Manufacture of central heating radiators, steam generators and boilers
226 Belgian companies whose main activity falls under NACE code 2521 have filed annual accounts. Their median solvency is 40.2% for financial year 2022.
Sector medians
Computed by IdonisDistribution across the sector's companies for financial year 2022: 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 | 18.0% | 40.2% | 64.8% | 195 |
| Current ratio | 0.85 | 1.42 | 2.35 | 189 |
| ROE | 2.4% | 17.1% | 40.1% | 169 |
| Equity | 30,427 € | 161,299 € | 819,596 € | 199 |
| Total assets | 137,417 € | 421,193 € | €1.84m | 198 |
| Net result | −1,086 € | 19,299 € | 134,039 € | 198 |
| Headcount (avg FTE) | 3.2 | 9.8 | 24.5 | 97 |
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 central heating radiators, steam generators and boilers
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 | John Cockerill 4100 Seraing | €851.9m | €272.0m | €296.6m | 565.5 | 2025 |
| 2 | Lanson Real Estate 1090 Jette | €187.0m | — | €130.3m | 18.8 | 2025 |
| 3 | Verdon 6180 Courcelles | €79.9m | €116.5m | €24.8m | 146.0 | 2025 |
| 4 | JAGA 3590 Diepenbeek | €33.3m | €58.0m | €6.22m | 282.3 | 2025 |
| 5 | Groupe Atlantic Manufacturing Belgium 7180 Seneffe | €33.1m | €35.4m | −€18.7m | 129.2 | 2025 |
| 6 | VDL KTI 2400 Mol | €25.1m | €27.0m | €7.60m | 78.1 | 2025 |
| 7 | Purmo Group Belgium 3520 Zonhoven | €18.0m | €56.6m | €10.0m | 72.1 | 2025 |
| 8 | Urbeo Invest 4040 Herstal | €17.5m | — | €14.5m | — | 2025 |
| 9 | Clayton of Belgium 2880 Bornem | €15.8m | €21.9m | €9.64m | 105.9 | 2025 |
| 10 | Vinkenest 8530 Harelbeke | €14.8m | 777,174 € | €13.3m | — | 2025 |
| 11 | Green Belgian Environmental Solutions 1140 Evere | €14.7m | — | €1.66m | — | 2025 |
| 12 | Stahl - und Apparatebau Huppertz 4780 Sankt Vith | €14.6m | — | €11.3m | 35.7 | 2025 |
| 13 | Metubel 7110 La Louvière | €13.1m | €21.6m | €5.17m | 155.9 | 2025 |
| 14 | Kryvan 9200 Dendermonde | €12.8m | — | €7.29m | — | 2025 |
| 15 | Welders 9300 Aalst | €11.0m | — | €3.57m | 33.1 | 2025 |
| 16 | Abutriek Service 8570 Anzegem | €9.10m | €13.4m | €2.15m | 46.9 | 2025 |
| 17 | Sparx Industries 4000 Liège | €8.02m | €19.7m | 178,313 € | 59.0 | 2024 |
| 18 | Euro - Register 4681 Oupeye | €6.90m | €7.93m | 945,342 € | 66.3 | 2025 |
| 19 | ADF Belgium 2030 Antwerp | €6.64m | €18.4m | 150,794 € | 78.4 | 2025 |
| 20 | Asotep 3600 Genk | €6.52m | — | 661,207 € | 42.8 | 2025 |
“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.
See all 226 companies, full list →
Where are they based?
Municipalities with the most
- 4040 Herstal5
- 1030 Schaerbeek4
- 1480 Tubize (Clabecq, Oisquercq, Saintes)4
- 1300 Wavre (Limal)3
- 1600 Sint-Pieters-Leeuw (Oudenaken, Sint-Laureins-Berchem)3
- 2310 Rijkevorsel3
- 3600 Genk3
- 4000 Liège (Glain, Rocourt)3
- 4800 Verviers (Ensival, Lambermont, Petit-Rechain, …)3
- 7110 La Louvière (Boussoit, Houdeng-Aimeries, Houdeng-Goegnies, …)3
- 7350 Hensies (Hainin, Montroeul-Sur-Haine, Thulin)3
- 9810 Nazareth-De Pinte (Eke, Nazareth)3
Related sectors
- 2511 Manufacture of metal structures and parts of structures2,496
- 2553 Machining of metals1,393
- 2512 Manufacture of doors and windows of metal559
- 2540 Forging and shaping metal and powder metallurgy471
- 2551 Coating of metals385
- 2599 Manufacture of other fabricated metal products n.e.c.297
- 2562 Manufacture of locks and hinges106
- 2563 Manufacture of tools84
- 2522 Manufacture of other tanks, reservoirs and containers of metal71
- 2593 Manufacture of wire products, chain and springs37
- 2530 Manufacture of weapons and ammunition20
- 2594 Manufacture of fasteners and screw machine products10
Frequently asked questions
How many Manufacture of central heating radiators, steam generators and boilers companies are there in Belgium?
226 Belgian companies whose main activity falls under NACE code 2521 (Manufacture of central heating radiators, steam generators and boilers) have filed annual accounts with the National Bank.
What is the median solvency in Manufacture of central heating radiators, steam generators and boilers?
For financial year 2022, median solvency (equity over total assets) is 40.2%. The middle half of companies lies between 18.0% and 64.8% (195 companies).
What is the largest company in Manufacture of central heating radiators, steam generators and boilers?
By total assets, it is John Cockerill (€851.9m, financial year 2025).
Where are Manufacture of central heating radiators, steam generators and boilers companies based?
The municipalities with the most: Herstal (5), Schaerbeek (4), Tubize (4).
Analyse companies in Manufacture of central heating radiators, steam generators and boilers
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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.