The largest employers in Belgium
158,486 companies in Belgium report employees in recent accounts; here are the top 50. HR Rail leads with 27,811.0 FTE (financial year 2025).
Top 50 · Belgium
Ranked by average headcount (FTE) reported in the latest filed accounts (accounts less than 3 years old).
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | HR Rail 1060 Saint-Gilles | €549.4m | €2.37bn | €28.3m | 27,811.0 | 2025 |
| 2 | bpost 1000 Brussels | €4.27bn | €2.19bn | €657.6m | 23,730.2 | 2025 |
| 3 | Randstad Belgium 1853 Grimbergen | €885.3m | €866.5m | €360.5m | 20,825.7 | 2025 |
| 4 | Colruyt Food Retail 1500 Halle | €3.05bn | €8.05bn | €786.2m | 16,584.4 | 2026 |
| 5 | Societe des Transports Intercommunaux de Bruxelles 1000 Brussels | €3.47bn | €240.6m | €3.00bn | 10,277.5 | 2025 |
| 6 | Centrale der Werkgevers aan de Haven van Antwerpen 2000 Antwerp | €257.5m | €819.7m | €7.53m | 10,218.5 | 2025 |
| 7 | Familiehulp 1210 Saint-Josse-ten-Noode | €269.7m | €83.7m | €179.7m | 9,918.8 | 2025 |
| 8 | AIB 8500 Kortrijk | €132.7m | €509.9m | €13.2m | 8,852.8 | 2025 |
| 9 | Adecco Personnel Services 1702 Dilbeek | €89.7m | €426.8m | €24.4m | 8,440.0 | 2025 |
| 10 | GlaxoSmithKline Biologicals 1330 Rixensart | €17.8bn | €7.44bn | €9.98bn | 8,371.0 | 2025 |
| 11 | Proximus 1030 Schaerbeek | €9.96bn | €3.89bn | €1.42bn | 8,312.3 | 2025 |
| 12 | Vlaamse Vervoermaatschappij - De Lijn 2800 Mechelen | €3.09bn | €1.42bn | €2.25bn | 7,637.1 | 2025 |
| 13 | Evara 9000 Ghent | €1.30bn | €443.2m | €750.4m | 7,600.9 | 2025 |
| 14 | Start People 2000 Antwerp | €97.0m | €413.8m | €38.9m | 7,283.9 | 2025 |
| 15 | Transformics 3583 Beringen | €59.2m | €264.2m | −651,688 € | 7,231.0 | 2025 |
| 16 | i-mens 9052 Ghent | €162.0m | €106.0m | €69.2m | 7,157.8 | 2025 |
| 17 | Ziekenhuis aan de Stroom 2030 Antwerp | €1.49bn | €1.37bn | €573.6m | 6,711.9 | 2025 |
| 18 | Tempo-Team 1853 Grimbergen | €57.7m | €240.5m | €19.7m | 6,378.2 | 2025 |
| 19 | Carrefour Belgium 1930 Zaventem | €1.42bn | €4.02bn | €42.5m | 6,365.9 | 2025 |
| 20 | Emmaüs 2800 Mechelen | €1.04bn | €624.2m | €572.4m | 6,326.6 | 2025 |
| 21 | Operateur de Transport de Wallonie 5100 Namur | €1.91bn | €66.4m | €877.2m | 6,183.2 | 2025 |
| 22 | Arcelormittal Belgium 1000 Brussels | €4.55bn | €4.89bn | €1.66bn | 5,838.8 | 2025 |
| 23 | KBC Global Services 1080 Molenbeek-Saint-Jean | €839.9m | €1.39bn | €467.5m | 5,737.3 | 2025 |
| 24 | HUmani 6000 Charleroi | €699.8m | €662.3m | €204.9m | 5,560.0 | 2025 |
| 25 | Volvo Car Belgium NV 9000 Ghent | €1.58bn | €6.25bn | €220.1m | 5,497.2 | 2025 |
| 26 | Synergie Belgium 2018 Antwerp | €94.7m | €298.7m | €40.6m | 5,473.0 | 2025 |
| 27 | Université Catholique de Louvain 1348 Ottignies-Louvain-la-Neuve | €1.10bn | — | €866.5m | 5,467.6 | 2025 |
| 28 | Centre hospitalier universitaire de Liège 4000 Liège | €877.5m | €838.8m | €344.8m | 5,386.9 | 2025 |
| 29 | Fluvius System Operator 9090 Merelbeke-Melle | €10.2bn | €2.90bn | €993.8m | 5,326.3 | 2025 |
| 30 | Janssen Pharmaceutica 2340 Beerse | €21.6bn | €21.8bn | €11.7bn | 5,324.5 | 2025 |
| 31 | ISS Facility Services 1000 Brussels | €148.0m | €350.1m | €49.3m | 5,282.5 | 2025 |
| 32 | Cliniques universitaires Saint-Luc 1200 Woluwe-Saint-Lambert | €593.7m | €813.4m | €195.4m | 4,870.2 | 2024 |
| 33 | Equans 1210 Saint-Josse-ten-Noode | €969.1m | €1.26bn | €277.8m | 4,823.5 | 2025 |
| 34 | DaJobs 1050 Ixelles | €69.0m | €251.0m | €37.9m | 4,719.8 | 2025 |
| 35 | ACCENT Jobs For People 8800 Roeselare | €68.7m | €316.3m | €24.5m | 4,629.2 | 2025 |
| 36 | Securitas 1831 Machelen (Brab.) | €215.8m | €369.4m | €45.3m | 4,594.8 | 2025 |
| 37 | Manpower (Belgium) 1831 Machelen (Brab.) | €60.9m | €231.6m | €7.92m | 4,474.8 | 2025 |
| 38 | AG Insurance 1000 Brussels | €76.3bn | — | €58.4bn | 4,379.8 | 2025 |
| 39 | Association Chretienne des Institutions Sociales et de Sante 5000 Namur | €419.5m | €76.5m | €275.9m | 4,332.0 | 2025 |
| 40 | Electrabel 1000 Brussels | €20.5bn | €13.1bn | €10.2bn | 4,261.0 | 2025 |
| 41 | Colruyt Group 1500 Halle | €8.45bn | €930.1m | €6.32bn | 4,183.3 | 2026 |
| 42 | PROMAN Agilitas 2800 Mechelen | €138.7m | €280.8m | €56.8m | 4,140.2 | 2025 |
| 43 | CHU Helora 7000 Mons | €624.3m | €900.5m | €135.3m | 4,026.3 | 2025 |
| 44 | Pfizer Manufacturing Belgium 2870 Puurs-Sint-Amands | €2.46bn | €1.02bn | €1.89bn | 4,020.8 | 2025 |
| 45 | Groupe santé CHC 4000 Liège | €762.9m | €691.6m | €171.3m | 3,991.1 | 2025 |
| 46 | Intercommunale de Soins Specialises de Liege 4020 Liège | €351.8m | €271.5m | €110.3m | 3,892.7 | 2025 |
| 47 | Volvo Group Belgium 9041 Ghent | €943.9m | €4.17bn | €123.5m | 3,810.2 | 2025 |
| 48 | Azorg 9300 Aalst | €691.2m | €824.9m | €273.3m | 3,786.7 | 2025 |
| 49 | Trixxo IX 3730 Bilzen-Hoeselt | €38.0m | €147.9m | €4.47m | 3,779.3 | 2025 |
| 50 | Actief Interim 3560 Lummen | €255.0m | €247.1m | €94.1m | 3,690.9 | 2025 |
Ranking based on each company's own annual accounts (statutory, not consolidated): a subsidiary and its parent appear separately, and the ranking differs from lists based on consolidated group accounts. Headcount reported by the company for all its sites: the jobs may be located elsewhere.
“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.
Most represented sectors · Belgium
Frequently asked questions
Who is the largest employer in Belgium?
Among companies, HR Rail, with 27,811.0 full-time equivalents reported (financial year 2025).
Why does this ranking differ from other lists?
It uses each company's annual accounts as filed with the National Bank, not consolidated group accounts. A holding, a subsidiary or a purchasing entity can therefore appear separately. Only companies whose latest accounts are less than 3 years old are ranked.
Are the jobs located in the area?
Not necessarily: headcount is reported by the company for all its sites, and the company is ranked by the address of its registered office.
Analyse companies · Belgium
Filter these companies by size, soundness and trend, follow them and get an alert when their accounts or publications change.
Open the full file →Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 12 Nov 2026.