The annual report 2021 was published.
in thousands of €
|
INVESTMENT PROPERTIES |
2019 |
2018 |
2017 |
2016 |
2015 |
|
Own portfolio |
|
|
|
|
|
|
Total lettable area (m²) |
146,079 |
288,372 |
445,958 |
416,158 |
548,838 |
|
Occupancy rate (%) |
100.0% |
99.2% |
100.0% |
97.0% |
97.3% |
|
Fair value of property portfolio |
792,944 |
576,143 |
627,737 |
550,262 |
677,084 |
|
|
|
|
|
|
|
|
Joint Venture’s portfolio (100%) |
|
|
|
|
- |
|
Total lettable area (m²) |
1,764,640 |
1,333,476 |
830,905 |
593,454 |
- |
|
Occupancy rate (%) |
99.8% |
99.4% |
100.0% |
100.0% |
- |
|
Fair value of property portfolio[1] |
1,978,266 |
1,360,263 |
877,761 |
644,900 |
- |
|
|
|
|
|
|
|
|
BALANCE SHEET |
2019 |
2018 |
2017 |
2016 |
2015 |
|
Shareholders' equity |
699,781 |
543,467 |
466,230 |
390,305 |
361,978 |
|
Gearing |
|
|
|
|
|
|
Net debt / total assets |
37.2% |
34.6% |
42.3% |
39.4% |
35.7% |
|
|
|
|
|
||
|
INCOME STATEMENT |
2019 |
2018 |
2017 |
2016 |
2015 |
|
Gross rental income |
11,653 |
16,627 |
17,046 |
16,806 |
17,073 |
|
Property operating expenses |
(2,556) |
(1,123) |
(1,941) |
(2,000) |
(1,097) |
|
Net rental and related income |
9,097 |
15,504 |
15,105 |
14,806 |
15,976 |
|
Property and facility management / development income |
10,492 |
9,965 |
8,057 |
3,825 |
2,547 |
|
Net valuation gains / (losses) on investment property |
188,165 |
98,552 |
94,628 |
118,900 |
103,981 |
|
Administrative costs |
(21,100) |
(18,167) |
(19,353) |
(15,446) |
(13,451) |
|
Share in the results of joint ventures and associates |
65,703 |
45,220 |
29,229 |
7,897 |
191 |
|
Operating profit |
252,357 |
151,074 |
127,666 |
129,982 |
109,244 |
|
Net financial result |
(14,238) |
(13,970) |
(10,466) |
(16,906) |
(10,154) |
|
Taxes |
(32,506) |
(15,998) |
(21,205) |
(21,790) |
(12,529) |
|
Profit for the year |
205,613 |
121,106 |
95,995 |
91,286 |
86,561 |
[1] Includes buildings under construction and development land which are/will be developed by VGP on behalf of the Joint Ventures.
|
CHAIRMAN |
VM INVEST NV, represented by Bart Van Malderen |
Non-Executive and Reference Shareholder |
|---|---|---|
|
CEO |
Jan Van Geet s.r.o., represented by Jan Van Geet |
Executive and Reference Shareholder |
|
DIRECTORS |
GAEVAN BV represented by Ann Gaeremynck |
Non-Executive (Independent) Director |
|
|
Katherina Reiche |
Non-Executive (Independent) Director |
|
|
Vera Gäde-Butzlaff |
Non-Executive (Independent) Director |
|
BART VAN MALDEREN |
Mr Bart Van Malderen founded Drylock Technologies in 2012. Drylock Technologies is a new hygienic disposable products manufacturer which introduced the revolutionary flufless diaper in 2013. Prior to this Bart Van Malderen held different management positions at Ontex, a leading European manufacturer of hygienic disposable products where he became CEO in 1996 and Chairman of the Board in 2003, a mandate which he occupied until mid- July 2007 |
|---|---|
|
JAN VAN GEET |
Jan Van Geet is the founder of VGP. He has overall daily as well as strategic management responsibilities of the Group. He started in the Czech Republic in 1993 and was manager of Ontex in Turnov, a producer of hygienic disposables. Until 2005, he was also managing director of WDP Czech Republic. WDP is a Belgian real estate investment trust. |
|
ANN GAEREMYNCK |
Mrs. Ann Gaeremynck (Belgian) currently is professor of accounting and audit at the KU Leuven, Faculty of Economics and Business Administration. Her main research area focuses on the field of audit and governance. She is also holder of the Deloitte Chair on Governance. It is the intention of the board to elect Ann Gaeremynck as chairman of the audit committee. |
|
KATHERINA REICHE |
Mrs. Katherina Reiche (German) has been Chief Executive of the Association of Municipal Enterprises (VKU) in Germany since September 2015 and President of the European Confederation of Public Employers and Enterprises (CEEP) since June 2016. She was a member of the German Budestag from 1998 to 2015 and deputy chairman of the CDU/CSU parliamentary group from 2005 to 2009. |
|
VERA GÄDE-BUTZLAFF |
Mrs. Vera Gäde-Butzlaff (German) was Assistant Secretary of State for the Environment and Agriculture at the Ministry for Regional Planning, Agriculture and the Environment of Saxony-Anhalt, from 2001 to 2002. In 2003 she became a member of the board of Berlin city cleaning and waste management companies (BSR), and she was appointed CEO from 2007 until 2014. From 2015 to 2018 she was CEO of GASAG AG, one of the largest regional German energy providers. Since April 2018 she is Chairwoman of the Supervisory Board of Vivantes, the hospital group. |
VGP Corporate Governance Charter VGP NV Articles of Association
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