Manufacture of electric motors, generators and transformers
217 Belgian companies whose main activity falls under NACE code 2711 have filed annual accounts. Their median solvency is 45.6% for financial year 2023.
Sector medians
Computed by IdonisDistribution across the sector's companies for financial year 2023: 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 | 19.0% | 45.6% | 73.8% | 177 |
| Current ratio | 1.13 | 1.82 | 3.99 | 177 |
| ROE | 0.1% | 10.6% | 28.8% | 156 |
| Equity | 35,333 € | 156,719 € | 781,757 € | 181 |
| Total assets | 143,317 € | 555,141 € | €2.33m | 181 |
| Net result | −3,652 € | 17,078 € | 98,249 € | 181 |
| Headcount (avg FTE) | 2.0 | 6.6 | 22.2 | 90 |
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 electric motors, generators and transformers
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 | ALSTOM Belgium 6001 Charleroi | €755.8m | €814.7m | €297.4m | 1,668.6 | 2026 |
| 2 | ADB Safegate 1830 Machelen (Brab.) | €451.4m | €175.3m | €81.6m | 196.7 | 2025 |
| 3 | Vestas Belgium 3530 Houthalen-Helchteren | €94.1m | €128.7m | €25.3m | 47.3 | 2024 |
| 4 | Inductotherm Coating Equipment 4040 Herstal | €59.1m | €53.3m | €26.5m | 131.5 | 2025 |
| 5 | Grid Solutions Belgium 4800 Verviers | €55.6m | €42.0m | €14.7m | 35.0 | 2025 |
| 6 | Pauwels Transformers 2800 Mechelen | €43.3m | €41.2m | €14.1m | 71.5 | 2025 |
| 7 | Europower Generators 3850 Nieuwerkerken (Limb.) | €39.9m | €59.9m | −€2.09m | 82.1 | 2024 |
| 8 | Constructions Electroniques + Telecommunications 4020 Liège | €29.9m | €35.4m | €6.13m | 64.6 | 2025 |
| 9 | Ateliers Hubert Gerken 4800 Verviers | €27.7m | €18.0m | €15.2m | 58.8 | 2025 |
| 10 | DSG Belgium 2630 Aartselaar | €20.3m | €33.5m | €6.43m | 49.7 | 2025 |
| 11 | Lillo Energy 1000 Brussels | €18.6m | €15.5m | €5.36m | — | 2025 |
| 12 | ETA - COM B 2850 Boom | €16.1m | €16.5m | €4.58m | 39.1 | 2026 |
| 13 | Smeets 1600 Sint-Pieters-Leeuw | €15.5m | €12.4m | €11.8m | 8.5 | 2025 |
| 14 | Automation 1500 Halle | €12.9m | €27.3m | €2.03m | 57.3 | 2025 |
| 15 | Smappee Services 8530 Harelbeke | €11.0m | — | −991,880 € | 3.5 | 2025 |
| 16 | Van Loock Motoren 2900 Schoten | €10.6m | — | €2.69m | 28.3 | 2025 |
| 17 | Kiosun 10 8500 Kortrijk | €10.2m | — | 822,674 € | — | 2025 |
| 18 | Etablissements Verhulst 4630 Soumagne | €8.62m | €14.0m | €4.49m | 42.9 | 2025 |
| 19 | Hamers 9600 Ronse | €7.75m | — | €2.73m | — | 2025 |
| 20 | CDC-Cabines de Ciney 5590 Ciney | €7.70m | €5.67m | €1.76m | 16.0 | 2025 |
“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.
See all 217 companies, full list →
Where are they based?
Municipalities with the most
- 2800 Mechelen (Walem)6
- 6001 Charleroi (Marcinelle)5
- 1070 Anderlecht4
- 3150 Haacht (Tildonk, Wespelaar)4
- 8500 Kortrijk4
- 2440 Geel3
- 2630 Aartselaar3
- 3000 Leuven3
- 3700 Tongeren-Borgloon (Berg, Diets-Heur, Haren, …)3
- 3960 Bree (Beek, Gerdingen, Opitter, …)3
- 4800 Verviers (Ensival, Lambermont, Petit-Rechain, …)3
- 9000 Ghent3
Related sectors
← The whole Manufacture of electrical equipment sector (NACE 27)
- 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 electric motors, generators and transformers companies are there in Belgium?
217 Belgian companies whose main activity falls under NACE code 2711 (Manufacture of electric motors, generators and transformers) have filed annual accounts with the National Bank.
What is the median solvency in Manufacture of electric motors, generators and transformers?
For financial year 2023, median solvency (equity over total assets) is 45.6%. The middle half of companies lies between 19.0% and 73.8% (177 companies).
What is the largest company in Manufacture of electric motors, generators and transformers?
By total assets, it is ALSTOM Belgium (€755.8m, financial year 2026).
Where are Manufacture of electric motors, generators and transformers companies based?
The municipalities with the most: Mechelen (6), Charleroi (5), Anderlecht (4).
Analyse companies in Manufacture of electric motors, generators and transformers
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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 12 Nov 2026.