Finvision and VGD – two well-known names in the Belgian accountancy, audit, and advisory market – announced their intention to merge, with support from local investment partner Sofindev.
By joining forces, Finvision and VGD are creating one of the largest Belgian-owned firms in the mid-market segment. The new organisation is expected to generate more than €100 million in revenue in 2026 and employ approximately 750 professionals across its network of 21 offices nationwide.
"Our ambition is to build an organisation that combines the strengths of a larger firm with the warmth, accessibility and entrepreneurial spirit that both our clients and our people value today," said VGD CEO Koen De Staercke and Finvision CEO Dieter Engelen in a statement.
“While market consolidation has largely been driven by acquisitions, VGD and Finvision have consciously chosen a full merger between equals,” stated Sofindev, which will join as a long-term strategic partner to support the new organisation’s ambitious growth plans.
Koen pointed out that previous waves of consolidation in the market have shown how challenging integration can be, but believes that – because this merger brings together two organisations with such highly compatible cultures and values – that complexity can be avoided.
“We deliberately chose Sofindev because of its strong local roots, its long-term focus on sustainable value creation and its entrepreneurial approach,” added Dieter. “Their investment also brings a valuable network and an experienced strategic sparring partner.”
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A people-centred approach to growth
The governance of the new organisation reflects the same “best of both” approach. Koen will assume the role of CEO, responsible for the day-to-day operations of the merged organisation. Dieter will become executive chairman of the board, which will consist of an equal number of representatives from both former organisations.
"Over the past decade, our paths have crossed on many occasions and mutual professional respect has always been there. Today feels like the right moment to take this next step together,” Koen said.
The companies share a people-centric culture, where employees are given the opportunity and space to develop, take ownership and remain true to themselves as individuals, too. This belief forms an explicit foundation of the merger. In the coming period, both companies’ focus will be on a “careful integration”, with attention to culture, collaboration, and personal development as prerequisites for continuing to deliver quality performance. VGD currently employs around 460 people, whereas Finvision employs approximately 250. A further 65 new colleagues are expected to join in September 2026, bringing the combined workforce to more than 750 professionals.
"We will continue to invest in a warm, inspiring working environment where talented people are given every opportunity to develop,” Dieter explained. “Only by enabling our people to grow can we continue to help our clients navigate their challenges and strengthen their businesses.”
In addition to supporting the new organisation's integration and future growth, Sofindev’s investment will accelerate existing initiatives in technology and artificial intelligence. "We are building a high-performing and future-proof organisation where technology and data-driven insights enhance rather than replace human expertise,” shared Koen. “This enables our professionals to spend more time where they create the greatest value: maintaining close relationships with clients and providing high-quality advice, which have always been defining strengths of both VGD & Finvision and will remain so after the merger.”
Still the same promises post-merger
Dieter echoed Koen, adding that the merger is not a change of direction, but rather a strengthening of the path VGD and Finvision have been following for many years. Both businesses already share strong capabilities in accountancy, audit, assurance, tax, legal, transaction and sustainability advisory services.
Additionally, VGD contributes expertise in HR management, estate planning and dealmaking, while Finvision brings expertise in IFRS, consolidation, outsourcing and risk management, as well as its proprietary technology platform, Finticx.
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“Our clients and those of Finvision can continue to count on the same trusted point of contact, the same personal approach, and the same commitment. The proximity, humanity, and entrepreneurial spirit that characterise our organisations today will remain the foundation of our operations in the future,” noted Koen.
The new organisation will retain its local presence and spread across Belgium, with the long-term intention of consolidating offices that currently operate from the same location into larger regional hubs.
And although the merger is still subject to approval by the Belgian Competition Authority, behind the scenes, work has already started on a unified brand identity. The launch of the new company name and corporate brand is expected in early 2027. Until then, VGD and Finvision will continue to operate independently under their existing leadership teams and brand names.
