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Cutting, shaping and finishing of stone

Current registrations 725division 23: 2,977
Starters, 12 months 212.9 per 100 · Belgium 8.9
Bankruptcies, 12 months 34.1 per 1,000 registrations · Belgium 6.2
Employment (FTE) 1,091136 employers · latest accounts
Median age 20.8 yearsBelgium 8.1 years
E-invoicing via Peppol 93.5%678 of 725 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 23700 · financial year 2025 · 472 filed annual accounts
Median solvency
50.8%
division 46.9% · Belgium 46.1%
Median net result
€13,850
division €19,552 · Belgium €16,492
Median equity
€247,947
division €366,458 · Belgium €98,323
Loss-making
23.8%
division 26.5% · Belgium 26.7%
Negative equity
6.1%
division 8.3% · Belgium 12.4%
Median return on equity
7.3%
division 8.1% · Belgium 15.9%
Median liquidity
1.90
division 1.69 · Belgium 1.66
Filed late
40.2%
financial year 2024, 488 filings · division 34.2% · Belgium 38.4%
Missing or 90 days late
5.0%
of 504 companies with annual accounts · division 4.0% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 41.3%44.1%43.7%46.0%48.4%50.8%
Median net result €15,733€21,457€23,930€18,559€15,511€13,850

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

Bankruptcies

Bankruptcies, 5 years, still registered
12
1.66% of the registrations · Belgium 1.68%
Running bankruptcies
13
17.9 per 1,000 registrations

Recent bankruptcies

Date Company
09-02-2026 Hartis Natuursteen
BE 0400.331.173
12-01-2026 GRANI-PIERRE
BE 0473.583.197
13-11-2025 ROMACFA
BE 0748.636.003
22-10-2025 DEDORUIN
BE 0454.627.122
25-06-2025 MARBRERIE FARRUGGIO
BE 0459.113.371
11-06-2025 MARMERBEDRIJF BEARELLE
BE 0434.804.775
06-06-2025 VDV MONUMENTS
BE 0667.737.112
03-03-2025 CUISENAIRE ET FILS
BE 0401.777.661

Every bankruptcy in division 23, last 90 days

Spread across the country

by region and province · 553 of 725 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 338 · 61.1%
  • Wallonia 194 · 35.1%
  • Brussels 18 · 3.3%
  • Abroad 3 · 0.5%
fewer moremax 89

Largest employers

NACE 23700 as first main activity · staff from the latest accounts
  1. 1 Brachot-HermantDeinze 51.8 FTEfinancial year 2025
  2. 2 CULOT LOUISPuurs-Sint-Amands 37.6 FTEfinancial year 2025
  3. 3 MARBRERIE DE SOIGNIESSoignies 30.9 FTEfinancial year 2025
  4. 4 Den DamBeerse 29.5 FTEfinancial year 2025
  5. 5 KAMOPoperinge 26.3 FTEfinancial year 2025

Joint committees

from the latest accounts of 190 companies
  • 124 Construction 163
  • 200 Auxiliary committee for white-collar workers 105
  • 102.08 Quarries 8
  • 100 Auxiliary committee for blue-collar workers 7
  • 106.02 Concrete industry 4
  • 201 Independent retail 4
  • 102 Quarries 2
  • 101 Mining 1
Show the 4 others
  • 102.09 Quarries 1
  • 126 Furnishing and woodworking 1
  • 140.03 Road transport and logistics for third parties 1
  • 320 Funeral directors 1

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

Division 23: Non-metallic mineral products

Related activities

24 other activities
Show all 24 activities

Bankruptcies per year in division 23

Per year201520162017201820192020202120222023202420252026
Bankruptcies1610261015878812148
Jobs lost5015842716213483623163296059

2026 through September. 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 23

522 employers
Median
€65,800
Belgium €61,400
Middle half
€56,900 to €75,200
half of the employers lie between
Place among sectors
40 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €62,300 €52,200 to €73,700 258
10 to 49 FTE €66,400 €59,700 to €73,100 196
50 to 249 FTE €73,200 €66,100 to €86,700 48
250 FTE or more €92,100 €71,100 to €97,900 20

Foreign control in NACE division 23

1,448 registered companies

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €29.5m awarded 351 recipients · 2022 to 2025 · largest: Strategische transformatiesteun
  • Federal transfers 735,000 amount as published 1 recipient · 2023 to 2025 · largest: Economie van de toekomst en productiviteit: subsidies aan bedrijven
  • EU budget €157.2m attributed share 8 recipients · 2021 to 2025 · largest: Innovation Fund
  • EU research €7.9m EU contribution 9 recipients · 2010 to 2027 · largest: Horizon Europe

Explore every recipient in this sector

Insights on Cutting, shaping and finishing of stone

Balance sheet and result. Return on equity of 7.3% is below Belgium's 15.9%. 6.1% of the annual accounts show negative equity, against 12.4% in Belgium. The median net result of €13,850 is below Belgium's €16,492.

Bankruptcies. The median bankruptcy probability of 0.1% is below Belgium's 0.2%.

Inflow and structure. Half of the companies are younger than 20.8 years, against 8.1 years in Belgium. In 12 months, 2.9 of 100 companies started, against 8.9 in Belgium. That is fewer than in 90% of the 87 NACE divisions. Wallonia holds 35.3% of the seats, against 22.7% in Belgium.

Staff and filing. The 5 largest employers hold 176 of the 1,091 FTE: 16.1%.

Direction. Median solvency rose from 41.3% in financial year 2020 to 50.8% in financial year 2025. The median net result fell from €15,733 in financial year 2020 to €13,850 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 23700 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.