Bever Holding: pre-tax loss increases in first half of 2026, portfolio stable
N.V. Bever Holding published on September 15, 2026 its accounts for the first half of 2026, which are not audited by the external statutory auditor.
The real estate company listed on Euronext Amsterdam reports a pre-tax loss higher than in the same period of 2025, while no adjustment to the valuation of its real estate portfolio was deemed necessary as of June 30, 2026, and its equity stands at approximately 73.2 million euros.
Pre-tax loss of 1.095 million euros against 704 thousand euros one year earlier
Bever Holding recorded a consolidated pre-tax result of 1.095 million euros negative for the first half of 2026, compared to 704 thousand euros negative for the first half of 2025.
This result breaks down into net financial income of 95 thousand euros and other charges of 1.190 million euros. The company notes that comparative figures for the first half of 2025 have been partially reclassified for comparability purposes, with no impact on operating income or equity.
Bever Holding, whose activity focuses on the (re)development of residential properties, commercial real estate and hotels, had only one employee as of June 30, 2026.
Equity of 73.2 million euros and intrinsic value of 4.29 euros per share
As of June 30, 2026, Bever Holding's equity stood at approximately 73.2 million euros for a total balance sheet of approximately 86.8 million euros.
The intrinsic value per share, calculated on the basis of the number of shares outstanding as of June 30, 2026, amounted to approximately 4.29 euros. The real estate portfolio was valued at 57.24 million euros; the company states that in view of its composition and an interim valuation, no adjustment to valuations as of June 30, 2026 was deemed necessary.
Total short-term debt amounted to 2.890 million euros on that same date.
Appeal against van Erk and continuation of projects in the Netherlands and Belgium
Bever Holding indicated that it would appeal the judgment of the The Hague court concerning it, in the dispute opposing it to Adriaan van Erk Onroerend Goed B.V. and the parties concerned, as announced in its press release of July 31, 2026.
The court rejected Bever Holding's requests, finding, according to the company, that it was unable to establish the existence of the alleged profit-sharing agreement or the agreements on interest, costs and charges. Bever had previously been ordered to deliver land positions at Noordwijk for an amount of 60 million euros.
On the operational front, the company is continuing the redevelopment of the Ivicke estate in Wassenaar towards an office function, for which the Studio SAAM firm has filed two environmental permits. An object was also acquired in Belgium in the first half of 2026, and an additional advance of 0.5 million euros was paid by Planvisie België NV for the extension of an existing purchase option. Bever Holding also remains awaiting the continuation of the appeal procedure before the College van Beroep voor het bedrijfsleven (CBb).
