Real estate agency activities
Filed accounts
NACE 68310 · financial year 2025 · 6,885 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 36.5% | 37.4% | 39.1% | 39.1% | 39.1% | 39.6% |
| Median net result | €13,003 | €15,410 | €12,611 | €8,953 | €10,706 | €14,724 |
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Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 05-11-2026 | VERELST VASTGOED
BE 0864.983.444 |
| 04-11-2026 | CAPSTON REAL ESTATE
BE 0676.858.674 |
| 30-10-2026 | NS GLOBAL
BE 0646.695.733 |
| 28-10-2026 | LOCUSTONE
BE 0749.867.111 |
| 13-10-2026 | MDB PROJECTS
BE 0477.815.961 |
| 02-10-2026 | Les Entreprises Rero
BE 0408.340.603 |
| 23-09-2026 | WE LIVING VASTGOED
BE 0804.211.954 |
| 15-09-2026 | Pfaff, Rafael
BE 0637.788.460 · sole trader · Vilvoorde |
Spread across the country
by region and province · 8,573 of 11,708 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 68310 as first main activity · staff from the latest accounts- 1 VLAAMSE LANDMAATSCHAPPIJSaint-Josse-ten-Noode 586 FTEfinancial year 2025
- 2 Center Parcs ArdennenDe Haan 140 FTEfinancial year 2025
- 3 HEYLEN VASTGOEDHerentals 136 FTEfinancial year 2025
- 4 CBREBrussels 88.0 FTEfinancial year 2025
- 5 KanvazTienen 74.0 FTEfinancial year 2025
Joint committees
from the latest accounts of 1,607 companies- 323 Building management, estate agents and domestic staff 1,203
- 200 Auxiliary committee for white-collar workers 271
- 100 Auxiliary committee for blue-collar workers 71
- 307 Insurance brokers and agencies 47
- 124 Construction 35
- 302 Hotels and catering 21
- 201 Independent retail 11
- 319 Educational and residential institutions 10
Show the 12 others
- 341 Intermediation in banking and investment services 9
- 121 Cleaning 6
- 319.02 Educational and residential institutions 6
- 144 Agriculture 5
- 314 Hairdressing and beauty care 5
- 330 Health institutions and services 4
- 336 Liberal professions 3
- 119 Food trade 2
- 140.03 Road transport and logistics for third parties 2
- 145 Horticulture 2
- 207 White-collar workers in the chemical industry 2
- 209 White-collar workers in metal manufacturing 2
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 |
|---|---|---|---|---|
| Property management for co-owned buildings (syndics)68321 | 3,659 | 83 | 8 | 1,591 |
| Real estate appraisal on a fee or contract basis68322 | 971 | 138 | 2 | 149 |
| Real estate activities68329 | 157 | 72 | 0 | 13 |
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 Real estate agency activities
Balance sheet and result. Return on equity of 12.2% is below Belgium's 15.9%. Solvency of 39.6% is below Belgium's 46.1%. Liquidity of 1.45 is below Belgium's 1.66.
Bankruptcies. In 12 months, 2.9 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is fewer than in 65% of the 88 NACE divisions.
Inflow and structure. 26.8% of the companies are sole traders, against 41.6% in Belgium. Half of the companies are younger than 10.4 years, against 8.1 years in Belgium. Brussels holds 15.9% of the seats, against 12.5% in Belgium.
Staff and filing. The 5 largest employers hold 1,025 of the 4,590 FTE: 22.3%.
Direction. Median solvency rose from 36.5% in financial year 2020 to 39.6% in financial year 2025. The median net result rose from €13,003 in financial year 2020 to €14,724 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 68310 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.