Specialised construction activities
No bankruptcy in the past five years.
Filed accounts
NACE 43214 · financial year 2025 · 33 filed annual accounts| Per financial year | 2024 | 2025 |
|---|---|---|
| Median solvency | 48.3% | 44.9% |
| Median net result | €26,939 | €23,425 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Spread across the country
by region and province · 61 of 81 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 43214 as first main activity · staff from the latest accounts- 1 JACOBS BEVEILIGINGMalle 9.4 FTEfinancial year 2025
- 2 JBE SECURITYBegijnendijk 4.6 FTEfinancial year 2025
- 3 SECURE ELECTRONICSBeersel 0.6 FTEfinancial year 2025
Joint committees
from the latest accounts of 9 companies- 149.01 Electricians: installation and distribution 5
- 200 Auxiliary committee for white-collar workers 5
- 149 Sectors related to metal, mechanical and electrical engineering 2
- 201 Independent retail 1
- 317 Security and surveillance services 1
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 |
|---|---|---|---|---|
| General electrical installation work43211 | 22,600 | 1,904 | 192 | 20,631 |
| Installation of electric heating, air conditioning, cooling and ventilation43222 | 9,488 | 563 | 74 | 11,722 |
| Plumbing work43221 | 7,010 | 653 | 72 | 3,131 |
| Insulation installation43230 | 4,219 | 591 | 43 | 2,508 |
| Other construction installation43240 | 4,013 | 377 | 50 | 4,725 |
| Electrical installation work in industrial facilities43212 | 1,099 | 61 | 14 | 1,051 |
Show all 8 activities
| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Specialised construction activities43223 | 529 | 206 | 3 | 209 |
| Specialised construction activities43213 | 242 | 94 | 2 | 1 |
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 | €70,100 | €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 67,052 companies in NACE division 43 have a parent company abroad. Main parent countries: Netherlands (18), France (9) and Germany (8). Together they employ 3,750 of the division's 101,527 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 Specialised construction activities
Balance sheet and result. The median net result of €23,425 is above Belgium's €16,475. Return on equity of 22.1% is above Belgium's 15.9%. 9.1% of the annual accounts show negative equity, against 12.4% in Belgium.
Bankruptcies. The median bankruptcy probability of 0.6% is above Belgium's 0.2%.
Inflow and structure. In 12 months, 33.3 of 100 companies started, against 8.9 in Belgium. No NACE division counts more. Half of the companies are younger than 1.4 years, against 8.1 years in Belgium. 24.7% of the companies are sole traders, against 41.6% in Belgium.
Staff and filing. The 3 largest employers hold 15 of the 15 FTE: 100.0%.
The comparison with Belgium as a whole and with the other divisions is as of 13-11-2026 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 43214 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 1,276,396 companies with a main activity, because only those belong to a division. The other 700,156 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.