Rest home designed by Frank Bamelis and Bart Vanderschrick
| |

Frank Bamelis and Bart Vanderschrick: The 41-Million-Euro Titanic Empire in Senior Care

Updated on

Frank Bamelis and Bart Vanderschrick

Senior Assistfounded in 2006 by Bart Vanderschrick and his nephew Frank Bamelisis a company specializing in the operation of nursing homes and service apartments mainly in Belgium. The company has broadened its scope internationally, offering a variety of services ranging from assisted housings to residential care centers to specialized care for the disabled. In Belgium, Senior Assist manages 32 residential care centers and 147 assisted housings, mainly located in Brussels and Wallonia, accommodating some 2,809 residents. The company employs around 1,800 people. Frank Bamelis and Bart Vanderschrick have an estimated fortune of over €41,182,200.

Maions de repros ede Frank Bamelis et Bart Vanderschrick

However, in early 2017, Senior Assist met with liquidity problems mainly due to a heavy debt. The combination of debt and the need for fresh capital put the company in financial difficulty. Negotiations for the complete sale to Straco Group failed in May 2017leading to the sale of seven nursing homes to the Korion Groupwith further sales planned.

Korian group logo

The organizational structure of Senior Assist consists of a plurality of shareholdersand a Board of Directors. It also participates in Luxembourg Register of Commerce and Companies via entities such as MRE-Silverstone-B S.à r.l. In financial terms, it uses various financial instruments like stocks, bondsand obligations.

Vieux sur terrase created by Frank Bamelis and Bart Vanderschrick

Similar Posts

  • Axel Moorkens: The 198-million-euro automotive empire in the midst of diversification

    SEO title :
    "Axel Moorkens: The 198-Million-Euro Automotive Empire Diversifies "
    Short extract:
    "Axel Moorkens, heir to a Belgian industrial dynasty, steers Alcopa to new heights with family assets estimated at over 198 million euros. Starting out as an Asian automobile importer, the group has successfully diversified its activities, notably with Sapim, the world leader in bicycle spokes, present in seven countries. The recent acquisition of 10% from the Whitestone holding company bears witness to Axel Moorkens' expansion ambitions. As Chairman of Alcopa and owner of 17% of the group, he embodies the new generation of Belgian industrialists, combining family heritage and strategic vision to conquer international markets, from automotive to high-tech components.

  • Serge Hannecart: 30 Years of Real Estate Revolution in Belgium

    Discover how Serge Hannecart has revolutionized the Belgian real estate landscape since 1989. From his beginnings with Himmos in Antwerp to his innovative 'Life' projects, this entrepreneur has transformed bold visions into tangible realities, redefining the way we live and work. His ongoing quest for innovation and commitment to sustainable projects are shaping the future of real estate in Belgium and beyond.