The debt ratio (RREC Royal Decree) was 45.43% on 31 March 2025. The debt ratio (IFRS) amounted to 44.52%.

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 € 191.88 million to fund new investments.

Taking into account a maximum permitted debt ratio of 65%, Home Invest Belgium has a debt capacity of € 504.46 million, as defined by the RREC Royal Decree to fund new investments.

On 31 March 2025, Home Invest Belgium had € 386.00 million in financial debts composed of:

• Bilateral credit lines of € 331.00 million with 7 different financial institutions, with well spread maturity dates until 2031. There are no maturities in 2025. The first coming maturity date is in the second half of 2026;
  
  
• Bondloans 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).

The weighted average remaining duration of the financial debts amounts to 4.4 years.

On 31 March 2025, Home Invest Belgium disposed of € 87.00 million of undrawn available credit lines consisting of:

• € 6.00 million long-term back-up lines covering short-term outstanding treasury notes;
  
  
• € 81.00 million available credit lines.

On 31 March 2025, 92.5% 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 € 14.94 million due to a decrease 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.