Checked Barometer September 2025
Edition of 26 September 2026 · KBO · Belgian Official Gazette
In September 2025, the Belgian Official Gazette published 1,025 bankruptcies, as many as in September 2024. In September 2025, 10,327 companies were incorporated, 18% more than in September 2024.
This edition was compiled on 26 September 2026, after its regular publication date (6 October 2025). The figures are that day's count and no longer change.
Bankruptcies
1,025
0% year on year+84% month on month
10,577 over twelve months
Judicial reorganisations
35
+84% year on year0% month on month
521 over twelve months
Judicial dissolutions
152
+48% year on year+130% month on month
3,795 over twelve months
In brief
Sentences taken straight from this edition's figures. Credit Checked.be as the source.
Incorporations
- In September 2025, 10,327 companies were incorporated, 18% more than in September 2024.
- Compared with August 2025 (8,200), that is 26% more.
- Over the twelve months from October 2024 to September 2025 there were 130,819, 11% more than the twelve months before.
Bankruptcies
- In September 2025, the Belgian Official Gazette published 1,025 bankruptcies, as many as in September 2024.
- Compared with August 2025 (558), that is 84% more.
- Over the twelve months from October 2024 to September 2025 there were 10,577, 2.1% more than the twelve months before.
- By area: 479 in Flanders, 214 in Wallonia and 332 in Brussels and Halle-Vilvoorde.
Judicial reorganisations
- In September 2025, the Belgian Official Gazette published 35 judicial reorganisations, 84% more than in September 2024.
- That is as many as in August 2025 (35).
- Over the twelve months from October 2024 to September 2025 there were 521, 11% more than the twelve months before.
Judicial dissolutions
- In September 2025, the Belgian Official Gazette published 152 judicial dissolutions, 48% more than in September 2024.
- Compared with August 2025 (66), that is 130% more.
- Over the twelve months from October 2024 to September 2025 there were 3,795, 22% fewer than the twelve months before.
By region
September 2025, with the change on the same month a year earlier.
| Area | Incorporations | Bankruptcies | Judicial reorganisations | Judicial dissolutions |
|---|---|---|---|---|
| Flanders | 5,460+19% | 479-1% | 9+13% | 71+115% |
| Wallonia | 2,271+22% | 214-17% | 15+67% | 18+125% |
| Brussels and Halle-Vilvoorde | 1,960+15% | 332+19% | 11+450% | 63+1.6% |
| No known area | 636+15% | 0 | 0 | 0 |
| Belgium | 10,327+18% | 1,0250% | 35+84% | 152+48% |
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
September 2025 against September 2024. Main activity according to the KBO (NACE 2025).
September 2025
September 2024
- Construction ≥ 168
- Accommodation and food service ≥ 118
- Wholesale and retail trade ≥ 113
- Transport and storage ≥ 53
- Professional and technical services ≥ 46
- Administrative and support services ≥ 29
- Manufacturing ≥ 23
- Other services ≥ 23
- Telecoms and IT ≥ 13
- Real estate ≥ 11
Show all 18 sectors
- Publishing and media ≥ 9
- Arts, sports and recreation ≥ 9
- Finance and insurance ≥ 8
- Agriculture, forestry and fishing ≥ 7
- Water and waste ≥ 3
- Energy ≥ 1
- Education ≥ 1
- Health and social work ≥ 1
The sector is known for 62% of the cases of September 2025 (389 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
September 2025 against September 2024. Main activity according to the KBO (NACE 2025).
September 2025
September 2024
- Professional and technical services ≥ 1,901
- Construction ≥ 955
- Wholesale and retail trade ≥ 886
- Administrative and support services ≥ 659
- Health and social work ≥ 548
- Other services ≥ 542
- Accommodation and food service ≥ 431
- Education ≥ 397
- Telecoms and IT ≥ 375
- Arts, sports and recreation ≥ 318
Show all 22 sectors
- Transport and storage ≥ 279
- Manufacturing ≥ 243
- Real estate ≥ 227
- Finance and insurance ≥ 105
- Agriculture, forestry and fishing ≥ 92
- Publishing and media ≥ 91
- Households ≥ 52
- Energy ≥ 17
- Water and waste ≥ 12
- Mining and quarrying ≥ 0
- Public administration ≥ 0
- Extraterritorial organisations ≥ 0
The sector is known for 79% of the cases of September 2025 (2,197 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 September 2024, from 10 cases and a difference of 5 cases.
For bankruptcies, the sectors of this month and of September 2024 are not equally well known (62% and 41%); a comparison per sector would measure our coverage, not the economy.
For incorporations, the sectors of this month and of September 2024 are not equally well known (79% and 74%); 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 September 2025 (edition of 26 September 2026), https://checked.be/en/barometer/2025-09
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.