High-growth enterprises in the market sector

Many cleaning service enterprises are experiencing strong employment growth

Enterprises
Many cleaning service enterprises are experiencing strong employment growth

In 2017, there were 2,997 “high-growth” enterprises in the market sector. 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.

In total, these high-growth enterprises employed in 2017 253,990 employees.

The sectors with the most high-growth enterprises are “Cleaning activities” (216 enterprises), “Computer programming, consultancy and related activities” (195 enterprises), “Freight transport by road and removal services” (129 enterprises) and “Restaurants and mobile food service activities” (121 enterprises).

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 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.