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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 50division 15 · 14.9 per 100 · Belgium 7.5
Bankruptcies, 5 years 23.39% of the registrations · Belgium 1.61%
Employment (FTE) 1,044division 15 · financial year 2025
Median age 7.1 yearsdivision 15 · Belgium 10.7 years

Filed accounts of the division

NACE division 15 · financial year 2025 · 69 filed annual accounts
Median solvency
42.2%
Belgium 46.2%
Median net result
€1,945
Belgium €16,557
Median equity
€93,676
Belgium €98,554
Loss-making
44.9%
Belgium 26.7%
Negative equity
26.1%
Belgium 12.4%
Median return on equity
4.5%
Belgium 15.9%
Median liquidity
1.74
Belgium 1.66

Bankruptcies

Bankruptcies, 12 months
2
division 15 · 6.0 per 1,000 registrations · Belgium 5.5

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
  • Flanders 29 · 70.7%
  • Wallonia 9 · 22.0%
  • Brussels 3 · 7.3%
fewer moremax 8

Largest employers

NACE division 15 · staff from the latest accounts
  1. 1 TANNERIE MASUREEstaimpuis 84.0 FTEfinancial year 2025
  2. 2 MAROQUINERIE DELVAUX BELGIUMEtterbeek 37.5 FTEfinancial year 2026
  3. 3 AFT InternationalRanst 30.7 FTEfinancial year 2025
  4. 4 COLMAN LEDERBeveren-Kruibeke-Zwijndrecht 17.7 FTEfinancial year 2025
  5. 5 INTRASKINSMouscron 14.9 FTEfinancial year 2025

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

The number of starters per 100 companies in NACE division 15 is higher than that of 93% of the 87 NACE divisions with this figure.

This sector's historical share is higher than that of 93% of the 88 NACE divisions with this figure.

The median bankruptcy probability in NACE division 15 is 0.5%, against 0.2% for Belgium as a whole. It is computed over 81 scored companies.

The comparison with Belgium as a whole and with the other divisions is as of 02-11-2026 05:30.

Method and sources

Every company registered today counts under its main activities in the KBO. Establishment units do not count. The count follows the NACE 2025 classification, the version in which code 15200 exists.

The historical share is the share of current registrations for which a bankruptcy opening was published in the past five years. A company with more than one main activity counts in each of those sectors. The historical share is not a future bankruptcy probability.

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 "higher than 80%" compares with the other divisions that have the figure. A division's bankruptcy probability is the median over its companies with a score. Their number is given with the figure.

The filed-accounts figures cover the whole NACE division 15, not only NACE 15200. There are too few filed annual accounts per five-digit code to compute them separately. Each median is the value of the middle company, computed over the division's 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.