The “Paardenmonitor” study reveals that Flanders hosts around 200,000 horses, with 75,000 at professional establishments and 125,000 privately owned. The sector employs over 6,000 people directly and indirectly, including veterinarians and farriers, generating a substantial €1.43 billion in turnover. Annually, more than €200 million worth of horses, mainly high-quality sport horses averaging €50,000 each, are exported, particularly to the U.S., cementing Belgium and Flanders as prominent players in the international horse market.

Despite this economic significance, profitability varies widely. Just over half of riding schools, breeding farms, and livery stables turn a profit, with many operating out of passion rather than profit. Larger, professional breeding farms fare better, with about 80% profitable and driving most exports. While the sector is robust and internationally competitive, concerns remain as many smaller businesses struggle financially, highlighting a divide between passion-driven and profit-driven operations.