Sector · NACE 7020

Business and other management consultancy activities

53,134 Belgian companies whose main activity falls under NACE code 7020 have filed annual accounts. Their median solvency is 55.6% for financial year 2025.

Companies53,134
Median solvency55.6%
Median equity103,744 €
Median headcount (FTE)0.8
Founded in the last 3 years7,776

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 23.6%55.6%78.8% 49,327
Current ratio 0.821.723.88 48,971
ROE 4.5%23.0%62.2% 45,435
Equity 25,854 €103,744 €346,630 € 50,139
Total assets 92,153 €242,347 €747,569 € 49,580
Net result 2,390 €28,443 €76,554 € 50,084
Headcount (avg FTE) 0.00.82.3 5,779

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: Business and other management consultancy activities

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

#Company Total assetsRevenue EquityFTEYear
1 Argentum Cedit Virtuti 2910 Essen €2.34bn €6.94m €2.25bn 27.3 2025
2 Hameur Belgique 1040 Etterbeek €2.11bn — €2.06bn — 2025
3 Belhyperion 1180 Uccle €1.99bn €2.20m €1.43bn 6.7 2025
4 Nayarit Participations 1190 Forest €1.85bn 550,342 € €1.79bn 9.1 2025
5 Eurogrid International 1000 Brussels €1.64bn 610,846 € €1.64bn 3.1 2025
6 Oostiep Group 8710 Wielsbeke €1.40bn — €1.37bn — 2025
7 MAD Advising 1050 Ixelles €1.34bn — €1.34bn — 2025
8 WorxInvest Subholding 2000 Antwerp €1.15bn — €1.15bn — 2025
9 SD Worx People Solutions 2000 Antwerp €1.08bn — €325.2m — 2025
10 Weerts Group 3700 Tongeren-Borgloon €918.4m €4.30m €589.2m 0.7 2025
11 Stephenson 8300 Knokke-Heist €826.8m — €800.0m 0.9 2025
12 I4F Licensing 2300 Turnhout €684.0m €53.1m €512.3m 18.3 2025
13 Drakkar Group 1050 Ixelles €655.1m €37.9m €482.3m 7.0 2025
14 Thomas & Piron Holding 6852 Paliseul €574.6m €12.0m €156.6m 39.1 2025
15 DB SAF Pillar Belgium Holdco 1831 Machelen (Brab.) €540.6m — €453.3m — 2025
16 Randstad Group Belgium 1853 Grimbergen €514.5m €242.8m €193.8m 1,909.3 2025
17 Ipcom 9090 Merelbeke-Melle €487.5m €9.36m €86.4m 18.6 2025
18 Future Topco 1200 Woluwe-Saint-Lambert €463.3m — €463.1m — 2025
19 Gerefis 1331 Rixensart €443.8m €2.95m €439.8m 1.6 2025
20 Cigna Elmwood Holdings 2140 Antwerp €416.7m — €395.2m — 2025

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

See all 53,134 companies, full list →

Where are they based?

  • Antwerp10,197
  • Brussels-Capital8,136
  • East Flanders7,430
  • Flemish Brabant7,354
  • West Flanders4,853
  • Walloon Brabant4,032
  • Liège3,669
  • Limburg3,105
  • Hainaut2,532
  • Namur1,471
  • Luxembourg334

Municipalities with the most

Related sectors

← The whole Activities of head offices and management consultancy sector (NACE 70)

Frequently asked questions

How many Business and other management consultancy activities companies are there in Belgium?

53,134 Belgian companies whose main activity falls under NACE code 7020 (Business and other management consultancy activities) have filed annual accounts with the National Bank.

What is the median solvency in Business and other management consultancy activities?

For financial year 2025, median solvency (equity over total assets) is 55.6%. The middle half of companies lies between 23.6% and 78.8% (49,327 companies).

What is the largest company in Business and other management consultancy activities?

By total assets, it is Argentum Cedit Virtuti (€2.34bn, financial year 2025).

Where are Business and other management consultancy activities companies based?

The municipalities with the most: Ixelles (1,422), Uccle (1,306), Brussels (1,048).

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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.