Manufacture of electrical equipment
Activities
NACE division 27 · 11 activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Manufacture of electrical equipment27110 | 258 | 8 | 4 | 3,482 |
| Manufacture of electrical equipment27402 | 252 | 7 | 3 | 1,108 |
| Manufacture of electrical equipment27120 | 155 | 5 | 1 | 1,005 |
| Manufacture of electrical equipment27900 | 138 | 3 | 2 | 3,214 |
| Manufacture of electrical equipment27510 | 78 | 2 | 1 | 566 |
| Manufacture of electrical equipment27401 | 54 | 9 | 1 | 2 |
| Manufacture of electrical equipment27200 | 46 | 1 | 0 | 841 |
| Manufacture of electrical equipment27320 | 43 | 6 | 0 | 1,556 |
| Manufacture of electrical equipment27330 | 29 | 4 | 0 | 108 |
| Manufacture of electrical equipment27520 | 15 | 0 | 0 | - |
| Manufacture of electrical equipment27310 | 10 | 1 | 0 | 156 |
Filed accounts
NACE division 27 · financial year 2025 · 645 filed annual accounts| Per financial year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Median solvency | - | - | 37.9% | 40.3% | 38.2% | 42.1% | 42.0% | 43.5% |
| Median net result | - | - | €14,225 | €16,891 | €17,196 | €20,087 | €15,149 | €15,059 |
| Filed late | 36.7% | 45.6% | 40.4% | 40.0% | 38.3% | 39.6% | 37.0% | - |
Hold your customer's or competitor's figures against them in the Sector benchmark
Staff cost per FTE in NACE division 27
194 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €66,800 | €52,200 to €86,600 | 86 |
| 10 to 49 FTE | €70,700 | €59,600 to €84,400 | 76 |
| 50 to 249 FTE | €83,100 | €72,600 to €93,200 | 21 |
Employers with the highest staff cost per FTE in this division All sectors by staff cost In the Analysis workbench
Bankruptcies
Bankruptcies per year in division 27
| Per year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcies | 5 | 6 | 9 | 7 | 11 | 7 | 6 | 4 | 8 | 9 | 12 | 8 |
| Jobs lost | 13 | 73 | 63 | 13 | 76 | 526 | 16 | 5 | 51 | 83 | 200 | 160 |
2026 through September. Every bankruptcy, also of companies that have since left the register. Source: Statbel (Directorate-General Statistics), NACE classification of 2008.
Recent bankruptcies
| Date | Company |
|---|---|
| 28-10-2026 | JANSEN PRODUCTS
BE 0891.327.258 |
| 28-09-2026 | Belgian Sun Tech
BE 1012.287.842 |
| 16-09-2026 | Vandevelde, Jean
BE 0641.581.259 · sole trader · Sint-Truiden |
| 31-08-2026 | ALINSTAL
BE 0432.820.730 |
| 26-08-2026 | CONNECTUM
BE 0471.761.280 |
| 14-07-2026 | Sign & Facade
BE 0411.954.545 |
| 05-06-2026 | EUROPOWER GENERATORS
BE 0429.593.895 |
| 27-04-2026 | E.D.C.-GENT
BE 0433.810.922 |
Spread across the country
by region and province · 844 of 1,060 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
- Abroad
This sector's balance sheets on the map, by municipality and down to the address
Largest employers
NACE division 27 · staff from the latest accounts- 1 ALSTOM BelgiumCharleroi 1,669 FTEfinancial year 2026
- 2 BARCOKortrijk 1,246 FTEfinancial year 2025
- 3 Kabelwerk Eupen AGEupen 804 FTEfinancial year 2025
- 4 NEXANS BENELUXCharleroi 542 FTEfinancial year 2025
- 5 NikoSint-Niklaas 375 FTEfinancial year 2025
Joint committees
from the latest accounts of 314 companies- 209 White-collar workers in metal manufacturing 131
- 111 Metal, mechanical and electrical engineering 127
- 200 Auxiliary committee for white-collar workers 117
- 149.01 Electricians: installation and distribution 83
- 149 Sectors related to metal, mechanical and electrical engineering 17
- 149.04 Metal trade 10
- 201 Independent retail 7
- 100 Auxiliary committee for blue-collar workers 6
Show the 12 others
- 124 Construction 6
- 207 White-collar workers in the chemical industry 6
- 116 Chemical industry 4
- 112 Garages 3
- 109 Clothing and garment industry 2
- 126 Furnishing and woodworking 2
- 215 White-collar workers in the clothing and garment industry 2
- 120 Textile industry 1
- 130 Printing, graphic arts and newspapers 1
- 136 Paper and cardboard processing 1
- 149.02 Coachwork 1
- 214 White-collar workers in the textile industry 1
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Foreign control in NACE division 27
729 registered companiesSubsidies in this sector
per register · legal entities with an enterprise number- Flemish subsidies €23.7m awarded
- Federal transfers 3.2m amount as published
- EU budget €32.1m attributed share
- EU research €51.4m EU contribution
Insights on Electrical equipment
Balance sheet and result. Return on equity of 10.0% is below Belgium's 15.9%. 30.7% of the annual accounts close with a loss, against 26.7% in Belgium.
Bankruptcies. In 12 months, 11.3 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 92% of the 87 other NACE divisions. The median bankruptcy probability of 0.4% is above Belgium's 0.2%. By size, the median bankruptcy probability is 0.6% at under 10 FTE and 0.3% at 10 to 49 FTE.
Inflow and structure. Half of the companies are younger than 14.7 years, against 8.1 years in Belgium. In 12 months, 4.2 of 100 companies started, against 8.8 in Belgium. That is fewer than in 76% of the 86 other NACE divisions. 20.4% of the companies are sole traders, against 41.6% in Belgium.
Staff and filing. The median staff cost per FTE of €70,710 is above Belgium's €61,416. The 5 largest employers hold 4,634 of the 12,038 FTE: 38.5%.
Direction. Median solvency rose from 37.9% in financial year 2020 to 43.5% in financial year 2025. In 2024, Statbel counted 9 bankruptcies and 83 jobs lost, against 7 bankruptcies in 2018.
The comparison with Belgium as a whole and with the other divisions is as of 05-11-2026 05:30.
Method and sources
Every company registered today counts under its main activities in the KBO. Establishment units do not count. Staff counts once, under the employer's first main activity, from its latest accounts and only where it fits the staff costs. The count follows the NACE 2025 classification, the version in which code 27 exists.
The bankruptcies over five years count only companies still registered today, because the activity of a company that left the register is not kept. So they are fewer than the bankruptcies of those years, and the figure is not a probability for the future. Over twelve months the count is nearly complete, because a bankrupt company stays registered while its bankruptcy runs. A company with more than one main activity counts in each of those sectors.
The comparison with Belgium as a whole and with the other NACE divisions rests on an overview of every division, counted again each night. Each division is counted in the version of the NACE classification in which it exists. A standing such as "more than in 80%" compares with the other divisions that have the figure. A division's bankruptcy probability is the median over its companies with a score. Belgium here counts the 1,275,887 companies with a main activity, because only those belong to a division. The other 699,448 registrations publish no activity.
Each median is the value of the middle company, computed over the annual accounts of financial year 2025, and is shown only from 30 accounts. A share (loss-making, negative equity) counts that year's accounts with that trait. Accounts are late when they are filed after the statutory deadline.