Sector · NACE 64

Financial service activities, except insurance and pension funding

27,814 Belgian companies whose main activity falls under NACE code 64 have filed annual accounts. Their median solvency is 55.4% for financial year 2025.

Companies27,814
Median solvency55.4%
Median equity337,688 €
Median headcount (FTE)0.7
Founded in the last 3 years2,856

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 22.6%55.4%83.7% 25,697
Current ratio 0.351.103.31 24,622
ROE 0.4%10.1%34.7% 23,786
Equity 69,021 €337,688 €€1.74m 26,036
Total assets 264,215 €931,428 €€3.75m 25,802
Net result −982 €31,798 €129,350 € 25,992
Headcount (avg FTE) 0.00.72.5 5,201

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: Financial service activities, except insurance and pension funding

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

#Company Total assetsRevenue EquityFTEYear
1 KBC Groupe 1080 Molenbeek-Saint-Jean €39.7bn €107.5m €15.3bn 633.9 2025
2 J.C. General Services 2340 Beerse €36.8bn €68.8m €6.94bn 72.4 2025
3 Bass Master Issuer 1000 Brussels €22.6bn — 62,000 € — 2025
4 Groupe Bruxelles Lambert 1000 Brussels €13.3bn €12.8m €11.0bn 49.4 2025
5 ageas SA/NV 1210 Saint-Josse-ten-Noode €13.0bn — €5.95bn — 2025
6 U C B 1070 Anderlecht €12.5bn — €9.16bn 207.2 2025
7 Vlaamse Maatschappij voor Sociaal Wonen 1000 Brussels €12.4bn 343,301 € €1.81bn — 2025
8 Alpha Credit 1000 Brussels €11.9bn €780.1m €94.9m 455.0 2025
9 Societe Federale de Participations et d'Investissement 1050 Brussels €11.7bn — €11.4bn 38.4 2025
10 Volkswagen International Belgium 1050 Brussels €11.1bn €8.80m €150.0m 41.4 2025
11 Syensqo 1130 Brussels €11.1bn — €7.63bn — 2025
12 Vinci Finance International 1050 Brussels €10.9bn — €5.44bn 4.0 2025
13 Vlaams Woningfonds 1000 Brussels €10.0bn 356,653 € €270.0m 131.2 2025
14 Wise Europe 1050 Ixelles €9.82bn €434.0m €36.4m 38.8 2026
15 BNP Paribas Fortis Factor 1000 Brussels €9.11bn €47.7m €181.3m 195.2 2025
16 Ageas Insurance International NV 1210 Saint-Josse-ten-Noode €8.71bn — €7.23bn — 2025
17 Mercurius Funding 1210 Saint-Josse-ten-Noode €8.18bn — 62,000 € — 2025
18 Azelis Finance 2600 Antwerp €7.68bn 867,888 € €5.85bn 4.8 2025
19 EDF Investissements Groupe 1050 Ixelles €7.59bn — €7.35bn 3.2 2025
20 Engie Energy Services International 1000 Brussels €7.45bn — €3.40bn — 2025

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

Where are they based?

  • Antwerp6,125
  • West Flanders5,083
  • East Flanders4,405
  • Limburg3,239
  • Brussels-Capital2,709
  • Flemish Brabant2,330
  • Liège1,250
  • Hainaut1,157
  • Walloon Brabant748
  • Namur442
  • Luxembourg288

Municipalities with the most

Financial service activities, except insurance and pension funding: 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 LargestRevenueEmployers
Namur province LargestRevenueEmployers

Sub-sectors

Frequently asked questions

How many Financial service activities, except insurance and pension funding companies are there in Belgium?

27,814 Belgian companies whose main activity falls under NACE code 64 (Financial service activities, except insurance and pension funding) have filed annual accounts with the National Bank.

What is the median solvency in Financial service activities, except insurance and pension funding?

For financial year 2025, median solvency (equity over total assets) is 55.4%. The middle half of companies lies between 22.6% and 83.7% (25,697 companies).

What is the largest company in Financial service activities, except insurance and pension funding?

By total assets, it is KBC Groupe (€39.7bn, financial year 2025).

Where are Financial service activities, except insurance and pension funding companies based?

The municipalities with the most: Ixelles (548), Brussels (529), Antwerp (464).

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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 12 Nov 2026.