Buying and selling of own real estate
Filed accounts
NACE 68110 · financial year 2025 · 5,631 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 26.8% | 26.2% | 26.7% | 26.7% | 26.4% | 25.7% |
| Median net result | €7,575 | €8,786 | €7,989 | €5,767 | €5,167 | €5,349 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 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 |
| 24-09-2026 | PROMO SERVICES GROUP
BE 0667.519.554 |
| 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 |
| 07-09-2026 | THE HAMPTONS COMPANY
BE 0459.895.014 |
Spread across the country
by region and province · 6,876 of 7,223 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
- Abroad
The balance sheets of division 68 on the map, by municipality and down to the address
Largest employers
NACE 68110 as first main activity · staff from the latest accounts- 1 INFINO VLAANDERENLeuven 112 FTEfinancial year 2025
- 2 Eduard VastgoedLommel 102 FTEfinancial year 2025
- 3 ARRAKISGhent 84.2 FTEfinancial year 2025
- 4 Le Logis Social de LiègeLiège 79.5 FTEfinancial year 2025
- 5 ERVA COMPANYGhent 71.7 FTEfinancial year 2025
Joint committees
from the latest accounts of 623 companies- 200 Auxiliary committee for white-collar workers 248
- 323 Building management, estate agents and domestic staff 220
- 124 Construction 71
- 100 Auxiliary committee for blue-collar workers 59
- 201 Independent retail 24
- 302 Hotels and catering 22
- 209 White-collar workers in metal manufacturing 8
- 111 Metal, mechanical and electrical engineering 6
Show the 12 others
- 313 Pharmacies and pricing offices 6
- 119 Food trade 5
- 149.01 Electricians: installation and distribution 5
- 336 Liberal professions 5
- 207 White-collar workers in the chemical industry 4
- 216 Notaries' employees 4
- 307 Insurance brokers and agencies 4
- 341 Intermediation in banking and investment services 4
- 109 Clothing and garment industry 3
- 145 Horticulture 3
- 226 White-collar workers in international trade, transport and logistics 3
- 330 Health institutions and services 3
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Division 68: Real estate
Related activities
2 other activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Development of residential building projects68121 | 9,525 | 304 | 92 | 4,365 |
| Development of non-residential building projects68122 | 1,269 | 81 | 7 | 790 |
Bankruptcies per year in division 68
| Per year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcies | 259 | 238 | 230 | 201 | 237 | 147 | 130 | 172 | 172 | 179 | 222 | 159 |
| Jobs lost | 343 | 300 | 340 | 245 | 321 | 220 | 243 | 273 | 242 | 264 | 322 | 220 |
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
2,656 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €60,400 | €47,500 to €78,000 | 2,220 |
| 10 to 49 FTE | €70,400 | €57,900 to €84,400 | 363 |
| 50 to 249 FTE | €75,500 | €69,800 to €86,900 | 68 |
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 68Measured nationally: Of 108,606 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 5 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.
260 of the 44,403 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 26,404 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
- Federal transfers 16.9m amount as published
- Wallonia-Brussels Federation €8.8m paid
- EU budget €138.7m attributed share
- EU research €8.6m EU contribution
Insights on Buying and selling of own real estate
Balance sheet and result. Return on equity of 4.6% is below Belgium's 15.9%. The median net result of €5,349 is below Belgium's €16,539. 20.5% of the annual accounts show negative equity, against 12.4% in Belgium.
Bankruptcies. In 12 months, 4.4 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 58% of the 88 NACE divisions. The median bankruptcy probability of 0.3% is above Belgium's 0.2%.
Inflow and structure. 4.8% of the companies are sole traders, against 41.6% in Belgium. In 12 months, 4.7 of 100 companies started, against 8.8 in Belgium. That is fewer than in 70% of the 87 NACE divisions. Half of the companies are younger than 11.3 years, against 8.1 years in Belgium.
Staff and filing. The 5 largest employers hold 450 of the 1,994 FTE: 22.6%.
Direction. Median solvency fell from 26.8% in financial year 2020 to 25.7% in financial year 2025. The median net result fell from €7,575 in financial year 2020 to €5,349 in financial year 2025.
The comparison with Belgium as a whole and with the other divisions is as of 05-11-2026 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 68110 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 1,275,887 companies with a main activity, because only those belong to a division. The other 699,448 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.