Manufacture of electrical equipment: highest revenue in Wallonia
As of 13 Nov 2026, 36 companies in Manufacture of electrical equipment (NACE 27) in Wallonia publish their revenue in recent accounts (financial years 2023 to 2026). The top 10 account for €2.06bn, out of €2.28bn for all of them; median revenue is €10.5m. ALSTOM Belgium leads with €814.7m (financial year 2026).
Top 36 · Manufacture of electrical 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 | ALSTOM Belgium 6001 Charleroi | €755.8m | €814.7m | €297.4m | 1,668.6 | 2026 |
| 2 | Kabelwerk Eupen AG 4700 Eupen | €231.9m | €392.0m | €100.8m | 803.5 | 2025 |
| 3 | Nexans Benelux 6001 Charleroi | €196.9m | €358.4m | €32.1m | 541.5 | 2025 |
| 4 | Bureau d'Electronique appliquée 4031 Liège | €94.0m | €136.4m | €40.8m | 327.5 | 2026 |
| 5 | Ariston Benelux 5020 Namur | €45.5m | €78.6m | €19.9m | 129.1 | 2025 |
| 6 | Dalcq 6180 Courcelles | €51.3m | €62.9m | €12.1m | 30.5 | 2025 |
| 7 | Automatic Systems 1300 Wavre | €56.2m | €60.3m | €1.64m | 227.3 | 2025 |
| 8 | Newelec 4041 Herstal | €27.2m | €56.8m | €7.80m | 236.1 | 2025 |
| 9 | Inductotherm Coating Equipment 4040 Herstal | €59.1m | €53.3m | €26.5m | 131.5 | 2025 |
| 10 | Opticable 7080 Frameries | €30.2m | €42.1m | €16.4m | 137.2 | 2023 |
| 11 | Grid Solutions Belgium 4800 Verviers | €55.6m | €42.0m | €14.7m | 35.0 | 2025 |
| 12 | Constructions Electroniques + Telecommunications 4020 Liège | €29.9m | €35.4m | €6.13m | 64.6 | 2025 |
| 13 | Stûv 5170 Profondeville | €16.2m | €23.8m | €11.8m | 96.2 | 2025 |
| 14 | Automation-Technique-Industrie 4890 Thimister-Clermont | €14.9m | €18.9m | €3.02m | 123.0 | 2025 |
| 15 | Ateliers Hubert Gerken 4800 Verviers | €27.7m | €18.0m | €15.2m | 58.8 | 2025 |
| 16 | Heinen S.A. 4701 Eupen | €8.35m | €16.9m | €3.51m | 87.1 | 2025 |
| 17 | Etablissements Verhulst 4630 Soumagne | €8.62m | €14.0m | €4.49m | 42.9 | 2025 |
| 18 | Alpha Innovations 1348 Ottignies-Louvain-la-Neuve | €9.57m | €12.1m | €6.01m | 38.2 | 2025 |
| 19 | Babyliss Faco 4020 Liège | €7.74m | €8.79m | €1.89m | 44.1 | 2025 |
| 20 | LuWa 5100 Namur | €224.5m | €8.71m | €2.10m | — | 2025 |
| 21 | CDC-Cabines de Ciney 5590 Ciney | €7.70m | €5.67m | €1.76m | 16.0 | 2025 |
| 22 | S & D Tech 4400 Flémalle | €3.42m | €5.17m | €1.21m | 21.2 | 2025 |
| 23 | Instrumelec-IME 7390 Quaregnon | €2.18m | €3.17m | 368,163 € | 28.3 | 2025 |
| 24 | Howden Maintenance Partners Wallonie 5100 Namur | 734,475 € | €2.23m | 426,225 € | 2.1 | 2025 |
| 25 | Elepower 6041 Charleroi | 752,134 € | €1.77m | 324,782 € | 3.8 | 2025 |
| 26 | Nouvel Adem 1300 Wavre | €1.66m | €1.56m | 440,088 € | 3.3 | 2025 |
| 27 | RS Lift & Techniques 1370 Jodoigne | 681,533 € | 979,628 € | 200,189 € | — | 2025 |
| 28 | Censini 6030 Charleroi | €1.16m | 585,986 € | 951,302 € | — | 2026 |
| 29 | Netolite 6220 Fleurus | 227,719 € | 235,118 € | 162,117 € | — | 2025 |
| 30 | Ciseo 4102 Seraing | 844,116 € | 234,990 € | 617,068 € | — | 2025 |
| 31 | Gari-Eco 4360 Oreye | 41,924 € | 35,286 € | −1,768 € | — | 2025 |
| 32 | H2Mobiwal 4360 Oreye | 16,512 € | 15,600 € | 7,622 € | — | 2025 |
| 33 | Cagnina Francesco 6224 Fleurus | 82,977 € | 6,720 € | 24,577 € | — | 2025 |
| 34 | Les Autos d'Isidore 6596 Momignies | 498,408 € | 4,971 € | 339,561 € | — | 2025 |
| 35 | Vialuce 5004 Namur | 23,212 € | 2,008 € | 7,410 € | — | 2025 |
| 36 | Sandvoice OPS 4430 Ans | 1,510 € | 1,000 € | −121,937 € | — | 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 electrical 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 textiles29
- 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
- 25 Manufacture of fabricated metal products, except machinery and equipment180
- 26 Manufacture of computer, electronic and optical products38
- 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 trade1,360
- 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 activities566
- 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 activities310
- 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 activities579
- 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 activities172
Municipalities with the most companies in the sector · Wallonia
- 1300 Wavre (Limal)8
- 6001 Charleroi (Marcinelle)6
- 6040 Charleroi (Jumet)5
- 1348 Ottignies-Louvain-la-Neuve (Louvain-La-Neuve)4
- 1480 Tubize (Clabecq, Oisquercq, Saintes)4
- 4040 Herstal4
- 1420 Braine-l'Alleud3
- 1435 Mont-Saint-Guibert (Corbais, Hévillers)3
- 1460 Ittre (Virginal-Samme)3
- 4020 Liège (Bressoux, Jupille-Sur-Meuse, Wandre)3
- 4100 Seraing (Boncelles)3
- 4651 Herve (Battice)3
Frequently asked questions
Which company in Manufacture of electrical equipment in Wallonia has the highest revenue?
ALSTOM Belgium, with €814.7m of published revenue (financial year 2026).
Why are some companies missing?
Small companies (micro and abridged accounts) do not have to publish their revenue: only the 36 that publish it, out of 199 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 · Wallonia
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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 13 Nov 2026.