Ranking · Wallonia · NACE 64
Financial service activities, except insurance and pension funding: the largest companies in Wallonia
As of 14 Nov 2026, 3,810 companies in Financial service activities, except insurance and pension funding (NACE 64) in Wallonia publish total assets in recent accounts (financial years 2023 to 2026). The top 10 account for €26.9bn, out of €77.9bn for all of them; median total assets are 885,836 €. Wallonie Entreprendre leads with €5.36bn (financial year 2025).
Top 50 · Financial service activities, except insurance and pension funding · 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 | Wallonie Entreprendre 4000 Liège | €5.36bn | €2.98m | €4.98bn | 178.0 | 2025 |
| 2 | Societe Wallonne du Credit Social 6000 Charleroi | €4.42bn | €78.3m | €227.1m | 135.3 | 2025 |
| 3 | Saint-Gobain Benelux 1300 Wavre | €2.86bn | — | €484.3m | 36.3 | 2025 |
| 4 | Concert' Eau 7520 Tournai | €2.34bn | — | €2.29bn | — | 2026 |
| 5 | Compagnie Nationale A Portefeuille 6280 Gerpinnes | €2.26bn | €4.04m | €2.25bn | 24.1 | 2025 |
| 6 | Baxter World Trade 7860 Lessines | €2.23bn | €8.03m | €1.06bn | 12.0 | 2025 |
| 7 | Frère-Bourgeois Holding 6280 Gerpinnes | €2.22bn | 36,655 € | €2.20bn | 1.4 | 2025 |
| 8 | Caroloregienne de Participations 6280 Gerpinnes | €1.82bn | — | €1.44bn | 0.6 | 2025 |
| 9 | Carmeuse America Holding 1348 Ottignies-Louvain-la-Neuve | €1.77bn | — | €1.66bn | — | 2025 |
| 10 | Cofidis 7501 Tournai | €1.66bn | €35.5m | €858.7m | 433.4 | 2025 |
| 11 | Allejo 6280 Gerpinnes | €1.59bn | 55,050 € | €1.59bn | 0.9 | 2025 |
| 12 | Ganemede Belgium 7503 Tournai | €1.47bn | — | €929.0m | — | 2025 |
| 13 | LNA Holding 1342 Ottignies-Louvain-la-Neuve | €1.21bn | — | €1.21bn | — | 2025 |
| 14 | B.A.D. 21 1380 Lasne | €1.20bn | 884,549 € | €763.7m | — | 2025 |
| 15 | Ceneo 6000 Charleroi | €1.17bn | 954,029 € | €959.6m | — | 2025 |
| 16 | Holcibel 7034 Mons | €1.11bn | 995,439 € | €1.11bn | 4.0 | 2025 |
| 17 | Carfin 1348 Ottignies-Louvain-la-Neuve | €1.06bn | 300 € | €293.6m | 2.0 | 2025 |
| 18 | Socofe 4000 Liège | €908.6m | — | €886.1m | 6.1 | 2025 |
| 19 | Meuse Finco 4000 Liège | €806.6m | 482,549 € | 113,217 € | 2.6 | 2025 |
| 20 | Atenor 1310 La Hulpe | €795.5m | €6.22m | €366.4m | 19.3 | 2025 |
| 21 | Meuse Bidco 4000 Liège | €736.3m | €2.16m | €729.9m | 1.0 | 2025 |
| 22 | Cluedo Bidco 1348 Ottignies-Louvain-la-Neuve | €706.6m | — | €701.2m | — | 2025 |
| 23 | RESA Holding 4000 Liège | €699.9m | — | €656.3m | 2.1 | 2025 |
| 24 | FN Browning Group 4040 Herstal | €689.0m | €18.3m | €501.3m | 29.3 | 2025 |
| 25 | NLMK Belgium Holdings 7100 La Louvière | €688.7m | €31.6m | €318.9m | 72.3 | 2025 |
| 26 | Meuse Midco 4000 Liège | €656.4m | — | €656.2m | — | 2025 |
| 27 | Allin1 4000 Liège | €652.7m | — | €652.7m | — | 2025 |
| 28 | Green CCGT Holding 4020 Liège | €642.4m | — | −€5.18m | — | 2025 |
| 29 | Noshaq 4000 Liège | €582.8m | €8.99m | €212.1m | 61.0 | 2025 |
| 30 | Le Travailleur chez Lui 4000 Liège | €564.5m | €12.4m | €39.5m | 16.0 | 2025 |
| 31 | Amcotec 4700 Eupen | €553.5m | 4,512 € | €549.4m | 2.0 | 2024 |
| 32 | Greenland 7522 Tournai | €539.0m | — | €486.0m | — | 2025 |
| 33 | Financière de la Sambre 6280 Gerpinnes | €489.4m | — | €476.6m | 4.0 | 2025 |
| 34 | "LDz Compagnie franco-belge de distribution" en abrégé "LDz" en français et "LDz frans-belgische detailhandel maatschappij" en abrégé "LDz" en néerlandais 7181 Seneffe | €464.8m | €2.39m | €372.2m | 5.4 | 2025 |
| 35 | Financière L.M. 7370 Dour | €447.0m | 240,000 € | €395.6m | 1.6 | 2025 |
| 36 | Credissimo 4000 Liège | €422.2m | €9.84m | €25.4m | 11.2 | 2025 |
| 37 | Intercommunale pure d'électricité et de gaz 5000 Namur | €391.1m | — | €329.5m | — | 2025 |
| 38 | BETA 4700 Eupen | €385.2m | — | €382.4m | — | 2025 |
| 39 | Medi-Market Group 1380 Lasne | €351.9m | €33.7m | €37.6m | 133.7 | 2025 |
| 40 | Immobiliere Europeenne des Mousquetaires Belgique 1348 Ottignies-Louvain-la-Neuve | €332.2m | — | €71.2m | — | 2023 |
| 41 | Elantis 4000 Liège | €324.5m | €24.9m | €20.8m | 52.5 | 2025 |
| 42 | Transcor Astra Group 6280 Gerpinnes | €321.0m | — | €320.9m | — | 2025 |
| 43 | Eneco Wind Belgium Holding 1300 Wavre | €316.6m | — | €316.3m | — | 2025 |
| 44 | CAPNOR II MidCo 1380 Lasne | €302.8m | — | €302.8m | — | 2025 |
| 45 | Alicantes Investissement 7520 Tournai | €281.5m | — | €266.5m | — | 2025 |
| 46 | FJCB 7181 Seneffe | €263.3m | — | €253.9m | — | 2025 |
| 47 | Carbon Group 6000 Charleroi | €258.6m | €3.72m | €32.7m | 19.9 | 2025 |
| 48 | Manon Holding 7500 Tournai | €251.6m | — | €225.2m | — | 2025 |
| 49 | EthiasCo 4000 Liège | €247.0m | 2,642 € | €242.8m | — | 2025 |
| 50 | G & G Holding 4340 Awans | €245.6m | €6.11m | €17.4m | 32.4 | 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.
Financial service activities, except insurance and pension funding 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 products1,478
- 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 media532
- 20 Manufacture of chemicals and chemical products239
- 21 Manufacture of basic pharmaceutical products and pharmaceutical preparations179
- 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
- 27 Manufacture of electrical equipment185
- 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 furniture278
- 32 Other manufacturing409
- 33 Repair, maintenance and installation of machinery and equipment654
- 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 buildings4,193
- 42 Civil engineering477
- 43 Specialised construction activities12,039
- 46 Wholesale trade8,104
- 47 Retail trade12,950
- 49 Land transport and transport via pipelines1,819
- 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 activities6,704
- 58 Publishing activities410
- 59 Motion picture, video and television programme production, sound recording and music publishing activities595
- 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
- 65 Insurance, reinsurance and pension funding, except compulsory social security111
- 66 Activities auxiliary to financial services and insurance activities2,334
- 68 Real estate activities12,723
- 69 Legal and accounting activities5,344
- 70 Activities of head offices and management consultancy12,300
- 71 Architectural and engineering activities; technical testing and analysis3,981
- 72 Scientific research and development396
- 73 Activities of advertising, market research and public relations2,471
- 74 Other professional, scientific and technical activities1,209
- 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 Education1,500
- 86 Human health activities14,912
- 87 Residential care activities736
- 88 Social work activities without accommodation561
- 90 Arts creation and performing arts activities659
- 91 Libraries, archives, museums and other cultural activities86
- 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 motorcycles1,290
- 96 Personal service activities1,967
Municipalities with the most companies in the sector · Wallonia
- 4000 Liège (Glain, Rocourt)125
- 1380 Lasne (Couture-Saint-Germain, Lasne-Chapelle-Saint-Lambert, Maransart, …)111
- 1410 Waterloo100
- 7500 Tournai (Ere, Saint-Maur)73
- 7700 Mouscron (Luingne)73
- 7520 Tournai (Ramegnies-Chin, Templeuve)69
- 1300 Wavre (Limal)57
- 4020 Liège (Bressoux, Jupille-Sur-Meuse, Wandre)49
- 4800 Verviers (Ensival, Lambermont, Petit-Rechain, …)45
- 5100 Namur (Dave, Jambes, Naninne, …)45
- 1348 Ottignies-Louvain-la-Neuve (Louvain-La-Neuve)43
- 1310 La Hulpe39
Frequently asked questions
Which is the largest company in Financial service activities, except insurance and pension funding in Wallonia?
By total assets, it is Wallonie Entreprendre (€5.36bn, financial year 2025).
How many companies in Financial service activities, except insurance and pension funding in Wallonia are ranked?
3,810 out of 3,886 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.