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Manufacture of paper and paper products

NACE 17240 · division 17 Paper
Current registrations 10division 17: 413
Starters, 12 months 12division 17 · 2.9 per 100 · Belgium 7.5
Employment (FTE) 10,809division 17 · financial year 2025
Median age 23.9 yearsdivision 17 · Belgium 10.7 years

No bankruptcy in the past five years.

Filed accounts of the division

NACE division 17 · financial year 2025 · 251 filed annual accounts
Median solvency
48.8%
Belgium 46.2%
Median net result
€60,532
Belgium €16,549
Median equity
€1.1m
Belgium €98,514
Loss-making
26.7%
Belgium 26.7%
Negative equity
8.4%
Belgium 12.4%
Median return on equity
10.2%
Belgium 15.9%
Median liquidity
1.73
Belgium 1.66

Staff cost per FTE in NACE division 17

125 employers
Median
€62,700
Belgium €61,400
Middle half
€55,400 to €75,700
half of the employers lie between
Place among sectors
51 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €57,100 €49,600 to €69,900 35
10 to 49 FTE €60,300 €53,400 to €69,100 51
50 to 249 FTE €70,500 €63,800 to €79,300 28

Spread across the country

by region and province · 9 of 10 enterprises with a registered office on file
  • Flanders 8 · 88.9%
  • Brussels 1 · 11.1%
fewer moremax 7

Largest employers

NACE division 17 · staff from the latest accounts
  1. 1 BURGO ARDENNESVirton 592 FTEfinancial year 2025
  2. 2 OntexBuggenhout 579 FTEfinancial year 2025
  3. 3 VPK PACKAGINGDendermonde 571 FTEfinancial year 2025
  4. 4 AVERY DENNISON BELGIETurnhout 383 FTEfinancial year 2025
  5. 5 DS Smith Packaging BelgiumGhent 370 FTEfinancial year 2025

Foreign control in NACE division 17

278 registered companies

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €96.0m awarded 78 recipients · 2022 to 2025 · largest: Subsidie voor bedrijven ter compensatie van indirecte emissiekosten
  • Federal transfers 69,800 amount as published 1 recipient · 2025 · largest: Inkomensoverdracht R&D naar bedrijven
  • EU budget €198,192 attributed share 1 recipient · 2023 · largest: Horizon Europe
  • EU research €623,810 eu contribution 4 recipients · 2008 to 2023 · largest: Seventh Framework Programme

Explore every recipient in this sector

Insights on Manufacture of paper and paper products

The number of starters per 100 companies in NACE division 17 is lower than that of 89% of the 87 NACE divisions with this figure.

This sector's historical share is lower than that of 91% of the 88 NACE divisions with this figure.

The median bankruptcy probability in NACE division 17 is 0.3%, against 0.2% for Belgium as a whole. It is computed over 270 scored companies.

The comparison with Belgium as a whole and with the other divisions is as of 04-11-2026 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 17240 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 17, not only NACE 17240. 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.