Checked Barometer July 2025
Edition of 26 September 2026 · KBO · Belgian Official Gazette
In July 2025, the Belgian Official Gazette published 855 bankruptcies, 6.5% more than in July 2024. In July 2025, 13,428 companies were incorporated, 17% more than in July 2024.
This edition was compiled on 26 September 2026, after its regular publication date (6 August 2025). The figures are that day's count and no longer change.
Bankruptcies
855
+6.5% year on year-12% month on month
10,483 over twelve months
Judicial reorganisations
61
+8.9% year on year+65% month on month
499 over twelve months
Judicial dissolutions
222
-54% year on year-28% month on month
3,690 over twelve months
In brief
Sentences taken straight from this edition's figures. Credit Checked.be as the source.
Incorporations
- In July 2025, 13,428 companies were incorporated, 17% more than in July 2024.
- Compared with June 2025 (7,876), that is 70% more.
- Over the twelve months from August 2024 to July 2025 there were 127,921, 10% more than the twelve months before.
Bankruptcies
- In July 2025, the Belgian Official Gazette published 855 bankruptcies, 6.5% more than in July 2024.
- Compared with June 2025 (977), that is 12% fewer.
- Over the twelve months from August 2024 to July 2025 there were 10,483, 3.2% more than the twelve months before.
- By area: 459 in Flanders, 191 in Wallonia and 205 in Brussels and Halle-Vilvoorde.
Judicial reorganisations
- In July 2025, the Belgian Official Gazette published 61 judicial reorganisations, 8.9% more than in July 2024.
- Compared with June 2025 (37), that is 65% more.
- Over the twelve months from August 2024 to July 2025 there were 499, as many as the twelve months before.
Judicial dissolutions
- In July 2025, the Belgian Official Gazette published 222 judicial dissolutions, 54% fewer than in July 2024.
- Compared with June 2025 (309), that is 28% fewer.
- Over the twelve months from August 2024 to July 2025 there were 3,690, 25% fewer than the twelve months before.
By region
July 2025, with the change on the same month a year earlier.
| Area | Incorporations | Bankruptcies | Judicial reorganisations | Judicial dissolutions |
|---|---|---|---|---|
| Flanders | 6,738+18% | 459+5.5% | 11-56% | 84+115% |
| Wallonia | 3,348+18% | 191-4.5% | 31+11% | 66-27% |
| Brussels and Halle-Vilvoorde | 2,342+11% | 205+22% | 19+533% | 72-79% |
| No known area | 1,000+31% | 0 | 0 | 0 |
| Belgium | 13,428+17% | 855+6.5% | 61+8.9% | 222-54% |
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
July 2025 against July 2024. Main activity according to the KBO (NACE 2025).
July 2025
July 2024
- Construction ≥ 123
- Wholesale and retail trade ≥ 105
- Accommodation and food service ≥ 79
- Professional and technical services ≥ 36
- Manufacturing ≥ 33
- Administrative and support services ≥ 33
- Transport and storage ≥ 29
- Other services ≥ 25
- Real estate ≥ 14
- Arts, sports and recreation ≥ 12
Show all 17 sectors
- Telecoms and IT ≥ 9
- Finance and insurance ≥ 6
- Agriculture, forestry and fishing ≥ 4
- Education ≥ 2
- Health and social work ≥ 2
- Water and waste ≥ 1
- Publishing and media ≥ 0
The sector is known for 60% of the cases of July 2025 (342 without a sector). Hence no change per sector. This edition kept no count of active companies, so no figure per 10,000.
Incorporations by sector
July 2025 against July 2024. Main activity according to the KBO (NACE 2025).
July 2025
July 2024
- Professional and technical services ≥ 1,963
- Construction ≥ 1,388
- Wholesale and retail trade ≥ 1,214
- Other services ≥ 1,026
- Administrative and support services ≥ 1,008
- Health and social work ≥ 637
- Accommodation and food service ≥ 584
- Arts, sports and recreation ≥ 500
- Telecoms and IT ≥ 488
- Manufacturing ≥ 458
Show all 22 sectors
- Education ≥ 398
- Transport and storage ≥ 378
- Real estate ≥ 285
- Agriculture, forestry and fishing ≥ 186
- Finance and insurance ≥ 125
- Publishing and media ≥ 119
- Households ≥ 54
- Energy ≥ 25
- Water and waste ≥ 13
- Public administration ≥ 3
- Mining and quarrying ≥ 1
- Extraterritorial organisations ≥ 1
The sector is known for 81% of the cases of July 2025 (2,574 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 July 2024, from 10 cases and a difference of 5 cases.
For bankruptcies, the sectors of this month and of July 2024 are not equally well known (60% and 41%); a comparison per sector would measure our coverage, not the economy.
For incorporations, the sectors of this month and of July 2024 are not equally well known (81% 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 July 2025 (edition of 26 September 2026), https://checked.be/en/barometer/2025-07
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.