Financial information

Debt ratio

The debt ratio (RREC Royal Decree) was 47.50% on 30 June 2025. The debt ratio (IFRS) amounted to 46.64%.

Taking into account Home Invest Belgium's strategy to keep its debt level below 55% in the medium and long term, Home Invest Belgium still has a debt capacity of € 151.04 million to fund new investments.

Taking into account a maximum permitted debt ratio of 65%, Home Invest Belgium has a debt capacity of € 453.13 million, as defined by the RREC Royal Decree to fund new investments.

47.50%

Debt ratio (RREC Royal Decree) on 30/06/2025

Composition of financial debts

On 30 June 2025, Home Invest Belgium had € 405.00 million in financial debts composed of:

  • Bilateral credit lines drawn for an amount of € 350.00 million with 7 different financial institutions, with well spread maturity dates until 2032. There are no maturity dates falling in 2025. The first coming maturity dates are in the second half of 2026;

  • Bond loans for an amount of € 49.00 million, maturing between 2028 and 2032;

  • Sort-term treasury notes ("commercial paper") for an amount of € 6.00 million. Notwithstanding the short-term nature of the outstanding commercial paper, the outstanding amount is fully covered by available long-term credit lines (back-up lines).

Maturity of financial debts

The weighted average remaining duration of the financial debts amounts to 4.1 years.

On 30 June 2025, Home Invest Belgium disposed of € 108.00 million of undrawn available credit lines consisting of:

  • € 6.00 million long-term back-up lines covering short-term outstanding treasury notes;

  • € 102.00 million available credit lines.

Interest hedging

On 30 June 2025, 88.1% of financial debts (for an amount of € 357.0 million) had a fixed interest rate, using Interest Rate Swaps as hedging instruments, among other things.

The fixed interest rates have a weighted average remaining duration of 4.9 years.

The total value of the hedges at closing date was positive for an amount of € 12.02 million due to an increase in interest rates after conclusion of the hedges.

Through its hedging policy, the board of directors wishes to protect the company against potential increases in interest rate.