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Real estate activities

NACE 68
Current registrations 55,024
Starters, 12 months 2,8075.1 per 100 · Belgium 7.5
Bankruptcies, 5 years 6001.09% of the registrations · Belgium 1.61%
Employment (FTE) 27,968financial year 2025
Median age 11.4 yearsBelgium 10.7 years

Filed accounts of the division

NACE division 68 · financial year 2025 · 35,379 filed annual accounts
Median solvency
31.5%
Belgium 46.2%
Median net result
€8,504
Belgium €16,569
Median equity
€168,249
Belgium €98,595
Loss-making
38.1%
Belgium 26.7%
Negative equity
17.5%
Belgium 12.4%
Median return on equity
5.6%
Belgium 16.0%
Median liquidity
1.18
Belgium 1.66

Staff cost per FTE in NACE division 68

2,664 employers
Median
€62,200
Belgium €61,400
Middle half
€48,800 to €79,700
half of the employers lie between
Place among sectors
53 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €60,300 €47,400 to €78,000 2,222
10 to 49 FTE €70,500 €57,900 to €84,600 367
50 to 249 FTE €75,900 €69,600 to €87,600 70

Bankruptcies

Bankruptcies, 12 months
209
3.8 per 1,000 registrations · Belgium 5.5

Recent bankruptcies

Date Company
30-10-2026 NS GLOBAL
BE 0646.695.733
28-10-2026 SEDIMENT
BE 0658.787.970
28-10-2026 CNL développement
BE 0680.595.649
28-10-2026 EDIMA PROPERTIES
BE 0737.536.827
28-10-2026 LOCUSTONE
BE 0749.867.111
28-10-2026 WATERPAS PROJECTS
BE 0897.322.155
26-10-2026 F&C PROPERTIES
BE 0797.098.290
23-10-2026 Marcinelle Services
BE 0734.588.918

Every bankruptcy in division 68, last 90 days

Running bankruptcies in the sector

NACE division 68
Number
648
Half have run longer than
28 months
Belgium: 20 months
Longer than three years
40%
Belgium: 31%

Measured nationally: Of 108,424 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entities across Belgium, 49% were closed within five years for insufficient assets and 28% after liquidation, 3% were withdrawn.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 2 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

Spread across the country

by region and province · 45,762 of 55,024 enterprises with a registered office on file
  • Flanders 28,817 · 63.0%
  • Wallonia 10,545 · 23.0%
  • Brussels 6,368 · 13.9%
  • Unknown 32 · 0.1%
fewer moremax 7,942

Largest employers

NACE division 68 · staff from the latest accounts
  1. 1 Centre Hospitalier Interrégional Edith Cavell - Les Hôpitaux de Braine-l'Alleud - Waterloo, de Delta et de Sainte-Anne Saint-Remi; les Cliniques de la Basilique et Edith Cavell, les Centres...Oudergem 3,325 FTEfinancial year 2025
  2. 2 VLAAMSE LANDMAATSCHAPPIJSint-Joost-ten-Node 586 FTEfinancial year 2025
  3. 3 Wonen in LimburgHouthalen-Helchteren 398 FTEfinancial year 2025
  4. 4 WOONHAVEN ANTWERPENAntwerp 396 FTEfinancial year 2025
  5. 5 CBRE GWS BelgiumMachelen (Brab.) 251 FTEfinancial year 2025

260 of the 44,401 companies in NACE division 68 have a parent company abroad. Main parent countries: Luxembourg (107), Netherlands (56) and France (32). Together they employ 562 of the division's 26,395 FTE: 2.1%, against 15% for Belgium as a whole.

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €2.05bn awarded 3,835 recipients · 2022 to 2025 · largest: Tussenkomst FS3 aan initiatiefnemers
  • Federal transfers 301.0m amount as published 31 recipients · 2023 to 2025 · largest: Toelagen OCMW's recht op maatschappelijke integratie
  • Wallonia-Brussels Federation €85.0m paid 33 recipients · 2021 to 2025 · largest: Subventions forfaitaires dans le fondamental
  • EU budget €138.8m attributed share 51 recipients · 2021 to 2025 · largest: Rents and purchases
  • EU research €8.7m eu contribution 11 recipients · 2008 to 2027 · largest: Horizon Europe

Explore every recipient in this sector

Insights on Real estate activities

The number of starters per 100 companies in NACE division 68 is lower than that of 67% of the 86 other NACE divisions with this figure.

This sector's historical share is higher than that of 51% of the 87 other NACE divisions with this figure.

The median bankruptcy probability in NACE division 68 is 0.2%, against 0.2% for Belgium as a whole. It is computed over 39,356 scored companies.

The comparison with Belgium as a whole and with the other divisions is as of 01-11-2026 05:30.

Method and sources

Every company registered today counts under its main activities in the KBO. Establishment units do not count. The count follows the NACE 2025 classification, the version in which code 68 exists.

The historical share is the share of current registrations for which a bankruptcy opening was published in the past five years. A company with more than one main activity counts in each of those sectors. The historical share is not a future bankruptcy probability.

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 "higher than 80%" compares with the other divisions that have the figure. A division's bankruptcy probability is the median over its companies with a score. Their number is given with the figure.

Each median is the value of the middle company, computed over the division's 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.