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Manufacture of basic pharmaceutical products and pharmaceutical preparations

Current registrations 149division 21: 375
Starters, 12 months 42.7 per 100 · Belgium 8.9
Bankruptcies, 12 months 16.7 per 1,000 registrations · Belgium 6.2
Employment (FTE) 25,63057 employers · latest accounts
Median age 16.3 yearsBelgium 8.1 years
E-invoicing via Peppol 87.9%131 of 149 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 21201 · financial year 2025 · 113 filed annual accounts
Median solvency
51.3%
division 44.2% · Belgium 46.1%
Median net result
€48,799
division €23,782 · Belgium €16,500
Median equity
€2.5m
division €450,490 · Belgium €98,350
Loss-making
33.6%
division 40.0% · Belgium 26.7%
Negative equity
9.8%
division 18.3% · Belgium 12.4%
Median return on equity
7.7%
division 9.5% · Belgium 15.9%
Median liquidity
1.60
division 1.62 · Belgium 1.66
Filed late
22.9%
financial year 2024, 118 filings · division 32.2% · Belgium 38.4%
Missing or 90 days late
3.2%
of 125 companies with annual accounts · division 3.3% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 40.7%43.5%44.9%42.3%46.2%51.3%
Median net result €169,146€67,496€43,921€50,566€65,909€48,799

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

Bankruptcies

Bankruptcies, 5 years, still registered
6
4.03% of the registrations · Belgium 1.68%
Running bankruptcies
7
47.0 per 1,000 registrations

Recent bankruptcies

Date Company
24-04-2026 San'Up
BE 0693.818.729
27-10-2025 Quantoom Biosciences
BE 0744.643.858
02-09-2025 EXOTHERA
BE 0744.643.660
25-07-2024 MITHRA PHARMACEUTICALS CDMO
BE 0534.912.933
14-06-2024 Mithra Pharmaceuticals
BE 0466.526.646
14-06-2024 GRAFTYS
BE 0676.661.805

Every bankruptcy in division 21, last 90 days

Spread across the country

by region and province · 144 of 149 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 64 · 44.4%
  • Wallonia 49 · 34.0%
  • Brussels 23 · 16.0%
  • Abroad 8 · 5.6%
fewer moremax 27

Largest employers

NACE 21201 as first main activity · staff from the latest accounts
  1. 1 GlaxoSmithKline BiologicalsRixensart 8,371 FTEfinancial year 2025
  2. 2 Janssen PharmaceuticaBeerse 5,325 FTEfinancial year 2025
  3. 3 PFIZER MANUFACTURING BELGIUMPuurs-Sint-Amands 4,021 FTEfinancial year 2025
  4. 4 Organon HeistHeist-op-den-Berg 1,005 FTEfinancial year 2025
  5. 5 GENZYME FLANDERSGeel 990 FTEfinancial year 2025

Joint committees

from the latest accounts of 74 companies
  • 207 White-collar workers in the chemical industry 60
  • 116 Chemical industry 31
  • 200 Auxiliary committee for white-collar workers 6
  • 313 Pharmacies and pricing offices 2
  • 100 Auxiliary committee for blue-collar workers 1
  • 119 Food trade 1
  • 145 Horticulture 1
  • 201 Independent retail 1
Show the 3 others
  • 220 White-collar workers in the food industry 1
  • 321 Wholesale distributors of medicines 1
  • 323 Building management, estate agents and domestic staff 1

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

Division 21: Pharmaceuticals

Related activities

1 other activity
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Manufacture of basic pharmaceutical products and pharmaceutical preparations21209 97 2 0 1,617

Bankruptcies per year in division 21

Per year20152016201720182019202020212022202420252026
Bankruptcies11111113231
Jobs lost1911111814110924

2026 through April. 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 21

104 employers
Median
€94,200
Belgium €61,400
Middle half
€69,400 to €114,100
half of the employers lie between
Place among sectors
2 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €71,000 €53,500 to €110,200 40
10 to 49 FTE €102,100 €95,100 to €128,700 28
50 to 249 FTE €82,700 €74,400 to €95,300 21

Foreign control in NACE division 21

309 registered companies

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €65.0m awarded 71 recipients · 2022 to 2025 · largest: Onderzoeksproject
  • Federal transfers 1.2m amount as published 2 recipients · 2023 to 2025 · largest: Subsidies voor de verbetering van telecommunicatieconnectiviteit
  • EU budget €15.6m attributed share 10 recipients · 2021 to 2025 · largest: Horizon Europe
  • EU research €38.2m EU contribution 15 recipients · 2008 to 2026 · largest: Horizon 2020

Explore every recipient in this sector

Insights on Manufacture of basic pharmaceutical products and pharmaceutical preparations

Balance sheet and result. The median net result of €48,799 is above Belgium's €16,500. Return on equity of 7.7% is below Belgium's 15.9%. 33.6% of the annual accounts close with a loss, against 26.7% in Belgium.

Bankruptcies. The median bankruptcy probability of 0.3% is above Belgium's 0.2%.

Inflow and structure. Half of the companies are younger than 16.3 years, against 8.1 years in Belgium. 3.4% of the companies are sole traders, against 41.6% in Belgium. Wallonia holds 36.0% of the seats, against 22.7% in Belgium.

Staff and filing. 22.9% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 19,711 of the 25,630 FTE: 76.9%.

Direction. Median solvency rose from 40.7% in financial year 2020 to 51.3% in financial year 2025. The median net result fell from €169,146 in financial year 2020 to €48,799 in financial year 2025.

The comparison with Belgium as a whole and with the other divisions is as of 08-11-2026 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 21201 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 1,276,474 companies with a main activity, because only those belong to a division. The other 699,509 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.