Ranking · Flanders · NACE 27
Manufacture of electrical equipment: highest revenue in Flanders
As of 14 Nov 2026, 63 companies in Manufacture of electrical equipment (NACE 27) in Flanders publish their revenue in recent accounts (financial years 2023 to 2026). The top 10 account for €1.16bn, out of €2.11bn for all of them; median revenue is €18.1m. ADB Safegate leads with €175.3m (financial year 2025).
Top 50 · Manufacture of electrical equipment · Flanders
Ranked by revenue published in the latest filed accounts (accounts less than 3 years old).
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | ADB Safegate 1830 Machelen (Brab.) | €451.4m | €175.3m | €81.6m | 196.7 | 2025 |
| 2 | Energizer Europe 3980 Tessenderlo-Ham | €90.2m | €164.4m | €22.1m | 324.2 | 2025 |
| 3 | Niko 9100 Sint-Niklaas | €138.7m | €142.5m | €85.4m | 375.0 | 2025 |
| 4 | Vestas Belgium 3530 Houthalen-Helchteren | €94.1m | €128.7m | €25.3m | 47.3 | 2024 |
| 5 | Signify Belgium 1731 Asse | €489.7m | €128.7m | €422.1m | 448.1 | 2025 |
| 6 | Nexans Network Solutions 1501 Halle | €70.2m | €103.8m | €34.3m | 321.6 | 2025 |
| 7 | Deckx Elektro Mechanica 2480 Dessel | €58.4m | €86.4m | €14.4m | 99.1 | 2025 |
| 8 | Stanley Black & Decker Belgium 2800 Mechelen | €41.2m | €80.0m | €10.6m | 91.6 | 2025 |
| 9 | Duracell Batteries 3200 Aarschot | €97.5m | €77.9m | €86.8m | 364.2 | 2025 |
| 10 | P&V Panels 3550 Heusden-Zolder | €39.8m | €69.6m | €13.4m | 208.8 | 2026 |
| 11 | Europower Generators 3850 Nieuwerkerken (Limb.) | €39.9m | €59.9m | −€2.09m | 82.1 | 2024 |
| 12 | Delta Light 8560 Wevelgem | €75.5m | €57.5m | €50.4m | 275.4 | 2025 |
| 13 | Preflexibel 9400 Ninove | €24.3m | €57.2m | €6.90m | 58.4 | 2025 |
| 14 | NOVY 8520 Kuurne | €53.8m | €56.0m | €42.3m | 184.7 | 2025 |
| 15 | Thesla 9070 Destelbergen | €13.6m | €48.9m | €12.5m | 28.8 | 2025 |
| 16 | Chubb Somati Systems 9320 Aalst | €29.1m | €48.5m | €15.7m | 195.4 | 2025 |
| 17 | Pauwels Transformers 2800 Mechelen | €43.3m | €41.2m | €14.1m | 71.5 | 2025 |
| 18 | Aginode Belgium 1501 Halle | €33.7m | €40.0m | €19.6m | 23.4 | 2024 |
| 19 | MechaTronix Europe 2160 Wommelgem | €20.5m | €37.4m | 859,630 € | 8.8 | 2025 |
| 20 | ABB Industrial Solutions (Belgium) 9940 Evergem | €32.9m | €36.2m | €15.3m | 105.9 | 2025 |
| 21 | DSG Belgium 2630 Aartselaar | €20.3m | €33.5m | €6.43m | 49.7 | 2025 |
| 22 | ETAP Lighting International 2390 Malle | €18.8m | €32.8m | €5.88m | 240.0 | 2025 |
| 23 | Automation 1500 Halle | €12.9m | €27.3m | €2.03m | 57.3 | 2025 |
| 24 | EB Bordenbouw 3600 Genk | €13.3m | €23.9m | €8.77m | 82.5 | 2026 |
| 25 | Contronect 9820 Merelbeke-Melle | €11.4m | €23.6m | €4.96m | 42.2 | 2025 |
| 26 | The Power Shop 3118 Rotselaar | €11.4m | €20.8m | €9.04m | 68.3 | 2025 |
| 27 | Basalte 9820 Merelbeke-Melle | €20.3m | €20.8m | €6.16m | 59.7 | 2025 |
| 28 | Afschrift 8850 Ardooie | €16.8m | €20.1m | €10.6m | 57.6 | 2026 |
| 29 | Hoppecke Belgium 1980 Zemst | €6.17m | €18.8m | €2.04m | 43.4 | 2026 |
| 30 | Limka 3800 Sint-Truiden | €16.7m | €18.5m | €15.4m | 8.3 | 2025 |
| 31 | Electro 80 1820 Steenokkerzeel | €10.3m | €18.2m | €6.68m | 49.6 | 2025 |
| 32 | Kreon 3660 Oudsbergen | €38.6m | €18.1m | €12.1m | 61.5 | 2025 |
| 33 | ETA - COM B 2850 Boom | €16.1m | €16.5m | €4.58m | 39.1 | 2026 |
| 34 | SGC 9850 Deinze | €13.4m | €15.7m | €5.81m | 17.0 | 2025 |
| 35 | Centrica Business Solutions Belgium 2600 Antwerp | €12.0m | €15.6m | −€7.01m | 58.5 | 2025 |
| 36 | V-ZUG Europe 8530 Harelbeke | €7.75m | €14.0m | −€7.17m | 47.0 | 2025 |
| 37 | Comus Technology 3700 Tongeren-Borgloon | €6.94m | €12.8m | €2.66m | 1.0 | 2023 |
| 38 | Smeets 1600 Sint-Pieters-Leeuw | €15.5m | €12.4m | €11.8m | 8.5 | 2025 |
| 39 | Helukabel Belgium 1731 Asse | €6.44m | €12.3m | €3.08m | 11.7 | 2025 |
| 40 | Vansant J.V. Electriciteitsbedrijf 2260 Westerlo | €8.15m | €12.2m | €6.77m | 46.5 | 2025 |
| 41 | Sign & Facade 3294 Diest | €4.65m | €10.3m | 380,540 € | 50.5 | 2025 |
| 42 | Nidec Industrial Automation Belgium 2800 Mechelen | €3.99m | €10.1m | €2.03m | 21.3 | 2026 |
| 43 | BEGA Gantenbrink Buitenverlichting 2870 Puurs-Sint-Amands | €7.52m | €9.72m | €6.94m | 31.3 | 2025 |
| 44 | Bartec-Belgium 3980 Tessenderlo-Ham | €4.34m | €7.64m | €2.29m | 9.8 | 2026 |
| 45 | Clarios Belgium 2960 Brecht | €23.4m | €6.38m | €22.5m | — | 2025 |
| 46 | Comus International 3700 Tongeren-Borgloon | €3.38m | €6.36m | €2.10m | 35.0 | 2023 |
| 47 | Orbit 8800 Roeselare | €3.46m | €4.81m | −425,922 € | 17.5 | 2023 |
| 48 | LUX Lumen 2610 Antwerp | €2.62m | €4.75m | €1.77m | 17.4 | 2025 |
| 49 | Mevoco 9800 Deinze | €8.11m | €4.38m | €2.64m | 9.8 | 2025 |
| 50 | Anerma Research 2260 Westerlo | €2.86m | €4.28m | €2.25m | 2.3 | 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. These are the revenue figures published in the annual accounts. Small companies (micro and abridged accounts) do not have to publish theirs: they do not appear in this ranking.
Manufacture of electrical equipment across Belgium → All sectors · Flanders →
Other sectors · Flanders
- 01 Crop and animal production, hunting and related service activities202
- 08 Other mining and quarrying23
- 10 Manufacture of food products504
- 11 Manufacture of beverages47
- 13 Manufacture of textiles114
- 14 Manufacture of wearing apparel23
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials66
- 17 Manufacture of paper and paper products58
- 18 Printing and reproduction of recorded media75
- 20 Manufacture of chemicals and chemical products205
- 21 Manufacture of basic pharmaceutical products and pharmaceutical preparations30
- 22 Manufacture of rubber and plastic products153
- 23 Manufacture of other non-metallic mineral products151
- 24 Manufacture of basic metals72
- 25 Manufacture of fabricated metal products, except machinery and equipment346
- 26 Manufacture of computer, electronic and optical products96
- 28 Manufacture of machinery and equipment n.e.c.164
- 29 Manufacture of motor vehicles, trailers and semi-trailers58
- 30 Manufacture of other transport equipment22
- 31 Manufacture of furniture74
- 32 Other manufacturing73
- 33 Repair, maintenance and installation of machinery and equipment130
- 35 Electricity, gas, steam and air conditioning supply146
- 37 Sewerage18
- 38 Waste collection, recovery and disposal activities156
- 41 Construction of residential and non-residential buildings882
- 42 Civil engineering222
- 43 Specialised construction activities1,336
- 46 Wholesale trade2,897
- 47 Retail trade1,541
- 49 Land transport and transport via pipelines791
- 50 Water transport49
- 51 Air transport17
- 52 Warehousing, storage and support activities for transportation466
- 53 Postal and courier activities50
- 55 Accommodation104
- 56 Food and beverage service activities500
- 58 Publishing activities56
- 59 Motion picture, video and television programme production, sound recording and music publishing activities67
- 60 Programming, broadcasting, news agency and other content distribution activities10
- 61 Telecommunication45
- 62 Computer programming, consultancy and related activities1,005
- 63 Computing infrastructure, data processing, hosting and other information service activities57
- 64 Financial service activities, except insurance and pension funding1,456
- 66 Activities auxiliary to financial services and insurance activities150
- 68 Real estate activities1,139
- 69 Legal and accounting activities293
- 70 Activities of head offices and management consultancy1,101
- 71 Architectural and engineering activities; technical testing and analysis290
- 72 Scientific research and development43
- 73 Activities of advertising, market research and public relations207
- 74 Other professional, scientific and technical activities72
- 75 Veterinary activities20
- 77 Rental and leasing activities175
- 78 Employment activities135
- 79 Travel agency, tour operator and other reservation service and related activities43
- 80 Investigation and security activities25
- 81 Services to buildings and landscape activities260
- 82 Office administrative, office support and other business support activities336
- 84 Public administration and defence; compulsory social security24
- 85 Education463
- 86 Human health activities386
- 87 Residential care activities347
- 88 Social work activities without accommodation243
- 90 Arts creation and performing arts activities179
- 91 Libraries, archives, museums and other cultural activities19
- 93 Sports activities and amusement and recreation activities144
- 94 Activities of membership organisations109
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles183
- 96 Personal service activities210
Municipalities with the most companies in the sector · Flanders
- 2800 Mechelen (Walem)11
- 3550 Heusden-Zolder (Heusden, Zolder)7
- 3600 Genk7
- 8500 Kortrijk7
- 9160 Lokeren (Daknam, Eksaarde)7
- 2600 Antwerp (Berchem)6
- 9000 Ghent6
- 1600 Sint-Pieters-Leeuw (Oudenaken, Sint-Laureins-Berchem)5
- 2160 Wommelgem5
- 2200 Herentals (Morkhoven, Noorderwijk)5
- 2630 Aartselaar5
- 2870 Puurs-Sint-Amands (Breendonk, Liezele, Puurs, …)5
Frequently asked questions
Which company in Manufacture of electrical equipment in Flanders has the highest revenue?
ADB Safegate, with €175.3m of published revenue (financial year 2025).
Why are some companies missing?
Small companies (micro and abridged accounts) do not have to publish their revenue: only the 63 that publish it, out of 508 companies in the sector in the area, are ranked.
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.
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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 14 Nov 2026.