Specialised construction activities
No bankruptcy in the past five years.
This view shows Belgium · 43600 · Specialised construction activities. Sector figures are national, so the place does not apply here.
Spread across the country
by region and province · 83 of 173 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
Joint committees
from the latest accounts of 2 companies- 124 Construction 1
- 200 Auxiliary committee for white-collar workers 1
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Division 43: Specialised construction
Related activities
28 other activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| General electrical installation work43211 | 22,600 | 1,904 | 192 | 20,631 |
| Joinery installation43320 | 19,813 | 1,342 | 153 | 15,354 |
| Other specialised construction activities43990 | 15,108 | 505 | 198 | 13,533 |
| Installation of electric heating, air conditioning, cooling and ventilation43222 | 9,488 | 563 | 74 | 11,722 |
| Roofing work43410 | 8,473 | 779 | 130 | 6,130 |
| Site preparation43120 | 8,346 | 1,057 | 80 | 8,266 |
Show all 28 activities
Filed accounts of the division
NACE division 43 · financial year 2025 · 52,206 filed annual accounts| Per financial year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Median solvency | - | - | 40.8% | 42.0% | 42.5% | 44.0% | 45.5% | 45.8% |
| Median net result | - | - | €12,014 | €13,207 | €13,563 | €12,921 | €12,241 | €12,532 |
| 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 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 108,768 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 13 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
Bankruptcies. The median bankruptcy probability of 1.9% is above Belgium's 0.2%.
Inflow and structure. In 12 months, 65.9 of 100 companies started, against 8.9 in Belgium. No NACE division counts more. Half of the companies are younger than 0.8 years, against 8.1 years in Belgium. 52.0% of the companies are sole traders, against 41.6% in Belgium.
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 43600 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.
For NACE 43600, 15 annual accounts of financial year 2025 were filed. That is too few for a median, which needs at least 30.