Billionaire Profile
Pacal Vanhalst & family
Global Rank
#2335

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Pacal Vanhalst & family

CEO, Industrial and agricultural equipment parts
BELGIUM
Real-Time Net Worth
$1.672B
Estimated based on Industrial and agricultural equipment parts stock value as of March 6, 2026
0% (24h)
Age
56
Source
Industrial and agricultural equipment parts
Industry
Finance & Investments
Citizenship
BELGIUM

Biography

Pascal Vanhalst is a prominent figure in the Belgian industrial and agricultural equipment sector, with a net worth of $1.7 billion. His wealth originates from his involvement in Thermote & Vanhalst (TVH), a global leader in spare parts for industrial and agricultural equipment. Vanhalst, through his investment company Quva Invest, has diversified his investments and is known for his hands-on management style and technical expertise. His career has seen him transition from co-ownership of TVH to independent ventures, including Mateco, a rental company for aerial work platforms and other industrial companies. In 2020, TVH had a consolidated turnover of more than €1.7 billion.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

Pascal Vanhalst's entrepreneurial journey began in the family business. He is the son of Paul Vanhalst, who co-founded Thermote & Vanhalst (TVH) in 1969. TVH started as a company repairing and reselling used forklift trucks.

Rise to Success

TVH grew into a global player in the spare parts market for industrial and agricultural equipment. In 2020, the group split into TVH Parts, TVH Equipment, and Mateco. Vanhalst, along with his family, maintained involvement and ownership in the evolving ventures. He sold his 40% stake in TVH Parts to D'Ieteren. Vanhalst also took control of the Mateco division focused on rental of aerial work platforms. He then reinvested in several European companies through his investment vehicle Quva Invest.

Key Business Strategies

Vanhalst has focused on strategic investments through Quva Invest. The split from TVH allowed him to build a more focused business and make fast decisions. He has acquired several European companies, including Abriso-Jiffy, a European producer of insulation material and protective packaging. Vanhalst has focused on industrial companies outside the stock market, highlighting a strategy of long-term value creation. He is known for his hands-on management style and deep technical industry knowledge.

Philanthropy

Information on Pascal Vanhalst's specific philanthropic endeavors is unavailable in the search results.

Career Milestones

1969

TVH Founding

TVH was founded by Paul Thermote and Paul Vanhalst, starting with the repair and resale of used forklift trucks.

2020

TVH Split

TVH group split into TVH Parts, TVH Equipment, and Mateco Holding.

2020

Sold Share in TVH Parts

Pascal Vanhalst sold his 40% share in TVH Parts to D'Ieteren.

2021

Quva Invest

Vanhalst established Quva Invest and acquired several European companies including Abriso-Jiffy.

Philanthropy & Social Impact

Category

REAL initiative

$XB

REAL description

Business Philosophy & Leadership

Notable Quotes

"REAL quote"

Leadership Principles

Hands-on Management

Vanhalst is known for his hands-on approach to management and a deep technical knowledge of the industrial equipment industry.

Controversies & Challenges

YEAR

REAL controversy

REAL description