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Specialised construction activities

Current registrations 3,249division 43: 129,054
Bankruptcies, 5 years, still registered 1314.03% of the registrations · Belgium 1.68%

Bankruptcies

Recent bankruptcies

Date Company
06-11-2026 EK
BE 0643.886.295
05-11-2026 INFINITY BOUW
BE 0784.865.602
03-11-2026 Stefan, Ionut
BE 0536.717.925 · sole trader · Maldegem
30-10-2026 TECHNIPRO SERVICES
BE 0848.067.139
19-10-2026 Rénovation Entretien PRO
BE 1004.464.593
28-09-2026 Tincu, Cosmin
BE 0633.693.179 · sole trader · Etterbeek
25-09-2026 SANTERMANS LIFTEN
BE 0667.776.506
25-09-2026 Solar Empire
BE 0799.572.582

Every bankruptcy in division 43, last 90 days

Spread across the country

by region and province · 1,881 of 3,249 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 1,237 · 65.8%
  • Wallonia 327 · 17.4%
  • Brussels 252 · 13.4%
  • Abroad 65 · 3.5%
fewer moremax 375

Division 43: Specialised construction

Filed accounts of the division

NACE division 43 · financial year 2025 · 51,957 filed annual accounts
Median solvency
45.2%
Belgium 46.1%
Median net result
€13,168
Belgium €16,516
Median equity
€82,140
Belgium €98,395
Loss-making
22.3%
Belgium 26.7%
Negative equity
7.8%
Belgium 12.4%
Median return on equity
15.5%
Belgium 15.9%
Median liquidity
1.76
Belgium 1.66
Filed late
42.6%
financial year 2024, 47,115 filings · Belgium 38.4%
Missing or 90 days late
6.0%
of 57,638 companies with annual accounts · Belgium 5.4%
Per financial year20182019202020212022202320242025
Median solvency --40.8%42.0%42.5%44.0%45.5%45.9%
Median net result --€12,014€13,206€13,560€12,921€12,241€12,544
Filed late 44.3%50.3%48.8%47.3%45.5%44.1%42.6%-

Hold your customer's or competitor's figures against them in the Sector benchmark

Bankruptcies per year in division 43

Per year201520162017201820192020202120222023202420252026
Bankruptcies1,2381,1181,1961,2851,4069579961,3741,4961,8201,8471,294
Jobs lost2,9772,5162,6162,7092,8072,3171,9342,5412,6723,3653,3792,180

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

6,826 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 €59,800 €50,700 to €68,200 4,513
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

Running bankruptcies in the sector

NACE division 43
Number
2,774
Half have run longer than
22 months
Belgium: 20 months
Longer than three years
31%
Belgium: 31%

Measured nationally: Of 108,562 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 6 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

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 11,263 recipients · 2022 to 2025 · largest: Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
  • Federal transfers 15.2m amount as published 17 recipients · 2023 to 2025 · largest: Samenwerkingsakkoord Beliris - Kapitaaloverdracht overheidsbedrijven.
  • 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

Inflow and structure. This activity holds 2.5% of the registrations of Specialised construction.

The comparison with Belgium as a whole and with the other divisions is as of 07-11-2026 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 2008 classification, the version in which code 43299 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 1,276,547 companies with a main activity, because only those belong to a division. The other 699,272 registrations publish no activity.