Checked Barometer October 2025
Edition of 26 September 2026 · KBO · Belgian Official Gazette
In October 2025, the Belgian Official Gazette published 1,169 bankruptcies, 33% more than in October 2024. In October 2025, 19,865 companies were incorporated, 24% more than in October 2024.
This edition was compiled on 26 September 2026, after its regular publication date (6 November 2025). The figures are that day's count and no longer change.
Bankruptcies
1,169
+33% year on year+14% month on month
10,870 over twelve months
Judicial reorganisations
48
+33% year on year+37% month on month
533 over twelve months
Judicial dissolutions
348
+8.1% year on year+129% month on month
3,821 over twelve months
In brief
Sentences taken straight from this edition's figures. Credit Checked.be as the source.
Incorporations
- In October 2025, 19,865 companies were incorporated, 24% more than in October 2024.
- Compared with September 2025 (10,327), that is 92% more.
- Over the twelve months from November 2024 to October 2025 there were 134,723, 13% more than the twelve months before.
- That is the highest monthly figure since January 2019, the start of this series.
Bankruptcies
- In October 2025, the Belgian Official Gazette published 1,169 bankruptcies, 33% more than in October 2024.
- Compared with September 2025 (1,025), that is 14% more.
- Over the twelve months from November 2024 to October 2025 there were 10,870, 4.8% more than the twelve months before.
- That is the highest monthly figure since January 2019, the start of this series.
- By area: 550 in Flanders, 291 in Wallonia and 328 in Brussels and Halle-Vilvoorde.
Judicial reorganisations
- In October 2025, the Belgian Official Gazette published 48 judicial reorganisations, 33% more than in October 2024.
- Compared with September 2025 (35), that is 37% more.
- Over the twelve months from November 2024 to October 2025 there were 533, 13% more than the twelve months before.
Judicial dissolutions
- In October 2025, the Belgian Official Gazette published 348 judicial dissolutions, 8.1% more than in October 2024.
- Compared with September 2025 (152), that is 129% more.
- Over the twelve months from November 2024 to October 2025 there were 3,821, 19% fewer than the twelve months before.
By region
October 2025, with the change on the same month a year earlier.
| Area | Incorporations | Bankruptcies | Judicial reorganisations | Judicial dissolutions |
|---|---|---|---|---|
| Flanders | 8,731+15% | 550+19% | 15-6.3% | 77+26% |
| Wallonia | 6,143+48% | 291+53% | 24+71% | 90-20% |
| Brussels and Halle-Vilvoorde | 3,688+14% | 328+46% | 9+50% | 181+22% |
| No known area | 1,303+31% | 0 | 0 | 0 |
| Belgium | 19,865+24% | 1,169+33% | 48+33% | 348+8.1% |
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
October 2025 against October 2024. Main activity according to the KBO (NACE 2025).
October 2025
October 2024
- Construction ≥ 178
- Wholesale and retail trade ≥ 137
- Accommodation and food service ≥ 128
- Professional and technical services ≥ 51
- Administrative and support services ≥ 51
- Transport and storage ≥ 38
- Manufacturing ≥ 31
- Other services ≥ 21
- Telecoms and IT ≥ 17
- Real estate ≥ 16
Show all 18 sectors
- Finance and insurance ≥ 10
- Arts, sports and recreation ≥ 9
- Agriculture, forestry and fishing ≥ 7
- Education ≥ 5
- Publishing and media ≥ 4
- Water and waste ≥ 3
- Health and social work ≥ 2
- Energy ≥ 1
The sector is known for 61% of the cases of October 2025 (460 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
October 2025 against October 2024. Main activity according to the KBO (NACE 2025).
October 2025
October 2024
- Professional and technical services ≥ 3,106
- Construction ≥ 2,155
- Wholesale and retail trade ≥ 1,717
- Other services ≥ 1,556
- Administrative and support services ≥ 1,437
- Health and social work ≥ 1,008
- Education ≥ 700
- Accommodation and food service ≥ 685
- Manufacturing ≥ 666
- Arts, sports and recreation ≥ 643
Show all 22 sectors
- Telecoms and IT ≥ 633
- Transport and storage ≥ 585
- Real estate ≥ 439
- Agriculture, forestry and fishing ≥ 190
- Publishing and media ≥ 182
- Finance and insurance ≥ 129
- Households ≥ 39
- Energy ≥ 21
- Water and waste ≥ 21
- Public administration ≥ 2
- Mining and quarrying ≥ 1
- Extraterritorial organisations ≥ 1
The sector is known for 80% of the cases of October 2025 (3,949 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 October 2024, from 10 cases and a difference of 5 cases.
For bankruptcies, the sectors of this month and of October 2024 are not equally well known (61% and 49%); a comparison per sector would measure our coverage, not the economy.
For incorporations, the sectors of this month and of October 2024 are not equally well known (80% and 77%); 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 October 2025 (edition of 26 September 2026), https://checked.be/en/barometer/2025-10
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.