Development of residential building projects
Filed accounts
NACE 68121 · financial year 2025 · 7,500 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 22.6% | 22.8% | 22.8% | 22.2% | 22.0% | 22.3% |
| Median net result | €5,545 | €6,622 | €5,936 | €3,154 | €1,977 | €3,012 |
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Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 05-11-2026 | Lion Projectmanagement
BE 0803.685.184 |
| 28-10-2026 | SEDIMENT
BE 0658.787.970 |
| 28-10-2026 | CNL développement
BE 0680.595.649 |
| 28-10-2026 | WATERPAS PROJECTS
BE 0897.322.155 |
| 23-10-2026 | Marcinelle Services
BE 0734.588.918 |
| 22-10-2026 | M. B-PROJECTS
BE 1016.471.215 |
| 21-10-2026 | ARDEGANE
BE 0676.786.222 |
| 21-10-2026 | MONS LGP 3
BE 0865.136.268 |
Spread across the country
by region and province · 9,171 of 9,524 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 68121 as first main activity · staff from the latest accounts- 1 MATEXI PROJECTSWaregem 113 FTEfinancial year 2025
- 2 Toit & moi, immobilière sociale de la région montoiseMons 107 FTEfinancial year 2025
- 3 VUYLSTEKE - EIFFAGETielt 98.9 FTEfinancial year 2025
- 4 BOUW- EN HOUTONDERNEMING VERSTRAETERoeselare 98.4 FTEfinancial year 2025
- 5 PM GROUP BELGIUM SERVICESNiel 91.4 FTEfinancial year 2025
Joint committees
from the latest accounts of 950 companies- 200 Auxiliary committee for white-collar workers 585
- 124 Construction 263
- 323 Building management, estate agents and domestic staff 144
- 100 Auxiliary committee for blue-collar workers 91
- 302 Hotels and catering 22
- 149.01 Electricians: installation and distribution 15
- 201 Independent retail 12
- 121 Cleaning 7
Show the 12 others
- 111 Metal, mechanical and electrical engineering 5
- 126 Furnishing and woodworking 5
- 307 Insurance brokers and agencies 5
- 140.03 Road transport and logistics for third parties 4
- 149.04 Metal trade 4
- 339.01 Approved social housing companies 4
- 145 Horticulture 3
- 209 White-collar workers in metal manufacturing 3
- 226 White-collar workers in international trade, transport and logistics 3
- 336 Liberal professions 3
- 339 Approved social housing companies 3
- 101 Mining 2
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 |
|---|---|---|---|---|
| Buying and selling of own real estate68110 | 7,225 | 339 | 31 | 1,993 |
| Development of non-residential building projects68122 | 1,270 | 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
2,655 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €60,400 | €47,400 to €78,100 | 2,219 |
| 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 108,562 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 6 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 44,355 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 26,056 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 Development of residential building projects
Balance sheet and result. The median net result of €3,012 is below Belgium's €16,520. 22.2% of the annual accounts show negative equity, against 12.4% in Belgium. 44.5% of the annual accounts close with a loss, against 26.7% in Belgium.
Bankruptcies. In 12 months, 9.7 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 84% of the 88 NACE divisions. The median bankruptcy probability of 0.3% is above Belgium's 0.2%.
Inflow and structure. 3.7% of the companies are sole traders, against 41.6% in Belgium. In 12 months, 3.2 of 100 companies started, against 8.9 in Belgium. That is fewer than in 84% of the 87 NACE divisions. Half of the companies are younger than 9.4 years, against 8.1 years in Belgium.
Staff and filing. The 5 largest employers hold 508 of the 4,081 FTE: 12.5%.
Direction. The median net result fell from €5,545 in financial year 2020 to €3,012 in financial year 2025.
The comparison with Belgium as a whole and with the other divisions is as of 06-11-2026 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 68121 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 1,276,581 companies with a main activity, because only those belong to a division. The other 698,987 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.