Vlerick Group has its industrial roots in Flanders in 1880 in the textile industry. In its present form, it originates from B.I.C. Carpets, a high-end woollen broad-loom woven carpet manufacturer, founded in 1956.

Via its anchored participations in a.o. the former holding company of what is currently KBC Groep, the group contributed to the development of one of Flanders' primary financial services providers, in which it continues to be actively involved today.

Industrial diversification was first achieved within the textile industry in the nineties via the acquisition of Uco nv, an integrated and diversified producer of cotton-based yarns and fabrics located in Ghent.

In conjunction with the expansion in adjacent activities within the textile industry, Vlerick Group significantly widened its industrial scope via a number of participations in selected Belgian family-owned metal-engineering companies.

Additionally, in 2006 Vlerick Group took the initiative in bringing together like-minded industrialist family groups and joining forces in order to invest in selected traditional industries via its investment vehicle Pentahold.

Equally in 2006, Vlerick Group showed its ambition of being a truly international group as well as one of its defining characteristics of exploring and establishing complementary partnerships in order to grow successfully, via the merger of Uco Sportswear, a subsidiary of Uco nv, with India's Raymond Denim, part of the Raymond textile conglomerate, to form Uco Raymond Denim Ltd.

In 2014 the Vlerick Group ventured into a new industrial sector via its investment in Oxurion, formerly ThromboGenics, a biotech company. This investment highlighted the Vlerick Group’s ambition to play  a stabilising and anchoring role for valuable and/or promising Belgian companies.

More recently the Vlerick Group has  invested in a number of early stage companies in a wide range of industrial sectors. As such, the Vlerick Group seeks to support value-creating entrepreneurs.