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Real estate activities

Current registrations 6,187division 68: 55,044
Bankruptcies, 5 years, still registered 911.47% of the registrations · Belgium 1.68%

Bankruptcies

Recent bankruptcies

Date Company
10-11-2026 JOPI Immobilière
BE 0828.313.484
05-11-2026 EDENIA
BE 0839.513.422
28-10-2026 EDIMA PROPERTIES
BE 0737.536.827
13-10-2026 MOZAIEK VAN CAUTER
BE 0662.991.634
28-09-2026 INFINIXO REAL ESTATE
BE 0770.526.527
18-09-2026 ELITE-IMMO CONSULTING
BE 0653.972.911
15-09-2026 J&J
BE 0659.688.288
08-09-2026 FVC Holdings
BE 1010.351.208

Every bankruptcy in division 68, last 90 days

Spread across the country

by region and province · 5,870 of 6,187 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 3,752 · 63.9%
  • Wallonia 1,309 · 22.3%
  • Brussels 801 · 13.6%
  • Abroad 8 · 0.1%
fewer moremax 1,073

Division 68: Real estate

Filed accounts of the division

NACE division 68 · financial year 2025 · 35,569 filed annual accounts
Median solvency
31.4%
Belgium 46.1%
Median net result
€8,431
Belgium €16,490
Median equity
€167,533
Belgium €98,313
Loss-making
38.2%
Belgium 26.7%
Negative equity
17.6%
Belgium 12.4%
Median return on equity
5.6%
Belgium 15.9%
Median liquidity
1.18
Belgium 1.66
Filed late
36.1%
financial year 2024, 33,983 filings · Belgium 38.4%
Missing or 90 days late
4.3%
of 37,772 companies with annual accounts · Belgium 5.4%
Per financial year20182019202020212022202320242025
Median solvency --31.7%31.3%31.3%31.3%30.9%31.1%
Median net result --€8,106€9,503€9,011€6,855€6,653€8,003
Filed late 38.6%44.9%42.1%41.1%38.8%37.7%36.1%-

Hold your customer's or competitor's figures against them in the Sector benchmark

Bankruptcies per year in division 68

Per year201520162017201820192020202120222023202420252026
Bankruptcies259238230201237147130172172179222159
Jobs lost343300340245321220243273242264322220

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 68

2,647 employers
Median
€62,300
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 €60,400 €47,500 to €78,100 2,211
10 to 49 FTE €70,400 €57,900 to €84,400 363
50 to 249 FTE €75,500 €69,800 to €86,900 68

Running bankruptcies in the sector

NACE division 68
Number
652
Half have run longer than
28 months
Belgium: 20 months
Longer than three years
40%
Belgium: 31%

Measured nationally: Of 108,767 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 12 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

260 of the 44,357 companies in NACE division 68 have a parent company abroad. Main parent countries: Luxembourg (107), Netherlands (56) and France (32). Together they employ 560 of the division's 26,046 FTE: 2.1%, against 14% for Belgium as a whole.

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €1.11bn awarded 3,796 recipients · 2022 to 2025 · largest: Tussenkomst FS3 aan initiatiefnemers
  • Wallonia-Brussels Federation €8.8m paid 23 recipients · 2021 to 2025 · largest: Subvention en capital à la SA Conservatoire de Bruxelles
  • Federal transfers 16.9m amount as published 8 recipients · 2023 to 2025 · largest: Toelage aan de BGHM
  • EU budget €138.7m attributed share 49 recipients · 2021 to 2025 · largest: Rents and purchases
  • EU research €8.6m EU contribution 10 recipients · 2008 to 2027 · largest: Horizon Europe

Explore every recipient in this sector

Insights on Real estate activities

Inflow and structure. This activity holds 11.2% of the registrations of Real estate.

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 2008 classification, the version in which code 68100 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.