Sector · NACE 28

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.

Companies1,613
Median solvency45.0%
Median equity364,244 €
Median headcount (FTE)7.0
Founded in the last 3 years64

Sector medians

Computed by Idonis

Distribution 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.

Indicator1st quartileMedian3rd quartileCompanies
Solvency 22.2%45.0%68.4% 1,497
Current ratio 1.091.682.91 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) 2.07.022.4 951

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 assetsRevenue EquityFTEYear
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.

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.

AreaTotal assetsRevenueHeadcount
Flanders LargestRevenueEmployers
Wallonia LargestRevenueEmployers
Brussels LargestRevenueEmployers
Antwerp province LargestRevenueEmployers
Flemish Brabant LargestRevenueEmployers
Limburg LargestRevenueEmployers
East Flanders LargestRevenueEmployers
West Flanders LargestRevenueEmployers
Walloon Brabant LargestRevenueEmployers
Hainaut LargestRevenueEmployers
Liège province LargestRevenueEmployers
Luxembourg province Largest—Employers
Namur province Largest—Employers

Sub-sectors

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).

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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.