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Manufacture of leather and related products

NACE 15200 · division 15 Leather and related products
Current registrations 59division 15: 335
Starters, 12 months 58.5 per 100 · Belgium 8.9
Bankruptcies, 12 months 116.9 per 1,000 registrations · Belgium 6.2
Employment (FTE) 828 employers · latest accounts
Median age 15.6 yearsBelgium 8.1 years
E-invoicing via Peppol 88.1%52 of 59 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 15200 · financial year 2025 · 30 filed annual accounts
Median solvency
32.8%
division 42.2% · Belgium 46.1%
Median net result
€6,041
division €1,862 · Belgium €16,490
Median equity
€126,908
division €85,465 · Belgium €98,313
Loss-making
33.3%
division 45.7% · Belgium 26.7%
Negative equity
30.0%
division 27.1% · Belgium 12.4%
Missing or 90 days late
6.3%
of 32 companies with annual accounts · division 9.0% · Belgium 5.4%
Per financial year2025
Median solvency32.8%
Median net result€6,041

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

Bankruptcies

Bankruptcies, 5 years, still registered
2
3.39% of the registrations · Belgium 1.68%
Running bankruptcies
2
33.9 per 1,000 registrations

Recent bankruptcies

Date Company
03-04-2026 JPN RETAIL
BE 0561.910.508
02-05-2024 GG Concept
BE 0767.596.434

Every bankruptcy in division 15, last 90 days

Spread across the country

by region and province · 41 of 59 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 29 · 70.7%
  • Wallonia 9 · 22.0%
  • Brussels 3 · 7.3%
fewer moremax 8

The balance sheets of division 15 on the map, by municipality and down to the address

Largest employers

NACE 15200 as first main activity · staff from the latest accounts
  1. 1 AFT InternationalRanst 30.7 FTEfinancial year 2025
  2. 2 BELGIAN SHOESIzegem 12.5 FTEfinancial year 2025
  3. 3 AMBIORIXTongeren-Borgloon 12.4 FTEfinancial year 2026
  4. 4 JPN RETAILBrussels 6.8 FTEfinancial year 2025
  5. 5 ATELIER CONTENTRonse 6.6 FTEfinancial year 2025

Companies

59 with this main activity

Joint committees

from the latest accounts of 10 companies
  • 128 Hides, leather and substitutes 5
  • 200 Auxiliary committee for white-collar workers 3
  • 340 Orthopaedic technologies 3
  • 100 Auxiliary committee for blue-collar workers 1
  • 149.03 Precious metals 1
  • 201 Independent retail 1

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

Division 15: Leather and related products

Related activities

2 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Manufacture of leather and related products15120 248 44 0 78
Manufacture of leather and related products15110 28 1 1 118

Bankruptcies per year in division 15

Per year2016201920202021202220232024
Bankruptcies1211421
Jobs lost1211421

2024 through November. Every bankruptcy, also of companies that have since left the register. Source: Statbel (Directorate-General Statistics), NACE classification of 2008.

None of the 86 companies in NACE division 15 has a parent company abroad.

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €301,290 awarded 15 recipients · 2022 to 2025 · largest: Subsidies voor internationaal ondernemen
  • Wallonia-Brussels Federation €21,000 paid 1 recipient · 2023 to 2025 · largest: Unnamed in the register

Explore every recipient in this sector

Insights on Manufacture of leather and related products

Balance sheet and result. 30.0% of the annual accounts show negative equity, against 12.4% in Belgium. The median net result of €6,041 is below Belgium's €16,490. Solvency of 32.8% is below Belgium's 46.1%.

Bankruptcies. The median bankruptcy probability of 0.4% is above Belgium's 0.2%.

Inflow and structure. Half of the companies are younger than 15.6 years, against 8.1 years in Belgium. 30.5% of the companies are sole traders, against 41.6% in Belgium. This activity holds 17.6% of the registrations of Leather and related products.

Staff and filing. The 5 largest employers hold 69 of the 82 FTE: 83.6%.

The comparison with Belgium as a whole and with the other divisions is as of 11-11-2026 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 15200 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 1,276,472 companies with a main activity, because only those belong to a division. The other 699,781 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.

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