RESEARCH & INSIGHTS

Data, analyses, trends of the Belgian economic fabric.

★ SPECIAL EDITION · 08 SEPT 2026

Economic report 2026: margins up, profits down, a country split in two

500,000 sets of 2025 accounts under the microscope: SME gross margin up 5%, national profit down 16%, concentrated in around ten large accounts, and a boom in new businesses, just no longer as companies. The state of Belgian business, region by region.

AK
Aurélien Kinet · Founder · Rovalta · 14 min
1.19m
active legal entities
500,419
2025 accounts filed
+5.2%
combined gross margin 2025
25.9%
of companies loss-making
Data · 12 min

Belgian start-ups: what their accounts really say

325 funded start-ups, €3.6bn of capital, €773m of losses in a year. Who is growing, who is burning cash, who has exited and who is in the red zone: the Belgian tech and biotech scene, read through its annual accounts.

Aurélien Kinet · 08 Sept 2026
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