Some 800 Belgian high-growth companies generate private sector employment
Friday, 01 February 2019
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.