Sector · NACE 2630

Manufacture of communication equipment

98 Belgian companies whose main activity falls under NACE code 2630 have filed annual accounts. Their median solvency is 46.4% for financial year 2025.

Companies98
Median solvency46.4%
Median equity193,104 €
Median headcount (FTE)10.3
Founded in the last 3 years5

Sector medians

Computed by Idonis

Distribution across the sector's companies for financial year 2025: a quarter of companies sit below the 1st quartile, half below the median, three quarters below the 3rd quartile.

Indicator1st quartileMedian3rd quartileCompanies
Solvency 31.0%46.4%72.2% 88
Current ratio 1.001.793.08 89
ROE 0.2%11.4%22.6% 77
Equity 41,202 €193,104 €€2.14m 90
Total assets 140,607 €824,491 €€3.87m 89
Net result −2,778 €22,932 €202,905 € 89
Headcount (avg FTE) 2.510.322.9 53

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 communication equipment

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

#Company Total assetsRevenue EquityFTEYear
1 Nokia Bell 2018 Antwerp €281.9m €186.7m €168.8m 1,175.1 2025
2 EVS 4102 Seraing €268.5m €188.1m €193.8m 442.7 2025
3 Allison Off-Highway Belgium 8200 Bruges €121.3m €235.0m €56.0m 526.7 2025
4 ST Engineering iDirect (Europe) CY 9100 Sint-Niklaas €75.8m €6.70m €31.8m 219.9 2025
5 Televic Rail 8870 Izegem €71.3m €56.1m €29.9m 135.4 2025
6 Belden Solutions 2250 Olen €57.4m €45.3m €19.8m — 2024
7 Zenitel 1731 Asse €56.7m — €38.3m 2.0 2025
8 Televic 8870 Izegem €51.3m €63.2m €40.2m 101.5 2025
9 Televic Group 8870 Izegem €28.0m €5.38m €24.7m 5.6 2025
10 IP Trade 4000 Liège €21.8m €10.4m €19.2m 22.0 2026
11 S.A. Ista N.V. 1070 Anderlecht €14.6m €11.2m €6.07m 53.6 2025
12 SEE Telecom 1401 Nivelles €12.7m €16.8m €2.96m 38.4 2024
13 Vix Technology (Belgium) 1000 Brussels €12.5m — €9.95m 3.9 2025
14 Tein Technology 1030 Schaerbeek €10.7m €15.2m €4.07m 40.9 2025
15 Cepheid Benelux 9051 Ghent €10.7m €29.0m €1.17m 10.4 2025
16 HMS Industrial Networks 1400 Nivelles €9.72m €24.0m €5.10m 71.2 2025
17 Alarmes Coquelet 7340 Colfontaine €8.00m — €6.30m 20.0 2025
18 Radio Holland Belgium 2160 Wommelgem €7.99m €11.4m €4.17m 38.5 2025
19 Comptoir Belge de Télécommunications 1070 Anderlecht €7.77m — €5.32m 31.6 2025
20 Essec Telecom Center 3980 Tessenderlo-Ham €7.50m €22.9m €2.37m 39.0 2025

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

See all 98 companies, full list →

Where are they based?

  • Brussels-Capital16
  • Antwerp16
  • East Flanders14
  • Walloon Brabant13
  • West Flanders10
  • Liège10
  • Flemish Brabant9
  • Hainaut5
  • Limburg4
  • Namur1

Municipalities with the most

Related sectors

← The whole Manufacture of computer, electronic and optical products sector (NACE 26)

Frequently asked questions

How many Manufacture of communication equipment companies are there in Belgium?

98 Belgian companies whose main activity falls under NACE code 2630 (Manufacture of communication equipment) have filed annual accounts with the National Bank.

What is the median solvency in Manufacture of communication equipment?

For financial year 2025, median solvency (equity over total assets) is 46.4%. The middle half of companies lies between 31.0% and 72.2% (88 companies).

What is the largest company in Manufacture of communication equipment?

By total assets, it is Nokia Bell (€281.9m, financial year 2025).

Where are Manufacture of communication equipment companies based?

The municipalities with the most: Anderlecht (4), Liège (3), Izegem (3).

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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.