Checked Barometer December 2025
Edition of 26 September 2026 · KBO · Belgian Official Gazette
In December 2025, the Belgian Official Gazette published 916 bankruptcies, 14% fewer than in December 2024. In December 2025, 11,185 companies were incorporated, 22% more than in December 2024.
This edition was compiled on 26 September 2026, after its regular publication date (6 January 2026). The figures are that day's count and no longer change.
Bankruptcies
916
-14% year on year-3.6% month on month
10,729 over twelve months
Judicial reorganisations
51
+11% year on year+46% month on month
521 over twelve months
Judicial dissolutions
264
-42% year on year-25% month on month
3,589 over twelve months
In brief
Sentences taken straight from this edition's figures. Credit Checked.be as the source.
Incorporations
- In December 2025, 11,185 companies were incorporated, 22% more than in December 2024.
- Compared with November 2025 (10,186), that is 9.8% more.
- Over the twelve months from January 2025 to December 2025 there were 138,555, 15% more than the twelve months before.
Bankruptcies
- In December 2025, the Belgian Official Gazette published 916 bankruptcies, 14% fewer than in December 2024.
- Compared with November 2025 (950), that is 3.6% fewer.
- Over the twelve months from January 2025 to December 2025 there were 10,729, 0.7% more than the twelve months before.
- By area: 474 in Flanders, 199 in Wallonia and 243 in Brussels and Halle-Vilvoorde.
Judicial reorganisations
- In December 2025, the Belgian Official Gazette published 51 judicial reorganisations, 11% more than in December 2024.
- Compared with November 2025 (35), that is 46% more.
- Over the twelve months from January 2025 to December 2025 there were 521, 4.8% more than the twelve months before.
Judicial dissolutions
- In December 2025, the Belgian Official Gazette published 264 judicial dissolutions, 42% fewer than in December 2024.
- Compared with November 2025 (353), that is 25% fewer.
- Over the twelve months from January 2025 to December 2025 there were 3,589, 18% fewer than the twelve months before.
By region
December 2025, with the change on the same month a year earlier.
| Area | Incorporations | Bankruptcies | Judicial reorganisations | Judicial dissolutions |
|---|---|---|---|---|
| Flanders | 5,841+15% | 474+2.4% | 13-54% | 45-6.3% |
| Wallonia | 2,915+36% | 199-18% | 21+24% | 29-82% |
| Brussels and Halle-Vilvoorde | 2,073+24% | 243-32% | 17+1600% | 190-21% |
| No known area | 356+13% | 0 | 0 | 0 |
| Belgium | 11,185+22% | 916-14% | 51+11% | 264-42% |
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
December 2025 against December 2024. Main activity according to the KBO (NACE 2025).
December 2025
December 2024
- Construction ≥ 149
- Wholesale and retail trade ≥ 106
- Accommodation and food service ≥ 99
- Transport and storage ≥ 46
- Professional and technical services ≥ 36
- Administrative and support services ≥ 36
- Manufacturing ≥ 34
- Telecoms and IT ≥ 26
- Other services ≥ 26
- Real estate ≥ 16
Show all 18 sectors
- Agriculture, forestry and fishing ≥ 9
- Finance and insurance ≥ 6
- Arts, sports and recreation ≥ 4
- Publishing and media ≥ 3
- Education ≥ 2
- Water and waste ≥ 1
- Energy ≥ 0
- Health and social work ≥ 0
The sector is known for 65% of the cases of December 2025 (317 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
December 2025 against December 2024. Main activity according to the KBO (NACE 2025).
December 2025
December 2024
- Professional and technical services ≥ 2,095
- Construction ≥ 1,163
- Wholesale and retail trade ≥ 984
- Administrative and support services ≥ 732
- Other services ≥ 534
- Health and social work ≥ 507
- Accommodation and food service ≥ 478
- Telecoms and IT ≥ 459
- Transport and storage ≥ 339
- Manufacturing ≥ 305
Show all 21 sectors
- Real estate ≥ 297
- Arts, sports and recreation ≥ 264
- Finance and insurance ≥ 201
- Education ≥ 190
- Agriculture, forestry and fishing ≥ 138
- Publishing and media ≥ 84
- Households ≥ 32
- Energy ≥ 14
- Water and waste ≥ 11
- Mining and quarrying ≥ 1
- Public administration ≥ 0
The sector is known for 79% of the cases of December 2025 (2,357 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 December 2024, from 10 cases and a difference of 5 cases.
For bankruptcies, the sectors of this month and of December 2024 are not equally well known (65% and 48%); a comparison per sector would measure our coverage, not the economy.
For incorporations, the sectors of this month and of December 2024 are not equally well known (79% and 76%); 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 December 2025 (edition of 26 September 2026), https://checked.be/en/barometer/2025-12
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.