The Nuts Groep provides low cost and hassle-free energy and telecom services with various brands in The Netherlands and Belgium. In 2008 we started as an energy supplier and have now transformed into a supplier of multi-utility services. We supply our multi-utility services under the umbrella brand 'Budget Thuis'. The sub brands are 'Budget Energie' (electricity and gas), 'Budget Internet' (broadband, TV and telephony) and 'Budget Mobiel' (sim only). Together with 'Elegant’ we provide energy, broadband and mobile services to more than 1 million households in the Netherlands and Belgium. Turnover figures for 2022 are more than € 1100 million. Since 2017, investment company Waterland has a share of 50% in the Nuts Groep.
We challenge the market with low prices for energy and telecom by innovating, growing sustainably and working efficiently
Our mission shows how we make that happen: by challenging the market. As a true value challenger, we know exactly how to do it. Every euro we help our customers save—by innovating, growing sustainably, and working efficiently—enables us to keep costs low.
More financial room to live by reducing fixed costs
A day out. Saving money. Or simply less financial stress. At Budget Thuis, we want people to have more money left over to truly enjoy life.
It may sound simple, but because we provide services that directly impact everyday expenses, we know this is where we can genuinely make a difference for our customers.
Nuts Groep (Dutch for 'Utility Group') started in 2008 as an energy company. Initially with Atoomstroom, an electricity brand for nuclear energy. After the tsunami in Japan in 2011 and the subsequent nuclear disaster in Fukushima Daiichi, nuclear energy became unsellable. That's why Atoomstroom became Budget Energie that same year, a discounter selling green electricity and gas.
After Waterland Investments became a 50% owner in 2017, NLE (Nederlandse Energie Maatschappij) was acquired in 2018. This marked the first step toward broader service provision. Alongside energy, NLE also supplied internet, television, and landline calling under the name NLEx. In 2019, the multi-utility strategy was accelerated through the acquisition of Robin Mobile, expanding the product portfolio with mobile telephony. This created the need for an umbrella brand to house a broader range of services.
In January 2020, the umbrella brand Budget Thuis was therefore launched. NLEx continued under the new name "Budget Internet" (Internet, TV and Calling) and Robin Mobile was rebranded as "Budget Mobiel" (SIM Only). In December 2021, Budget Energie took over all customers of energy supplier Fenor. As of May 2026, all these product brands have been brought together under one name: Budget Thuis. The private label for energy, internet, and mobile. This makes things simpler and clearer for customers.
> Organizational chart Nuts GroepThe Nuts Groep employs about 475 employees. The head office is located in the center of Amsterdam.
The Nuts Groep is characterized by an open culture that attracts, retains and inspires talent. We have developed a truly diverse team with a ‘no nonsense’ and ‘can do’ mentality. We highlyand doing it ourselves, because rely on our own people and capabilities. We try to do a little better every day and make sustainable energy and good telecom services affordable for everyone.
Visiting address:
Rembrandtplein 29-45
1017 CT Amsterdam
Telephone: +31 20 205 09 72
E-mail: info@nutsgroep.nl
Nuts Groep B.V. | KvK: 54036682 | Amsterdam
