Manufacture of fabricated metal products, except machinery and equipment
Filed accounts
NACE 25620 · financial year 2025 · 122 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 45.0% | 47.9% | 46.7% | 42.9% | 44.5% | 42.0% |
| Median net result | €26,260 | €26,057 | €24,247 | €18,066 | €16,001 | €11,744 |
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Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 25-02-2026 | BOOMERANG L ET A
BE 0464.111.049 |
| 04-07-2025 | SW Metaaltechnieken
BE 0788.169.639 |
| 19-02-2025 | Petralia, Massimo
BE 0849.945.177 · sole trader · Nivelles |
| 16-08-2023 | TTC
BE 0718.896.296 |
| 24-04-2023 | Buysse, Stanislas Clothilde
BE 0832.779.939 · sole trader · Stekene |
| 08-12-2021 | TTC
BE 0718.896.296 |
Spread across the country
by region and province · 165 of 246 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
- Abroad
The balance sheets of division 25 on the map, by municipality and down to the address
Largest employers
NACE 25620 as first main activity · staff from the latest accounts- 1 Euro - Locks S.A.Bastogne 184 FTEfinancial year 2025
- 2 ASSA ABLOYNieuwpoort 98.6 FTEfinancial year 2025
- 3 INBRAAKVEILIGDendermonde 16.1 FTEfinancial year 2025
- 4 Inbraakveilig GentGhent 12.1 FTEfinancial year 2026
- 5 Dao SystemsSombreffe 9.0 FTEfinancial year 2025
Joint committees
from the latest accounts of 49 companies- 111 Metal, mechanical and electrical engineering 26
- 209 White-collar workers in metal manufacturing 25
- 149.04 Metal trade 11
- 200 Auxiliary committee for white-collar workers 6
- 201 Independent retail 5
- 149 Sectors related to metal, mechanical and electrical engineering 2
- 211 Oil industry and trade 1
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Division 25: Fabricated metal products
Related activities
3 other activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Manufacture of fabricated metal products, except machinery and equipment25639 | 107 | 2 | 1 | 838 |
| Manufacture of fabricated metal products, except machinery and equipment25610 | 64 | 11 | 0 | 82 |
| Manufacture of fabricated metal products, except machinery and equipment25631 | 43 | 1 | 0 | 213 |
Bankruptcies per year in division 25
| Per year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcies | 101 | 82 | 72 | 86 | 78 | 56 | 47 | 111 | 103 | 82 | 93 | 75 |
| Jobs lost | 617 | 314 | 414 | 476 | 472 | 227 | 211 | 322 | 532 | 349 | 318 | 297 |
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 25
1,465 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €59,500 | €49,900 to €69,200 | 705 |
| 10 to 49 FTE | €65,700 | €57,400 to €74,800 | 620 |
| 50 to 249 FTE | €70,200 | €63,900 to €79,800 | 119 |
| 250 FTE or more | €83,600 | €77,100 to €95,300 | 21 |
Employers with the highest staff cost per FTE in this division All sectors by staff cost In the Analysis workbench
Running bankruptcies in the sector
NACE division 25Measured 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.
49 of the 5,920 companies in NACE division 25 have a parent company abroad. Main parent countries: Netherlands (12), Germany (7) and France (7). Together they employ 5,467 of the division's 41,730 FTE: 13%, against 14% for Belgium as a whole.
Subsidies in this sector
per register · legal entities with an enterprise number- Flemish subsidies €48.1m awarded
- Federal transfers 35.0m amount as published
- EU budget €63.2m attributed share
- EU research €16.8m EU contribution
Insights on Manufacture of fabricated metal products, except machinery and equipment
Balance sheet and result. Return on equity of 10.4% is below Belgium's 15.9%. 8.2% of the annual accounts show negative equity, against 12.4% in Belgium. The median net result of €11,744 is below Belgium's €16,490.
Bankruptcies. The median bankruptcy probability of 0.6% is above Belgium's 0.2%.
Inflow and structure. Half of the companies are younger than 15.4 years, against 8.1 years in Belgium. Wallonia holds 30.5% of the seats, against 22.7% in Belgium. In 12 months, 6.1 of 100 companies started, against 8.9 in Belgium. That is fewer than in 60% of the 87 NACE divisions.
Staff and filing. The 5 largest employers hold 320 of the 360 FTE: 88.8%.
Direction. Median solvency fell from 45.0% in financial year 2020 to 42.0% in financial year 2025. The median net result fell from €26,260 in financial year 2020 to €11,744 in financial year 2025.
The comparison with Belgium as a whole and with the other divisions is as of 11-11-2026 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 25620 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 1,276,472 companies with a main activity, because only those belong to a division. The other 699,781 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.