Atenor
ATEO.BR operates in the Real Estate Rental, Development & Operations industry, generating revenue primarily through real estate rental, development, and operations activities.
Business. ATEO.BR is a real estate company engaged in rental, development, and operations activities. The firm is headquartered in Belgium and is primarily listed on the Euronext Brussels exchange under the ticker ATEO.BR. Specific details regarding operating segments and geographic revenue mix are not available.
Analyst recommendations
3 analysts · consensus SellAt a glance
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
ATEO.BR is a real estate company engaged in rental, development, and operations activities. The firm is headquartered in Belgium and is primarily listed on the Euronext Brussels exchange under the ticker ATEO.BR. Specific details regarding operating segments and geographic revenue mix are not available.
ATEO.BR's capital structure is highly leveraged, with a debt-to-equity ratio of 2.82, indicating significant reliance on debt financing. The company's liquidity position is medium risk, with negative net cash after subtracting total debt, and a current ratio of 1.95, suggesting moderate short-term liquidity. Free cash flow is negative at -135.67 million EUR, and operating cash flow is 25.45 million EUR, indicating a mismatch between operating performance and cash generation.
Profitability metrics are sharply negative, with a return on equity of -67.3% and a return on assets of -15.92%, both well below industry norms for real estate firms. Operating income is -102.84 million EUR, and net income is -138.73 million EUR, reflecting a deteriorating financial performance. Gross profit is also negative at -4.61 million EUR, signaling cost overruns or pricing pressures.
The company's geographic and segment exposure is not disclosed in the available data, but the revenue concentration in a single business activity (Real Estate Rental, Development & Operations) suggests a high degree of operational risk. Without segment-level data, it is difficult to assess diversification or growth drivers within the real estate portfolio.
ATEO.BR's growth trajectory is uncertain, with no specific revenue growth or decline figures provided in the outlook. However, the negative net income and operating income suggest a challenging operating environment. The company's capital expenditure is minimal at -555,000 EUR, indicating limited investment in new projects or asset development.
Risk factors include a high debt load, negative net income, and weak liquidity. The risk assessment indicates a medium liquidity risk and low dilution risk, but the negative net cash position after debt is a key flag. No dilution sources are disclosed, and the dilution potential is low, suggesting no immediate pressure from equity issuance.
Recent events or filings are not detailed in the available data, but the negative financial performance and high leverage suggest the company may be under pressure to restructure or refinance its debt. Analysts have assigned a mean price target of 3.20 EUR, with a median of 3.20 EUR, and a mean recommendation of 3.67 (Hold), indicating a cautious outlook.
- ATEO.BR is highly leveraged, with a debt-to-equity ratio of 2.82, indicating significant financial risk.
- The company is unprofitable, with a return on equity of -67.3% and a return on assets of -15.92%.
- Free cash flow is negative at -135.67 million EUR, and operating cash flow is 25.45 million EUR, indicating a mismatch between operating performance and cash generation.
- The company's liquidity position is medium risk, with negative net cash after subtracting total debt.
- Analysts have assigned a mean price target of 3.20 EUR and a mean recommendation of 3.67 (Hold), indicating a cautious outlook.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
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Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 0,01 |
| Revenue | —no estimate | —no estimate | 220,1M EUR |
| Operating income | —no estimate | —no estimate | 27,9M EUR |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
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- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- ATEO.BR Market data — financials · 2026-05-27
- Atenor SA Market data — analyst estimates · 2026-05-27