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Construction of residential and non-residential buildings

Current registrations 1,064division 41: 31,729
Bankruptcies, 5 years, still registered 222.07% of the registrations · Belgium 1.68%

Bankruptcies

Recent bankruptcies

Date Company
15-09-2026 De Bosscher, Mahiel
BE 0824.996.876 · sole trader · Aalst
01-06-2026 VU PROJECTS
BE 0681.888.323
11-03-2026 DEVLOP PROMOTIONS IMMOBILIERES
BE 0681.629.589
20-02-2026 PRIAES
BE 0642.745.457
19-02-2026 Management MA
BE 0894.203.012
18-02-2026 STALUS
BE 1000.112.560
09-02-2026 Gherbi, Youssef
BE 0535.887.881 · sole trader · Beveren-Kruibeke-Zwijndrecht
24-09-2025 PROHOME
BE 0755.434.713

Every bankruptcy in division 41, last 90 days

Spread across the country

by region and province · 1,033 of 1,064 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 745 · 72.1%
  • Wallonia 158 · 15.3%
  • Brussels 123 · 11.9%
  • Abroad 7 · 0.7%
fewer moremax 211

Division 41: Construction of buildings

Filed accounts of the division

NACE division 41 · financial year 2025 · 15,451 filed annual accounts
Median solvency
40.1%
Belgium 46.1%
Median net result
€11,264
Belgium €16,516
Median equity
€70,066
Belgium €98,395
Loss-making
25.2%
Belgium 26.7%
Negative equity
10.3%
Belgium 12.4%
Median return on equity
16.2%
Belgium 15.9%
Median liquidity
1.62
Belgium 1.66
Filed late
46.4%
financial year 2024, 13,263 filings · Belgium 38.4%
Missing or 90 days late
7.5%
of 17,805 companies with annual accounts · Belgium 5.4%
Per financial year20182019202020212022202320242025
Median solvency --36.2%36.9%38.2%38.8%40.5%41.0%
Median net result --€10,256€11,341€11,364€10,309€9,670€10,386
Filed late 45.0%51.0%49.7%49.0%47.8%46.9%46.4%-

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

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 €66,700 996
10 to 49 FTE €61,800 €53,300 to €70,700 497
50 to 249 FTE €70,900 €64,300 to €78,800 121

Running bankruptcies in the sector

NACE division 41
Number
1,113
Half have run longer than
21 months
Belgium: 20 months
Longer than three years
32%
Belgium: 31%

Measured nationally: Of 108,562 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 6 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 20,278 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 33,996 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
  • Federal transfers 65.3m amount as published 16 recipients · 2023 to 2025 · largest: Samenwerkingsakkoord Beliris - Kapitaaloverdracht overheidsbedrijven.
  • Wallonia-Brussels Federation €5.8m paid 3 recipients · 2023 to 2024 · largest: Infrastructures sportives et IPPJ
  • 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 Construction of residential and non-residential buildings

Inflow and structure. This activity holds 3.4% of the registrations of Construction of buildings.

The comparison with Belgium as a whole and with the other divisions is as of 07-11-2026 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 2008 classification, the version in which code 41102 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 1,276,547 companies with a main activity, because only those belong to a division. The other 699,272 registrations publish no activity.