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Manufacture of basic metals

NACE 24
Current registrations 597
Starters, 12 months 233.9 per 100 · Belgium 8.8
Bankruptcies, 12 months 46.7 per 1,000 registrations · Belgium 6.2
Employment (FTE) 22,016183 employers · latest accounts
Median age 20.9 yearsBelgium 8.1 years

Activities

NACE division 24 · 16 activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Manufacture of basic metals24100 190 5 0 14,070
Manufacture of basic metals24200 142 13 2 948
Manufacture of basic metals24420 60 1 0 1,889
Manufacture of basic metals24510 48 1 1 780
Manufacture of basic metals24450 28 1 0 643
Manufacture of basic metals24430 24 0 0 929
Manufacture of basic metals24340 23 2 1 28
Manufacture of basic metals24520 23 0 0 250
Manufacture of basic metals24540 23 0 0 308
Manufacture of basic metals24410 19 0 0 -
Manufacture of basic metals24530 18 0 0 56
Manufacture of basic metals24330 10 0 0 573
Show all 16 activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Manufacture of basic metals24310 9 0 0 331
Manufacture of basic metals24440 7 0 0 1,189
Manufacture of basic metals24460 3 0 0 22
Manufacture of basic metals24320 2 0 0 -

Filed accounts

NACE division 24 · financial year 2025 · 362 filed annual accounts
Median solvency
43.8%
Belgium 46.1%
Median net result
€23,098
Belgium €16,539
Median equity
€487,439
Belgium €98,485
Loss-making
29.6%
Belgium 26.7%
Negative equity
9.7%
Belgium 12.4%
Median return on equity
7.5%
Belgium 15.9%
Median liquidity
1.71
Belgium 1.66
Filed late
29.5%
financial year 2024, 336 filings · Belgium 38.4%
Per financial year20182019202020212022202320242025
Median solvency --41.4%40.6%40.8%44.2%41.8%44.3%
Median net result --€18,855€35,341€33,014€31,527€25,491€21,506
Filed late 29.2%37.9%29.9%26.6%29.2%29.4%29.5%-

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

Staff cost per FTE in NACE division 24

172 employers
Median
€66,900
Belgium €61,400
Middle half
€58,700 to €84,700
half of the employers lie between
Place among sectors
36 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €59,500 €49,900 to €72,900 55
10 to 49 FTE €65,000 €59,600 to €73,500 60
50 to 249 FTE €79,600 €67,600 to €88,700 44

Bankruptcies

Bankruptcies, 5 years, still registered
11
1.84% of the registrations · Belgium 1.68%

Bankruptcies per year in division 24

Per year201520162017201820192020202120222023202420252026
Bankruptcies742253364323
Jobs lost651112176131790429521145

2026 through September. Every bankruptcy, also of companies that have since left the register. Source: Statbel (Directorate-General Statistics), NACE classification of 2008.

Recent bankruptcies

Date Company
03-11-2026 Seid, Seid
BE 1000.191.051 · sole trader · Ghent
29-07-2026 SOUDURE CONSULT
BE 0763.358.326
19-05-2026 Seid, Sadak
BE 0734.934.950 · sole trader · Wetteren
06-03-2026 WEBER BELGIë
BE 0436.808.717
07-11-2025 Aciéries Somville
BE 0401.575.545
28-04-2025 Liberty Galati S.A.
BE 0783.319.243
22-03-2024 METAMAGMA FONDERIE D'ART
BE 0777.376.608
27-11-2023 ROYAL METAL
BE 0665.564.510

Every bankruptcy in division 24, last 90 days

Spread across the country

by region and province · 485 of 597 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 280 · 57.7%
  • Wallonia 162 · 33.4%
  • Brussels 15 · 3.1%
  • Abroad 28 · 5.8%
fewer moremax 75

Largest employers

NACE division 24 · staff from the latest accounts
  1. 1 ARCELORMITTAL BELGIUMBrussels 5,839 FTEfinancial year 2025
  2. 2 APERAM STAINLESS BELGIUMGenk 2,082 FTEfinancial year 2025
  3. 3 INDUSTEEL BelgiumCharleroi 920 FTEfinancial year 2025
  4. 4 Aluminium DuffelDuffel 893 FTEfinancial year 2025
  5. 5 AURUBIS OLENOlen 704 FTEfinancial year 2025

Joint committees

from the latest accounts of 207 companies
  • 209 White-collar workers in metal manufacturing 122
  • 111 Metal, mechanical and electrical engineering 111
  • 200 Auxiliary committee for white-collar workers 30
  • 105 Non-ferrous metals 16
  • 224 White-collar workers in non-ferrous metals 15
  • 124 Construction 13
  • 100 Auxiliary committee for blue-collar workers 7
  • 104 Steel industry 6
Show the 12 others
  • 149.04 Metal trade 6
  • 210 White-collar workers in the steel industry 6
  • 207 White-collar workers in the chemical industry 5
  • 116 Chemical industry 4
  • 142.01 Recovery of raw materials 3
  • 201 Independent retail 3
  • 120 Textile industry 2
  • 112 Garages 1
  • 113 Ceramics industry 1
  • 121 Cleaning 1
  • 140 Transport and logistics 1
  • 142.02 Recovery of raw materials 1

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

Foreign control in NACE division 24

439 registered companies

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €422.7m awarded 114 recipients · 2022 to 2025 · largest: Subsidie voor bedrijven ter compensatie van indirecte emissiekosten
  • Federal transfers 7.3m amount as published 2 recipients · 2023 to 2025 · largest: Financieringskost nucleaire bijdrage Synatom
  • EU budget €80.5m attributed share 5 recipients · 2022 to 2025 · largest: Innovation Fund
  • EU research €17.8m EU contribution 7 recipients · 2013 to 2027 · largest: Horizon Europe

Explore every recipient in this sector

Insights on Basic metals

Balance sheet and result. Return on equity of 7.5% is below Belgium's 15.9%. The median net result of €23,098 is above Belgium's €16,539. 9.7% of the annual accounts show negative equity, against 12.4% in Belgium.

Bankruptcies. The median bankruptcy probability of 0.5% is above Belgium's 0.2%. By size, the median bankruptcy probability is 0.6% at under 10 FTE, 0.3% at 10 to 49 FTE and 0.4% at 50 to 249 FTE.

Inflow and structure. Half of the companies are younger than 20.9 years, against 8.1 years in Belgium. In 12 months, 3.9 of 100 companies started, against 8.8 in Belgium. That is fewer than in 80% of the 86 other NACE divisions. Wallonia holds 35.4% of the seats, against 22.7% in Belgium.

Staff and filing. 29.5% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 10,438 of the 22,016 FTE: 47.4%.

Direction. Median solvency rose from 41.4% in financial year 2020 to 44.3% in financial year 2025. The median net result rose from €18,855 in financial year 2020 to €21,506 in financial year 2025. In 2024, Statbel counted 3 bankruptcies and 29 jobs lost, against 7 bankruptcies in 2015.

The comparison with Belgium as a whole and with the other divisions is as of 05-11-2026 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 24 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 1,275,887 companies with a main activity, because only those belong to a division. The other 699,448 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.