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Billionaire Profile
Pacal Vanhalst & family
Global Rank
#2437

Image: Unsplash Contributor | Unsplash License | via Unsplash

Pacal Vanhalst & family

CEO, Industrial and agricultural equipment parts
BELGIUM
Real-Time Net Worth
$1.697B
Estimated based on Industrial and agricultural equipment parts stock value as of April 20, 2026
0% (24h)
Age
56
Source
Industrial and agricultural equipment parts
Industry
Finance & Investments
Citizenship
BELGIUM

Biography

Pacal Vanhalst, a Belgian entrepreneur, and his family have a net worth of $1.7 billion as of March 2026. Their wealth source stems from industrial and agricultural equipment parts, specifically through the company Thermote & Vanhalst (TVH Parts). Vanhalst's career includes inheriting a portion of the company from his father, Paul Vanhalst, who co-founded TVH. Pacal has reinvested significantly, acquiring European companies through his investment vehicle Quva Invest. His achievements include growing TVH into a global player and establishing a diverse portfolio of industrial holdings.

Fact Checked
Verified by Editorial Team
Live Data
Updated 4/20/2026

Wealth Over Time

In-Depth Profile

Early Life

Pascal Vanhalst was born on December 26, 1969, in Waregem, Belgium. He is the son of Paul Vanhalst, who, along with Paul Thermote, founded Thermote & Vanhalst (TVH) in 1969.

Rise to Success

Vanhalst's career is closely tied to TVH, a supplier of spare parts for industrial and agricultural equipment. He inherited a portion of the company from his father. Under Pascal's leadership, TVH grew into a significant global player with approximately 7,000 employees. In 2020, the company split into TVH Parts, TVH Equipment, and Mateco. Vanhalst sold his 40% stake in TVH Parts to D'Ieteren Group for approximately €1.17 billion.

Key Business Strategies

Vanhalst's business strategy involves reinvesting wealth through his investment vehicle, Quva Invest. Through Quva, Vanhalst has acquired several European companies. In 2021, Vanhalst, along with real estate groups, also acquired the Arsenaalsite in Ghent. In 2022, he became the majority shareholder of the wine trading company Crombé Wines.

Philanthropy

Specific details on Pacal Vanhalst's philanthropic endeavors were not found in the search results.

Career Milestones

1969

Co-founded TVH

Co-founded Thermote & Vanhalst (TVH) with his father, Paul Vanhalst.

2020

Sold TVH Parts Stake

Sold his stake in TVH Parts to D'Ieteren Group.

2021

Acquired companies

Acquired the packaging company Abriso-Jiffy and the Arsenaalsite in Ghent.

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