Bricklaying and masonry work
Filed accounts
NACE 43910 · financial year 2025 · 1,327 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 36.6% | 38.1% | 38.0% | 41.2% | 41.5% | 42.9% |
| Median net result | €11,338 | €13,054 | €12,199 | €10,921 | €11,220 | €12,923 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 06-11-2026 | Tsaknakis, David
BE 0675.446.434 · sole trader · Dinant |
| 06-11-2026 | A.D CONSTRUCT COMPANY
BE 1021.375.059 |
| 30-10-2026 | Catana Construct
BE 0835.853.156 |
| 28-10-2026 | MY RENOV
BE 1015.963.746 |
| 14-10-2026 | EnerGenie
BE 0797.800.551 |
| 29-09-2026 | Raymaker, Anthony
BE 0689.675.641 · sole trader · Perwez |
| 23-09-2026 | Taragos, Milan
BE 1009.085.456 · sole trader · Boom |
| 21-09-2026 | Voegwerken Bauden Bjorn
BE 0699.579.044 |
Spread across the country
by region and province · 1,896 of 4,263 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 43910 as first main activity · staff from the latest accounts- 1 PHENIX GROUPTubize 40.6 FTEfinancial year 2025
- 2 VACO-BOUWZwevegem 28.4 FTEfinancial year 2025
- 3 CAUWELIER & C°Staden 26.1 FTEfinancial year 2025
- 4 STEEGMANS CONSTRUCTDiepenbeek 19.7 FTEfinancial year 2025
- 5 BATSLEER GEVELRENOVATIEAalter 19.2 FTEfinancial year 2025
Joint committees
from the latest accounts of 330 companies- 124 Construction 305
- 200 Auxiliary committee for white-collar workers 105
- 100 Auxiliary committee for blue-collar workers 2
- 140.03 Road transport and logistics for third parties 2
- 201 Independent retail 2
- 101 Mining 1
- 111 Metal, mechanical and electrical engineering 1
- 119 Food trade 1
Show the 5 others
- 140 Transport and logistics 1
- 145 Horticulture 1
- 202.01 Medium-sized food businesses 1
- 323 Building management, estate agents and domestic staff 1
- 336 Liberal professions 1
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Division 43: Specialised construction
Related activities
1 other activity| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Other specialised construction activities43990 | 15,121 | 504 | 199 | 13,530 |
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
6,826 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| 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 |
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 108,642 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 7 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 67,076 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
- Federal transfers 15.2m amount as published
- Wallonia-Brussels Federation €933,621 paid
- EU budget €97.9m attributed share
- EU research €10.3m EU contribution
Insights on Bricklaying and masonry work
Balance sheet and result. Return on equity of 20.8% is above Belgium's 15.9%. 9.0% of the annual accounts show negative equity, against 12.4% in Belgium. 20.6% of the annual accounts close with a loss, against 26.7% in Belgium.
Bankruptcies. The median bankruptcy probability of 0.9% is above Belgium's 0.2%. In 12 months, 8.0 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 78% of the 88 NACE divisions.
Inflow and structure. 55.5% of the companies are sole traders, against 41.6% in Belgium. Wallonia holds 29.9% of the seats, against 22.7% in Belgium. In 12 months, 11.3 of 100 companies started, against 8.9 in Belgium. That is more than in 84% of the 87 NACE divisions.
Staff and filing. 44.4% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 134 of the 459 FTE: 29.2%.
Direction. Median solvency rose from 36.6% in financial year 2020 to 42.9% in financial year 2025. The median net result rose from €11,338 in financial year 2020 to €12,923 in financial year 2025.
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 2025 classification, the version in which code 43910 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.
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.