Skip to content

FIVANCO

Active Risk: not assessed Public limited companyfounded 1970active for 56 yearsBeneluxpark 29, 8500 KortrijkKBO/BCE: BE 0407.099.793 subsidiary of DAVHOLD#5 oldest company in Kortrijk, Finance and insurance sector
Part of the group DAVHOLD 38 companies in 10 countries
See the group
FIVANCO
Follow ReportCompare

Holdings

own 2025 accounts, the bar shows equity in euros
This companyFIVANCO29 holdings, 11 countries 2025 accounts

Belgium 11 Year Equity Result

Europe 14 Year Equity Result

  • FR Inovan74.99% 2025€10.8m result -€65,055 (2025)
  • ES Segunda Casa Adeje50% 2025€4.7m result €2.8m (2025)
  • LU Negustori Europe73% 2024€93,714 result -€24,548 (2024)
  • NL Groenevelt Sluis9.45% 2024-€2.5m result -€20,946 (2024)
  • RO Afidavid 2024-RON 3.6m result -RON 217,548 (2024)
  • NL Beleggingsmaatschappij Job Gouda57.6% 2024USD 36,279 result -USD 44,022 (2024)
  • RO Centrimo Romania 2025-RON 14.2m result -RON 1.0m (2025)
  • RO Fundulea20% 2024-RON 27.6m result -RON 1.3m (2024)
  • RO Millstone Residentials SRL22.5% 2024RON 250.1m result -RON 1.6m (2024)
  • TR Narlikuyu AS50.5% 2024TRY 165.3m result -TRY 1.8m (2024)
  • RO New Properties 2024-RON 4.2m result RON 760,383 (2024)
  • RO SC POM Service 2024-RON 25.9m result -RON 271,160 (2024)
  • PL Sea Real Estate50% 2024PLN 16.5m result PLN 6.2m (2024)
  • RO Yellow Sky69.5% 2024-RON 7.4m result -RON 768,096 (2024)

North America 1 Year Equity Result

  • US Grand Acres LP 2020USD 181,140 result USD 435,485 (2020)

South America 1 Year Equity Result

  • BR Vinlanda44.37% 2024-BRL 6.9m result -BRL 454,648 (2024)

Africa 2 Year Equity Result

  • ZA Dreamworld Investments 537 Ltd.50% 2024-ZAR 5.6m result -ZAR 25,381 (2024)
  • ZA Scarlet Ibis 2024ZAR 28.4m result ZAR 21,590 (2024)

Source: list of holdings in its own 2025 accounts. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.

Part of the group DAVHOLD Group, risk and exposure

Parent

DAVHOLD
0886.327.897 · 99.99% of the shares · equity €55.6m · profit €397,473 (2025)
Checked score 90

Holdings and subsidiaries

29 holdings · 18 subsidiaries, including indirect ones

Holdings 29

Share, source and own figures per holding (29)

Source for every holding own accounts 2025

  • AfidavidROsubsidiary
    Equity -RON 3.6mResult -RON 217,548
    100%
  • Bovancosubsidiary
    Equity -€28,835 Loss of €29,966 in 2025 (loss of €7,627 in 2024) Checked score 50
    100%
  • Centrimosubsidiary
    Equity €7.0m Profit of €61,975 in 2025 (profit of €15,276 in 2024) Checked score 88
    100%
  • Centrimo RomaniaROsubsidiary
    Equity -RON 14.2mResult -RON 1.0m
    100%
  • Grand Acres LPUSsubsidiary
    Equity USD 181,140Result USD 435,485
    100%
  • INAFZOsubsidiary
    Equity €1.1m Profit of €11,465 in 2025 (profit of €12,989 in 2024) Checked score 94
    100%
  • New PropertiesROsubsidiary
    Equity -RON 4.2mResult RON 760,383
    100%
  • SC POM ServiceROsubsidiary
    Equity -RON 25.9mResult -RON 271,160
    100%
  • Scarlet IbisZAsubsidiary
    Equity ZAR 28.4mResult ZAR 21,590
    100%
  • CONAFINsubsidiary
    Equity -€15,475 Profit of €13,338 in 2025 (loss of €12,565 in 2024) Checked score 54
    99.97%
  • InovanFRsubsidiary
    Equity €10.8mResult -€65,055
    74.99%
  • Negustori EuropeLUsubsidiary
    Equity €93,714Result -€24,548
    73%
  • Yellow SkyROsubsidiary
    Equity -RON 7.4mResult -RON 768,096
    69.5%
  • Beleggingsmaatschappij Job GoudaNLsubsidiary
    Equity USD 36,279Result -USD 44,022
    57.6%
  • Narlikuyu ASTRsubsidiary
    Equity TRY 165.3mResult -TRY 1.8m
    50.5%
  • Dreamworld Investments 537 Ltd.ZA
    Equity -ZAR 5.6mResult -ZAR 25,381
    50%
  • KORTRIJKSE VASTGOEDMAATSCHAPPIJ
    Equity €155,072 Loss of €729 in 2025 (loss of €1,785 in 2024) Checked score 95
    50%
  • Sea Real EstatePL
    Equity PLN 16.5mResult PLN 6.2m
    50%
  • Segunda Casa AdejeES
    Equity €4.7mResult €2.8m
    50%
  • VinlandaBR
    Equity -BRL 6.9mResult -BRL 454,648
    44.37%
  • DE BERG
    Equity €97,159 Loss of €1,128 in 2025 (profit of €14,361 in 2024) Checked score 91
    25%
  • KN DEVELOPMENT
    Equity -€15.3m Profit of €211,300 in 2025 (loss of €474,557 in 2024) Checked score 54
    25%
  • Millstone Residentials SRLRO
    Equity RON 250.1mResult -RON 1.6m
    22.5%+ 0% via subsidiaries
  • FunduleaRO
    Equity -RON 27.6mResult -RON 1.3m
    20%
  • Miix
    Equity €2.5m Loss of €50,671 in 2025 (loss of €9,957 in 2024) Checked score 87
    18%
  • Miix Holding
    Equity €20.7m Profit of €126,262 in 2025 (loss of €47,005 in 2024) Checked score 82
    17.8%+ 1.8% via subsidiaries
  • EUROPE PROMOTIONS
    Equity €85,180Result -€19,639
    13.33%
  • Groenevelt SluisNL
    Equity -€2.5mResult -€20,946
    9.45%+ 13.95% via subsidiaries
  • Centrimo Construct
    Equity €744,477 Loss of €46,363 in 2025 (loss of €13,863 in 2024) Checked score 69
    2%+ 98% via subsidiaries
All subsidiaries, including indirect ones 18

FIVANCO or one of its subsidiaries holds more than half of the shares of these companies. A company it consolidates per the LEI register is listed too.

  • AfidavidRO 100%
  • Bovanco 100%
  • Centrimo 100%3 subsidiaries
  • Centrimo RomaniaRO 100%
  • Grand Acres LPUS 100%
  • INAFZO 100%
  • New PropertiesRO 100%
  • SC POM ServiceRO 100%
  • Scarlet IbisZA 100%
  • CONAFIN 99.97%
  • InovanFR 74.99%
  • Negustori EuropeLU 73%
  • Yellow SkyRO 69.5%
  • Beleggingsmaatschappij Job GoudaNL 57.6%
  • Narlikuyu ASTR 50.5%
Holdings through the years 2007 to 2025
Holdings through the years
Name2007200820092010201120122013201420152016201720182019202020212022202320242025
AfidavidRO 100%
Bovanco 100%
Centrimo 50%100%
Centrimo RomaniaRO 100%
Grand Acres LPUS 100%
INAFZO 99%100%
New PropertiesRO 99.33%100%
SC POM ServiceRO 55%100%
Scarlet IbisZA 100%
CONAFIN 99.97%
InovanFR 22.79%25.26%37.5%58.18%58.93%74.99%
Negustori EuropeLU 14.81%20.63%31.56%52.81%73%
Yellow SkyRO 82%69.5%
Beleggingsmaatschappij Job GoudaNL 11.43%57.4%57%57.6%
Narlikuyu ASTR 50.5%
Dreamworld Investments 537 Ltd.ZA 50%
KORTRIJKSE VASTGOEDMAATSCHAPPIJ 50%
Sea Real EstatePL 50%
Segunda Casa AdejeES 50%
VinlandaBR 38.34%39.58%44%44.37%
DE BERG 25%
KN DEVELOPMENT 25%
Millstone Residentials SRLRO 22.5%
FunduleaRO 20%
Miix 22.5%18%
Miix Holding 22.25%17.8%
EUROPE PROMOTIONS 13.33%
Groenevelt SluisNL 16.48%9.45%
Centrimo Construct 2%
IMMO DEPAVAN 7.34%31.25%35.47%35.9%44.36%50%
HET LANDGOED 50%
YPRESCO 50%
TROISEL 100%
D.V.V.& Co InvestNL 33%
East West InvestmentsZA 33%
Immo PlettZA 33%
Sinfomar MarbellaES 25%
Prospect Village LPUS 21%18.11%
MARTENS-MTD ANTWERPEN 50%40%
Cleaning and Environmental Technology invest 50%38.94%31.5%
Frumusani Holding Ltd.CY 12.6%11.84%
Poznan InvestmentsNL 50%
BEERSE TRADING COMPANY 49%
ThomsenFR 45.81%45.78%
Monts des FlandresFR 33%
The Park At LakelineUS 50%54.46%54%87.46%
ABRAMO 50%
UKRAINIAN REAL ESTATE COMPANY 20%
Domaine de la BlottiéreFR 100%100%
FIVANCO INDUSTRIES 99.99%95.93%99.99%100%
Real Estate Development SRLRO 100%
Domaine de la BlottièreFR 100%
GoknarTR 25%41.5%50.5%
D.V.V. & C° InvestNL 33.33%
Prospect VillageUS 21.43%
Nadarzyn Industrial ParkNL 20%
CREAFUND 13%
Mavan AmenageurFR listed1%
Mavan PromotionFR 1%
IEPERSE BEHEERSMAATSCHAPPIJ 99.97%
ELMOOPL 18.75%
VAGOPAR 99.94%100%
RIVER PARK 64.79%
Catwalk InvestmentZA 35%
MAILLARD'S LINDE 20%
Vinlanda LtdaBR 50%
D.V.V. & C° InvestNL 33.33%
Belegginsmaatschappij Job GoudaNL 11.43%
DUINENWATER 42.5%
CarlylandUS 30%
Hungarian InvestNL 24%
WCIF 11.48%
Cabka Belgium 96.01%
FramoplastFR 71.83%
PachalstaNL 50%
PATRIBEL 50%

Source: list of holdings in its own accounts

Board mandates elsewhere

7 board mandates
Board mandates of FIVANCOFIVANCO sits on their board7
Cleaning and Environmental Technology invest
Director
Founded in 1998 · total assets €21.4m (2025)
COLOMBUS - HTC
Director · 2 locations
Founded in 2001 · 29 FTE (2025) · group Cleaning and Environmental Technology invest
HTC Haven Noord
Director · 2 locations
Founded in 2023 · 9.1 FTE (2025) · group Cleaning and Environmental Technology invest
B.I.G.-Funds
Director
Founded in 2019 · total assets €9.0m (2025)
MARTENS-MTD ANTWERPEN
Director
Founded in 2003 · total assets €5.0m (2025) · group Cleaning and Environmental Technology invest
ECLA
Director
Founded in 1999 · 5.8 FTE (2025) · group Cleaning and Environmental Technology invest
Show 1 more
Europe Promotions
Director, Managing director
No longer active · total assets €136,784 (2024)

Connections & network

4 connected companies
Depth
AHUBO, Shared director AAHUBOJMW Participaties, Shared director JPJMWParticipatiesSTAK JMW Participaties, Shared director SJSTAK JMWParticipatiesUrbanBox, Shared director UUrbanBoxFIVANCO FIVANCO0407.099.793
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
JMW Participaties
via David Charles J. Vanbiervliet · Successor statutory director · deed of 21-09-2023
Founded in 2019 · total assets €29.5m (2025)
→
UrbanBox
via David Charles J. Vanbiervliet · Class C director · deed of 07-06-2023
Founded in 2023 · total assets €15.0m (2025)
→
AHUBO
via David Charles J. Vanbiervliet · Class A director · deed of 24-05-2023
Founded in 2023 · total assets €3.5m (2025)
→
STAK JMW Participaties
via David Charles J. Vanbiervliet · Successor director · deed of 06-11-2024
Founded in 2023
→

We would like to set cookies. That happens only with your consent. What we measure