Belgian start-ups in Artificial Intelligence

Michel Dumont and Glenn Rayp

MPRA Paper from University Library of Munich, Germany

Abstract: We attempt to map out as comprehensively as possible the Belgian companies that offer goods or services with an AI component. The 744 Belgian AI start-ups that we identified (founded since 2010) appear, in comparison with non-AI start-ups, to focus primarily on revenue growth, which is often accompanied by a sharp increase in the number of employees. On the other hand, many of the AI start-ups are not yet profitable, especially those with venture capital. AI start-ups without venture capital are overrepresented in the very small group of the most successful Belgian start-ups, which have high turnover, many employees and are very profitable.

Keywords: Artificiak Intelligence; start-ups; Belgium (search for similar items in EconPapers)
JEL-codes: D22 D83 L25 L26 O14 O33 (search for similar items in EconPapers)
Date: 2025-11-25
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:126994

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