# Nuhma

Nuhma is an Asset Manager based in Hasselt, Belgium.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Hasselt, Belgium
- **Region:** Europe
- **Address:** Herkenrodesingel 14, 3500 Hasselt, Belgium
- **Founded:** 2001
- **Assets under management:** Undisclosed
- **Website:** www.nuhma.be
- **LinkedIn:** https://www.linkedin.com/company/nuhma

## Regulatory record

- **Reports private funds:** No

## About

Nuhma is the Limburg climate company of the Limburg municipalities and Laakdal. Since 2000 it operates as an active cooperative investment holding with the mission to make Limburg CO2-neutral by investing in the energy transition. It holds participations in renewable energy, smart-grid technology and citizen participation, and pays stable dividends to its municipal shareholders.

## Sectors

- Energy Transition & Renewables
- Infrastructure
- ClimateTech

## People

- Ludo Kelchtermans — CEO
- Mark Vanleeuw — Chairman of the Board of Directors

## Questions

### Who owns Nuhma?

Nuhma is a cooperative vehicle (cv) whose shareholders are 38 Limburg municipalities plus the municipality of Laakdal. It functions as a regional public-utility investment arm rather than a private family office or traditional asset manager.

### How does Nuhma source its energy investments?

Nuhma originates investments through its municipal shareholder network and strategic partnerships across Limburg and the Belgian North Sea. It frequently co-invests with LRM (Limburgse Investeringsmaatschappij) on energy projects within the province, combining public-sector alignment with private-sector participation structures.

### What does Nuhma’s offshore wind portfolio include?

Nuhma holds interests in five of Belgium’s nine offshore wind parks, including the Rentel and SeaMade concessions in the Belgian North Sea. Citizen cooperants can co‑invest in the same parks through the ECO2050 cooperative vehicle.

### How does Nuhma involve citizens in its investments?

Through its ECO2050 cooperative subsidiary, which had raised €9.6 million from 1,232 cooperants as of 31 December 2025. The funds are deployed into the offshore wind parks Rentel and SeaMade, giving individuals direct economic participation in the same assets Nuhma holds at the municipal level.

### Does Nuhma publish financial statements or AUM?

Nuhma does not publicly disclose AUM or a consolidated deployment figure. It reports green-power production data in real time on its website and separates its activities into three pillar disclosures: energy participations, smart-technology holdings, and cooperative citizen finance.

### How is Nuhma related to LRM?

LRM (Limburgse Investeringsmaatschappij) is a frequent co-investment partner on Limburg-based energy projects. While LRM is the regional investment company for economic development, Nuhma is the dedicated climate-investment vehicle for the province’s municipalities, and the two entities often collaborate on local energy and infrastructure deals.

## Related profiles

- [NuFund Venture Group](https://altss.com/profile/nufund-venture-group)
- [Numeria Ventures](https://altss.com/profile/numeria-ventures)

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Last updated: 2026-08-11T15:07:34.613Z

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