Some 800 Belgian high-growth companies generate private sector employment

Friday, 01 February 2019 15:51
Some 822 Belgian high-growth enterprises, have created 45,947 jobs between 2014 and 2017.
Therefore only a very small minority – 3.5% of businesses have thus contributed to the creation of 67% of total net job creation in Belgian businesses, with a minimum of ten workers. The findings are reported on Friday, in L'Echo, which is relaying a survey carried out by the Vlerick Business School.

An OECD classification gives a high-growth enterprise as one with at least 10 employees, which sees annualised growth in the number of its employees increase by at least 20% over a three-year period.

In Belgium such high-growth enterprises have, on average, initially around 40 employees, with the figure increasing to around 100 at the end of a three-year period.

These businesses are particularly active in the IT and Communications sectors, and are mainly located in Brussels and the Antwerp province.

Lars Andersen
The Brussels Times
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