Renting and operating of own or leased non-residential real estate, excluding land
65 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 65 companies
- ACCADEMIA
- AIH Monceau Marquis
- AlexandriteF
- ALMA COURT INVEST
- Ardmore Property Fund
- Arquus Capital
- ASCENCIO
- Atom Tower Belgium
- AXIS PARC FUND
- BEL-EURO-PA-INVEST
- BGV VIII EUROPA BRUSSELS
- BIJKHOEVE IMMO
- CAPARLON
- CORUM XL
- EHCF BELGIUM
- EYNE
- F.C.B.
- Federale Real Estate Investment Management
- FONCIERE DE LOUVAIN-LA-NEUVE
- FONCIÈRE STUTTGART
- FPR LEUZE
- GENERALI REAL ESTATE S.p.A., SUCCURSALE EN BELGIQUE
- GESTONE 1
- GEURTS-HEIJNEN BEHEER
- GO Sea Belgium
- GÖTEBORGS STADSHUS AB
- Hérité Invest
- Immobilière des Anneaux
- INSTITUUT STE. ELISABETH
- INTERVEST
- Intervest 2
- Intervest Real Estate Holdings
- LEGIAPARK
- LEOVILLE PROPERTIES IV
- Les Commerces du Vert Chasseur
- MAUNOURY INT’L
- MECAIMMO
- MONTEA
- OPERA TRIO PROPCO
- OPPORTUNISTIC PROPERTY FUND SA SICAF-FIIS
- OTOBOS
- ParadisExpress
- Pensioenfonds van de Provincie Oost-Vlaanderen OFP
- PROJECT VUURBERG
- QRF
- QuatuorHub
- RETAIL ESTATES
- RHEASTONE 10
- SAECKEN POINT VASTGOED B.V.
- SATE
- SDI FIIS-GVBF III
- SMARTUNIT
- TEXTILAC
- The Sage Antwerpen
- TOUR DES FINANCES
- TourParadis
- TriompheHub
- Vastned
- Voorzorgkas van de zelfstandigen en de ondernemingen
- WAREHOUSES DE PAUW
- WAREHOUSES ESTATES BELGIUM
- WERELDHAVE BELGIUM
- WESTINVEST GESELLSCHAFT FUR INVESTMENTFONDS MBH
- XL TRONE
- ZUIDERPOORT FUND
Filed accounts
NACE 68203 · financial year 2025 · 6,450 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 34.3% | 33.8% | 32.1% | 32.1% | 31.6% | 32.1% |
| Median net result | €9,243 | €10,754 | €10,974 | €10,815 | €10,261 | €11,416 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 21-10-2026 | BUSINESS CENTER LOUISE
BE 1035.639.108 |
| 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 |
| 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 |
| 24-06-2026 | TIMMERMANS INTERIEUR
BE 0462.035.645 |
| 17-06-2026 | Vatel Events & Entertainment
BE 0436.128.133 |
Spread across the country
by region and province · 8,301 of 12,059 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 68203 as first main activity · staff from the latest accounts- 1 Centre Hospitalier Interrégional Edith Cavell - Les Hôpitaux de Braine-l'Alleud - Waterloo, de Delta et de Sainte-Anne Saint-Remi; les Cliniques de la Basilique et Edith Cavell, les Centres...Auderghem 3,325 FTEfinancial year 2025
- 2 LA SAMBRIENNECharleroi 185 FTEfinancial year 2025
- 3 Foyer Anderlechtois - Anderlechtse HaardAnderlecht 169 FTEfinancial year 2025
- 4 PALMLonderzeel 148 FTEfinancial year 2025
- 5 AG REAL ESTATEBrussels 141 FTEfinancial year 2025
Joint committees
from the latest accounts of 877 companies- 200 Auxiliary committee for white-collar workers 342
- 323 Building management, estate agents and domestic staff 218
- 100 Auxiliary committee for blue-collar workers 133
- 302 Hotels and catering 66
- 124 Construction 42
- 201 Independent retail 38
- 112 Garages 37
- 226 White-collar workers in international trade, transport and logistics 24
Show the 12 others
- 209 White-collar workers in metal manufacturing 18
- 330 Health institutions and services 17
- 111 Metal, mechanical and electrical engineering 15
- 119 Food trade 13
- 140.03 Road transport and logistics for third parties 13
- 126 Furnishing and woodworking 12
- 339 Approved social housing companies 9
- 140 Transport and logistics 8
- 144 Agriculture 8
- 118 Food industry 7
- 313 Pharmacies and pricing offices 7
- 336 Liberal professions 7
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 residential real estate, excluding social housing68201 | 9,067 | 340 | 16 | 1,883 |
| 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 non-residential real estate, excluding land
Balance sheet and result. Return on equity of 4.9% is below Belgium's 15.9%. Liquidity of 0.82 is below Belgium's 1.66. 35.9% of the annual accounts close with a loss, against 26.7% in Belgium.
Bankruptcies. In 12 months, 1.2 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is fewer than in 76% of the 88 NACE divisions.
Inflow and structure. Half of the companies are younger than 11.4 years, against 8.1 years in Belgium. In 12 months, 5.4 of 100 companies started, against 8.9 in Belgium. That is fewer than in 67% of the 87 NACE divisions. 31.2% of the companies are sole traders, against 41.6% in Belgium.
Staff and filing. 32.3% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 3,968 of the 6,700 FTE: 59.2%.
Direction. Median solvency fell from 34.3% in financial year 2020 to 32.1% in financial year 2025. The median net result rose from €9,243 in financial year 2020 to €11,416 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 68203 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.