# ACKERMANS & VAN HAAREN

Summary updated: 2026-10-04T14:39:17.137315Z
Canonical: https://finbar.com/research/companies/ackermans-van-haaren

## Overview

Ackermans & van Haaren (AvH) is an Antwerp-headquartered investment group that invests in and develops businesses across Marine Engineering & Contracting, Private Banking, Real Estate, Energy & Resources, and Growth Capital. Its portfolio companies operate internationally. [1](https://www.avh.be/en/about)[2](https://www.avh.be/en/our-investments)

AvH describes its purpose as being a long-term partner to family businesses and management teams, helping build high-performing market leaders and contribute to a more sustainable world. For FY2025, it reported €7.7 billion in pro forma turnover and 24,931 employees across its participations; these are portfolio-level indicators rather than AvH NV’s standalone revenue and headcount. [3](https://app.finbar.com/go?id=P28699176)[4](https://www.avh.be/en/investor-relations)
[3](https://app.finbar.com/go?id=P28699176)[1](https://www.avh.be/en/about)[2](https://www.avh.be/en/our-investments)[4](https://www.avh.be/en/investor-relations)

## Products & services

AvH’s portfolio spans marine construction, infrastructure and building solutions, banking, real estate, agriculture, materials and industrial services. DEME provides dredging and marine civil works, offshore installation for renewable energy and oil and gas, environmental remediation, and aggregate and mineral extraction. Its offshore capabilities include installing wind-farm foundations, turbines, cables and substations using a specialized fleet that includes vessels such as *Green Jade* and *Norse Wind*. [5](https://app.finbar.com/go?id=P122591758)[6](https://app.finbar.com/go?id=P122591763)[7](https://app.finbar.com/go?id=P122591775)[8](https://www.deme-group.com/activities/offshore)

CFE’s offerings include real-estate development, multitechnics, and construction and renovation. Multitechnics includes building-energy systems, industrial automation and robotisation, rail and mobility infrastructure, and public lighting; its construction activity includes sustainable and circular building. [9](https://www.cfe.be/en/activites)[10](https://www.cfe.be/en/multitechnics)[11](https://www.cfe.be/en/construction-renovation) Delen Private Bank provides discretionary wealth and asset management, while Bank Van Breda advises family entrepreneurs and liberal professionals on private and professional financial needs. [12](https://www.delen.bank/en-be/our-solutions/wealth-management)[13](https://www.bankvanbreda.be/over-ons/bedrijfsmissie)

Nextensa combines real-estate investment and development, including mixed-use urban projects such as Tour & Taxis/Lake Side. [14](https://app.finbar.com/go?id=P122592158)[15](https://app.finbar.com/go?id=P122592153)[16](https://www.nextensa.eu/en/) In agriculture, SIPEF produces crude palm oil and bananas; its FY2025 production was 441,867 tonnes of crude palm oil and 52,159 tonnes of bananas. Verdant Bioscience develops F1 hybrid oil-palm varieties and productivity technologies. [17](https://app.finbar.com/go?id=P122592261)[18](https://www.avh.be/en/our-investments/energy-and-resources/verdant-bioscience) Sagar Cements’ range includes ordinary Portland cement, Portland pozzolana cement, sulphate-resistant Portland cement, Portland slag cement and ground granulated blast-furnace slag. [19](https://sagarcements.in/about/overview)

Other portfolio offerings include Agidens’ consulting, automation and maintenance services for sectors including life sciences, food and beverages, infrastructure and chemicals, and Biolectric’s compact farm biogas installations, with capacity of up to 200 kW. [20](https://www.avh.be/en/our-investments/growth-capital/agidens)[21](https://www.avh.be/en/our-investments/growth-capital/biolectric)
[5](https://app.finbar.com/go?id=P122591758)[6](https://app.finbar.com/go?id=P122591763)[7](https://app.finbar.com/go?id=P122591775)[8](https://www.deme-group.com/activities/offshore)[9](https://www.cfe.be/en/activites)[10](https://www.cfe.be/en/multitechnics)[11](https://www.cfe.be/en/construction-renovation)[12](https://www.delen.bank/en-be/our-solutions/wealth-management)[13](https://www.bankvanbreda.be/over-ons/bedrijfsmissie)[14](https://app.finbar.com/go?id=P122592158)[15](https://app.finbar.com/go?id=P122592153)[16](https://www.nextensa.eu/en/)[17](https://app.finbar.com/go?id=P122592261)[18](https://www.avh.be/en/our-investments/energy-and-resources/verdant-bioscience)[19](https://sagarcements.in/about/overview)[20](https://www.avh.be/en/our-investments/growth-capital/agidens)[21](https://www.avh.be/en/our-investments/growth-capital/biolectric)[8](https://www.deme-group.com/activities/offshore)[9](https://www.cfe.be/en/activites)[10](https://www.cfe.be/en/multitechnics)[11](https://www.cfe.be/en/construction-renovation)[12](https://www.delen.bank/en-be/our-solutions/wealth-management)[13](https://www.bankvanbreda.be/over-ons/bedrijfsmissie)[16](https://www.nextensa.eu/en/)[18](https://www.avh.be/en/our-investments/energy-and-resources/verdant-bioscience)[19](https://sagarcements.in/about/overview)[20](https://www.avh.be/en/our-investments/growth-capital/agidens)[21](https://www.avh.be/en/our-investments/growth-capital/biolectric)

## Geographic presence

Ackermans & van Haaren’s geographic footprint spans Belgium and international markets through its portfolio companies. Delen Private Bank operates in Belgium and the Netherlands, with offices in Luxembourg and Switzerland; JM Finn gives the group a presence in the UK. SIPEF’s palm-oil operations include plantations and mills in Indonesia and Papua New Guinea. These examples describe disclosed operating locations, not an exhaustive list of the group’s activities. [22](https://app.finbar.com/go?id=P112819955)[23](https://app.finbar.com/go?id=P68666488)[24](https://app.finbar.com/go?id=P122488507)

The FY2025 reporting materials provide group and segment figures but no consolidated revenue breakdown by country or region. AvH itself reported 52 employees: 47 in Belgium, 1 in the DACH region, and 4 in India and Southeast Asia. Its listed office address is Begijnenvest 113, 2000 Antwerp, Belgium. [25](https://app.finbar.com/go?id=P70210554)[26](https://app.finbar.com/go?id=T5574229)[27](https://www.avh.be/en/contact)
[22](https://app.finbar.com/go?id=P112819955)[23](https://app.finbar.com/go?id=P68666488)[24](https://app.finbar.com/go?id=P122488507)[25](https://app.finbar.com/go?id=P70210554)[26](https://app.finbar.com/go?id=T5574229)[27](https://www.avh.be/en/contact)

## Business segments

Ackermans & van Haaren reports five business segments. The percentages below show each segment’s approximate share of 2025 profit attributable to the AvH group (€592.5 million total); 2025 revenue shares are included for context. [28](https://app.finbar.com/go?id=T726541)

Marine Engineering & Contracting, comprising DEME Group and CFE’s marine engineering, contracting and construction-related activities, generated €241.9 million of group-share profit (about 40.8%) and €5,328.6 million of revenue (about 89.4%). Private Banking, centred on Delen Private Bank and Bank Van Breda, contributed €287.4 million of group-share profit (about 48.5%) and €415.1 million of revenue (about 7.0%). [28](https://app.finbar.com/go?id=T726541)[29](https://app.finbar.com/go?id=P103232938)[30](https://app.finbar.com/go?id=P67797851)

Real Estate contributed €23.5 million of group-share profit (about 4.0%) and €124.5 million of revenue (about 2.1%). Energy & Resources, including SIPEF, Verdant Bioscience and Sagar Cements, contributed €41.3 million of group-share profit (about 7.0%) and €0.5 million of revenue (less than 0.01%). AvH & Growth Capital recorded a group-share loss of €1.5 million (about −0.3%) and revenue of €95.5 million (about 1.6%). [28](https://app.finbar.com/go?id=T726541)[31](https://app.finbar.com/go?id=P106085799)

Revenue shares are approximate and can be affected by inter-segment eliminations; banking revenue is also not directly comparable with revenue from industrial businesses. The 2025 group reporting uses these five categories and does not provide a finer group-level profit contribution breakdown by portfolio company. [28](https://app.finbar.com/go?id=T726541)
[28](https://app.finbar.com/go?id=T726541)[29](https://app.finbar.com/go?id=P103232938)[30](https://app.finbar.com/go?id=P67797851)[31](https://app.finbar.com/go?id=P106085799)

## Company history

Founded in 1876 in Kerkdriel, Netherlands, by contractor Nicolaas van Haaren and engineer Hendrik Willem Ackermans, the company began with dredging and infrastructure work. In 1924, it became a public limited company. [32](https://www.avh150.be/en/all-stories/main-story)[33](https://www.avh150.be/en/all-stories/nv-sa)

AvH’s shares were listed in Brussels and Antwerp in 1984. It broadened its activities through investments including Belcofi–Delen in 1992, SIPEF in 1997 and Bank J. Van Breda & C° in 1998. [34](https://www.avh150.be/en/all-stories/ipo)[35](https://www.avh.be/en/about/our-investment-history)

In 1974, AvH and CFE combined their dredging operations to form Dredging International, part of the lineage of DEME. In 2013, CFE acquired exclusive control of DEME, while AvH became CFE’s majority shareholder. Luc Bertrand, who joined AvH’s board in 1985 and led its Executive Committee from 1990 to 2016, later became non-executive chair. [35](https://www.avh.be/en/about/our-investment-history)[36](https://www.avh.be/en/our-investments/marine-engineering-and-contracting/deme)[37](https://www.vinci.com/en/newsroom/press-releases/closing-operation-whereby-cfe-acquires-exclusive-control-deme-and-ackermans)[38](https://www.avh.be/en/about/governance/board-of-directors)
[32](https://www.avh150.be/en/all-stories/main-story)[33](https://www.avh150.be/en/all-stories/nv-sa)[34](https://www.avh150.be/en/all-stories/ipo)[35](https://www.avh.be/en/about/our-investment-history)[36](https://www.avh.be/en/our-investments/marine-engineering-and-contracting/deme)[37](https://www.vinci.com/en/newsroom/press-releases/closing-operation-whereby-cfe-acquires-exclusive-control-deme-and-ackermans)[38](https://www.avh.be/en/about/governance/board-of-directors)

## Sources

1. [www.avh.be](https://www.avh.be/en/about)
2. [www.avh.be](https://www.avh.be/en/our-investments)
3. [ACKERMANS & VAN HAAREN — Full financial report (2025 Y), p262](https://app.finbar.com/go?id=P28699176)
4. [www.avh.be](https://www.avh.be/en/investor-relations)
5. [ACKERMANS & VAN HAAREN — Presentation (2026 Q 1), p17](https://app.finbar.com/go?id=P122591758)
6. [ACKERMANS & VAN HAAREN — Presentation (2026 Q 1), p19](https://app.finbar.com/go?id=P122591763)
7. [ACKERMANS & VAN HAAREN — Presentation (2026 Q 1), p21](https://app.finbar.com/go?id=P122591775)
8. [www.deme-group.com](https://www.deme-group.com/activities/offshore)
9. [www.cfe.be](https://www.cfe.be/en/activites)
10. [www.cfe.be](https://www.cfe.be/en/multitechnics)
11. [www.cfe.be](https://www.cfe.be/en/construction-renovation)
12. [www.delen.bank](https://www.delen.bank/en-be/our-solutions/wealth-management)
13. [www.bankvanbreda.be](https://www.bankvanbreda.be/over-ons/bedrijfsmissie)
14. [ACKERMANS & VAN HAAREN — Presentation (2026 Q 1), p60](https://app.finbar.com/go?id=P122592158)
15. [ACKERMANS & VAN HAAREN — Presentation (2026 Q 1), p58](https://app.finbar.com/go?id=P122592153)
16. [www.nextensa.eu](https://www.nextensa.eu/en/)
17. [ACKERMANS & VAN HAAREN — Presentation (2026 Q 1), p73](https://app.finbar.com/go?id=P122592261)
18. [www.avh.be](https://www.avh.be/en/our-investments/energy-and-resources/verdant-bioscience)
19. [sagarcements.in](https://sagarcements.in/about/overview)
20. [www.avh.be](https://www.avh.be/en/our-investments/growth-capital/agidens)
21. [www.avh.be](https://www.avh.be/en/our-investments/growth-capital/biolectric)
22. [ACKERMANS & VAN HAAREN — Full financial report (2025 Y), p118](https://app.finbar.com/go?id=P112819955)
23. [ACKERMANS & VAN HAAREN — Full financial report (2025 Y), p100](https://app.finbar.com/go?id=P68666488)
24. [ACKERMANS & VAN HAAREN — Press release (2026 Q 1), p11](https://app.finbar.com/go?id=P122488507)
25. [ACKERMANS & VAN HAAREN — Full financial report (2025 Y), p9](https://app.finbar.com/go?id=P70210554)
26. [ACKERMANS & VAN HAAREN — Full financial report (2025 Y), p73](https://app.finbar.com/go?id=T5574229)
27. [www.avh.be](https://www.avh.be/en/contact)
28. [ACKERMANS & VAN HAAREN — Full financial report (2025 Y), p178](https://app.finbar.com/go?id=T726541)
29. [ACKERMANS & VAN HAAREN — Full financial report (2025 Y), p170](https://app.finbar.com/go?id=P103232938)
30. [ACKERMANS & VAN HAAREN — Full financial report (2025 Y), p24](https://app.finbar.com/go?id=P67797851)
31. [ACKERMANS & VAN HAAREN — Full financial report (2025 Y), p169](https://app.finbar.com/go?id=P106085799)
32. [www.avh150.be](https://www.avh150.be/en/all-stories/main-story)
33. [www.avh150.be](https://www.avh150.be/en/all-stories/nv-sa)
34. [www.avh150.be](https://www.avh150.be/en/all-stories/ipo)
35. [www.avh.be](https://www.avh.be/en/about/our-investment-history)
36. [www.avh.be](https://www.avh.be/en/our-investments/marine-engineering-and-contracting/deme)
37. [www.vinci.com](https://www.vinci.com/en/newsroom/press-releases/closing-operation-whereby-cfe-acquires-exclusive-control-deme-and-ackermans)
38. [www.avh.be](https://www.avh.be/en/about/governance/board-of-directors)

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