Specialised construction activities
Activities
NACE division 43 · 29 activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| General electrical installation work43211 | 22,594 | 1,897 | 192 | 20,605 |
| Joinery installation43320 | 19,814 | 1,333 | 153 | 15,346 |
| Other specialised construction activities43990 | 15,124 | 501 | 199 | 13,534 |
| Installation of electric heating, air conditioning, cooling and ventilation43222 | 9,481 | 557 | 74 | 11,740 |
| Roofing work43410 | 8,467 | 773 | 130 | 6,130 |
| Site preparation43120 | 8,335 | 1,044 | 81 | 8,264 |
| Painting of buildings43341 | 7,801 | 686 | 71 | 2,911 |
| Other building finishing work43350 | 7,260 | 966 | 85 | 3,238 |
| Plumbing work43221 | 7,007 | 648 | 72 | 3,169 |
| Bricklaying and masonry work43910 | 4,259 | 477 | 34 | 459 |
| Insulation installation43230 | 4,216 | 585 | 43 | 2,509 |
| Other construction installation43240 | 4,009 | 372 | 50 | 4,721 |
Show all 29 activities
| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Plastering work43310 | 3,970 | 377 | 43 | 1,086 |
| Floor and wall tiling43331 | 3,894 | 322 | 58 | 926 |
| Demolition43110 | 1,331 | 120 | 19 | 1,545 |
| Electrical installation work in industrial facilities43212 | 1,100 | 61 | 14 | 1,051 |
| Wallpapering and laying of floor and wall coverings in other materials43333 | 895 | 57 | 3 | 645 |
| Screed work43422 | 739 | 55 | 8 | 313 |
| Laying of wooden floor and wall coverings43332 | 738 | 38 | 9 | 360 |
| Specialised construction activities43130 | 598 | 48 | 3 | 916 |
| Specialised construction activities43223 | 524 | 201 | 3 | 208 |
| Specialised construction activities43343 | 487 | 24 | 5 | 966 |
| Specialised construction activities43421 | 363 | 29 | 6 | 307 |
| Specialised construction activities43429 | 248 | 121 | 0 | 8 |
| Specialised construction activities43213 | 240 | 93 | 2 | 1 |
| Specialised construction activities43600 | 174 | 115 | 0 | - |
| Specialised construction activities43342 | 152 | 13 | 1 | 593 |
| Specialised construction activities43500 | 88 | 33 | 1 | - |
| Specialised construction activities43214 | 80 | 26 | 0 | 15 |
Filed accounts
NACE division 43 · financial year 2025 · 51,848 filed annual accounts| Per financial year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Median solvency | - | - | 40.8% | 41.9% | 42.5% | 44.0% | 45.5% | 45.9% |
| Median net result | - | - | €12,016 | €13,206 | €13,560 | €12,922 | €12,240 | €12,558 |
| Filed late | 44.3% | 50.3% | 48.8% | 47.4% | 45.5% | 44.1% | 42.6% | - |
Hold your customer's or competitor's figures against them in the Sector benchmark
Staff cost per FTE in NACE division 43
6,833 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €59,700 | €50,600 to €68,200 | 4,519 |
| 10 to 49 FTE | €64,000 | €55,800 to €71,400 | 2,081 |
| 50 to 249 FTE | €70,100 | €61,100 to €77,700 | 204 |
| 250 FTE or more | €77,000 | €70,500 to €82,400 | 29 |
Employers with the highest staff cost per FTE in this division All sectors by staff cost In the Analysis workbench
Bankruptcies
Bankruptcies per year in division 43
| Per year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcies | 1,238 | 1,118 | 1,196 | 1,285 | 1,406 | 957 | 996 | 1,374 | 1,496 | 1,820 | 1,847 | 1,294 |
| Jobs lost | 2,977 | 2,516 | 2,616 | 2,709 | 2,807 | 2,317 | 1,934 | 2,541 | 2,672 | 3,365 | 3,379 | 2,180 |
2026 through September. Every bankruptcy, also of companies that have since left the register. Source: Statbel (Directorate-General Statistics), NACE classification of 2008.
Recent bankruptcies
| Date | Company |
|---|---|
| 03-11-2026 | VE MONTAGE EN INSTALLATIE
BE 0472.799.873 |
| 03-11-2026 | NAS CONSTRUCT
BE 0533.750.616 |
| 03-11-2026 | Stefan, Ionut
BE 0536.717.925 · sole trader · Maldegem |
| 03-11-2026 | MCR GROUP
BE 0798.101.548 |
| 03-11-2026 | VESTA INSULATION
BE 0798.134.410 |
| 03-11-2026 | AKEBI WORKS
BE 0798.223.886 |
| 03-11-2026 | COPS CLEAN & REPAIR
BE 0804.272.530 |
| 30-10-2026 | BVBA DAMI
BE 0683.982.137 |
Running bankruptcies in the sector
NACE division 43Measured nationally: Of 108,606 bankruptcies of legal entities across Belgium, 49% were closed within five years for insufficient assets and 29% 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 5 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.
Spread across the country
by region and province · 72,186 of 128,990 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
- Abroad
This sector's balance sheets on the map, by municipality and down to the address
Largest employers
NACE division 43 · staff from the latest accounts- 1 SPIE BELGIUMAnderlecht 1,375 FTEfinancial year 2025
- 2 Altrad ServicesBeveren-Kruibeke-Zwijndrecht 1,099 FTEfinancial year 2025
- 3 DenysGhent 969 FTEfinancial year 2025
- 4 RENOTECGeel 845 FTEfinancial year 2025
- 5 JACOPSDeerlijk 647 FTEfinancial year 2025
Joint committees
from the latest accounts of 14,892 companies- 124 Construction 10,005
- 200 Auxiliary committee for white-collar workers 6,464
- 149.01 Electricians: installation and distribution 2,098
- 111 Metal, mechanical and electrical engineering 517
- 201 Independent retail 448
- 209 White-collar workers in metal manufacturing 436
- 149 Sectors related to metal, mechanical and electrical engineering 388
- 126 Furnishing and woodworking 334
Show the 12 others
- 100 Auxiliary committee for blue-collar workers 215
- 140.03 Road transport and logistics for third parties 123
- 149.04 Metal trade 120
- 121 Cleaning 104
- 145 Horticulture 84
- 302 Hotels and catering 64
- 140 Transport and logistics 48
- 109 Clothing and garment industry 40
- 226 White-collar workers in international trade, transport and logistics 38
- 132 Technical farming and horticulture work 34
- 116 Chemical industry 27
- 207 White-collar workers in the chemical industry 27
Source: the annual accounts at the National Bank. One filing can name more than one committee.
52 of the 67,052 companies in NACE division 43 have a parent company abroad. Main parent countries: Netherlands (18), France (9) and Germany (8). Together they employ 3,749 of the division's 101,568 FTE: 3.7%, against 14% for Belgium as a whole.
Subsidies in this sector
per register · legal entities with an enterprise number- Flemish subsidies €133.3m awarded
- Federal transfers 24.0m amount as published
- Wallonia-Brussels Federation €933,621 paid
- EU budget €97.9m attributed share
- EU research €10.3m EU contribution
Insights on Specialised construction
Balance sheet and result. 7.8% of the annual accounts show negative equity, against 12.4% in Belgium. The median net result of €13,192 is below Belgium's €16,539. 22.3% of the annual accounts close with a loss, against 26.7% in Belgium.
Bankruptcies. The median bankruptcy probability of 0.7% is above Belgium's 0.2%. In 12 months, 10.3 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 89% of the 87 other NACE divisions. By size, the median bankruptcy probability is 0.7% at under 10 FTE, 0.3% at 10 to 49 FTE, 0.3% at 50 to 249 FTE and 0.3% at 250 FTE or more.
Staff and filing. 42.6% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 4,935 of the 101,568 FTE: 4.9%.
Direction. Median solvency rose from 40.8% in financial year 2020 to 45.9% in financial year 2025. In 2025, Statbel counted 1,847 bankruptcies and 3,379 jobs lost, against 957 bankruptcies in 2020.
The comparison with Belgium as a whole and with the other divisions is as of 05-11-2026 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 43 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 1,275,887 companies with a main activity, because only those belong to a division. The other 699,448 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.