Ranking · Flanders · NACE 68
Real estate activities: highest revenue in Flanders
As of 14 Nov 2026, 1,139 companies in Real estate activities (NACE 68) in Flanders publish their revenue in recent accounts (financial years 2023 to 2026). The top 10 account for €1.16bn, out of €5.05bn for all of them; median revenue is 520,620 €. Matexi Projects leads with €196.8m (financial year 2025).
Top 50 · Real estate activities · Flanders
Ranked by revenue published in the latest filed accounts (accounts less than 3 years old).
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | Matexi Projects 8790 Waregem | €243.0m | €196.8m | €49.4m | 113.3 | 2025 |
| 2 | Wonen in Limburg 3530 Houthalen-Helchteren | €2.06bn | €149.8m | €591.8m | 397.5 | 2025 |
| 3 | Woonhaven Antwerpen 2020 Antwerp | €1.56bn | €133.8m | €163.1m | 396.0 | 2025 |
| 4 | Redevco Belgium 1930 Zaventem | €561.8m | €130.8m | €491.9m | 28.8 | 2025 |
| 5 | Autonoom Gemeentebedrijf voor Vastgoedbeheer en Stadsprojecten - Vespa 2018 Antwerp | €618.6m | €120.1m | €310.8m | 154.8 | 2025 |
| 6 | Deleers Campus 2600 Antwerp | €2.71m | €99.4m | 865,649 € | — | 2025 |
| 7 | Delimmo 1730 Asse | €175.7m | €88.4m | €129.1m | — | 2025 |
| 8 | Eduard Vastgoed 3920 Lommel | €28.8m | €82.9m | €7.61m | 101.9 | 2025 |
| 9 | Alides Real Estate Investment and Management 9000 Ghent | €461.6m | €80.4m | €272.7m | 33.8 | 2025 |
| 10 | MG Projects Belgium 9000 Ghent | €92.1m | €74.3m | €14.7m | — | 2025 |
| 11 | Triple Living 2000 Antwerp | €272.8m | €73.0m | €70.7m | 30.0 | 2025 |
| 12 | Thuispunt Gent 9000 Ghent | €926.3m | €59.0m | €199.3m | 198.3 | 2025 |
| 13 | Volus 9880 Aalter | €29.3m | €58.4m | €6.87m | 3.1 | 2025 |
| 14 | Bagio 3040 Huldenberg | €61.1m | €54.5m | €12.0m | 1.2 | 2025 |
| 15 | Caaap 9051 Ghent | €76.3m | €52.4m | €17.1m | 15.1 | 2025 |
| 16 | Weerts Logistics Parks 3700 Tongeren-Borgloon | €1.04bn | €49.4m | €638.4m | — | 2025 |
| 17 | Hectaar 8800 Roeselare | €38.5m | €47.1m | €25.6m | 21.9 | 2025 |
| 18 | Vivendo 8000 Bruges | €605.9m | €44.9m | €120.0m | 75.1 | 2025 |
| 19 | Regatta-L.O. 2000 Antwerp | €53.3m | €43.8m | €13.6m | — | 2025 |
| 20 | Thuiswest 8800 Roeselare | €603.0m | €40.8m | €148.4m | 90.9 | 2025 |
| 21 | Acasa Projects 9830 Sint-Martens-Latem | €30.7m | €39.7m | 574,156 € | — | 2025 |
| 22 | Shurgard Europe 1702 Dilbeek | €33.6m | €39.3m | €20.4m | 84.9 | 2025 |
| 23 | Ghelamco Invest 8900 Ypres | €373.0m | €38.6m | €91.2m | — | 2025 |
| 24 | Woonboog 2300 Turnhout | €520.1m | €38.6m | €37.5m | 65.4 | 2025 |
| 25 | PM Group Belgium Services 2845 Niel | €18.8m | €38.0m | €2.47m | 91.4 | 2025 |
| 26 | Degroote Real Estate Development 8400 Ostend | €119.0m | €37.9m | €67.1m | — | 2025 |
| 27 | 3D Real Estate 9000 Ghent | €62.5m | €35.9m | €10.4m | — | 2025 |
| 28 | LeefGoed 2440 Geel | €570.8m | €35.3m | €92.5m | 86.6 | 2025 |
| 29 | Fremato Group 8790 Waregem | €285.2m | €34.0m | €47.0m | — | 2025 |
| 30 | Woonmaatschappij Dender-Zuid 9300 Aalst | €424.7m | €33.9m | €73.7m | 68.8 | 2025 |
| 31 | Capronnier Invest 8790 Waregem | €4.71m | €33.7m | 472,181 € | — | 2025 |
| 32 | evillas 1600 Sint-Pieters-Leeuw | €42.3m | €30.4m | €6.86m | 9.9 | 2025 |
| 33 | WAVE 2000 Antwerp | €186.2m | €30.1m | €67.3m | — | 2024 |
| 34 | Wholesale Real Estate Belgium 9790 Wortegem-Petegem | €44.6m | €29.9m | €40.8m | — | 2025 |
| 35 | Gravejan GRO 8790 Waregem | €16.1m | €29.8m | €2.27m | — | 2025 |
| 36 | Ceusters 2600 Antwerp | €17.0m | €29.7m | €4.07m | 76.3 | 2025 |
| 37 | Landmaat 8800 Roeselare | €46.5m | €29.5m | €27.4m | 3.3 | 2025 |
| 38 | United Real Estate 2018 Antwerp | €42.0m | €29.4m | €13.1m | — | 2024 |
| 39 | Woonmaatschappij Rivierenland 2800 Mechelen | €523.7m | €29.1m | €64.8m | 63.8 | 2025 |
| 40 | Resolve Development 2018 Antwerp | €44.0m | €28.4m | €1.98m | — | 2025 |
| 41 | VR Maasmechelen Tourist Outlets 3630 Maasmechelen | €36.3m | €28.3m | −€185.4m | 23.2 | 2025 |
| 42 | Maatschappij TOT Exploitatie van Immobilien 8790 Waregem | €1.11bn | €28.3m | €327.2m | 83.8 | 2025 |
| 43 | H. Essers Logistics Company 3600 Genk | €550.7m | €28.2m | €123.3m | — | 2025 |
| 44 | Urban Development 2000 Antwerp | €17.9m | €28.0m | €5.20m | — | 2025 |
| 45 | PDF Construct 8790 Waregem | €6.62m | €26.9m | €1.79m | — | 2025 |
| 46 | Degroote Harbour Construct 8400 Ostend | €28.8m | €25.4m | €7.34m | 3.1 | 2025 |
| 47 | Resiterra 3000 Leuven | €27.4m | €25.3m | €7.37m | 0.9 | 2025 |
| 48 | Van Wellen-Steen Vastgoed 2950 Kapellen | €15.7m | €24.7m | €2.89m | 23.7 | 2025 |
| 49 | SW+ 8500 Kortrijk | €401.7m | €24.2m | €67.0m | 56.5 | 2025 |
| 50 | Koramic Development Projects 8500 Kortrijk | €36.8m | €24.1m | €25.4m | — | 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.
Real estate activities 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
- 27 Manufacture of electrical equipment63
- 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
- 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
- 2000 Antwerp865
- 9000 Ghent784
- 2018 Antwerp756
- 8300 Knokke-Heist (Knokke, Westkapelle)731
- 3500 Hasselt (Sint-Lambrechts-Herk)668
- 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 company in Real estate activities in Flanders has the highest revenue?
Matexi Projects, with €196.8m 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 1,139 that publish it, out of 33,111 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.
Idonis
Analyse companies · Flanders
Filter these companies by size, soundness and trend, follow them and get an alert when their accounts or publications change.
Open the full file →Free account in 30 seconds, by email. No bank card.
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.