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Real estate activities

NACE 6820
Current registrations21,687
Starters, 12 months · division 68
2,965
Employment (FTE) · division 68
27,792
Median age · division 68
11.4 years

In NACE division 68, 5.4 companies per 100 started in the past twelve months, against 7.5 nationally; that is lower than that of 66% of the 87 NACE divisions with this figure. Comparison: as of 18-10-2026 05:30.

Key figures for NACE division 68

financial year 2025 · median over 33,791 filed annual accounts
Median solvency
31.4%
lower than 92% of the 79 divisions with this figure
Median equity
€162,971
higher than 56% of the 79 divisions with this figure
Median net result
€8,085
lower than 78% of the 79 divisions with this figure
Annual accounts in sample
33,791

Foreign control in NACE division 68

44,356 registered companies

Staff cost per FTE in NACE division 68

2,658 employers
Median
€62,200
Belgium €61,400
Middle half
€48,800 to €79,600
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 €60,200 €47,500 to €78,000 2,218
10 to 49 FTE €70,500 €57,900 to €84,200 366
50 to 249 FTE €75,800 €69,600 to €87,000 69

Bankruptcies

past five years
Bankruptcies (5y)
90
Historical share
0.41%

Nationally, 1.61% of current registrations have a published bankruptcy opening in the past five years. This sector's historical share is lower than that of 78% of the 88 NACE divisions with this figure. The median bankruptcy probability in NACE division 68 is 0.2%, against 0.2% nationally, over 39,304 scored companies. Comparison: as of 18-10-2026 05:30.

Bankruptcies still running

NACE division 68
Running bankruptcies
653
Half have run longer than
28 months
Belgium: 21 months
Longer than three years
39%
Belgium: 31%

Measured nationally: Of 108,104 bankruptcies of legal entities across Belgium, 49% were closed within five years for insufficient assets and 28% after liquidation, 3% were withdrawn; 20% were still open after five years. Half had ended after 26 months (a quarter after 15, three quarters after 51 months).

Counts companies with this main activity in the register on 18 October 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

Regional split

by region · 17,105 of 21,687 enterprises with a registered office on file
Flanders 10,516 · 61.5%
Wallonia 4,392 · 25.7%
Brussels 2,179 · 12.7%
Unknown 18 · 0.1%

Recent bankruptcies in this sector

8
Date Company
05-10-2026 EUPEN PLAZA MANAGEMENT
BE 0864.253.766
09-09-2026 GLOCAL SPACE
BE 1002.946.841
03-08-2026 THE MUSIC CENTRAL
BE 1006.375.790
16-07-2026 TAURUS
BE 0455.899.901
08-07-2026 Société d'Etudes et de Réalisations de la Galerie Louise
BE 0403.305.214
08-07-2026 SOFONA
BE 0403.338.767
08-07-2026 AGRIFOR
BE 0414.697.665
08-07-2026 IMMOBILIERE DEFACQZ - LIVOURNE
BE 0433.915.741

Geographic distribution

by province · based on the registered office
fewer moremax 3,036

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €2.05bn awarded 3,837 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

How these figures are counted

Current enterprise registrations are counted through their registered main activities; establishment units are excluded. Counted in the KBO's NACE 2025 nomenclature, the one in which code 6820 exists.

Share of currently registered companies with a published bankruptcy opening in the past five years. Registered main activities in the selected classification can overlap. This retrospective share is not a future bankruptcy probability.

The comparison with the country and with the other NACE divisions comes from a nightly overview of every division, each counted in the nomenclature in which it exists. A standing such as "higher than 80%" counts the other divisions that have the figure. The bankruptcy probability is the median of our nightly score over the division's companies that have one; the count is stated.

The key figures cover the whole NACE division 68, not NACE 6820 on its own: there are too few filed annual accounts per five-digit code to compute them separately. The middle company of the sector, based on all filed annual accounts.