Value Square

What Value Square does

Value Square NV is an independent Belgian asset management and investment advisory firm headquartered in Gent (Sint-Denijs-Westrem), founded in 2007 and licensed by the FSMA. The firm operates a value-investing boutique model, managing six Value Square Fund compartments — Equity Selection (SFDR Article 8 with ESG integration), Equity Belgium, American Small & Mid Caps, European Small Caps PE Factor, Holdings, and Bonds — alongside DBI Bevek tax-efficient fund vehicles that qualify for the Belgian RDT (Revenus Définitivement Taxés) regime. A distinguishing alignment mechanism is that team experts personally invest in the firm's own funds.

The business is supported by a proprietary digital client portal called "The Square," delivered as a web application and native iOS/Android apps, providing portfolio viewing, transaction history, fund look-through to underlying securities, consolidated multi-portfolio reporting, and custom date-range reports. A proprietary ESG scoring system evaluates companies across 60 parameters (5 environmental, 10 social, 29 governance) using Bloomberg and Eikon data combined with internal research, with a "best-in-class" methodology requiring securities to rank in at least the 70th percentile within their geographic universe. Value Square is CO2-neutral certified (PAS2060) since 2017 in partnership with CO2logic and Vinçotte.

Value Square generates revenue through recurring management fees on assets under management across its UCITS fund family and DBI Bevek structures; specific fee schedules are disclosed in fund-level PRIIPS KIDs. The go-to-market is sales-led, combining dedicated personal account managers for affluent individuals and Belgian corporate clients, supplemented by content marketing (weekly newsletter, blog, podcast appearances), investor events (quarterly calls, annual general assembly, the Value Creation Awards), and self-serve tools (investment simulator, The Square portal). KBC Securities acts as custodian bank for fund distribution, and the firm maintains relationships with Belgian financial intermediaries.

Name

Value Square

Legal name

Value Square NV

Website

https://value-square.be

Company type

Private

Founded year

2007

Operating status

Operating

Headcount range

11–50 employees

Short description

Value Square NV is an FSMA-licensed Belgian asset management boutique founded in 2007, managing a family of value-investing UCITS funds and DBI/RDT tax-efficient vehicles for affluent individuals and Belgian corporates, supported by its proprietary "The Square" digital client portal.

Ownership category

akta.pro rank

Product category

Asset Management

NAICS

Portfolio Management and Investment Advice (523940), Open-End Investment Funds (52591)

SIC

Investment Advice (6282)

akta.pro primary industry

Multi-Asset Mutual Funds & UCITS (Balanced/Allocation Funds) (FSAAAJAA)

akta.pro secondary industries

Affluent / Mass-Affluent Private Banking (FSABADAC), Fund Depositary (UCITS/AIFMD & Trustee Oversight) (FSAAAOAC)

Keywords

• Value investing
• Asset management
• Wealth management
• Fund management
• Investment advisory

Headquarters

HQ city

Gent

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Fund Management Fees: Value Square generates revenue through management fees charged on the Value Square Fund UCITS funds. The funds include American Small & Mid Caps, European Small Caps PE Factor, Bonds, Holdings, Equity Selection, and Equity Belgium. Management fees are calculated as a percentage of assets under management.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

Value Square is an FSMA-licensed Belgian asset manager that sells and manages a family of UCITS investment funds (Equity Selection, Equity Belgium, American Small & Mid Caps, European Small Caps PE Factor, Holdings, and Bonds) and DBI/RDT tax-efficient Bevek funds built on value investing principles. Clients access their portfolios and reporting through a proprietary web and mobile client portal called The Square, supported by personal relationship managers and a CFA-led investment team that co-invests in its own funds.

Product overview

Value Square is an independent asset management and investment advisory firm licensed by the Belgian FSMA, offering a family of seven Value Square Fund investment compartments alongside proprietary digital client tools. The core product is The Square, a digital client portal (web and mobile app) for real-time portfolio monitoring and reporting. The investment offering centers on the Value Square Fund family comprising Equity Selection (Art. 8 SFDR with ESG features), Equity Belgium, American Small & Mid Caps, European Small Caps PE Factor, Holdings (DBI-RDT qualifying), and Bonds funds—all following value investing principles. Supplementary tools include an Investment Simulator and Newsletter service. The DBI Bevek funds provide tax-efficient investment vehicles for corporate investors seeking RDT tax benefits.

Differentiator

Problem solved

Functional benefit

Products and services

• Value Square Fund - Equity Selection Art. 8 SFDR value equity fund promoting environmental and social characteristics. Invests in fundamentally undervalued equities with significant upside potential and sustainable dividend yield, applying ESG integration, negative exclusion, and active shareholding. Targeted at investors seeking value investing with ESG alignment.
• Value Square Fund - Equity Belgium Art. 6 SFDR equity fund focused on Belgian listed companies. Follows value investing principles with emphasis on quality balance sheets and sustainable capital allocation. Targeted at investors seeking concentrated domestic Belgian equity exposure.
• Value Square Fund - American Small & Mid Caps Art. 6 SFDR equity fund investing in fundamentally undervalued small and mid-cap companies listed in North America. Distributed across multiple share classes (CAP capitalisation and DIS distribution). Targeted at investors seeking value exposure to US small and mid-cap equities.
• Value Square Fund - European Small Caps PE Factor Art. 6 SFDR equity fund focusing on European small-cap companies with an emphasis on the profitability (PE) factor in stock selection. Targeted at investors seeking factor-tilted European small-cap value exposure.
• Value Square Fund - Holdings Art. 6 SFDR fund investing in holding companies and business holdings, qualifying for the DBI-RDT tax regime in Belgium. Targeted at Belgian corporate investors seeking tax-efficient exposure to holding structures.
• Value Square Fund - Bonds Art. 6 SFDR fixed income fund investing in bonds, providing diversification and stable income within the Value Square Fund family. Targeted at investors seeking lower-volatility fixed income exposure to complement the equity funds.
• DBI Bevek Investment Funds Tax-efficient investment funds structured as Belgian investment companies (Bevek) benefiting from the RDT (Revenus Définitivement Taxés / Definitively Taxed Income) regime. Allow up to 100% tax deduction on dividends and capital gains for corporate investors under Belgian law. Targeted at Belgian small and large companies seeking tax-efficient treasury diversification.
• The Square Client Portal Proprietary digital client portal delivered as web application and mobile apps (iOS and Android), enabling Value Square clients to view portfolio status, transaction history, underlying fund securities (fund look-through), portfolio analysis by return and risk profile, action overview, custom date-based report generation, and consolidated reporting across multiple portfolios. Targeted at Value Square fund investors and their relationship managers.

Quantifiable outcome

• 100% of Value Square Fund Equity Selection promotes environmental and social characteristics (Art. 8 SFDR)
• +2 more outcomes

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• KBC SecuritiescoreOthersKBC Securities serves as the custodian bank for Value Square Fund assets, handling the safekeeping of client investments and processing securities transactions.
• CO2logic (South Pole Company)minorStrategic or Co-development PartnerClimate consultant partnership since 2017 for CO2 neutrality. CO2logic assists in measuring and offsetting carbon emissions through certified climate projects including the 'Saving Trees in Uganda' initiative.
• VinçotteminorOthersIndependent international certification body that assesses and validates Value Square's CO2 neutrality and 'CO2 Neutral' label in accordance with PAS2060 standard.
• BloombergcoreTechnology or IntegrationData provider for ESG scoring and investment analysis. Bloomberg provides market data and sustainability indicators used in Value Square's proprietary ESG evaluation system.
• Eikon (Refinitiv)coreTechnology or IntegrationData provider for ESG scoring and investment analysis. Eikon supplies market data and sustainability indicators complementing Bloomberg in Value Square's proprietary evaluation system.
• Vandelanotte NVminorImplementation/ SI/ Consulting PartnerInternal audit partner serving as third-line control in Value Square's Three Lines Model due diligence framework for ESG compliance monitoring.
• United Nations Principles for Responsible Investment (UN PRI)minorStrategic or Co-development PartnerValue Square Fund Equity Selection's engagement strategy is derived from UN PRI principles. The fund follows UN guidelines for responsible investment including voting at shareholder meetings and active engagement with company management on ESG issues.
• ABS BouwteamminorOthersReal estate developer that constructed Absolut Plaza, the sustainable office building where Value Square's headquarters are located since October 31, 2018.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Artisan Partners: US-listed active asset manager with multiple value and global equity teams operating in a boutique-style multi-affiliate structure. Comparable in active, conviction-led equity strategies but with much broader global distribution.
• Lazard Asset Management: Global active asset manager with strong European, global, and emerging-markets value-oriented equity strategies. Comparable in active value style and global fund range, though materially larger and more diversified.
• Allianz Global Investors Benelux: Large global asset manager with significant Benelux distribution of active equity and multi-asset UCITS funds. Comparable in product range and Belgian market presence, though not a pure value boutique.

Regional players

• Argenta Asset Management: Belgian retail and affluent-facing asset manager with multi-fund UCITS offerings. Comparable in target customer profile and Belgian distribution model, though broader and more mass-market in positioning.

Direct peers

• Tweedy, Browne: Long-standing value-investing boutique following Benjamin Graham principles with global and international equity funds. Highly comparable in philosophy, longevity, and boutique active management style.
• Pzena Investment Management: Global pure-value equity boutique with a classic, deep-value philosophy similar to Value Square's approach. Comparable in disciplined valuation-driven process and concentrated fund-of-stocks construction.
• Degroof Petercam Asset Management: Belgian private banking and asset management group with a boutique-style active investment approach, multi-fund offering, and strong Belgian corporate and HNW client base. Closely comparable in service model and target segments.
• KBC Asset Management: Belgian-domiciled active asset manager serving affluent individuals and corporate clients with a multi-fund family, including DBI-eligible vehicles. KBC Securities is also Value Square's custodian bank, making it the closest structural and geographic peer.
• Trigon Capital: Belgian boutique value-investing manager with a focused, high-conviction active strategy and small team—structurally and philosophically the closest pure-play peer to Value Square's value-investing boutique model.
• Candriam: Large Belgian asset manager (formerly Dexia AM) with a strong sustainability/ESG focus, multi-asset UCITS range, and Belgian institutional and retail distribution. Highly comparable on product structure, regulatory positioning, and Belgian market focus.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles23 records

Subsidiaries1 record

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 Value Square