Belgian Resources and Capital Company (BELR.BR)

Belgian Resources and Capital Company (BELR.BR) — VMCI valuation read

Across 120 indicators, Belgian Resources and Capital Company (BELR.BR) lands at VMCI 62/100. The Financial Services sector median is 50, so the 12-point above-median read is the active comparison. Pillar weighting on the score: Value 35%, Quality 30%, Integrity 15%, Growth 12%, Risk 8%.

No material Form 4 disclosures landed on BELR.BR in the past 30 days. Quiet insider tape removes one signal source; the active reads stay with the trailing-twelve-month financials and the next 10-Q.

**Investor frame.** On Value, BELR.BR trades at 17.0x earnings, 6% below the Financial Services median of 18.0x; the EV/EBITDA delta of -2.0x reinforces that single line. On Quality, ROIC of 9.0% trails the Financial Services median (10.0%) by 1.0pp. On Risk, net debt to EBITDA of -0.1x leaves covenant headroom for BELR.BR on the trailing balance sheet.

BELR.BR fell 1.4% over the trailing 7 days, with a -3.5% read on a 30-day basis.