Matexi

What Matexi does

Matexi is a Belgian family-owned residential real estate developer, founded in 1945 as Maatschappij Tot Exploitatie van Immobiliën by the Vande Vyvere brothers and now in its fourth generation of family ownership. The company develops and sells new-build houses, apartments, penthouses, and building plots, with a strong technical emphasis on energy-efficient construction (BEN / E-peil ≤ 30) incorporating heat pumps, photovoltaic panels, and modern insulation. Matexi self-describes as the market leader in Belgian residential neighbourhood development and has housed 48,100+ families cumulatively across 521 currently active projects in 338 cities and municipalities. It specialises in urban reconversion of brownfield sites — former military hospitals, factories, and office buildings — into mixed-use residential neighbourhoods, with reference projects including Antwerp Tower, 't Groen Kwartier, and Quartier Bleu Hasselt.

The business model is straightforward new-build property development for sale, executed through 12 regional offices covering all Belgian provinces plus Luxembourg and Poland. FY2024 revenue of €338 million was generated from 1,031 delivered units at fixed prices with no hidden costs, sold through a direct field-sales model supported by multilingual customer advisors (klantenbegeleiders). Three customer segments are addressed: individual owner-occupier homebuyers (including first-time buyers reached through the HappyNest rent-to-buy joint venture with BNP Paribas Fortis), private buy-to-rent investors (through the Matexi Invest channel, with advertised yields up to 4.53%), and municipalities / public authorities partnering on urban reconversion. Pricing is per unit, publicly listed per project, with a 6% reduced VAT rate available on qualifying demolition-and-rebuild projects under Belgian law.

The go-to-market combines direct field sales through the 12 regional offices with digital marketing (multilingual matexi.be website, active social media presence on Facebook, Instagram, LinkedIn, Twitter, and YouTube), physical show homes and viewing days (kijkdagen), and content marketing including a Nieuwbouwbarometer market data product with Realo. Supporting infrastructure includes the My Matexi customer portal, the Woondossier affordability guide, and the Future Neighborhoods pre-launch waiting list. The company employs more than 300 staff, is headquartered in Waregem with operational offices across Belgium, Luxembourg, Kraków, and Warsaw, and is governed by a board of 7 directors (4 external, 3 family representatives) with the family controlling shareholders represented through Vauban NV, Nimmobo NV, Brunim NV, and Dorebor BV.

Name

Matexi

Legal name

Matexi NV

Website

https://matexi.be

Company type

Private

Founded year

1945

Operating status

Operating

Headcount range

251–500 employees

Short description

Matexi is a Belgian family-owned residential real estate developer founded in 1945, operating 12 regional offices across Belgium, Luxembourg, and Poland, delivering energy-efficient new-build homes, apartments, and reconversion projects to individual buyers, private investors, and municipalities.

Ownership category

akta.pro rank

Headquarters

HQ city

Antwerpen

HQ country

Belgium

HQ region

Europe

Offices12 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Supply Chain, Personnel, Marketing or Sales, Infrastructure

Revenue model

1. New-build residential property sales: Matexi's primary revenue stream is the sale of newly constructed houses, apartments, and building plots to end-buyers and investors. The company reports 338 million euro in revenue for 2024, having delivered 1,031 units in 2024. Sales are conducted through regional offices with customer advisors guiding the full purchase process.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

Matexi develops, builds, and sells new-build residential properties — houses, apartments, penthouses, and building plots — within integrated neighbourhood developments across Belgium, Luxembourg, and Poland. Sales are conducted at fixed prices through 12 regional offices supported by dedicated customer advisors, with energy-efficient construction (BEN/E-peil ≤30) as a baseline. Complementary offerings include the HappyNest rent-to-buy program (with BNP Paribas Fortis) and the Matexi Invest buy-to-rent platform.

Product overview

Matexi operates as a neighborhood developer and market leader in residential real estate development across Belgium, Luxembourg, and Poland, offering a portfolio of interconnected products and services. The core offering consists of newbuild homes and apartments developed through urban reconversion and densification projects, complemented by the HappyNest rent-to-buy program (a partnership with BNP Paribas Fortis), the Matexi Invest investment platform for buy-to-rent properties, and the Future Neighborhoods pre-launch program. Supporting services include a downloadable Housing Dossier (Woondossier Betaalbaar Wonen), customer portal (My Matexi), and events/viewing day calendar. The company also showcases its expertise through Reference Projects, a portfolio of landmark completed developments including Antwerp Tower, 't Groen Kwartier, and Quartier Bleu. All offerings are anchored in sustainable urban development with a focus on affordability and neighborhood quality.

Differentiator

Problem solved

Functional benefit

Brands

• HappyNest: A rent-to-buy (huur nu, koop later) housing solution offered as a collaboration between Matexi and BNP Paribas Fortis, allowing customers to rent first and purchase after 5 or 6 years.

Products and services

• Newbuild Homes & Apartments Matexi develops and sells newbuild residential properties — houses, apartments, penthouses, and building lots — across integrated neighbourhood developments in Belgium, Luxembourg, and Poland. Properties are sold at fixed prices with no hidden costs and built to BEN/E-peil ≤30 energy-efficiency standards. Pricing ranges from approximately €148,680 (building plots, Gent) to over €654,714 (single-family homes, Hove), with apartments typically €185,000–€350,000 and premium projects like Antwerp Tower and Quartier Bleu commanding higher prices.

Quantifiable outcome

• 48,100 families housed since founding in 1945
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core and minor.

• BNP Paribas FortiscoreStrategic or Co-development PartnerHappyNest is a joint initiative between Matexi and BNP Paribas Fortis, offering a 'rent now, buy later' (huur nu, koop later) formula that allows prospective homebuyers to rent a new-build property for 5 or 6 years before purchasing it at a pre-agreed price. Half of the rent paid over the first 4 years is credited toward the purchase price. BNP Paribas Fortis provides the financing component while Matexi supplies the property stock. This partnership addresses affordability barriers for first-time buyers and is marketed as making sustainable homeownership accessible.
• ReviveminorStrategic or Co-development PartnerMatexi partnered with Revive to develop Pier Kornel in Aalst, transforming the former Tupperware factory site along the Dender river into a new urban neighbourhood with family homes, apartments, assisted living units, gardens, shops, community facilities, and a brasserie.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Immobel: Immobel is a Belgian real estate developer listed on Euronext Brussels, active in residential, office, and mixed-use development across Belgium, Luxembourg, France, and Poland. It is the closest direct competitor to Matexi in Belgian residential neighborhood development, with overlapping urban reconversion expertise.
• Thomas & Piron: Thomas & Piron is one of the largest Belgian residential homebuilders, offering houses and apartments primarily in Wallonia and Brussels. It competes head-to-head with Matexi in the Belgian new-build residential market with similar energy-efficient construction standards.
• BPI Real Estate (now Revive): BPI Real Estate is a major Belgian developer operating under the Revive brand, active in residential and mixed-use projects across Belgium and abroad. It directly overlaps with Matexi in new-build residential development and urban reconversion (notably as a partner on the Pier Kornel project in Aalst).
• Trevi Group: Trevi is a Belgian residential real estate developer with divisions in construction, development, and real estate services. It competes with Matexi in Belgian new-build apartments and houses, particularly in Flanders and Brussels.
• Nexity: Nexity is France's largest integrated real estate developer, with new-build residential, services, and urban regeneration activities. It is a direct peer in residential neighborhood development and serves as a benchmark for Matexi's potential scale and product mix expansion.
• Kaufman & Broad: Kaufman & Broad is a major French residential developer (owned by Brookfield) building single-family homes and apartments across France. It shares Matexi's customer-centric, fixed-price new-build model and comparable buyer demographics.
• BPD (Bouwfonds Immobilien Entwicklung): BPD is one of the largest residential developers in the Netherlands, focused on neighborhood development and new-build housing. It is directly comparable to Matexi in terms of product, customer base, and brownfield/inner-city development expertise in a neighboring Benelux market.

Broad incumbents

• Bouygues Immobilier: Bouygues Immobilier is the real estate development arm of Bouygues Group, operating in residential, commercial, and urban regeneration across France and selected international markets. It is a broader incumbent with comparable new-build residential capabilities and serves as a scaled analog to Matexi's operations.
• Heijmans: Heijmans is a Dutch construction and development company with significant residential property development operations. It competes with Matexi in Benelux new-build residential development, though with a broader construction services portfolio.
• CFE (Compagnie d'Entreprises): CFE is a Belgian construction and real estate development group with residential development through its BPI-affiliated entities. It operates as a broader incumbent in Belgian residential construction, sharing Matexi's market and regulatory environment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks4 records

Key highlights6 records

Customer concentration

• Xx.com/matexi
• YouTubeyoutube.com/user/MatexiGroup
• Facebookfacebook.com/matexi
• LinkedInlinkedin.com/company/matexi
• Instagraminstagram.com/matexi

Revenue estimate

Valuation estimate

Number of profiles

Profiles18 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Matexi