Ranking · Flanders · NACE 68
Real estate activities: the largest employers in Flanders
As of 12 Nov 2026, 2,916 companies in Real estate activities (NACE 68) in Flanders report employees in recent accounts (financial years 2023 to 2026). The 10 largest employers account for 1,792.8 FTE, out of 11,775 for all of them; median headcount is 1.3 FTE. Wonen in Limburg leads with 397.5 FTE (financial year 2025).
Top 50 · Real estate activities · Flanders
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 | Wonen in Limburg 3530 Houthalen-Helchteren | €2.06bn | €149.8m | €591.8m | 397.5 | 2025 |
| 2 | Woonhaven Antwerpen 2020 Antwerp | €1.56bn | €133.8m | €163.1m | 396.0 | 2025 |
| 3 | Thuispunt Gent 9000 Ghent | €926.3m | €59.0m | €199.3m | 198.3 | 2025 |
| 4 | Autonoom Gemeentebedrijf voor Vastgoedbeheer en Stadsprojecten - Vespa 2018 Antwerp | €618.6m | €120.1m | €310.8m | 154.8 | 2025 |
| 5 | Heylen Vastgoed 2200 Herentals | €14.2m | €22.9m | 632,037 € | 136.3 | 2025 |
| 6 | Matexi Projects 8790 Waregem | €243.0m | €196.8m | €49.4m | 113.3 | 2025 |
| 7 | Infino Vlaanderen 3012 Leuven | €86.4m | — | €7.17m | 112.4 | 2025 |
| 8 | Eduard Vastgoed 3920 Lommel | €28.8m | €82.9m | €7.61m | 101.9 | 2025 |
| 9 | PM Group Belgium Services 2845 Niel | €18.8m | €38.0m | €2.47m | 91.4 | 2025 |
| 10 | Thuiswest 8800 Roeselare | €603.0m | €40.8m | €148.4m | 90.9 | 2025 |
| 11 | LeefGoed 2440 Geel | €570.8m | €35.3m | €92.5m | 86.6 | 2025 |
| 12 | Shurgard Europe 1702 Dilbeek | €33.6m | €39.3m | €20.4m | 84.9 | 2025 |
| 13 | Maatschappij TOT Exploitatie van Immobilien 8790 Waregem | €1.11bn | €28.3m | €327.2m | 83.8 | 2025 |
| 14 | Ceusters 2600 Antwerp | €17.0m | €29.7m | €4.07m | 76.3 | 2025 |
| 15 | Vivendo 8000 Bruges | €605.9m | €44.9m | €120.0m | 75.1 | 2025 |
| 16 | Kanvaz 3300 Tienen | €358.5m | €20.1m | €76.1m | 74.0 | 2025 |
| 17 | Erva Company 9000 Ghent | €1.56m | — | 992,320 € | 71.7 | 2025 |
| 18 | DIJLEDAL Sociale Huisvesting Leuven 3000 Leuven | €352.7m | €23.7m | €29.0m | 70.2 | 2025 |
| 19 | Woonmaatschappij Dender-Zuid 9300 Aalst | €424.7m | €33.9m | €73.7m | 68.8 | 2025 |
| 20 | Ligo, Centrum voor Basiseducatie Antwerpen 2140 Antwerp | €13.1m | 12,594 € | €6.46m | 66.5 | 2025 |
| 21 | Woonboog 2300 Turnhout | €520.1m | €38.6m | €37.5m | 65.4 | 2025 |
| 22 | Woonmaatschappij Rivierenland 2800 Mechelen | €523.7m | €29.1m | €64.8m | 63.8 | 2025 |
| 23 | WoonST 9140 Temse | €264.8m | €20.7m | €57.0m | 63.0 | 2025 |
| 24 | Konvert Service 8500 Kortrijk | €66.9m | — | €62.3m | 60.7 | 2025 |
| 25 | ComTIS Services 2440 Geel | €6.58m | €14.6m | €1.97m | 60.3 | 2025 |
| 26 | Stadsontwikkeling Gent (sogent) 9000 Ghent | €330.0m | €13.1m | €204.8m | 58.7 | 2025 |
| 27 | De Voorkempen - H.E. 2960 Brecht | €352.4m | €19.6m | €42.6m | 58.5 | 2025 |
| 28 | SW+ 8500 Kortrijk | €401.7m | €24.2m | €67.0m | 56.5 | 2025 |
| 29 | Marian 3660 Oudsbergen | €4.02m | — | €3.13m | 53.0 | 2025 |
| 30 | Net’antwerk 8900 Ypres | €2.62m | — | €2.40m | 49.3 | 2025 |
| 31 | stek92 9200 Dendermonde | €228.3m | €14.6m | €58.1m | 48.5 | 2025 |
| 32 | B & R 2370 Arendonk | €132.5m | €15.6m | €40.0m | 47.4 | 2025 |
| 33 | De Syndicus 3500 Hasselt | €2.77m | — | 587,569 € | 46.4 | 2025 |
| 34 | Equitom 3560 Lummen | €8.50m | €13.7m | €1.68m | 44.7 | 2025 |
| 35 | Intergemeentelijk Samenwerkingsverband van het Land van Waas 9100 Sint-Niklaas | €78.4m | €2.91m | €55.1m | 44.5 | 2025 |
| 36 | Woontrots 3080 Tervuren | €342.8m | €20.9m | €44.3m | 43.6 | 2025 |
| 37 | Intergemeentelijke Vereniging Veneco 9070 Destelbergen | €52.0m | €1.18m | €23.1m | 42.6 | 2025 |
| 38 | Upgrade Estate Group 9051 Ghent | €131.1m | — | €54.7m | 41.0 | 2026 |
| 39 | Vulpia Care 2930 Brasschaat | €51.9m | €10.3m | €25.2m | 40.5 | 2025 |
| 40 | Vopak Belgium 2040 Antwerp | €383.6m | — | €368.2m | 38.8 | 2025 |
| 41 | Demuver 8740 Pittem | €1.39m | — | 529,212 € | 38.5 | 2025 |
| 42 | Delbor 8540 Deerlijk | 719,767 € | — | 108,559 € | 36.9 | 2026 |
| 43 | Woonkade Rupelstreek 2850 Boom | €159.1m | €10.3m | €18.3m | 36.9 | 2025 |
| 44 | European Real Estate Belgian OpCo 2600 Antwerp | €4.02m | — | €1.19m | 36.6 | 2025 |
| 45 | Lift Clean 2100 Antwerp | 352,543 € | — | 134,967 € | 36.0 | 2024 |
| 46 | Woonmaatschappij VIVUS 8530 Harelbeke | €304.0m | €19.5m | €63.8m | 34.8 | 2025 |
| 47 | Immo VDK 8530 Harelbeke | €22.8m | €3.34m | €5.30m | 34.0 | 2025 |
| 48 | Alides Real Estate Investment and Management 9000 Ghent | €461.6m | €80.4m | €272.7m | 33.8 | 2025 |
| 49 | !Mpuls Menen-Wervik 8930 Menen | €213.9m | €13.2m | €62.4m | 33.4 | 2025 |
| 50 | ERA Servimo Westkust 8670 Koksijde | €3.86m | — | €1.10m | 33.1 | 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.
Real estate activities across Belgium → All sectors · Flanders →
Other sectors · Flanders
- 01 Crop and animal production, hunting and related service activities1,948
- 02 Forestry and logging64
- 03 Fishing and aquaculture60
- 08 Other mining and quarrying41
- 10 Manufacture of food products2,131
- 11 Manufacture of beverages152
- 12 Manufacture of tobacco products15
- 13 Manufacture of textiles422
- 14 Manufacture of wearing apparel128
- 15 Manufacture of leather and related products of other materials22
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials497
- 17 Manufacture of paper and paper products149
- 18 Printing and reproduction of recorded media466
- 19 Manufacture of coke and refined petroleum products11
- 20 Manufacture of chemicals and chemical products365
- 21 Manufacture of basic pharmaceutical products and pharmaceutical preparations72
- 22 Manufacture of rubber and plastic products373
- 23 Manufacture of other non-metallic mineral products564
- 24 Manufacture of basic metals153
- 25 Manufacture of fabricated metal products, except machinery and equipment2,057
- 26 Manufacture of computer, electronic and optical products239
- 27 Manufacture of electrical equipment229
- 28 Manufacture of machinery and equipment n.e.c.652
- 29 Manufacture of motor vehicles, trailers and semi-trailers183
- 30 Manufacture of other transport equipment60
- 31 Manufacture of furniture513
- 32 Other manufacturing416
- 33 Repair, maintenance and installation of machinery and equipment708
- 35 Electricity, gas, steam and air conditioning supply108
- 36 Water collection, treatment and supply15
- 37 Sewerage72
- 38 Waste collection, recovery and disposal activities378
- 39 Remediation activities and other waste management service activities40
- 41 Construction of residential and non-residential buildings3,492
- 42 Civil engineering943
- 43 Specialised construction activities10,806
- 46 Wholesale trade10,014
- 47 Retail trade11,712
- 49 Land transport and transport via pipelines3,116
- 50 Water transport118
- 51 Air transport33
- 52 Warehousing, storage and support activities for transportation1,021
- 53 Postal and courier activities175
- 55 Accommodation897
- 56 Food and beverage service activities8,666
- 58 Publishing activities231
- 59 Motion picture, video and television programme production, sound recording and music publishing activities289
- 60 Programming, broadcasting, news agency and other content distribution activities25
- 61 Telecommunication84
- 62 Computer programming, consultancy and related activities3,117
- 63 Computing infrastructure, data processing, hosting and other information service activities218
- 64 Financial service activities, except insurance and pension funding2,369
- 65 Insurance, reinsurance and pension funding, except compulsory social security31
- 66 Activities auxiliary to financial services and insurance activities1,957
- 69 Legal and accounting activities3,059
- 70 Activities of head offices and management consultancy2,566
- 71 Architectural and engineering activities; technical testing and analysis1,839
- 72 Scientific research and development176
- 73 Activities of advertising, market research and public relations813
- 74 Other professional, scientific and technical activities313
- 75 Veterinary activities326
- 77 Rental and leasing activities509
- 78 Employment activities422
- 79 Travel agency, tour operator and other reservation service and related activities270
- 80 Investigation and security activities78
- 81 Services to buildings and landscape activities1,730
- 82 Office administrative, office support and other business support activities776
- 84 Public administration and defence; compulsory social security39
- 85 Education549
- 86 Human health activities3,162
- 87 Residential care activities515
- 88 Social work activities without accommodation762
- 90 Arts creation and performing arts activities306
- 91 Libraries, archives, museums and other cultural activities57
- 92 Gambling and betting activities56
- 93 Sports activities and amusement and recreation activities854
- 94 Activities of membership organisations282
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles984
- 96 Personal service activities1,624
Municipalities with the most companies in the sector · Flanders
- 2000 Antwerp865
- 9000 Ghent785
- 2018 Antwerp758
- 8300 Knokke-Heist (Knokke, Westkapelle)732
- 3500 Hasselt (Sint-Lambrechts-Herk)667
- 8800 Roeselare (Beveren, Oekene, Rumbeke)413
- 8500 Kortrijk410
- 2970 Schilde ('s Gravenwezel)389
- 2930 Brasschaat352
- 8400 Ostend (Stene, Zandvoorde)319
- 8000 Bruges (Koolkerke)308
- 3600 Genk305
Frequently asked questions
Which is the largest employer in Real estate activities in Flanders?
Among companies, Wonen in Limburg, with 397.5 full-time equivalents reported (financial year 2025).
Are all 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. 2,916 out of 33,110 companies in the sector report employees there.
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 12 Nov 2026.