Billionaire Profile
Pacal Vanhalst & family
Global Rank
#2110

Image: Public domain | via Wikimedia Commons

Pacal Vanhalst & family

CEO, Industrial and agricultural equipment parts
BE
Real-Time Net Worth
$1.7B
As of December 2025
Age
55
Source
Industrial and agricultural equipment parts
Industry
finance-investments
Citizenship
BE

Biography

Pacal Vanhalst, a prominent Belgian entrepreneur, and his family have built a substantial fortune primarily through their involvement in the industrial and agricultural equipment parts sector. His net worth is estimated at $1.7 billion. Vanhalst's career began with his father, Paul Vanhalst, co-founder of TVH Parts. He has achieved significant success through strategic investments and acquisitions, primarily through Quva Invest, his investment vehicle, acquiring companies in the industrial sector. His achievements also include expanding his business interests beyond the original company and his family's active role in various ventures. Vanhalst is known for his discreet approach to business and has expanded his family's involvement in his successful entrepreneurial endeavors.

Wealth Over Time

In-Depth Profile

Early Life

Pascal Vanhalst was born in Waregem, Belgium, on December 26, 1969. He is the son of Paul Vanhalst, who co-founded TVH (Thermote & Vanhalst) with Paul Thermote in 1969. The company initially focused on repairing and reselling used forklift trucks.

Rise to Success

Vanhalst inherited part of the company from his father. The company evolved into a global player in the industrial and agricultural equipment parts sector. Vanhalst's fortune stems from Thermote & Vanhalst, also known as TVH Parts, a supplier of spare parts for industrial and agricultural equipment. He sold his 40% stake in TVH Parts in 2020 for €1.17 billion to D'Ieteren. After the sale, he focused on Quva Invest, his investment holding, expanding his portfolio with several industrial participations. In 2023, he invested in the investment fund Strada Partners and, in 2024, took over Liber Paints through Aalterpaint. Vanhalst is known for his discreet approach to business and prefers to invest in non-listed industrial companies.

Key Business Strategies

Vanhalst's business strategies involve reinvesting a significant portion of his wealth by acquiring European companies through Quva Invest. He focuses on industrial companies and has expanded into various sectors through strategic acquisitions. He has also been involving his children more in his entrepreneurial activities.

Philanthropy

Specific details of Pacal Vanhalst's philanthropic activities were not found in the search results.

Career Milestones

1969

TVH Foundation

Founded by his father Paul Vanhalst with Paul Thermote, focusing on forklift trucks.

2020

Sale of TVH Parts Stake

Sold his 40% stake in TVH Parts for €1.17 billion.

2021

Investment in Abriso-Jiffy

Acquired Abriso-Jiffy, a European leader in insulation and protective packaging materials, through Quva Invest.

2024

Acquisition of Liber Paints

Took over Liber Paints via Aalterpaint.

Philanthropy & Social Impact

Category

REAL initiative

$XB

REAL description

Business Philosophy & Leadership

Notable Quotes

"REAL quote"

Leadership Principles

Discretion

Known for a private approach to business and investments.

Controversies & Challenges

YEAR

REAL controversy

REAL description