Sector · NACE 6812

Development of building projects

9,231 Belgian companies whose main activity falls under NACE code 6812 have filed annual accounts. Their median solvency is 22.7% for financial year 2024.

Companies9,231
Median solvency22.7%
Median equity94,912 €
Median headcount (FTE)0.5
Founded in the last 3 years727

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 1.3%22.7%58.6% 8,346
Current ratio 0.711.232.76 8,061
ROE -6.3%3.4%24.9% 6,472
Equity 5,083 €94,912 €463,101 € 8,426
Total assets 205,968 €729,525 €€2.51m 8,396
Net result −20,988 €527 €36,101 € 8,402
Headcount (avg FTE) 0.00.51.6 1,409

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: Development of building projects

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

#Company Total assetsRevenue EquityFTEYear
1 Maatschappij TOT Exploitatie VAN Immobilien 8790 Waregem €1.11bn €28.3m €327.2m 83.8 2025
2 "Immobel" OU "Compagnie Immobiliere DE Belgique " OU " Immobilien Vennootschap VAN Belgie" 1000 Brussels €960.2m €15.7m €322.0m 21.2 2025
3 Autonoom Gemeentebedrijf Voor Vastgoedbeheer EN Stadsprojecten - Vespa 2018 Antwerp €618.6m €120.1m €310.8m 154.8 2025
4 Abacus Invest 8790 Waregem €618.4m — €571.6m — 2025
5 Vivendo 8000 Bruges €605.9m €44.9m €120.0m 75.1 2025
6 LeefGoed 2440 Geel €570.8m €35.3m €92.5m 86.6 2025
7 Redevco Belgium 1930 Zaventem €561.8m €130.8m €491.9m 28.8 2025
8 Woonboog 2300 Turnhout €520.1m €38.6m €37.5m 65.4 2025
9 SPI 4000 Liège €484.9m €20.8m €221.4m 105.2 2025
10 Alides Real Estate Investment AND Management 9000 Ghent €461.6m €80.4m €272.7m 33.8 2025
11 Multifin 1050 Ixelles €435.6m 5,000 € €254.3m — 2025
12 Morgan Invest 1000 Brussels €400.7m — €44.3m 1.7 2025
13 Vopak Belgium 2040 Antwerp €383.6m — €368.2m 38.8 2025
14 Imocobel 1380 Lasne €383.3m 127,004 € €274.3m 2.9 2025
15 Ghelamco Invest 8900 Ypres €373.0m €38.6m €91.2m — 2025
16 Centr'Habitat 7100 La Louvière €370.9m €29.4m €188.4m 78.6 2025
17 Weerts Logistic Parks Holding 3700 Tongeren-Borgloon €332.9m — €124.1m — 2025
18 Toit & moi, immobilière sociale de la région montoise 7011 Mons €318.8m €25.9m €50.4m 106.5 2025
19 BESIX Real Estate Development 1200 Woluwe-Saint-Lambert €296.5m €11.8m €129.7m 27.3 2025
20 Alides Properties 9000 Ghent €273.7m €16.6m €108.3m 3.7 2025

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

Where are they based?

  • Antwerp1,613
  • West Flanders1,516
  • East Flanders1,300
  • Brussels-Capital973
  • Limburg956
  • Flemish Brabant831
  • Liège681
  • Hainaut535
  • Walloon Brabant431
  • Namur293
  • Luxembourg102

Municipalities with the most

Related sectors

← The whole Real estate activities sector (NACE 68)

Frequently asked questions

How many Development of building projects companies are there in Belgium?

9,231 Belgian companies whose main activity falls under NACE code 6812 (Development of building projects) have filed annual accounts with the National Bank.

What is the median solvency in Development of building projects?

For financial year 2024, median solvency (equity over total assets) is 22.7%. The middle half of companies lies between 1.3% and 58.6% (8,346 companies).

What is the largest company in Development of building projects?

By total assets, it is Maatschappij TOT Exploitatie VAN Immobilien (€1.11bn, financial year 2025).

Where are Development of building projects companies based?

The municipalities with the most: Hasselt (203), Ixelles (196), Brussels (194).

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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 10 Oct 2026.