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The aim of this thesis is to examine the relation between human capital and firm performance of Belgian corporate firms, specifically in crisis times. Human capital is defined as the sum of experience, education, skills and competencies held by employees of a firm. Based on the extant literature on the influence of human capital on firm performance, a positive significant relation is hypothesized. Besides, this effect is speculated to be higher in crisis times compared to ordinary times. Empirical evidence is gathered from an unbalanced panel data consisting of 284,559 observations of Belgian corporate firms dating from 2002 to 2015. The findings, resulting from a fixed effects regression model, support the hypothesis that human capital affects firm performance of Belgian corporate companies positively. Nonetheless, the evidence does not validate the suspected incremental effect of human capital on corporate performance in crisis times. This thesis contributes to the sparse literature on the impact of human capital on firm performance in Belgium and introduces a more complex method to analyze the prognosed relation, being the two-step generalized method of moments approach.