Real estate activities: highest revenue in West Flanders
As of 14 Nov 2026, 283 companies in Real estate activities (NACE 68) in West Flanders publish their revenue in recent accounts (financial years 2023 to 2026). The top 10 account for €533.0m, out of €1.34bn for all of them; median revenue is 637,686 €. Matexi Projects leads with €196.8m (financial year 2025).
Top 50 · Real estate activities · West Flanders
Ranked by revenue published 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 | Hectaar 8800 Roeselare | €38.5m | €47.1m | €25.6m | 21.9 | 2025 |
| 3 | Vivendo 8000 Bruges | €605.9m | €44.9m | €120.0m | 75.1 | 2025 |
| 4 | Thuiswest 8800 Roeselare | €603.0m | €40.8m | €148.4m | 90.9 | 2025 |
| 5 | Ghelamco Invest 8900 Ypres | €373.0m | €38.6m | €91.2m | — | 2025 |
| 6 | Degroote Real Estate Development 8400 Ostend | €119.0m | €37.9m | €67.1m | — | 2025 |
| 7 | Fremato Group 8790 Waregem | €285.2m | €34.0m | €47.0m | — | 2025 |
| 8 | Capronnier Invest 8790 Waregem | €4.71m | €33.7m | 472,181 € | — | 2025 |
| 9 | Gravejan GRO 8790 Waregem | €16.1m | €29.8m | €2.27m | — | 2025 |
| 10 | Landmaat 8800 Roeselare | €46.5m | €29.5m | €27.4m | 3.3 | 2025 |
| 11 | Maatschappij TOT Exploitatie van Immobilien 8790 Waregem | €1.11bn | €28.3m | €327.2m | 83.8 | 2025 |
| 12 | PDF Construct 8790 Waregem | €6.62m | €26.9m | €1.79m | — | 2025 |
| 13 | Degroote Harbour Construct 8400 Ostend | €28.8m | €25.4m | €7.34m | 3.1 | 2025 |
| 14 | SW+ 8500 Kortrijk | €401.7m | €24.2m | €67.0m | 56.5 | 2025 |
| 15 | Koramic Development Projects 8500 Kortrijk | €36.8m | €24.1m | €25.4m | — | 2025 |
| 16 | Ontwikkelingsmaatschappij Leopoldskazerne 8790 Waregem | €5.48m | €23.1m | 859,608 € | — | 2025 |
| 17 | Danneels Projects 8200 Bruges | €88.1m | €20.3m | €31.3m | 2.4 | 2025 |
| 18 | Woonmaatschappij VIVUS 8530 Harelbeke | €304.0m | €19.5m | €63.8m | 34.8 | 2025 |
| 19 | D³ Projects 8200 Bruges | €37.2m | €19.1m | €3.11m | 9.0 | 2025 |
| 20 | Woonmaatschappij Ijzer en Zee 8630 Veurne | €182.3m | €18.0m | €39.0m | 30.6 | 2025 |
| 21 | Compagnie het Zoute Real Estate 8300 Knokke-Heist | €34.8m | €17.4m | €16.3m | — | 2025 |
| 22 | NHV Invest 8400 Ostend | €91.6m | €16.9m | €20.7m | — | 2025 |
| 23 | Zoute Promotions 8300 Knokke-Heist | €7.18m | €16.3m | 999,206 € | — | 2025 |
| 24 | Aconstruct 8500 Kortrijk | €7.95m | €16.2m | 632,460 € | 1.7 | 2025 |
| 25 | Ekatov 8790 Waregem | €17.9m | €15.5m | €3.80m | — | 2025 |
| 26 | Bremhove 8750 Wingene | €498.9m | €15.0m | €298.7m | 17.2 | 2025 |
| 27 | Olste 8300 Knokke-Heist | €61.4m | €13.7m | €42.8m | 3.1 | 2025 |
| 28 | Acibel 8000 Bruges | €11.2m | €13.3m | 10,000 € | — | 2025 |
| 29 | !Mpuls Menen-Wervik 8930 Menen | €213.9m | €13.2m | €62.4m | 33.4 | 2025 |
| 30 | Residentie 8460 Oudenburg | €20.8m | €12.9m | €4.24m | 26.9 | 2025 |
| 31 | Potrell 8870 Izegem | €22.8m | €12.2m | €7.70m | 1.0 | 2025 |
| 32 | Oosteroever 8400 Ostend | €18.0m | €11.8m | €13.5m | — | 2025 |
| 33 | Ons Onderdak 8900 Ypres | €136.8m | €11.5m | €34.7m | 23.3 | 2025 |
| 34 | Valyou 8800 Roeselare | €27.0m | €11.2m | €6.50m | 0.7 | 2025 |
| 35 | WM Elan 8550 Zwevegem | €179.4m | €11.0m | €40.3m | 26.8 | 2025 |
| 36 | Groep Caenen Capital Fund 8430 Middelkerke | €113.1m | €10.6m | €3.91m | — | 2025 |
| 37 | Novus 8000 Bruges | €70.1m | €10.2m | €42.3m | 1.6 | 2025 |
| 38 | Digrom Immo 8850 Ardooie | €90.2m | €10.2m | €32.3m | — | 2025 |
| 39 | Rietveld Bouwprojecten 8670 Koksijde | €7.40m | €9.97m | €1.18m | — | 2025 |
| 40 | Degroote Harbour Development 8400 Ostend | €34.1m | €9.95m | €33.2m | — | 2025 |
| 41 | DGR Construct 8800 Roeselare | €15.2m | €9.75m | €5.68m | — | 2025 |
| 42 | Versluys Real Estate 8400 Ostend | €183.1m | €9.67m | €55.6m | 5.1 | 2025 |
| 43 | Danneels Development 8200 Bruges | €80.0m | €9.21m | €46.0m | 7.2 | 2025 |
| 44 | Chapter George Develops 8530 Harelbeke | €12.6m | €8.48m | €3.79m | 2.8 | 2025 |
| 45 | Global Jordan & Freeman 8020 Oostkamp | €4.83m | €8.16m | €1.73m | — | 2025 |
| 46 | Urbes Projects 8560 Wevelgem | €14.6m | €7.94m | €5.61m | 1.0 | 2025 |
| 47 | Celidee Construct 8790 Waregem | €9.29m | €7.40m | €1.51m | — | 2025 |
| 48 | Woonstart 8700 Tielt | €97.5m | €7.33m | €15.5m | 17.1 | 2025 |
| 49 | HDI Huyzentruyt Development & Investments 8790 Waregem | €24.8m | €7.31m | €10.5m | 0.8 | 2025 |
| 50 | Immo Potijzer 8511 Kortrijk | €151.9m | €6.94m | €47.8m | — | 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.
Real estate activities across Belgium → All sectors · West Flanders →
Other sectors · West Flanders
- 01 Crop and animal production, hunting and related service activities55
- 10 Manufacture of food products145
- 13 Manufacture of textiles60
- 16 Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials18
- 17 Manufacture of paper and paper products11
- 18 Printing and reproduction of recorded media13
- 20 Manufacture of chemicals and chemical products28
- 22 Manufacture of rubber and plastic products35
- 23 Manufacture of other non-metallic mineral products35
- 24 Manufacture of basic metals13
- 25 Manufacture of fabricated metal products, except machinery and equipment75
- 26 Manufacture of computer, electronic and optical products19
- 28 Manufacture of machinery and equipment n.e.c.44
- 29 Manufacture of motor vehicles, trailers and semi-trailers11
- 31 Manufacture of furniture28
- 33 Repair, maintenance and installation of machinery and equipment22
- 35 Electricity, gas, steam and air conditioning supply34
- 38 Waste collection, recovery and disposal activities37
- 41 Construction of residential and non-residential buildings93
- 42 Civil engineering32
- 43 Specialised construction activities169
- 46 Wholesale trade471
- 47 Retail trade192
- 49 Land transport and transport via pipelines98
- 52 Warehousing, storage and support activities for transportation38
- 55 Accommodation21
- 56 Food and beverage service activities55
- 62 Computer programming, consultancy and related activities62
- 64 Financial service activities, except insurance and pension funding362
- 66 Activities auxiliary to financial services and insurance activities37
- 69 Legal and accounting activities54
- 70 Activities of head offices and management consultancy187
- 71 Architectural and engineering activities; technical testing and analysis33
- 73 Activities of advertising, market research and public relations16
- 77 Rental and leasing activities26
- 78 Employment activities26
- 81 Services to buildings and landscape activities17
- 82 Office administrative, office support and other business support activities47
- 85 Education81
- 86 Human health activities49
- 87 Residential care activities80
- 88 Social work activities without accommodation35
- 90 Arts creation and performing arts activities15
- 93 Sports activities and amusement and recreation activities20
- 95 Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles21
- 96 Personal service activities20
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 company in Real estate activities in West Flanders has the highest revenue?
Matexi Projects, with €196.8m 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 283 that publish it, out of 7,216 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 · 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.