Koramic Investments

What Koramic Investments does

Koramic Investments NV is a privately held Belgian family office headquartered in Kortrijk, Belgium, with operating roots traceable to 1883. The firm manages a diversified portfolio of participations and investments across real estate, private equity, and capital markets, organized around four pillars: strategic participations (controlling majority stakes in operating companies), Koramic Real Estate (offices and residential development plus sale-and-leaseback in Belgium, Poland, Germany, and Romania), TrustCapital (minority private-equity investments via funds and direct growth deals), and Koramic Finance Company (long-only listed-equity portfolio). The Dumolin family controls the firm; Christian Dumolin serves as Chairman and Co-CEO alongside Olaf Sterkenburg, with professional management and an Executive Committee governing day-to-day operations following the 2024 transition from industrial holding to family office structure.

The portfolio spans ten industry clusters — construction chemicals (Cermix, Korachem, Alchatek), customer experience solutions (RingRing, Wengage), copper and aluminium alloys (Lamifil), plastics thermoforming and insulation (Vitalo, Insulo, Starplast), visual communications (Wollux, Hecht, Creaset, KVC, House-of-flags), roofing-materials distribution (Zinkunie, Hauster), zinc production (Nedzink), electronic manufacturing services (Assemblics), marketing and communications (The Crew), and floor/wall tiles (Petracers, Pecchiolifirenze). Strategic participations collectively employ more than 5,000 people across approximately 20 countries and generate annual turnover exceeding €700 million; Koramic Real Estate holds a portfolio of more than 40 buildings primarily in Belgium. The firm also maintains the Koramic Art Foundation, managing a contemporary-art collection housed at group headquarters and lent to museums.

Revenue mechanics are unconventional for a single-company analysis: as a family office, Koramic Investments does not sell products or services to end customers. Returns are generated through majority equity ownership of operating subsidiaries (dividends, value appreciation, M&A support), rental income and capital gains from the real estate book, minority PE exits via TrustCapital, and capital-markets returns from the listed-equity portfolio. Portfolio companies operate independently with their own management teams and pricing, while benefiting from Koramic's central shared services in Finance, Legal, ESG, HR, communications, and M&A. The firm holds no external institutional private-equity or venture-capital backing.

Name

Koramic Investments

Legal name

Koramic Investments NV

Website

https://koramic.be

Company type

Private

Founded year

1883

Operating status

Operating

Headcount range

51–100 employees

Short description

Koramic Investments is a Belgian family office (founded 1883, Dumolin family-controlled) managing a diversified portfolio of strategic participations, real estate, private equity via TrustCapital, and capital-markets investments across approximately 20 countries.

Ownership category

akta.pro rank

Product category

Family Office Investment Management

NAICS

Portfolio Management and Investment Advice (523940), All Other Financial Investment Activities (52399), Portfolio Management and Investment Advice (52394), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282), Investors, Nec (6799), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Family Office Investment Platforms & Direct Investing (PE/VC/Co-Invest) (FSAAADAH)

akta.pro secondary industries

Portfolio Management–Led RIAs (Discretionary/Model-Based) (FSAAACAC), Real Estate Capital Markets Advisory (Debt/Equity Placement, Refinancing) (BPAJANAE), ESG/Sustainable Investment Advisory (FSAEAAAJ)

Keywords

• Family office services
• Strategic participations
• Private equity investments
• Real estate investment
• Capital markets investments

Headquarters

HQ city

Kortrijk

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Revenue model

1. Strategic Participations: Majority stakes in companies across various sectors including building materials, construction chemicals, copper/aluminum alloys, plastics, visual communications, electronic manufacturing services, marketing and communications. These operate as independent companies with their own management teams.
2. Private Equity (TrustCapital): Minority stakes in non-listed companies with medium-term exit strategies via private equity funds, and investments in promising young growth companies with board representation.
3. Real Estate (Koramic Real Estate): Investment and development of offices and residential real estate in Belgium, Poland, Germany, and Romania. Long-term rental of industrial and commercial properties with sale & leaseback solutions. Over 40 buildings in portfolio.
4. Capital Markets (Koramic Finance Company): Portfolio of investments in listed companies managed with a long-term vision and fundamental approach. No restrictions on market capitalization, liquidity, sector, or geographic areas.

Go-to-market motion3 records

Distribution channels1 record

Marketing channels3 records

Core offering

Koramic Investments is a Belgian family office that, from a long-term strategy, manages a diversified portfolio of participations and investments across diverse sectors that are geographically spread and where no single activity dominates. The company holds majority strategic participations in companies across sectors including building materials, construction chemicals, copper/aluminium alloys, plastics, visual communications, electronic manufacturing, and marketing/communications. It also operates Koramic Real Estate (offices and residential real estate), TrustCapital (private equity), and Koramic Finance Company (capital markets investments in listed companies).

Product overview

Koramic Investments is a Belgian family office that manages a diversified portfolio of strategic participations and investments across multiple sectors. The company operates through several investment subsidiaries: Koramic Real Estate (real estate investment and development), TrustCapital (private equity), Koramic Finance Company (capital markets investments), and Koramic Art Foundation (art collection management). The core portfolio consists of strategic participations in 10 industry clusters: chemicals for construction, customer experience solutions, copper/aluminium alloy, plastics thermoforming and insulation, visual communications, roofing materials distribution, zinc production, electronic manufacturing services, marketing/communications, and floor/wall tiles. These portfolio companies operate across approximately 20 countries, employing over 5,000 people and generating annual revenues exceeding 700 million euros.

Differentiator

Problem solved

Functional benefit

Brands

• Koramic Real Estate: Real estate investment and development firm focusing on offices and residential property, with operations in Belgium, Poland, Germany, and Romania.
• TrustCapital
• Koramic Finance Company
• Koramic Art Foundation

Products and services

• Koramic Real Estate Real estate investment and development service focusing on offices and residential properties, operating in Belgium, Poland, Germany, and Romania. Builds and manages a portfolio of more than 40 industrial and commercial buildings for long-term rental and offers sale & leaseback solutions.
• TrustCapital Private equity investment service that takes minority stakes in non-listed companies through private equity funds with medium-term exit strategies, and invests in promising young growth companies with board representation.
• Koramic Finance Company Capital markets investment service managing a portfolio of investments in listed companies, investing with a long-term vision and fundamental approach without restrictions on market capitalization, liquidity, sector, or geography.
• Koramic Art Foundation Art foundation managing Koramic's contemporary art collection, combining entrepreneurship with a passion for art and providing connections to artists, galleries, and collectors.
• Chemicals for the Construction Industry Strategic participation sector encompassing portfolio companies producing chemicals for the construction industry, serving construction and building materials markets.
• Customer Experience Solutions Strategic participation sector with companies providing customer experience solutions including SMS communication (RingRing) and customer engagement platforms (Wengage).
• Copper and Aluminium Alloy Strategic participation sector featuring Lamifil, a company specializing in copper and aluminium alloy products for industrial applications.
• Plastics Thermoforming and Insulation Strategic participation sector featuring companies (Vitalo, Insulo, Starplast) specializing in plastics thermoforming and insulation products.
• Visual Communications Strategic participation sector with the BeViZion cluster (Wollux, Hecht, Creaset, KVC-print, KVC-retail, House of Flags) focused on visual communication solutions.
• Distribution of Roofing Materials Strategic participation sector featuring companies (Zinkunie, Hauster) distributing roofing materials to construction and building markets.
• Zinc Production for Construction

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• TrustCapitalcoreOthersTrustCapital is the investment company of Koramic that takes minority stakes in non-listed companies with medium-term exit strategies. It takes participations through private equity funds and also invests in promising young growth companies, taking board mandates to support management.
• Koramic Real EstatecoreOthersLeading investor and developer focused on offices and residential real estate. Headquartered in Belgium with operations in Poland, Germany, and Romania. Builds and manages industrial and commercial real estate portfolio for long-term rental, offers sale & leaseback solutions, and develops residential projects.
• Koramic Finance CompanycoreOthersInvestment company managing a portfolio of investments in listed companies. Invests with a long-term vision and fundamental approach, without restrictions on market capitalization, liquidity, sector, or geographic areas.
• Koramic Art FoundationminorOthersManages Koramic's art collection of contemporary art, largely housed at the group's headquarters. Works are regularly lent to museums domestically and internationally, providing opportunities for management to connect with artists, galleries, and collectors.

Scale indicators4 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Sofina: Belgian listed investment holding company with a diversified portfolio of growth and strategic participations across consumer, digital, and sustainable sectors. Highly comparable to Koramic as a Belgian family-anchored multi-asset investor with active ownership style.
• Groupe Bruxelles Lambert (GBL): Belgian holding company focused on long-term investments in listed and private companies, with industrial and services exposure. Closely mirrors Koramic's strategic-participations + capital markets mix and European family-controlled governance.
• Ackermans & van Haaren: Belgian diversified family group combining a holding company with operating businesses in construction, real estate, and private equity. Comparable to Koramic for its Belgian family-ownership, multi-platform structure, and construction/real estate exposure.
• Gimv: Belgian investment company providing growth capital, venture capital, and buyout financing to mid-market companies. Direct comparison for Koramic's TrustCapital PE arm and for its Belgian mid-market industrial focus.
• Wendel: French family-controlled industrial holding with long-duration capital and majority stakes in diversified European industrials. Comparable to Koramic in family-office governance, long-term horizon, and European industrial portfolio construction.
• HAL Holding: Dutch family-controlled investment company with a globally diversified portfolio of listed and unlisted interests. Comparable to Koramic for family ownership, perpetual capital, and multi-asset allocation across geographies.

Broad incumbents

• Exor: Italian/Agnelli-family holding with controlling stakes in Ferrari, Stellantis, and other large European industrials. Comparable in structure (family-controlled, long-term, multi-sector) but operates at materially larger scale than Koramic.
• Investor AB: Wallenberg-family controlled Swedish holding company with listed and unlisted industrial holdings. Comparable to Koramic for perpetual family capital, diversified industrial exposure, and Nordic/European operating footprint.
• Indutrade: Swedish acquisition-driven industrial group owning a large number of small-to-mid-sized niche industrial subsidiaries. Comparable to Koramic's strategic-participations model of holding many sub-scale industrial subsidiaries across Europe.

Emerging players

• Federated Investors / Investment AB Latour: Swedish family-controlled industrial holding focused on a portfolio of niche industrial and real estate subsidiaries. Comparable to Koramic for decentralized portfolio of small industrial subsidiaries and long-term family ownership.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/Koramic-100069217507799
• LinkedInlinkedin.com/company/koramic-investment-group-nv

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries28 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Koramic Investments