In 2022, contractors and developers like us have struggled to navigate the challenging mix of high inflation, steep interest rate hikes, and decelerating growth. Undeniably, we have not been spared but our diversification strategy has proved again its relevance as we end the year with a record order book and improved profitability.
Johan Beerlandt
Executive Vice-Chairman
Turning to 2023, we stay selective and only engage in projects with well-balanced risks and healthy margins. We focus on expansion in areas and sectors where we have a solid track record and added-value potential. At the same time, we keep investing in sectors where we already have a presence, like real estate, concessions, regional and specialised activities.
Pierre Sironval
CEO
Message from the CEO of BESIX Group
Dear Readers,
In 2019, BESIX Group and its entities began, continued or completed hundreds of construction projects, on five continents. The multiple achievements presented in the pages of this Activity Report are representative examples of them. The Group’s 14,000 employees have once again demonstrated their talent, passion and intelligence, showing to our clients and partners the reliability of our group and the excellence which is our main purpose. I would like to congratulate them and thank them with all my heart.
More than ever, BESIX Group will need their qualities and their dedication in the months to come. In March 2020, many worksites were halted or slowed down due to the coronavirus pandemic which has spread around the world. Our first priority has been the health of our employees, their families and their respective communities, as well as actively participating in the various initiatives taken by the states in which we are present.
The second priority is the actions we are taking inside BESIX Group in order to pass through the difficult economic conditions that will follow this pandemic. Inevitably, the financial results for 2020 will suffer.
We are nonetheless confident in our group’s ability to overcome the difficulties and challenges that this crisis imposes. In addition to its employees, BESIX Group can rely on its clear strategy, its sense of entrepreneurship, as well as its financial health and operational expertise.
After four consecutive years of growth, BESIX Group closed 2019 with a record turnover of €3.3 billion and an order book of €4.8 billion, also a record. On the other hand, the consolidated net profit, at €42.2 million, is significantly lower than was forecast. Our net cash position is increasing again and our solvency ratio has been above the industry average for many years.
This financial solidity, combined with the first-rate expertise we have developed in recent years in future-oriented sectors, will help us to face the upcoming headwinds.
This forward-looking approach is demonstrated by the cutting-edge infrastructures – road, marine, airport and rail, as well as water and waste treatment – built by BESIX Group in 2019, some of which we also designed and financed, and for which we will provide operations and maintenance for decades.
This year we have also designed, built and developed high-quality buildings of various types, housing and offices in particular, as well as sports and logistics facilities. To these achievements we must also add the many specialist trades in the group’s subsidiaries, some of which contributed significantly to our result.
The pages of this activity report give a clear overview of our achievements both in our core business, that is to say construction, and in our two other major activities, real estate development and concessions. Real estate development continues to perform well with record turnover in 2019, while the concessions activity has achieved good results, particularly in the Middle East.
We hope you enjoy discovering them through the following chapters.
Another specificity that makes our group stands out in the sector, is our internal Engineering department. It is also thanks to these in-house experts that we are able, today, to meet the expectations of our clients, offering them unique Value Engineering solutions and undertaking projects of unprecedented scale and complexity.
BESIX Group’s investments in innovation are also starting to bear fruit. In 2019, we started our 3D concrete printing activities, experimented with promising new technologies on our sites, and achieved strong performance in terms of sustainability and circularity, especially in the building sector. We have constructed energy-neutral infrastructure and a new generation smart building, to which are added several promising research programmes in which we participate.
Our strong operational skills coupled to our decade-long investment in new knowledge constitute a pledge of the future. Even if it will be difficult, BESIX Group is today equipped to overcome the economic consequences of the coronavirus crisis, and then to continue to grow. We will achieve this by retaining, at the centre of our actions, the values of our group – excellence, passion, unity, co-creation and respect – and by being faithful to our purpose: «Excel in creating sustainable solutions for a better world.»
Thank you for your interest in BESIX Group and in the extraordinary projects that we are carrying out in collaboration with our clients and many partners.
Happy reading,
Johan Beerlandt
Executive Vice-Chairman
Message from the Chairman of BESIX Group
Dear Readers,
In 2019, BESIX Group celebrated its 110th anniversary.
During these eleven decades, BESIX and its entities have provided Europe, and in particular the Benelux, with state-of-the-art buildings and infrastructure. Many a time we have stood at the forefront of progress in our business sectors. In the Middle East, through our subsidiary Six Construct, we have been actively contributing to the spectacular development of the Arabian Peninsula, as early as 1965, when only few companies were keen on venturing in this region of the world. From Australia to Africa, we have built the reputation and quality brand of BESIX and its subsidiaries.
We have always been curious to experiment, to dare and to be innovative; often having the courage to do what no one else had ever done before us. The world’s tallest skyscraper, harbours or quay walls in hardly-accessible remote locations, a stadium within a limited schedule like never done before. Finally, in all circumstances, we have made sure that our projects are responding to the expectations of our clients. The year 2019 again provides multiple examples, as evidenced in this Activity Report.
Throughout its history, BESIX Group has experienced many crises, economic troubles and wars. The strength of BESIX has always been, not only to overcome them, but above all to transform them into opportunities. For instance, today we are recognised worldwide as one of the most performant companies in the maritime sector. BESIX acquired this expertise immediately after World War I, by committing to rebuild Belgium’s ruined canals and locks, to build new ones and carry out the largest infrastructure projects in the country.
The same goes for the period from World War II to the first Gulf War, and from the economic crisis of 1929 to the one of 2008. BESIX Group has always bounced back.
Again, at the start of 2020, we have entered a new time of crisis. Its origin this time is public health-related and it will undoubtedly have deep economic consequences. The coming months will be challenging and for BESIX it will certainly be no exception. However, the Board of Directors and I remain confident. Because if there has been one constant in the history of BESIX Group, it is that of having always employed the most talented, intelligent staff and workers, who are always keen to take up the challenge and explore new paths. It is they who, over the decades, have enabled our group to dare and excel. In 2020, from senior management to workers, BESIX Group can count on the best and I have tremendous confidence in them. Together, we will not only survive this crisis, but will transform it, I am convinced, into new opportunities.
Pierre Sironval
CEO
January 2022
See all January milestonesBESIX-Six Construct delivers the Infinity Bridge to Dubai’s Road & Transport Authority. Its 42-metre steel arch represents the symbol of infinity, while the 12-lane, 295-metre-long bridge connects the districts of Al Shindagha and Al Ras, over the Dubai bay (UAE).
February 2022
See all February milestonesBESIX begins building ‘Triangle’, a 180-metre-tall tower set to be the third tallest in central Paris and designed to comply with the BREEAM ‘Excellent’ and HQE Exceptional environmental certifications (France).
March 2022
See all March milestonesBESIX RED and AG Real Estate complete the sale of the emblematic and sustainable office project ICÔNE to AG Insurance in Belval (Luxembourg).
April 2022
See all April milestonesThe Sludge-to-Energy plant designed and built by BESIX-Six Construct in Ajman starts generating electricity. This plant transforms sewage sludge into biogas and then renewable energy – a first for the region (UAE).
June 2022
See all June milestonesThe King Albert II Institute, which BESIX’s affiliate Wust is building in Brussels, is inaugurated in the presence of King Albert II himself, former King of the Belgians and father of the current King Philippe (Belgium).
July 2022
See all July milestonesSluishuis, the iconic landmark in Amsterdam, is delivered after four years of construction. With its famous cantilever-shaped silhouette, this striking building developed by BESIX RED and built by BESIX is already an icon in the city’s skyline (The Netherlands).
August 2022
See all August milestonesCargo vessels start using the wharf built by the BESIX-Vancouver Pile Driving joint venture in Kitimat (Canada).
September 2022
See all September milestonesThe navigation channel through the Vistula Spit peninsula is officially opened, marking the end of the project for BESIX and joint venture partner Grupa NDI (Poland).
October 2022
See all October milestonesThe Sanaga River is successfully diverted on the Nachtigal hydroelectric project before the start of the rain season (Cameroon).
November 2022
See all November milestonesWorld premiere for building site equipment: BESIX successfully operates an electric crawler crane for 10 working hours, unplugged, on the A16 ‘De Groene Boog’ project site (The Netherlands).
December 2022
See all December milestonesBESIX Watpac breaks ground on the Garden Drive Microsoft Data Centre. Located in Tullamarine, the Garden Drive Microsoft Data Centre is one of three new-generation data centres currently under construction in Melbourne, designed to meet the growing digital demands of Australian communities (Australia).
January 2022
05-01 BESIX-Six Construct teams working on the Dubai Uptown Tower top out at 329 metres. With the steel crown complete, the final height of the tower will be 340 metres (UAE).
15-01 Project Finance International, which is at the forefront of project finance reporting for industry, names Dubai Waste-to-Energy the Deal of the Year 2021 in the Middle East and Africa.
17-01 BESIX-Six Construct delivers the Infinity Bridge to Dubai’s Road & Transport Authority. Its 42-metre steel arch represents the symbol of infinity, while the 12-lane, 295-metre-long bridge connects the districts of Al Shindagha and Al Ras, over the Dubai bay (UAE).
17-01 The Top Employer Institute awards BESIX Group the certification of Belgian Top Employer for the fourth time in a row. Each year, the organisation certifies companies worldwide where working conditions are outstanding and where equity and inclusion are a reality in the company’s culture.
22-01 BESIX lifts and installs the last part of the metal structure of the Abidjan Exhibition Centre’s façade (Ivory Coast).
28-01 BESIX-Six Construct delivers the Dubai Deep Tunnel Storm Water System. This 10-km-long, 11-metre-diameter tunnel, buried up to forty-five metres below the ground, drains 40 % of Dubai’s urban area (UAE).
February 2022
09-02 BESIX begins building ‘Triangle’, a 180-metre-tall tower set to be the third tallest in central Paris, and designed to comply with the BREEAM ‘Excellent’ and HQE Exceptional environmental certifications (France).
14-02 BESIX Watpac’s teams in Sydney deliver the underground platforms for the Barangaroo metro station three weeks ahead of schedule (Australia).
15-02 Belgian consortium Hyoffwind signs an agreement with John Cockerill and BESIX to design and build a pioneering green hydrogen production unit in Zeebrugge (Belgium).
18-02 BESIX Group unites all colleagues through BESIX Radio. It connects over 2,000 people, with many colleagues taking part either in studio or remotely.
28-02 BESIX and its partners officially complete the renovation of the Annie Cordy Tunnel (former Leopold II Tunnel) for Brussels Mobility. Measuring 2,600 metres, it is the longest tunnel in the country, and a major strategic axis through which more than 60,000 vehicles pass every day. The renovation operations are now followed by a 25-year maintenance period (Belgium).
March 2022
10-03 BESIX RED and AG Real Estate complete the sale of the emblematic and sustainable office project ICÔNE to AG Insurance in Belval (Luxembourg).
15-03 BESIX Group affiliate Van den Berg and Agidens Infra Automation join forces and rebrand as BESIX Unitec, acting as the leading technology partner in the infrastructure market (Belgium).
16-03 UCB, the Brussels-based global biopharmaceutical company, awards BESIX the contract to build its new facilities, including cutting-edge laboratories and R&D facilities, production areas, and office spaces (Belgium).
28-03 On the initiative of PFO Africa, the designer and builder of the project, BESIX participates in the development of the Abobo Town Hall roundabout in Abidjan, significantly improving access to the city. The contract awarded to BESIX includes civil works for the construction of a 560-metre-long tunnel (Ivory Coast).
29-03 BESIX Watpac completes construction of Jubilee Place in Brisbane, which will house the company’s offices. This building and its impressive architecture attest to the company’s operational and engineering capacity (Australia).
April 2022
08-04 BESIX delivers the first phase of the new sustainable Paradis Express district in Liège to its client Befimmo, comprising three office and co-living blocks. BESIX and Wust continue to build four additional residential buildings for Matexi (Belgium).
14-04 The Sludge-to-Energy plant designed and built by BESIX-Six Con- struct in Ajman starts generating electricity. This plant transforms sewage sludge into biogas, and then renewable energy – a first for the region (UAE).
June 2022
07-06 BESIX delivers the third and last building of the Nice Airport Promenade complex in the new business district of Nice (France).
13-06 The BESIX-Indaver consortium is awarded the contract for the design, construction, financing, and maintenance of a sewage sludge processing installation until 2046, by water treatment company Aquafin. The installation will recover energy and raw materials from the wastewater of four million Belgian citizens in Flanders (Belgium).
15-06 The King Albert II Institute, which BESIX’s affiliate Wust is building in Brussels, is inaugurated in the presence of King Albert II himself – former King of the Belgians, and father of the current King Philippe (Belgium).
25-06 A new 800-tonne steel bridge across the Brussels Ring Road at Ave. Henneau is installed (Belgium).
27-06 One million Belgian homes are connected to fibre optics, the highspeed technology for ultra-fast internet. BESIX Unitec is one of the contractors in charge of the infrastructure and connection works.
29-06 Affiliate Wust and its partner deliver a new grandstand for the Spa-Francorchamps circuit, which hosts the annual Formula 1 Grand Prix (Belgium).
July 2022
05-07 BESIX and Plenary Group achieve the financial close of the Zayed City Schools, the first PPP in school infrastructure in the country. It covers the financing, design, procurement, construction, commissioning, and 20 years of operations and maintenance of three new state-of-the-art school campuses (UAE).
07-07 BESIX and BESIX Infra, their client Infrabel, and partner TUC Rail inaugurate the new infrastructure that replaces all seven railway crossings in Diepenbeek, including a new underpass at the train station, three bridges, the raising and lengthening of train station platforms, and various roadworks (Belgium).
12-07 The Dubai Waste-to-Energy project celebrates 5 million man-hours without lost-time incident (UAE).
14-07 BESIX Group publishes the book ‘Together’, where 100 colleagues share their unique perspectives and experiences of Diversity & Inclusion.
14-07 Sluishuis, the iconic landmark in Amsterdam, is delivered after four years of construction. With its famous cantilever-shaped silhouette, this striking building developed by BESIX RED and built by BESIX is already an icon in the city’s skyline (The Netherlands).
14-07 The first gigantic screw of the new Royers pumping station in Antwerp is installed (Belgium).
18-07 Christchurch City Council officially endorses the design and con- struct contract for the Te Kaha stadium to BESIX Watpac, as lead contractor in the Kōtui consortium to deliver the stadium (New Zealand).
29-07 With the installation of the last steel beam, the Mohammed VI Tower reaches its highest point of 250 metres (Morocco).
August 2022
01-08 The new Neuilly-sur-Seine clinic receives a favourable notice for the opening of the hospital structure, paving the way for its final delivery (France).
11-08 Cargo vessels start using the wharf built by the BESIX-Vancouver Pile Driving joint venture in Kitimat (Canada).
26-08 Affiliate Socogetra celebrates the opening of its renovated concrete plant in Fernelmont (Belgium).
September 2022
01-09 Affiliate Vanhout delivers the Louise Marie residences, the new Antwerp landmark with stunning glass features (Belgium).
02-09 Vejdirektoratet, the Danish Road Directorate, chooses BESIX and MT Højgaard Denmark to build the Nordhavn Tunnel in Copenhagen. This technically complex contract includes the design and construction of a 1.4-kilometre cut-and-cover road tunnel from Svanevænget across the Svanemøllehavn harbour and out to Nordhavn. Part of it will run under water for 700 metres.
09-09 BESIX RED contributes to a fundraising round for Square Sense, the leading PropTech platform that improves the energy and financial performance as well as the tenant satisfaction of real estate portfolios.
17-09 The navigation channel through the Vistula Spit peninsula is officially opened, marking the end of the project for BESIX and joint venture partner Grupa NDI (Poland).
20-09 BESIX reaches a major mile- stone in the State Road 318 project. The four fronts of excavation of the two tunnels (two fronts per tunnel) are completed (Italy).
22-09 The 4th BESIX Group CleanUp Day takes place around the globe.
24-09 Egypt’s Prime Minister, H.E. Dr. Mostafa Madbouly, visits the Grand Egyptian Museum to oversee the tremendous progress made, including the completion of the conference centre, the Solar Boat building, the entrance courtyard, the already world-famous grand staircase, and the King Tut devoted ground floor.
October 2022
05-10 The Dubai Chamber of Com- merce and Industry awards the Dubai Chamber CSR Label to Six Construct, BESIX’s subsidiary in the Middle East, for the tenth consecutive time (UAE).
19-10 With a level 5 certification on the CO2 performance ladder, BESIX Europe and 11 subsidiaries of BESIX Group demonstrate their concrete commitment to decrease their CO2 emissions and fight climate change.
21-10 The Sanaga River is successfully diverted on the Nachtigal hydroelectric project, before the start of the rain season (Cameroon).
24-10 The official opening of the Hornsby Hospital Stage 2 Redevelopment takes place in attendance of the State Treasurer and Health Minister (Australia).
24-10 Portonave, a subsidiary of Terminal Investment Limited and one of the world’s largest container terminal operators, awards BESIX and Empresa Construtora Brasil an EPC contract for a series of marine works to improve the existing port infrastructure in the Port of Navegantes (Brazil).
30-10 The Dubai Uptown Tower team has recorded 20 million safe man-hours without lost-time injury since the project began in January 2019 (UAE).
November 2022
15-11 World premiere for building site equipment: BESIX successfully operates an electric crawler crane for 10 working hours, unplugged, on the A16 project site (The Netherlands).
18-11 Rijkswaterstaat awards the reconstruction of the De Nieuwe Meer highway intersection in Amsterdam to the consortium consisting of BESIX, Dura Vermeer, and Heijmans (The Netherlands).
December 2022
9-12 BESIX Watpac breaks ground on the Garden Drive Microsoft Data Centre. Located in Tullamarine, the Garden Drive Microsoft Data Centre is one of three new-generation data centres currently under construction in Melbourne, designed to meet the growing digital demands of Australian communities (Australia).
12-12 BESIX is awarded a gold medal by EcoVadis, which analyses environmental, labour and human rights, ethics, and sustainable procurement performance of businesses around the world.
14-12 BESIX RED and Immobel announce the closing of the sale of the Cours Saint-Michel site in Brussels to the United States Government. The strategically located project will allow the U.S. Embassy to the Kingdom of Belgium and the U.S. Mission to the European Union to consolidate its diplomatic representations in Brussels in a secure, sustainable, and modern workplace (Belgium).
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Value Engineering
BESIX Engineering is the exclusive in-house design office of BESIX Group. It enables BESIX Group to offer its clients tailor-made solutions and optimisation for their projects, whilst also maintaining a strong reactive business model. Over the years, thanks to the active contribution of BESIX Engineering, BESIX Group has conceived and constructed first-class port terminals, cutting-edge civil engineering works, and complex high-rise buildings. Read more
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Innovative and Sustainable Technologies
BESIX has always had a culture of promoting and adopting innovative technologies and techniques, positioning itself at the forefront of the construction industry. This has enabled BESIX to develop and integrate new competencies within its technical and engineering teams, particularly in areas such as asset management, offsite construction, digitisation, energy efficiency, circularity, and sustainability. Read more
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People
Attracting and retaining the best people is the key to success. How can an employer like BESIX Group, spread over continents and cultures, stand out from the crowd? By creating a nurturing and caring environment where everyone has the opportunity to grow and excel. Read more
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Fair Labour Standards
Together with unions, local authorities and international organisations, BESIX Group has set a precedent in respecting and promoting fair labour practices in the Middle East, a commitment that is now widely acknowledged, by foreign states, international institutions, and non-governmental organisations. Read more
Meeting tomorrow’s challenges
Meeting tomorrow’s challenges
Purpose
Excel in creating sustainable solutions for a better world.
Mission
Thrive as a sustainable and highly integrated full-ser- vice provider, with construction at its heart, by offering its clients, in the various markets it operates, value-adding and pioneering solutions and by excelling in delivery, thanks to all group capabilities and trusted partnerships.
Strategic framework
BESIX is a people-first organisation that values unity, improved governance, and a lean organisational structure. As a contractor at heart, BESIX has successfully diversified in the past into exciting new ventures such as Real Estate, Concessions, Operations & Maintenance – and continues to do so. With a focus on sustainability and innovation, the group is always on the lookout for new diversifications that align with its core competencies.
Strengths, Corporate Values & Behaviours
Strengths
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01 Committed staff membersAt BESIX, employees are more than just a team – they are a community of passionate professionals united by a strong culture of excellence. With a deep sense of commitment, responsibility, and an insatiable appetite for challenge, BESIX employees deliver exceptional results for their customers, both as a team and as individuals. What sets BESIX teams apart is their unwavering entrepreneurial vibe, which drives everything they do. From start to finish, they put their heart and soul into every project, ensuring that clients receive the very best. -
02 In-house engineeringThe BESIX in-house design office is what sets the group apart from the competition. The in-house office leverages its technical expertise, vast experience, and innovative solutions to support clients in developing and executing their most complex infrastructure and sustainable projects. The in-house design office is committed to offering global solutions with exceptional added value from the initial tendering phase, to planning phase, to project completion. Its experts work tirelessly to deliver results that exceed expectations, deliver true value to clients, and build a sustainable future. -
03 One-stop shop over the value chainBESIX is a full-fledged services company that operates on the whole value chain. While construction is still its core business, the group’s Concessions & Assets, Real Estate Development, and Specialised activities have grown steadily. BESIX can rely on a vast and diversified expertise to take on projects from financing to design and construction to long-term maintenance. Through leveraging this diversified expertise, business lines are able to offer bespoke one-stop shop solutions that are tailored to meet the unique needs of their clients, while also remaining their primary point of contact throughout the entire process. -
04 A targeted and sustainable international presenceBESIX Group has opted for a deliberate and sustainable strategy with a focus on establishing a strong international presence on five continents, in addition to its already extensive coverage in Belgium. By pursuing opportunities that align with its risk management requirements, the company is able to diversify its operations while maintaining a long-term perspective in these various geographical areas.
Corporate Values
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Unity This value underscores the significance of cultivating a sense of unity and cooperation among all employees. It urges colleagues to collaborate towards a common objective, supporting each other in reaching that goal. By fostering an inclusive culture and mutual respect, employees are encouraged to embrace unity and work together for shared success. -
Passion This value ignites a drive for employees to dare and accomplish great, sometimes unprecedented, feats. It nurtures an environment of enthusiasm and commitment, motivating staff members to take pride in their work and pursue excellence in all endeavours. Additionally, it cultivates inspiration and motivation, propelling innovation and progress within the group. -
Respect With over 86 nationalities and a diverse workforce, BESIX Group values and respects the contributions of each individual. This core value emphasises the importance of acting with integrity and professionalism consistently, showcasing a strong commitment to ethical conduct and responsible business practices. -
Co-creation BESIX Group boasts colleagues with exceptional expertise in their respective fields. By sharing and combining this knowledge, remarkable solutions are devised for clients’ projects, as evidenced by BESIX’s global accomplishments. This value encourages a culture of collaboration, illustrating that, in terms of expertise, one plus one amounts to much more than two! -
Excellence BESIX’s success stems from its teams’ expertise and their unwavering pursuit of quality, performance, and client satisfaction. Cultivating and transferring this level of excellence is the essence of interpersonal connections within the group. It serves as the foundation for intergenerational unity and a prerequisite for nurturing and developing talent.
Behaviours
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Be Inclusive Inclusion is a core principle, intrinsically tied to the value of respect. It guarantees fairness, equal opportunities, and an open-minded approach towards all colleagues, regardless of their backgrounds, beliefs, or lifestyles. -
Eagerness BESIX’s long-term success in its industry and beyond hinges on its eagerness to seek innovative ways of increasing efficiency and embracing new ventures and business opportunities. -
Take Ownership Employees are empowered to take action, encouraged to assume responsibility, and utilise their talents to their full potential. This is directly connected to the entrepreneurial spirit that underpins BESIX’s century-long spirit. -
Trust In line with its entrepreneurial nature, the group’s business units and entities maintain a high degree of autonomy and employees enjoy substantial empowerment. Trust is a fundamental aspect of BESIX’s operations, acting as an extension of respect and achievable through well-defined expectations and objectives. -
Engaged Teams Every BESIX employee is part of a team, with clear shared and individual objectives, and has opportunities to grow according to their potential and personal motivations. Training, progression, and internal mobility are available to all and highly encouraged. -
Resolve Together United by a strong entrepreneurial spirit, BESIX’s team members are known for their unwavering commitment to providing solutions, utilising the remarkable internal resources at their disposal. Both collectively and individually, they draw upon their successes and learn from setbacks, harnessing these experiences to achieve outstanding outcomes for their clients.
Value Creation Model
Macro trends
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Technological evolution
Digitalisation, artificial intelligence, parametric design, smart building, etc.
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Environmental emergency
Energy efficiency, energy transition, circularity of materials, etc.
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Competitive landscape
Risk sharing, stressed supply chain, skilled labour shortage, building material price hikes, etc.
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Demographic growth and urban densification
Growing demand for affordable housing, modular construction, etc.
Stakeholders
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Clients, partners, subcontractors, and suppliers
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Institutions and regulatory bodies
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Employees, future hires, academics, and students
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Investors, shareholders, and financial institutions
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Social partners, unions, and employee representatives
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Environmental and societal actors, NGOs, federations, and think tanks
Resources
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Human and intellectual capital
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12,063 employees
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BESIX Academy devoted to internal training
- 100
% of staff members have access to training
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Industrial capital
- More
than 1,000 project sites in 25+ countries
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Several industrial sites (steel and rebar workshops, quarries, asphalt and
ready-mix concrete plants, bitumen production plants)
- 300
million euros worth of equipment and machinery to cater to complex marine
and infrastructure works
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Real estate capital
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Portfolio of 3.9 billion euros in market value
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Totalling 1+ million m² under development
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Procurement capital
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Majority of suppliers signatories of the Code of Conduct for Responsible &
Sustainable
Procurement
- 2+
billion euros procured annually at Group level
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40,000+ suppliers across the globe
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Financial capital
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Stable shareholding structure based on a historical reference shareholder
base
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Social & environmental capital
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Leading the way in certification and labels
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Level 5 on the CO₂ ladder for BESIX Europe and 11 affiliates or subsidiaries
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EcoVadis Gold Medal
- ISO
9001:2015, ISO 14001:2015, ISO 19650-2: 2018 and ISO 45001: 2018
- IOSH
Managing Safety and Working Safely Licence
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International Framework Agreement on Fair Labour Standards
Value Creation
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Human and intellectual value
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1,000 recruitments in 2022
- Top
Employer in Belgium for 4th year in a row
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Environmentally responsible projects
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BESIX’s sustainability experts accompany the design, procurement, and
execution
of
assets to
achieve certification levels such as BREEAM, LEED, Passive Buildings, etc.
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BESIX is building one of the largest hybrid-timber office buildings in the
world
in
The
Netherlands
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BESIX is progressively electrifying its fleet; in 2022 an electric crawler
crane
has
worked
unplugged for 10 hours on end without intermediate charging on an infrastructure
project
in
The Netherlands
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Financial contribution
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3,338 million euros of revenues
- 40
million euros of net result
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5,259 million euros in order book
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Innovation
- 7
ongoing partnerships with start-ups in current PropTech portfolio
- Will
secure participation in a European PropTech VC fund by summer 2023
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Several academic partnerships with leading universities
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BESIX Foundation
- 360
solidarity projects funded in 13 years
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13,000+ volunteers involved over the last decade
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Projects mainly funded in Belgium and Africa
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Projects funded around construction, education, and environment
Sustainability & ESG
Sustainability & ESG
BESIX Group recognises the importance of sustainability and its social and environmental impact on its stakeholders, including clients and employees, and the communities in which it operates. The Group is committed to demonstrating its Sustainability & ESG approach by engaging with its stakeholders, providing clear information on its sustainability efforts, and integrating sustainability into its group processes.
Read more
- All
- Buildings
- Infrastructure
- Marine works
- Industry & Logistics
- Environment
- Concessions & Assets
- Real Estate
Australian Catholic University Saint Teresa of Kolkata Building (Australia)
The Australian Catholic University’s (ACU) state-of-the-art Fitzroy campus breathes new life into tertiary education. Be it through its innovative technological features or the unmissable façade inscriptions, this 12-storey tower will offer a divine environment to its students and staff alike.
Read the full storyAtlantis The Royal (UAE)
In early 2023, the much-anticipated Atlantis The Royal resort was delivered to the client, Atlantis the Palm 2 LLC. This extraordinary project of almost 400,000 m² is one of Dubai’s most unique buildings, both in terms of its architecture and the quality and sophistication of its interior design. From the first day to the last, it has been a particularly demanding project, which BESIX Group’s subsidiary Six Construct and its South Korean partner Ssangyong brilliantly carried out.
Read the full storyMediavaert (The Netherlands)
The media heart of the Netherlands is soon to beat in one of the largest hybrid-timber office buildings in the world. An incredible feat in terms of sustainability and innovation.
Read the full storyDeloitte University EMEA (France)
On behalf of Nexity, BESIX France and its partner Dalkia Smart Building are completing the construction of the new Deloitte University EMEA, located about thirty kilometres to the East of Paris and at a stone’s throw from the Disneyland Paris theme park. This project is extremely ambitious in terms of energy performance and biodiversity and has been designed to obtain five top-class environmental certifications, among which the ‘Biodiversity Excellent’ and ‘BREEAM Excellent’ validations.
Read the full storyAbidjan Exhibition Centre (Ivory Coast)
Strategically located next to the Ivory Coast’s Félix Houphouët Boigny International Airport, the new Exhibition Centre in Abidjan is set to host its first visitors in the second quarter of 2023. BESIX was commissioned by PFO Africa, the leading construction company in Ivory Coast, and started works in 2021. BESIX’s participation includes the design, manufacture, transport, and installation of a three-dimensional 37-metre-high metal structure. BESIX has also carried out the concrete shell and the installation of the roof.
Read the full storyZayed National Museum (UAE)
The Zayed National Museum is being developed by the Abu Dhabi Tourism and Culture Authority and is a tribute to the country’s founding father, Sheikh Zayed bin Sultan Al Nahyan. It will showcase the life and legacy of Sheikh Zayed and the history of the United Arab Emirates. The museum will illustrate the cultural, social, and political transformation of the country over the past several decades.
Read the full storyOosterweel junction (Belgium)
What started out as an idea to reorganise the Antwerp Ring Road with a viaduct, has transformed over the years from an infrastructure project to a mobility project, to a quality-of-life project. The Oosterweel project will make Antwerp an accessible, healthy and above all liveable city. BESIX Group is enormously proud to help build this site of the future.
Read the full storySydney Metro Barangaroo Station (Australia)
Located in the heart of Sydney, Sydney Metro Barangaroo Station will be one of the flagship destinations of the city’s new metro line and is part of Australia’s biggest public transport project. BESIX Watpac is responsible for the construction, fit-out and testing and commissioning of the new underground station including the platforms, lifts and escalators, the northern entrance and public domain works.
Read the full storyA16 De Groene Boog (The Netherlands)
In northern Rotterdam, BESIX is participating in the A16 project as part of the ‘De Groene Boog’ consortium. It includes connecting the existing A16 and A13 by constructing a new motorway. This new 11-kilometre-long A16 will be the world’s first energy-neutral motorway with a tunnel and will significantly improve the accessibility of Rotterdam. Sustainable, innovative and a perfect fit in the environment, that’s what A16 is about.
Read the full storyRail Baltica (Latvia)
Rail Baltica is a significant infrastructure project that aims to develop a high-speed rail network linking the Baltic States of Estonia, Latvia, and Lithuania with the European Union for both passenger and freight transportation purposes. The Rail Baltica project entails the construction of an 870-kilometre-long railway line that will run from Tallinn in Estonia through Riga in Latvia to Kaunas in Lithuania. It will then connect with the existing European rail network.
Read the full storyRas Laffan Construction and Rehabilitation Packages (UAE)
BESIX Middle East via MIC Construct is conducting important marine works in the world’s largest LNG operations centre located in Ras Laffan Petrochemical Industrial City, about 80 kilometres from Doha, Qatar. As a company with extensive expertise in constructing near-shore facilities and port installations, MIC Construct has been selected to carry out the construction of four LNG loading berths and repairs on five dolphins at the Port of Ras Laffan.
Read the full storyBanksia (Australia)
BESIX Watpac commenced construction works in 2022 following an extensive Early Contractor Involvement phase. Once complete, Project Banksia will deliver a state-of-the-art facility that uses innovative cell-based technology to produce influenza vaccines for use in both influenza pandemics and seasonal vaccination programmes. This centre represents a renewed commitment towards public health in the wake of the Covid-19 pandemic.
Read the full storyMamer wastewater treatment plant (Grand Duchy of Luxembourg)
BESIX Environment and LuxTP are currently modernising the electromechanical installations of the Mamer wastewater treatment plant. By implementing modern technologies, the plant’s capacity and efficiency are significantly improved. In addition, a biogas production unit is installed that will produce green electricity and heat from the plant’s sewage sludge.
Read the full storyAjman Sludge-to-Energy (UAE)
In the spring of 2022, BESIX Middle East‘s flagship Sludge-to-Energy project in the Emirate of Ajman has successfully passed performance and reliability tests. Designed and built by BESIX Middle East for Ajman Sewerage (Private) Company Limited (ASPCL), the facility transforms what was previously considered a waste stream - sewage sludge - into a valuable source of sustainable energy.
Read the full storyWaste-to-Energy (UAE)
In Dubai, BESIX and Hitachi Zosen Inova are currently realising one of the world’s largest and technically most advanced waste-to-energy facilities. With a capacity of up to 200 MW of electricity produced from municipal waste, the project plays a key role in Dubai’s 2050 Clean Energy Strategy and its goal of zero waste to landfill by 2030. Next to the construction, BESIX and HZI participated in the conceptualisation, design, and financing of the plant and will co-manage its operations and maintenance for 35 years.
Read the full storyZayed City Schools (UAE)
The Abu Dhabi Investment Office, in collaboration with the Abu Dhabi Department of Education and Knowledge, awarded the contract for the Zayed City Schools public-private partnership project to a consortium led by BESIX and Plenary Group. This project is the UAE’s first public-private partnership in the field of school infrastructure, a pioneering project confirming BESIX’s trusted status as industrial equity provider in the Middle East.
Read the full storySluishuis (The Netherlands)
BESIX RED’s iconic project Sluishuis is a 39,500 m² zero-energy residential building located on the IJ-lake, known as Amsterdam’s waterfront. Commissioned by the Municipality of Amsterdam as part of a tender process, Sluishuis has been co-developed by BESIX RED and Dutch partner VORM and designed by the Danish Architects Bjarke Ingels Group and Dutch BARCODE Architects. The complex construction was entrusted to BESIX Nederland and VORM Bouw.
Read the full storyMatisse (Belgium)
Matisse is BESIX RED’s newest large-scale mixed-use development in Brussels. With well-being, sustainability, and connectivity at its heart, the project makes a bold statement and offers a comprehensive experience where working, living, and relaxing are combined.
Read the full storyPURE (France)
With this sustainable office in Lille, BESIX RED consolidates its position on the French real estate market, pursuing its geographical diversification in strategic and dynamic European cities. Designed by the renowned architect Coldefy and the local landscape architect LAND, PURE will feature 8,000 m² of modern offices embracing a concept rooted in the well-being of users.
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2022 Annual Report
