Presentation

Anima Care

AvH: 92.5%

(€ 1.000) 2017 2016
Turnover 75,182 56,438
EBITDA 14,281 13,094
EBIT 6,232 8,392
Net result 4,799 3,939
Shareholders' equity (group share) 54,295 46,645
Net financial position -85,247 -72,705
Balance sheet total 172,929 151,902
Personnel 1,365 1,119

 

Key figures

Management

Pictures

Anima Care

Beneficial interest AvH: 92.5%
AvH Contact: Jan Suykens
www.animacare.be

Anima Care specializes in the care and health sector in Belgium, focusing on the up-market segment of residential care for the elderly. Anima Care invests in both the operational activities and in the real estate.

Information from the 2017 annual report

At year-end 2017, Anima Care had 2,010 beds in operation: 1,728 retirement home beds, 77 convalescent home beds, and 205 service flats, spread over 20 care centres (8 in Flanders, 8 in Brussels, 4 in Wallonia).

Anima -care

 

Financial overview 2017

Anima Care realized a turnover of 75.2 million euros in 2017. The turnover increase by 18.8 million euros compared with 2016 is primarily attributable to the recent acquisitions. The impact of the six acquisitions that were realized in 2017 was reinforced by the full year’s contribution of ‘Le Birmingham’ and ‘Duneroze’. These two residences - together representing 260 beds - have been reported since the fourth quarter of 2016.

The EBITDAR increased to 16.1 million euros (2016: 14.0 million euros). The net profit for 2017 amounted to 4.8 million euros (2016: 3.9 million euros).

The group’s equity increased from 46.6 million euros at year-end 2016 to 54.3 million euros at year-end 2017. In 2017, the capital was paid-up further to the amount of 2.0 million euros. At year-end 2017, another 4.7 million euros in capital remains to be paid-up.

The net financial debt increased from 72.7 million euros at year-end 2016 to 85.2 million euros at year-end 2017. The increased net debt position is largely attributable to the financing of the acquisition of six residential care centres in 2017 and the various building projects that were started up in 2017. The recent acquisitions and the investments in the new construction projects led to an increase in the balance sheet total from 151.9 million euros at year-end 2016 to 172.9 million euros at year-end 2017.

Operational overview 2017

Anima Care reported a vigorous growth in its activities in 2017. As a result of acquisitions, the number of care centres increased from 14 to 20, and the number of retirement home beds in operation from 1,347 at year-end 2016 to 1,728 at year-end 2017.

  • At the end of March, three Brussels retirement homes, which together have 167 retirement homes in operation, were acquired from Valmont Santé Belgium. ‘La Roseraie’ in Anderlecht has 72 beds, while the ‘Arcade’ and ‘Eden’ retirement homes in Sint-Lambrechts-Woluwe have 57 and 38 beds in operation respectively. ‘Eden’ will relocate to a new building in Vorst with a capacity of 120 retirement home beds in the course of 2019.
  • In June, ‘Atrium’ in Kraainem, which has 47 beds in operation, was acquired.
  • The acquisitions of ‘Edelweiss’ in Anderlecht, which has 67 beds in operation, and of ‘Neerveld’ in Sint-Lambrechts-Woluwe, with 100 beds, were finalized in December.

 

The 22 service flats in the newly built extension in Blegny were brought into use in July.

Several construction projects were started up in 2017 as well.

  • The new building on the ‘Erasmus Gardens’ site in Anderlecht will have a capacity of 159 retirement home beds and 34 service flats. The building will be brought into use in the spring of 2019. 
  • In Zoutleeuw, Anima Care is building a care centre with 43 retirement home beds, 30 convalescent home beds and 20 service flats. This new building will be completed in the spring of 2019. 
  • The new retirement home in Vorst will have 120 retirement home beds. This new building is being realized together with Care Property Invest. It will also open in the spring of 2019. 
  • The new extension with 30 convalescent home beds in Aalst will be ready by the summer of 2018. 
  • Extensive refurbishment works have begun in the residential care centre ‘Kruyenberg’ in Berlare. These works will be carried out in several phases and will be completed by the end of 2018.

 

Outlook 2018

In January 2018, Anima Care acquired the residential care centre ‘Ark van Noé’, with 57 retirement home beds in operation, in Grote-Spouwen (Bilzen). Anima Care will also acquire the new construction project with a capacity of 99 residential units in the centre of Grote-Spouwen. The relocation of ‘Ark van Noé’ to the new building is scheduled for mid-2019.

In 2018, Anima Care will focus primarily on the integration and operational improvement of the recent acquisitions and on the supervision of the various construction projects.

Several projects are in preparation, such as renovation works in Awans and a new building on the Tour & Taxis site.

Anima Care has the ambition to continue growing through acquisitions, new construction projects and the expansion of its range of services. Expansion is the main foundation for the further improvement of profitability in the future. Anima Care resolutely invests in quality. By developing and integrating efficient systems and processes, Anima Care is constantly working on operational improvement. As a 100% Belgian-based firm, combining top-quality service with investment in high-quality real estate, Anima Care is a unique care provider on the Belgian market.

Open

Press releases