Belgium: SME share in value added 2021

SMEs in Belgium had a large impact on the non-financial business economy in the country in 2021, as they generated roughly 58 percent of total value added. The source mentions this was well above the average in the EU-28, which was 51.8 percent during that same year. The SME sector in Belgium is called kmo in Belgian Dutch or PME in French. As of 2018, there were approximately 1.2 million SMEs in the country, not counting businesses in agriculture. More than 50 percent of these were located in the region of Flanders.

Share of small and medium-sized enterprises (SMEs) in total value added in Belgium from 2011 to 2021

Characteristic	Micro (0-9 employees)	Small (10-49 employees)	Medium-sized (50-249 employees)
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-

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Release date

June 2022

More information

Region

Belgium

Survey time period

2011 to 2021

Special properties

Non-financial business economy only, excluding agricultural sector and non-market service sectors

Supplementary notes

The figures have been taken from several publications.

Data are DIW Econ estimates for 2018, based on 2008-2016 Eurostat figures. The source adds the following information: "The data cover the ‘non-financial business economy’, which includes industry, construction, trade, and services (NACE Rev. 2 sections B to J, L, M and N), but not enterprises in agriculture, forestry and fisheries and the largely non-market service sectors such as education and health. The following size-class definitions are applied: micro firms (0-9 persons employed), small firms (10-49 persons employed), medium-sized firms (50-249 persons employed), and large firms (250+ persons employed)."

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