Ackermans & van Haaren long-term portfolio strategy, shares on Euronext Brussels radar

By Stefan Krueger, Long-Term & Business Model desk. Reviewed prior to publication on 2026-06-27, 11:23.

Ackermans & van Haaren (BE0003764755) is a diversified investment group headquartered in Antwerp and listed on Euronext Brussels, positioning it as a core Belgian financial stock alongside peers such as Groupe Bruxelles Lambert. Its portfolio construction and capital allocation strategy give the stock a distinct long-term profile for investors.

What Ackermans & van Haaren reports

Ackermans & van Haaren’s latest annual report for 2024 shows net profit attributable to the group of 395.2 million euros, compared with 406.4 million euros for 2023, reflecting resilient earnings despite a mixed macro backdrop. The group’s equity attributable to shareholders stood at 5.3 billion euros at year-end 2024, underlining a solid capital base.

The investment group’s net asset value (NAV) per share reached 225.1 euros at the end of 2024, based on the sum-of-the-parts valuation of its core participations. According to its investor presentation, Ackermans & van Haaren maintains a diversified portfolio across multiple sectors, with long-standing holdings and a focus on structural growth themes. A detailed breakdown of participations and NAV is provided in the company’s 2024 annual report.

Sector peers and analyst views

In the Belgian investment holding sector, Ackermans & van Haaren is often compared with peers such as Sofina and Groupe Bruxelles Lambert, which also operate diversified portfolios across listed and private assets. These peers help investors benchmark valuation metrics such as NAV discounts and sector exposure.

Market commentary from regional brokers highlights Ackermans & van Haaren’s focus on long-term value creation through active portfolio management and disciplined capital allocation. Analysts emphasize the group’s exposure to infrastructure, financial services, and growth companies, which can provide both defensive characteristics and structural upside over multi-year horizons. A recent Belgian market note cited its consistent dividend history and conservative balance sheet as supportive factors for long-term investors, as summarized in a MarketScreener overview.

How Ackermans & van Haaren makes money

Ackermans & van Haaren generates value primarily through its portfolio of equity holdings in infrastructure, financial services, real estate, and growth companies, including long-standing participations such as DEME Group and Bank Delen. The group earns dividends, capital gains, and management fees from these investments, supported by active ownership and strategic involvement.

Where the stock trades today

The Ackermans & van Haaren shares (BE0003764755) trade on Euronext Brussels at 178.40 euros as of 2026-06-26, 17:35, according to exchange data. This price implies a market capitalization of around 5.9 billion euros at that time.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, a recommendation to buy or sell securities, or a solicitation of any transaction. Figures and dates are based on publicly available sources believed to be reliable at the time of publication and may change without notice.