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Specialised construction activities

NACE 4323
Current registrations4,216
Starters, 12 months · division 43
12,022
Employment (FTE) · division 43
118,262
Median age · division 43
7.7 years

In NACE division 43, 9.3 companies per 100 started in the past twelve months, against 7.5 nationally; that is higher than that of 67% of the 87 NACE divisions with this figure. Comparison: as of 30-10-2026 05:30.

Key figures for NACE division 43

financial year 2025 · median over 47,097 filed annual accounts
Median solvency
45.9%
higher than 57% of the 79 divisions with this figure
Median equity
€77,827
lower than 71% of the 79 divisions with this figure
Median net result
€12,567
lower than 61% of the 79 divisions with this figure
Annual accounts in sample
47,097

Foreign control in NACE division 43

67,082 registered companies

Staff cost per FTE in NACE division 43

6,834 employers
Median
€61,400
Belgium €61,400
Middle half
€52,400 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 €68,100 4,519
10 to 49 FTE €63,900 €55,800 to €71,400 2,081
50 to 249 FTE €70,000 €61,100 to €77,700 205
250 FTE or more €77,000 €70,500 to €82,400 29

Bankruptcies

past five years
Bankruptcies (5y)
131
Historical share
3.11%

Nationally, 1.61% of current registrations have a published bankruptcy opening in the past five years. This sector's historical share is higher than that of 90% of the 88 NACE divisions with this figure. The median bankruptcy probability in NACE division 43 is 0.7%, against 0.2% nationally, over 61,754 scored companies. Comparison: as of 30-10-2026 05:30.

Bankruptcies still running

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

Measured nationally: Of 108,407 bankruptcies of legal entities across Belgium, 49% were closed within five years for insufficient assets and 28% after liquidation, 3% were withdrawn; 20% were still open after five years. Half had ended after 26 months (a quarter after 15, three quarters after 51 months).

Counts companies with this main activity in the register on 30 October 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

Regional split

by region · 1,659 of 4,216 enterprises with a registered office on file
Flanders 851 · 51.3%
Wallonia 498 · 30.0%
Brussels 304 · 18.3%
Unknown 6 · 0.4%

Recent bankruptcies in this sector

8
Date Company
28-10-2026 MY RENOV
BE 1015.963.746
12-10-2026 AQUASTRA
BE 0881.082.177
16-09-2026 ISOLAZ
BE 0479.523.557
07-09-2026 LION DECOR
BE 0729.721.201
17-08-2026 Ducu, Robert-Georgian
BE 0797.616.548 · sole trader · Liège
14-08-2026 Hieff, Christophe
BE 0668.840.734 · sole trader · Verviers
06-08-2026 ROSDOM
BE 1015.196.852
24-07-2026 Ceaușu, Marin
BE 1020.494.537 · sole trader · Koekelberg

Geographic distribution

by province · based on the registered office
fewer moremax 304

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €133.3m awarded 11,264 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

How these figures are counted

Current enterprise registrations are counted through their registered main activities; establishment units are excluded. Counted in the KBO's NACE 2025 nomenclature, the one in which code 4323 exists.

Share of currently registered companies with a published bankruptcy opening in the past five years. Registered main activities in the selected classification can overlap. This retrospective share is not a future bankruptcy probability.

The comparison with the country and with the other NACE divisions comes from a nightly overview of every division, each counted in the nomenclature in which it exists. A standing such as "higher than 80%" counts the other divisions that have the figure. The bankruptcy probability is the median of our nightly score over the division's companies that have one; the count is stated.

The key figures cover the whole NACE division 43, not NACE 4323 on its own: there are too few filed annual accounts per five-digit code to compute them separately. The middle company of the sector, based on all filed annual accounts.