Manufacture of electrical equipment
777 Belgian companies whose main activity falls under NACE code 27 have filed annual accounts. Their median solvency is 41.7% for financial year 2024.
Sector medians
Computed by IdonisDistribution 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.
| Indicator | 1st quartile | Median | 3rd quartile | Companies |
|---|---|---|---|---|
| Solvency | 18.4% | 41.7% | 67.9% | 675 |
| Current ratio | 1.01 | 1.61 | 3.09 | 669 |
| ROE | 0.0% | 10.8% | 29.2% | 574 |
| Equity | 27,358 € | 170,782 € | 774,291 € | 683 |
| Total assets | 130,892 € | 519,654 € | €1.93m | 683 |
| Net result | −4,214 € | 13,721 € | 88,606 € | 678 |
| Headcount (avg FTE) | 2.0 | 5.8 | 19.9 | 335 |
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 electrical equipment
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 | Ionway 1000 Brussels | €1.34bn | — | €1.33bn | 19.7 | 2025 |
| 2 | ALSTOM Belgium 6001 Charleroi | €755.8m | €814.7m | €297.4m | 1,668.6 | 2026 |
| 3 | Signify Belgium 1731 Asse | €489.7m | €128.7m | €422.1m | 448.1 | 2025 |
| 4 | ADB Safegate 1830 Machelen (Brab.) | €451.4m | €175.3m | €81.6m | 196.7 | 2025 |
| 5 | Kabelwerk Eupen AG 4700 Eupen | €231.9m | €392.0m | €100.8m | 803.5 | 2025 |
| 6 | LuWa 5100 Namur | €224.5m | €8.71m | €2.10m | — | 2025 |
| 7 | Nexans Benelux 6001 Charleroi | €196.9m | €358.4m | €32.1m | 541.5 | 2025 |
| 8 | Niko 9100 Sint-Niklaas | €138.7m | €142.5m | €85.4m | 375.0 | 2025 |
| 9 | Schneider Electric 1180 Uccle | €118.2m | €276.7m | €4.59m | 486.7 | 2025 |
| 10 | Cegelec 1130 Brussels | €101.7m | €165.6m | €21.2m | 300.5 | 2025 |
| 11 | Duracell Batteries 3200 Aarschot | €97.5m | €77.9m | €86.8m | 364.2 | 2025 |
| 12 | Vestas Belgium 3530 Houthalen-Helchteren | €94.1m | €128.7m | €25.3m | 47.3 | 2024 |
| 13 | Bureau d'Electronique appliquée 4031 Liège | €94.0m | €136.4m | €40.8m | 327.5 | 2026 |
| 14 | Energizer Europe 3980 Tessenderlo-Ham | €90.2m | €164.4m | €22.1m | 324.2 | 2025 |
| 15 | Delta Light 8560 Wevelgem | €75.5m | €57.5m | €50.4m | 275.4 | 2025 |
| 16 | Electra Lion AssetCo 1050 Ixelles | €74.6m | €17.1m | €3.10m | — | 2025 |
| 17 | Nexans Network Solutions 1501 Halle | €70.2m | €103.8m | €34.3m | 321.6 | 2025 |
| 18 | Inductotherm Coating Equipment 4040 Herstal | €59.1m | €53.3m | €26.5m | 131.5 | 2025 |
| 19 | Deckx Elektro Mechanica 2480 Dessel | €58.4m | €86.4m | €14.4m | 99.1 | 2025 |
| 20 | Automatic Systems 1300 Wavre | €56.2m | €60.3m | €1.64m | 227.3 | 2025 |
“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.
Where are they based?
Municipalities with the most
Manufacture of electrical 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.
| Area | Total assets | Revenue | Headcount |
|---|---|---|---|
| Flanders | Largest | Revenue | Employers |
| Wallonia | Largest | Revenue | Employers |
| Brussels | Largest | Revenue | Employers |
| Antwerp province | Largest | Revenue | Employers |
| Flemish Brabant | Largest | Revenue | Employers |
| Limburg | Largest | Revenue | Employers |
| East Flanders | Largest | Revenue | Employers |
| West Flanders | Largest | — | Employers |
| Walloon Brabant | Largest | — | Employers |
| Hainaut | Largest | Revenue | Employers |
| Liège province | Largest | Revenue | Employers |
| Namur province | Largest | — | Employers |
Sub-sectors
- 2711 Manufacture of electric motors, generators and transformers217
- 2740 Manufacture of lighting equipment197
- 2790 Manufacture of other electrical equipment111
- 2712 Manufacture of electricity distribution and control apparatus104
- 2751 Manufacture of electric domestic appliances62
- 2720 Manufacture of batteries and accumulators34
- 2732 Manufacture of other electronic and electric wires and cables17
- 2733 Manufacture of wiring devices16
- 2752 Manufacture of non-electric domestic appliances10
Frequently asked questions
How many Manufacture of electrical equipment companies are there in Belgium?
777 Belgian companies whose main activity falls under NACE code 27 (Manufacture of electrical equipment) have filed annual accounts with the National Bank.
What is the median solvency in Manufacture of electrical equipment?
For financial year 2024, median solvency (equity over total assets) is 41.7%. The middle half of companies lies between 18.4% and 67.9% (675 companies).
What is the largest company in Manufacture of electrical equipment?
By total assets, it is Ionway (€1.34bn, financial year 2025).
Where are Manufacture of electrical equipment companies based?
The municipalities with the most: Anderlecht (13), Mechelen (11), Brussels (9).
Analyse companies in Manufacture of electrical equipment
Filter these companies by size, soundness and trend, follow them and get an alert when their accounts or publications change.
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 12 Nov 2026.