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Electricity, gas, steam and air conditioning supply

Current registrations 105division 35: 1,767
Starters, 12 months 1615.2 per 100 · Belgium 8.9
Employment (FTE) 1046 employers · latest accounts
Median age 2.7 yearsBelgium 8.1 years
E-invoicing via Peppol 83.8%88 of 105 companies in the Peppol Directory · Belgium 85.0%

No bankruptcy in the past five years.

Filed accounts

NACE 35120 · financial year 2025 · 50 filed annual accounts
Median solvency
43.5%
division 32.5% · Belgium 46.1%
Median net result
€69,241
division €22,526 · Belgium €16,500
Median equity
€2.2m
division €447,766 · Belgium €98,350
Loss-making
36.0%
division 36.5% · Belgium 26.7%
Negative equity
6.0%
division 13.8% · Belgium 12.4%
Median return on equity
3.7%
division 7.1% · Belgium 15.9%
Median liquidity
1.69
division 1.37 · Belgium 1.66
Filed late
11.9%
financial year 2024, 42 filings · division 26.7% · Belgium 38.4%
Missing or 90 days late
0.0%
of 50 companies with annual accounts · division 3.4% · Belgium 5.4%
Per financial year20212022202320242025
Median solvency 32.9%41.3%43.8%43.4%43.5%
Median net result €277,036€357,832€267,486€169,150€69,241

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

Spread across the country

by region and province · 91 of 105 enterprises with a registered office on file · a sole trader has no published seat
  • Wallonia 33 · 36.3%
  • Flanders 32 · 35.2%
  • Brussels 26 · 28.6%
fewer moremax 26

Largest employers

NACE 35120 as first main activity · staff from the latest accounts
  1. 1 ECOPOWERAntwerp 48.2 FTEfinancial year 2025
  2. 2 C - PowerOstend 20.9 FTEfinancial year 2025
  3. 3 NORTHEROstend 16.6 FTEfinancial year 2025
  4. 4 EnerGentGhent 11.6 FTEfinancial year 2025
  5. 5 COURANT D'AIRButgenbach 4.1 FTEfinancial year 2025

Joint committees

from the latest accounts of 4 companies
  • 200 Auxiliary committee for white-collar workers 2
  • 326 Gas and electricity 2
  • 100 Auxiliary committee for blue-collar workers 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 Electricity, gas, steam and air conditioning supply

Balance sheet and result. The median net result of €69,241 is above Belgium's €16,500. Return on equity of 3.7% is below Belgium's 15.9%. 6.0% of the annual accounts show negative equity, against 12.4% in Belgium.

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

Inflow and structure. Brussels holds 28.6% of the seats, against 12.5% in Belgium. In 12 months, 15.2 of 100 companies started, against 8.9 in Belgium. That is more than in 94% of the 87 NACE divisions. 13.3% of the companies are sole traders, against 41.6% in Belgium.

Staff and filing. 11.9% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 101 of the 104 FTE: 97.2%.

Direction. Median solvency rose from 32.9% in financial year 2021 to 43.5% in financial year 2025. The median net result fell from €277,036 in financial year 2021 to €69,241 in financial year 2025.

The comparison with Belgium as a whole and with the other divisions is as of 08-11-2026 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 35120 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 1,276,474 companies with a main activity, because only those belong to a division. The other 699,509 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.