Ranking · Liège province · NACE 70
Activities of head offices and management consultancy: the largest companies in Liège province
As of 14 Nov 2026, 3,852 companies in Activities of head offices and management consultancy (NACE 70) in Liège province publish total assets in recent accounts (financial years 2023 to 2026). The top 10 account for €1.91bn, out of €6.57bn for all of them; median total assets are 216,238 €. HQ1 leads with €481.7m (financial year 2025).
Top 50 · Activities of head offices and management consultancy · Liège province
Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | HQ1 4000 Liège | €481.7m | €112.4m | −€98.8m | 354.7 | 2025 |
| 2 | Herstal Group Services 4040 Herstal | €313.2m | €1.41m | €99.8m | 7.4 | 2025 |
| 3 | Nomainvest 4700 Eupen | €232.7m | 260,174 € | €175.8m | 1.9 | 2025 |
| 4 | PhysIOL Group 4031 Liège | €215.6m | — | €212.9m | — | 2025 |
| 5 | SmartSec 4000 Liège | €149.1m | €2.29m | €126.7m | — | 2025 |
| 6 | JSA 4040 Herstal | €138.1m | — | €124.0m | — | 2025 |
| 7 | Newpharma Group 4020 Liège | €109.2m | €60.9m | €86.8m | 100.9 | 2026 |
| 8 | EMIL FREY Belgique SA 4340 Awans | €101.3m | €6.68m | €27.8m | 34.6 | 2025 |
| 9 | Zingy Capital 4000 Liège | €87.7m | — | €87.6m | — | 2025 |
| 10 | Leo Invest 4800 Verviers | €85.3m | 90,000 € | 126,636 € | — | 2025 |
| 11 | Cheniclem 4520 Wanze | €82.7m | — | €59.2m | 6.5 | 2025 |
| 12 | Groupe Autosecurite 4800 Verviers | €81.1m | €7.54m | €15.8m | 53.2 | 2025 |
| 13 | Infiso 4650 Herve | €79.6m | €10.1m | €72.5m | — | 2025 |
| 14 | G4 Finance 4053 Chaudfontaine | €72.7m | €1.91m | €46.4m | — | 2025 |
| 15 | Noshaq Spin-Offs 4000 Liège | €69.2m | 152,297 € | €18.1m | — | 2025 |
| 16 | SEPTEO Belgique 4000 Liège | €68.1m | — | −€10.2m | — | 2025 |
| 17 | Lavaux Invest 4550 Nandrin | €63.1m | — | €35.0m | — | 2025 |
| 18 | Luna Belgium 4141 Sprimont | €58.0m | — | €5.80m | — | 2025 |
| 19 | Vivalto Immo 4431 Ans | €55.7m | — | €52.4m | — | 2025 |
| 20 | 2H Invest 4000 Liège | €53.1m | 205,000 € | €53.0m | — | 2025 |
| 21 | Delloye Group 4530 Villers-le-Bouillet | €52.0m | — | −149,479 € | — | 2025 |
| 22 | Sealcompinvest 4731 Raeren | €48.0m | — | €26.5m | — | 2025 |
| 23 | TF Invest 4041 Herstal | €46.5m | €2.42m | €30.9m | — | 2025 |
| 24 | PCSI 4432 Ans | €44.7m | 60,000 € | €32.3m | — | 2025 |
| 25 | L.M. Biemar 4653 Herve | €41.6m | 542,512 € | €39.9m | — | 2025 |
| 26 | SI-HBeL 4041 Herstal | €40.6m | €3.21m | €20.8m | 7.2 | 2025 |
| 27 | Etablissements Jungling 4000 Liège | €38.3m | — | €4.81m | — | 2026 |
| 28 | Green for Power Holdco 4000 Liège | €36.7m | — | €36.6m | — | 2025 |
| 29 | Noshaq Europe 3 4000 Liège | €33.6m | 64,974 € | €32.3m | — | 2025 |
| 30 | Hobeco 4431 Ans | €30.4m | — | €26.9m | 6.5 | 2025 |
| 31 | Faymonville Holding 4760 Büllingen | €27.3m | — | €22.4m | — | 2025 |
| 32 | Gehlen Management 4960 Malmedy | €26.6m | €3.46m | €11.1m | 9.3 | 2025 |
| 33 | YIMA 4000 Liège | €25.8m | — | €2.66m | — | 2023 |
| 34 | TC Partner 4020 Liège | €24.6m | — | €21.0m | — | 2025 |
| 35 | JLD Management 4800 Verviers | €24.5m | — | €16.9m | — | 2025 |
| 36 | Blue Brain 4053 Chaudfontaine | €23.8m | — | €21.5m | — | 2025 |
| 37 | Icarus Group 4041 Herstal | €23.5m | €1.11m | €11.3m | 5.8 | 2025 |
| 38 | L Advisory 4000 Liège | €22.8m | — | €22.8m | — | 2025 |
| 39 | WE Accompagnement et Stratégie 4000 Liège | €21.4m | 242,791 € | €1.41m | 52.5 | 2025 |
| 40 | Delta Group 4040 Herstal | €20.3m | — | €7.45m | — | 2025 |
| 41 | 2D Conseil 4140 Sprimont | €20.2m | 409,095 € | €18.8m | — | 2025 |
| 42 | Le Fiacre 4000 Liège | €20.0m | — | −€1.77m | — | 2025 |
| 43 | Trendy Foods Finances 4041 Herstal | €19.4m | €2.39m | €13.8m | — | 2025 |
| 44 | BLCK-Invest 4122 Neupré | €18.6m | — | €18.4m | — | 2025 |
| 45 | KLC Management 4877 Olne | €18.4m | — | €12.1m | — | 2025 |
| 46 | Pauls 4780 Sankt Vith | €17.9m | — | €1.46m | — | 2025 |
| 47 | HEINEN Doors International 4950 Waimes | €17.6m | — | €14.8m | — | 2025 |
| 48 | Camalex 4960 Malmedy | €17.4m | — | €15.6m | — | 2025 |
| 49 | Finawirs 4400 Flémalle | €17.3m | €1.07m | €6.16m | — | 2025 |
| 50 | Greisch - Coordination & Etudes 4031 Liège | €17.2m | 557,786 € | €11.3m | 2.5 | 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.
“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.
Activities of head offices and management consultancy across Belgium → All sectors · Liège province →
Other sectors · Liège province
- 01 Crop and animal production, hunting and related service activities725
- 02 Forestry and logging111
- 08 Other mining and quarrying38
- 10 Manufacture of food products491
- 11 Manufacture of beverages80
- 13 Manufacture of textiles51
- 14 Manufacture of wearing apparel26
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials151
- 17 Manufacture of paper and paper products14
- 18 Printing and reproduction of recorded media145
- 20 Manufacture of chemicals and chemical products65
- 21 Manufacture of basic pharmaceutical products and pharmaceutical preparations57
- 22 Manufacture of rubber and plastic products67
- 23 Manufacture of other non-metallic mineral products114
- 24 Manufacture of basic metals50
- 25 Manufacture of fabricated metal products, except machinery and equipment623
- 26 Manufacture of computer, electronic and optical products82
- 27 Manufacture of electrical equipment67
- 28 Manufacture of machinery and equipment n.e.c.143
- 29 Manufacture of motor vehicles, trailers and semi-trailers41
- 30 Manufacture of other transport equipment22
- 31 Manufacture of furniture88
- 32 Other manufacturing131
- 33 Repair, maintenance and installation of machinery and equipment237
- 35 Electricity, gas, steam and air conditioning supply93
- 37 Sewerage25
- 38 Waste collection, recovery and disposal activities103
- 41 Construction of residential and non-residential buildings1,295
- 42 Civil engineering148
- 43 Specialised construction activities3,733
- 46 Wholesale trade2,369
- 47 Retail trade3,826
- 49 Land transport and transport via pipelines598
- 51 Air transport20
- 52 Warehousing, storage and support activities for transportation222
- 53 Postal and courier activities47
- 55 Accommodation465
- 56 Food and beverage service activities2,103
- 58 Publishing activities115
- 59 Motion picture, video and television programme production, sound recording and music publishing activities146
- 60 Programming, broadcasting, news agency and other content distribution activities17
- 61 Telecommunication29
- 62 Computer programming, consultancy and related activities1,168
- 63 Computing infrastructure, data processing, hosting and other information service activities105
- 64 Financial service activities, except insurance and pension funding1,229
- 65 Insurance, reinsurance and pension funding, except compulsory social security36
- 66 Activities auxiliary to financial services and insurance activities648
- 68 Real estate activities3,906
- 69 Legal and accounting activities1,664
- 71 Architectural and engineering activities; technical testing and analysis1,299
- 72 Scientific research and development137
- 73 Activities of advertising, market research and public relations552
- 74 Other professional, scientific and technical activities330
- 75 Veterinary activities202
- 77 Rental and leasing activities235
- 78 Employment activities86
- 79 Travel agency, tour operator and other reservation service and related activities71
- 80 Investigation and security activities37
- 81 Services to buildings and landscape activities507
- 82 Office administrative, office support and other business support activities622
- 84 Public administration and defence; compulsory social security11
- 85 Education409
- 86 Human health activities4,749
- 87 Residential care activities183
- 88 Social work activities without accommodation176
- 90 Arts creation and performing arts activities191
- 91 Libraries, archives, museums and other cultural activities24
- 92 Gambling and betting activities21
- 93 Sports activities and amusement and recreation activities398
- 94 Activities of membership organisations79
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles422
- 96 Personal service activities602
Municipalities with the most companies in the sector · Liège province
- 4000 Liège (Glain, Rocourt)374
- 4020 Liège (Bressoux, Jupille-Sur-Meuse, Wandre)125
- 4053 Chaudfontaine (Embourg)112
- 4140 Sprimont (Dolembreux, Gomzé-Andoumont, Rouvreux)102
- 4130 Esneux (Tilff)97
- 4910 Theux (La Reid, Polleur)85
- 4280 Hannut (Abolens, Avernas-Le-Bauduin, Avin, …)79
- 4800 Verviers (Ensival, Lambermont, Petit-Rechain, …)78
- 4700 Eupen72
- 4052 Chaudfontaine (Beaufays)71
- 4100 Seraing (Boncelles)70
- 4500 Huy (Ben-Ahin, Tihange)64
Frequently asked questions
Which is the largest company in Activities of head offices and management consultancy in Liège province?
By total assets, it is HQ1 (€481.7m, financial year 2025).
How many companies in Activities of head offices and management consultancy in Liège province are ranked?
3,852 out of 3,895 active companies in the sector with their registered office in the area: those whose latest accounts are less than 3 years old.
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.