This document analyzes financial ratios and performance metrics for a real estate development company over 150 years old operating in Luxembourg and Poland. It shows the company's liquidity ratios improving from 2005 to 2011, solvency ratios staying steady around 50%, and a modest return on investment of 5.4-5.7% from 2010 to 2011. The company's turnover increased from 2008 to 2011 while its share price on a given date was €31,10, having risen over the prior week and 6 months. In conclusion, the company has good liquidity and solvency but a less impressive return on investment.

2. Table of contents
0 Company profile
0 Ratio’s
0 Liquidity
0 Solvency
0 Return on investment
0 Evolution of the turnover
0 Evolution of the shareprice
0 Conclusion
0 Sources

3. Company profile
0 > 150 years
0 Real estate development
Offices
Residential buildings
Allocations
0 Sustainable construction
0 Luxembourg + Poland

4. Ratio’s
0 Liquidity
6.00
5.00
4.91
4.00
3.79
3.60
3.00 3.33
2.86
2.00 2.39
1.94
1.00
0.00
2005 2006 2007 2008 2009 2010 2011

5. Ratio’s
0 Solvency
60%
57%
50%
49% 48% 47%
40% 45%
37% 38%
30%
20%
10%
0%
2005 2006 2007 2008 2009 2010 2011

6. Ratio’s
0 Return on investment
6.00%
5.90%
5.80%
5.70%
5.70%
5.60%
5.50%
5.40% 5.44%
5.30%
5.20%
5.10%
5.00%
2010 2011

7. Evolution of the turnover
120,000.00
110,000.00
100,000.00
90,000.00
80,000.00
70,000.00
60,000.00
50,000.00
40,000.00
30,000.00
20,000.00
10,000.00
0.00
2008 2009 2010 2011

8. Evolution of the shareprice
0 Shareprice on 23/03/2013:
 €31,10
1 week 6 months

9. Conclusion
⁺ Good liquidity
⁺ Solvent company
⁻ Less good return on investment

10. Thank you for
watching!

11. Sources
0 http://www.immobel.be/
0 http://www.tijd.be/beurzen/Immobel.60115787