Comfort Energy Group

What Comfort Energy Group does

Comfort Energy Group is a Belgian full-service liquid fuel provider headquartered in Hasselt and operating across the BENELUX region through three core business units: Comfort Energy (heating oil/mazout, diesel, and Blue Diesel distribution to residential and business customers), All-in Tank Service (tank inspection, installation, and neutralization), and TVW Fuel Trucks (international sale and fleet management of ADR-certified fuel trucks). The group is the largest mazout supplier in Belgium and the second-largest in Luxembourg, supported by a portfolio volume exceeding 1 billion liters, a fleet of approximately 200 trucks, and a workforce of 350–400 employees. Over the past 20 years, the company has completed 70+ acquisitions, including the Q8Mazout Belgium and Luxembourg acquisition in 2021, the Gabriëls Power strategic partnership in 2022/2023, and a majority stake in Dutch Future Fuels in 2024, which added HVO-based Blue Diesel production and distribution capabilities. The product portfolio is anchored on liquid fuels (mazout, diesel) and extends to sustainable fuels (Blue Diesel, EN590 standardized, ISCC certified), bundled service tiers (Mazout Energy+, Mazout Extra Energy+), and adjacent services in tank and fleet management.

The business model is primarily transactional: Comfort Energy sells liquid fuels at volume through direct delivery to B2B and B2C customers across BENELUX, complemented by professional services revenue from tank inspections and installations (All-in Tank Service) and by international sales of new and second-hand ADR tanker trucks and logistics services (TVW Fuel Trucks). Pricing is not publicly disclosed and customer relationships are managed through direct sales. Revenue concentration is diffuse, spread across a long tail of residential and business customers rather than a few large accounts. The group has no public shareholders, no disclosed private equity backing, and operates as an independent corporate group under the Comfort Energy NV umbrella, with distributed executive management across operating entities (e.g., Stefan Baeten as CEO of Comfort Energy, Tom Lambert as CEO of TVW Fuel Trucks).

Name

Comfort Energy Group

Legal name

Comfort Energy NV

Website

https://comfortenergygroup.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

251–500 employees

Short description

Comfort Energy Group is a Belgian full-service liquid fuel provider and the largest mazout supplier in Belgium and second-largest in Luxembourg, distributing heating oil, diesel, and HVO-based Blue Diesel to residential and business customers across the BENELUX region, with complementary tank and fleet service businesses.

Ownership category

akta.pro rank

Product category

Liquid Fuel Distribution

NAICS

Fuel Dealers (4572)

akta.pro primary industry

Commercial & Fleet Fueling (Cardlock, On-Site Tanks, Bulk Delivery) (EUALAIAD)

Keywords

• Liquid fuel distribution
• Heating oil supply
• Sustainable diesel fuel
• Tank services
• ADR fuel trucking

Headquarters

HQ city

Hasselt

HQ country

Belgium

HQ region

Europe

Offices2 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Liquid Fuels Sales: Sale of heating oil (mazout), diesel, and sustainable Blue Diesel to residential and business customers across Belgium, Netherlands, and Luxembourg.
2. Fleet Sales and Services: Sale and maintenance of ADR fuel trucks through TVW Fuel Trucks subsidiary. International logistics and fleet management services.
3. Tank Services: Tank inspections, neutralizations, and installations through All-in Tank Service subsidiary.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Comfort Energy Group is a Belgian full-service liquid fuel provider distributing heating oil (mazout), conventional diesel, and sustainable Blue Diesel (HVO-blended) to residential and business customers across the BENELUX region. Through its subsidiaries it also delivers tank inspection, neutralization, and installation services, as well as international sales and fleet management of ADR-certified fuel transport trucks.

Product overview

Comfort Energy Group is an independent energy service provider operating three core business units: Comfort Energy (liquid fuels/heating oil distribution), All-in Tank Service (tank inspection, installation, and neutralisation), and TVW Fuel Trucks (ADR tanker truck sales and fleet management). The group has pursued an aggressive acquisition strategy (70+ acquisitions in 20 years) including Q8Mazout and Gabriëls Power, and holds a majority stake in Dutch Future Fuels to distribute Blue Diesel — a sustainable HVO-blended fuel. The product portfolio is structured around fuel supply, tank services, and fleet solutions, with services such as Mazout Energy+ and Mazout Extra Energy+ as bundled offerings within the Comfort Energy unit.

Differentiator

Problem solved

Functional benefit

Brands

• Mazout Energy+: Branded heating oil (mazout) product offering under the Comfort Energy brand.
• Mazout Extra Energy+

Products and services

• Comfort Energy (Liquid Fuels / Heating Oil Delivery) Off-grid liquid fuel supply service delivering heating oil (mazout), conventional diesel, and Blue Diesel to residential and commercial customers in Belgium, the Netherlands, and Luxembourg.
• All-in Tank Service Specialist service offering tank inspections, certifications, neutralizations, cleanings, decommissioning, and new tank installations for heating oil storage tanks at customer sites.
• TVW Fuel Trucks Worldwide purchase and sale of new and second-hand ADR-certified fuel tanker trucks, including advisory, technical assistance, import/export, and fleet management services for fuel distributors and transport companies.
• Blue Diesel (HVO Sustainable Fuel) Sustainable liquid fuel produced by subsidiary Future Fuels, made from HVO (hydrotreated vegetable oil, derived from waste oils such as frying fat) blended with premium diesel. EN590 standardized and ISCC certified; suitable for all diesel engines and heating boilers without modification. Available in blends such as Blue Diesel 50.

Quantifiable outcome

• 111 million kg CO2 saved through HVO sales in 2022
• +2 more outcomes

Named customers2 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

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• Future FuelscoreStrategic or Co-development PartnerComfort Energy Group acquired a majority stake in Dutch company Future Fuels, which specializes in production and distribution of Blue Diesel (HVO-based sustainable fuel). Future Fuels is ISCC certified and their Blue Diesel meets EN590 European sustainability standards. This partnership enables Comfort Energy to meet growing demand for sustainable liquid fuels and accelerate the sustainability transition across Europe.
• Gabriëls PowercoreStrategic or Co-development PartnerStrategic partnership where Comfort Energy took over the mazout (heating oil) division of Gabriëls Power while Gabriëls Power acquired certain tank stations from Comfort Energy. This exchange strengthened Comfort Energy's position as largest mazout supplier in Belgium and Luxembourg while allowing both companies to focus on their respective strengths.
• LAG TrailerscoreTechnology or IntegrationTVW Fuel Trucks (subsidiary of Comfort Energy Group) has maintained a 20-year partnership with LAG Trailers for the purchase of ADR fuel trucks. The partnership includes over 200 delivered vehicles with combined capacity of approximately 4,000,000 liters. Latest order includes 22 new LAG fuel trailers (20 buildups and 2 trailers) with uniform, bolt-together design for easier maintenance.

Scale indicators7 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• DCC Energy: Energy products division of DCC plc, marketing and distributing LPG, heating oil, and renewable fuels across Europe. Similar downstream fuel distribution plus sustainability positioning, albeit operating across more geographies.
• Neste: Finnish refiner and world's largest producer of renewable diesel (HVO/My Renewable Diesel), directly comparable to Comfort Energy's Blue Diesel offering and Future Fuels subsidiary. Both target drop-in decarbonisation of diesel and heating fuel pools in Europe.
• Greenergy: UK-based fuel supplier with a strong position in biofuels and HVO-blended road fuels. Comparable to Comfort Energy on the downstream-and-sustainable-fuels combination, although geographically focused on the UK.
• Rubis: French energy group active in LPG, bulk liquid fuels, and bitumen distribution across Europe, the Caribbean, and Africa. Rubis's European bulk fuel and LPG division competes directly with Comfort Energy's heating oil and bulk delivery model.
• Mabanaft: Hamburg-based midstream and downstream fuel distributor (heating oil, diesel, biofuels) across Northern and Western Europe. Closely comparable fuel-distribution model and customer segments to Comfort Energy Group.
• Flogas Europe: European LPG and bulk liquid fuel distributor serving residential, commercial, and industrial customers across the UK, Ireland, and continental Europe. Comparable business model of bulk fuel delivery plus tank and appliance services.
• Primagaz: French/BENELUX supplier of LPG and heating fuels to residential and commercial customers via bulk delivery and on-site tanks. Closely mirrors Comfort Energy's distribution-led model in the same geography and customer base.

Broad incumbents

• Kuwait Petroleum International (Q8): International downstream arm of Kuwait Petroleum, operating branded fuel retail and commercial fuel sales across Europe. Directly comparable as the former owner of Q8Mazout Belgium/Luxembourg, which Comfort Energy acquired in 2021.
• Shell: Global integrated energy company with significant downstream fuel and lubricant operations in BENELUX, including commercial and fleet fuel supply. Competitor to Comfort Energy in B2B liquid fuels but at much greater scale and product breadth.
• TotalEnergies: Global integrated oil major with extensive fuel retail, B2B fuels, and biofuel/refined product offerings across BENELUX. Larger, broader portfolio than Comfort Energy but directly overlapping on diesel and heating fuel customers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/comfortenergygroup
• LinkedInlinkedin.com/company/about

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

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

M&A1 record

Investments

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

Frequently asked questions about Comfort Energy Group