin | 83% | XXX | 77% | XXX | XXX | XXX |
| Net Profit | $53M | XXX | $58M | XXX | XXX | XXX |
| Net Margin | 65% | XXX | 70% | XXX | XXX | XXX |
| Net Debt | — | — | $578M | XXX | XXX | XXX |
Financial data powered by Morningstar, Inc.
Vastned Stock Performance
Vastned has current market cap of $579M, and enterprise value of $1B.
Market Cap Evolution
Vastned's stock price is $35.82.
| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $1B | $579M | 0.0% | XXX | XXX | XXX | $3.58 |
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Start Free TrialVastned Valuation Multiples
Vastned trades at 14.4x EV/Revenue multiple, and 18.0x EV/EBITDA.
EV / Revenue (LTM)
Vastned Financial Valuation Multiples
As of April 20, 2026, Vastned has market cap of $579M and EV of $1B.
Equity research analysts estimate Vastned's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
Vastned has a P/E ratio of 11.0x.
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Market cap (current) | $579M | XXX | $579M | XXX | XXX | XXX |
| EV (current) | $1B | XXX | $1B | XXX | XXX | XXX |
| EV/Revenue | 14.4x | XXX | 14.0x | XXX | XXX | XXX |
| EV/EBITDA | 18.0x | XXX | 13.0x | XXX | XXX | XXX |
| EV/EBIT | 17.3x | XXX | 18.2x | XXX | XXX | XXX |
| EV/Gross Profit | — | XXX | 16.5x | XXX | XXX | XXX |
| P/E | 11.0x | XXX | 10.0x | XXX | XXX | XXX |
| EV/FCF | 20.9x | XXX | 18.2x | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc. and Morningstar, Inc.
Verified Vastned Valuation Multiples
Access all public comps and forward-looking valuation multiples like EV/Revenue in 2027, based on consensus analyst estimates. Powered by FactSet and Morningstar.


Vastned Margins & Growth Rates
Vastned's revenue in the last 12 month grew by 3%.
Vastned's revenue per employee in the last FY averaged $27.7M, while opex per employee averaged $2.2M for the same period.
Vastned's rule of 40 is 80% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).
Vastned's rule of X is 79% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).
Vastned Operational Valuation Multiples
| LTM | NTM | Last FY | FY 2026 | FY 2027 | FY 2028 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 3% | XXX | (0%) | XXX | XXX | XXX |
| EBITDA Margin | 80% | XXX | 108% | XXX | XXX | XXX |
| EBITDA Growth | 4% | XXX | (26%) | XXX | XXX | XXX |
| Rule of 40 | — | XXX | 80% | XXX | XXX | XXX |
| Bessemer Rule of X | — | XXX | 79% | XXX | XXX | XXX |
| Revenue per Employee | — | XXX | $27.7M | XXX | XXX | XXX |
| Opex per Employee | — | XXX | $2.2M | XXX | XXX | XXX |
| G&A Expenses to Revenue | 20% | XXX | 20% | XXX | XXX | XXX |
| Opex to Revenue | — | XXX | 8% | XXX | XXX | XXX |
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Vastned Public Comps
See public comps and valuation multiples for other Asset Management comps.
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| LTM | 2026E | 2027E | LTM | 2026E | 2027E | |
| Vastned | XXX | XXX | XXX | XXX | XXX | XXX |
| Chrysalis Investments | XXX | XXX | XXX | XXX | XXX | XXX |
| IDI SCA | XXX | XXX | XXX | XXX | XXX | XXX |
| Novavest Real Estate | XXX | XXX | XXX | XXX | XXX | XXX |
| Kinea High Yield CRI | XXX | XXX | XXX | XXX | XXX | XXX |
| Nextensa | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
Valuation data powered by FactSet, Inc.
Vastned M&A Activity
Vastned acquired XXX companies to date.
Last acquisition by Vastned was on XXXXXXXX, XXXXX. Vastned acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Acquisitions by Vastned
| Acquired Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialVastned Investment Activity
Vastned invested in XXX companies to date.
Vastned made its latest investment on XXXXXXXX, XXXXX. Vastned invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).
Latest Investments by Vastned
| Company | Valuation | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXXXXX | XXX | XXX | XXX |
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Start Free TrialAbout Vastned
| 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 over 3 employees. |
| Is Vastned publicly listed? | Yes, Vastned is a public company listed on Euronext Brussels. |
| 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? | Vastned main competitors are Chrysalis Investments, IDI SCA, Novavest Real Estate, Kinea High Yield CRI. |
| What is the current market cap of Vastned? | Vastned's current market cap is $579M. |
| What is the current revenue of Vastned? | Vastned's last 12 months revenue is $81M. |
| What is the current revenue growth of Vastned? | Vastned revenue growth (NTM/LTM) is 3%. |
| What is the current EV/Revenue multiple of Vastned? | Current revenue multiple of Vastned is 14.4x. |
| Is Vastned profitable? | Yes, Vastned is EBITDA-positive (as of the last 12 months). |
| What is the current EBITDA of Vastned? | Vastned's last 12 months EBITDA is $64M. |
| What is Vastned's EBITDA margin? | Vastned's last 12 months EBITDA margin is 80%. |
| What is the current EV/EBITDA multiple of Vastned? | Current EBITDA multiple of Vastned is 18.0x. |
| What is the current FCF of Vastned? | Vastned's last 12 months FCF is $55M. |
| What is Vastned's FCF margin? | Vastned's last 12 months FCF margin is 69%. |
| What is the current EV/FCF multiple of Vastned? | Current FCF multiple of Vastned is 20.9x. |
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