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Printing and reproduction of recorded media

NACE 18110 · division 18 Printing
Current registrations 189division 18: 4,938
Starters, 12 months 10.5 per 100 · Belgium 8.9
Bankruptcies, 12 months 421.2 per 1,000 registrations · Belgium 6.2
Employment (FTE) 99339 employers · latest accounts
Median age 34.9 yearsBelgium 8.1 years
E-invoicing via Peppol 90.5%171 of 189 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 18110 · financial year 2025 · 125 filed annual accounts
Median solvency
51.6%
division 46.4% · Belgium 46.1%
Median net result
€2,546
division €8,307 · Belgium €16,492
Median equity
€145,285
division €93,308 · Belgium €98,323
Loss-making
42.4%
division 32.0% · Belgium 26.7%
Negative equity
16.0%
division 13.7% · Belgium 12.4%
Median return on equity
4.0%
division 9.8% · Belgium 15.9%
Median liquidity
2.09
division 1.63 · Belgium 1.66
Filed late
42.6%
financial year 2024, 129 filings · division 38.0% · Belgium 38.4%
Missing or 90 days late
3.6%
of 138 companies with annual accounts · division 3.8% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 46.2%46.9%50.0%52.4%53.9%51.6%
Median net result €2,176€6,046€4,990€3,419€6,150€2,546

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

Bankruptcies

Bankruptcies, 5 years, still registered
8
4.23% of the registrations · Belgium 1.68%
Running bankruptcies
9
47.6 per 1,000 registrations

Recent bankruptcies

Date Company
31-08-2026 Artoos Group
BE 0441.961.494
27-07-2026 IPM Printing
BE 0402.797.745
27-07-2026 ARTOOS
BE 0454.157.562
16-02-2026 SILHOUET
BE 0807.703.360
28-03-2025 P&M SERVICES
BE 0453.447.581
24-05-2023 SACG IMPRIMERIE
BE 0744.434.418
02-08-2022 Geekmonkey
BE 0680.908.821
08-04-2022 Casalanguida, Gianni
BE 0661.544.057 · sole trader · Châtelet

Every bankruptcy in division 18, last 90 days

Spread across the country

by region and province · 151 of 189 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 72 · 47.7%
  • Wallonia 55 · 36.4%
  • Brussels 22 · 14.6%
  • Abroad 2 · 1.3%
fewer moremax 22

Largest employers

NACE 18110 as first main activity · staff from the latest accounts
  1. 1 Die Keure in het frans La CharteBruges 177 FTEfinancial year 2025
  2. 2 Printing Partners Paal-BeringenHasselt 141 FTEfinancial year 2025
  3. 3 ARTOOSKampenhout 101 FTEfinancial year 2024
  4. 4 ROSSEL PRINTING COMPANYNivelles 92.3 FTEfinancial year 2025
  5. 5 REMY-ROTOBeauraing 37.4 FTEfinancial year 2025

Joint committees

from the latest accounts of 53 companies
  • 130 Printing, graphic arts and newspapers 41
  • 200 Auxiliary committee for white-collar workers 41
  • 100 Auxiliary committee for blue-collar workers 2
  • 201 Independent retail 2
  • 111 Metal, mechanical and electrical engineering 1

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

Division 18: Printing

Related activities

3 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Pre-press and pre-media services18130 2,788 52 7 1,306
Other printing18120 1,579 136 5 5,441
Printing and reproduction of recorded media18140 165 7 3 380

Bankruptcies per year in division 18

Per year201520162017201820192020202120222023202420252026
Bankruptcies544938403929322930273020
Jobs lost16417698170457165117117646683125

2026 through August. 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 18

307 employers
Median
€62,600
Belgium €61,400
Middle half
€53,500 to €72,500
half of the employers lie between
Place among sectors
52 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €59,100 €48,500 to €66,800 160
10 to 49 FTE €66,800 €59,200 to €73,300 109
50 to 249 FTE €72,700 €60,600 to €78,900 37

Running bankruptcies in the sector

NACE division 18
Number
57
Half have run longer than
31 months
Belgium: 20 months
Longer than three years
40%
Belgium: 31%

Measured nationally: Of 108,651 bankruptcies of legal entities across Belgium, 49% were closed within five years for insufficient assets and 28% after liquidation, 3% were withdrawn. After five years, 20% were still open. Half had ended after 26 months (a quarter after 15, three quarters after 51 months).

This counts companies with this main activity in the register on 10 November 2026. The outcome itself is not measured by sector. The activity of a company that leaves the register after its bankruptcy is too often not kept to compare closed cases fairly.

Outcome by court and division

3 of the 2,250 companies in NACE division 18 have a parent company abroad. Main parent countries: Germany (1), Netherlands (1) and Sweden (1). Together they employ 259 of the division's 8,140 FTE: 3.2%, against 14% for Belgium as a whole.

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €9.1m awarded 383 recipients · 2022 to 2025 · largest: Projectsubsidie voor een initiatief in de audiovisuele of gamesector (Decreet Vlaams Audiovisueel Fonds 1999)
  • Wallonia-Brussels Federation €3.2m paid 11 recipients · 2021 to 2025 · largest: Unnamed in the register
  • Federal transfers 50 amount as published 1 recipient · 2024 · largest: Toelage kosten werkstraffen (kledij, preventie)
  • EU budget €3.6m attributed share 4 recipients · 2022 to 2025 · largest: Horizon Europe
  • EU research €3.0m EU contribution 2 recipients · 2024 to 2026 · largest: Horizon Europe

Explore every recipient in this sector

Insights on Printing and reproduction of recorded media

Balance sheet and result. The median net result of €2,546 is below Belgium's €16,492. Return on equity of 4.0% is below Belgium's 15.9%. 42.4% of the annual accounts close with a loss, against 26.7% in Belgium.

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

Inflow and structure. Half of the companies are younger than 34.9 years, against 8.1 years in Belgium. Wallonia holds 36.9% of the seats, against 22.7% in Belgium. 20.1% of the companies are sole traders, against 41.6% in Belgium.

Staff and filing. 42.6% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 548 of the 993 FTE: 55.2%.

Direction. Median solvency rose from 46.2% in financial year 2020 to 51.6% in financial year 2025. The median net result rose from €2,176 in financial year 2020 to €2,546 in financial year 2025.

The comparison with Belgium as a whole and with the other divisions is as of 10-11-2026 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 18110 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 1,276,421 companies with a main activity, because only those belong to a division. The other 699,557 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.