Land transport and transport via pipelines
12,393 Belgian companies whose main activity falls under NACE code 49 have filed annual accounts. Their median solvency is 37.9% 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 | 14.8% | 37.9% | 63.0% | 10,187 |
| Current ratio | 0.74 | 1.22 | 2.19 | 10,063 |
| ROE | 1.0% | 13.1% | 35.8% | 8,798 |
| Equity | 13,305 € | 62,355 € | 278,387 € | 10,299 |
| Total assets | 61,806 € | 207,715 € | 774,642 € | 10,275 |
| Net result | −1,922 € | 9,051 € | 39,733 € | 10,281 |
| Headcount (avg FTE) | 2.0 | 5.6 | 15.5 | 4,489 |
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: Land transport and transport via pipelines
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 | Société Nationale des Chemins de Fer Belges 1060 Saint-Gilles | €13.1bn | €2.62bn | €8.05bn | — | 2025 |
| 2 | Societe des Transports Intercommunaux de Bruxelles 1000 Brussels | €3.47bn | €240.6m | €3.00bn | 10,277.5 | 2025 |
| 3 | Vlaamse Vervoermaatschappij - De Lijn 2800 Mechelen | €3.09bn | €1.42bn | €2.25bn | 7,637.1 | 2025 |
| 4 | Operateur de Transport de Wallonie 5100 Namur | €1.91bn | €66.4m | €877.2m | 6,183.2 | 2025 |
| 5 | Katoen Natie 2060 Antwerp | €1.30bn | €25.7m | €488.0m | 40.7 | 2025 |
| 6 | THI Factory 1060 Saint-Gilles | €671.7m | €936.0m | €425.9m | 363.2 | 2025 |
| 7 | HR Rail 1060 Saint-Gilles | €549.4m | €2.37bn | €28.3m | 27,811.0 | 2025 |
| 8 | Bus de Polder 2030 Antwerp | €458.8m | €29.6m | €54.4m | 170.6 | 2025 |
| 9 | Henri Essers en Zonen Internationaal Transport 3600 Genk | €339.5m | €537.9m | €21.1m | 932.3 | 2025 |
| 10 | Lineas 1030 Schaerbeek | €290.1m | €431.9m | €55.0m | 841.2 | 2025 |
| 11 | Lineas Group 1030 Schaerbeek | €263.0m | 14,491 € | €177.2m | — | 2025 |
| 12 | DPD (Belgium) 1800 Vilvoorde | €242.3m | €268.1m | €82.6m | 576.5 | 2024 |
| 13 | Northern Diabolo 1800 Vilvoorde | €211.1m | €56.3m | −€90.2m | — | 2025 |
| 14 | Warehousing & Warehouse Related Services Belgium 2100 Antwerp | €172.8m | €23.5m | €123.9m | 19.3 | 2025 |
| 15 | Ghent Handling and Distribution 9042 Ghent | €172.1m | €117.1m | €129.3m | 532.7 | 2025 |
| 16 | Sitra Invest 8900 Ypres | €128.0m | €15.2m | €8.81m | 128.0 | 2025 |
| 17 | H. Essers Transport Company 3600 Genk | €127.1m | €98.6m | €64.6m | 654.3 | 2025 |
| 18 | Xwift 9810 Nazareth-De Pinte | €111.5m | €54.3m | 948,956 € | 372.7 | 2025 |
| 19 | Vandemoortele Transport Solutions 8870 Izegem | €109.6m | €106.7m | €63.0m | 35.1 | 2025 |
| 20 | DSV Road Real Estate 2030 Antwerp | €100.7m | €230.1m | €54.2m | 512.2 | 2024 |
Where are they based?
Municipalities with the most
Land transport and transport via pipelines: 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 | Revenue | Employers |
| Namur province | Largest | Revenue | Employers |
Sub-sectors
- 4941 Freight transport by road8,082
- 4933 On-demand passenger transport service activities by vehicle with driver2,255
- 4932 Non-scheduled passenger transport by road858
- 4931 Scheduled passenger transport by road580
- 4942 Removal services505
- 4920 Freight rail transport51
- 4950 Transport via pipeline39
- 4911 Passenger heavy rail transport14
Frequently asked questions
How many Land transport and transport via pipelines companies are there in Belgium?
12,393 Belgian companies whose main activity falls under NACE code 49 (Land transport and transport via pipelines) have filed annual accounts with the National Bank.
What is the median solvency in Land transport and transport via pipelines?
For financial year 2024, median solvency (equity over total assets) is 37.9%. The middle half of companies lies between 14.8% and 63.0% (10,187 companies).
What is the largest company in Land transport and transport via pipelines?
By total assets, it is Société Nationale des Chemins de Fer Belges (€13.1bn, financial year 2025).
Where are Land transport and transport via pipelines companies based?
The municipalities with the most: Anderlecht (371), Molenbeek-Saint-Jean (361), Brussels (324).
Analyse companies in Land transport and transport via pipelines
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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 13 Nov 2026.