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Manufacture of beverages

NACE 11040 · division 11 Beverages
Current registrations 59division 11: 1,377
Starters, 12 months 58.5 per 100 · Belgium 8.9
Employment (FTE) 22 employers · latest accounts
Median age 6.0 yearsBelgium 8.1 years
E-invoicing via Peppol 79.7%47 of 59 companies in the Peppol Directory · Belgium 85.0%

No bankruptcy in the past five years.

Spread across the country

by region and province · 32 of 59 enterprises with a registered office on file · a sole trader has no published seat
  • Wallonia 13 · 40.6%
  • Flanders 13 · 40.6%
  • Brussels 5 · 15.6%
  • Abroad 1 · 3.1%
fewer moremax 7

The balance sheets of division 11 on the map, by municipality and down to the address

Largest employers

NACE 11040 as first main activity · staff from the latest accounts
  1. 1 Living ForestArlon 1.4 FTEfinancial year 2025
  2. 2 Vins et Elixirs de FranchimontTheux 0.7 FTEfinancial year 2025

Companies

59 with this main activity

Joint committees

from the latest accounts of 8 companies
  • 220 White-collar workers in the food industry 3
  • 118 Food industry 2
  • 119 Food trade 2
  • 302 Hotels and catering 2
  • 144 Agriculture 1
  • 200 Auxiliary committee for white-collar workers 1
  • 201 Independent retail 1

Source: the annual accounts at the National Bank. One filing can name more than one committee.

Division 11: Beverages

Related activities

6 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Manufacture of beer11050 718 28 7 6,489
Manufacture of beverages11010 269 21 0 462
Manufacture of beverages11020 186 15 0 104
Manufacture of beverages11070 98 7 0 1,462
Manufacture of beverages11030 48 3 0 40
Manufacture of beverages11060 8 0 0 139

Filed accounts of the division

NACE division 11 · financial year 2025 · 671 filed annual accounts
Median solvency
22.0%
Belgium 46.1%
Median net result
-€1,284
Belgium €16,516
Median equity
€36,176
Belgium €98,395
Loss-making
53.7%
Belgium 26.7%
Negative equity
30.0%
Belgium 12.4%
Median return on equity
2.6%
Belgium 15.9%
Median liquidity
1.24
Belgium 1.66
Filed late
43.1%
financial year 2024, 606 filings · Belgium 38.4%
Missing or 90 days late
5.0%
of 738 companies with annual accounts · Belgium 5.4%
Per financial year20182019202020212022202320242025
Median solvency --25.9%25.3%24.7%23.5%22.7%20.7%
Median net result --€709€2,856€1,111-€2,357-€1,722-€1,546
Filed late 42.4%50.7%47.4%48.0%47.5%44.6%43.1%-

Hold your customer's or competitor's figures against them in the Sector benchmark

Bankruptcies per year in division 11

Per year201520162017201820192020202120222023202420252026
Bankruptcies144244237171412
Jobs lost14425232313194322

2026 through September. Every bankruptcy, also of companies that have since left the register. Source: Statbel (Directorate-General Statistics), NACE classification of 2008.

Staff cost per FTE in NACE division 11

147 employers
Median
€65,200
Belgium €61,400
Middle half
€54,300 to €76,900
half of the employers lie between
Place among sectors
42 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €54,400 €45,000 to €63,200 62
10 to 49 FTE €68,600 €61,400 to €77,700 60

Employers with the highest staff cost per FTE in this division All sectors by staff cost In the Analysis workbench

7 of the 921 companies in NACE division 11 have a parent company abroad. Main parent countries: Netherlands (3), Denmark (2) and France (2). Together they employ 851 of the division's 8,717 FTE: 9.8%, against 14% for Belgium as a whole.

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €15.6m awarded 151 recipients · 2022 to 2025 · largest: Procedure groene warmte, restwarmte en energie-efficiënte stadsverwarming
  • EU budget €1.4m attributed share 2 recipients · 2022 to 2023 · largest: Programme for Environment and Climate Action
  • EU research €80,000 EU contribution 1 recipient · 2016 · largest: Horizon 2020

Explore every recipient in this sector

Insights on Manufacture of beverages

Inflow and structure. Wallonia holds 41.9% of the seats, against 22.7% in Belgium. Half of the companies are younger than 6.0 years, against 8.1 years in Belgium. This activity holds 4.3% of the registrations of Beverages.

Staff and filing. The 2 largest employers hold 2 of the 2 FTE: 100.0%.

The comparison with Belgium as a whole and with the other divisions is as of 07-11-2026 05:30.

Method and sources

Every company registered today counts under its main activities in the KBO. Establishment units do not count. Staff counts once, under the employer's first main activity, from its latest accounts and only where it fits the staff costs. The count follows the NACE 2025 classification, the version in which code 11040 exists.

The bankruptcies over five years count only companies still registered today, because the activity of a company that left the register is not kept. So they are fewer than the bankruptcies of those years, and the figure is not a probability for the future. Over twelve months the count is nearly complete, because a bankrupt company stays registered while its bankruptcy runs. A company with more than one main activity counts in each of those sectors.

The comparison with Belgium as a whole and with the other NACE divisions rests on an overview of every division, counted again each night. Each division is counted in the version of the NACE classification in which it exists. A standing such as "more than in 80%" compares with the other divisions that have the figure. A division's bankruptcy probability is the median over its companies with a score. Belgium here counts the 1,276,547 companies with a main activity, because only those belong to a division. The other 699,272 registrations publish no activity.

For NACE 11040, 18 annual accounts of financial year 2025 were filed. That is too few for a median, which needs at least 30.

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