Hurks

What Hurks does

Hurks is a Dutch construction and real estate development company founded in 1916 in Eindhoven, operating primarily along the A2 corridor between Amsterdam and Maastricht. Following its acquisition by Ballast Nedam in late 2024 and the full integration of Ballast Nedam's regional Dutch activities into Hurks in May 2025, the company functions as a regional construction column within the larger Ballast Nedam group while retaining the Hurks brand and identity. The business operates through three divisions: Vastgoedontwikkeling (real estate development), Bouw (construction), and Onderhoud & Renovatie (maintenance and renovation), serving housing corporations, municipalities, healthcare and educational institutions, corporate clients, and retail chains. The company holds certifications including BREEAM-Excellent, WELL-Platinum, CO2 Prestatieladder level 3, FSC, and PEFC, and is committed to climate-neutral operations by 2035.

The company differentiates through a portfolio of proprietary modular housing concepts: WoonST 2.0 (a multi-stakeholder social-housing consortium with 13 housing corporations and 9 municipalities targeting 750 single-family homes and 1,750 apartments by 2030), Da Vinci Huis (ground-level modular housing), Leonardo (modular apartments), Da Vinci Green (biobased and circular housing with CO2/MKI/TCO tracking via the Groen Bouwen App), and CASA (affordable rental housing). Industrial prefabrication is combined with design flexibility to enable faster, standardized but customizable delivery. Go-to-market relies on public tenders, framework agreements, and direct relationship-based selling rather than intermediaries, with notable enterprise clients including ASML (De Run 1000 campus), Elisabeth-TweeSteden Ziekenhuis, Fontys, McDonald's, and ING. Revenue mechanics combine one-time project contracts (development and construction) with recurring maintenance and renovation services, all priced per-project through tenders or negotiated framework agreements.

Name

Hurks

Legal name

Hurks B.V.

Website

https://hurks.nl

Company type

Private

Founded year

1916

Operating status

Operating

Headcount range

101–250 employees

Short description

Hurks is a Dutch construction and real estate development firm founded in 1916 in Eindhoven, now operating as the regional construction column of Ballast Nedam. It delivers residential, healthcare, educational, and commercial projects along the A2 corridor via proprietary modular housing concepts and framework agreements with housing corporations and municipalities.

Ownership category

akta.pro rank

Product category

Construction Services

NAICS

New Housing For-Sale Builders (236117), New Multifamily Housing Construction (except For-Sale Builders) (236116), Residential Remodelers (236118)

SIC

Operative Builders (1531), Real Estate Dealers (For Their Own Account) (6532)

akta.pro primary industry

Residential Affordable Housing Development & Construction (IMAFABAI)

akta.pro secondary industry

Residential Design-Build & Renovation-Integrated Builders (IMAFABAE)

Keywords

• Residential construction
• Modular housing systems
• Real estate development
• Sustainable construction
• Building renovation

Headquarters

HQ city

Eindhoven

HQ country

Netherlands

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Vastgoedontwikkeling (Real Estate Development): Hurks develops residential and commercial properties for sale or rental, including housing corporations, private buyers, and institutional investors. Revenue generated through property sales, development fees, and long-term value creation.
2. Bouw (Construction): Construction services for new builds including residential (single-family homes, apartments), commercial, healthcare, and infrastructure projects. Revenue based on project contracts with fixed pricing or cost-plus arrangements.
3. Onderhoud & Renovatie (Maintenance & Renovation): Ongoing maintenance, renovation, and retail fit-out services for existing buildings. Includes planned maintenance, transformations, and rapid retail projects for clients like McDonald's and ING.
4. WoonST 2.0 Program: Conceptual housing partnership with housing corporations delivering standardized but customizable social housing at scale. Revenue generated through long-term framework agreements for housing delivery.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

Hurks is a Dutch construction and real estate development company that develops, builds, renovates, and maintains residential and utility buildings along the A2 corridor in the Netherlands. The company operates through three divisions (Real Estate Development, Construction, and Maintenance & Renovation) and delivers projects via proprietary modular housing concepts (Da Vinci Huis, Leonardo, Da Vinci Green, CASA, WoonST 2.0) for housing corporations, municipalities, corporate clients, and retail chains.

Product overview

Hurks is a Dutch construction and real estate development company founded in 1916 in Eindhoven, operating along the A2 corridor from Amsterdam to Maastricht. The company operates through three main divisions: Vastgoedontwikkeling (Real Estate Development), Bouw (Construction), and Onderhoud & Renovatie (Maintenance & Renovation). Its portfolio includes residential housing (single-family homes, apartments) and utility construction (offices, healthcare facilities, retail). The company differentiates through proprietary housing concepts including WoonST 2.0 (collaborative affordable housing initiative), Da Vinci Huis (modular ground-based housing), Da Vinci Green (sustainable/climate-positive housing), Leonardo (modular apartments), and CASA (affordable housing alternative). These concepts are supported by a digital tool called the Groen Bouwen App for sustainability tracking.

Differentiator

Problem solved

Functional benefit

Brands

• Hurks Vastgoedontwikkeling: Real estate development division of Hurks
• Hurks Bouw
• Hurks Onderhoud & Renovatie
• WoonST 2.0
• Da Vinci Green
• Da Vinci Huis
• Leonardo
• CASA

Products and services

• WoonST 2.0 A collaborative housing initiative between 13 housing corporations, 9 municipalities, and 2 conceptual builders to rapidly deliver affordable and sustainable social rental homes at scale along the A2 corridor in the Netherlands.
• Da Vinci Huis An innovative modular housing concept providing an efficient method for ground-based housing development using prefabricated elements, offering 9 base house models with customization flexibility within standardized building blocks.
• Da Vinci Green A flexible housing concept focused on climate-positive building using biobased, recycled, and reusable materials from a building blocks library, enabling customization while providing insight into CO2 storage, emissions, circularity indices, and costs.
• Leonardo An efficient modular apartment building concept using prefabricated elements and standardized installation solutions, allowing customization of setup, finishing, style, and sustainability within a standardized framework for quick delivery of high-quality affordable apartments.
• CASA Comfortable, Affordable, Sustainable Alternative housing concept providing affordable and sustainable housing options specifically for social rental housing.
• Vastgoedontwikkeling (Real Estate Development) Real estate development services combining market knowledge with creative vision, serving as a reliable partner and director for property development projects including residential and commercial properties for housing corporations, private buyers, and institutional investors.
• Bouw (Construction) Construction services for residential (single-family homes, apartments) and utility projects (offices, healthcare facilities, education, retail) throughout the Netherlands along the A2 corridor, leveraging over 100 years of building experience with fixed pricing or cost-plus contract arrangements.
• Onderhoud & Renovatie (Maintenance & Renovation) Ongoing maintenance, renovation, and retail fit-out services for existing buildings including planned maintenance, transformations, and rapid retail projects for clients such as McDonald's, Lidl, and ING bank branches.
• Groen Bouwen App Digital application allowing users to configure housing using a building blocks library with options for biobased, recycled, and reusable materials, providing insights into CO2 storage, emissions, total cost of ownership (TCO), environmental cost indicator (MKI), and product circularity index.

Quantifiable outcome

• WoonST 2.0 goal: 750 eengezinswoningen en 1.750 gestapelde woningen by 2030
• +3 more outcomes

Named customers8 records

Segments6 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Ten partnerships are on record, tiered core, major and supporting.

• WoonST 2.0 ConsortiumcoreStrategic or Co-development Partner · 1 January 2024Unique collaboration between 13 housing corporations, 9 municipalities, and 2 conceptual builders (Hurks and BAM Wonen) to accelerate affordable and sustainable social housing delivery. Aims to deliver 750 single-family homes and 1,750 apartments by 2030 along the A2 corridor.
• BAM WonencoreStrategic or Co-development PartnerJoint partners in WoonST 2.0 program where BAM handles stacked apartments while Hurks delivers ground-level homes.
• BPD | Bouwfonds GebiedsontwikkelingmajorStrategic or Co-development PartnerOngoing development partnerships on projects including Galvanitas (Oosterhout), Gildekwartier (Eindhoven), and Molenerve (Nuenen).
• ULC InstallatietechniekmajorImplementation/ SI/ Consulting PartnerJoint execution consortium for ETZ Elisabeth hospital project, combining Hurks construction expertise with ULC installation technology.
• Building BalancesupportingStrategic or Co-development PartnerCollaboration on sustainable building and biobased materials research. Partners on WoonST 2.0 and knowledge sessions during Dutch Design Week.
• Cirkelstad EindhovensupportingStrategic or Co-development PartnerHurks signed the 'Eindhovense Regionale Circulaire Bouwstrategie' covenant, committing to circular economy principles and 'Het Nieuwe Normaal' standards.
• De Loods ArchitectensupportingStrategic or Co-development PartnerArchitecture partner on multiple projects including Boterbochten III, Vinkenhofjes, and De Croon II. Collaborates on WoonST type PMC2 designs.
• Woonstichting WSZmajorChannel Partner/ Reseller/ DistributorHousing corporation customer commissioning 22 homes at Boterbochten III project through WoonST 2.0 partnership.
• Croonwolter&drossupportingImplementation/ SI/ Consulting PartnerMEP (mechanical and electrical) installation partner on ASML De Run 1000 project.
• MansveldsupportingImplementation/ SI/ Consulting PartnerElectrical installation partner on ASML De Run 1000 project.

Scale indicators5 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Dura Vermeer: Dutch construction and real estate developer with strong residential, utility, and infrastructure exposure. Directly comparable due to similar mix of in-house development, design-build, and renovation services for housing corporations and institutional clients in the Netherlands.
• BAM Wonen: Royal BAM's residential division and the other conceptual builder inside the WoonST 2.0 consortium; focuses on Dutch stacked (apartment) residential delivery for housing corporations. Directly comparable because it operates the same framework model, same customer base, and the same A2-corridor geography for social housing.
• BPD | Bouwfonds Gebiedsontwikkeling: Dutch residential area developer and active partner on Hurks projects (Galvanitas, Gildekwartier, Molenerve). Directly comparable in target customer (housing corporations, municipalities) and in jointly producing new housing developments across the Netherlands.
• Blauwhoed: Dutch real estate developer focused on residential and mixed-use inner-city developments, often in partnership with housing corporations and municipalities. Directly comparable in Dutch residential development focus and target customers.
• Van Wijnen: Dutch residential developer and builder focused on social and affordable housing, area development, and renovation. Directly comparable because it serves the same housing corporations and municipalities and competes for similar WoonST-style framework agreements.
• Trebbe: Mid-sized Dutch construction and development firm with a residential-led portfolio and regional offices. Directly comparable in scale, customer mix (housing corporations and municipalities), and integrated development-plus-construction model.
• Vorm Bouw: Mid-sized Dutch residential and inner-city developer active in affordable housing and transformation projects. Directly comparable due to focus on Dutch housing corporations and similar mixed development-plus-construction service offering.

Broad incumbents

• Heijmans: Large Dutch listed construction and real estate developer with national reach across residential, utility, and infrastructure. Broadly comparable as a same-geography incumbent with overlapping capabilities but a much wider portfolio including roads and large PPPs.
• VolkerWessels: One of the largest Dutch construction groups with divisions across residential, commercial, infrastructure, and energy. Broadly comparable because it competes for the same Dutch housing-corporation and municipal tenders but at significantly greater scale and breadth.
• Ballast Nedam: Listed Dutch construction and infrastructure firm that acquired Hurks in 2024. Comparable as Hurks' parent and as a broader incumbent whose regional Dutch activities were integrated into Hurks; overlaps in residential and utility construction.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/hurksNL

Compliance6 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries2 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 Hurks