Financial structure

As at 31 December 2020, Vastned Belgium has a stable financial structure allowing it to carry out its activities also in 2021.

The most important characteristics of the financial structure as at 31 December 2020 are:

  • Amount of withdrawn financial debts: € 92,1 million
     
  • 92% of credit lines are long-term financing with an average remaining duration of 3,5 years. 
  • € 32.9 million of unused credit facilities available

 

Proportion of long-term and short-term credit facilities

Proportion of long-term and short-term credit facilities

  • Expiry dates of credit facilities between 2022 and 2024.
  • Spread of credit facilities over 4 European financial institutions.
  • € 32,9 million of available non-withdrawn credit lines
  • 64% of the available credit facilities have an interest rate fixed by interest rate swaps, 36% have a variable interest rate; with regard to the withdrawn credit facilities, these figures are respectively 87% and 13%
  • Fixed interest rates are set for a remaining period of 3.4 years on average
  • Average interest rate for 2020: 1,6% including bank margins
  • Value of financial derivatives: € 2,0 million negative
  • Limited debt ratio of 28,5% (27,9% as at 31 December 2020) (statutory maximum: 65%)
  • There were no changes made to the existing agreements contracted, and the RREC fulfilled these agreements as at 31 December 2020.

 

Due dates calendar of credit lines

Due dates calendar of credit lines