Other specialised construction activities
Filed accounts
NACE 43990 · financial year 2025 · 6,584 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 38.9% | 39.9% | 41.9% | 42.7% | 44.0% | 44.8% |
| Median net result | €12,069 | €12,759 | €12,851 | €11,517 | €11,343 | €11,423 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 13-11-2026 | Tuin- & Grondwerken Beau Vert
BE 0765.203.207 |
| 12-11-2026 | C.G.K.
BE 0633.626.368 |
| 09-11-2026 | Luchian, Timotei
BE 0793.669.935 · sole trader · Turnhout |
| 06-11-2026 | KNAP DESIGN
BE 1019.381.116 |
| 05-11-2026 | Arseni, Roman
BE 0741.747.815 · sole trader · Dilbeek |
| 05-11-2026 | Wijnen, Willem
BE 0752.728.215 · sole trader · Bilzen-Hoeselt |
| 05-11-2026 | AS Bouwwerken
BE 0786.849.548 |
| 03-11-2026 | NAS CONSTRUCT
BE 0533.750.616 |
Spread across the country
by region and province · 9,049 of 15,103 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 43990 as first main activity · staff from the latest accounts- 1 SPIE BELGIUMAnderlecht 1,375 FTEfinancial year 2025
- 2 DenysGhent 969 FTEfinancial year 2025
- 3 RENOTECGeel 845 FTEfinancial year 2025
- 4 SOCOGETRAMarche-en-Famenne 434 FTEfinancial year 2025
- 5 Bilfinger Industrial Services BelgiêBeveren-Kruibeke-Zwijndrecht 328 FTEfinancial year 2025
Joint committees
from the latest accounts of 1,765 companies- 124 Construction 1,348
- 200 Auxiliary committee for white-collar workers 856
- 111 Metal, mechanical and electrical engineering 108
- 209 White-collar workers in metal manufacturing 87
- 100 Auxiliary committee for blue-collar workers 32
- 149.01 Electricians: installation and distribution 31
- 201 Independent retail 30
- 121 Cleaning 24
Show the 12 others
- 140.03 Road transport and logistics for third parties 23
- 145 Horticulture 23
- 126 Furnishing and woodworking 12
- 149 Sectors related to metal, mechanical and electrical engineering 12
- 149.04 Metal trade 12
- 226 White-collar workers in international trade, transport and logistics 9
- 302 Hotels and catering 8
- 116 Chemical industry 6
- 140 Transport and logistics 5
- 109 Clothing and garment industry 4
- 207 White-collar workers in the chemical industry 4
- 323 Building management, estate agents and domestic staff 4
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 |
|---|---|---|---|---|
| Bricklaying and masonry work43910 | 4,265 | 487 | 34 | 459 |
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 | €70,300 | €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 108,810 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 14 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 67,044 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 101,529 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 Other specialised construction activities
Balance sheet and result. 8.1% of the annual accounts show negative equity, against 12.4% in Belgium. The median net result of €11,423 is below Belgium's €16,468. Return on equity of 13.6% is below Belgium's 15.9%.
Bankruptcies. The median bankruptcy probability of 0.8% is above Belgium's 0.2%. In 12 months, 13.1 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 93% of the 88 NACE divisions.
Inflow and structure. In 12 months, 3.4 of 100 companies started, against 8.9 in Belgium. That is fewer than in 83% of the 87 NACE divisions. Brussels holds 19.9% of the seats, against 12.5% in Belgium. Half of the companies are younger than 9.7 years, against 8.1 years in Belgium.
Staff and filing. 48.4% of the financial year 2024 accounts were filed late, against 38.5% in Belgium. The 5 largest employers hold 3,952 of the 13,533 FTE: 29.2%.
Direction. Median solvency rose from 38.9% in financial year 2020 to 44.8% in financial year 2025.
The comparison with Belgium as a whole and with the other divisions is as of 14-11-2026 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 43990 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 1,276,430 companies with a main activity, because only those belong to a division. The other 700,464 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.