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Manufacture of fabricated metal products, except machinery and equipment

NACE 25930 · division 25 Fabricated metal products
Current registrations 55division 25: 10,814
Starters, 12 months 23.6 per 100 · Belgium 8.9
Employment (FTE) 1,40413 employers · latest accounts
Median age 32.4 yearsBelgium 8.1 years
E-invoicing via Peppol 89.1%49 of 55 companies in the Peppol Directory · Belgium 85.0%

No bankruptcy in the past five years.

Filed accounts

NACE 25930 · financial year 2025 · 44 filed annual accounts
Median solvency
42.8%
division 44.8% · Belgium 46.1%
Median net result
€74,190
division €22,520 · Belgium €16,492
Median equity
€769,309
division €223,494 · Belgium €98,323
Loss-making
22.7%
division 22.2% · Belgium 26.7%
Negative equity
0.0%
division 6.9% · Belgium 12.4%
Median return on equity
10.0%
division 12.0% · Belgium 15.9%
Median liquidity
1.90
division 1.70 · Belgium 1.66
Filed late
33.3%
financial year 2024, 45 filings · division 34.9% · Belgium 38.4%
Missing or 90 days late
0.0%
of 44 companies with annual accounts · division 4.4% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 40.3%38.9%43.4%43.8%40.9%42.8%
Median net result €91,646€212,003€135,390€98,674€55,821€74,190

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

Spread across the country

by region and province · 51 of 55 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 31 · 60.8%
  • Wallonia 16 · 31.4%
  • Abroad 4 · 7.8%
fewer moremax 11

The balance sheets of division 25 on the map, by municipality and down to the address

Largest employers

NACE 25930 as first main activity · staff from the latest accounts
  1. 1 NV BEKAERT SAZwevegem 1,149 FTEfinancial year 2025
  2. 2 Vanhulen High Precision SpringsHerstal 67.2 FTEfinancial year 2026
  3. 3 CONNECTON FASTENERSSprimont 60.1 FTEfinancial year 2025
  4. 4 FILAME BRUSSELSNivelles 40.5 FTEfinancial year 2025
  5. 5 HERMANS VERENFABRIEKLebbeke 31.8 FTEfinancial year 2025

Companies

55 with this main activity

Joint committees

from the latest accounts of 31 companies
  • 209 White-collar workers in metal manufacturing 28
  • 111 Metal, mechanical and electrical engineering 26
  • 149 Sectors related to metal, mechanical and electrical engineering 1
  • 149.04 Metal trade 1
  • 200 Auxiliary committee for white-collar workers 1

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

Division 25: Fabricated metal products

Related activities

5 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Manufacture of fabricated metal products, except machinery and equipment25999 550 17 1 2,979
Manufacture of fabricated metal products, except machinery and equipment25991 46 3 1 525
Manufacture of fabricated metal products, except machinery and equipment25940 25 0 0 110
Manufacture of fabricated metal products, except machinery and equipment25910 18 0 0 253
Manufacture of fabricated metal products, except machinery and equipment25920 18 1 0 323

Bankruptcies per year in division 25

Per year201520162017201820192020202120222023202420252026
Bankruptcies101827286785647111103829375
Jobs lost617314414476472227211322532349318297

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
Median
€63,100
Belgium €61,400
Middle half
€54,200 to €73,000
half of the employers lie between
Place among sectors
50 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 €69,200 706
10 to 49 FTE €65,700 €57,400 to €74,800 619
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 25
Number
196
Half have run longer than
22 months
Belgium: 20 months
Longer than three years
36%
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

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 41,729 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 1,439 recipients · 2022 to 2025 · largest: Onderzoeksproject
  • Federal transfers 35.0m amount as published 7 recipients · 2023 to 2025 · largest: Subsidie in het kader van de steun voor strategische projecten in kader van veiligheid en defensie
  • EU budget €63.2m attributed share 15 recipients · 2021 to 2025 · largest: European Defence Fund
  • EU research €16.8m EU contribution 15 recipients · 2008 to 2027 · largest: Horizon Europe

Explore every recipient in this sector

Insights on Manufacture of fabricated metal products, except machinery and equipment

Balance sheet and result. The median net result of €74,190 is above Belgium's €16,492. 0.0% of the annual accounts show negative equity, against 12.4% in Belgium. Return on equity of 10.0% is below Belgium's 15.9%.

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

Inflow and structure. Half of the companies are younger than 32.4 years, against 8.1 years in Belgium. 7.3% of the companies are sole traders, against 41.6% in Belgium. Wallonia holds 34.0% of the seats, against 22.7% in Belgium.

Staff and filing. 33.3% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 1,349 of the 1,404 FTE: 96.0%.

Direction. Median solvency rose from 40.3% in financial year 2020 to 42.8% in financial year 2025. The median net result fell from €91,646 in financial year 2020 to €74,190 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 25930 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.

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