Manufacture of food products
5,454 Belgian companies whose main activity falls under NACE code 10 have filed annual accounts. Their median solvency is 34.0% for financial year 2024.
Sector medians
Computed by IdonisDistribution across the sector's companies for financial year 2024: a quarter of companies sit below the 1st quartile, half below the median, three quarters below the 3rd quartile.
| Indicator | 1st quartile | Median | 3rd quartile | Companies |
|---|---|---|---|---|
| Solvency | 11.1% | 34.0% | 59.4% | 4,787 |
| Current ratio | 0.65 | 1.17 | 2.03 | 4,747 |
| ROE | 3.4% | 16.3% | 35.5% | 3,965 |
| Equity | 20,419 € | 119,841 € | 557,542 € | 4,816 |
| Total assets | 135,546 € | 428,381 € | €1.52m | 4,811 |
| Net result | −1,271 € | 18,583 € | 88,667 € | 4,802 |
| Headcount (avg FTE) | 2.2 | 5.3 | 14.5 | 3,174 |
Medians computed by Idonis from annual accounts filed with the National Bank, all sizes combined. The same panel is the sector benchmark on every company page. Method
Largest companies: Manufacture of food products
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 | Barry Callebaut Belgium NV 9280 Lebbeke | €2.63bn | €6.57bn | €246.6m | 1,016.6 | 2025 |
| 2 | Cargill NV 2800 Mechelen | €2.46bn | €13.4bn | €494.3m | 992.8 | 2025 |
| 3 | Danone Rotselaar SP 3110 Rotselaar | €1.60bn | €298.2m | €1.53bn | 465.2 | 2025 |
| 4 | Vamix 9000 Ghent | €1.53bn | €956.0m | €250.9m | 78.8 | 2025 |
| 5 | United Petfood Group 9042 Ghent | €1.14bn | €44.8m | €942.1m | — | 2025 |
| 6 | Puratos 1702 Dilbeek | €1.04bn | €1.01bn | €200.1m | 1,452.7 | 2025 |
| 7 | Clarebout Potatoes 8950 Heuvelland | €986.6m | €1.80bn | €548.7m | 711.6 | 2024 |
| 8 | Agristo 8710 Wielsbeke | €933.3m | €1.34bn | €587.7m | 717.4 | 2024 |
| 9 | Raffinerie Tirlemontoise 3300 Tienen | €795.4m | €367.9m | €348.9m | 545.3 | 2026 |
| 10 | Lotus Bakeries 9971 Kaprijke | €793.7m | — | €198.2m | — | 2025 |
| 11 | Godiva Belgium 1070 Anderlecht | €581.0m | €14.1m | €513.2m | 25.0 | 2025 |
| 12 | United Petfood Producers 9042 Ghent | €501.8m | €120.0m | €302.1m | 82.9 | 2025 |
| 13 | Lutosa 7900 Leuze-en-Hainaut | €485.7m | €705.3m | €216.0m | 1,009.7 | 2025 |
| 14 | Greenyard 2860 Sint-Katelijne-Waver | €481.3m | €23.6m | €453.3m | 40.3 | 2026 |
| 15 | Alpro 8560 Wevelgem | €452.7m | €608.6m | €297.7m | 796.2 | 2025 |
| 16 | Baronie 8000 Bruges | €450.6m | €5.36m | €391.0m | 4.8 | 2025 |
| 17 | CL Warneton 7784 Comines-Warneton | €409.0m | €407.5m | €90.3m | 795.0 | 2024 |
| 18 | BENEO-Orafti 4360 Oreye | €406.1m | €372.4m | €246.7m | 347.7 | 2026 |
| 19 | GB Foods Belgium 2870 Puurs-Sint-Amands | €403.6m | €425.7m | €236.7m | — | 2025 |
| 20 | Dossche Mills 9800 Deinze | €391.0m | €382.9m | €78.3m | 179.1 | 2025 |
“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.
Where are they based?
Municipalities with the most
Manufacture of food products: rankings by region and province
The largest companies in the sector in each region and province, by municipality of the registered office. A ranking is published once 10 companies in the sector publish the figure there.
| Area | Total assets | Revenue | Headcount |
|---|---|---|---|
| Flanders | Largest | Revenue | Employers |
| Wallonia | Largest | Revenue | Employers |
| Brussels | Largest | Revenue | Employers |
| Antwerp province | Largest | Revenue | Employers |
| Flemish Brabant | Largest | Revenue | Employers |
| Limburg | Largest | Revenue | Employers |
| East Flanders | Largest | Revenue | Employers |
| West Flanders | Largest | Revenue | Employers |
| Walloon Brabant | Largest | Revenue | Employers |
| Hainaut | Largest | Revenue | Employers |
| Liège province | Largest | Revenue | Employers |
| Luxembourg province | Largest | Revenue | Employers |
| Namur province | Largest | Revenue | Employers |
Sub-sectors
- 1071 Manufacture of bread; manufacture of fresh pastry goods and cakes2,367
- 1011 Processing and preserving of meat, except of poultry meat386
- 1082 Manufacture of cocoa, chocolate and sugar confectionery369
- 1085 Manufacture of prepared meals and dishes339
- 1052 Manufacture of ice cream and other edible ice289
- 1013 Production of meat and poultry meat products234
- 1089 Manufacture of other food products n.e.c.206
- 1083 Processing of tea and coffee149
- 1091 Manufacture of prepared feeds for farm animals131
- 1051 Manufacture of dairy products126
- 1039 Other processing and preserving of fruit and vegetables118
- 1072 Manufacture of rusks, biscuits, preserved pastries and cakes107
- 1061 Manufacture of grain mill products85
- 1031 Processing and preserving of potatoes82
- 1012 Processing and preserving of poultry meat78
- 1020 Processing and preserving of fish, crustaceans and molluscs68
- 1084 Manufacture of condiments and seasonings63
- 1032 Manufacture of fruit and vegetable juice61
- 1086 Manufacture of homogenised food preparations and dietetic food60
- 1073 Manufacture of farinaceous products42
- 1041 Manufacture of oils and fats38
- 1092 Manufacture of prepared pet foods33
- 1062 Manufacture of starches and starch products10
Frequently asked questions
How many Manufacture of food products companies are there in Belgium?
5,454 Belgian companies whose main activity falls under NACE code 10 (Manufacture of food products) have filed annual accounts with the National Bank.
What is the median solvency in Manufacture of food products?
For financial year 2024, median solvency (equity over total assets) is 34.0%. The middle half of companies lies between 11.1% and 59.4% (4,787 companies).
What is the largest company in Manufacture of food products?
By total assets, it is Barry Callebaut Belgium NV (€2.63bn, financial year 2025).
Where are Manufacture of food products companies based?
The municipalities with the most: Ghent (96), Brussels (80), Anderlecht (77).
Analyse companies in Manufacture of food products
Filter these companies by size, soundness and trend, follow them and get an alert when their accounts or publications change.
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 12 Nov 2026.