Sector · NACE 25

Manufacture of fabricated metal products, except machinery and equipment

6,185 Belgian companies whose main activity falls under NACE code 25 have filed annual accounts. Their median solvency is 45.4% for financial year 2024.

Companies6,185
Median solvency45.4%
Median equity200,119 €
Median headcount (FTE)5.7
Founded in the last 3 years370

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 23.2%45.4%68.3% 5,493
Current ratio 1.011.612.91 5,439
ROE 1.7%12.1%29.3% 5,060
Equity 47,669 €200,119 €727,733 € 5,530
Total assets 154,786 €551,129 €€1.75m 5,515
Net result 263 €19,496 €85,378 € 5,520
Headcount (avg FTE) 2.05.714.6 3,020

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 fabricated metal products, except machinery and equipment

Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.

#Company Total assetsRevenue EquityFTEYear
1 NV Bekaert SA 8550 Zwevegem €2.38bn €395.6m €1.29bn 1,149.0 2025
2 Black & Decker Limited 3980 Tessenderlo-Ham €1.28bn €1.84bn €312.5m 349.7 2025
3 Equans 1210 Saint-Josse-ten-Noode €969.1m €1.26bn €277.8m 4,823.5 2025
4 John Cockerill 4100 Seraing €851.9m €272.0m €296.6m 565.5 2025
5 John Cockerill Defense 4431 Ans €824.2m €118.5m €265.8m 217.0 2025
6 FN Herstal 4040 Herstal €788.5m €422.0m €460.0m 1,488.8 2025
7 Stow International 8587 Spiere-Helkijn €700.0m €547.7m €120.7m 451.4 2025
8 Smulders Group 2370 Arendonk €694.5m 644,630 € €33.2m — 2025
9 Joris IDE 8750 Wingene €654.1m €560.6m €179.1m 652.0 2025
10 Aliplast 9160 Lokeren €628.1m €86.0m €323.2m 182.6 2025
11 Thales Belgium 4040 Herstal €450.1m €436.9m €67.6m 450.5 2025
12 Iemants 2370 Arendonk €447.5m €555.1m €70.0m 506.5 2025
13 Reynaers Aluminium 2570 Duffel €443.5m €386.7m €347.0m 527.5 2025
14 Renson 8790 Waregem €260.0m €139.4m €225.3m 572.9 2025
15 Smulders Projects Belgium 2370 Arendonk €259.2m €422.3m €44.9m 270.8 2025
16 Vero Duco 8630 Veurne €221.2m €91.1m €192.8m 178.3 2025
17 MOVU 9160 Lokeren €194.4m €130.5m €36.3m 298.6 2025
18 Lanson Real Estate 1090 Jette €187.0m — €130.3m 18.8 2025
19 KNDS Belgium 7181 Seneffe €173.7m €34.9m €4.77m 246.2 2025
20 Vergalle 9700 Oudenaarde €146.3m €181.7m €77.2m 16.0 2025

“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.

Manufacture of fabricated metal products, except machinery and equipment: 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 Largest—Employers
Namur province LargestRevenueEmployers

Sub-sectors

Frequently asked questions

How many Manufacture of fabricated metal products, except machinery and equipment companies are there in Belgium?

6,185 Belgian companies whose main activity falls under NACE code 25 (Manufacture of fabricated metal products, except machinery and equipment) have filed annual accounts with the National Bank.

What is the median solvency in Manufacture of fabricated metal products, except machinery and equipment?

For financial year 2024, median solvency (equity over total assets) is 45.4%. The middle half of companies lies between 23.2% and 68.3% (5,493 companies).

What is the largest company in Manufacture of fabricated metal products, except machinery and equipment?

By total assets, it is NV Bekaert SA (€2.38bn, financial year 2025).

Where are Manufacture of fabricated metal products, except machinery and equipment companies based?

The municipalities with the most: Roeselare (80), Genk (68), Anderlecht (51).

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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 13 Nov 2026.