{ "schemaVersion": 1, "organisationId": "O-95ef5cf992c84643850942f6017d82e0", "slug": "d-ieteren-group", "name": "D'IETEREN GROUP", "updatedAt": "2026-10-04T15:09:58.791164Z", "sections": [ { "type": "OVERVIEW", "text": "D’Ieteren Group is a Belgian group whose businesses span mobility, automotive aftermarket distribution, consumer products and real estate. Its six businesses include D’Ieteren Automotive, which distributes Volkswagen Group brands in Belgium; Belron, which provides vehicle-glass repair and replacement; PHE and TVH, which distribute automotive and industrial-equipment parts; Moleskine, which sells stationery and related products; and D’Ieteren Immo, which manages and develops real estate. [P62002376][https://www.dieterengroup.com/dieteren-automotive/][https://www.dieterengroup.com/belron/][https://www.dieterengroup.com/parts-holding-europe/][https://www.dieterengroup.com/tvh-parts/][https://www.dieterengroup.com/moleskine/][https://www.dieterengroup.com/dieteren-immo/]\n\nThe Group states its purpose as building businesses that reinvent industries in pursuit of excellence and meaningful impact; its mobility mission is to build sustainable and accessible mobility for everyone. Its geographic reach includes Belgium and international markets: Belron operates in 40 countries, while TVH serves customers in 170 countries. [P62002376][https://www.dieterengroup.com/belron/][https://www.dieterengroup.com/tvh-parts/]\n\nFor FY2025, D’Ieteren Group reported €8,033.5 million in consolidated external revenue. Its 2025 annual report was published in 2026. [https://www.dieterengroup.com/annual-reports/annual-report-2025/]\n[P62002376][https://www.dieterengroup.com/dieteren-automotive/][https://www.dieterengroup.com/belron/][https://www.dieterengroup.com/parts-holding-europe/][https://www.dieterengroup.com/tvh-parts/][https://www.dieterengroup.com/moleskine/][https://www.dieterengroup.com/dieteren-immo/][https://www.dieterengroup.com/annual-reports/annual-report-2025/]", "updatedAt": "2026-10-04T15:09:58.791164Z" }, { "type": "PRODUCTS", "text": "D’Ieteren Automotive distributes Volkswagen, Audi, SEAT, Škoda, Bentley, Lamborghini, Bugatti, Cupra, Rimac, Microlino, Maserati and Porsche vehicles in Belgium. Its related offerings include used cars, spare parts and accessories, after-sales services, and vehicle-linked financial services through the Volkswagen D’Ieteren Finance joint venture. In FY2025, new vehicles represented about 79.9% of the segment’s €4,978.7 million revenue; used cars 6.6%; spare parts and accessories 7.3%; after-sales activities 1.7%; and other revenue 4.5%. [P87105507][P59007742][T9702998]\n\nBelron provides vehicle-glass repair and replacement, including repair of minor chips, replacement of more extensively damaged glass, and recalibration of advanced driver-assistance systems after windshield replacement; service is delivered through branches and mobile teams. [P60770033][https://www.belron.com/about-belron/what-we-do] TVH supplies aftermarket parts for material-handling, construction, industrial and agricultural equipment, including forklifts, cranes, warehouse equipment, tractors, harvesters and small earth-moving machinery. [P28340582][https://www.tvh.com/en-us/parts] PHE distributes spare parts for light and heavy vehicles and offers garage equipment, technical support and repair-professional services. [P71977482][https://www.partsholdingeurope.com/en/our-activities/phe-in-automotive-after-sales] Moleskine develops and sells notebooks, planners, writing instruments, bags and other travel and reading accessories. [P37095079][https://www.moleskine.com/en-us/]\n[P87105507][P59007742][T9702998][P60770033][https://www.belron.com/about-belron/what-we-do][P28340582][https://www.tvh.com/en-us/parts][P71977482][https://www.partsholdingeurope.com/en/our-activities/phe-in-automotive-after-sales][P37095079][https://www.moleskine.com/en-us/][https://www.belron.com/about-belron/what-we-do][https://www.tvh.com/en-us/parts][https://www.partsholdingeurope.com/en/our-activities/phe-in-automotive-after-sales][https://www.moleskine.com/en-us/]", "updatedAt": "2026-10-04T15:09:58.791164Z" }, { "type": "GEOGRAPHY", "text": "D’Ieteren Automotive’s operations are concentrated in Belgium, where it distributes Volkswagen Group brands through dealer networks and its own dealerships. [https://www.dieterengroup.com/dieteren-automotive/]\n\nBelron operates in 42 countries across six continents and had around 30,000 colleagues in 2025. [https://www.belron.com/cms/assets/cukesk316/files/2026-05/Belron_RB_Report_Live_-_2025_Final.pdf] In FY2024, its largest disclosed employee concentrations were the United States (14,112), France (3,096), Germany (2,666), the United Kingdom (2,263), Spain (1,632), Australia (1,382), and Canada (1,361); these are Belron figures, not Group-wide totals. [T1694105]\n\nTVH has more than 90 branches in 27 countries. [https://www.dieterengroup.com/tvh-parts/] PHE operates across France, Spain, Italy, Belgium, the Netherlands, Luxembourg, and Ireland. [https://www.dieterengroup.com/parts-holding-europe/] Moleskine is based in Milan and has offices in Cologne, New York, Hong Kong, Shanghai, and Tokyo. [https://www.dieterengroup.com/moleskine/]\n\nThe latest available reporting year identified is FY2025. The FY2025 results disclose revenue by business segment rather than by country or region, so a geographic revenue breakdown is not available in the cited results. [T12350558]\n[https://www.dieterengroup.com/dieteren-automotive/][https://www.belron.com/cms/assets/cukesk316/files/2026-05/Belron_RB_Report_Live_-_2025_Final.pdf][T1694105][T1694105][T1694105][T1694105][T1694105][T1694105][T1694105][https://www.dieterengroup.com/tvh-parts/][https://www.dieterengroup.com/parts-holding-europe/][https://www.dieterengroup.com/moleskine/][T12350558][https://www.dieterengroup.com/dieteren-automotive/][https://www.belron.com/cms/assets/cukesk316/files/2026-05/Belron_RB_Report_Live_-_2025_Final.pdf][https://www.dieterengroup.com/tvh-parts/][https://www.dieterengroup.com/parts-holding-europe/][https://www.dieterengroup.com/moleskine/]", "updatedAt": "2026-10-04T15:09:58.791164Z" }, { "type": "SEGMENTS", "text": "D’Ieteren Group’s FY2025 segment reporting identifies five operating segments: D’Ieteren Automotive, Belron, Moleskine, TVH and PHE (Parts Holding Europe). It separately reports Corporate & unallocated and eliminations. The Group also presents a broader portfolio view of six businesses that includes D’Ieteren Immo, which is not listed as a separate operating segment in the FY2025 segment statement. [T2193216][P97611639]\n\nD’Ieteren Automotive distributes vehicles in Belgium, including Volkswagen Group brands, as well as parts and accessories; its FY2025 external revenue was €4,978.7 million, about 30% of the five segments’ combined external revenue, and its adjusted operating result was €232.3 million, about 10% of their combined result. [https://www.dieterengroup.com/dieteren-automotive/][T2193216] Belron provides vehicle-glass repair, replacement and recalibration services; its reported revenue was €6,722.0 million on a 100% basis (about 41% of combined segment revenue), and its adjusted operating result was €1,536.0 million on a 100% basis (about 68% of combined segment result). [https://www.dieterengroup.com/belron/][T2193216]\n\nMoleskine focuses on notebooks and related lifestyle products; FY2025 revenue was €117.8 million (about 1% of combined segment revenue) and adjusted operating result was €7.7 million (less than 1% of combined result). [https://www.dieterengroup.com/fr/moleskine/][T2193216] TVH supplies aftermarket parts for material-handling, construction, industrial and agricultural equipment; revenue was €1,668.5 million and adjusted operating result €222.8 million, both on a 100% basis—about 10% of combined segment revenue and 10% of combined adjusted result. [https://www.dieterengroup.com/tvh-parts/][T2193216] PHE distributes vehicle spare parts through an omnichannel model to the independent aftermarket in Western Europe; its revenue was €2,937.1 million (about 18% of combined segment revenue) and adjusted operating result €267.4 million (about 12% of combined result). [https://www.dieterengroup.com/parts-holding-europe/][T2193216]\n\nThe percentages are approximate shares of the five segments’ summed reported external revenue (€16,424.1 million) and summed adjusted operating result (€2,266.2 million), not shares of consolidated Group revenue or profit. Belron and TVH amounts are shown on a 100% basis; inter-segment eliminations reduce revenue to the consolidated total. The Group also reports ownership-adjusted PBT by segment as a separate performance measure, rather than as an alternative list of operating segments. [T2193216][T1227869]\n[T2193216][P97611639][T1227869][https://www.dieterengroup.com/press-releases/publication-of-the-annual-report-2025/][https://www.dieterengroup.com/dieteren-automotive/][https://www.dieterengroup.com/belron/][https://www.dieterengroup.com/fr/moleskine/][https://www.dieterengroup.com/tvh-parts/][https://www.dieterengroup.com/parts-holding-europe/]", "updatedAt": "2026-10-04T15:09:58.791164Z" }, { "type": "HISTORY", "text": "D’Ieteren traces its origins to 1805, when Jean-Joseph D’Ieteren established a Brussels coachbuilding and wheelwright business. The company expanded into motor-vehicle bodywork in 1897 and was listed on the Brussels stock exchange in 1929. [T5339376][https://www.dieterengroup.com/history/]\n\nIn 1948, Pierre D’Ieteren agreed to import Volkswagen vehicles into Belgium, establishing the company’s automotive-distribution business. D’Ieteren entered car rental with Dit’Rent-a-Car in 1956, licensed the business to Avis in 1958, and acquired Avis Europe in 1989. [T5339376][https://www.dieterengroup.com/history/][https://www.dieteren.be/en/who-we-are/]\n\nThe Group took control of vehicle-glass repair and replacement company Belron in 1999 and acquired notebook maker Moleskine in 2016. In 2021, it reorganized its structure, separating D’Ieteren Group from D’Ieteren Automotive, and acquired a 40% stake in TVH Parts. It completed the acquisition of automotive-parts distributor Parts Holding Europe in 2022. [T5339376][https://www.dieterengroup.com/history/][https://www.dieterengroup.com/press-releases/closing-of-the-acquisition-of-parts-holding-europe/]\n[T5339376][https://www.dieterengroup.com/history/][https://www.dieteren.be/en/who-we-are/][https://www.dieterengroup.com/press-releases/closing-of-the-acquisition-of-parts-holding-europe/]", "updatedAt": "2026-10-04T15:09:58.791164Z" } ], "sources": [ { "id": "P62002376", "href": "https://app.finbar.com/go?id=P62002376", "label": "D'IETEREN GROUP — Full financial report (2024 Y), p246", "documentId": "D-03f5d8ce4eed4bac97ebd417eb4a0f90", "page": 246 }, { "id": "https://www.dieterengroup.com/dieteren-automotive/", "href": "https://www.dieterengroup.com/dieteren-automotive/", "label": "www.dieterengroup.com" }, { "id": "https://www.dieterengroup.com/belron/", "href": "https://www.dieterengroup.com/belron/", "label": "www.dieterengroup.com" }, { "id": "https://www.dieterengroup.com/parts-holding-europe/", "href": "https://www.dieterengroup.com/parts-holding-europe/", "label": "www.dieterengroup.com" }, { "id": "https://www.dieterengroup.com/tvh-parts/", "href": "https://www.dieterengroup.com/tvh-parts/", "label": "www.dieterengroup.com" }, { "id": "https://www.dieterengroup.com/moleskine/", "href": "https://www.dieterengroup.com/moleskine/", "label": "www.dieterengroup.com" }, { "id": "https://www.dieterengroup.com/dieteren-immo/", "href": "https://www.dieterengroup.com/dieteren-immo/", "label": "www.dieterengroup.com" }, { "id": "https://www.dieterengroup.com/annual-reports/annual-report-2025/", "href": "https://www.dieterengroup.com/annual-reports/annual-report-2025/", "label": "www.dieterengroup.com" }, { "id": "P87105507", "href": "https://app.finbar.com/go?id=P87105507", "label": "D'IETEREN GROUP — Press release (2025 Y), p13", "documentId": "D-4199b424afd74ca4907b9c5209f7c7b4", "page": 13 }, { "id": "P59007742", "href": "https://app.finbar.com/go?id=P59007742", "label": "D'IETEREN GROUP — Press release (2025 Y), p46", "documentId": "D-4199b424afd74ca4907b9c5209f7c7b4", "page": 46 }, { "id": "T9702998", "href": "https://app.finbar.com/go?id=T9702998", "label": "D'IETEREN GROUP — Press release (2025 Y), p41", "documentId": "D-4199b424afd74ca4907b9c5209f7c7b4", "page": 41 }, { "id": "P60770033", "href": "https://app.finbar.com/go?id=P60770033", "label": "D'IETEREN GROUP — Press release (2025 Y), p23", "documentId": "D-4199b424afd74ca4907b9c5209f7c7b4", "page": 23 }, { "id": "https://www.belron.com/about-belron/what-we-do", "href": "https://www.belron.com/about-belron/what-we-do", "label": "www.belron.com" }, { "id": "P28340582", "href": "https://app.finbar.com/go?id=P28340582", "label": "D'IETEREN GROUP — Press release (2025 Y), p13", "documentId": "D-4199b424afd74ca4907b9c5209f7c7b4", "page": 13 }, { "id": "https://www.tvh.com/en-us/parts", "href": "https://www.tvh.com/en-us/parts", "label": "www.tvh.com" }, { "id": "P71977482", "href": "https://app.finbar.com/go?id=P71977482", "label": "D'IETEREN GROUP — Press release (2025 Y), p23", "documentId": "D-4199b424afd74ca4907b9c5209f7c7b4", "page": 23 }, { "id": "https://www.partsholdingeurope.com/en/our-activities/phe-in-automotive-after-sales", "href": "https://www.partsholdingeurope.com/en/our-activities/phe-in-automotive-after-sales", "label": "www.partsholdingeurope.com" }, { "id": "P37095079", "href": "https://app.finbar.com/go?id=P37095079", "label": "D'IETEREN GROUP — Press release (2025 Y), p23", "documentId": "D-4199b424afd74ca4907b9c5209f7c7b4", "page": 23 }, { "id": "https://www.moleskine.com/en-us/", "href": "https://www.moleskine.com/en-us/", "label": "www.moleskine.com" }, { "id": "https://www.belron.com/cms/assets/cukesk316/files/2026-05/Belron_RB_Report_Live_-_2025_Final.pdf", "href": "https://www.belron.com/cms/assets/cukesk316/files/2026-05/Belron_RB_Report_Live_-_2025_Final.pdf", "label": "www.belron.com" }, { "id": "T1694105", "href": "https://app.finbar.com/go?id=T1694105", "label": "D'IETEREN GROUP — Full financial report (2024 Y), p382", "documentId": "D-03f5d8ce4eed4bac97ebd417eb4a0f90", "page": 382 }, { "id": "T12350558", "href": "https://app.finbar.com/go?id=T12350558", "label": "D'IETEREN GROUP — Press release (2025 Y), p24", "documentId": "D-4199b424afd74ca4907b9c5209f7c7b4", "page": 24 }, { "id": "T2193216", "href": "https://app.finbar.com/go?id=T2193216", "label": "D'IETEREN GROUP — Press release (2025 Y), p51", "documentId": "D-4199b424afd74ca4907b9c5209f7c7b4", "page": 51 }, { "id": "P97611639", "href": "https://app.finbar.com/go?id=P97611639", "label": "D'IETEREN GROUP — Press release (2025 Y), p23", "documentId": "D-4199b424afd74ca4907b9c5209f7c7b4", "page": 23 }, { "id": "https://www.dieterengroup.com/fr/moleskine/", "href": "https://www.dieterengroup.com/fr/moleskine/", "label": "www.dieterengroup.com" }, { "id": "T1227869", "href": "https://app.finbar.com/go?id=T1227869", "label": "D'IETEREN GROUP — Press release (2025 Y), p57", "documentId": "D-4199b424afd74ca4907b9c5209f7c7b4", "page": 57 }, { "id": "https://www.dieterengroup.com/press-releases/publication-of-the-annual-report-2025/", "href": "https://www.dieterengroup.com/press-releases/publication-of-the-annual-report-2025/", "label": "www.dieterengroup.com" }, { "id": "T5339376", "href": "https://app.finbar.com/go?id=T5339376", "label": "D'IETEREN GROUP — Presentation (2025 Y), p4", "documentId": "D-c91fd98df2194a269b79ffa3f27bf642", "page": 4 }, { "id": "https://www.dieterengroup.com/history/", "href": "https://www.dieterengroup.com/history/", "label": "www.dieterengroup.com" }, { "id": "https://www.dieteren.be/en/who-we-are/", "href": "https://www.dieteren.be/en/who-we-are/", "label": "www.dieteren.be" }, { "id": "https://www.dieterengroup.com/press-releases/closing-of-the-acquisition-of-parts-holding-europe/", "href": "https://www.dieterengroup.com/press-releases/closing-of-the-acquisition-of-parts-holding-europe/", "label": "www.dieterengroup.com" } ] }