Manufacture of cement
23 Belgian companies whose main activity falls under NACE code 2351 have filed annual accounts. Their median solvency is 39.7% for financial year 2021.
Sector medians
Computed by IdonisDistribution across the sector's companies for financial year 2021: 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 | 24.7% | 39.7% | 69.9% | 17 |
| Current ratio | 1.30 | 1.52 | 2.02 | 17 |
| ROE | 6.2% | 13.0% | 28.0% | 16 |
| Equity | 196,711 € | €1.02m | €6.42m | 18 |
| Total assets | 299,418 € | €2.81m | €22.5m | 18 |
| Net result | 20,355 € | 176,992 € | €1.52m | 17 |
| Headcount (avg FTE) | 4.8 | 15.1 | 89.2 | 11 |
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 cement
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 | Heidelberg Materials Benelux 1420 Braine-l'Alleud | €1.05bn | €602.9m | €688.8m | 1,350.8 | 2025 |
| 2 | Holcim (Belgique) - Holcim (Belgie) 1401 Nivelles | €442.4m | €305.5m | €122.0m | 635.3 | 2025 |
| 3 | Holcim GO4Zero 1401 Nivelles | €252.5m | — | €36.7m | — | 2025 |
| 4 | V.V.M. 2030 Antwerp | €55.7m | €114.9m | €20.3m | 44.3 | 2025 |
| 5 | Cemminerals 9042 Ghent | €54.7m | €166.6m | €22.7m | 19.1 | 2023 |
| 6 | Kerkstoel 2000 + 2280 Grobbendonk | €25.9m | €40.4m | €8.11m | 148.2 | 2025 |
| 7 | Larco 4840 Welkenraedt | €7.70m | — | €3.20m | 10.7 | 2025 |
| 8 | Omnibeton 3500 Hasselt | €5.01m | — | 835,409 € | 23.8 | 2026 |
| 9 | Claesen Betonbedrijf 3560 Lummen | €3.62m | — | €2.67m | 3.9 | 2025 |
| 10 | Verdonck Veurne Biscuiterie 8490 Jabbeke | €3.50m | — | €2.46m | — | 2025 |
| 11 | F.I.M. Production and Recycling 2260 Westerlo | €2.56m | €1.82m | €1.04m | 4.5 | 2025 |
| 12 | Groep Claesen Invest 3560 Lummen | €1.85m | — | €1.26m | — | 2025 |
| 13 | Bentopur 8210 Zedelgem | 177,246 € | — | 12,929 € | — | 2024 |
| 14 | Sola BAT 4610 Beyne-Heusay | 150,417 € | — | −40,227 € | — | 2025 |
| 15 | JC Van den Bossche 9968 Assenede | 126,864 € | — | 55,204 € | — | 2025 |
| 16 | Actifloor 2320 Hoogstraten | 37,657 € | — | 35,042 € | — | 2025 |
| 17 | Afwerkingsbedrijf D & P 3700 Tongeren-Borgloon | 15,191 € | — | 5,833 € | — | 2026 |
| 18 | A-DL Renov 6200 Châtelet | 127 € | — | −1,856 € | — | 2025 |
“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.
See all 23 companies, full list →
Where are they based?
Municipalities with the most
- 1401 Nivelles (Baulers)2
- 3560 Lummen (Linkhout, Meldert)2
- 1180 Uccle1
- 1380 Lasne (Couture-Saint-Germain, Lasne-Chapelle-Saint-Lambert, Maransart, …)1
- 1420 Braine-l'Alleud1
- 1780 Wemmel1
- 2030 Antwerp1
- 2200 Herentals (Morkhoven, Noorderwijk)1
- 2260 Westerlo (Oevel, Tongerlo, Zoerle-Parwijs)1
- 2280 Grobbendonk1
- 2320 Hoogstraten1
- 2460 Kasterlee (Lichtaart, Tielen)1
Related sectors
← The whole Manufacture of other non-metallic mineral products sector (NACE 23)
- 2370 Cutting, shaping and finishing of stone543
- 2361 Manufacture of concrete products for construction purposes348
- 2363 Manufacture of ready-mixed concrete133
- 2341 Manufacture of ceramic household and ornamental articles53
- 2312 Shaping and processing of flat glass53
- 2315 Manufacture and processing of other glass, including technical glassware41
- 2399 Manufacture of other non-metallic mineral products n.e.c.41
- 2332 Manufacture of bricks, tiles and construction products, in baked clay40
- 2311 Manufacture of flat glass40
- 2366 Manufacture of other articles of concrete, cement and plaster38
- 2320 Manufacture of refractory products34
- 2331 Manufacture of ceramic tiles and flags19
Frequently asked questions
How many Manufacture of cement companies are there in Belgium?
23 Belgian companies whose main activity falls under NACE code 2351 (Manufacture of cement) have filed annual accounts with the National Bank.
What is the median solvency in Manufacture of cement?
For financial year 2021, median solvency (equity over total assets) is 39.7%. The middle half of companies lies between 24.7% and 69.9% (17 companies).
What is the largest company in Manufacture of cement?
By total assets, it is Heidelberg Materials Benelux (€1.05bn, financial year 2025).
Where are Manufacture of cement companies based?
The municipalities with the most: Nivelles (2), Lummen (2), Uccle (1).
Analyse companies in Manufacture of cement
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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 13 Nov 2026.