TEGOVA
TEGOVA is a Brussels-based non-profit federation uniting 79 national valuers' associations across 42 countries to develop European Valuation Standards, award the REV professional recognition designation, and represent approximately 70,000 qualified valuers.
- Company typePrivate
- Founded-
- HeadquartersBrussels, Belgium
- Headcount11–50
- GTM typeB2B
- OfferingServices
What TEGOVA does
TEGOVA (The European Group of Valuers' Associations) is a Belgian-domiciled non-profit professional federation headquartered in Brussels that unites 79 national valuers' associations across 42 countries, representing approximately 70,000 qualified valuers who work as self-employed practitioners or within consultancies, financial institutions, and government bodies. Founded in 1977 and operating with a 32-person secretariat led by Managing Director François Isnard, TEGOVA's core function is the development and maintenance of European Valuation Standards (EVS, currently in its 10th edition published 2025), European Business Valuation Standards (EVS-BV, 2nd edition 2026), European Plant, Machinery & Equipment Valuation Standards (EVS-PME, 2022 edition), and European Intangible Asset Valuation Standards (EVS-IA, 1st edition 2026). These standards are translated into multiple European languages by member associations and protected as TEGOVA's intellectual property.
The federation monetises its role through three recurring streams: membership dues from the 79 national associations, fees for the Recognised European Valuer (REV) recognition program and its specialised variants (REV-RESI for residential, REV-BV for business, REV-PME for plant/machinery), and publication sales of its standards titles. It also publishes the European Valuer Journal, maintains a public register of recognised valuers, and runs an event programme anchored by the Baltic Valuation Conference and the Vienna Autumn General Meeting. Go-to-market is community-led and channelled through member associations, which act as credentialing intermediaries for REV awards and as local-language distributors of the standards. TEGOVA has no commercial software platform; its proprietary assets are the standards documents themselves, the registered REV trademarks, and the institutional relationships with EU institutions and international valuation bodies including IVSC, RICS, and FIABCI.
TEGOVA firmographics
Firmographics- Name
- TEGOVA
- Legal name
- The European Group of Valuers' Associations
- Website
- https://tegova.org
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- TEGOVA is a Brussels-based non-profit federation uniting 79 national valuers' associations across 42 countries to develop European Valuation Standards, award the REV professional recognition designation, and represent approximately 70,000 qualified valuers.
- Ownership category
- akta.pro rank
TEGOVA industry classification
Industry- Product category
- Professional Association Services
- NAICS
- Business Associations (813910), Business, Professional, Labor, Political, and Similar Organizations (8139)
- SIC
- Services-Membership Organizations (8600)
- akta.pro primary industry
- International Standards Development & Standardization Bodies (BPADANAA)
- akta.pro secondary industries
- Conformity Assessment, Testing, Inspection & Certification Cooperation (BPADANAD), International/Transnational Accreditation & Recognition Bodies (EDADACAG)
Keywords
Where TEGOVA is headquartered
LocationHeadquarters
- HQ city
- Brussels
- HQ country
- Belgium
- HQ region
- Europe
Offices1 record
Markets served
TEGOVA business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Others
Revenue model
- Association Membership Fees: TEGOVA generates revenue through membership fees paid by its 79 national member associations. Each association pays dues based on the size and category of membership, which funds the secretariat operations, standards development, events, and the recognition program.
- Professional Recognition Program (REV): TEGOVA manages the Recognised European Valuer (REV) designation program. The recognition is awarded through member associations, with TEGOVA overseeing the program standards, audits, and quality assurance. Revenue is generated through accreditation and renewal fees for Recognised European Valuers.
- Publications and Standards Sales: TEGOVA publishes and sells the European Valuation Standards (EVS), EVS-BV, EVS-PME, and EVS-IA in English and translated editions. Publications are available for download, with some editions sold through member associations. Total: 2809 REVs, 617 REV-RESIs, 16 REV-BVs, 4 REV-PMEs.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Baltic Valuation Conference 2026 - Participant with dinner |
| Unit Pricing | Pay-as-you-go | Baltic Valuation Conference 2026 - Participant without dinner |
| Unit Pricing | Pay-as-you-go | Baltic Valuation Conference 2026 - Speaker with dinner |
| Unit Pricing | Pay-as-you-go | Baltic Valuation Conference 2026 - Speaker without dinner |
| Unit Pricing | Pay-as-you-go | Baltic Valuation Conference 2026 - Accompanying person |
| Subscription | Pay-as-you-go | AI on AI: Ethical and Practical Use of Generative AI in Real Estate Appraisal - TEGOVA member price |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels6 records
TEGOVA product offering
Product offeringCore offering
TEGOVA (The European Group of Valuers' Associations) is a non-profit umbrella federation of 79 national valuers' associations across 42 countries. It develops and publishes European Valuation Standards (EVS, EVS-BV, EVS-PME, EVS-IA) and operates the pan-European professional recognition designations (REV, REV-RESI, REV-BV, REV-PME) for qualified valuers, plus the European Valuer Journal and educational programs.
Product overview
TEGOVA is a professional association that serves as the European Group of Valuers' Associations, uniting 79 national valuers' associations from 42 countries representing 70,000 qualified valuers. Rather than a unified software platform, TEGOVA's product portfolio consists of valuation standards publications (EVS, EVS-BV, EVS-PME, EVS-IA), professional recognition programs (REV, REV-RESI, REV-BV, REV-PME), the European Valuer Journal, educational resources including the AI for Valuers seminar, and a public Recognised Valuers Register. The standards publications form the foundation of the offering, with recognition programs built upon these standards to certify individual valuers.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 42 countries covered by TEGOVA's network of 79 national associations
- +3 more outcomes
Companies that use TEGOVA
Customer profileNamed customers4 records
Segments4 records
Ideal customer profiles2 records
TEGOVA technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
TEGOVA partnerships and signals
Strategic signalPartnerships
Twelve partnerships are on record, tiered core and minor.
- The Appraisal InstitutecoreTEGOVA partnered with the Appraisal Institute (a TEGOVA member association based in the United States) to develop and deliver the 'AI on AI: Ethical and Practical Use of Generative AI in Real Estate Appraisal' seminar. This seven-hour on-demand program provides European valuers with practical AI skills for research, drafting, and producing better valuation reports. The seminar is available to TEGOVA members at $99 USD and represents a significant educational co-development initiative at the intersection of technology and professional valuation practice.
- ARE (Austrian Association of Real Estate Experts)coreARE is a TEGOVA member association and co-organiser of the 2026 Vienna Autumn General Meeting (22-24 October 2026). Founded in 2009, ARE represents Austrian valuers at the international level and has set itself the goal of supporting real estate valuers in accordance with national and international valuation standards. ARE has 19 full members and 14 associate members.
- ÖVI (Austrian Real Estate Association)coreÖVI is a TEGOVA member association and co-organiser of the 2026 Vienna Autumn General Meeting alongside ARE. Founded in 1979, ÖVI represents real estate agents, property managers, builders, and surveyors in Austria. ÖVI has 360 direct members and 90 qualified valuers.
- VNED (Dutch Real Estate Association)minorVNED is a TEGOVA member association that joined in 2025, founded through the merger of VBO and Vastgoedpro. VNED and NVM together form TEGOVA Netherlands, working to pursue and defend common interests. VNED translated the European Valuation Standards 2025 into Dutch.
- NVM (Royal Dutch Association of Real Estate Brokers and Appraisers)coreNVM is a TEGOVA member association (joined May 2014) and, together with VNED, forms TEGOVA Netherlands. With over 4,000 members, NVM is the foremost professional real estate association in the Netherlands. NVM and VNED collaborate on shared interests within the TEGOVA framework.
- 36th Baltic Valuation Conference - Finnish Association for Real Estate Valuation (SKAY)minorThe Finnish Association for Real Estate Valuation (SKAY) is hosting the 36th Baltic Valuation Conference in Espoo, Finland, 10-12 September 2026, with the theme 'AI in everyday valuation'. SKAY was founded in 1978 and has nearly 300 members, of which approximately 180 are authorised real estate valuers. The conference targets real estate appraisers from countries around the Baltic Sea.
- IVSC (International Valuation Standards Council)coreMultiple TEGOVA member associations (NAVS, LIVA, KPRSM, AFREXIM) are members of IVSC. TEGOVA's European Valuation Standards are developed in alignment with International Valuation Standards. Several member associations explicitly state IVSC membership as part of their international affiliations.
- FIABCI (Fédération Internationale des Administrateurs de Bienfonds Contradictoires)coreSeveral TEGOVA member associations and individual representatives hold leadership positions in FIABCI national chapters and the global organisation. TEGOVA and its members engage with FIABCI for international professional collaboration in real estate and valuation. Examples: UAPV's Serhii Frolov is President of FIABCI Ukraine; IPAV's Antonio Campagnoli is World President in Office of FIABCI.
- RICS (Royal Institution of Chartered Surveyors)coreMany TEGOVA member associations and individual valuers hold RICS designations alongside TEGOVA's REV designations. RICS is referenced as an international counterpart in valuation standards. TEGOVA's REV designation is complementary to and recognised alongside MRICS and FRICS designations.
- CNGeGL (National Council of Italian Surveyors)minorCNGeGL is a TEGOVA member association (176 REVs) and co-published the Italian translation of EVS 2025 alongside ASSOVIB, CONAF, IEV, and ISIVI. It represents Italian surveyors and is a significant channel for TEGOVA standards in Italy.
- CEPI-CE / CEI (European Association of Real Estate Professions)minorTEGOVA member associations including ÖVI (member since 1996) and IVD are members of CEPI-CE (European Association of Real Estate Professions). This provides a European industry body connection for lobbying and professional standards alignment.
- TEGOVA France (AFREXIM, CEF, CNEI, CSN, IFEI, SEEIF, SNPI, UNIS)coreEight French member associations (AFREXIM, CEF, CNEI, CSN, IFEI, SEEIF, SNPI, UNIS) collectively form TEGOVA France, working together to pursue and defend common interests. They have translated European Valuation Standards into French (EVS 2020). This coordinated national structure strengthens TEGOVA's presence in France.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
TEGOVA competitors and assessment
Company assessmentOthers
- FIABCI (International Real Estate Federation): FIABCI is the international real estate federation with national chapters across 70+ countries, connecting real estate professionals globally. Several TEGOVA member association leaders hold FIABCI positions, making it a thematically adjacent peer in the broader international real estate professional ecosystem.
- CEPI-CE / European Association of Real Estate Professions: CEPI-CE is the European body representing real estate professions including valuers, brokers, and property managers. Several TEGOVA member associations (ÖVI, IVD) hold CEPI-CE membership, positioning it as an adjacent ecosystem participant with overlapping professional scope.
Direct peers
- Royal Institution of Chartered Surveyors (RICS): RICS is the global professional body for chartered surveyors and valuers, offering MRICS/FRICS designations and the Red Book valuation standards. It directly competes with TEGOVA's REV designation for European valuer mindshare and is the most prominent comparable professional accreditation body.
- American Society of Appraisers (ASA): ASA is a leading US-based international appraisal organization offering credentials across real estate, machinery and technical specialties, personal property, and business valuation. It overlaps with TEGOVA's multi-discipline valuation standards and recognition portfolio, particularly for business and PME valuation.
- International Valuation Standards Council (IVSC): IVSC sets the International Valuation Standards (IVS) used globally for asset valuation across financial reporting and lending. TEGOVA's European Valuation Standards are explicitly developed in alignment with IVSC's framework, making IVSC a direct peer in the standards-setting layer of the profession.
- Appraisal Institute: The Appraisal Institute is the largest US professional association of real estate appraisers, awarding the SRA, MAI, and AI-GRS designations. TEGOVA partnered with the Appraisal Institute in 2026 to deliver an AI in Valuation seminar, and the AI is itself a TEGOVA member association, making it a strategically aligned direct peer.
- National Association of Certified Valuators and Analysts (NACVA): NACVA is the leading US association for business valuation professionals, offering the CVA designation and standards for business valuation practice. It directly parallels TEGOVA's EVS-BV standards and REV-BV recognition in the business valuation segment.
- Canadian Institute of Chartered Business Valuers (CICBV): CICBV is Canada's chartered body for business valuers, awarding the CBV designation and publishing business valuation standards. It is a peer in the business valuation standards space, comparable to TEGOVA's EVS-BV and REV-BV.
Regional players
- European Group of Surveyors (GEG): GEG represents national surveyor and property professional associations across Europe at the EU institutional level. While not focused on valuation specifically, it overlaps with TEGOVA's EU Affairs function and member base of national surveyor/valuer associations.
Emerging players
- HypZert (German Real Estate Valuer Certification Body): HypZert is a German certification body specifically focused on real estate valuers, with recognition accepted across German-speaking markets. It is an emerging specialized peer in the same recognition-and-credentialing space as TEGOVA's REV designations, particularly for mortgage lending valuation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
TEGOVA social profiles
Digital presenceTEGOVA financial estimates
Financial estimateRevenue estimate
Valuation estimate
TEGOVA leadership team
Management profileNumber of profiles
Profiles1 record
TEGOVA funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
TEGOVA M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about TEGOVA
What does TEGOVA do?
TEGOVA (The European Group of Valuers' Associations) is a non-profit umbrella federation of 79 national valuers' associations across 42 countries. It develops and publishes European Valuation Standards (EVS, EVS-BV, EVS-PME, EVS-IA) and operates the pan-European professional recognition designations (REV, REV-RESI, REV-BV, REV-PME) for qualified valuers, plus the European Valuer Journal and educational programs.
Is TEGOVA a public or private company?
TEGOVA is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was TEGOVA founded?
TEGOVA was founded in -1. It employs 11 to 50 people.
Where is TEGOVA based?
TEGOVA is headquartered in Brussels, Belgium, in the Europe region.
How does TEGOVA make money?
Three revenue lines are on record. Association Membership Fees are the primary driver. The others are professional Recognition Program (REV) and publications and Standards Sales.
Who are TEGOVA's main competitors?
Others on record are FIABCI (International Real Estate Federation) and CEPI-CE / European Association of Real Estate Professions. Direct peers are Royal Institution of Chartered Surveyors (RICS), American Society of Appraisers (ASA), International Valuation Standards Council (IVSC), Appraisal Institute, National Association of Certified Valuators and Analysts (NACVA) and Canadian Institute of Chartered Business Valuers (CICBV). European Group of Surveyors (GEG) is listed as a regional player. HypZert (German Real Estate Valuer Certification Body) is listed as an emerging player.
Does TEGOVA have an API?
No public API is recorded for TEGOVA.
What industry is TEGOVA in?
TEGOVA's product category is Professional Association Services. Its primary akta.pro industry code is BPADANAA, International Standards Development & Standardization Bodies, with a secondary code of BPADANAD, Conformity Assessment, Testing, Inspection & Certification Cooperation. Its NAICS code is 813910 and its SIC code is 8600.