The debt ratio (RREC Royal Decree) was 48.03% on 30 September 2024. The debt ratio (IFRS) amounts to 46.94%.

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 € 135.74 million to fund new investments.

Taking into account a maximum permitted debt ratio of 65%, Home Invest Belgium has a debt capacity of € 424.52 million, as defined by the RREC Royal Decree to fund new investments.

On 30 September 2024, Home Invest Belgium had € 397.00 million in financial debts composed of:

• Bilateral credit lines of € 341.00 million with 7 different financial institutions, with well spread maturity dates until 2030. There are no maturities in 2024. The first coming maturity date is in the second half of 2025;
  
  
• Bondloans for an amount of € 49.00 million maturing between 2028 and 2032;
  
  
• Sort-term treasury notes ("commercial paper") for an amount of € 7.00 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 4.9 years.

On 30 September 2024, Home Invest Belgium disposed of € 62.00 million of undrawn available credit lines consisting of:

• € 7.00 million long-term back-up lines covering short-term outstanding treasury notes;
  
  
• € 55.00 million available credit lines.

On 30 September 2024, 89.9% 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 5.1 years.

The total value of the hedges at closing date was positive for an amount of € 14.67 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.