Ranking · Wallonia · NACE 25
Manufacture of fabricated metal products, except machinery and equipment: highest revenue in Wallonia
As of 14 Nov 2026, 180 companies in Manufacture of fabricated metal products, except machinery and equipment (NACE 25) in Wallonia publish their revenue in recent accounts (financial years 2023 to 2026). The top 10 account for €1.75bn, out of €2.97bn for all of them; median revenue is €3.52m. Thales Belgium leads with €436.9m (financial year 2025).
Top 50 · Manufacture of fabricated metal products, except machinery and equipment · Wallonia
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 | Verdon 6180 Courcelles | €79.9m | €116.5m | €24.8m | 146.0 | 2025 |
| 6 | BROWNING International 4040 Herstal | €87.9m | €96.0m | €59.6m | 118.0 | 2025 |
| 7 | Marchand de Fer Delrue 7712 Mouscron | €39.9m | €94.2m | €29.9m | 48.0 | 2025 |
| 8 | Société Européenne de Galvanisation 4400 Flémalle | €37.9m | €76.8m | €13.8m | 139.0 | 2026 |
| 9 | Construction Metallique Mahieu 7780 Comines-Warneton | €26.4m | €73.9m | €6.66m | 110.2 | 2025 |
| 10 | EPCO 7522 Tournai | €112.7m | €48.1m | €56.7m | 56.4 | 2025 |
| 11 | Vigan Engineering 1400 Nivelles | €49.4m | €44.9m | €4.44m | 33.9 | 2025 |
| 12 | Armstrong International 4040 Herstal | €50.7m | €36.5m | €25.0m | 89.3 | 2026 |
| 13 | Groupe Atlantic Manufacturing Belgium 7180 Seneffe | €33.1m | €35.4m | −€18.7m | 129.2 | 2025 |
| 14 | KNDS Belgium 7181 Seneffe | €173.7m | €34.9m | €4.77m | 246.2 | 2025 |
| 15 | T.R.H. Liège 4020 Liège | €23.9m | €29.4m | €8.20m | 32.2 | 2025 |
| 16 | Metallic Bridges of Belgium 4560 Clavier | €15.1m | €28.4m | €2.36m | 53.8 | 2025 |
| 17 | Techno Metal Industrie 5300 Andenne | €17.1m | €28.0m | €8.73m | 74.8 | 2025 |
| 18 | Lampre Benelux 4000 Liège | €21.3m | €26.8m | €11.4m | 28.1 | 2025 |
| 19 | Shur-Lok International 4800 Verviers | €19.0m | €26.4m | €8.58m | 96.0 | 2025 |
| 20 | Key Door Components 7900 Leuze-en-Hainaut | €15.0m | €25.7m | €3.59m | 72.5 | 2025 |
| 21 | ArcelorMittal Building Solutions Belgium 6220 Fleurus | €14.1m | €24.6m | −€10.3m | 60.3 | 2025 |
| 22 | Connecton Fasteners 4141 Sprimont | €15.1m | €24.3m | €10.7m | 60.1 | 2025 |
| 23 | Euro - Locks S.A. 6600 Bastogne | €16.2m | €23.4m | €6.15m | 184.3 | 2025 |
| 24 | Etablissements Gaume 6061 Charleroi | €17.3m | €22.8m | €10.5m | 148.6 | 2025 |
| 25 | Nedzink 1348 Ottignies-Louvain-la-Neuve | €4.32m | €22.0m | €2.21m | 12.9 | 2025 |
| 26 | Metubel 7110 La Louvière | €13.1m | €21.6m | €5.17m | 155.9 | 2025 |
| 27 | Sparx Industries 4000 Liège | €8.02m | €19.7m | 178,313 € | 59.0 | 2024 |
| 28 | Karl HUGO 4770 Amel | €20.4m | €19.3m | €16.0m | 49.5 | 2025 |
| 29 | Lumilux 6880 Bertrix | €17.8m | €19.1m | €4.39m | 80.8 | 2025 |
| 30 | D.L.D.B. 5020 Namur | €7.51m | €18.5m | €5.74m | 53.5 | 2025 |
| 31 | Etablissements Edgard RAMAEKERS 6464 Chimay | €9.42m | €18.3m | €7.15m | 39.2 | 2024 |
| 32 | Comines Steel 7780 Comines-Warneton | €10.9m | €18.3m | €5.08m | 16.5 | 2025 |
| 33 | Capaul 4700 Eupen | €18.2m | €18.1m | €9.81m | 94.9 | 2025 |
| 34 | Parduyns 7900 Leuze-en-Hainaut | €8.05m | €18.0m | €4.24m | 64.0 | 2025 |
| 35 | Soprofen Belgium 6200 Châtelet | €7.65m | €17.1m | €3.73m | 67.3 | 2025 |
| 36 | Alumatic 6240 Farciennes | €10.3m | €16.9m | €3.87m | 61.6 | 2026 |
| 37 | John Cockerill Services Hainaut 7170 Manage | €4.92m | €16.3m | −189,823 € | 141.9 | 2025 |
| 38 | Eternum 5030 Gembloux | €15.1m | €16.2m | €9.67m | 20.4 | 2025 |
| 39 | Fabrications Metalliques du Condroz 4590 Ouffet | €5.28m | €15.4m | €2.85m | 18.0 | 2025 |
| 40 | ATS Rauw 4760 Büllingen | €8.01m | €14.9m | €4.08m | 33.5 | 2025 |
| 41 | EMZ Werke Manderfeld 4760 Büllingen | €26.8m | €14.5m | €13.5m | 40.8 | 2025 |
| 42 | Luckx 1480 Tubize | €14.2m | €14.2m | €1.05m | 52.6 | 2024 |
| 43 | Vanhulen High Precision Springs 4041 Herstal | €10.2m | €13.6m | €6.71m | 67.2 | 2026 |
| 44 | New Laser 4780 Sankt Vith | €9.47m | €13.4m | €5.01m | 32.7 | 2026 |
| 45 | TKM Industries 4020 Liège | €14.3m | €13.3m | €3.44m | 56.0 | 2025 |
| 46 | Albo.Product 4041 Herstal | €9.55m | €13.2m | €2.58m | 42.3 | 2025 |
| 47 | Dedecker Precision Mechanics 7700 Mouscron | €15.5m | €13.0m | €3.80m | 79.0 | 2025 |
| 48 | Degotte 4040 Herstal | €30.1m | €13.0m | €5.73m | 30.0 | 2025 |
| 49 | Metal Deploye Belge 4000 Liège | €11.4m | €12.8m | €8.76m | 27.7 | 2025 |
| 50 | HEINEN Doors Belgium 4950 Waimes | €23.2m | €12.8m | €7.96m | 42.2 | 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 · Wallonia →
Other sectors · Wallonia
- 01 Crop and animal production, hunting and related service activities240
- 02 Forestry and logging49
- 08 Other mining and quarrying37
- 10 Manufacture of food products214
- 11 Manufacture of beverages37
- 13 Manufacture of textiles28
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials61
- 17 Manufacture of paper and paper products15
- 18 Printing and reproduction of recorded media47
- 20 Manufacture of chemicals and chemical products80
- 21 Manufacture of basic pharmaceutical products and pharmaceutical preparations46
- 22 Manufacture of rubber and plastic products42
- 23 Manufacture of other non-metallic mineral products86
- 24 Manufacture of basic metals43
- 26 Manufacture of computer, electronic and optical products38
- 27 Manufacture of electrical equipment36
- 28 Manufacture of machinery and equipment n.e.c.71
- 29 Manufacture of motor vehicles, trailers and semi-trailers16
- 30 Manufacture of other transport equipment13
- 31 Manufacture of furniture26
- 32 Other manufacturing39
- 33 Repair, maintenance and installation of machinery and equipment53
- 35 Electricity, gas, steam and air conditioning supply64
- 37 Sewerage13
- 38 Waste collection, recovery and disposal activities64
- 41 Construction of residential and non-residential buildings401
- 42 Civil engineering77
- 43 Specialised construction activities959
- 46 Wholesale trade927
- 47 Retail trade1,359
- 49 Land transport and transport via pipelines246
- 52 Warehousing, storage and support activities for transportation104
- 53 Postal and courier activities19
- 55 Accommodation117
- 56 Food and beverage service activities565
- 58 Publishing activities38
- 59 Motion picture, video and television programme production, sound recording and music publishing activities53
- 61 Telecommunication18
- 62 Computer programming, consultancy and related activities309
- 63 Computing infrastructure, data processing, hosting and other information service activities31
- 64 Financial service activities, except insurance and pension funding321
- 66 Activities auxiliary to financial services and insurance activities127
- 68 Real estate activities852
- 69 Legal and accounting activities276
- 70 Activities of head offices and management consultancy642
- 71 Architectural and engineering activities; technical testing and analysis267
- 72 Scientific research and development36
- 73 Activities of advertising, market research and public relations111
- 74 Other professional, scientific and technical activities57
- 75 Veterinary activities39
- 77 Rental and leasing activities59
- 78 Employment activities39
- 79 Travel agency, tour operator and other reservation service and related activities32
- 80 Investigation and security activities15
- 81 Services to buildings and landscape activities144
- 82 Office administrative, office support and other business support activities180
- 84 Public administration and defence; compulsory social security13
- 85 Education314
- 86 Human health activities580
- 87 Residential care activities201
- 88 Social work activities without accommodation174
- 90 Arts creation and performing arts activities95
- 91 Libraries, archives, museums and other cultural activities20
- 92 Gambling and betting activities12
- 93 Sports activities and amusement and recreation activities118
- 94 Activities of membership organisations100
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles130
- 96 Personal service activities171
Municipalities with the most companies in the sector · Wallonia
- 4040 Herstal43
- 4000 Liège (Glain, Rocourt)34
- 1480 Tubize (Clabecq, Oisquercq, Saintes)26
- 4100 Seraing (Boncelles)24
- 6220 Fleurus (Heppignies, Lambusart, Wangenies)23
- 7700 Mouscron (Luingne)22
- 1300 Wavre (Limal)20
- 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
- 6040 Charleroi (Jumet)18
Frequently asked questions
Which company in Manufacture of fabricated metal products, except machinery and equipment in Wallonia 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 180 that publish it, out of 1,609 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.
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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.