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Highest equity in Belgium

NBB annual accounts · KBO

This ranking lists the companies in Belgium with the highest equity in their latest accounts.

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Belgium

all of Belgium
Largest employers
  1. 1HR RAIL27,811 FTE
  2. 2bpost23,730 FTE
  3. 3Randstad Belgium20,826 FTE
78,795 companies with this figureLargest balance sheets
  1. 1BNP Paribas Fortis€283bn
  2. 2KBC Bank€236bn
  3. 3ING BELGIE€149bn
589,796 companies with this figureHighest equity
  1. 1Anheuser-Busch InBev€81bn
  2. 2ATLAS SERVICES BELGIUM€23bn
  3. 3UCB PHARMA€16bn
515,733 companies with this figureFastest staff growth
  1. 1Legend Biotech Belgium+182% a year
  2. 2Okay City+172% a year
  3. 3FERM DIENSTENCHEQUES+162% a year
26,914 companies with this figureOldest companies
  1. 1AXA HOLDINGS BELGIUM1853
  2. 2IMMOBEL1863
  3. 3SOLVAY1863
589,075 companies with this figureHighest staff cost per FTE
  1. 1VERSALIS INTERNATIONAL€527,900
  2. 2NVIDIA Technologies Belgium€517,800
  3. 3IDEAL STANDARD INTERNATIONAL€478,800
29,056 employers Sectors with the highest staff cost
  1. 1Water transport€95,900
  2. 2Pharmaceuticals€94,200
  3. 3Research and development€94,000
median per sector, from 20 employers

Highest equity in Belgium, over the years

today's top 10, annual accounts filed 2020 to 2025
0€25bn€50bn€75bn€100bn202020212022202320242025Anheuser-Busch InBevATLAS SERVICES BELGIUMUCB PHARMAKBC GroepEXXONMOBIL PETROLEUM.Janssen PharmaceuticaFEDERALE PARTICIPATIE.GROEP BRUSSEL LAMBERTELECTRABELGlaxoSmithKline Biolo.0€25bn€50bn€75bn€100bn202020212022202320242025

Positions in 2025

  1. 1 Anheuser-Busch InBev €81bn
  2. 2 ATLAS SERVICES BELGIUM €23bn
  3. 3 UCB PHARMA €16bn
  4. 4 KBC Groep €15bn
  5. 5 EXXONMOBIL PETROLEUM & CHEMICAL €12bn
  6. 6 Janssen Pharmaceutica €12bn
  7. 7 FEDERALE PARTICIPATIE- EN INVESTERINGSMAATSCHAPPIJ €11bn
  8. 8 GROEP BRUSSEL LAMBERT €11bn
  9. 9 ELECTRABEL €10bn
  10. 10 GlaxoSmithKline Biologicals €10bn

The full list

Belgium

Top 50

Highest equity in Belgium

Equity · 515,733 companies with positive equity

Financial year 2025 for 92.7% of the companies

Equity of the company's own (statutory) accounts, not consolidated. Method and sources

  1. 1 Anheuser-Busch InBev BrusselsHead offices and management consultancy €81bn financial year 2025
  2. 2 ATLAS SERVICES BELGIUM EvereFinancial services €23bn financial year 2025
  3. 3 UCB PHARMA AnderlechtWholesale trade €16bn financial year 2025
  4. 4 KBC Groep Molenbeek-Saint-JeanFinancial services €15bn financial year 2025
  5. 5 EXXONMOBIL PETROLEUM & CHEMICAL AntwerpCoke and refined petroleum €12bn financial year 2025
  6. 6 Janssen Pharmaceutica BeersePharmaceuticals €12bn financial year 2025
  7. 7 FEDERALE PARTICIPATIE- EN INVESTERINGSMAATSCHAPPIJ BrusselsFinancial services €11bn financial year 2025
  8. 8 GROEP BRUSSEL LAMBERT BrusselsFinancial services €11bn financial year 2025
  9. 9 ELECTRABEL BrusselsElectricity, gas and steam €10bn financial year 2025
  10. 10 GlaxoSmithKline Biologicals RixensartPharmaceuticals €10bn financial year 2025
  11. 11 U C B AnderlechtOffice administrative support €9.2bn financial year 2025
  12. 12 NATIONALE MAATSCHAPPIJ DER BELGISCHE SPOORWEGEN Sint-Gillis (bij-Brussel)Land transport €8.1bn financial year 2025
  13. 13 SYENSQO BrusselsFinancial services €7.6bn financial year 2024
  14. 14 EDF INVESTISSEMENTS GROUPE IxellesFinancial services €7.3bn financial year 2025
  15. 15 Ageas Insurance International NV €7.2bn financial year 2025
  16. 16 J.C. GENERAL SERVICES BeerseFinancial services ≈ €6.9bn financial year 2025, converted
  17. 17 TOYOTA MOTOR EUROPE EvereWholesale trade €6.8bn financial year 2026
  18. 18 Colruyt Group HalleRetail trade €6.3bn financial year 2026
  19. 19 CAPARBEL €6.2bn financial year 2025
  20. 20 Azelis Group AntwerpFinancial services €6.1bn financial year 2025
  21. 21 Azelis Finance AntwerpFinancial services €5.8bn financial year 2025
  22. 22 argenx GhentResearch and development ≈ €5.7bn financial year 2025, converted
  23. 23 Hedera BrusselsWaste collection and treatment €5.6bn financial year 2025
  24. 24 Bayer Machelen (Brab.)Chemicals €5.5bn financial year 2025
  25. 25 VINCI FINANCE INTERNATIONAL BrusselsFinancial services €5.4bn financial year 2025
  26. 26 Elia Group BrusselsFinancial services €5.1bn financial year 2025
  27. 27 CTH INVEST Watermael-BoitsfortFinancial services €5bn financial year 2025
  28. 28 Wallonie Entreprendre LiègeFinancial services €5bn financial year 2025
  29. 29 Atlas Countries Support €4.8bn financial year 2025
  30. 30 crystal computing Saint-GhislainComputing infrastructure and information services €4.8bn financial year 2025
  31. 31 TotalEnergies Petrochemicals & Refining BrusselsCoke and refined petroleum €4.7bn financial year 2025
  32. 32 ENGIE ENERGY MANAGEMENT BrusselsHead offices and management consultancy €4.6bn financial year 2025
  33. 33 Sofina BrusselsFinancial services €4.5bn financial year 2025
  34. 34 UNILIN WielsbekeWood and cork €4.3bn financial year 2025
  35. 35 State Grid International Development Belgium Limited €4.3bn financial year 2025
  36. 36 Participatiemaatschappij Vlaanderen BrusselsFinancial services €4.2bn financial year 2025
  37. 37 MAATSCHAPPIJ VOOR ROEREND BEZIT VAN DE BOERENBOND LeuvenFinancial services €4.1bn financial year 2025
  38. 38 Samsonite Belgium Holdings ≈ €4.1bn financial year 2025, converted
  39. 39 Unilin Holding €4bn financial year 2025
  40. 40 Atlas Copco Airpower AntwerpMachinery and equipment €4bn financial year 2025
  41. 41 Titan BrusselsFinancial services €3.9bn financial year 2025
  42. 42 Elia Transmission Belgium BrusselsElectricity, gas and steam €3.9bn financial year 2025
  43. 43 INTERNATIONAL POWER BrusselsFinancial services €3.6bn financial year 2025
  44. 44 KBC ANCORA LeuvenFinancial services €3.6bn financial year 2026
  45. 45 TotalEnergies Treasury Belgium BrusselsAuxiliary financial services €3.5bn financial year 2025
  46. 46 ENGIE CC BrusselsHead offices and management consultancy €3.5bn financial year 2025
  47. 47 COMPAGNIE BENELUX PARTICIPATIONS BrusselsFinancial services €3.4bn financial year 2025
  48. 48 ENGIE ENERGY SERVICES INTERNATIONAL BrusselsFinancial services €3.4bn financial year 2025
  49. 49 SYENSQO PARTICIPATIONS BELGIQUE €3.4bn financial year 2025
  50. 50 Titan America BrusselsFinancial services €3.3bn financial year 2025

515,683 more companies with this figure are not in the top. Every company has its own dossier with all its figures.

Pick 2 to 6. This ranking as CSV All companies in the analysis workbench

The CSV holds the rows shown with place, sector, figure and financial year. The analysis workbench shows the same place and sector, sorted by this figure, with every registered company. Companies without recent accounts, which this ranking leaves out, are included too.

Next steps
Method and sources

Equity of the company's own (statutory) accounts, not consolidated. Only companies with positive equity.

Source
Annual accounts at the National Bank, KBO
Financial year
The latest per company. For 92.7% of the companies that is 2025.
Companies
515,733 companies with positive equity
Not included
Sole traders, companies in bankruptcy, liquidation or another abnormal situation in the register, and companies without accounts for 2024 or later.
Over the years
The lines show the figure of every filed standalone account of today's top 10, up to 9 years back. A company that stopped in those years is shown when it once filed at least today's tenth figure. The year is that of the financial year end.
Updated
13-11-2026

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