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Production of electricity from non-renewable sources

Current registrations 712division 35: 1,771
Starters, 12 months 40.6 per 100 · Belgium 8.9
Employment (FTE) 13,33767 employers · latest accounts
Median age 14.5 yearsBelgium 8.1 years
E-invoicing via Peppol 87.5%623 of 712 companies in the Peppol Directory · Belgium 85.0%

No bankruptcy in the past twelve months.

Filed accounts

NACE 35110 · financial year 2025 · 555 filed annual accounts
Median solvency
35.9%
division 32.6% · Belgium 46.1%
Median net result
€35,818
division €22,615 · Belgium €16,520
Median equity
€542,779
division €448,873 · Belgium €98,421
Loss-making
35.0%
division 36.4% · Belgium 26.7%
Negative equity
12.3%
division 13.8% · Belgium 12.4%
Median return on equity
7.1%
division 7.1% · Belgium 15.9%
Median liquidity
1.49
division 1.36 · Belgium 1.66
Filed late
26.5%
financial year 2024, 551 filings · division 27.0% · Belgium 38.4%
Missing or 90 days late
3.1%
of 581 companies with annual accounts · division 3.4% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 35.2%31.9%32.8%34.2%35.0%35.9%
Median net result €66,963€43,358€62,613€67,155€19,479€35,818

Hold your customer's or competitor's figures against them in the Sector benchmark

Bankruptcies

Bankruptcies, 5 years, still registered
7
0.98% of the registrations · Belgium 1.68%
Running bankruptcies
9
12.6 per 1,000 registrations

Recent bankruptcies

Date Company
22-09-2025 BIOGAS DE BIEZEN
BE 0892.211.047
31-12-2024 VIRTUAL - POWER
BE 0671.578.015
12-04-2024 ENERWOOD
BE 0842.611.581
04-08-2023 FE GO24
BE 0845.617.789
16-06-2023 Elugie
BE 0844.789.628
24-05-2023 Mavzer Group
BE 0670.781.328
27-12-2022 QUIRYNEN ENERGY FARMING
BE 0885.812.611

Every bankruptcy in division 35, last 90 days

Spread across the country

by region and province · 659 of 712 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 390 · 59.2%
  • Wallonia 179 · 27.2%
  • Brussels 83 · 12.6%
  • Abroad 7 · 1.1%
fewer moremax 105

Largest employers

NACE 35110 as first main activity · staff from the latest accounts
  1. 1 Fluvius System OperatorMerelbeke-Melle 5,326 FTEfinancial year 2025
  2. 2 ELECTRABELBrussels 4,261 FTEfinancial year 2025
  3. 3 LuminusSaint-Josse-ten-Noode 1,181 FTEfinancial year 2025
  4. 4 RESALiège 931 FTEfinancial year 2025
  5. 5 Clinique Psychiatrique des Frères AlexiensWelkenraedt 400 FTEfinancial year 2025

Joint committees

from the latest accounts of 78 companies
  • 200 Auxiliary committee for white-collar workers 36
  • 326 Gas and electricity 27
  • 100 Auxiliary committee for blue-collar workers 7
  • 209 White-collar workers in metal manufacturing 5
  • 149.01 Electricians: installation and distribution 4
  • 142.04 Recovery of raw materials 3
  • 124 Construction 2
  • 145 Horticulture 2
Show the 8 others
  • 323 Building management, estate agents and domestic staff 2
  • 111 Metal, mechanical and electrical engineering 1
  • 140.03 Road transport and logistics for third parties 1
  • 144 Agriculture 1
  • 152.02 Subsidised private schools 1
  • 207 White-collar workers in the chemical industry 1
  • 225.02 White-collar workers in subsidised private schools 1
  • 329.02 Socio-cultural sector 1

Source: the annual accounts at the National Bank. One filing can name more than one committee.

Division 35: Electricity, gas and steam

Related activities

5 other activities

Bankruptcies per year in division 35

Per year201520162017201820192020202120222023202420252026
Bankruptcies6978944613692
Jobs lost612112121456201915132

2026 through August. 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 35

130 employers
Median
€90,300
Belgium €61,400
Middle half
€62,400 to €118,600
half of the employers lie between
Place among sectors
5 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €80,900 €50,800 to €103,100 61
10 to 49 FTE €94,700 €63,500 to €110,200 47

Foreign control in NACE division 35

1,325 registered companies

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €1.32bn awarded 141 recipients · 2022 to 2025 · largest: Netbeheerdervergoedingen opkoop certificaten
  • Federal transfers 325.8m amount as published 9 recipients · 2023 to 2025 · largest: Subsidie aan NV ELECTRABEL in het kader van de verlenging van de de kerncentrales Doel 4 en Tihange 3
  • Wallonia-Brussels Federation €627,278 paid 1 recipient · 2022 to 2025 · largest: Subventions de fonctionnement aux internats
  • EU budget €186.4m attributed share 18 recipients · 2021 to 2025 · largest: Innovation Fund
  • EU research €14.9m EU contribution 25 recipients · 2008 to 2026 · largest: Horizon 2020

Explore every recipient in this sector

Insights on Production of electricity from non-renewable sources

Balance sheet and result. The median net result of €35,818 is above Belgium's €16,520. Return on equity of 7.1% is below Belgium's 15.9%. 35.0% of the annual accounts close with a loss, against 26.7% in Belgium.

Bankruptcies. The median bankruptcy probability of 0.2% is below Belgium's 0.2%.

Inflow and structure. 7.4% of the companies are sole traders, against 41.6% in Belgium. Half of the companies are younger than 14.5 years, against 8.1 years in Belgium. Wallonia holds 27.5% of the seats, against 22.7% in Belgium.

Staff and filing. 26.5% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 12,099 of the 13,337 FTE: 90.7%.

Direction. The median net result fell from €66,963 in financial year 2020 to €35,818 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 35110 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.