The largest companies in Liège province
45,667 companies in Liège province have filed annual accounts. Here are the 50 largest by total assets: Ethias leads with €20.8bn (financial year 2025).
Top 50 · 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 | Ethias 4000 Liège | €20.8bn | — | €1.89bn | — | 2025 |
| 2 | Wallonie Entreprendre 4000 Liège | €5.36bn | €2.98m | €4.98bn | 178.0 | 2025 |
| 3 | Societe Publique DE Gestion DE L'EAU 4800 Verviers | €4.06bn | €450.2m | €2.14bn | 65.0 | 2025 |
| 4 | Lonza Finance International NV 4800 Verviers | €3.28bn | — | €45.3m | — | 2025 |
| 5 | Societe Wallonne DE Financement Complementaire DES Infrastructures 4031 Liège | €3.02bn | €502.8m | €2.31bn | 49.5 | 2025 |
| 6 | Societe Wallonne DES Eaux 4800 Verviers | €2.56bn | €631.3m | €1.52bn | 1,318.2 | 2025 |
| 7 | Safran Aero Boosters 4041 Herstal | €2.42bn | €1.01bn | €1.23bn | 1,532.2 | 2025 |
| 8 | RESA 4000 Liège | €2.25bn | €386.4m | €985.6m | 930.6 | 2025 |
| 9 | Nethys 4000 Liège | €1.72bn | 488,102 € | €1.65bn | 8.8 | 2025 |
| 10 | Enodia 4000 Liège | €1.35bn | — | €1.19bn | 170.9 | 2025 |
| 11 | Willis Towers Watson 4020 Liège | €915.2m | €131.4m | €106.0m | 123.7 | 2025 |
| 12 | Socofe 4000 Liège | €908.6m | — | €886.1m | 6.1 | 2025 |
| 13 | Centre hospitalier universitaire de Liège 4000 Liège | €877.5m | €838.8m | €344.8m | 5,386.9 | 2025 |
| 14 | Prayon 4480 Engis | €861.8m | €874.4m | €202.2m | 1,082.8 | 2025 |
| 15 | John Cockerill 4100 Seraing | €851.9m | €272.0m | €296.6m | 565.5 | 2025 |
| 16 | John Cockerill Defense 4431 Ans | €824.2m | €118.5m | €265.8m | 217.0 | 2025 |
| 17 | Meuse Finco 4000 Liège | €806.6m | 482,549 € | 113,217 € | 2.6 | 2025 |
| 18 | FN Herstal 4040 Herstal | €788.5m | €422.0m | €460.0m | 1,488.8 | 2025 |
| 19 | Groupe santé CHC 4000 Liège | €762.9m | €691.6m | €171.3m | 3,991.1 | 2025 |
| 20 | Meuse Bidco 4000 Liège | €736.3m | €2.16m | €729.9m | 1.0 | 2025 |
| 21 | RESA Holding 4000 Liège | €699.9m | — | €656.3m | 2.1 | 2025 |
| 22 | FN Browning Group 4040 Herstal | €689.0m | €18.3m | €501.3m | 29.3 | 2025 |
| 23 | Meuse Midco 4000 Liège | €656.4m | — | €656.2m | — | 2025 |
| 24 | Allin1 4000 Liège | €652.7m | — | €652.7m | — | 2025 |
| 25 | Green CCGT Holding 4020 Liège | €642.4m | — | −€5.18m | — | 2025 |
| 26 | Noshaq 4000 Liège | €582.8m | €8.99m | €212.1m | 61.0 | 2025 |
| 27 | Le Travailleur chez Lui 4000 Liège | €564.5m | €12.4m | €39.5m | 16.0 | 2025 |
| 28 | Amcotec 4700 Eupen | €553.5m | 4,512 € | €549.4m | 2.0 | 2024 |
| 29 | Magotteaux Group 4051 Chaudfontaine | €522.1m | — | €430.4m | — | 2025 |
| 30 | Tramardent 4020 Liège | €502.8m | €353.2m | €2.18m | — | 2025 |
| 31 | SPI 4000 Liège | €484.9m | €20.8m | €221.4m | 105.2 | 2025 |
| 32 | HQ1 4000 Liège | €481.7m | €112.4m | −€98.8m | 354.7 | 2025 |
| 33 | SPAQuE 4000 Liège | €479.8m | €10.6m | €55.9m | 84.4 | 2025 |
| 34 | Telix Innovations 4040 Herstal | €473.4m | €243.8m | €116.7m | 19.8 | 2025 |
| 35 | Compagnie Intercommunale Liégeoise des Eaux 4031 Liège | €460.1m | €159.7m | €366.6m | 393.7 | 2025 |
| 36 | Centre Hospitalier Regional DE LA Citadelle 4000 Liège | €456.9m | €594.0m | €81.1m | 3,235.0 | 2025 |
| 37 | Association Intercommunale Pour LE Demergement ET L'Epuration DES Communes DE LA Province DE Liege 4420 Saint-Nicolas | €454.1m | €78.7m | €140.4m | 284.4 | 2025 |
| 38 | Thales Belgium 4040 Herstal | €450.1m | €436.9m | €67.6m | 450.5 | 2025 |
| 39 | TotalEnergies Power & Gas Belgium 4000 Liège | €448.7m | €1.61bn | €65.6m | 181.4 | 2025 |
| 40 | Biowanze 4520 Wanze | €439.9m | €306.0m | €411.6m | 140.2 | 2026 |
| 41 | Credissimo 4000 Liège | €422.2m | €9.84m | €25.4m | 11.2 | 2025 |
| 42 | BENEO-Orafti 4360 Oreye | €406.1m | €372.4m | €246.7m | 347.7 | 2026 |
| 43 | BETA 4700 Eupen | €385.2m | — | €382.4m | — | 2025 |
| 44 | Intercommunale DE Soins Specialises DE Liege 4020 Liège | €351.8m | €271.5m | €110.3m | 3,892.7 | 2025 |
| 45 | Magotteaux International 4051 Chaudfontaine | €337.1m | €51.5m | €131.8m | 68.6 | 2025 |
| 46 | Elantis 4000 Liège | €324.5m | €24.9m | €20.8m | 52.5 | 2025 |
| 47 | Herstal Group Services 4040 Herstal | €313.2m | €1.41m | €99.8m | 7.4 | 2025 |
| 48 | Network Research Belgium 4040 Herstal | €306.6m | €356.7m | €206.2m | 915.0 | 2025 |
| 49 | LA Maison Liegeoise 4020 Liège | €271.6m | €18.9m | €102.2m | 74.3 | 2025 |
| 50 | EVS 4102 Seraing | €268.5m | €188.1m | €193.8m | 442.7 | 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.
Most represented sectors · Liège province
Municipalities with the most companies · Liège province
- 4000 Liège (Glain, Rocourt)4,923
- 4020 Liège (Bressoux, Jupille-Sur-Meuse, Wandre)2,150
- 4800 Verviers (Ensival, Lambermont, Petit-Rechain, …)1,369
- 4100 Seraing (Boncelles)1,083
- 4040 Herstal918
- 4500 Huy (Ben-Ahin, Tihange)846
- 4280 Hannut (Abolens, Avernas-Le-Bauduin, Avin, …)828
- 4460 Grâce-Hollogne (Bierset, Grâce-Berleur, Hollogne-Aux-Pierres, …)823
- 4053 Chaudfontaine (Embourg)773
- 4130 Esneux (Tilff)769
- 4140 Sprimont (Dolembreux, Gomzé-Andoumont, Rouvreux)727
- 4700 Eupen717
- 4400 Flémalle (Awirs, Chokier, Flémalle-Grande, …)713
- 4910 Theux (La Reid, Polleur)693
- 4960 Malmedy (Bevercé)651
- 4052 Chaudfontaine (Beaufays)634
Frequently asked questions
What is the largest company in Liège province?
By total assets, it is Ethias (€20.8bn, 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.
How many companies in Liège province have filed annual accounts?
45,667 active companies are registered there and have filed at least one set of annual accounts.
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 11 Nov 2026.