Securex

Securex

Founded in Belgium as a social-insurance fund for entrepreneurs, Securex operates as a mutual insurance company with a sprawling HR-and-payroll-services business attached. Its core insurance vehicle, Securex Insurance, is led by Martine Buyens and serves self-employed professionals, SMEs, large corporations, and public-sector entities. The group counts Brussels-based biopharma UCB as a long-term strategic partner and customer. Securex deploys capital across at least three asset classes: commercial real estate, private credit, and equity via its Belgian-domiciled Umano Fund portfolio. The real-estate book includes a mixed-use paper portfolio held directly in Europe, the 43 Tervurenlaan headquarters campus in Etterbeek, and a commercial office at Ghent’s Watersportbaan. The Umano Fund provides indirect exposure to Belgian growth and buyout strategies. The firm operates from Brussels and Ghent and maintains influence beyond insurance through its membership in the Luxembourg Payroll Provider Federation, which it helped found. As of 2026, Securex is publicly expanding its on-demand payroll-compliance and talent-management tools for accountants and employers, reflecting a posture that blurs the line between insurer and workforce-administration platform. Structurally, Securex is distinguished by its charitable foundation, which funnels grants through the King Baudouin Foundation rather than operating a separate grant-making apparatus. That architecture insulates the insurance balance sheet while preserving a formal philanthropic presence.