Specialised construction activities
Activities
NACE 4321 · 4 activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| General electrical installation work43211 | 22,604 | 1,904 | 192 | 20,613 |
| Electrical installation work in industrial facilities43212 | 1,099 | 61 | 14 | 1,051 |
| Specialised construction activities43213 | 241 | 94 | 2 | 1 |
| Specialised construction activities43214 | 80 | 27 | 0 | 15 |
Filed accounts
NACE 4321 · financial year 2025 · 10,191 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 41.6% | 43.0% | 43.0% | 44.9% | 46.7% | 46.6% |
| Median net result | €13,973 | €14,402 | €16,556 | €17,566 | €14,713 | €14,944 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 06-11-2026 | ELEKTRICITEITSWERKEN JAN BORGHIJS
BE 0472.802.150 |
| 06-11-2026 | Pro Energie Tech
BE 1014.848.939 |
| 05-11-2026 | LOGORACK
BE 0753.970.112 |
| 05-11-2026 | H&M Tec
BE 1004.912.674 |
| 30-10-2026 | Drobota, Constantin
BE 0749.725.470 · sole trader · Woluwe-Saint-Lambert |
| 30-10-2026 | GDconstruct
BE 0795.655.267 |
| 30-10-2026 | CONFORT-ELEC
BE 0870.569.357 |
| 28-10-2026 | Ruysschaert, Ralf
BE 0773.418.711 · sole trader · Zedelgem |
Spread across the country
by region and province · 14,008 of 23,864 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
- Abroad
The balance sheets of division 43 on the map, by municipality and down to the address
Largest employers
NACE 4321 as first main activity · staff from the latest accounts- 1 JACOPSDeerlijk 647 FTEfinancial year 2025
- 2 Advices for Technical SystemsMerelbeke-Melle 541 FTEfinancial year 2025
- 3 EEGWevelgem 523 FTEfinancial year 2025
- 4 VINCI Facilities BelgiumBrussels 458 FTEfinancial year 2025
- 5 Cegelec IndustryBrussels 394 FTEfinancial year 2025
Joint committees
from the latest accounts of 2,879 companies- 149.01 Electricians: installation and distribution 1,820
- 200 Auxiliary committee for white-collar workers 1,159
- 124 Construction 372
- 149 Sectors related to metal, mechanical and electrical engineering 315
- 201 Independent retail 175
- 111 Metal, mechanical and electrical engineering 69
- 209 White-collar workers in metal manufacturing 61
- 100 Auxiliary committee for blue-collar workers 47
Show the 12 others
- 149.04 Metal trade 20
- 302 Hotels and catering 13
- 121 Cleaning 6
- 314 Hairdressing and beauty care 6
- 140 Transport and logistics 4
- 112 Garages 3
- 149.02 Coachwork 3
- 207 White-collar workers in the chemical industry 3
- 102.01 Quarries 2
- 110 Textile care 2
- 116 Chemical industry 2
- 125.01 Wood industry 2
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Division 43: Specialised construction
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.
Staff cost per FTE in NACE division 43
6,827 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €59,800 | €50,700 to €68,200 | 4,514 |
| 10 to 49 FTE | €63,900 | €55,800 to €71,500 | 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 |
Employers with the highest staff cost per FTE in this division All sectors by staff cost In the Analysis workbench
Running bankruptcies in the sector
NACE division 43Measured nationally: Of 108,642 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 7 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.
52 of the 67,076 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 101,559 FTE: 3.7%, against 14% for Belgium as a whole.
Subsidies in this sector
per register · legal entities with an enterprise number- Flemish subsidies €112.7m awarded
- Federal transfers 15.2m 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 activities
Balance sheet and result. 7.4% of the annual accounts show negative equity, against 12.4% in Belgium. 20.8% of the annual accounts close with a loss, against 26.7% in Belgium. Liquidity of 1.83 is above Belgium's 1.66.
Bankruptcies. The median bankruptcy probability of 0.7% is above Belgium's 0.2%. In 12 months, 8.7 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 81% of the 88 NACE divisions.
Inflow and structure. Half of the companies are younger than 7.1 years, against 8.1 years in Belgium. This activity holds 18.5% of the registrations of Specialised construction.
Staff and filing. The 5 largest employers hold 2,563 of the 21,679 FTE: 11.8%.
Direction. Median solvency rose from 41.6% in financial year 2020 to 46.6% 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 4321 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.