The Belgian market is one of the top fifteen in terms of the number of active companies (approximately 2,480,000).
With a very important economic stability, steady growth over the years and a GDP that makes it the eighth largest market in Europe, Belgium can be very attractive for many business activities.
From the graph above we can see the market segmentation of the sector. The Professional, Scientific, and Technical Services is the most developed sector with around 15,64% of all the market.
The second largest sector of the nation is the Retail Trade with 11,26% and the third sector for dimension is the Construction with 10,50%.
The Professional, Scientific, and Technical Services sector comprises establishments that specialize in performing professional, scientific, and technical activities for others. Activities performed include: legal advice and representation; accounting, bookkeeping, and payroll services; architectural, engineering, and specialized design services; computer services; consulting services; research services; advertising services; photographic services; translation and interpretation services; veterinary services; and other professional, scientific, and technical services.
The Retail Trade sector comprises establishments engaged in retailing merchandise, generally without transformation, and rendering services incidental to the sale of merchandise. The retailing process is the final step in the distribution of merchandise; retailers are, therefore, organized to sell merchandise in small quantities to the general public. This sector comprises two main types of retailers: store and nonstore retailers.
The Construction sector comprises establishments primarily engaged in the construction of buildings or engineering projects (e.g., highways and utility systems). Establishments primarily engaged in the preparation of sites for new construction and establishments primarily engaged in subdividing land for sale as building sites also are included in this sector.
In view of the above, Belgium represents an interesting market for business development. Thanks to its financial stability it is therefore possible to find healthy companies to create important long-term relationships with.