- Business
- Compagnie d'Entreprises CFE SA (CFEB.BR) is a multidisciplinary construction and engineering group focused on real estate development; multitechnics including engineering, design, installation, and maintenance of commercial electricity, heating, ventilation, air conditioning, industrial automation, track and catenary installation, signaling works, energy transport, and public lighting; construction and renovation of office buildings, residential properties, hotels, schools, universities, car parks, shopping and leisure centers, hospitals, and industrial buildings; and sustainable investments encompassing greenfield projects for ports, industrial zones, battery parks, and offshore wind farms. The company serves commercial, institutional, healthcare, industrial, and public sector clients primarily in Belgium, Luxembourg, Poland, Germany, the Netherlands, and internationally. Founded in 1880 and headquartered in Brussels, Belgium, Compagnie d'Entreprises CFE SA operates as a subsidiary of Ackermans & van Haaren SA.
In recent developments, the group completed its separation from DEME in 2022, refocusing operations on its four core segments of construction & renovation, multitechnics, real estate, and investments, which has streamlined its strategic emphasis on sustainable growth markets. Throughout 2025, CFE executed an active share buyback program initiated in January, acquiring over 175,000 shares by October through transactions on Euronext Brussels, culminating in the program's premature termination upon reaching its target, signaling strong confidence in its business trajectory. The order book expanded to €1.71 billion by mid-2025, bolstered by significant contract wins including the major renovation of the 22,000 m² EQ building for BPI Real Estate, alongside robust order intake in multitechnics particularly at VMA; no acquisitions occurred in the first half of 2025, maintaining a stable real estate portfolio down 7% year-over-year.