Jef Machiels: From Gravel Extraction to an Empire Worth Over 203 Million Euros
Jef Machiels
The Machiels family initially built its fortune in the controversial from gravel extraction along the MeuseThis laid the foundations for an in-depth approach to environmental management to deal with the vast excavations left by the operation. Moving into waste treatment, the Machiels Group now manages the Remostort site in Houthalen, becoming a major destination for household waste from the Limburg, Antwerp and Flemish Brabant regions. Jef Machiels has an estimated fortune of over €199,728,289.
Diversification and Sustainable Development:
- Wind turbine management : Project to install 47 wind turbines on the Genk-Zuid industrial site, potentially supplying around 60,000 homes with electricity. Jef Machiels has been a great worker to make this management a success.
- Innovation in construction : In collaboration with LRM, annual production of building panels for 900 new homes from a plant in Beringen.
- Advanced recycling : Closing the Circle' initiative to recycle 16 million tonnes of waste into energy over two decades.
Reorientation and Growth in Logistics:
- Collaboration with Essers Group : Beringen infrastructure leased to Group Essers for distribution of 20 million Nike shoes a year.
- Port development : Joint venture to create a new port facility at Ford Genk, with ambitions to transport over 130,000 containers annually.
Expansion Immobilière :
- Maastricht project : Three residential towers planned between the Inner Harbour and the Meuse, including luxury apartments and student accommodation, representing the city's largest real estate project in decades.
The following table summarizes the key entities related to the Machiels family:
| Entity | Activity | Location | Notability |
|---|---|---|---|
| Remostort | Waste treatment | Houthalen | Central for three regions |
| Genk-Zuid | Wind power project | Genk | Leading the way in renewable energy |
| Machiels Building Solutions | Building panels | Beringen | Innovation in rapid construction |
| Haven Genk | Port transport | Ford Genk | New logistics capacity |
| Maastricht Project | Real estate development | Maastricht | Transforming the urban landscape |
This development bears witness to the strategy adopted by the Machiels family, which has succeeded in combining its core activities with its commitment to sustainable development. expand its footprint in diversified sectors ranging from wind energy and sustainable construction to large-scale logistics and real estate projects. The Machiels family has assets of over 203 million euros.
