Sector · NACE 10

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.

Companies5,454
Median solvency34.0%
Median equity119,841 €
Median headcount (FTE)5.3
Founded in the last 3 years397

Sector medians

Computed by Idonis

Distribution 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.

Indicator1st quartileMedian3rd quartileCompanies
Solvency 11.1%34.0%59.4% 4,787
Current ratio 0.651.172.03 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) 2.25.314.5 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 assetsRevenue EquityFTEYear
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?

  • Antwerp947
  • East Flanders824
  • West Flanders752
  • Brussels-Capital567
  • Liège512
  • Flemish Brabant469
  • Hainaut458
  • Limburg342
  • Namur260
  • Walloon Brabant190
  • Luxembourg128

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.

AreaTotal assetsRevenueHeadcount
Flanders LargestRevenueEmployers
Wallonia LargestRevenueEmployers
Brussels LargestRevenueEmployers
Antwerp province LargestRevenueEmployers
Flemish Brabant LargestRevenueEmployers
Limburg LargestRevenueEmployers
East Flanders LargestRevenueEmployers
West Flanders LargestRevenueEmployers
Walloon Brabant LargestRevenueEmployers
Hainaut LargestRevenueEmployers
Liège province LargestRevenueEmployers
Luxembourg province LargestRevenueEmployers
Namur province LargestRevenueEmployers

Sub-sectors

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).

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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 12 Nov 2026.