Real estate activities
Filed accounts
NACE 68202 · financial year 2025 · 174 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 32.9% | 36.0% | 35.2% | 36.6% | 37.6% | 37.5% |
| Median net result | €195,253 | €240,534 | €105,715 | €53,856 | €108,920 | €81,117 |
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Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 24-12-2025 | AGENCE IMMOBILIERE SOCIALE DE SAINT - josse
BE 0474.436.601 |
Spread across the country
by region and province · 204 of 205 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
The balance sheets of division 68 on the map, by municipality and down to the address
Largest employers
NACE 68202 as first main activity · staff from the latest accounts- 1 Wonen in LimburgHouthalen-Helchteren 398 FTEfinancial year 2025
- 2 WOONHAVEN ANTWERPENAntwerp 396 FTEfinancial year 2025
- 3 THUISPUNT GENTGhent 198 FTEfinancial year 2025
- 4 Brusselse Gewestelijke Huisvestingsmaatschappij - Société du Logement de la Région bruxelles-capitaleSint-Gillis (bij-Brussel) 194 FTEfinancial year 2025
- 5 De Brusselse WoningBrussels 144 FTEfinancial year 2025
Joint committees
from the latest accounts of 114 companies- 339 Approved social housing companies 49
- 339.02 Approved social housing companies 32
- 339.01 Approved social housing companies 12
- 200 Auxiliary committee for white-collar workers 6
- 339.03 Approved social housing companies 5
- 319 Educational and residential institutions 4
- 319.01 Educational and residential institutions 3
- 323 Building management, estate agents and domestic staff 2
Show the 7 others
- 119 Food trade 1
- 124 Construction 1
- 130 Printing, graphic arts and newspapers 1
- 307 Insurance brokers and agencies 1
- 313 Pharmacies and pricing offices 1
- 319.02 Educational and residential institutions 1
- 330.01 Health institutions and services 1
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 | 12,062 | 650 | 15 | 6,700 |
| Renting and operating of own or leased residential real estate, excluding social housing68201 | 9,068 | 344 | 16 | 1,881 |
| Real estate activities68204 | 587 | 21 | 0 | 80 |
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
2,653 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €60,400 | €47,500 to €78,100 | 2,217 |
| 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 108,651 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 10 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 44,361 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 26,052 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
- Wallonia-Brussels Federation €8.8m paid
- Federal transfers 16.9m amount as published
- EU budget €138.7m attributed share
- EU research €8.6m EU contribution
Insights on Real estate activities
Balance sheet and result. The median net result of €81,117 is above Belgium's €16,490. Return on equity of 1.0% is below Belgium's 15.9%. 3.4% of the annual accounts show negative equity, against 12.4% in Belgium.
Bankruptcies. The median bankruptcy probability of 0.1% is below Belgium's 0.2%.
Inflow and structure. Half of the companies are younger than 58.9 years, against 8.1 years in Belgium. 0.5% of the companies are sole traders, against 41.6% in Belgium. Wallonia holds 41.7% of the seats, against 22.7% in Belgium.
Staff and filing. 14.6% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 1,330 of the 4,185 FTE: 31.8%.
Direction. Median solvency rose from 32.9% in financial year 2020 to 37.5% in financial year 2025. The median net result fell from €195,253 in financial year 2020 to €81,117 in financial year 2025.
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 2025 classification, the version in which code 68202 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.
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.