CFE (Belgium)

Last updated
CFE
Type S.A.
Euronext Brussels:  CFEB
ISIN BE0003883031
Industryreal estate development, construction & renovation, multitechnics and investments
Founded21 June 1880, as 'Compagnie générale de Chemins de fer secondaires'
Headquarters Brussels, Belgium
Key people
Raymund Trost (CEO)
Revenue EURONEXT
Websitewww.cfe.be/en

CFE is listed on Euronext Brussels and is 62.12% owned by Ackermans & van Haaren.

History

In 1880, Creation of the Compagnie Générale de Chemins de Fer Secondaires (CFE) dedicated to building and managing of railway and tram lines through concessions.

In 1921, Diversification of activities through the involvement in civil engineering and building construction under the name of Compagnie Belge de Chemins de Fer et d'Entreprises.

In 1930, Creation of the Société Générale de Dragage active in dredging works both in Belgium and abroad.

In 1965, Adoption of the name Compagnie d'Entreprises (CFE), due to the large number of general contractor type activities.

In 1974, CFE and Ackermans & van Haaren pool their dredging activities and create Dredging International.

In 1981, Merger of CFE with Entreprises Ed. François et Fils, thereby making CFE the largest Belgian construction company.

In 1989, The GTM Group, shareholder since 1987, becomes the principal shareholder in CFE

In 1991, Creation of the DEME Group (Dredging, Environmental and Marine Engineering) result of the association between Dredging International and Baggerwerken Decloedt. Acquisition of Nizet Entreprise.

In 1999, Acquisition of Vanderhoydoncks Multitechnieken.

In 2000, Vinci SA and GTM merge and become the first worldwide construction group. CFE increases its participation in the DEME Group to 47.8%.

In 2001, CFE introduces an organisation based on three main divisions: the Construction division, which covers all construction professions and the associated services, the Dredging and Environment division, the Electricity division. During the same year, following an agreement with BPC (Bâtiments et Ponts Construction), CFE acquires 100% of ABEB, the Antwerp subsidiary of BPC. The merger of the companies CFE, Bageci, Investissements et Promotion and Maatschappij voor Bouw- en Grondwerken (MBG) takes place in December.

In 2004, Acquisition of Bâtiments et Ponts Construction (BPC) and Bâtipont Immobilier (BPI). CFE increases its participation in the DEME Group to 50%. Creation of a division for Real Estate and associated services, distinct from the Construction division. The Electricity division evolves towards multitechnics.

In 2005, Acquisition of 100% of the shares in Aannemingen Van Wellen.

In 2006, Merger of the Property Management activities of Sogesmaint and CB Richard Ellis. In October, capital increase in cash with a preferential subscription right.

In 2007, CFE realizes an acquisition in the Multitechnics division; CFE has acquired VMA NV Infra-Industry based in Ghent and its subsidiary VMA Slovakia. CFE strengthened by the acquisition of the Brussels-based company Amart, particularly present in the restoration and rehabilitation of buildings. CFE participates for 25% into the company Druart, a company specialized in heating, ventilation, air conditioning and cooling.

In 2008, CFE increases her participation into the company Druart from 25% to 62.5%. CFE reinforces its Multitechnics division through the acquisition of the company Stevens NV. This company, situated in Halen (Limburg - Belgium), is specialized in electrotechnical installations, rail signals installation, cabling, airport lights and marks equipment and also in the installation of telecommunication networks.

In 2009, Reinforcement of the activities of Druart in Wallonia by the integration of Prodfroid, a company with complementary activities. Acquisition of 64,95% of the shares in Van De Maele Multi-techniek based in Meulebeke (Belgium). Elektro Van De Maele is a contractor active in the field of industrial, public and other electrical installations, the electrical part of airconditioning and in the installation, optimisation and automation of stables in the agricultural industry.

In 2010, CFE acquires majority shareholding in Terryn, Belgian market leader in bonded laminates. Creation of "be.maintenance". CFE acquires 65% of shares of Brantegem NV. This company is specialized in HVAC (heating, ventilation, air conditioning) and sanitary equipment.

In 2011, CFE expands its field of activity of its multitechnics division by the acquisition of ETEC and gets a foothold in the field of public lighting. It further reinforces its activity of underground networks. CFE is making an asset deal with the company Leloup Entreprise Générale, which is active in both renovation and transformation of small and medium size projects in Brussels, Flemish Brabant, and Walloon Brabant.

In 2022, the separation from DEME. The CFE Group now focuses on 4 areas: construction & renovation, multitechnics, real estate and investments.

Related Research Articles

<span class="mw-page-title-main">Vinci SA</span> French concessions and construction company

Vinci is a French concessions and construction company founded in 1899 as Société Générale d'Enterprises. Its head office is in Nanterre, in the western suburbs of Paris. Vinci is listed on Euronext's Paris stock exchange and is a member of the Euro Stoxx 50 index.

<span class="mw-page-title-main">KBC Group</span> Belgian bank

KBC Group is a Belgian universal multi-channel bank-insurer, focusing on private clients and small and medium-sized enterprises in Belgium, Bulgaria, Czech Republic, Hungary, and Slovakia. It was created in 1998 through the merger of Kredietbank (KB), the cooperative CERA Bank, ABB Insurance, and Fidelitas Insurance. The acronym KBC refers to KredietBank and CERA.

<i><span title="French-language text"><i lang="fr">Société Générale de Belgique</i></span></i> Former Belgian bank and holding company

The Société générale de Belgique was a large Belgian bank and later holdings company which existed between 1822 and 2003.

The Banque de Paris et des Pays-Bas, generally referred to from 1982 as Paribas, was a French investment bank based in Paris. In May 2000, it merged with the Banque Nationale de Paris to form BNP Paribas.

The Cercle de Lorraine or Club van Lotharingen is a Belgian business club, located in Brussels, Belgium. The club was founded in 1998, and it wants to bring together, distinguished and representative personalities from the Belgian financial community, French speaking as well as Dutch speaking, who are united within an honorary committee.

<span class="mw-page-title-main">Ackermans & van Haaren</span>

Ackermans & van Haaren is a diversified group active in: Marine Engineering & Contracting, Private Banking, Real estate and Senior Care, Energy & Resources, and Growth Capital.

<span class="mw-page-title-main">Ateliers de Constructions Electriques de Charleroi</span>

SA Ateliers de Constructions Electriques de Charleroi was a Belgian manufacturer of electrical generation, transmission, transport, lighting and industrial equipment, with origins dating to the late 19th century as a successor to the Société Électricité et Hydraulique founded by Julien Dulait.

<span class="mw-page-title-main">Compagnie Maritime Belge</span>

The Compagnie Maritime Belge (CMB) is one of the oldest Antwerp ship-owners. It is controlled by the Saverys family who also own major stakes in the Exmar and Euronav groups.

The Société Franco-Belge was a Franco-Belgian engineering firm that specialised in the construction of railway vehicles and their components and accessories. The company originated in 1859 as the Belgian firm Compagnie Belge pour la Construction de Machines et de Matériels de Chemins de Fer, founded by Charles Evrard. The company expanded its share capital in 1881 forming a new firm Société Anonyme Franco-Belge pour la Construction de Machines et de Matériel de Chemins de Fer and constructed a factory in Raismes (Valenciennes) in the Département Nord in France.

<span class="mw-page-title-main">Banque commerciale du Congo</span>

The Banque du Congo Belge (1909-1960), Banque Belgo-Congolaise also known as Belgolaise (1960-2012), Banque du Congo (1960-1971), Banque Commerciale Zaïroise (1971-1997), and Banque Commerciale Du Congo all refer to a banking group that operated mainly in the Belgian Congo from 1909 to 1960, the Republic of the Congo (Léopoldville) from 1960 to 1964, the Democratic Republic of the Congo from 1964 to 1971, Zaire from 1971 to 1997, and the Democratic Republic of the Congo from 1997 to 2020, going through a number of reorganizations over more than a century. In 2012, Brussels-based Belgolaise was wound down by its then owner Fortis Group, and in 2020, Kinshasa-based BCDC merged with Equity Bank Congo (EBC) to form Equity Banque Commerciale du Congo.

<span class="mw-page-title-main">Tractebel</span> Engineering office of the Engie group

Tractebel is a Belgian subsidiary which provides consultancy and engineering services in the energy, water, nuclear and infrastructure sectors for the ENGIE group, as well as for national and international institutions and customers in the public and private markets.

Dredging, Environmental and Marine Engineering NV (DEME) is an international group of specialised companies in the field of capital and maintenance dredging, land reclamation, port infrastructure development, offshore related services for the oil & gas industry, offshore windfarm installation, environmental remediation a.o. The group is based in Zwijndrecht, Belgium, and has current operations on the five continents. The roots of the group date back to the mid 19th century. DEME is committed to the practice of sustainable development. In 2009, the Flemish government agency Flanders Investment and Trade awarded the Export Lion 2009 to DEME for what was called its 'sustainable strategy of internationalization' and 'the many prestigious assignments carried out worldwide'. In a survey by temporary employment company Randstad Holding of 12,001 Belgians in early 2010 DEME was proclaimed one of the most attractive employers in Belgium.

<span class="mw-page-title-main">Colas Group</span>

Colas Group is a major French civil engineering firm specialising in road construction and rail track construction through its Colas Rail subsidiary. Since the 1990s, the group has incorporated the Screg and Sacer road construction firms.

<span class="mw-page-title-main">Nexity</span> French real estate services company

Nexity is a French company that focuses on real estate development and the provision of related services. Company was founded in 2000 in Paris.

<span class="mw-page-title-main">AG Insurance</span>

AG Insurance is a Belgian insurance company providing life insurance and non-life insurance and supplementary pensions. It has been present on the Belgian insurance market since 1824. It targets private individuals, as well as self-employed persons, SMEs and large companies. AG Insurance's products are distributed exclusively through its partners.

<span class="mw-page-title-main">Belgian National Archives 2 - Joseph Cuvelier Repository</span> Site in Brussels, Belgium

The Dépôt Joseph Cuvelier of the Belgian State Archives opened in 2011. It is located on the Rue du Houblon in Brussels in a building designed by Fernand Bodson and built in 1912. Its name honors Belgian historian and government archivist Joseph Cuvelier (1869–1947).

The Compagnie du Congo pour le Commerce et l’Industrie (CCCI) was a private enterprise in the Congo Free State, later the Belgian Congo and then the Democratic Republic of the Congo, whose subsidiaries engaged in a wide range of activities in the Congo between 1887 and 1971. These included railway and river transport, mining, agriculture, banking, trading and so on. It was the largest commercial enterprise in the Congo for many years. It went through various mergers in the years that followed before its successor Finoutremer was liquidated in 2000.

<span class="mw-page-title-main">Empain group</span>

The Empain group was a loose grouping of companies founded by Édouard Empain (1852–1929) of Belgium and controlled by the Empain family. From 1881 until merging with Schneider & Cie in 1969, the companies engaged in a broad range of activities including tramways, railways, electricity generation, construction and mining. The main areas of activity were Belgium and France, but the group also pursued opportunities in Russia, Egypt, China and elsewhere, and played a large role in the development of the eastern Belgian Congo.

<span class="mw-page-title-main">Firmin van Bree</span>

Firmin van Bree was a Belgian engineer who played a leading role in developing the Belgian companies that exploited the mineral and agricultural resources of the Belgian Congo. Although involved in a wide range of activities, his primary interest was in diamond mining. During World War II it was suspected that he helped supply the Germans with diamonds from the Congo. After the war he retired to Saint-Jean-de-Luz in the south of France, where he owned three villas and had a small chapel and a crypt built, where he is buried.

<span class="mw-page-title-main">ASLK / CGER</span> Belgian bank

The Algemene Spaar- en Lijfrentekas / Caisse générale d'épargne et de retraite was a major Belgian public bank, originally created in 1850 as a pension institution. It was acquired in stages between 1993 and 1998 by Fortis Group. In 1996 it took over Société Nationale de Crédit à l'Industrie (SNCI), another Belgian public bank. In 1999 Fortis merged it with Generale Bank and other operations to form Fortis Bank, which in turn was integrated from 2009 into BNP Paribas.

References