Sector · NACE 2720

Manufacture of batteries and accumulators

34 Belgian companies whose main activity falls under NACE code 2720 have filed annual accounts. Their median solvency is 29.5% for financial year 2025.

Companies34
Median solvency29.5%
Median equity109,336 €
Median headcount (FTE)7.7
Founded in the last 3 years7

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 2.0%29.5%58.2% 26
Current ratio 0.921.512.87 26
ROE 3.8%12.7%42.2% 18
Equity 3,087 €109,336 €501,609 € 26
Total assets 111,686 €636,281 €€5.88m 26
Net result −79,666 €8,052 €102,641 € 25
Headcount (avg FTE) 1.87.749.0 12

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 batteries and accumulators

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

#Company Total assetsRevenue EquityFTEYear
1 Ionway 1000 Brussels €1.34bn — €1.33bn 19.7 2025
2 Duracell Batteries 3200 Aarschot €97.5m €77.9m €86.8m 364.2 2025
3 Energizer Europe 3980 Tessenderlo-Ham €90.2m €164.4m €22.1m 324.2 2025
4 Clarios Belgium 2960 Brecht €23.4m €6.38m €22.5m — 2025
5 Avesta Holding 9400 Ninove €21.3m — €3.95m — 2024
6 Centrica Business Solutions Belgium 2600 Antwerp €12.0m €15.6m −€7.01m 58.5 2025
7 AZA Battery 1060 Saint-Gilles €7.75m — €3.90m — 2025
8 Hoppecke Belgium 1980 Zemst €6.17m €18.8m €2.04m 43.4 2026
9 Omnipower 8530 Harelbeke €1.79m — 511,424 € 3.2 2025
10 247 Alpha 9120 Beveren-Kruibeke-Zwijndrecht €1.25m — 176,299 € — 2025
11 Movanis 3550 Heusden-Zolder 978,211 € — 505,493 € 4.6 2026
12 Primax power 1853 Grimbergen 909,983 € — 156,022 € — 2025
13 Greenway Battery Europe 9140 Temse 884,373 € — 2,868 € 6.8 2024
14 CELL 2490 Balen 730,603 € — 362,509 € 0.1 2025
15 MVA Project Co. 3 8790 Waregem 677,808 € — 55,252 € — 2025
16 Powerslave Electronics 3870 Heers 665,210 € — 572,204 € — 2026
17 Vaar Systems 5300 Andenne 579,338 € — −77,666 € 1.3 2025
18 Celectric 483,119 € — −641,541 € 11.4 2025
19 Anesco België 2600 Antwerp 344,288 € — −938,911 € — 2026
20 Jump Energy 3000 Leuven 246,255 € — 149,821 € — 2025

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

See all 34 companies, full list →

Related sectors

← The whole Manufacture of electrical equipment sector (NACE 27)

Frequently asked questions

How many Manufacture of batteries and accumulators companies are there in Belgium?

34 Belgian companies whose main activity falls under NACE code 2720 (Manufacture of batteries and accumulators) have filed annual accounts with the National Bank.

What is the median solvency in Manufacture of batteries and accumulators?

For financial year 2025, median solvency (equity over total assets) is 29.5%. The middle half of companies lies between 2.0% and 58.2% (26 companies).

What is the largest company in Manufacture of batteries and accumulators?

By total assets, it is Ionway (€1.34bn, financial year 2025).

Where are Manufacture of batteries and accumulators companies based?

The municipalities with the most: Mont-Saint-Guibert (2), Antwerp (2), Brussels (1).

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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 14 Nov 2026.