Koen Batsleer shared his presentation for the The Belgian Workspace Association conference revealing that the flex sector now represents nearly 4% of Belgium’s total office market with over 544 locations totaling 949,532 sqm.

The market experienced exponential growth exceeding 10-15% annually from 2012 until COVID-19 and the energy crisis halted expansion from 2021-2024, but 2025 shows renewed growth above 10% with locations becoming larger and more profitable. Market turnover reached €400M in 2024, representing 19% year-over-year growth, while EBITDA increased to nearly €76M with margins approaching 20%, marking a full recovery from the over €10M losses experienced in 2020.

Similar to many discussions we have here at TWIC, the analysis advocates for management contracts between operators and landlords as a risk-sharing model that could make operators 20% more competitive while reducing landlord net rent by only 10%.

Koen Batsleer, the co-owner of OFFICENTER shared data collected over the last 10 years that show 2x growth of the coworking market. With over 500 spaces, space defined as serviced office now makes up 3.3% of total office space in the country.