Checked Barometer February 2025
Edition of 26 September 2026 · KBO · Belgian Official Gazette
In February 2025, the Belgian Official Gazette published 656 bankruptcies, 37% fewer than in February 2024. In February 2025, 9,839 companies were incorporated, 5.3% more than in February 2024.
This edition was compiled on 26 September 2026, after its regular publication date (6 March 2025). The figures are that day's count and no longer change.
Bankruptcies
656
-37% year on year-25% month on month
10,283 over twelve months
Judicial reorganisations
16
-54% year on year-67% month on month
492 over twelve months
Judicial dissolutions
250
-54% year on year-51% month on month
4,086 over twelve months
In brief
Sentences taken straight from this edition's figures. Credit Checked.be as the source.
Incorporations
- In February 2025, 9,839 companies were incorporated, 5.3% more than in February 2024.
- Compared with January 2025 (16,414), that is 40% fewer.
- Over the twelve months from March 2024 to February 2025 there were 122,496, 10% more than the twelve months before.
Bankruptcies
- In February 2025, the Belgian Official Gazette published 656 bankruptcies, 37% fewer than in February 2024.
- Compared with January 2025 (878), that is 25% fewer.
- Over the twelve months from March 2024 to February 2025 there were 10,283, 10% more than the twelve months before.
- By area: 353 in Flanders, 146 in Wallonia and 157 in Brussels and Halle-Vilvoorde.
Judicial reorganisations
- In February 2025, the Belgian Official Gazette published 16 judicial reorganisations, 54% fewer than in February 2024.
- Compared with January 2025 (48), that is 67% fewer.
- Over the twelve months from March 2024 to February 2025 there were 492, 0.6% more than the twelve months before.
- That is the lowest monthly figure since September 2021.
Judicial dissolutions
- In February 2025, the Belgian Official Gazette published 250 judicial dissolutions, 54% fewer than in February 2024.
- Compared with January 2025 (514), that is 51% fewer.
- Over the twelve months from March 2024 to February 2025 there were 4,086, 17% fewer than the twelve months before.
By region
February 2025, with the change on the same month a year earlier.
| Area | Incorporations | Bankruptcies | Judicial reorganisations | Judicial dissolutions |
|---|---|---|---|---|
| Flanders | 4,985+5.8% | 353-36% | 8-20% | 127+46% |
| Wallonia | 2,411+13% | 146-41% | 4-81% | 620% |
| Brussels and Halle-Vilvoorde | 1,887-4.3% | 157-33% | 40% | 61-84% |
| No known area | 556+4.3% | 0 | 0 | 0 |
| Belgium | 9,839+5.3% | 656-37% | 16-54% | 250-54% |
The Brussels courts also serve Halle-Vilvoorde, so that arrondissement counts with Brussels. Incorporations follow the registered office (for a sole trader, the first establishment).
Bankruptcies by sector
February 2025 against February 2024. Main activity according to the KBO (NACE 2025).
The sector is known for only 59% of the cases; too few to show a breakdown by sector.
Incorporations by sector
February 2025 against February 2024. Main activity according to the KBO (NACE 2025).
February 2025
February 2024
- Professional and technical services ≥ 1,361
- Construction ≥ 1,089
- Wholesale and retail trade ≥ 900
- Administrative and support services ≥ 663
- Other services ≥ 610
- Accommodation and food service ≥ 478
- Health and social work ≥ 395
- Arts, sports and recreation ≥ 387
- Telecoms and IT ≥ 379
- Education ≥ 302
Show all 22 sectors
- Manufacturing ≥ 280
- Transport and storage ≥ 253
- Real estate ≥ 248
- Finance and insurance ≥ 187
- Agriculture, forestry and fishing ≥ 170
- Publishing and media ≥ 95
- Households ≥ 48
- Water and waste ≥ 9
- Energy ≥ 8
- Public administration ≥ 1
- Mining and quarrying ≥ 0
- Extraterritorial organisations ≥ 0
The sector is known for 80% of the cases of February 2025 (1,976 without a sector). Hence no change per sector. This edition kept no count of active companies, so no figure per 10,000.
Notable sectors
The largest shifts against February 2024, from 10 cases and a difference of 5 cases.
For bankruptcies, the sectors of this month and of February 2024 are not equally well known (59% and 39%); a comparison per sector would measure our coverage, not the economy.
For incorporations, the sectors of this month and of February 2024 are not equally well known (80% and 79%); a comparison per sector would measure our coverage, not the economy.
Cite these figures
This page no longer changes: the link keeps pointing at the same figures.
Checked.be, Checked Barometer February 2025 (edition of 26 September 2026), https://checked.be/en/barometer/2025-02
How these figures are counted
- An edition appears on day 6 of the next month, so the last days of the month are processed, and is then frozen: the figures on this page no longer change. If data for the month arrives later, it is listed above under Revisions.
- Incorporations: companies per month of their start date in the Crossroads Bank for Enterprises, sole traders included.
- Bankruptcies, judicial reorganisations (opening) and judicial dissolutions: by month of publication in the Belgian Official Gazette, not of the judgment.
- Sectors: the main activity (NACE 2025) the KBO gave the company. Where the sector of part of the cases is unknown, the figure carries "≥" and we compare per sector only when both months are equally well known.
- Per 10,000 active companies: the month's figure against the sector's active companies on the day the edition was frozen.