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General construction of office buildings

Current registrations 327division 41: 31,724
Starters, 12 months 4413.5 per 100 · Belgium 8.9
Bankruptcies, 12 months 26.1 per 1,000 registrations · Belgium 6.2
Employment (FTE) 4038 employers · latest accounts
Median age 5.0 yearsBelgium 8.1 years
E-invoicing via Peppol 92.7%303 of 327 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 41002 · financial year 2025 · 132 filed annual accounts
Median solvency
28.5%
division 40.1% · Belgium 46.1%
Median net result
€14,383
division €11,256 · Belgium €16,492
Median equity
€86,651
division €69,953 · Belgium €98,323
Loss-making
25.2%
division 25.2% · Belgium 26.7%
Negative equity
12.9%
division 10.3% · Belgium 12.4%
Median return on equity
18.9%
division 16.1% · Belgium 15.9%
Median liquidity
1.41
division 1.62 · Belgium 1.66
Filed late
43.3%
financial year 2024, 127 filings · division 46.4% · Belgium 38.4%
Missing or 90 days late
5.5%
of 146 companies with annual accounts · division 7.5% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 26.1%23.4%28.3%29.5%33.2%28.5%
Median net result €9,025€8,016€9,219€17,806€6,958€14,383

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

Bankruptcies

Bankruptcies, 5 years, still registered
6
1.83% of the registrations · Belgium 1.68%
Running bankruptcies
8
24.5 per 1,000 registrations

Recent bankruptcies

Date Company
05-11-2026 MERSA
BE 0785.757.309
16-03-2026 KH Kontractors
BE 0793.602.728
22-12-2025 MBI HOME CONCEPT
BE 0804.315.288
02-07-2025 DE LEEUW EN PARTNERS
BE 0798.512.413
29-04-2024 GROUPE GOFFIN & FILS
BE 0726.937.893
19-03-2024 BATICOF
BE 0844.742.316
14-10-2022 GROUPE GOFFIN & FILS
BE 0726.937.893

Every bankruptcy in division 41, last 90 days

Spread across the country

by region and province · 261 of 327 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 144 · 55.2%
  • Wallonia 68 · 26.1%
  • Brussels 46 · 17.6%
  • Abroad 3 · 1.1%
fewer moremax 47

Largest employers

NACE 41002 as first main activity · staff from the latest accounts
  1. 1 Willemen BouwMechelen 312 FTEfinancial year 2025
  2. 2 DE PEUTERHerentals 55.0 FTEfinancial year 2025
  3. 3 MARGEMADilsen-Stokkem 14.0 FTEfinancial year 2026
  4. 4 EDIBOSUDFernelmont 11.5 FTEfinancial year 2025
  5. 5 E.T.I. CONSTRUCTWavre 7.0 FTEfinancial year 2025

Joint committees

from the latest accounts of 29 companies
  • 124 Construction 24
  • 200 Auxiliary committee for white-collar workers 24
  • 102.04 Quarries 1
  • 111 Metal, mechanical and electrical engineering 1
  • 149.01 Electricians: installation and distribution 1
  • 209 White-collar workers in metal manufacturing 1
  • 226 White-collar workers in international trade, transport and logistics 1

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

Division 41: Construction of buildings

Related activities

2 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
General construction of residential buildings41001 29,239 2,586 453 27,616
General construction of other non-residential buildings41003 2,409 254 33 5,980

Bankruptcies per year in division 41

Per year201520162017201820192020202120222023202420252026
Bankruptcies475401499488503340378535676735855592
Jobs lost1,5551,1621,2381,3631,0848609761,0451,2881,3921,4121,187

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 41

1,625 employers
Median
€60,500
Belgium €61,400
Middle half
€50,600 to €69,400
half of the employers lie between
Place among sectors
57 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €58,600 €48,100 to €66,600 995
10 to 49 FTE €62,000 €53,300 to €70,700 498
50 to 249 FTE €70,900 €64,300 to €78,800 121

Running bankruptcies in the sector

NACE division 41
Number
1,112
Half have run longer than
21 months
Belgium: 20 months
Longer than three years
32%
Belgium: 31%

Measured nationally: Of 108,651 bankruptcies of legal entities across Belgium, 49% were closed within five years for insufficient assets and 28% after liquidation, 3% were withdrawn. After five years, 20% were still open. Half had ended after 26 months (a quarter after 15, three quarters after 51 months).

This counts companies with this main activity in the register on 10 November 2026. The outcome itself is not measured by sector. The activity of a company that leaves the register after its bankruptcy is too often not kept to compare closed cases fairly.

Outcome by court and division

25 of the 20,261 companies in NACE division 41 have a parent company abroad. Main parent countries: France (5), Luxembourg (5) and Netherlands (5). Together they employ 1,574 of the division's 34,000 FTE: 4.6%, against 14% for Belgium as a whole.

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €166.8m awarded 2,152 recipients · 2022 to 2025 · largest: Tussenkomst FS3 aan initiatiefnemers
  • Wallonia-Brussels Federation €5.8m paid 3 recipients · 2023 to 2024 · largest: Infrastructures sportives et IPPJ
  • Federal transfers 65.3m amount as published 16 recipients · 2023 to 2025 · largest: Samenwerkingsakkoord Beliris - Kapitaaloverdracht overheidsbedrijven.
  • EU budget €9.5m attributed share 9 recipients · 2021 to 2025 · largest: Horizon Europe
  • EU research €1.8m EU contribution 10 recipients · 2015 to 2025 · largest: Horizon Europe

Explore every recipient in this sector

Insights on General construction of office buildings

Balance sheet and result. Solvency of 28.5% is below Belgium's 46.1%. Return on equity of 18.9% is above Belgium's 15.9%. Liquidity of 1.41 is below Belgium's 1.66.

Bankruptcies. The median bankruptcy probability of 1.6% is above Belgium's 0.2%.

Inflow and structure. 20.2% of the companies are sole traders, against 41.6% in Belgium. In 12 months, 13.5 of 100 companies started, against 8.9 in Belgium. That is more than in 92% of the 87 NACE divisions. Brussels holds 17.8% of the seats, against 12.5% in Belgium.

Staff and filing. 43.3% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 400 of the 403 FTE: 99.2%.

Direction. Median solvency rose from 26.1% in financial year 2020 to 28.5% in financial year 2025. The median net result rose from €9,025 in financial year 2020 to €14,383 in financial year 2025.

The comparison with Belgium as a whole and with the other divisions is as of 10-11-2026 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 41002 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 1,276,421 companies with a main activity, because only those belong to a division. The other 699,557 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.