Highest published revenue in Flanders
21,570 companies in Flanders publish their revenue in recent accounts; here are the top 50. Pfizer Service Company leads with €31.9bn (financial year 2025).
Top 50 · Flanders
Ranked by revenue published in the latest filed accounts (accounts less than 3 years old).
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | Pfizer Service Company 1932 Zaventem | €14.2bn | €31.9bn | €135.6m | 221.3 | 2025 |
| 2 | Janssen Pharmaceutica 2340 Beerse | €21.6bn | €21.8bn | €11.7bn | 5,324.5 | 2025 |
| 3 | Exxonmobil Petroleum & Chemical 2030 Antwerp | €41.1bn | €19.9bn | €11.7bn | 1,829.1 | 2025 |
| 4 | Cargill NV 2800 Mechelen | €2.46bn | €13.4bn | €494.3m | 992.8 | 2025 |
| 5 | Colruyt Food Retail 1500 Halle | €3.05bn | €8.05bn | €786.2m | 16,584.4 | 2026 |
| 6 | Barry Callebaut Belgium NV 9280 Lebbeke | €2.63bn | €6.57bn | €246.6m | 1,016.6 | 2025 |
| 7 | Volvo CAR Belgium NV 9000 Ghent | €1.58bn | €6.25bn | €220.1m | 5,497.2 | 2025 |
| 8 | BASF Antwerpen 2040 Antwerp | €2.38bn | €5.69bn | €998.9m | 3,640.9 | 2025 |
| 9 | Delhaize Le Lion/De Leeuw 1730 Asse | €2.02bn | €5.49bn | €239.4m | 3,423.3 | 2025 |
| 10 | Mazda Motor Logistics Europe 2830 Willebroek | €1.80bn | €4.62bn | €116.1m | 307.0 | 2026 |
| 11 | Aurubis Olen 2250 Olen | €1.31bn | €4.19bn | €976.0m | 704.0 | 2025 |
| 12 | Volvo Group Belgium 9041 Ghent | €943.9m | €4.17bn | €123.5m | 3,810.2 | 2025 |
| 13 | Carrefour Belgium 1930 Zaventem | €1.42bn | €4.02bn | €42.5m | 6,365.9 | 2025 |
| 14 | Bridgestone Europe NV/SA 1930 Zaventem | €4.89bn | €3.89bn | €2.33bn | 429.5 | 2025 |
| 15 | argenx 9052 Ghent | €7.01bn | €3.80bn | €5.71bn | 510.9 | 2025 |
| 16 | Gmed Healthcare 1831 Machelen (Brab.) | €2.14bn | €3.61bn | €85.1m | 89.4 | 2025 |
| 17 | Philip Morris Benelux 2600 Antwerp | €1.31bn | €3.45bn | €13.1m | 187.4 | 2025 |
| 18 | Daikin Europe N.V. 8400 Ostend | €2.53bn | €3.11bn | €1.24bn | 1,724.0 | 2026 |
| 19 | Fluvius System Operator 9090 Merelbeke-Melle | €10.2bn | €2.90bn | €993.8m | 5,326.3 | 2025 |
| 20 | Avnet Europe 1831 Machelen (Brab.) | €3.77bn | €2.84bn | €1.26bn | 216.1 | 2025 |
| 21 | Aperam Stainless Belgium 3600 Genk | €2.13bn | €2.78bn | €527.3m | 2,081.9 | 2025 |
| 22 | KUWAIT PETROLEUM (Belgium) 2018 Antwerp | €628.7m | €2.73bn | €214.6m | 426.3 | 2025 |
| 23 | BMW Belgium Luxembourg 2880 Bornem | €659.2m | €2.59bn | €41.7m | 176.6 | 2025 |
| 24 | Atlas Copco Airpower 2610 Antwerp | €9.68bn | €2.31bn | €3.96bn | 3,520.5 | 2025 |
| 25 | Viatris International Supply Point 1560 Hoeilaart | €3.12bn | €2.30bn | €1.42bn | 40.0 | 2025 |
| 26 | St. Jude Medical Coordination Center 1930 Zaventem | €1.37bn | €2.12bn | €568.5m | 349.1 | 2025 |
| 27 | Telenet 2800 Mechelen | €4.49bn | €2.12bn | €2.70bn | 2,475.5 | 2025 |
| 28 | Argentor Essayeurs 2018 Antwerp | €145.6m | €1.94bn | €8.38m | 13.7 | 2025 |
| 29 | Vandemoortele Europe 9000 Ghent | €727.9m | €1.92bn | €345.7m | 162.4 | 2025 |
| 30 | TD SYNNEX Belgium 9300 Aalst | €633.8m | €1.90bn | €49.3m | 360.0 | 2025 |
| 31 | Black & Decker Limited 3980 Tessenderlo-Ham | €1.28bn | €1.84bn | €312.5m | 349.7 | 2025 |
| 32 | AXUS 1932 Zaventem | €3.85bn | €1.80bn | €682.0m | 521.3 | 2025 |
| 33 | Clarebout Potatoes 8950 Heuvelland | €986.6m | €1.80bn | €548.7m | 711.6 | 2024 |
| 34 | Febelco 9100 Sint-Niklaas | €381.9m | €1.79bn | €103.6m | 948.1 | 2025 |
| 35 | Unilin 8710 Wielsbeke | €7.18bn | €1.75bn | €4.32bn | 2,113.3 | 2025 |
| 36 | Conway - The Convenience Company België 9140 Temse | €219.2m | €1.74bn | €76.5m | 329.9 | 2025 |
| 37 | Komatsu Europe International 1800 Vilvoorde | €1.90bn | €1.74bn | €1.34bn | 349.2 | 2026 |
| 38 | Jan De Nul 9308 Aalst | €2.66bn | €1.73bn | €1.42bn | 1,840.7 | 2025 |
| 39 | Brussels Airlines 1831 Machelen (Brab.) | €598.4m | €1.70bn | −€156.9m | 2,831.9 | 2025 |
| 40 | Microsoft 1930 Zaventem | €1.28bn | €1.65bn | €143.8m | 528.4 | 2025 |
| 41 | Aurubis Beerse 2340 Beerse | €397.0m | €1.62bn | €203.6m | 485.4 | 2025 |
| 42 | CNH Industrial Belgium 8210 Zedelgem | €887.8m | €1.56bn | €556.4m | 3,222.1 | 2025 |
| 43 | Varo Energy Belgium 9000 Ghent | €252.9m | €1.54bn | −€8.50m | 10.6 | 2025 |
| 44 | Northstar 2030 Antwerp | €48.3m | €1.52bn | €25.4m | 2.5 | 2024 |
| 45 | Chevron Phillips Chemicals International 1831 Machelen (Brab.) | €664.3m | €1.52bn | €473.4m | 333.7 | 2025 |
| 46 | Mobis Parts Europe 3583 Beringen | €1.15bn | €1.52bn | €895.6m | 219.8 | 2025 |
| 47 | FrieslandCampina Belgium 9880 Aalter | €378.3m | €1.51bn | €115.8m | 1,129.3 | 2025 |
| 48 | Ontex 9255 Buggenhout | €1.14bn | €1.51bn | €360.1m | 578.9 | 2025 |
| 49 | Action Belgium 1730 Asse | €273.8m | €1.47bn | €70.5m | 3,178.2 | 2025 |
| 50 | Vlaamse Vervoermaatschappij - De Lijn 2800 Mechelen | €3.09bn | €1.42bn | €2.25bn | 7,637.1 | 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. 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.
Most represented sectors · Flanders
Frequently asked questions
Which company in Flanders has the highest revenue?
Pfizer Service Company, with €31.9bn in published revenue (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.
Why are some companies missing?
Small companies (micro and abridged accounts) do not have to publish their revenue: only the 21,570 that publish it are ranked.
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 →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 10 Nov 2026.