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Manufacture of beverages

NACE 11070 · division 11 Beverages
Current registrations 98division 11: 1,376
Starters, 12 months 77.1 per 100 · Belgium 8.9
Employment (FTE) 1,46216 employers · latest accounts
Median age 6.0 yearsBelgium 8.1 years
E-invoicing via Peppol 83.7%82 of 98 companies in the Peppol Directory · Belgium 85.0%

No bankruptcy in the past twelve months.

Filed accounts

NACE 11070 · financial year 2025 · 52 filed annual accounts
Median solvency
21.6%
division 21.9% · Belgium 46.1%
Median net result
€12,720
division -€1,278 · Belgium €16,497
Median equity
€167,562
division €35,739 · Belgium €98,338
Loss-making
38.5%
division 53.6% · Belgium 26.7%
Negative equity
19.2%
division 30.1% · Belgium 12.4%
Median return on equity
9.0%
division 2.6% · Belgium 15.9%
Median liquidity
1.53
division 1.24 · Belgium 1.66
Filed late
36.7%
financial year 2024, 49 filings · division 43.1% · Belgium 38.4%
Missing or 90 days late
1.8%
of 56 companies with annual accounts · division 5.0% · Belgium 5.4%
Per financial year20212022202320242025
Median solvency 23.9%35.0%33.6%28.1%21.6%
Median net result €10,503€24,177€7,522€15,404€12,720

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

Bankruptcies

Bankruptcies, 5 years, still registered
1
1.02% of the registrations · Belgium 1.68%
Running bankruptcies
3
30.6 per 1,000 registrations

Recent bankruptcies

Date Company
30-10-2024 TRINITY
BE 0765.433.730

Every bankruptcy in division 11, last 90 days

Spread across the country

by region and province · 77 of 98 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 44 · 57.1%
  • Wallonia 22 · 28.6%
  • Brussels 9 · 11.7%
  • Abroad 2 · 2.6%
fewer moremax 14

Largest employers

NACE 11070 as first main activity · staff from the latest accounts
  1. 1 SPA MONOPOLE, Compagnie Fermière de SpaSpa 495 FTEfinancial year 2025
  2. 2 P.B.I. FRUIT JUICE COMPANYBruges 251 FTEfinancial year 2025
  3. 3 Culligan BelgiumLonderzeel 186 FTEfinancial year 2025
  4. 4 REFRESCONinove 182 FTEfinancial year 2025
  5. 5 Solera Beverages BeLuxZaventem 63.5 FTEfinancial year 2025

Joint committees

from the latest accounts of 18 companies
  • 220 White-collar workers in the food industry 15
  • 118 Food industry 11
  • 200 Auxiliary committee for white-collar workers 3

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 717 28 7 6,489
Manufacture of beverages11010 269 21 0 462
Manufacture of beverages11020 186 15 0 104
Manufacture of beverages11040 59 5 0 2
Manufacture of beverages11030 48 3 0 40
Manufacture of beverages11060 8 0 0 139

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

146 employers
Median
€65,000
Belgium €61,400
Middle half
€54,300 to €76,900
half of the employers lie between
Place among sectors
43 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 €67,700 €61,200 to €78,100 59

7 of the 918 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 8,697 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 150 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

Balance sheet and result. 19.2% of the annual accounts show negative equity, against 12.4% in Belgium. Solvency of 21.6% is below Belgium's 46.1%. 38.5% of the annual accounts close with a loss, against 26.7% in Belgium.

Bankruptcies. The median bankruptcy probability of 0.6% is above Belgium's 0.2%.

Inflow and structure. 21.4% of the companies are sole traders, against 41.6% in Belgium. Wallonia holds 29.3% of the seats, against 22.7% in Belgium. Half of the companies are younger than 6.0 years, against 8.1 years in Belgium.

Staff and filing. The 5 largest employers hold 1,177 of the 1,462 FTE: 80.5%.

Direction. Median solvency fell from 23.9% in financial year 2021 to 21.6% in financial year 2025. The median net result rose from €10,503 in financial year 2021 to €12,720 in financial year 2025.

The comparison with Belgium as a whole and with the other divisions is as of 09-11-2026 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 11070 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 1,276,461 companies with a main activity, because only those belong to a division. The other 699,442 registrations publish no activity.

Each median is the value of the middle company, computed over the annual accounts of financial year 2025, and is shown only from 30 accounts. A share (loss-making, negative equity) counts that year's accounts with that trait. Accounts are late when they are filed after the statutory deadline. The direction per financial year follows the companies still registered today. Missing or 90 days late counts the companies with accounts missing today, or whose latest were filed more than 90 days after the deadline. The dossier follows the same rule.