VAB Viersen

What VAB Viersen does

VAB Viersen (legal name: Viersener Aktien-Baugesellschaft AG) is a municipal housing company founded in 1898 and headquartered at Rathausmarkt 1 in Viersen, Germany. It is the largest Wohnungsbaugesellschaft in the Kreis Viersen district, managing over 3,000 residential units across the city of Viersen and its districts of Dülken and Süchteln. VAB operates as an Aktiengesellschaft (AG) under the German Drittelmitbestimmung co-determination framework, with the City of Viersen as a major shareholder receiving a 4% dividend on profits (≈€264,000 in 2020).

The company's core product is long-term residential rental housing (including publicly subsidized KfW units), supplemented by a portfolio of tenant-facing services: the Meine VAB digital tenant portal (Aareon-powered, available as iOS/Android app and web), three guest apartments (Gästewohnungen), the Kombihilfe household-assistance program delivered with ASB, seven neighborhood meeting centers (Begegnungszentren), and the VABus community vehicle. VAB has also deployed Termios smart thermostats across a majority of its buildings as part of a ~€30M heating-modernization program targeting CO2-neutral operations by 2045.

Revenue is generated principally through recurring monthly rents on the ~3,000-unit portfolio, with ancillary income from guest apartments, Kombihilfe fees (with means-tested subsidies for seniors over 70 or those with health impairments), and partnerships. Pricing is governed by the German Mietspiegel rent index. The company reported a Jahresüberschuss of ~€1.6M on a balance sheet of ~€129M in 2020, and is currently executing a multi-year €156M construction investment program delivering up to 400 new apartments. Distribution is direct-to-tenant via website, the Kundenzentrum at Stadthaus, VABus mobile office, and seven neighborhood centers.

Name

VAB Viersen

Legal name

Viersener Aktien-Baugesellschaft AG

Website

https://vab-viersen.de

Company type

Private

Founded year

1898

Operating status

Operating

Headcount range

1–10 employees

Short description

VAB Viersen (Viersener Aktien-Baugesellschaft AG) is a municipal housing company managing over 3,000 residential units across Viersen, Dülken, and Süchteln, Germany, supplemented by tenant support services including a digital portal, guest apartments, and household-assistance programs.

Ownership category

akta.pro rank

Product category

Residential Property Management

NAICS

Residential Property Managers (531311), Lessors of Real Estate (5311)

SIC

Real Estate Agents & Managers (For Others) (6531), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

HOA / Condominium Association Management (BPAJAFAH)

akta.pro secondary industry

Vacation & Short-Term Rental Management (BPAJAFAI)

Keywords

• Residential property management
• Social housing services
• Tenant management services
• Apartment rental housing
• Community housing programs

Headquarters

HQ city

Viersen

HQ country

Germany

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Residential Property Rent: VAB generates the majority of its revenue through monthly rental income from approximately 3,000 residential units across Viersen, Dülken, and Süchteln. Rental agreements are standard German residential leases with ancillary cost (Nebenkosten) charges.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

VAB Viersen operates as a residential housing company managing over 3,000 rental units across Viersen, Dülken, and Süchteln in Germany. The company provides long-term residential rental housing supplemented by tenant support services including the Meine VAB digital self-service portal/app, Kombihilfe household assistance program, guest apartments, and seven neighborhood meeting centers. Founded in 1898, VAB is the largest housing company in the Kreis Viersen district.

Product overview

VAB Viersen (Viersener Aktien-Baugesellschaft AG) is a housing company providing rental apartments and property management services across Viersen, Dülken, and Süchteln. The core offering is residential housing, supplemented by tenant services including the Meine VAB digital portal/app for self-service management. Additional services include guest apartments for short-term stays, the Kombihilfe household assistance program for seniors and those in life transitions, VABus community vehicle for social initiatives, and seven neighborhood meeting centers (Begegnungszentren) operated in partnership with ASB. The company also provides emergency on-call services and maintains an emergency contact network across its properties.

Differentiator

Problem solved

Functional benefit

Products and services

• Meine VAB (Tenant Portal) Digital self-service portal available as a mobile app (iOS/Android) and web platform, enabling VAB tenants to view contracts, submit maintenance requests, generate rental certificates, check account balances, and receive notifications for documents and building updates.
• Gästewohnung (Guest Apartments)

Quantifiable outcome

• Over 3,000 residential units managed across Viersen, Dülken, and Süchteln
• +6 more outcomes

Named customers1 record

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration8 records

Feature2 records

Partnerships

Eleven partnerships are on record, tiered minor and core.

• BVS (Baugenossenschaft Viersen-Süchteln?)minorStrategic or Co-development Partner · 9 July 2025Press release dated 09.07.2025 announces that BVS and VAB are now working together. The specific nature of the cooperation is not detailed in the headline listing but appears to be a new collaborative arrangement between two housing companies in Viersen.
• Stadt Viersen (City of Viersen)coreStrategic or Co-development PartnerVAB works closely with the Stadt Viersen as its primary municipal housing partner. The city is VAB's largest shareholder and receives a 4% dividend. Joint initiatives include new kindergarten (Kita) construction delivered to the city, public subsidized housing (KfW), and joint climate protection programs. VAB participates in municipal planning processes and receives municipal support for land acquisition.
• Arbeiter-Samariter-Bund (ASB) Viersen / ASB/Gemeinsam gGmbHcoreStrategic or Co-development PartnerASB Viersen is the operational partner for VAB's Kombihilfe (household assistance) program and for all seven neighborhood meeting centers (Begegnungszentren/Stadtteiltreffpunkte). ASB staff provide on-site consultations, organize community activities, and deliver household services at subsidized rates. The partnership covers Beratung (counseling), haushaltsnahe Dienstleistungen (household services), and Pflege (care) referrals.
• Termios GmbHcoreTechnology or IntegrationTermios is VAB's technology partner for smart thermostat installation and management across the majority of VAB's building portfolio. Termios provides the hardware (smart thermostats), installation, and tenant-facing instructions and video tutorials. This partnership is central to VAB's energy efficiency and climate protection strategy, enabling remote monitoring and optimized heating control.
• Gemeinnütziger Bauverein Dülken EGminorStrategic or Co-development PartnerListed as a partner on VAB's partner page. The nature of cooperation appears to be inter-company coordination in the social housing sector in Viersen, potentially sharing best practices or coordinating on housing development in the Dülken district.
• Gemeinnütziger Bauverein Süchteln EGminorStrategic or Co-development PartnerListed as a partner on VAB's partner page. Cooperation appears to be inter-company coordination in the social housing sector in Viersen, potentially sharing best practices or coordinating on housing development in the Süchteln district.
• Café MokkaminorOthersCafé Mokka operates at Rathausmarkt 1a (same building as VAB headquarters). Listed as a partner with a catering and reservation service. Di–Fr: 9–21 Uhr, Sa–Mo: 9–15 Uhr. Relationship appears to be co-location/commercial tenancy with catering services potentially used for VAB events.
• Gewächshaus für JungunternehmerminorOthersLocated at Am alten Gymnasium 6. Listed as a partner on VAB's partner page, suggesting some form of community support or joint initiative for young entrepreneurs in Viersen.
• Stadtteilladen SüdstadtminorOthersLocated at Große Bruchstr. 6a. Listed as a partner on VAB's partner page. Relationship appears to be community-oriented cooperation in the Südstadt district.
• NEW (Niederrheinische Energie- und Wasserversorgung)minorOthersLocal utility company referenced in VAB's emergency services (Notdienst) directory. For addresses at Alte Bachstr. and Brüsseler Allee, tenants are directed to call NEW for gas, water, and electricity emergencies outside VAB business hours.
• Various Local Emergency Service FirmsminorOthersVAB maintains a directory of local emergency service firms (heating, plumbing, electrical, pipe cleaning, elevator) assigned by address for after-hours emergencies. Firms include Firma Erfa, Firma Kaas, Firma Gobbers, Firma Krienen, Firma Moersch, Firma Jeroschewski, Weber Aufzugtechnik, Schindler Aufzüge, Kone, Wirsing Aufzüge, and others.

Scale indicators13 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Grand City Properties S.A. Listed German-focused residential property company with approximately 60,000 units, often in B-cities. Operates in similar regulated German rental market dynamics as VAB.
• TAG Immobilien AG: German residential real estate company with a portfolio of approximately 85,000 units, focused on secondary German cities and regional markets. Similar to VAB in emphasizing affordable housing in non-top-tier locations.
• Gewobag: Berlin's largest municipal housing company with approximately 67,000 units, owned by the State of Berlin. Closely comparable to VAB in municipal ownership structure, social housing focus, and tenant service offerings.
• Vonovia SE: Germany's largest residential housing company, managing approximately 568,000 units across the country. Direct comparison to VAB in core business of owning/operating residential rental housing, though at vastly greater scale and with a public listing.
• SAGA Siedlungs-Aktiengesellschaft Hamburg: Hamburg's municipal housing company managing approximately 138,000 units. Highly comparable to VAB in being a publicly structured (AG) municipal housing company with both residential management and broader tenant/community services.
• GBG Mannheimer Wohnungsbaugesellschaft: Mannheim's municipal housing company, comparable to VAB in scale (mid-sized German city portfolio) and in operating under a municipal shareholder structure with social housing obligations.
• LEG Immobilien AG: Publicly listed German residential housing company focused on North Rhine-Westphalia — the same state as VAB's Viersen operations. Directly comparable business model of owning and managing residential rental portfolios at scale.
• Deutsche Wohnen SE: Major German residential property company managing approximately 155,000 units, focused on metropolitan areas. Directly comparable to VAB in residential rental focus and regulated-market exposure.
• Nassauische Heimstätte: Regional German housing company with approximately 60,000 units across Hesse and surrounding regions. Comparable to VAB as a regional residential provider with municipal/shareholder ties.
• Adler Group S.A. German residential real estate company with approximately 70,000 units, focused on affordable housing. Operates in similar regulatory environment and tenant-base dynamics as VAB.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Instagraminstagram.com/vab_viersen
• LinkedInlinkedin.com/company/vab-viersen

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 VAB Viersen