Real estate activities: the largest employers in West Flanders
As of 14 Nov 2026, 696 companies in Real estate activities (NACE 68) in West Flanders report employees in recent accounts (financial years 2023 to 2026). The 10 largest employers account for 639.8 FTE, out of 2,675.8 for all of them; median headcount is 1.4 FTE. Matexi Projects leads with 113.3 FTE (financial year 2025).
Top 50 · Real estate activities · West Flanders
Ranked by average headcount (FTE) reported in the latest filed accounts (accounts less than 3 years old).
| # | Company | Total assets | Revenue | Equity | FTE | Year |
|---|---|---|---|---|---|---|
| 1 | Matexi Projects 8790 Waregem | €243.0m | €196.8m | €49.4m | 113.3 | 2025 |
| 2 | Thuiswest 8800 Roeselare | €603.0m | €40.8m | €148.4m | 90.9 | 2025 |
| 3 | Maatschappij TOT Exploitatie van Immobilien 8790 Waregem | €1.11bn | €28.3m | €327.2m | 83.8 | 2025 |
| 4 | Vivendo 8000 Bruges | €605.9m | €44.9m | €120.0m | 75.1 | 2025 |
| 5 | Konvert Service 8500 Kortrijk | €66.9m | — | €62.3m | 60.7 | 2025 |
| 6 | SW+ 8500 Kortrijk | €401.7m | €24.2m | €67.0m | 56.5 | 2025 |
| 7 | Net’antwerk 8900 Ypres | €2.62m | — | €2.40m | 49.3 | 2025 |
| 8 | Demuver 8740 Pittem | €1.39m | — | 529,212 € | 38.5 | 2025 |
| 9 | Delbor 8540 Deerlijk | 719,767 € | — | 108,559 € | 36.9 | 2026 |
| 10 | Woonmaatschappij VIVUS 8530 Harelbeke | €304.0m | €19.5m | €63.8m | 34.8 | 2025 |
| 11 | Immo VDK 8530 Harelbeke | €22.8m | €3.34m | €5.30m | 34.0 | 2025 |
| 12 | !Mpuls Menen-Wervik 8930 Menen | €213.9m | €13.2m | €62.4m | 33.4 | 2025 |
| 13 | ERA Servimo Westkust 8670 Koksijde | €3.86m | — | €1.10m | 33.1 | 2025 |
| 14 | Woonmaatschappij Ijzer en Zee 8630 Veurne | €182.3m | €18.0m | €39.0m | 30.6 | 2025 |
| 15 | Dewaele Vastgoeddiensten 8870 Izegem | €17.7m | — | €14.5m | 30.5 | 2025 |
| 16 | Residentie 8460 Oudenburg | €20.8m | €12.9m | €4.24m | 26.9 | 2025 |
| 17 | WM Elan 8550 Zwevegem | €179.4m | €11.0m | €40.3m | 26.8 | 2025 |
| 18 | De Syndic 8000 Bruges | 351,607 € | — | 96,939 € | 26.7 | 2025 |
| 19 | Dewaele Real Estate 8870 Izegem | €2.89m | — | 544,452 € | 26.2 | 2025 |
| 20 | Zetus 8370 Blankenberge | €136.5m | — | €10.5m | 25.9 | 2025 |
| 21 | Dermul Vastgoed en Beheer 8400 Ostend | €1.78m | — | 312,852 € | 24.7 | 2025 |
| 22 | Ons Onderdak 8900 Ypres | €136.8m | €11.5m | €34.7m | 23.3 | 2025 |
| 23 | Agence Sissau 8430 Middelkerke | €6.24m | — | €1.79m | 22.8 | 2025 |
| 24 | Hectaar 8800 Roeselare | €38.5m | €47.1m | €25.6m | 21.9 | 2025 |
| 25 | Verhelst Group 8400 Ostend | €106.9m | 190,870 € | €33.3m | 18.8 | 2025 |
| 26 | Immo Eecke 8620 Nieuwpoort | €5.41m | — | 842,692 € | 17.4 | 2025 |
| 27 | Bremhove 8750 Wingene | €498.9m | €15.0m | €298.7m | 17.2 | 2025 |
| 28 | Woonstart 8700 Tielt | €97.5m | €7.33m | €15.5m | 17.1 | 2025 |
| 29 | Verada 8550 Zwevegem | €2.46m | — | €1.35m | 16.3 | 2025 |
| 30 | Vandecasteele Noel & Bernard 8511 Kortrijk | €34.9m | €3.95m | €11.3m | 15.6 | 2025 |
| 31 | Merlier Immo 8550 Zwevegem | €3.32m | — | 950,943 € | 14.8 | 2025 |
| 32 | De Steenoven 8800 Roeselare | €7.16m | — | €1.14m | 14.6 | 2025 |
| 33 | Het Entrepot 8000 Bruges | €1.09m | — | 707,106 € | 14.5 | 2025 |
| 34 | Degezelle Vastgoed 8792 Waregem | €14.5m | — | €4.78m | 14.1 | 2025 |
| 35 | Holiday Suites International 8000 Bruges | €2.57m | — | €1.54m | 13.6 | 2025 |
| 36 | ARSU 8470 Gistel | €38.4m | 584,085 € | €27.4m | 13.5 | 2025 |
| 37 | Compagnie Le Zoute 8300 Knokke-Heist | €81.8m | €2.90m | €69.8m | 13.3 | 2025 |
| 38 | HHD NV 8370 Blankenberge | 450,242 € | — | 287,871 € | 12.4 | 2025 |
| 39 | Bouw Bossu 8800 Roeselare | €8.90m | — | €2.18m | 11.3 | 2025 |
| 40 | 't Claeyssenshof 8830 Hooglede | €14.2m | — | €3.15m | 11.2 | 2025 |
| 41 | Félou 8300 Knokke-Heist | 534,801 € | — | 298,439 € | 10.4 | 2025 |
| 42 | Euro Immo 8620 Nieuwpoort | €2.55m | — | €1.33m | 10.3 | 2025 |
| 43 | VDB Group 8800 Roeselare | €111.3m | — | €87.0m | 10.2 | 2025 |
| 44 | Abimo-Dewispelaere 8301 Knokke-Heist | €1.96m | €2.09m | 20,460 € | 10.2 | 2025 |
| 45 | Telifra 8940 Wervik | €79.1m | €3.91m | €78.0m | 10.0 | 2025 |
| 46 | Immo Groep Cauwe 8300 Knokke-Heist | €8.01m | — | €4.40m | 10.0 | 2025 |
| 47 | KCC 8710 Wielsbeke | €7.02m | — | €3.63m | 9.7 | 2025 |
| 48 | Hocon 8500 Kortrijk | €2.22m | — | €1.64m | 9.6 | 2025 |
| 49 | Isera Vastgoed 8200 Bruges | €2.41m | — | 567,129 € | 9.5 | 2025 |
| 50 | Atmos 8587 Spiere-Helkijn | 914,552 € | — | −532,849 € | 9.5 | 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. Headcount reported by the company for all its sites: the jobs may be located elsewhere.
“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.
Real estate activities across Belgium → All sectors · West Flanders →
Other sectors · West Flanders
- 01 Crop and animal production, hunting and related service activities484
- 02 Forestry and logging16
- 03 Fishing and aquaculture54
- 10 Manufacture of food products528
- 11 Manufacture of beverages35
- 13 Manufacture of textiles217
- 14 Manufacture of wearing apparel39
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials136
- 17 Manufacture of paper and paper products32
- 18 Printing and reproduction of recorded media104
- 20 Manufacture of chemicals and chemical products64
- 22 Manufacture of rubber and plastic products94
- 23 Manufacture of other non-metallic mineral products129
- 24 Manufacture of basic metals32
- 25 Manufacture of fabricated metal products, except machinery and equipment553
- 26 Manufacture of computer, electronic and optical products42
- 27 Manufacture of electrical equipment51
- 28 Manufacture of machinery and equipment n.e.c.171
- 29 Manufacture of motor vehicles, trailers and semi-trailers45
- 30 Manufacture of other transport equipment16
- 31 Manufacture of furniture139
- 32 Other manufacturing69
- 33 Repair, maintenance and installation of machinery and equipment177
- 35 Electricity, gas, steam and air conditioning supply29
- 37 Sewerage14
- 38 Waste collection, recovery and disposal activities95
- 41 Construction of residential and non-residential buildings768
- 42 Civil engineering107
- 43 Specialised construction activities2,473
- 46 Wholesale trade1,891
- 47 Retail trade2,478
- 49 Land transport and transport via pipelines699
- 52 Warehousing, storage and support activities for transportation107
- 53 Postal and courier activities29
- 55 Accommodation356
- 56 Food and beverage service activities1,844
- 58 Publishing activities30
- 59 Motion picture, video and television programme production, sound recording and music publishing activities22
- 62 Computer programming, consultancy and related activities305
- 63 Computing infrastructure, data processing, hosting and other information service activities33
- 64 Financial service activities, except insurance and pension funding589
- 66 Activities auxiliary to financial services and insurance activities410
- 69 Legal and accounting activities577
- 70 Activities of head offices and management consultancy411
- 71 Architectural and engineering activities; technical testing and analysis385
- 72 Scientific research and development13
- 73 Activities of advertising, market research and public relations109
- 74 Other professional, scientific and technical activities47
- 75 Veterinary activities58
- 77 Rental and leasing activities97
- 78 Employment activities76
- 79 Travel agency, tour operator and other reservation service and related activities63
- 80 Investigation and security activities12
- 81 Services to buildings and landscape activities363
- 82 Office administrative, office support and other business support activities124
- 85 Education92
- 86 Human health activities550
- 87 Residential care activities123
- 88 Social work activities without accommodation125
- 90 Arts creation and performing arts activities46
- 92 Gambling and betting activities12
- 93 Sports activities and amusement and recreation activities159
- 94 Activities of membership organisations34
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles181
- 96 Personal service activities270
Municipalities with the most companies in the sector · West Flanders
- 8300 Knokke-Heist (Knokke, Westkapelle)731
- 8800 Roeselare (Beveren, Oekene, Rumbeke)413
- 8500 Kortrijk410
- 8400 Ostend (Stene, Zandvoorde)319
- 8000 Bruges (Koolkerke)308
- 8790 Waregem286
- 8670 Koksijde (Oostduinkerke, Wulpen)242
- 8020 Oostkamp (Hertsberge, Ruddervoorde, Waardamme)200
- 8200 Bruges (Sint-Andries, Sint-Michiels)188
- 8560 Wevelgem (Gullegem, Moorsele)165
- 8900 Ypres (Brielen, Dikkebus, Sint-Jan)150
- 8620 Nieuwpoort (Ramskapelle, Sint-Joris)128
Frequently asked questions
Which is the largest employer in Real estate activities in West Flanders?
Among companies, Matexi Projects, with 113.3 full-time equivalents reported (financial year 2025).
Are all the jobs located in the area?
Not necessarily: headcount is reported by the company for all its sites, and the company is ranked by the address of its registered office. 696 out of 7,216 companies in the sector report employees there.
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 · West Flanders
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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 14 Nov 2026.