Ballast Nedam Zuid

What Ballast Nedam Zuid does

Ballast Nedam Zuid was a regional construction and development subsidiary of Dutch contractor Ballast Nedam N.V. (founded 1877), headquartered in Eindhoven, Noord-Brabant. As of 2025, the entity merged into Hurks — another Ballast Nedam-owned regional construction firm rooted in a 1916 family business — consolidating Noord-Brabant operations under the broader Ballast Nedam umbrella, which itself is owned by Turkish conglomerate Rönesans Holding. The combined regional entity operates three divisions: real estate development, construction, and maintenance & renovation, with a stated focus on housing corporations, project developers, investors, retailers, and local governments. Named anchor projects in the Noord-Brabant region include the ASML De Run 1000 campus in Veldhoven, the Elisabeth-TweeSteden Ziekenhuis (ETZ) in Tilburg, and the Mainelaan project in Eindhoven.

The technology stack spans construction and civil engineering methods rather than software: 3D BIM modeling for tunnel renovation, large-scale CLT (Cross Laminated Timber) construction, reinforced underwater concrete for immersed tunnels (Hollandtunnel), Geosta natural ground improvement reducing asphalt needs by ~40% (Heinenoord), and autonomous tunnel control systems (Gaasperdammertunnel). The parent group also deployed a world-first drilling robot for temperature detection installation in the A73 Roertunnel and Tunnel Swalmen renovation. At the broader Ballast Nedam level, sustainability is central: the group targets CO2-neutral construction sites by 2030 and energy-neutral production by 2040, has delivered BREEAM Outstanding-certified projects (Project Jonas in Amsterdam IJburg), and partnered with the Climate Cleanup Foundation (2023) to monetize CO2 storage in construction.

Ballast Nedam Zuid generates revenue through two primary streams: one-time construction and development contracts (including design-build, design-build-finance-maintain / DBFM, and public-private partnerships), and long-duration managed services such as 20-year infrastructure maintenance obligations on the A24 Blankenburgverbinding and A9 Gaasperdammerweg. Pricing is not publicly disclosed; contracts are won via competitive tenders with Rijkswaterstaat, municipalities, housing corporations, and private enterprises. Go-to-market is exclusively enterprise field sales, with no channel intermediaries; distribution is direct bidding on public tenders domestically and direct engagement with international government clients (Caribbean, Middle East, Africa, South Asia). The combined Hurks/Ballast Nedam Zuid entity positions itself as a relationship-driven regional builder emphasizing reliability, family-business continuity, and sustainability leadership.

Name

Ballast Nedam Zuid

Legal name

Ballast Nedam N.V.

Website

https://zuid.ballast-nedam.nl

Company type

Private

Founded year

1877

Operating status

Operating

Headcount range

51–100 employees

Short description

Hurks (formerly Ballast Nedam Zuid), a regional construction subsidiary of Ballast Nedam N.V., provides development, construction, and maintenance/renovation services for housing corporations, project developers, healthcare providers, and governments in Noord-Brabant, Netherlands.

Ownership category

akta.pro rank

Headquarters

HQ city

Eindhoven

HQ country

Netherlands

HQ region

Europe

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Supply Chain, Operations, Infrastructure

Revenue model

1. Construction and Development Contracts: Ballast Nedam generates revenue through large-scale construction and infrastructure contracts, including design-build-finance-maintain (DBFM) contracts, public-private partnerships, and traditional construction contracts with government and private clients.
2. Maintenance and Long-term Services: The company provides ongoing maintenance services for infrastructure assets, including 20-year maintenance contracts for projects like the A24 Blankenburgverbinding and A9 Gaasperdammerweg.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Ballast Nedam Zuid is the regional southern Netherlands construction and development subsidiary of Ballast Nedam N.V., operating under the Hurks brand since 2025. The company delivers real estate development, construction, and maintenance & renovation services for residential and utility projects in Noord-Brabant province from its Eindhoven base. It serves housing corporations, project developers, investors, retailers, and government clients with projects such as ASML De Run 1000 (Veldhoven), Elisabeth-TweeSteden Ziekenhuis (Tilburg), and Mainelaan (Eindhoven).

Product overview

Ballast Nedam operates as a unified construction and development platform with specialized business units covering residential construction (Hurks), infrastructure, industrial renewals, water resilience, and urban development. The company integrates expertise across these domains to deliver complex projects including tunnels (A24 Blankenburgverbinding, A27), buildings (Jonas' IJburg, Curaçao Medical Center), water infrastructure, and sustainable construction solutions. The portfolio includes specialized units for development, building, and maintenance/renovation services working collaboratively on major Dutch and international projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Development (Vastgoedontwikkeling)
• Construction (Bouw)
• Maintenance & Renovation (Onderhoud & Renovatie)

Quantifiable outcome

• CO2-neutral construction sites by 2030 and energy-neutral production by 2040
• +5 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

13 partnerships are on record, tiered core and minor.

• ALSÉÉN (Ballast Nedam + Fluor Infrastructure)coreStrategic or Co-development Partner · 17 December 2024Joint venture between Ballast Nedam and Fluor Infrastructure for the A27 Houten-Hooipolder infrastructure project. The 47 km highway project includes verbreding (widening), bridge modifications, peak lane additions, and approximately 60 viaducts and water passages. Uses two-phase approach for design and execution with Rijkswaterstaat.
• BAAK (Ballast Nedam + DEME + Macquarie Capital)coreStrategic or Co-development Partner · 1 January 2021Consortium for the A24 Blankenburgverbinding project valued at approximately €1 billion. Includes design, construction, 20-year maintenance, and financing. Comprises two junctions, a land tunnel, and a tunnel under the Scheur river.
• IXAS (Ballast Nedam + Heijmans + Fluor)coreStrategic or Co-development Partner · 1 January 2021Consortium for the A9 Gaasperdammerweg project (SAA program). Delivered the longest land tunnel in the Netherlands and a park on the tunnel roof. Responsible for maintenance until 2038.
• DEMEcoreStrategic or Co-development PartnerBelgian dredging and marine engineering company partner in the BAAK consortium for the A24 Blankenburgverbinding project.
• Croonwolter&DroscoreStrategic or Co-development PartnerPartnership for the A73 tunnel renovation project (Roertunnel and Tunnel Swalmen). Collaboration on tunnel systems modernization and installation upgrades.
• SAMEN (Ballast Nedam + Van der Ven + Hakkers)coreStrategic or Co-development PartnerConstruction combination for Rijnkade Arnhem flood protection project. Collaboration between Van der Ven, Ballast Nedam, and Hakkers for dike reinforcement in assignment from Waterschap Rijn en IJssel and municipality Arnhem.
• EGM architectenminorStrategic or Co-development PartnerArchitecture firm collaborated on Curaçao Medical Center project with Ballast Nedam.
• OZ architectenminorStrategic or Co-development PartnerArchitecture firm collaborated on Curaçao Medical Center project with Ballast Nedam.
• Orange ArchitectsminorStrategic or Co-development PartnerArchitecture firm responsible for design of Jonas residential project at IJburg, executed by Ballast Nedam West.
• ABTminorStrategic or Co-development PartnerEngineering consultancy collaborated on Jonas project, providing structural engineering expertise for the BREEAM Outstanding certified residential building.
• Felixx Landscape Architects and PlannersminorStrategic or Co-development PartnerLandscape architecture firm collaborated on Jonas project and Cartesius Utrecht urban development project.
• Climate Cleanup FoundationminorStrategic or Co-development PartnerPartnership established in 2023 to financially stimulate CO2 storage in construction projects. By giving CO2 storage a monetary value, climate-positive construction projects become competitive with traditional projects.
• United Nations Sustainable Development GoalsminorStrategic or Co-development PartnerBallast Nedam signed the UN Sustainable Development Goals in 2017, committing to sustainable development principles.

Scale indicators20 records

Recent moves7 records

Expansion highlights5 records

Broad incumbents

• Skanska: Swedish global construction and development company with extensive European presence. Skanska is a larger peer in residential and infrastructure development with comparable sustainability positioning and DBFM project experience.
• Royal Boskalis Westminster: Large Dutch maritime and dredging contractor with significant infrastructure activities. Boskalis is broader in scope but overlaps with Ballast Nedam on marine infrastructure, port construction, and coastal protection projects.
• Fluor Corporation: Global engineering and construction firm that has partnered with Ballast Nedam in the ALSÉÉN and IXAS Dutch highway consortia. Fluor is a broader global infrastructure player with comparable DBFM and large-project capabilities.
• Hochtief: German global construction group operating across infrastructure, building, and concessions. Hochtief overlaps with Ballast Nedam on large-scale public infrastructure DBFM and concessions, particularly in European markets.

Direct peers

• Strukton Civiel: Dutch civil engineering and infrastructure contractor owned by a Korean group. Strukton competes for Dutch infrastructure projects including tunnels, rail, and water management, with comparable DBFM capabilities.
• Heijmans: Dutch construction and development company operating in residential, non-residential, and infrastructure segments. Heijmans competes head-to-head with Ballast Nedam on Dutch highway projects and is a consortium partner in the IXAS A9 JV.
• TBI Holdings: Dutch group of construction and engineering companies operating in building, infrastructure, and technical installations. TBI is a peer for nonresidential building and infrastructure projects across the Netherlands.
• Dura Vermeer: Independent Dutch construction company covering infrastructure, residential, and commercial building. Competes directly with Ballast Nedam Zuid for housing corporation and regional Noord-Brabant projects.
• VolkerWessels: Major Dutch construction company with activities across infrastructure, energy, and building. VolkerWessels is a leading peer for road construction, tunnels, and residential development, competing for the same Dutch public and private contracts.
• Royal BAM Group: Dutch construction and engineering firm with comparable activities in civil infrastructure, tunnel construction, and building projects. BAM Royal Group is a direct competitor for Rijkswaterstaat tenders and operates a similar DBFM model across the Netherlands.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/ballast-nedam-zuid

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries19 records

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 Ballast Nedam Zuid