CFE Group
- Company typePublic
- Founded1880
- HeadquartersBrussels, Belgium
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What CFE Group does
CFE Group (Compagnie d'Entreprises CFE SA/NV) is a Brussels-headquartered, publicly listed Belgian integrated multidisciplinary construction and real estate group operating four segments: Real Estate Development (BPI Real Estate, covering Belgium, Luxembourg and Poland with sustainable, mixed-use, residential and office projects such as Kennedy Park with BGL BNP Paribas); Multitechnics (VMA, providing intelligent technological solutions for building energy efficiency and industrial automation/robotisation aligned with industrialisation 4.0, and Mobix, covering railway catenary, signalling, construction and public lighting utilities); Construction & Renovation (Arthur Vandendorpe, BPC Group, CFE Polska, CLE, Laminated Timber Solutions, MBG, Van Laere, Benelmat, and the Wood Shapers timber-frame JV); and Investments (joint holdings with Ackermans & van Haaren in Deep C Holding for Vietnam port/industrial greenfield, GreenStor battery parks up to 100 MW, and Green Offshore Belgian wind). The business was originally founded in 1880 and refocused on these four pillars following the 2022 partial demerger of DEME Group, under the controlling shareholding of Ackermans & van Haaren (62.12%) with VINCI Construction SAS (12.11%) as a secondary shareholder.
CFE generates revenue primarily through one-time project-based B2B contracts covering the entire building lifecycle from acquisition to maintenance — including construction, renovation, real estate development, multitechnical installations, and rail/mobility infrastructure — sold through a direct enterprise sales motion in Belgium, Luxembourg and Poland. Pricing is not publicly disclosed and is custom-quoted per project specification. Beyond core construction services, CFE earns investment-related income from its minority participations in sustainable infrastructure (battery storage, offshore wind, Vietnam industrial zones) alongside its controlling shareholder. The group is led by CEO Raymund Trost, CFO Fabien De Jonge, Chairman Luc Bertrand, with Chief Sustainability Officer Isabelle De Bruyne overseeing a wood-and-low-carbon-materials renovation-first strategy under the SPARC framework (Shift, Perform, Accelerate, Return, Community), and Jacques Lefevre as CEO of BPI Real Estate.
The group holds Top Employer 2025 Belgium certification and is a member of the Belgian Alliance for Climate Action. Reported headcount is 1,001–5,000 (firmographics) versus 8,226 employees cited as a historical figure from the DEME-separation era, and a historical revenue of €3,222 million is cited as a separation-era reference point; specific post-spin-off revenue is not directly disclosed in scraped material. A leadership transition was announced 29 May 2026 and BPI Real Estate strengthened its management team in February 2026 to support growth ambition.
CFE Group firmographics
Firmographics- Name
- CFE Group
- Legal name
- Compagnie d'Entreprises CFE SA/NV
- Website
- https://cfe.be
- Company type
- Public
- Founded year
- 1880
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Ownership category
- akta.pro rank
CFE Group industry classification
Industry- Product category
- Construction Services
- NAICS
- Management of Companies and Enterprises (5511), Management of Companies and Enterprises (551)
- SIC
- General Bldg Contractors - Residential Bldgs (1520), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)
- akta.pro secondary industries
- Contracted Wind Power Generation (PPA/CFD/FiT-backed) (EUACAFAJ), Joint Venture CVC / Consortium Funds (Multi-corporate) (FSANAHAE)
Keywords
Where CFE Group is headquartered
LocationHeadquarters
- HQ city
- Brussels
- HQ country
- Belgium
- HQ region
- Europe
Offices1 record
Markets served
CFE Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Supply Chain, Operations, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- Real Estate Development: Urban development projects through BPI Real Estate, active in Belgium, Luxembourg and Poland
- Construction & Renovation: Building construction and renovation services with companies including Arthur Vandendorpe, BPC Group, CFE Polska, CLE, Van Laere
- Multitechnics: VMA industrial automation and MOBIX rail/mobility infrastructure services
- Sustainable Investments: Joint investments with Ackermans & van Haaren in Deep C Holding, GreenStor battery parks and Green Offshore wind farms
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
CFE Group product offering
Product offeringCore offering
CFE Group is an integrated multidisciplinary construction and real estate group operating in Belgium, Luxembourg, and Poland through four segments: Construction & Renovation (industrial, healthcare, defense, and data center projects), Multitechnics (electrical engineering, industrial automation, HVAC, and rail infrastructure via VMA and Mobix), Real Estate Development (residential and mixed-use projects via BPI Real Estate), and Sustainable Investments (renewable energy holdings). The company delivers turnkey building solutions spanning the full lifecycle from land acquisition and design to construction, technical installation, and long-term maintenance.
Product overview
CFE Group is an integrated multidisciplinary construction and real estate group with four main business segments: (1) Real Estate Development led by BPI Real Estate, covering Belgium, Luxembourg and Poland; (2) Multitechnics comprising VMA (industrial automation and energy optimization) and Mobix (railway and mobility infrastructure); (3) Construction & Renovation through multiple subsidiary companies including Van Laere, CLE, BPC, CFE Poland, and Wood Shapers (timber-frame construction); and (4) Investments via participations in Deep C Holding (Vietnam port development), GreenStor (battery energy storage), and Green Offshore (Belgian offshore wind). The group covers the entire building lifecycle from acquisition to maintenance, positioning itself in renovation, energy transition infrastructure, and technically complex construction projects in industrial, healthcare, defense and data center sectors.
Differentiator
Problem solved
Functional benefit
Products and services
- BPI Real Estate
Companies that use CFE Group
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles4 records
CFE Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
CFE Group partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered minor and core.
- Deep C HoldingminorJoint investment with Ackermans & van Haaren developing greenfield projects for ports and related industrial zones mainly in Vietnam
- GreenStorminorJoint investment with Ackermans & van Haaren developing battery parks to store green energy. Existing 10 MW farm in Bastogne, 50 MW farm in La Louvière (under construction), 100 MW farm in Aubange (construction to start 2025)
- Green OffshoreminorJoint investment with Ackermans & van Haaren in development and operation of Belgian offshore wind farms
- Wood ShaperscoreJoint venture between CFE Contracting and BPI Real Estate for developing large-scale timber-frame construction projects
Scale indicators6 records
Recent moves8 records
Expansion highlights5 records
CFE Group competitors and assessment
Company assessmentDirect peers
- Royal BAM Group: Dutch-headquartered construction and engineering group operating across Belgium, Germany, UK, and Ireland with building, civil, and property development divisions. Highly comparable to CFE's Construction & Renovation plus BPI Real Estate dual structure in Benelux, and overlaps directly with Mobix in rail infrastructure.
- Immobel: Belgian-listed real estate developer active in Belgium, France, Luxembourg, Poland, Germany and Spain. Direct competitor to BPI Real Estate on Benelux and Polish residential, office and mixed-use developments, with comparable focus on sustainability and urban projects.
- BESIX Group: Largest Belgian construction group with strong international contracting (real estate, infrastructure, marine) and a concessions arm analogous to CFE's Investments segment. Both groups compete for the same large Belgian and Luxembourg flagship projects and share a similar integrated contracting + development + investment structure.
- AG Real Estate: Belgian real estate developer and investor (subsidiary of Ageas) active across Belgium, France, and Luxembourg in office, retail, residential, and mixed-use. Closely comparable to BPI Real Estate on the Belgian and Luxembourg development pipeline.
- Spie SA: French multi-technical services group operating across building electrical, HVAC, and industrial automation - directly comparable to VMA in Benelux multitechnics work and to Mobix on rail and electrical infrastructure installation.
Broad incumbents
- Eiffage Construction: French construction group combining building, civil engineering, energy systems, and concessions under one roof. Overlaps with CFE Multitechnics (VMA) on industrial automation, Mobix on rail, and CFE's Investments (GreenStor / Green Offshore) through Eiffage's own energy and concessions operations.
- Strabag SE: Austrian-headquartered European construction group with broad building, civil, and concessions operations across Central and Western Europe. Comparable to CFE on geographically diversified European building activity, including Poland where CFE Polska competes for similar work.
- VINCI Construction: Global construction major and 12.11% shareholder of CFE. Competes directly with CFE Contracting on Belgian and Polish building/renovation tenders and brings global scale, supply chain leverage, and technical services (including energy, rail, and concessions) that bracket CFE's multitechnics and investment activities.
Regional players
- Thomas & Piron Group: Privately held Belgian construction and real estate developer with residential, renovation, and commercial activities concentrated in Wallonia and Luxembourg. Closely comparable to CFE Contracting / BPI on the Benelux building-and-development combo, though smaller and more regional.
Others
- Wienerberger AG: Austrian building materials supplier (bricks, clay tiles, pipe systems) with European exposure including Belgium. Not a direct competitor but adjacent - its expanding sustainable and bio-based material range is strategically relevant to CFE's Wood Shapers timber push and to VMA's energy-efficiency retrofits.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
CFE Group social profiles
Digital presenceCFE Group compliance and trust
Trust signalCompliance2 records
CFE Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
CFE Group leadership team
Management profileNumber of profiles
Profiles6 records
CFE Group subsidiaries and ownership
Company hierarchySubsidiaries15 records
CFE Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CFE Group M&A and investment
M&A and investmentM&A8 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CFE Group
What does CFE Group do?
CFE Group is an integrated multidisciplinary construction and real estate group operating in Belgium, Luxembourg, and Poland through four segments: Construction & Renovation (industrial, healthcare, defense, and data center projects), Multitechnics (electrical engineering, industrial automation, HVAC, and rail infrastructure via VMA and Mobix), Real Estate Development (residential and mixed-use projects via BPI Real Estate), and Sustainable Investments (renewable energy holdings). The company delivers turnkey building solutions spanning the full lifecycle from land acquisition and design to construction, technical installation, and long-term maintenance.
Is CFE Group a public or private company?
CFE Group is a public company. It is classified as public and is currently operating.
When was CFE Group founded?
CFE Group was founded in 1880. It employs 1,001 to 5,000 people.
Where is CFE Group based?
CFE Group is headquartered in Brussels, Belgium, in the Europe region.
How does CFE Group make money?
Four revenue lines are on record. Real Estate Development is the primary driver. The others are construction & Renovation, multitechnics and sustainable Investments.
Who are CFE Group's main competitors?
Direct peers on record are Royal BAM Group, Immobel, BESIX Group, AG Real Estate and Spie SA. Broad incumbents are Eiffage Construction, Strabag SE and VINCI Construction. Thomas & Piron Group is listed as a regional player. Wienerberger AG is listed as an others.
Does CFE Group have an API?
No public API is recorded for CFE Group.
What industry is CFE Group in?
CFE Group's product category is Construction Services. Its primary akta.pro industry code is FSANAHAN, Corporate Strategic Real Assets & Infrastructure Venture Investing, with a secondary code of EUACAFAJ, Contracted Wind Power Generation (PPA/CFD/FiT-backed). Its NAICS code is 5511 and its SIC code is 1520.