Manufacture of machinery and equipment n.e.c.
1,613 Belgian companies whose main activity falls under NACE code 28 have filed annual accounts. Their median solvency is 45.0% 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 | 22.2% | 45.0% | 68.4% | 1,497 |
| Current ratio | 1.09 | 1.68 | 2.91 | 1,479 |
| ROE | 1.6% | 11.8% | 26.7% | 1,359 |
| Equity | 73,130 € | 364,244 € | €1.44m | 1,499 |
| Total assets | 263,611 € | 979,935 € | €3.28m | 1,499 |
| Net result | 29 € | 30,780 € | 168,254 € | 1,498 |
| Headcount (avg FTE) | 2.0 | 7.0 | 22.4 | 951 |
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 machinery and equipment n.e.c.
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 | Atlas Copco Airpower 2610 Antwerp | €9.68bn | €2.31bn | €3.96bn | 3,520.5 | 2025 |
| 2 | Daikin Europe N.V. 8400 Ostend | €2.53bn | €3.11bn | €1.24bn | 1,724.0 | 2026 |
| 3 | TVH Parts 8790 Waregem | €1.43bn | €825.1m | €1.02bn | 1,647.9 | 2025 |
| 4 | Vandewiele 8510 Kortrijk | €939.5m | €83.2m | €324.4m | 464.3 | 2025 |
| 5 | Virya Energy 1500 Halle | €908.0m | €9.95m | €781.1m | 42.5 | 2025 |
| 6 | CNH Industrial Belgium 8210 Zedelgem | €887.8m | €1.56bn | €556.4m | 3,222.1 | 2025 |
| 7 | ZF Wind Power Antwerpen 3920 Lommel | €534.3m | €262.6m | €410.0m | 791.3 | 2025 |
| 8 | Vandewiele Group 8510 Kortrijk | €497.6m | €28.3m | €408.5m | 6.3 | 2025 |
| 9 | Solar Turbines Europe 1420 Braine-l'Alleud | €394.8m | €514.7m | €79.3m | 349.0 | 2025 |
| 10 | Marelec Food Technologies 8620 Nieuwpoort | €292.8m | €37.4m | €16.1m | 117.1 | 2025 |
| 11 | Anglo Belgian Corporation 9000 Ghent | €276.3m | €186.3m | €179.6m | 360.4 | 2025 |
| 12 | Hydrogenics Europe 2260 Westerlo | €257.5m | €28.1m | €124.5m | 245.5 | 2024 |
| 13 | Picanol 8900 Ypres | €210.8m | €300.9m | €148.8m | 620.7 | 2025 |
| 14 | Alliance Laundry 1210 Saint-Josse-ten-Noode | €202.6m | — | €16.6m | 12.2 | 2025 |
| 15 | GEA Process Engineering 1500 Halle | €193.0m | €86.2m | €11.0m | 239.9 | 2025 |
| 16 | LVD Company 8560 Wevelgem | €149.4m | €164.5m | €55.1m | 378.5 | 2025 |
| 17 | TOMRA Food (Belgium) 3001 Leuven | €143.0m | €159.5m | €8.86m | 181.1 | 2025 |
| 18 | Schindler 1620 Drogenbos | €142.0m | €92.2m | €37.5m | 453.1 | 2025 |
| 19 | OTIS 1702 Dilbeek | €122.3m | €57.7m | €19.1m | 239.0 | 2025 |
| 20 | Ekopak 9800 Deinze | €114.5m | €17.7m | €30.3m | 121.5 | 2025 |
“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.
Where are they based?
Municipalities with the most
- 8800 Roeselare (Beveren, Oekene, Rumbeke)26
- 2600 Antwerp (Berchem)21
- 8870 Izegem (Emelgem, Kachtem)18
- 2220 Heist-op-den-Berg (Hallaar)14
- 3600 Genk13
- 9100 Sint-Niklaas (Nieuwkerken-Waas)13
- 9160 Lokeren (Daknam, Eksaarde)13
- 2390 Malle (Oostmalle, Westmalle)12
- 2610 Antwerp (Wilrijk)12
- 3500 Hasselt (Sint-Lambrechts-Herk)12
- 8900 Ypres (Brielen, Dikkebus, Sint-Jan)12
- 1070 Anderlecht11
Manufacture of machinery and equipment n.e.c.: 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 | Revenue | Employers |
| Walloon Brabant | Largest | Revenue | Employers |
| Hainaut | Largest | Revenue | Employers |
| Liège province | Largest | Revenue | Employers |
| Luxembourg province | Largest | — | Employers |
| Namur province | Largest | — | Employers |
Sub-sectors
- 2825 Manufacture of non-domestic air conditioning equipment288
- 2829 Manufacture of other general-purpose machinery n.e.c.272
- 2899 Manufacture of other special-purpose machinery n.e.c.214
- 2822 Manufacture of lifting and handling equipment189
- 2830 Manufacture of agricultural and forestry machinery125
- 2812 Manufacture of fluid power equipment103
- 2893 Manufacture of machinery for food, beverage and tobacco processing80
- 2841 Manufacture of metal forming machinery and machine tools for metal work69
- 2821 Manufacture of ovens, furnaces and permanent household heating equipment38
- 2815 Manufacture of bearings, gears, gearing and driving elements37
- 2823 Manufacture of office machinery and equipment, except computers and peripheral equipment36
- 2811 Manufacture of engines and turbines, except aircraft, vehicle and cycle engines32
- 2813 Manufacture of other pumps and compressors29
- 2892 Manufacture of machinery for mining, quarrying and construction27
- 2894 Manufacture of machinery for textile, apparel and leather production27
- 2842 Manufacture of other machine tools13
- 2814 Manufacture of other taps and valves13
Frequently asked questions
How many Manufacture of machinery and equipment n.e.c. companies are there in Belgium?
1,613 Belgian companies whose main activity falls under NACE code 28 (Manufacture of machinery and equipment n.e.c.) have filed annual accounts with the National Bank.
What is the median solvency in Manufacture of machinery and equipment n.e.c.?
For financial year 2024, median solvency (equity over total assets) is 45.0%. The middle half of companies lies between 22.2% and 68.4% (1,497 companies).
What is the largest company in Manufacture of machinery and equipment n.e.c.?
By total assets, it is Atlas Copco Airpower (€9.68bn, financial year 2025).
Where are Manufacture of machinery and equipment n.e.c. companies based?
The municipalities with the most: Roeselare (26), Antwerp (21), Izegem (18).
Analyse companies in Manufacture of machinery and equipment n.e.c.
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 14 Nov 2026.