Checked Barometer March 2025
Edition of 26 September 2026 · KBO · Belgian Official Gazette
In March 2025, the Belgian Official Gazette published 911 bankruptcies, 9.4% fewer than in March 2024. In March 2025, 8,274 companies were incorporated, 2.5% more than in March 2024.
This edition was compiled on 26 September 2026, after its regular publication date (6 April 2025). The figures are that day's count and no longer change.
Bankruptcies
911
-9.4% year on year+39% month on month
10,188 over twelve months
Judicial reorganisations
46
+21% year on year+188% month on month
500 over twelve months
Judicial dissolutions
336
-28% year on year+34% month on month
3,954 over twelve months
In brief
Sentences taken straight from this edition's figures. Credit Checked.be as the source.
Incorporations
- In March 2025, 8,274 companies were incorporated, 2.5% more than in March 2024.
- Compared with February 2025 (9,839), that is 16% fewer.
- Over the twelve months from April 2024 to March 2025 there were 122,697, 9.9% more than the twelve months before.
Bankruptcies
- In March 2025, the Belgian Official Gazette published 911 bankruptcies, 9.4% fewer than in March 2024.
- Compared with February 2025 (656), that is 39% more.
- Over the twelve months from April 2024 to March 2025 there were 10,188, 5.9% more than the twelve months before.
- By area: 470 in Flanders, 210 in Wallonia and 231 in Brussels and Halle-Vilvoorde.
Judicial reorganisations
- In March 2025, the Belgian Official Gazette published 46 judicial reorganisations, 21% more than in March 2024.
- Compared with February 2025 (16), that is 188% more.
- Over the twelve months from April 2024 to March 2025 there were 500, 2.5% more than the twelve months before.
Judicial dissolutions
- In March 2025, the Belgian Official Gazette published 336 judicial dissolutions, 28% fewer than in March 2024.
- Compared with February 2025 (250), that is 34% more.
- Over the twelve months from April 2024 to March 2025 there were 3,954, 22% fewer than the twelve months before.
By region
March 2025, with the change on the same month a year earlier.
| Area | Incorporations | Bankruptcies | Judicial reorganisations | Judicial dissolutions |
|---|---|---|---|---|
| Flanders | 4,294+0.8% | 470-8.4% | 12-20% | 147+48% |
| Wallonia | 1,917+3.5% | 210-21% | 17-5.6% | 14-84% |
| Brussels and Halle-Vilvoorde | 1,616+5.7% | 231+2.7% | 17+240% | 175-38% |
| No known area | 447+3.5% | 0-100% | 0 | 0 |
| Belgium | 8,274+2.5% | 911-9.4% | 46+21% | 336-28% |
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
March 2025 against March 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
March 2025 against March 2024. Main activity according to the KBO (NACE 2025).
March 2025
March 2024
- Professional and technical services ≥ 1,206
- Construction ≥ 823
- Wholesale and retail trade ≥ 705
- Administrative and support services ≥ 586
- Other services ≥ 446
- Accommodation and food service ≥ 397
- Telecoms and IT ≥ 318
- Arts, sports and recreation ≥ 305
- Health and social work ≥ 299
- Manufacturing ≥ 248
Show all 22 sectors
- Transport and storage ≥ 240
- Real estate ≥ 193
- Agriculture, forestry and fishing ≥ 186
- Education ≥ 185
- Finance and insurance ≥ 126
- Publishing and media ≥ 68
- Households ≥ 35
- Energy ≥ 14
- Water and waste ≥ 7
- Public administration ≥ 3
- Extraterritorial organisations ≥ 1
- Mining and quarrying ≥ 0
The sector is known for 77% of the cases of March 2025 (1,883 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 March 2024, from 10 cases and a difference of 5 cases.
For bankruptcies, the sectors of this month and of March 2024 are not equally well known (59% and 40%); a comparison per sector would measure our coverage, not the economy.
For incorporations, the sectors of this month and of March 2024 are not equally well known (77% and 78%); 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 March 2025 (edition of 26 September 2026), https://checked.be/en/barometer/2025-03
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.