D'Ieteren

What D'Ieteren does

D'Ieteren Group SA/NV is a Belgian publicly-traded holding company founded in 1805 and headquartered in Brussels, listed on the Brussels Stock Exchange as part of the BEL 20 index under ticker DIE. The group operates as a family of six wholly-owned subsidiaries spanning automotive services, retail, and parts distribution: Belron (vehicle glass repair and replacement across ~40 countries with ~30,000 employees, the group's most profitable division), D'Ieteren Automotive (automotive distribution), Moleskine (notebooks and writing instruments brand), PHE / Parts Holding Europe (automotive parts distribution), TVH (industrial and aftermarket parts), and D'Ieteren Immo (real estate). The portfolio is also reported to include LIZY, a circular electric vehicle leasing company in which D'Ieteren has invested.

The group's business model centers on capital allocation and operational support across these differentiated businesses. Belron operates a direct field-service network serving vehicle owners globally, with more than half of sales generated in North America. D'Ieteren Automotive, PHE, and TVH run B2B automotive parts distribution networks, while Moleskine sells premium stationery through owned retail and wholesale channels. Pricing is not publicly disclosed at the holding-company level. FY adjusted consolidated profit before tax, Group share, was €955.6 million, with FY adjusted PBT disclosed alongside an integrated Annual Report 2025 published in April 2026.

Strategically, D'Ieteren is currently pursuing a major capital reconfiguration: Belron is in early-stage IPO discussions at a ~€24 billion valuation, potentially listing in New York or Amsterdam, led by Belron CEO Carlos Brito (formerly CEO of Anheuser-Busch InBev). Group-level leadership rests with CEO Francis Deprez, supported by a Chief Marketing & Digital Officer. PHE raised new financing in April 2026, and the group published an AI Charter in April 2026 formalizing its approach to artificial intelligence governance. Recent M&A history includes the 2021 acquisition of TVH Group and earlier acquisitions (Glass Car Technology, Kronos Porsche Centre, Beerens Groep, and Autobedrijf Y & N Claessens).

Name

D'Ieteren

Legal name

D'Ieteren Group SA/NV

Website

https://dieteren.com

Company type

Public

Founded year

1805

Operating status

Operating

Headcount range

251–500 employees

Short description

D'Ieteren Group is a Belgian BEL 20 holding company operating six subsidiaries — Belron (vehicle glass repair in 40 countries), D'Ieteren Automotive, Moleskine, PHE, TVH, and D'Ieteren Immo — serving both consumer vehicle owners and B2B automotive and industrial parts customers across global markets.

Ownership category

akta.pro rank

Product category

Diversified Holding Company - Automotive Services & Parts

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

akta.pro primary industry

Discretionary Portfolio Management (DPM) (FSAAABAC)

Keywords

• Automotive parts distribution
• Vehicle glass repair
• Automotive distribution services
• Holding company investments
• Premium stationery retail

Headquarters

HQ city

Brussels

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Investment Holding Returns: D'Ieteren Group operates as a holding company, generating returns through its portfolio of businesses including Belron (vehicle glass repair/replacement), D'Ieteren Automotive, Moleskine (retail), PHE (Parts Holding Europe), TVH (parts), and D'Ieteren Immo (real estate). Belron is described as the most profitable division.

Go-to-market motion1 record

Distribution channels4 records

Marketing channels4 records

Core offering

D'Ieteren Group is a Belgian holding company that invests in and operates a portfolio of market-leading businesses across automotive services, parts distribution, and consumer products. Its portfolio includes Belron (vehicle glass repair and replacement across ~40 countries), D'Ieteren Automotive (automotive distribution), Moleskine (notebooks and writing accessories), PHE/Parts Holding Europe and TVH (automotive and industrial parts distribution), and D'Ieteren Immo (real estate).

Product overview

D'Ieteren Group is a Belgian holding company operating as a family of businesses across multiple industries. The portfolio consists of six distinct subsidiaries: Belron (vehicle glass repair and replacement), D'Ieteren Automotive (automotive distribution), Moleskine (notebooks and writing accessories brand), PHE/Parts Holding Europe (automotive parts distribution), TVH (parts business), and D'Ieteren Immo (real estate). The group's investment strategy focuses on businesses with market leadership potential, supporting them in reinventing their respective industries. Belron is the most profitable division, while the group also includes LIZY, a circular electric vehicle leasing company in which it has invested.

Differentiator

Problem solved

Functional benefit

Products and services

• Belron Vehicle glass repair and replacement company operating across approximately 40 countries with around 30,000 employees, generating more than half its sales in North America. It is the most profitable division of D'Ieteren Group, serving consumer vehicle owners globally.
• D'Ieteren Automotive Automotive distribution and services business within the D'Ieteren Group portfolio, operating regional automotive distribution activities in Belgium.
• Moleskine Brand of notebooks, writing instruments, and paper accessories, part of the D'Ieteren Group family of businesses, sold globally through owned retail stores and distributors.
• PHE (Parts Holding Europe) Automotive parts distribution and supply business operating across Europe, providing replacement parts and components to B2B customers including repair shops and dealers.
• TVH (tvh-parts) Parts business within the D'Ieteren Group portfolio, serving industrial and automotive parts needs globally. Acquired by D'Ieteren on 2021-07-12.
• D'Ieteren Immo Real estate business segment of D'Ieteren Group, managing the company's property holdings and development.

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Carlos Brito (Belron CEO)coreOthers · 16 January 2026Carlos Brito, formerly CEO of Anheuser-Busch InBev, serves as CEO of Belron and is leading the vehicle glass repair firm's potential IPO process. The IPO discussions involve listing on New York or Amsterdam stock exchanges.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Others

• Safelite Group: Vehicle glass repair and replacement business operating primarily in the United States; relevant as a wholly-owned Belron subsidiary within D'Ieteren Group rather than an independent peer, but operates in the same end market as the company's flagship asset.
• Cobepa: Belgian private investment company and historic D'Ieteren shareholder/investor; comparable as a Brussels-based investment vehicle aligned with D'Ieteren's ownership ecosystem rather than as a direct operating competitor.

Direct peers

• Exor N.V. European holding company (Agnelli family) controlling operating businesses across automotive, luxury, and insurance; directly comparable to D'Ieteren Group in structure, governance, and long-duration industrial stewardship.
• Investor AB: Swedish-listed holding company managing a portfolio of long-term operating investments including automotive-adjacent businesses; directly comparable to D'Ieteren Group's diversified, capital-allocation-driven model.
• Sofina: Belgian-listed investment holding company with a diversified portfolio of operating businesses and growth-stage investments; directly comparable to D'Ieteren Group as a Brussels-listed family-of-businesses holding.
• Compass Diversified Holdings: US-listed holding company that owns and operates middle-market businesses across consumer and industrial end markets; closely comparable to D'Ieteren's model of acquiring and operating controlling stakes in operating companies.
• Kinnevik AB: Swedish-listed investment company with a diversified portfolio spanning consumer, retail, and digital services; comparable to D'Ieteren Group's family-of-businesses approach and public-market holding structure.

Broad incumbents

• Loews Corporation: US diversified holding company with insurance and operating businesses; comparable to D'Ieteren Group in conglomerate structure and long-duration stewardship, though operating primarily in the United States.
• Berkshire Hathaway: Largest diversified holding company globally with operating subsidiaries across insurance, transportation, and industrial end markets; relevant broad incumbent comparable to D'Ieteren's holding-company model at vastly larger scale.
• Stellantis N.V. Global automaker with significant presence in Belgium and Europe; relevant broad incumbent comparable through D'Ieteren Automotive's distribution activities and through the group's exposure to vehicle volumes across Belron, PHE, and TVH.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

• LinkedInbe.linkedin.com/company/dieterengroup
• Xx.com/dieteren_auto

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries6 records

Funding overview

Funding rounds1 record

Investors1 record

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

M&A5 records

Investments4 records

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

Frequently asked questions about D'Ieteren