Manufacture of fabricated metal products, except machinery and equipment: highest revenue in Liège province
As of 14 Nov 2026, 71 companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25) in Liège province publish their revenue in recent accounts (financial years 2023 to 2026). The top 10 account for €1.54bn, out of €1.97bn for all of them; median revenue is €8.54m. Thales Belgium leads with €436.9m (financial year 2025).
Top 50 · Manufacture of fabricated metal products, except machinery and equipment · Liège province
Ranked by revenue published in the latest filed accounts (accounts less than 3 years old).
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | Thales Belgium 4040 Herstal | €450.1m | €436.9m | €67.6m | 450.5 | 2025 |
| 2 | FN Herstal 4040 Herstal | €788.5m | €422.0m | €460.0m | 1,488.8 | 2025 |
| 3 | John Cockerill 4100 Seraing | €851.9m | €272.0m | €296.6m | 565.5 | 2025 |
| 4 | John Cockerill Defense 4431 Ans | €824.2m | €118.5m | €265.8m | 217.0 | 2025 |
| 5 | BROWNING International 4040 Herstal | €87.9m | €96.0m | €59.6m | 118.0 | 2025 |
| 6 | Société Européenne de Galvanisation 4400 Flémalle | €37.9m | €76.8m | €13.8m | 139.0 | 2026 |
| 7 | Armstrong International 4040 Herstal | €50.7m | €36.5m | €25.0m | 89.3 | 2026 |
| 8 | T.R.H. Liège 4020 Liège | €23.9m | €29.4m | €8.20m | 32.2 | 2025 |
| 9 | Metallic Bridges of Belgium 4560 Clavier | €15.1m | €28.4m | €2.36m | 53.8 | 2025 |
| 10 | Lampre Benelux 4000 Liège | €21.3m | €26.8m | €11.4m | 28.1 | 2025 |
| 11 | Shur-Lok International 4800 Verviers | €19.0m | €26.4m | €8.58m | 96.0 | 2025 |
| 12 | Connecton Fasteners 4141 Sprimont | €15.1m | €24.3m | €10.7m | 60.1 | 2025 |
| 13 | Sparx Industries 4000 Liège | €8.02m | €19.7m | 178,313 € | 59.0 | 2024 |
| 14 | Karl HUGO 4770 Amel | €20.4m | €19.3m | €16.0m | 49.5 | 2025 |
| 15 | Capaul 4700 Eupen | €18.2m | €18.1m | €9.81m | 94.9 | 2025 |
| 16 | Fabrications Metalliques du Condroz 4590 Ouffet | €5.28m | €15.4m | €2.85m | 18.0 | 2025 |
| 17 | ATS Rauw 4760 Büllingen | €8.01m | €14.9m | €4.08m | 33.5 | 2025 |
| 18 | EMZ Werke Manderfeld 4760 Büllingen | €26.8m | €14.5m | €13.5m | 40.8 | 2025 |
| 19 | Vanhulen High Precision Springs 4041 Herstal | €10.2m | €13.6m | €6.71m | 67.2 | 2026 |
| 20 | New Laser 4780 Sankt Vith | €9.47m | €13.4m | €5.01m | 32.7 | 2026 |
| 21 | TKM Industries 4020 Liège | €14.3m | €13.3m | €3.44m | 56.0 | 2025 |
| 22 | Albo.Product 4041 Herstal | €9.55m | €13.2m | €2.58m | 42.3 | 2025 |
| 23 | Degotte 4040 Herstal | €30.1m | €13.0m | €5.73m | 30.0 | 2025 |
| 24 | Metal Deploye Belge 4000 Liège | €11.4m | €12.8m | €8.76m | 27.7 | 2025 |
| 25 | HEINEN Doors Belgium 4950 Waimes | €23.2m | €12.8m | €7.96m | 42.2 | 2025 |
| 26 | Delbrassine 4800 Verviers | €5.11m | €12.2m | €1.71m | 64.6 | 2025 |
| 27 | Manutention Mécanique Jean Boucha 4041 Herstal | €3.83m | €10.8m | 152,400 € | 44.5 | 2025 |
| 28 | Ortmans 4890 Thimister-Clermont | €10.3m | €10.6m | €4.67m | 55.2 | 2025 |
| 29 | Würth Industry Belgium NV 4460 Grâce-Hollogne | €4.25m | €10.6m | €2.33m | 20.0 | 2025 |
| 30 | Jacquet Benelux 4040 Herstal | €6.63m | €10.6m | €3.99m | 20.6 | 2025 |
| 31 | Compagnie Belge de Ventilateurs 4130 Esneux | €7.33m | €10.5m | €4.20m | 38.4 | 2025 |
| 32 | Mecamold 4040 Herstal | €6.11m | €9.93m | €1.25m | 90.6 | 2023 |
| 33 | Mecaspring 4040 Herstal | €7.80m | €9.62m | €1.48m | 62.3 | 2025 |
| 34 | Atelier de Construction Metallique 4780 Sankt Vith | €8.95m | €9.55m | €3.64m | 45.6 | 2025 |
| 35 | SA Delhez 4890 Thimister-Clermont | €10.7m | €9.24m | €4.90m | 42.9 | 2025 |
| 36 | Mustad BELGIUM 4700 Eupen | €9.86m | €8.54m | €3.22m | 66.6 | 2025 |
| 37 | Euro - Register 4681 Oupeye | €6.90m | €7.93m | 945,342 € | 66.3 | 2025 |
| 38 | Douin + 4040 Herstal | €3.77m | €7.28m | €1.59m | 45.1 | 2025 |
| 39 | Würth Industry Belux SA 4460 Grâce-Hollogne | €6.45m | €6.80m | €4.43m | 11.0 | 2025 |
| 40 | Safran Blades 4570 Marchin | €68.6m | €5.96m | €44.3m | 50.8 | 2025 |
| 41 | Ateliers Belgium Coatings 4460 Grâce-Hollogne | €12.9m | €5.90m | €1.18m | 58.0 | 2025 |
| 42 | Aquaflux 4020 Liège | €3.79m | €5.31m | €1.90m | 28.4 | 2025 |
| 43 | M.T.T.T. Grillo 4100 Seraing | €2.59m | €5.06m | 918,594 € | 48.4 | 2025 |
| 44 | Spaw Tech 4821 Dison | €3.45m | €4.51m | €1.36m | 18.3 | 2025 |
| 45 | Ionics 4042 Herstal | €4.93m | €4.24m | €1.75m | 14.4 | 2025 |
| 46 | Les Nouveaux Ateliers de la Meuse 4000 Liège | €14.4m | €4.24m | 945,202 € | 43.9 | 2025 |
| 47 | Galvanisation du Condroz 4590 Ouffet | €3.17m | €3.46m | 582,642 € | 17.5 | 2025 |
| 48 | Pirson - Montage 4460 Grâce-Hollogne | €5.95m | €2.61m | €4.51m | 11.8 | 2025 |
| 49 | Unite Liegeoise de Fabricants d'Armes de Chasse 4040 Herstal | 816,611 € | €1.72m | 304,425 € | — | 2025 |
| 50 | Amicis 4040 Herstal | €2.11m | €1.38m | 600,144 € | 4.1 | 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.
Manufacture of fabricated metal products, except machinery and equipment across Belgium → All sectors · Liège province →
Other sectors · Liège province
- 01 Crop and animal production, hunting and related service activities34
- 10 Manufacture of food products68
- 13 Manufacture of textiles10
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials19
- 18 Printing and reproduction of recorded media10
- 20 Manufacture of chemicals and chemical products22
- 21 Manufacture of basic pharmaceutical products and pharmaceutical preparations18
- 22 Manufacture of rubber and plastic products11
- 23 Manufacture of other non-metallic mineral products24
- 24 Manufacture of basic metals17
- 26 Manufacture of computer, electronic and optical products21
- 27 Manufacture of electrical equipment16
- 28 Manufacture of machinery and equipment n.e.c.24
- 32 Other manufacturing14
- 33 Repair, maintenance and installation of machinery and equipment18
- 35 Electricity, gas, steam and air conditioning supply22
- 38 Waste collection, recovery and disposal activities21
- 41 Construction of residential and non-residential buildings101
- 42 Civil engineering22
- 43 Specialised construction activities225
- 46 Wholesale trade244
- 47 Retail trade313
- 49 Land transport and transport via pipelines71
- 52 Warehousing, storage and support activities for transportation38
- 55 Accommodation25
- 56 Food and beverage service activities165
- 58 Publishing activities14
- 59 Motion picture, video and television programme production, sound recording and music publishing activities18
- 62 Computer programming, consultancy and related activities70
- 64 Financial service activities, except insurance and pension funding117
- 66 Activities auxiliary to financial services and insurance activities25
- 68 Real estate activities228
- 69 Legal and accounting activities69
- 70 Activities of head offices and management consultancy201
- 71 Architectural and engineering activities; technical testing and analysis70
- 72 Scientific research and development16
- 73 Activities of advertising, market research and public relations24
- 74 Other professional, scientific and technical activities11
- 77 Rental and leasing activities21
- 78 Employment activities17
- 79 Travel agency, tour operator and other reservation service and related activities10
- 81 Services to buildings and landscape activities34
- 82 Office administrative, office support and other business support activities45
- 85 Education94
- 86 Human health activities155
- 87 Residential care activities57
- 88 Social work activities without accommodation55
- 90 Arts creation and performing arts activities38
- 93 Sports activities and amusement and recreation activities39
- 94 Activities of membership organisations33
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles34
- 96 Personal service activities50
Municipalities with the most companies in the sector · Liège province
- 4040 Herstal43
- 4000 Liège (Glain, Rocourt)34
- 4100 Seraing (Boncelles)24
- 4460 Grâce-Hollogne (Bierset, Grâce-Berleur, Hollogne-Aux-Pierres, …)20
- 4800 Verviers (Ensival, Lambermont, Petit-Rechain, …)20
- 4890 Thimister-Clermont (Clermont, Thimister)20
- 4020 Liège (Bressoux, Jupille-Sur-Meuse, Wandre)18
- 4400 Flémalle (Awirs, Chokier, Flémalle-Grande, …)17
- 4041 Herstal (Milmort, Vottem)15
- 4780 Sankt Vith (Recht, Saint-Vith)15
- 4910 Theux (La Reid, Polleur)15
- 4700 Eupen14
Frequently asked questions
Which company in Manufacture of fabricated metal products, except machinery and equipment in Liège province has the highest revenue?
Thales Belgium, with €436.9m 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 71 that publish it, out of 647 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.
Analyse companies · Liège province
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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 14 Nov 2026.