Ranking · Wallonia · NACE 27
Manufacture of electrical equipment: the largest companies in Wallonia
As of 13 Nov 2026, 185 companies in Manufacture of electrical equipment (NACE 27) in Wallonia publish total assets in recent accounts (financial years 2023 to 2026). The top 10 account for €1.77bn, out of €2.10bn for all of them; median total assets are 576,636 €. ALSTOM Belgium leads with €755.8m (financial year 2026).
Top 50 · Manufacture of electrical equipment · Wallonia
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 | 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 | LuWa 5100 Namur | €224.5m | €8.71m | €2.10m | — | 2025 |
| 4 | Nexans Benelux 6001 Charleroi | €196.9m | €358.4m | €32.1m | 541.5 | 2025 |
| 5 | Bureau d'Electronique appliquée 4031 Liège | €94.0m | €136.4m | €40.8m | 327.5 | 2026 |
| 6 | Inductotherm Coating Equipment 4040 Herstal | €59.1m | €53.3m | €26.5m | 131.5 | 2025 |
| 7 | Automatic Systems 1300 Wavre | €56.2m | €60.3m | €1.64m | 227.3 | 2025 |
| 8 | Grid Solutions Belgium 4800 Verviers | €55.6m | €42.0m | €14.7m | 35.0 | 2025 |
| 9 | Dalcq 6180 Courcelles | €51.3m | €62.9m | €12.1m | 30.5 | 2025 |
| 10 | Ariston Benelux 5020 Namur | €45.5m | €78.6m | €19.9m | 129.1 | 2025 |
| 11 | Opticable 7080 Frameries | €30.2m | €42.1m | €16.4m | 137.2 | 2023 |
| 12 | Constructions Electroniques + Telecommunications 4020 Liège | €29.9m | €35.4m | €6.13m | 64.6 | 2025 |
| 13 | Ateliers Hubert Gerken 4800 Verviers | €27.7m | €18.0m | €15.2m | 58.8 | 2025 |
| 14 | Newelec 4041 Herstal | €27.2m | €56.8m | €7.80m | 236.1 | 2025 |
| 15 | Stûv 5170 Profondeville | €16.2m | €23.8m | €11.8m | 96.2 | 2025 |
| 16 | Automation-Technique-Industrie 4890 Thimister-Clermont | €14.9m | €18.9m | €3.02m | 123.0 | 2025 |
| 17 | Alpha Innovations 1348 Ottignies-Louvain-la-Neuve | €9.57m | €12.1m | €6.01m | 38.2 | 2025 |
| 18 | Etablissements Verhulst 4630 Soumagne | €8.62m | €14.0m | €4.49m | 42.9 | 2025 |
| 19 | Heinen S.A. 4701 Eupen | €8.35m | €16.9m | €3.51m | 87.1 | 2025 |
| 20 | Babyliss Faco 4020 Liège | €7.74m | €8.79m | €1.89m | 44.1 | 2025 |
| 21 | CDC-Cabines de Ciney 5590 Ciney | €7.70m | €5.67m | €1.76m | 16.0 | 2025 |
| 22 | Tornatech Europe 1435 Mont-Saint-Guibert | €7.33m | — | €3.33m | 26.4 | 2025 |
| 23 | Belgo Tech 4530 Villers-le-Bouillet | €6.65m | — | €2.09m | 36.0 | 2026 |
| 24 | P³lab 1341 Ottignies-Louvain-la-Neuve | €6.38m | — | 978,554 € | 10.2 | 2025 |
| 25 | IEM Power Systems 4651 Herve | €6.29m | — | €1.32m | 13.3 | 2025 |
| 26 | Color Design 7860 Lessines | €6.20m | — | €2.55m | 15.7 | 2025 |
| 27 | UPM Bruxelles 1480 Tubize | €5.57m | — | 919,527 € | 17.9 | 2025 |
| 28 | Drytec 4141 Sprimont | €3.67m | — | €2.98m | 13.0 | 2025 |
| 29 | Schneider Electric Energy Belgium 4821 Dison | €3.67m | — | €3.41m | — | 2024 |
| 30 | Rutten - New Energy System 4040 Herstal | €3.53m | — | €2.27m | 1.1 | 2025 |
| 31 | S & D Tech 4400 Flémalle | €3.42m | €5.17m | €1.21m | 21.2 | 2025 |
| 32 | Jules Forget C.E.A. 6761 Virton | €2.63m | — | €1.08m | 12.6 | 2025 |
| 33 | Lightec-Alu 5350 Ohey | €2.43m | — | €1.13m | 0.7 | 2025 |
| 34 | Identification Design Signs Products 7170 Manage | €2.41m | — | €2.07m | 10.0 | 2025 |
| 35 | Neon Alex 5022 Namur | €2.34m | — | 530,271 € | 8.2 | 2025 |
| 36 | Azimut Energy 4557 Tinlot | €2.23m | — | 754,505 € | 7.4 | 2025 |
| 37 | Delta Production 7120 Estinnes | €2.23m | — | −43,998 € | — | 2025 |
| 38 | Instrumelec-IME 7390 Quaregnon | €2.18m | €3.17m | 368,163 € | 28.3 | 2025 |
| 39 | Etnobel 1300 Wavre | €1.80m | — | €1.49m | 2.5 | 2026 |
| 40 | Industrielle de l'Electricite 7140 Morlanwelz | €1.74m | — | −187,063 € | — | 2025 |
| 41 | Vangeel Electrical 6001 Charleroi | €1.70m | — | 311,801 € | 16.6 | 2025 |
| 42 | Hydro Electrique et Mecanique 6001 Charleroi | €1.67m | — | €1.39m | — | 2025 |
| 43 | Nouvel Adem 1300 Wavre | €1.66m | €1.56m | 440,088 € | 3.3 | 2025 |
| 44 | Lempereur JC 4831 Limbourg | €1.60m | — | €1.23m | — | 2025 |
| 45 | Prodetics 1460 Ittre | €1.59m | — | 892,350 € | 5.9 | 2025 |
| 46 | A.M.U. Robotic SPRL 4900 Spa | €1.57m | — | 754,453 € | 5.5 | 2025 |
| 47 | Balteau Non Destructive Testing 4681 Oupeye | €1.51m | — | 578,576 € | 14.8 | 2025 |
| 48 | Lumiform Signs Europe 1460 Ittre | €1.49m | — | 487,319 € | 2.0 | 2025 |
| 49 | KST Lighting 4020 Liège | €1.49m | — | 225,302 € | 6.2 | 2025 |
| 50 | Hind Rabii 4801 Verviers | €1.37m | — | 360,139 € | 2.4 | 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.
Manufacture of electrical equipment across Belgium → All sectors · Wallonia →
Other sectors · Wallonia
- 01 Crop and animal production, hunting and related service activities2,551
- 02 Forestry and logging541
- 03 Fishing and aquaculture31
- 08 Other mining and quarrying121
- 09 Mining support service activities17
- 10 Manufacture of food products1,476
- 11 Manufacture of beverages275
- 13 Manufacture of textiles155
- 14 Manufacture of wearing apparel101
- 15 Manufacture of leather and related products of other materials18
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials442
- 17 Manufacture of paper and paper products57
- 18 Printing and reproduction of recorded media531
- 20 Manufacture of chemicals and chemical products240
- 21 Manufacture of basic pharmaceutical products and pharmaceutical preparations178
- 22 Manufacture of rubber and plastic products196
- 23 Manufacture of other non-metallic mineral products441
- 24 Manufacture of basic metals140
- 25 Manufacture of fabricated metal products, except machinery and equipment1,528
- 26 Manufacture of computer, electronic and optical products210
- 28 Manufacture of machinery and equipment n.e.c.379
- 29 Manufacture of motor vehicles, trailers and semi-trailers114
- 30 Manufacture of other transport equipment56
- 31 Manufacture of furniture279
- 32 Other manufacturing409
- 33 Repair, maintenance and installation of machinery and equipment653
- 35 Electricity, gas, steam and air conditioning supply276
- 36 Water collection, treatment and supply19
- 37 Sewerage67
- 38 Waste collection, recovery and disposal activities297
- 39 Remediation activities and other waste management service activities29
- 41 Construction of residential and non-residential buildings4,194
- 42 Civil engineering477
- 43 Specialised construction activities12,037
- 46 Wholesale trade8,105
- 47 Retail trade12,956
- 49 Land transport and transport via pipelines1,820
- 50 Water transport41
- 51 Air transport53
- 52 Warehousing, storage and support activities for transportation567
- 53 Postal and courier activities126
- 55 Accommodation1,322
- 56 Food and beverage service activities6,705
- 58 Publishing activities410
- 59 Motion picture, video and television programme production, sound recording and music publishing activities596
- 60 Programming, broadcasting, news agency and other content distribution activities69
- 61 Telecommunication130
- 62 Computer programming, consultancy and related activities5,398
- 63 Computing infrastructure, data processing, hosting and other information service activities468
- 64 Financial service activities, except insurance and pension funding3,809
- 65 Insurance, reinsurance and pension funding, except compulsory social security111
- 66 Activities auxiliary to financial services and insurance activities2,333
- 68 Real estate activities12,716
- 69 Legal and accounting activities5,344
- 70 Activities of head offices and management consultancy12,305
- 71 Architectural and engineering activities; technical testing and analysis3,982
- 72 Scientific research and development396
- 73 Activities of advertising, market research and public relations2,472
- 74 Other professional, scientific and technical activities1,210
- 75 Veterinary activities727
- 77 Rental and leasing activities793
- 78 Employment activities299
- 79 Travel agency, tour operator and other reservation service and related activities262
- 80 Investigation and security activities133
- 81 Services to buildings and landscape activities1,907
- 82 Office administrative, office support and other business support activities2,358
- 84 Public administration and defence; compulsory social security39
- 85 Education1,498
- 86 Human health activities14,911
- 87 Residential care activities736
- 88 Social work activities without accommodation561
- 90 Arts creation and performing arts activities659
- 91 Libraries, archives, museums and other cultural activities85
- 92 Gambling and betting activities46
- 93 Sports activities and amusement and recreation activities1,303
- 94 Activities of membership organisations326
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles1,291
- 96 Personal service activities1,967
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 is the largest company in Manufacture of electrical equipment in Wallonia?
By total assets, it is ALSTOM Belgium (€755.8m, financial year 2026).
How many companies in Manufacture of electrical equipment in Wallonia are ranked?
185 out of 199 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 13 Nov 2026.