OPULION

Gimv NV

Who is Gimv NV?

A listed investment company that helps unlisted companies in Belgium, the Netherlands, France and Germany grow.

GIMB Euronext BrusselsListed in EUREUROfficial websiteWebsitePrice on Yahoo FinanceYahoo

Value and financial structure

Reporting date

2.5 Bn € in gross assets14.1 % funded by borrowingthe share price 46.30 € against 57.20 € of net asset value per share (gap computed by Opulion −19.1 %)

What you own

Reporting date|Out of total assets of2 538 M €

By type

Listed or unlisted, and in what form.

Gross assets

2.5 Bn €

at Jun 30, 2026

Pick a part to see what it holds.

Inside: or . Outside: the type of asset.

What the company owes

14.1 %debt-financedat Jun 30, 2026

Not debt-financed2 180 M €
Borrowed359 M €

Net debt, after cash: 227 M €

Published loan to value, on net debt: 9.4 % as at Jun 30, 2026.

How this figure is calculated

It divides net debt, after cash, by the value of the assets, rather than gross borrowings by gross assets: that is why it differs from the share above.

These borrowings are the investment company's own — the ones its published bridge to net asset value deducts. They cover the same perimeter as the gross assets the chart divides, so the share above really does measure how much of those assets is debt-financed.

Source: Gimv half-year report 2026 · Sep 3, 2026

By theme

What the companies held do, in fifteen themes.

Named holdings

62

sorted into 10 themes

Pick a theme to see its companies.

By number of companies: the company does not publish the weight of each line, so the ring counts names, not amounts. Themes defined by Opulion, the same on every page, not by the company. The fund held is counted separately: a fund is not a line of business.

The breakdown published by the company

By sector · Jun 30, 2026

CO
17.0 %
HC
21.0 %
SI
21.0 %
SC
20.0 %
Anchor
11.0 %
LS
5.0 %
IF
4.0 %
3F
1.0 %
NA
0.0 %

Company by company

Names as published, as of Jun 30, 2026 unless another date is shown.

64 named holdings: none with a weight, 4 listed. 1 is also held by another company followed on Opulion.

19

  • Cegeka

    IT and cloud services

    23.6 %of capital
  • Alpine

    consumer earplugs and hearing protection

  • awelando Gruppe

    incontinence supplies and home care

  • Baas-Verkley

    construction and maintenance of energy and water networks

  • BioConnection

    contract manufacturing of injectable pharmaceuticals

  • Bugaboo - Joolz

    premium strollers and nursery products

11

  • Alro

    surface treatment and painting of automotive parts

    as at Dec 31, 2025
  • Arplas

    automotive sheet metal welding

    as at Dec 31, 2025
  • Citymesh

    Wi-Fi, IoT and private 5G wireless networks

    as at Aug 11, 2026
  • ERS Electronic

    thermal management for semiconductor testing

    as at Dec 31, 2025
  • Laser 2000

    distribution of lasers and photonic components

    as at Dec 31, 2025
  • Metis Group

    contract electronics manufacturing

9

6

11

4

1

1

2

Legal structure · 1 entity

Intermediate holding companies and holding vehicles. They are not investments: they are not counted in the names above.

Sub-holdings and vehicles

Infravest

See all portfolio lines

The news feed

Up to date as of

Our latest articles on this company

The whole journal

Upcoming publications

  • Nov 1, 2026 to Nov 30, 2026Quarterly reportThird-quarter 2026 update (as at 30/09/2026)date estimated from the usual schedule
  • Feb 18, 2027Press releaseAnnual results press release
  • Mar 30, 2027Annual reportAnnual report
  • May 26, 2027Annual general meetingAnnual general meeting
  • Jun 1, 2027 to Jun 30, 2027Ex-dividend dateEx-dividend date, financial year 2026date estimated from the usual schedule

What it has returned

Reporting date

Against the same world benchmark for all.

Published performance,

World index in euro, EUR, per year

Company figures as of Jun 30, 2026 · world index as of Jun 30, 2026

The company does not publish a return over one, three, five or ten years.

Method and sources

Each panel carries its own scale: lengths compare within a panel, never from one panel to the next.

A return is never converted from one currency to another: that would take the exchange rate move over the whole period, not the rate on one reporting date. The company's series are served in the issuer's currency only.

Every company covered is compared with the same benchmark, never with the index their own manager picked: a manager who picks his index also picks the bar he had to clear. This benchmark is not the MSCI ACWI itself, which belongs to MSCI and may not be redistributed. It is the median, recomputed by Opulion, of the net asset values published by three ETFs from three different managers tracking that index: iShares (IE00B6R52259), State Street SPDR (IE00B44Z5B48) and Amundi (LU1829220133). A single fund is never served on its own. Convention: last net asset value on a date at or before the reporting date, within a seven calendar day window; geometric annualisation over the nominal horizon; conversion at the European Central Bank reference rate of the day of the net asset value actually retained, a cross rate being an Opulion computation that is declared as such. The recomputation reproduces the performance each manager publishes for its own fund, to the second decimal, fifteen times out of twenty, and never departs from it by more than 0.04 point. Funds used: BlackRock, State Street and Amundi.

Converted at the reference rate of Jun 30, 2026, published by the European Central Bank.

What is it worth on the market?

Reporting date

The share price against net asset value per share.

Values shown in euro, EUR

57.20 €

the company's calculation

Share price

46.30 €

stock exchange close that day, not a price used by the company

Price to net asset value gap

−19.1 %

computed by Opulion: the stock exchange close against the same-day net asset value per share

Performance over time

Long term

No long-term series available for this company.

The share price

Market

The share price, to read against the published net asset value above.

Track all markets on TradingView

Getting to know Gimv

Each answer links to its source.

  1. Who decides?

    The board of directors, which brings together the chief executive, a majority of independents and directors put forward by WorxInvest, its reference shareholder, meaning the largest block of shares. A signed agreement between them frames their dialogue.

    Sourcegimv.com

  2. What does it hold?

    A portfolio of 59 companies, almost all unlisted, managed by sector: consumer, healthcare, industry, sustainable cities. On top sits a long-term pocket, "Anchor", carrying larger holdings such as the IT services firm Cegeka.

    Sourcegimv.com

  3. How does it choose its investments?

    It starts from broad societal needs: sustainable food, the energy transition, digitalisation, health and ageing. It invests money from its own balance sheet and calls itself an "evergreen partner", free of a fund's limited lifespan.

    Sourcegimv.com

  4. How does it make money?

    When its companies gain value: capital gains cashed in on sales, and the rise in value of those it keeps, re-estimated at each balance sheet date. Measured against the portfolio, that gain came to 18.8 % annualised last half-year, against a target of at least 17.5 %.

    Sourcegimv.com

  5. How are shareholders paid?

    Through an annual dividend, 1.95 € per share for the last financial year, shortened to align it with the calendar year. The stated rule: never cut it, save in exceptional circumstances, and raise it sustainably whenever possible.

    Sourcegimv.com

  6. What sets it apart

    It runs rotation and long-term holding side by side: its sector platforms sell after a few years, while its "Anchor" pocket keeps its holdings with no exit date. For that pocket, it has teamed up with its reference shareholder, WorxInvest.

    Sourcegimv.com
1 of 6

Who runs it, and since when?

Management and what it costs

27.1 M €

How long they have been there

Tenure on the board and in management

  • Filip Dierckx· Chair of the Board of Directors, chair of the nomination committee2024
  • Koen Dejonckheere· Director, Chief Executive Officer (CEO)2008
  • Brigitte Boone· Director, member of the audit committee2015
  • Johan Deschuyffeleer· Independent director, member of the nomination committee2018
  • Manon Janssen· Independent director, member of the audit committee2017
  • Rudy Provoost· Independent director2026
  • Marc Valentiny· Director, member of the audit committee2024
  • Robert Van Goethem· Director, member of the nomination committee2024
  • Frank Verhaegen· Independent director, chair of the audit committee, member of the nomination committee2017
  • An Vermeersch· Independent director, member of the nomination committee2017
  • Hilde Windels· Independent director, member of the audit committee2022
  • Kristof Vande Capelle· Chief Financial Officer (CFO), member of the Executive Committee2007
  • Edmond Bastijns· Chief Legal Officer, member of the Executive Committee2000
  • Koen Bouckaert· Member of the Executive Committeedate not published
  • Bart Diels· Member of the Executive Committeedate not published
  • Erik Mampaey· Member of the Executive Committeedate not published
  • Bart Troubleyn· Member of the Executive Committee2025
  • Tom Van de Voorde· Member of the Executive Committeedate not published
20002007201420212026

Company facts

Value and financial structure

1 643M €Market capitalisation, calculated by Opulion, at Jul 31, 2026 (not the reporting date of this page)
2 105M €Equity - group share, at Jun 30, 2026
227M €at Jun 30, 2026
57.20 €at Jun 30, 2026
Founded in
1980
Registered office
Anvers, BE
Headcount
95 the holding alone
Headcount as at
Dec 31, 2025 (not the reporting date of this page)

Tested against the figures

  • −3.5 M €Jun 30, 2026
  • Weight of the top ten holdings50.3 %Jun 30, 2026