PB Holding N.V.
PB Holding N.V. is a public limited company (naamloze vennootschap) incorporated under Dutch law, registered with the Netherlands Chamber of Commerce (KvK) under number 24064937, with its registered office at Westersingel 86, 3015 LC Rotterdam. The company operated under the name Stern Groep N.V. until it was renamed PB Holding N.V. in March 2022.
PB Holding N.V. is listed on Euronext Amsterdam under ticker symbol PBH (ISIN NL0000336303). Its principal disclosed activity is that of an investment holding company: its main asset has been a holding of 515,000 depositary receipts for shares in Bovemij N.V., a Dutch provider of insurance, financing, legal-assistance and data-management services for the mobility sector. This interest was carried at a valuation of approximately €16.6 million as of 31 December 2024.
For the 2024 financial year, PB Holding N.V. reported a net loss of €384 thousand, an improvement from a net loss of €2,565 thousand in 2023, alongside operating expenses of €294 thousand and personnel expenses of €128 thousand. No dividend income was received from its Bovemij holding in 2024, compared with €309 thousand in 2023.
In early 2025, PB Holding N.V. was the subject of a recommended public cash offer of €3.00 per ordinary share from Nafimij B.V., which was declared unconditional on 4 March 2025. In January 2026, PB Holding N.V. announced its support for a separate, conditional transaction under which ASR Nederland N.V. would acquire Bovemij N.V.; this transaction was approved by PB Holding N.V. shareholders on 23 February 2026, with closing announced for 1 July 2026. Company status is recorded as active in the KvK register as of the information date.
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Shareholders
Shareholders of PB Holding N.V.
Following a recommended public cash offer of €3.00 per ordinary share, Nafimij B.V. — a wholly owned subsidiary of Luxembourg-registered Mont Cervin S.à r.l. — became the controlling shareholder of PB Holding N.V. in 2025. The offer was declared unconditional on 4 March 2025, by which point Nafimij B.V. owned or held acceptances for approximately 84.56% of PB Holding N.V.’s issued shares (11.37% already owned plus 73.19% tendered). Ahead of the offer, NPM Capital N.V. and Mont Cervin S.à r.l. together held approximately 44.91% of the shares and had irrevocably undertaken to tender; Mont Cervin S.à r.l. alone held approximately 18.38%. An earlier Dutch AFM substantial-holding notification recorded NPM Capital N.V. holding 23.96% of capital and voting rights as of 26 October 2020, prior to the company’s 2022 rename from Stern Groep N.V. Disclosure is Partial: verified percentages are available up to the March 2025 offer, but no subsequent AFM filing confirming Nafimij B.V.’s exact current stake (including any post-offer squeeze-out) was located as of the information date.
Ultimate beneficial ownership
Not disclosed. Mont Cervin S.à r.l. (Luxembourg) is identified in the 2025 offer documentation as the parent of Nafimij B.V., but no source reviewed identifies the natural person(s) who ultimately control Mont Cervin S.à r.l. This profile therefore reports the corporate holding chain (Nafimij B.V. / Mont Cervin S.à r.l.) without naming a UBO.
Data availability
Partial. Dutch AFM substantial-holding notifications and the 2025 public-offer documentation provide verified shareholder percentages through March 2025; more recent ownership changes, if any, have not been confirmed in a dated regulatory filing.
Sources
- PB Holding N.V. offer and shareholder communications — pb-holding.nl (retrieved 2026-09-23)
- Nafimij B.V. press releases — nafimij.nl (retrieved 2026-09-23)
- Netherlands Authority for the Financial Markets, register of substantial holdings — afm.nl (retrieved 2026-09-23)
Officers
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Directors and officers of PB Holding N.V.
As of 7 March 2025, PB Holding N.V.’s Management Board consists of a single member, T.R.F. Admiraal. The Supervisory Board comprises two members appointed the same date: S. Klep (Chair, born 1970), whose term runs to the 2029 annual general meeting, and J.G.H.M. Niessen (born 1963). These appointments followed the resignation of the entire previous Management Board and Supervisory Board, effective 1–2 September 2024, after a disagreement with newly arrived activist shareholders over implementation of the company’s 2022 strategy. Nationality, country of residence and occupation are not disclosed in the sources reviewed. This overview reflects board composition effective 7 March 2025; more recent changes, if any, have not been identified.
Recent officer changes
- Resignation: the full Management Board and Supervisory Board stepped down, effective 1–2 September 2024 (source: contemporaneous Dutch financial press).
- Appointment: T.R.F. Admiraal appointed sole Management Board member, effective 7 March 2025 (source: PB Holding N.V. offer/EGM documentation).
- Appointment: S. Klep and J.G.H.M. Niessen appointed to the Supervisory Board, effective 7 March 2025 (source: PB Holding N.V. offer/EGM documentation).
Data availability
Current only. Role and appointment dates are confirmed via PB Holding N.V.’s public disclosures; nationality, residence and occupation are not published for these officers and are reported as not disclosed.
Sources
- PB Holding N.V. offer and governance documentation — pb-holding.nl (retrieved 2026-09-23)
- Netherlands Chamber of Commerce (KvK) company record, as reflected via companyinfo.nl (retrieved 2026-09-23)
Registry feed — rows exactly as filed with Netherlands Chamber of Commerce (KvK), including entries the profile above does not cover.
Group Structure
Group structure of PB Holding N.V.
PB Holding N.V. has no disclosed subsidiaries of its own; its principal identified corporate relationship is as a minority investor in Bovemij N.V. (515,000 depositary receipts for shares, valued at approximately €16.6 million as of 31 December 2024), which is not a parent, subsidiary or sister-company relationship. Since 4 March 2025, Nafimij B.V. — a wholly owned subsidiary of Mont Cervin S.à r.l. (Luxembourg) — has been PB Holding N.V.’s controlling shareholder following a recommended public cash offer, making Nafimij B.V. the immediate parent and Mont Cervin S.à r.l. the ultimate parent identified in the disclosed ownership chain. No direct or indirect subsidiaries of PB Holding N.V. were found disclosed. In January–February 2026, PB Holding N.V. supported a separate, conditional transaction in which ASR Nederland N.V. would acquire Bovemij N.V.; if completed, this affects PB Holding N.V.’s investment in Bovemij rather than PB Holding N.V.’s own corporate structure.
Verified corporate relationships
| Entity | Country | Registration number | Relationship | Ownership | Status | Information date |
|---|---|---|---|---|---|---|
| Nafimij B.V. | Netherlands | Not disclosed | Immediate parent | Approx. 84.56% or more (post-offer) | Active | 4 March 2025 |
| Mont Cervin S.à r.l. | Luxembourg | Not disclosed | Ultimate parent (via Nafimij B.V.) | Ownership percentage not disclosed | Active | 4 March 2025 |
| Bovemij N.V. | Netherlands | Not disclosed | Investee (minority interest, not a subsidiary) | 515,000 depositary receipts for shares | Active | 31 December 2024 |
Recent structural changes
- Change of controlling shareholder: Nafimij B.V.’s recommended public offer for PB Holding N.V. declared unconditional, 4 March 2025.
- Supported transaction: PB Holding N.V. backed ASR Nederland N.V.’s conditional acquisition of Bovemij N.V.; approved by PB Holding N.V. shareholders 23 February 2026, closing announced 1 July 2026.
Data availability
Partial. The controlling-shareholder relationship is well documented through the 2025 public-offer process; registration numbers for Nafimij B.V. and Mont Cervin S.à r.l. were not identified in the sources reviewed, and no subsidiaries of PB Holding N.V. itself were found disclosed.
Sources
- PB Holding N.V. offer and transaction documentation — pb-holding.nl (retrieved 2026-09-23)
- Nafimij B.V. press releases — nafimij.nl (retrieved 2026-09-23)
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Frequently Asked Questions
What does PB Holding N.V. do?
Dutch investment holding company (N.V.) based in Rotterdam, KvK 24064937; formerly Stern Groep N.V. until renamed in March 2022; principal disclosed activity has been holding a stake in Bovemij N.V.
Who owns PB Holding N.V.?
Nafimij B.V. (subsidiary of Mont Cervin S.a r.l.) became controlling shareholder after a public offer declared unconditional on 4 March 2025, owning or holding acceptances for approximately 84.56% of shares.
Who is PB Holding N.V.'s UBO (Ultimate Beneficial Owner)?
Not disclosed; Mont Cervin S.a r.l. (Luxembourg) is named as Nafimij B.V.'s parent, but no natural-person UBO was identified in public sources.
What is PB Holding N.V.'s company registration number?
PB Holding N.V.'s registration number is 24064937, filed with Netherlands Chamber of Commerce (KvK) in Netherlands. Its current status on the register is active.
Is PB Holding N.V. still an active company?
PB Holding N.V.'s status on Netherlands Chamber of Commerce (KvK) is listed as active.
When was PB Holding N.V. incorporated?
PB Holding N.V. was incorporated on 29 October 1945, according to Netherlands Chamber of Commerce (KvK).
What is PB Holding N.V.'s registered address?
The registered address on file for PB Holding N.V. is Rotterdam, Netherlands.
What is PB Holding N.V.'s revenue?
FY2024 net loss of EUR 384 thousand (2023: EUR 2,565 thousand loss); no distinct trading revenue disclosed beyond investment results.
Is PB Holding N.V. listed on a stock exchange?
Listed on Euronext Amsterdam under ticker PBH (ISIN NL0000336303).
Who are the officers/directors of PB Holding N.V.?
Management Board: T.R.F. Admiraal (sole member, appointed 7 March 2025). Supervisory Board: S. Klep (Chair) and J.G.H.M. Niessen, both appointed 7 March 2025.
Does PB Holding N.V. have a parent company or subsidiaries?
No subsidiaries of PB Holding N.V. disclosed; principal relationship is a minority investment in Bovemij N.V., plus Nafimij B.V./Mont Cervin S.a r.l. as controlling-shareholder chain since March 2025.
Can Zavia monitor changes to PB Holding N.V.'s ownership over time?
This profile reflects a point-in-time snapshot from Netherlands Chamber of Commerce (KvK). Zavia's monitoring API can track changes to PB Holding N.V.'s registered shareholders, officers, and group structure going forward, flagging updates as they're filed rather than requiring a manual recheck.
Can I access PB Holding N.V.'s data through an API?
Yes. Zavia's API connects directly to official government ownership registries across 195 countries and territories, including Netherlands, so records like PB Holding N.V.'s registration, shareholder, UBO, and group-structure data can be queried programmatically instead of viewed one page at a time.
Where does this company information come from, and how current is it?
This record is sourced directly from Netherlands Chamber of Commerce (KvK) and was last synced on 25 September 2026.