NACE-BELClass

NACE-BEL 68.12—Development of building projects

Class · Nomenclature of Economic Activities (Belgium) (2025)

Where 68.12 sits

  1. M Real estate activities
  2. 68 Real estate activities
  3. 68.1 Real estate activities with own property and development of building projects
  4. 68.12 Development of building projects

Contains 2 narrower codes

What 68.12 includes

  • Real estate development activities for the construction of residential and non-residential buildings or civil engineering works, by pooling the financial, technical, and human resources necessary for the completion of real estate projects intended for subsequent sale;
  • The subdivision and improvement of land owned outright for subsequent sale
  • The redevelopment of residential and non-residential building projects owned by the owner or civil engineering works aimed at carrying out construction projects for subsequent sale

What 68.12 excludes

  • The construction of residential and non-residential buildings, see Division 41
  • The complete fitting out or renovation of existing residential or non-residential buildings involving several specialized construction activities, see Division 41
  • Painting and glazing activities as part of maintenance, see 43.34
  • Construction activities related to land improvement, see Section F
  • The development of construction projects for own use, i.e., for the rental of space in these buildings, see 68.20
  • Architectural and engineering activities, see 71.1
  • The provision of architectural or engineering services for construction projects, see 71.1

68.12 in other systems

ANZSICAustralia · New Zealand
CNAESpain
JSICJapan
SICUnited States (legacy)

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