Competition is a complex and hard-to-measure phenomenon. Nevertheless, it is a central concept in the economy and should be adjusted in the event that its course appears to be problematic. This study aims at grasping the intensity and the evolution of competition in Belgium in relation to other EU Member States and is based on eight benchmarks, each of which measures one specific feature of competition. Approximately half of those benchmarks have evolved favourably over the past decade. That was also the case for other member states, as a result of which Belgium’s relative position in terms of competition did not improve. For Belgium, two crucial benchmarks displayed an unfavourable evolution: prices, which strongly increased with regard to other Member States, and, in their wake, price/cost margins.