Belgian family businesses: insights from the Global Family Business Survey

The Global Family Business Survey provides valuable insights into the state of family businesses worldwide. The findings are particularly relevant to the Belgian context, where family-owned enterprises play a significant role in the nation's economy and society. This summary explores how the survey results align with the current reality of Belgian family businesses, especially regarding sustainability, growth and value creation matters, and the involvement of younger generations.

Sustainable business practices at the core

The survey reveals that family businesses globally are increasingly adopting and integrating sustainable business practices into their core operations. This trend is mirrored in Belgium, where many family-owned companies recognize the importance of sustainability for long-term success and resilience. Belgian family businesses are not only responding to regulatory and societal expectations but also proactively embedding environmental, social, and governance (ESG) principles into their strategies and daily operations.

At the pinnacle of this reality are family businesses in Belgium that steer their portfolios towards products and services with strong sustainability performance. Such strategic portfolio shifts make economic sense because portfolios of sustainable products and services often demonstrate substantially higher growth rates and superior returns on investment. This proactive approach not only aligns with global trends favoring environmental and social responsibility, but also positions Belgian family firms to capitalize on emerging market opportunities while mitigating long-term risks associated with less sustainable practices.

Growth and value creation matters

Growth capital and M&A provide family businesses with the resources and scale needed to sustain long-term success. By accessing external capital and pursuing strategic acquisitions, family enterprises can diversify risk, accelerate innovation, expand into new markets, and strengthen governance. This not only enhances financial resilience but also supports continuity across generations, ensuring the business remains competitive, sustainable, and aligned with family values over time.

Family businesses are increasingly embracing M&A as a lever for sustainable growth, focusing on long-term value creation without compromising their identity. Bringing in private capital is no longer a ‘no-go,’ as long as shared cultural values remain at the core of the partnership.

Stijn Potargent

Partner of Deals

KPMG in Belgium

Dynamic engagement with next generations

One of the standout findings of the survey is the dynamic engagement of family businesses with the next generation, particularly in the context of sustainability and ESG. In Belgium, this is evident as younger family members take on more prominent roles, bringing fresh perspectives and a strong commitment to responsible business practices. Their involvement ensures that sustainability is not just an add-on, but a core value that shapes the company's vision and activities.

The results of the Global Family Business Survey reflect the evolving landscape of family businesses in Belgium. With a clear focus on sustainability and active participation from the next generation, Belgian family firms are positioning themselves as leaders in responsible business, ensuring their long-term relevance and success in a rapidly changing world.