High-growth enterprises in the market sector

Sharpest employment growth in the cleaning industry, temporary work agencies and the computing sector

Enterprises
Sharpest employment growth in the cleaning industry, temporary work agencies and the computing sector

In 2018, there were just over 2,000 so-called high-growth enterprises in the sector of manufacturing and market services*. A high-growth enterprise is an enterprise with more than 10 employees and an annual growth of this staff of more than 10 % over the last three years. The growth is adjusted for jobs from the takeover of other enterprises. This is an organic growth.

These high-growth enterprises employed just over 124,000 employees in 2018.

Sectors with the most high-growth enterprises are “Cleaning activities” (187 enterprises), “Computer programming, consultancy and related activities” (122 enterprises), “Freight transport by road and removal services” (110 enterprises) and “Restaurants and mobile food service activities” (108 enterprises).
The fastest growing sectors employing the most employees are “Cleaning activities” (18,951 employees), temporary work agencies (11,998 employees) and “Computer programming, consultancy and related activities” (8,459 employees).

(*) Manufacturing and market services, excluding holdings and excluding profit organisations in education / human health and social work activities / arts, entertainment and recreation / other service activities (NACE P-S).

Remark

The year 2018 is marked by a methodological change with the complete introduction of the concept of enterprise based on the groups of enterprises. The whole explanation is available on our documents page.

Table
Content

High-growth enterprises in the market sector (growth of 10 % or more) and employment by NACE Rev.2 - latest year

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The statistic on high-growth enterprises in the market sector provides information on the number and the total employment according to the activity. A high-growth enterprise is an enterprise with more than 10 employees in the reference year T which registers an average annual 10 % growth over the three following years. The growth is adjusted for jobs from the takeover of other enterprises during the three-years window. This is an organic growth.

An enterprise is considered to be a high-growth enterprise in the year T if the 3 following conditions are ALL fulfilled:

  • it is not a birth in the year T-3.
  • it has more than 10 employees in the year T-3. This threshold is used to avoid including very small companies with high growth from 2 to 5 employees for example.
  • this enterprise has a growth of more than 10 % over the period of 3 years. This is obtained by the following formula:

High-growth formula

It should be noted that the calculation of employment in T excludes employees from any takeover by the enterprise during the period [T-3 ;T]. So, when an acquisition is recorded over the period [T-3 ;T], we subtract from the number of employees in T the number of employees of the enterprise taken over at the time of the acquisition.

Population

Nace rev.2 B to N, K and S95.