Specialised construction activities
This view shows Belgium · 43342 · Specialised construction activities. Sector figures are national, so the place does not apply here.
Filed accounts
NACE 43342 · financial year 2025 · 57 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 31.6% | 37.5% | 40.8% | 39.8% | 42.6% | 50.6% |
| Median net result | €19,355 | €16,882 | €19,055 | €19,357 | €11,696 | €13,362 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 04-08-2026 | KOZAN BOUW
BE 0732.940.908 |
| 19-02-2025 | CRP Consultancy
BE 0801.758.349 |
| 18-12-2024 | De Baets, Etienne
BE 0645.459.774 · sole trader · Stekene |
| 16-05-2023 | PNovation
BE 0691.710.661 |
Spread across the country
by region and province · 86 of 151 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
The balance sheets of division 43 on the map, by municipality and down to the address
Largest employers
NACE 43342 as first main activity · staff from the latest accounts- 1 IRIS INDUSTRY SOLUTIONSGeel 277 FTEfinancial year 2025
- 2 MONNAIELa Louvière 186 FTEfinancial year 2025
- 3 Les Entreprises Yvo RinaldiFlémalle 41.9 FTEfinancial year 2025
- 4 FENDOORSFleurus 38.1 FTEfinancial year 2025
- 5 DE MEDTS SERVICESWijnegem 17.1 FTEfinancial year 2025
Joint committees
from the latest accounts of 17 companies- 124 Construction 16
- 200 Auxiliary committee for white-collar workers 9
- 111 Metal, mechanical and electrical engineering 4
- 209 White-collar workers in metal manufacturing 2
- 100 Auxiliary committee for blue-collar workers 1
- 109 Clothing and garment industry 1
- 121 Cleaning 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 |
|---|---|---|---|---|
| Joinery installation43320 | 19,814 | 1,342 | 153 | 15,346 |
| Painting of buildings43341 | 7,804 | 694 | 71 | 2,911 |
| Other building finishing work43350 | 7,268 | 976 | 85 | 3,238 |
| Plastering work43310 | 3,972 | 381 | 43 | 1,084 |
| Floor and wall tiling43331 | 3,901 | 330 | 58 | 926 |
| Wallpapering and laying of floor and wall coverings in other materials43333 | 894 | 57 | 3 | 644 |
Show all 8 activities
| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Laying of wooden floor and wall coverings43332 | 735 | 38 | 9 | 360 |
| Specialised construction activities43343 | 485 | 24 | 5 | 971 |
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
6,825 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €59,800 | €50,700 to €68,200 | 4,513 |
| 10 to 49 FTE | €64,000 | €55,800 to €71,500 | 2,079 |
| 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 108,651 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 10 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 67,053 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 101,515 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. 14.0% of the annual accounts close with a loss, against 26.7% in Belgium. 8.8% of the annual accounts show negative equity, against 12.4% in Belgium. Liquidity of 2.00 is above Belgium's 1.66.
Bankruptcies. The median bankruptcy probability of 0.5% is above Belgium's 0.2%.
Inflow and structure. Flanders holds 82.6% of the seats, against 64.7% in Belgium. Half of the companies are younger than 9.6 years, against 8.1 years in Belgium. This activity holds 0.1% of the registrations of Specialised construction.
Staff and filing. The 5 largest employers hold 560 of the 593 FTE: 94.4%.
Direction. Median solvency rose from 31.6% in financial year 2020 to 50.6% in financial year 2025. The median net result fell from €19,355 in financial year 2020 to €13,362 in financial year 2025.
The comparison with Belgium as a whole and with the other divisions is as of 11-11-2026 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 43342 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 1,276,472 companies with a main activity, because only those belong to a division. The other 699,781 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.