General electrical installation work
Filed accounts
NACE 43211 · financial year 2025 · 9,841 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 41.7% | 43.0% | 43.0% | 44.9% | 46.8% | 46.6% |
| Median net result | €13,997 | €14,448 | €16,621 | €17,588 | €14,745 | €14,801 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 13-11-2026 | BELGIUM SERVICES & TP
BE 0788.310.189 |
| 13-11-2026 | Croes, Luc
BE 0802.021.041 · sole trader · Heusden-Zolder |
| 12-11-2026 | F.K. SERVICES
BE 0461.960.025 |
| 09-11-2026 | PLC-Contracting
BE 0762.458.503 |
| 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 |
Spread across the country
by region and province · 13,256 of 22,609 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 43211 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 CIRCET BELGIUMBeringen 366 FTEfinancial year 2025
Joint committees
from the latest accounts of 2,805 companies- 149.01 Electricians: installation and distribution 1,793
- 200 Auxiliary committee for white-collar workers 1,124
- 124 Construction 357
- 149 Sectors related to metal, mechanical and electrical engineering 311
- 201 Independent retail 173
- 111 Metal, mechanical and electrical engineering 61
- 209 White-collar workers in metal manufacturing 54
- 100 Auxiliary committee for blue-collar workers 47
Show the 12 others
- 149.04 Metal trade 18
- 302 Hotels and catering 12
- 314 Hairdressing and beauty care 6
- 121 Cleaning 5
- 140 Transport and logistics 3
- 102.01 Quarries 2
- 110 Textile care 2
- 112 Garages 2
- 125.01 Wood industry 2
- 140.03 Road transport and logistics for third parties 2
- 145 Horticulture 2
- 149.02 Coachwork 2
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Division 43: Specialised construction
Related activities
8 other activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Installation of electric heating, air conditioning, cooling and ventilation43222 | 9,486 | 566 | 74 | 11,723 |
| Plumbing work43221 | 7,014 | 657 | 72 | 3,130 |
| Insulation installation43230 | 4,216 | 591 | 43 | 2,508 |
| Other construction installation43240 | 4,018 | 382 | 50 | 4,725 |
| Electrical installation work in industrial facilities43212 | 1,100 | 62 | 14 | 1,051 |
| Specialised construction activities43223 | 532 | 210 | 3 | 209 |
Show all 8 activities
| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Specialised construction activities43213 | 246 | 97 | 2 | 1 |
| Specialised construction activities43214 | 81 | 27 | 0 | 15 |
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
6,828 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €59,800 | €50,700 to €68,200 | 4,515 |
| 10 to 49 FTE | €64,000 | €55,800 to €71,500 | 2,080 |
| 50 to 249 FTE | €70,300 | €61,100 to €77,800 | 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 108,810 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 14 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 67,044 companies in NACE division 43 have a parent company abroad. Main parent countries: Netherlands (18), France (9) and Germany (8). Together they employ 3,750 of the division's 101,529 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
- Wallonia-Brussels Federation €933,621 paid
- Federal transfers 15.2m amount as published
- EU budget €97.9m attributed share
- EU research €10.3m EU contribution
Insights on General electrical installation work
Balance sheet and result. 7.3% of the annual accounts show negative equity, against 12.4% in Belgium. 20.9% of the annual accounts close with a loss, against 26.7% in Belgium. The median net result of €14,801 is below Belgium's €16,468.
Bankruptcies. The median bankruptcy probability of 0.7% is above Belgium's 0.2%. In 12 months, 8.4 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. This activity holds 17.5% of the registrations of Specialised construction.
Staff and filing. The 5 largest employers hold 2,535 of the 20,634 FTE: 12.3%.
Direction. Median solvency rose from 41.7% 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 14-11-2026 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 43211 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 1,276,430 companies with a main activity, because only those belong to a division. The other 700,464 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.