Renting and operating of own or leased residential real estate, excluding social housing
69 companies file their annual accounts outside the standard format, for example in a sector format. Their figures and staff are missing from the employment, the medians and the largest employers.
Show the 69 companies
- AEDIFICA
- ARTE OFFICES
- ARTISANS IMMO
- BEIRESTONE 1
- BELFOCA
- BLEROT
- BRU WAT 16
- Building Green One
- Capital Colocation Fund
- C.D.A.
- CMH - Invest GmbH
- Cofinimmo Offices
- CORNALINE HOUSE
- CRE Mondrian
- DE JONGE-GROENENBOOM BEHEER B.V.
- D-SIDE VILLAGE
- GECARE 1
- GESTONE 14
- GESTONE 15
- GESTONE 4
- GESTONE 5
- GESTONE 6
- Greenmile Sustainable Housing
- HAI BELGIUM 2
- HAI BELGIUM 3
- HANS
- HEALTHCARE ACTIVOS INMOBILIARIOS 40, S.L.U.
- HOME INVEST BELGIUM
- HOTEL PAQUET
- IMMBRA
- Immobilière des Combattants
- IMMO MOURY
- IMMOTEKA
- INDUCOM
- JOMA 2060
- JOURON
- Katholiek Basisonderwijs Opoeteren
- KBC VASTGOEDPORTEFEUILLE BELGIE
- KIMBAL
- LAPIS Real Estate
- LEX 85
- LS OFFICES
- MANUJACQ BE
- MEDI-INVEST
- MELODICUM
- ONS FONS
- PUBSTONE
- RETAIL ESTATES
- RHEASTONE 1
- RHEASTONE 7
- RHEASTONE 8
- RHEASTONE 9
- RHONE ARTS
- SDI SICAF-FIIS
- SMARTUNIT
- Star Galaxy
- TAC IMMO
- TERBERG EXPLOITATIEMAATSCHAPPIJ
- THE DOX 1
- THE RIGHT TWIN
- TREFONCIERE D'ARLON
- WAREHOUSES ESTATES BELGIUM
- Welfare Estates
- WERELDHAVE BELGIUM
- WEYIMMO
- XIOR STUDENT HOUSING
- XL Fund
- ZIN IN NOORD
- ZIN IN NOORD 2025
Filed accounts
NACE 68201 · financial year 2025 · 7,012 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 35.6% | 35.9% | 35.3% | 34.8% | 35.2% | 35.5% |
| Median net result | €7,326 | €9,122 | €9,650 | €7,526 | €7,709 | €8,191 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 26-10-2026 | F&C PROPERTIES
BE 0797.098.290 |
| 19-10-2026 | COSY-BOIS
BE 0772.971.521 |
| 16-07-2026 | TAURUS
BE 0455.899.901 |
| 08-07-2026 | AGRIFOR
BE 0414.697.665 |
| 08-07-2026 | IMMOBILIERE DEFACQZ - LIVOURNE
BE 0433.915.741 |
| 08-07-2026 | IMMOBILIERE STEPHANIE CINQ
BE 0438.011.220 |
| 08-07-2026 | AXIS IMVEST
BE 0462.818.573 |
| 08-07-2026 | Data Espace
BE 0466.652.746 |
Spread across the country
by region and province · 8,388 of 9,067 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 68201 as first main activity · staff from the latest accounts- 1 LIXONCharleroi 198 FTEfinancial year 2025
- 2 L'Habitation Moderne-De Moderne WoningWoluwe-Saint-Lambert 72.8 FTEfinancial year 2025
- 3 DE VOORKEMPEN - H.E.Brecht 58.5 FTEfinancial year 2025
- 4 RESIDENCE VIVALDIFrasnes-lez-Anvaing 54.9 FTEfinancial year 2025
- 5 SOCIETE REGIONALE DU LOGEMENT DE HERSTALHerstal 38.6 FTEfinancial year 2025
Joint committees
from the latest accounts of 1,016 companies- 323 Building management, estate agents and domestic staff 460
- 200 Auxiliary committee for white-collar workers 297
- 100 Auxiliary committee for blue-collar workers 121
- 302 Hotels and catering 57
- 124 Construction 51
- 201 Independent retail 32
- 112 Garages 21
- 336 Liberal professions 17
Show the 12 others
- 307 Insurance brokers and agencies 11
- 144 Agriculture 9
- 330 Health institutions and services 9
- 145 Horticulture 8
- 119 Food trade 7
- 314 Hairdressing and beauty care 7
- 111 Metal, mechanical and electrical engineering 6
- 140.03 Road transport and logistics for third parties 5
- 149.04 Metal trade 5
- 209 White-collar workers in metal manufacturing 5
- 226 White-collar workers in international trade, transport and logistics 5
- 118 Food industry 4
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Division 68: Real estate
Related activities
3 other activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Renting and operating of own or leased non-residential real estate, excluding land68203 | 12,059 | 648 | 15 | 6,700 |
| Real estate activities68204 | 587 | 21 | 0 | 80 |
| Real estate activities68202 | 205 | 4 | 1 | 4,185 |
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 Renting and operating of own or leased residential real estate, excluding social housing
Balance sheet and result. Return on equity of 3.3% is below Belgium's 15.9%. The median net result of €8,191 is below Belgium's €16,520. Liquidity of 0.83 is below Belgium's 1.66.
Bankruptcies. In 12 months, 1.8 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is fewer than in 75% of the 88 NACE divisions.
Inflow and structure. Half of the companies are younger than 16.6 years, against 8.1 years in Belgium. 7.5% of the companies are sole traders, against 41.6% in Belgium. In 12 months, 3.7 of 100 companies started, against 8.9 in Belgium. That is fewer than in 83% of the 87 NACE divisions.
Staff and filing. The 5 largest employers hold 423 of the 1,883 FTE: 22.5%.
Direction. The median net result rose from €7,326 in financial year 2020 to €8,191 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 68201 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.