Manufacture of electric motors, generators and transformers: highest published revenue
25 Belgian companies in the sector (NACE 2711) publish their revenue in recent accounts; here are the top 20. ALSTOM Belgium leads with €814.7m (financial year 2026).
Top 20
Ranked by revenue published in the latest filed accounts (accounts less than 3 years old).
| # | 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 | Europower Generators 3850 Nieuwerkerken (Limb.) | €39.9m | €59.9m | −€2.09m | 82.1 | 2024 |
| 5 | Inductotherm Coating Equipment 4040 Herstal | €59.1m | €53.3m | €26.5m | 131.5 | 2025 |
| 6 | Grid Solutions Belgium 4800 Verviers | €55.6m | €42.0m | €14.7m | 35.0 | 2025 |
| 7 | Pauwels Transformers 2800 Mechelen | €43.3m | €41.2m | €14.1m | 71.5 | 2025 |
| 8 | Constructions Electroniques + Telecommunications 4020 Liège | €29.9m | €35.4m | €6.13m | 64.6 | 2025 |
| 9 | DSG Belgium 2630 Aartselaar | €20.3m | €33.5m | €6.43m | 49.7 | 2025 |
| 10 | Automation 1500 Halle | €12.9m | €27.3m | €2.03m | 57.3 | 2025 |
| 11 | Ateliers Hubert Gerken 4800 Verviers | €27.7m | €18.0m | €15.2m | 58.8 | 2025 |
| 12 | ETA - COM B 2850 Boom | €16.1m | €16.5m | €4.58m | 39.1 | 2026 |
| 13 | Lillo Energy 1000 Brussels | €18.6m | €15.5m | €5.36m | — | 2025 |
| 14 | Etablissements Verhulst 4630 Soumagne | €8.62m | €14.0m | €4.49m | 42.9 | 2025 |
| 15 | Comus Technology 3700 Tongeren-Borgloon | €6.94m | €12.8m | €2.66m | 1.0 | 2023 |
| 16 | Smeets 1600 Sint-Pieters-Leeuw | €15.5m | €12.4m | €11.8m | 8.5 | 2025 |
| 17 | Nidec Industrial Automation Belgium 2800 Mechelen | €3.99m | €10.1m | €2.03m | 21.3 | 2026 |
| 18 | CDC-Cabines de Ciney 5590 Ciney | €7.70m | €5.67m | €1.76m | 16.0 | 2025 |
| 19 | Anerma Research 2260 Westerlo | €2.86m | €4.28m | €2.25m | 2.3 | 2025 |
| 20 | Howden Maintenance Partners Wallonie 5100 Namur | 734,475 € | €2.23m | 426,225 € | 2.1 | 2025 |
These are the revenue figures published in the annual accounts. Small companies (micro and abridged accounts) do not have to publish theirs: they do not appear in this ranking.
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Frequently asked questions
Which company in Manufacture of electric motors, generators and transformers has the highest revenue?
ALSTOM Belgium, with €814.7m in revenue (financial year 2026).
How many Manufacture of electric motors, generators and transformers companies publish their revenue?
25 out of 218, in accounts less than 3 years old. Small companies (micro and abridged accounts) are not required to publish it.
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 14 Nov 2026.