May 2026
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Largest Construction & Engineering Public Companies in Belgium
Benchmark revenue and EBITDA valuation multiples for public comps like
DEME Group, Bekaert, Moury Construct, Compagnie d'Entreprises CFE and Atenor.
 | Deme Group NV Is a provider of dredging and construction services intended to cater to the renewable energy industries and environmental works. The company provides engineering and contracting services globally in the offshore renewables and non-renewables sectors and performs a wide variety of dredging activities and offers solutions for soil remediation and brownfield redevelopment, as well as environmental dredging and sediment treatment, thereby serving its clients. It has segments namely Offshore Energy, Dredging & Infra, Environmental and Concessions, out of which Dredging & Infra derives maximum revenue. The company geographically operates in America, Africa, Europe, Middle East and Asia. | $227 | +44% | $6B | $6B | 1.3x | 5.6x | ||
| NV Bekaert SA uses metal treatment technologies to deliver a portfolio of steel wire products and coating solutions to customers. It operates in four segments: rubber reinforcement, steel wire solutions, specialty businesses, and Bridon-Bekaert Ropes Group. The company's products help reduce friction, improve corrosion resistance, and enhance adhesion with other materials. Bekaert's offerings are used in various sectors, including automotive, construction, energy, agriculture, and consumer goods. The company operates in China, USA, Belgium, India, Slovakia, Others. Majority of revenue is from international (Others). | $47 | +13% | $2B | $2B | 0.6x | 4.8x | ||
| Moury Construct SA is a Belgium based company engaged in the construction industry. It specializes in residential construction such as new housings, non-residential construction such as factories, commercial office, hospitals, schools & renovation services which includes rebuilding and modernization of existing buildings. | $890 | +46% | $352M | $174M | 0.6x | 3.1x | ||
| Compagnie d Entreprises CFE SA is a multidisciplinary group. It operates in four segments: Real Estate Development, Multitechnics (including activities of the VMA and MOBIX divisions), Construction & Renovation, and Sustainable Investments. A majority of its revenue is generated from the Construction & Renovation segment, which includes all CFE subsidiaries active in Belgium, Poland, and the Grand Duchy of Luxembourg, which engage in the construction and renovation of office buildings, residential buildings, hospitals, hotels, schools, car parks, and industrial buildings. Geographically, the group derives maximum revenue from its business in Belgium, followed by Poland, Luxembourg, and other regions. | $13 | +38% | $332M | $275M | 0.2x | 3.1x | ||
| Atenor SA is a Belgium-based real estate development company engaged in the business activity of developing real estate projects. Its project portfolio comprises offices, mixed-use, and residential complexes. The company's projects include Up-Site, Hermes Business Campus, Vaci Greens, Victor, Trebel, and South City Hotel. The group operates in Belgium, the Grand Duchy of Luxembourg, Hungary, and Romania. | $2 | -36% | $127M | $735M | 4.1x | (10.4x) | ||
| ABO-Group Environment NV is engaged in developing environmental companies providing testing and engineering in areas including soil, environment, geotechnical, energy and waste management. | $5 | -27% | $55M | $81M | 0.6x | 6.2x | ||
| Banimmo SA is engaged in the redevelopment of buildings. | $3 | -3% | $36M | $163M | 18.4x | 34.5x | ||
| Median | $13 | +13% | $332M | $275M | 0.6x | 4.8x |
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