Manufacture of electrical equipment
Filed accounts
NACE 27110 · financial year 2025 · 157 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 44.3% | 40.1% | 40.7% | 46.0% | 41.3% | 44.4% |
| Median net result | €13,744 | €20,163 | €22,943 | €26,608 | €17,344 | €17,563 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 28-09-2026 | Belgian Sun Tech
BE 1012.287.842 |
| 05-06-2026 | EUROPOWER GENERATORS
BE 0429.593.895 |
| 20-02-2026 | Cubitech
BE 0506.944.764 |
| 14-01-2026 | MH
BE 0799.106.883 |
| 17-09-2025 | DIRECT CURRENT ENERGY
BE 0722.673.160 |
| 08-07-2025 | Sunlogics
BE 0897.509.623 |
| 25-06-2025 | Dydyna, Dariusz
BE 0508.485.282 · sole trader · Ixelles |
| 24-03-2025 | WIDECONCEPT
BE 0790.546.238 |
Spread across the country
by region and province · 216 of 258 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
- Abroad
The balance sheets of division 27 on the map, by municipality and down to the address
Largest employers
NACE 27110 as first main activity · staff from the latest accounts- 1 ALSTOM BelgiumCharleroi 1,669 FTEfinancial year 2026
- 2 CG POWER SYSTEMS BELGIUM NVMechelen 439 FTEfinancial year 2019
- 3 ADB SAFEGATEMachelen (Brab.) 197 FTEfinancial year 2025
- 4 INDUCTOTHERM COATING EQUIPMENTHerstal 132 FTEfinancial year 2025
- 5 CG HOLDINGS BELGIUM NVMechelen 126 FTEfinancial year 2019
Joint committees
from the latest accounts of 73 companies- 209 White-collar workers in metal manufacturing 40
- 111 Metal, mechanical and electrical engineering 38
- 200 Auxiliary committee for white-collar workers 20
- 149.01 Electricians: installation and distribution 17
- 149 Sectors related to metal, mechanical and electrical engineering 4
- 112 Garages 2
- 124 Construction 2
- 201 Independent retail 2
Show the 3 others
- 100 Auxiliary committee for blue-collar workers 1
- 126 Furnishing and woodworking 1
- 149.02 Coachwork 1
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Division 27: Electrical equipment
Related activities
1 other activity| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Manufacture of electrical equipment27120 | 155 | 5 | 1 | 1,005 |
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.
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
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 €51.9m EU contribution
Insights on Manufacture of electrical equipment
Balance sheet and result. Return on equity of 8.0% is below Belgium's 15.9%. 8.3% of the annual accounts show negative equity, against 12.4% in Belgium. Liquidity of 1.87 is above Belgium's 1.66.
Bankruptcies. The median bankruptcy probability of 0.4% is above Belgium's 0.2%.
Inflow and structure. Half of the companies are younger than 15.1 years, against 8.1 years in Belgium. In 12 months, 3.1 of 100 companies started, against 8.9 in Belgium. That is fewer than in 84% of the 87 NACE divisions. 16.3% of the companies are sole traders, against 41.6% in Belgium.
Staff and filing. 34.2% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 2,562 of the 3,482 FTE: 73.6%.
Direction. The median net result rose from €13,744 in financial year 2020 to €17,563 in financial year 2025.
The comparison with Belgium as a whole and with the other divisions is as of 06-11-2026 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 27110 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 1,276,581 companies with a main activity, because only those belong to a division. The other 698,987 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. The direction per financial year follows the companies still registered today. Missing or 90 days late counts the companies with accounts missing today, or whose latest were filed more than 90 days after the deadline. The dossier follows the same rule.