Checked Barometer
The Checked Barometer counts the bankruptcies, incorporations, reorganisations and dissolutions every month, by region and by sector. Every edition can be cited and stays frozen from the day it appears.
1,149 bankruptcies in October 2026265,508 bankruptcies since June 199734 editions since January 2024 12-11-2026 updated
Edition of September 2025
compiled on 05-11-2026, after the regular publication date (06-10-2025) · 1,028 bankruptcies and 10,324 incorporationsFigures by region
| Area | Bankruptcies | Incorporations | Reorganisations | Dissolutions |
|---|---|---|---|---|
| Flanders | 479-1% | 5,370+18% | 9+13% | 79+49% |
| Wallonia | 216-16% | 2,248+22% | 15+67% | 21+40% |
| Brussels | 333+19% | 1,914+14% | 11+450% | 81+21% |
| No known area | 0 | 792+21% | 0 | 0 |
| Belgium | 1,0280% | 10,324+18% | 35+84% | 181+34% |
A bankruptcy counts in the region of its court. The Brussels courts also serve Halle-Vilvoorde, which therefore counts with Brussels. An incorporation counts in the region of the registered office, for a sole trader in that of the first establishment.
Bankruptcies by sector
- Construction ≥ 168111
- Accommodation and food service ≥ 11584
- Wholesale and retail trade ≥ 11189
- Transport and storage ≥ 5323
- Professional and technical services ≥ 4323
- Administrative and support services ≥ 2921
- Other services ≥ 2411
- Manufacturing ≥ 2312
- Telecoms and IT ≥ 1312
- Real estate ≥ 119
Show 8 more
In grey: September 2024. The sector is known for 61% of the cases of September 2025 (399 without a sector). No change per sector is therefore computed.
Notable sectors
For bankruptcies, the sector is known for 61% of this month's cases, against 40% in September 2024. A comparison per sector would therefore not be meaningful.
For incorporations, the sector is known for 74% of this month's cases, against 70% in September 2024. A comparison per sector would therefore not be meaningful.
Incorporations by sector
- Professional and technical services ≥ 1,8051,298
- Construction ≥ 894708
- Wholesale and retail trade ≥ 798633
- Administrative and support services ≥ 611485
- Health and social work ≥ 529389
- Other services ≥ 508440
- Accommodation and food service ≥ 413328
- Education ≥ 374265
Show 14 more
- Telecoms and IT ≥ 354306
- Arts, sports and recreation ≥ 309250
- Transport and storage ≥ 258213
- Manufacturing ≥ 228196
- Real estate ≥ 222202
- Finance and insurance ≥ 105190
- Agriculture, forestry and fishing ≥ 8978
- Publishing and media ≥ 8868
- Households ≥ 4645
- Energy ≥ 1513
- Water and waste ≥ 116
- Mining and quarrying ≥ 01
- Public administration ≥ 020
- Extraterritorial organisations ≥ 01
In grey: September 2024. The sector is known for 74% of the cases of September 2025 (2,667 without a sector). No change per sector is therefore computed.
Insights from September 2025
In September 2025, the Belgian Official Gazette published 1,028 bankruptcies, as many as in September 2024.
In September 2025, 10,324 companies were incorporated, 18% more than in September 2024.
In September 2025, the Belgian Official Gazette published 35 judicial reorganisations, 84% more than in September 2024.
In September 2025, the Belgian Official Gazette published 181 judicial dissolutions, 34% more than in September 2024.
7 more sentences
Over the twelve months from October 2024 to September 2025 there were 11,714, 3.6% more than the twelve months before.
In September 2025 there were 479 bankruptcies in Flanders, 216 in Wallonia and 333 in Brussels and Halle-Vilvoorde.
September 2025: 1,028 bankruptcies, the most in any September since the comparable series began in 2019.
That is 26% more than in August 2025 (8,195).
Over the twelve months from October 2024 to September 2025 there were 130,814, 11% more than the twelve months before.
Over the twelve months from October 2024 to September 2025 there were 551, 6.8% more than the twelve months before.
Over the twelve months from October 2024 to September 2025 there were 5,241, 12% fewer than the twelve months before.
Citation
Checked.be, Checked Barometer September 2025 (edition of 5 November 2026), https://checked.be/en/barometer/2025-09
Embed in an article
Put the key figures of September 2025 in your article about companies in Belgium: incorporations, bankruptcies, reorganisations and dissolutions, with the change on a year earlier.
- An edition's figures are frozen. What your readers see no longer changes.
- It barely adds weight to your page: one small script and one data request, also answered from a cache. There are no cookies and no tracking.
- Where scripts do not run (a newsletter, a feed reader) a plain link remains.
The barometer in your inbox
You get one email a month, on the day a new edition appears (the 6th). It holds the key figures, the quotable sentences and the link to the edition. No account is needed.
You first get an email to confirm. Without confirmation we send nothing and delete the address after 7 days. We keep only your email address and language, for this email and nothing else. We use no tracking. You unsubscribe with one click at the bottom of every email. Privacy statement
Next steps
Method and sources
- An edition appears on the 6th of the next month, so the last days of the month are processed. After that the figures are fixed. Data that arrives later is listed under Revisions.
- Incorporations: companies per month of their start date in the KBO register, sole traders included.
- Companies still appear in the KBO weeks after their start date. A month's incorporations are therefore complete only two months after that month ends. Until then they carry no comparison.
- Bankruptcies, judicial reorganisations (opening) and judicial dissolutions count in the month of their publication in the Belgian Official Gazette, not in that of the judgment.
- In July and August, the judicial recess, the courts sit little. The three court figures are therefore not compared with either of those months, only with the same month a year earlier.
- The sector is the company's main activity (NACE 2025) in the KBO. The sign "≥" before a figure means that the sector of part of the cases is unknown. A comparison per sector is made only when the sector is equally well known in both months.
- The figure per 10,000 active companies sets the month's figure against the sector's active companies shortly after that month.
Every month since 2019 in the trends explorer
Definitions
All figures cover the same twelve months, November 2025 to October 2026, and were counted on 12 November 2026. The same definitions apply on every Checked market page.
- Incorporations in 12 months
- 153,357
- Enterprises with a KBO start date in those twelve months, sole traders included, even if they have stopped since.
- Bankruptcies in 12 months
- 12,147
- Declared bankruptcies the Belgian Official Gazette published in those twelve months, including those of natural persons without an enterprise number.
- Active companies
- 1,976,530
- Enterprises active in the KBO on 12 November 2026, sole traders included.
On this page
An edition's figures are fixed on the day it appears, so a quotation stays right. The edition of September 2025 has been fixed since 5 November 2026. The difference with today's count over the same twelve months is registrations and judgments that came in later.
| In the edition | 130,814 |
|---|---|
| came in or were struck off later, net | +5 |
| Counted today | 130,819 |
| In the edition | 11,714 |
|---|---|
| came in or were struck off later, net | 0 |
| Counted today | 11,714 |