Ranking · Wallonia · NACE 70
Activities of head offices and management consultancy: highest revenue in Wallonia
As of 14 Nov 2026, 642 companies in Activities of head offices and management consultancy (NACE 70) in Wallonia publish their revenue in recent accounts (financial years 2023 to 2026). The top 10 account for €417.5m, out of €799.4m for all of them; median revenue is 145,381 €. HQ1 leads with €112.4m (financial year 2025).
Top 50 · Activities of head offices and management consultancy · Wallonia
Ranked by revenue published in the latest filed accounts (accounts less than 3 years old).
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | HQ1 4000 Liège | €481.7m | €112.4m | −€98.8m | 354.7 | 2025 |
| 2 | Carmeuse Coordination Center 1348 Ottignies-Louvain-la-Neuve | €58.6m | €83.1m | €3.75m | 38.8 | 2025 |
| 3 | Newpharma Group 4020 Liège | €109.2m | €60.9m | €86.8m | 100.9 | 2026 |
| 4 | Industrial Consulting Automation Research Engineering 7000 Mons | €58.2m | €49.2m | €18.1m | 332.5 | 2024 |
| 5 | Stantec 1310 La Hulpe | €21.6m | €26.3m | €8.28m | 66.1 | 2025 |
| 6 | ABB Installation Products European Centre 7110 La Louvière | €12.2m | €21.0m | €5.67m | 65.3 | 2025 |
| 7 | Globalization Partners Belgium 6041 Charleroi | €4.85m | €17.9m | €1.56m | 80.8 | 2025 |
| 8 | PORR Government Services Benelux 1370 Jodoigne | €16.8m | €17.8m | €10.4m | 36.4 | 2025 |
| 9 | M.G. Finances 1440 Braine-le-Château | €65.7m | €16.0m | €24.7m | 50.3 | 2023 |
| 10 | Banqup Group 1310 La Hulpe | €328.9m | €12.9m | €252.8m | 21.8 | 2025 |
| 11 | Prova 5100 Namur | €61.8m | €12.5m | €49.0m | 48.1 | 2025 |
| 12 | Thomas & Piron Holding 6852 Paliseul | €574.6m | €12.0m | €156.6m | 39.1 | 2025 |
| 13 | EASI Group 1400 Nivelles | €35.4m | €11.0m | €11.7m | 64.3 | 2025 |
| 14 | Infiso 4650 Herve | €79.6m | €10.1m | €72.5m | — | 2025 |
| 15 | E.B.A 4140 Sprimont | €13.0m | €10.1m | 836,848 € | 32.4 | 2025 |
| 16 | BBK Expansion 5020 Namur | €2.61m | €9.52m | −€1.93m | 43.6 | 2023 |
| 17 | Cabot Performance Materials Belgium 4860 Pepinster | €4.90m | €8.23m | €3.36m | 27.0 | 2025 |
| 18 | Interogo Services 1410 Waterloo | €3.34m | €7.83m | 427,371 € | 17.4 | 2025 |
| 19 | XLG&Co 5020 Namur | €102.2m | €7.75m | €84.6m | — | 2025 |
| 20 | Groupe Autosecurite 4800 Verviers | €81.1m | €7.54m | €15.8m | 53.2 | 2025 |
| 21 | EMIL FREY Belgique SA 4340 Awans | €101.3m | €6.68m | €27.8m | 34.6 | 2025 |
| 22 | Laral 1402 Nivelles | €7.68m | €6.45m | €6.13m | 53.8 | 2026 |
| 23 | European Business Operations & Services 7700 Mouscron | €5.82m | €6.31m | 327,824 € | 64.0 | 2025 |
| 24 | Aide à la Décision Economique 1348 Ottignies-Louvain-la-Neuve | €4.52m | €5.82m | €1.24m | 21.6 | 2025 |
| 25 | UTVA "Sport et Bio" 7130 Binche | €6.98m | €5.80m | €5.67m | 220.6 | 2023 |
| 26 | Arewal 5300 Andenne | €5.67m | €5.63m | 31,800 € | 7.7 | 2025 |
| 27 | Stone Service Center 7060 Soignies | €124.2m | €5.58m | €85.2m | 22.6 | 2025 |
| 28 | Imerys Belgium 4600 Visé | €3.10m | €5.24m | €1.61m | 11.4 | 2025 |
| 29 | EQSO 7080 Frameries | €11.2m | €5.11m | 873,151 € | 30.1 | 2025 |
| 30 | Numeris 4400 Flémalle | €11.9m | €4.41m | €10.1m | 10.5 | 2025 |
| 31 | CXC Global Belgium 6041 Charleroi | €1.11m | €4.33m | −26,393 € | — | 2025 |
| 32 | Groupe Jean Nonet 5190 Jemeppe-sur-Sambre | €25.1m | €4.15m | €3.58m | 23.3 | 2025 |
| 33 | Beside Tax Shelter 1420 Braine-l'Alleud | €8.68m | €3.90m | €4.67m | 8.1 | 2025 |
| 34 | Gehlen Management 4960 Malmedy | €26.6m | €3.46m | €11.1m | 9.3 | 2025 |
| 35 | Taxshelter.BE 4020 Liège | €6.60m | €3.40m | €2.14m | 10.7 | 2025 |
| 36 | Bimex Belgium 4218 Héron | €1.53m | €3.32m | 167,058 € | 3.5 | 2025 |
| 37 | Nostrum Services 5100 Namur | €3.22m | €3.28m | 121,785 € | 2.0 | 2025 |
| 38 | SI-HBeL 4041 Herstal | €40.6m | €3.21m | €20.8m | 7.2 | 2025 |
| 39 | Alineas Services 4031 Liège | 526,374 € | €3.16m | 311,792 € | 8.6 | 2025 |
| 40 | S.A.D. Management 1401 Nivelles | €5.63m | €3.14m | €2.93m | 10.5 | 2025 |
| 41 | Centre Provincial Liégeois de Promotion et de Gestion en Agriculture 4300 Waremme | €1.61m | €3.12m | 895,913 € | 9.7 | 2025 |
| 42 | Blacksheep Tribes Holding 5030 Gembloux | €14.4m | €2.97m | 950,225 € | 13.8 | 2025 |
| 43 | AB Holding 5590 Ciney | €19.3m | €2.97m | €9.93m | 25.5 | 2023 |
| 44 | Gerefis 1331 Rixensart | €443.8m | €2.95m | €439.8m | 1.6 | 2025 |
| 45 | Société de Gestion Industrielle 7000 Mons | €24.9m | €2.80m | €23.6m | 6.4 | 2025 |
| 46 | Lokarea Wavre 1300 Wavre | €2.27m | €2.74m | 122,174 € | — | 2025 |
| 47 | Waffle Factory Development 7522 Tournai | €2.62m | €2.60m | 837,478 € | 17.6 | 2025 |
| 48 | CAR Avenue Belgique 7060 Soignies | €53.1m | €2.54m | €5.77m | — | 2025 |
| 49 | Olinessa Management 1300 Wavre | €27.0m | €2.46m | €22.4m | 6.0 | 2025 |
| 50 | TF Invest 4041 Herstal | €46.5m | €2.42m | €30.9m | — | 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.
Activities of head offices and management consultancy 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
- 25 Manufacture of fabricated metal products, except machinery and equipment180
- 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
- 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
- 1380 Lasne (Couture-Saint-Germain, Lasne-Chapelle-Saint-Lambert, Maransart, …)466
- 1410 Waterloo451
- 4000 Liège (Glain, Rocourt)374
- 1300 Wavre (Limal)278
- 1420 Braine-l'Alleud221
- 1390 Grez-Doiceau (Archennes, Biez, Bossut-Gottechain, …)209
- 1325 Chaumont-Gistoux (Bonlez, Corroy-Le-Grand, Dion-Valmont, …)196
- 1330 Rixensart172
- 1400 Nivelles (Monstreux)158
- 1310 La Hulpe136
- 5100 Namur (Dave, Jambes, Naninne, …)136
- 4020 Liège (Bressoux, Jupille-Sur-Meuse, Wandre)125
Frequently asked questions
Which company in Activities of head offices and management consultancy in Wallonia has the highest revenue?
HQ1, with €112.4m 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 642 that publish it, out of 12,445 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.