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Specialised construction activities

NACE 43130 · division 43 Specialised construction
Current registrations 598division 43: 128,977
Starters, 12 months 11,428division 43 · 8.9 per 100 · Belgium 7.5
Bankruptcies, 5 years 111.84% of the registrations · Belgium 1.61%
Employment (FTE) 118,402division 43 · financial year 2025
Median age 7.7 yearsdivision 43 · Belgium 10.7 years

Filed accounts of the division

NACE division 43 · financial year 2025 · 51,667 filed annual accounts
Median solvency
45.3%
Belgium 46.2%
Median net result
€13,194
Belgium €16,569
Median equity
€82,246
Belgium €98,595
Loss-making
22.3%
Belgium 26.7%
Negative equity
7.7%
Belgium 12.4%
Median return on equity
15.5%
Belgium 16.0%
Median liquidity
1.76
Belgium 1.66

Staff cost per FTE in NACE division 43

6,832 employers
Median
€61,500
Belgium €61,400
Middle half
€52,500 to €69,800
half of the employers lie between
Place among sectors
56 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €59,700 €50,600 to €68,200 4,519
10 to 49 FTE €63,900 €55,800 to €71,400 2,080
50 to 249 FTE €70,100 €61,100 to €77,700 204
250 FTE or more €77,000 €70,500 to €82,400 29

Bankruptcies

Bankruptcies, 12 months
1,333
division 43 · 10.3 per 1,000 registrations · Belgium 5.5

Recent bankruptcies

Date Company
01-04-2026 DC BORINGEN
BE 0883.546.769
20-02-2026 APC
BE 0444.644.436
22-12-2025 EZ DRILLING
BE 0792.826.827
02-06-2025 DAMO Concrete & Firestopping Solutions
BE 0753.405.433
12-05-2025 RG DIAMANTBETONBORINGEN
BE 0628.966.014
21-03-2025 Vingolato, Sebastiano
BE 0727.793.374 · sole trader · Grâce-Hollogne
06-03-2025 Zimbru, Grigore
BE 0660.698.672 · sole trader · Brussel
27-09-2024 Oancǎ, Ionuţ
BE 0754.592.692 · sole trader · Aalst

Every bankruptcy in division 43, last 90 days

Running bankruptcies in the sector

NACE division 43
Number
2,765
Half have run longer than
22 months
Belgium: 20 months
Longer than three years
31%
Belgium: 31%

Measured nationally: Of 108,424 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entities across Belgium, 49% were closed within five years for insufficient assets and 28% after liquidation, 3% were withdrawn.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 2 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

Spread across the country

by region and province · 403 of 598 enterprises with a registered office on file
  • Flanders 306 · 75.9%
  • Wallonia 75 · 18.6%
  • Brussels 22 · 5.5%
fewer moremax 95

Largest employers

NACE division 43 · staff from the latest accounts
  1. 1 SPIE BELGIUMAnderlecht 1,375 FTEfinancial year 2025
  2. 2 Altrad ServicesBeveren-Kruibeke-Zwijndrecht 1,099 FTEfinancial year 2025
  3. 3 DenysGhent 969 FTEfinancial year 2025
  4. 4 RENOTECGeel 845 FTEfinancial year 2025
  5. 5 JACOPSDeerlijk 647 FTEfinancial year 2025

52 of the 67,055 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 15% for Belgium as a whole.

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €133.3m awarded 11,263 recipients · 2022 to 2025 · largest: Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
  • Federal transfers 24.0m amount as published 18 recipients · 2023 to 2025 · largest: Toelagen OCMW's recht op maatschappelijke integratie
  • Wallonia-Brussels Federation €933,621 paid 4 recipients · 2023 to 2025 · largest: Unnamed in the register
  • EU budget €97.9m attributed share 31 recipients · 2021 to 2025 · largest: Linked to buildings
  • EU research €10.3m eu contribution 18 recipients · 2010 to 2026 · largest: Horizon 2020

Explore every recipient in this sector

Insights on Specialised construction activities

The number of starters per 100 companies in NACE division 43 is higher than that of 66% of the 87 NACE divisions with this figure.

This sector's historical share is higher than that of 67% of the 88 NACE divisions with this figure.

The median bankruptcy probability in NACE division 43 is 0.7%, against 0.2% for Belgium as a whole. It is computed over 61,778 scored companies.

The comparison with Belgium as a whole and with the other divisions is as of 01-11-2026 05:30.

Method and sources

Every company registered today counts under its main activities in the KBO. Establishment units do not count. The count follows the NACE 2025 classification, the version in which code 43130 exists.

The historical share is the share of current registrations for which a bankruptcy opening was published in the past five years. A company with more than one main activity counts in each of those sectors. The historical share is not a future bankruptcy probability.

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 "higher than 80%" compares with the other divisions that have the figure. A division's bankruptcy probability is the median over its companies with a score. Their number is given with the figure.

The filed-accounts figures cover the whole NACE division 43, not only NACE 43130. There are too few filed annual accounts per five-digit code to compute them separately. Each median is the value of the middle company, computed over the division's 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.