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Sectors

Sector guides

Sector-specific guides on how Benelux SMEs are valued and acquired. Each guide carries the latest multiples, the dynamics that drive deal value in that sector, the typical buyer pool, and the valuation quirks that surface in DD.

  • IT services & software

    BE 5.2x · NL 5.6x

    IT-services and software SMEs span a wide arc — from 5-person dev shops to 200-headcount managed-service providers. Benelux IT-services businesses cluster around the Brussels-Amsterdam-Eindhoven corridor with strong sub-clusters in Ghent (life-sciences IT), Leuven (university spin-offs) and the Hague-Utrecht axis (financial-services IT).

  • Industrial manufacturing

    BE 3.9x · NL 4.1x

    Industrial manufacturing SMEs in the Benelux concentrate in metalworking, plastics, automotive supply, and food processing. The geographic spine runs Antwerp–Eindhoven–Brabant for general manufacturing, with Limburg and Charleroi as legacy heavy-industry zones.

  • Restaurants & food service

    BE 2.8x · NL 2.9x

    Food-service SMEs span restaurants (independent and chain), catering, food production, and hospitality-adjacent food retail. Benelux concentration sits in Brussels, Antwerp, Bruges (tourism-driven), Amsterdam, and along the coastal strip.

  • Wholesale & distribution

    BE 3.7x · NL 3.9x

    Wholesale and distribution SMEs in the Benelux span food wholesale, building-materials distribution, industrial supply, and consumer-goods distribution. Geographic concentration is on the Antwerp-Rotterdam-Eindhoven logistics axis with strong sub-clusters in Aalst (food), Sint-Niklaas (industrial supply), and Tilburg (logistics).

  • Healthcare & medical practice

    BE 5.5x · NL 5.8x

    Healthcare SMEs in the Benelux include private medical practices (dental, dermatology, physiotherapy), specialised clinics, medical-device distribution, and care-home operators. Geographic spread is even because demand follows population, but transaction concentration sits in Brussels, Antwerp, Ghent, Amsterdam, and Utrecht.

  • Construction & contracting

    BE 3.5x · NL 3.6x

    Construction SMEs in the Benelux span residential builders, commercial contractors, civil-engineering subcontractors, and specialised trades (electrical, HVAC, finishing). Geographic spread is even — the sector follows population and project density.

  • Transport & logistics

    BE 3.8x · NL 4.0x

    Transport and logistics SMEs in the Benelux concentrate on the Antwerp-Rotterdam-Eindhoven corridor, with specialised sub-clusters in cold-chain (West Flanders, Brabant), express last-mile (urban hubs), and freight forwarding (port cities). Typical revenue ranges €2m to €50m.

  • Professional services (legal, accounting, consulting)

    BE 4.7x · NL 5.0x

    Professional-services SMEs cover legal practices, accounting and tax firms, management consulting, engineering consulting, and recruitment. The sector is partner-led: ownership and operational value sit with named individuals who carry client relationships.

  • Retail (non-food)

    BE 3.2x · NL 3.3x

    Non-food retail SMEs in the Benelux span clothing and fashion, electronics, lifestyle, specialty stores (bookshops, hobby, home decor), and consumer-goods chains. Brick-and-mortar dominates the historical footprint but every viable 2026 SME also has an e-commerce component — pure-offline retailers without online presence cluster at the lower end of the multiple range.

  • Marketing & creative agency

    BE 4.3x · NL 4.5x

    Marketing and creative agency SMEs in the Benelux cover full-service agencies, digital specialists (SEO, performance, social), PR firms, branding studios, and media-buying shops. Typical revenue ranges €600k for boutique studios to €20m for established mid-sized agencies.

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