Manufacture of machinery and equipment not elsewhere classified

NACE 28

Current registrations 2,288

Starters, 12 months 743.2 per 100 · Belgium 8.8

Bankruptcies, 12 months 208.7 per 1,000 registrations · Belgium 6.2

Employment (FTE) 31,209703 employers · latest accounts

Median age 19.7 yearsBelgium 8.1 years

9 companies file their annual accounts outside the standard format, for example in a sector format. Their figures and staff are missing from the employment, the medians and the largest employers.

Show the 9 companies

Activities

NACE division 28 · 27 activities

Activity	Registrations	Starters, 12 months	Bankruptcies, 12 months	FTE
Manufacture of machinery and equipment not elsewhere classified28250	455	15	2	2,741
Manufacture of machinery and equipment not elsewhere classified28990	340	12	3	2,917
Manufacture of machinery and equipment not elsewhere classified28220	240	4	3	5,370
Manufacture of machinery and equipment not elsewhere classified28299	212	7	2	1,612
Manufacture of machinery and equipment not elsewhere classified28300	197	8	3	5,026
Manufacture of machinery and equipment not elsewhere classified28410	131	2	0	1,240
Manufacture of machinery and equipment not elsewhere classified28930	126	4	1	548
Manufacture of machinery and equipment not elsewhere classified28120	122	3	1	480
Manufacture of machinery and equipment not elsewhere classified28295	62	0	0	398
Manufacture of machinery and equipment not elsewhere classified28210	55	1	1	358
Manufacture of machinery and equipment not elsewhere classified28110	54	2	0	964
Manufacture of machinery and equipment not elsewhere classified28150	53	2	0	1,518

Show all 27 activities

Activity	Registrations	Starters, 12 months	Bankruptcies, 12 months	FTE
Manufacture of machinery and equipment not elsewhere classified28940	46	2	0	1,323
Manufacture of machinery and equipment not elsewhere classified28291	44	0	1	948
Manufacture of machinery and equipment not elsewhere classified28130	40	1	0	3,583
Manufacture of machinery and equipment not elsewhere classified28920	40	3	0	128
Manufacture of machinery and equipment not elsewhere classified28230	29	0	0	331
Manufacture of machinery and equipment not elsewhere classified28293	24	1	1	663
Manufacture of machinery and equipment not elsewhere classified28420	22	1	1	106
Manufacture of machinery and equipment not elsewhere classified28140	21	2	0	199
Manufacture of machinery and equipment not elsewhere classified28292	19	1	0	154
Manufacture of machinery and equipment not elsewhere classified28296	17	0	0	82
Manufacture of machinery and equipment not elsewhere classified28294	14	1	0	10
Manufacture of machinery and equipment not elsewhere classified28240	12	0	0	83
Manufacture of machinery and equipment not elsewhere classified28910	11	2	1	228
Manufacture of machinery and equipment not elsewhere classified28960	9	0	0	27
Manufacture of machinery and equipment not elsewhere classified28950	7	0	0	172

Filed accounts

NACE division 28 · financial year 2025 · 1,648 filed annual accounts

Median solvency

44.5%

Belgium 46.1%

Median net result

€34,903

Belgium €16,539

Median equity

€464,801

Belgium €98,485

Loss-making

24.3%

Belgium 26.7%

Negative equity

8.3%

Belgium 12.4%

Median return on equity

11.2%

Belgium 15.9%

Median liquidity

1.78

Belgium 1.66

Filed late

32.2%

financial year 2024, 1,356 filings · Belgium 38.4%

Per financial year	2018	2019	2020	2021	2022	2023	2024	2025
Median solvency	-	-	41.2%	42.6%	41.9%	44.2%	45.3%	44.6%
Median net result	-	-	€29,698	€38,432	€40,447	€37,141	€31,434	€30,166
Filed late	30.5%	37.1%	35.7%	35.1%	35.5%	33.8%	32.2%	-

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

Staff cost per FTE in NACE division 28

646 employers

Median

€72,500

Belgium €61,400

Middle half

€60,800 to €86,400

half of the employers lie between

Place among sectors

22 of 78

sectors with a median staff cost per FTE, highest first

By size class
Size	Median	Middle half	Employers
fewer than 10 FTE	€65,400	€55,100 to €80,900	287
10 to 49 FTE	€73,800	€62,100 to €86,500	253
50 to 249 FTE	€84,200	€74,900 to €95,400	92

Employers with the highest staff cost per FTE in this division All sectors by staff cost In the Analysis workbench

Bankruptcies

Bankruptcies, 5 years, still registered

2.19% of the registrations · Belgium 1.68%

Bankruptcies per year in division 28

Per year	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Bankruptcies	9	11	18	9	18	13	8	11	7	21	9	10
Jobs lost	58	138	241	17	281	13	39	36	86	31	29	119

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
28-10-2026	LTB LIFTTECHNISCH BUREAU BE 0446.896.717
20-10-2026	Noordam, Johannes BE 0546.730.008 · sole trader · Bastogne
15-10-2026	FROST KOELTECHNIEK BE 0647.798.959
14-10-2026	Grenzebach Belgium BE 0534.560.367
25-09-2026	SANTERMANS LIFTEN BE 0667.776.506
16-09-2026	Delvano BE 0405.329.940
14-09-2026	Heremans, Frederik BE 0719.811.957 · sole trader · Kortrijk
03-09-2026	Constructie Werkhuizen Demaitere BE 0406.542.143

Every bankruptcy in division 28, last 90 days

Spread across the country

by region and province · 2,028 of 2,288 enterprises with a registered office on file · a sole trader has no published seat

Flanders 1,430 · 70.5%
Wallonia 482 · 23.8%
Brussels 59 · 2.9%
Abroad 57 · 2.8%

West Flanders WVL 404

East Flanders OVL 311

Antwerp ANT 366

Flemish Brabant VLB 171

Limburg LIM 178

Brussels BRU 59

Hainaut HAI 135

Walloon Brabant WBR 74

Namur NAM 62

Liège LIE 190

Luxembourg LUX 21

fewer moremax 404

This sector's balance sheets on the map, by municipality and down to the address

Largest employers

NACE division 28 · staff from the latest accounts

1 Atlas Copco AirpowerAntwerp 3,521 FTEfinancial year 2025
2 CNH INDUSTRIAL BELGIUMZedelgem 3,222 FTEfinancial year 2025
3 TVH PARTSWaregem 1,648 FTEfinancial year 2025
4 ZF WIND POWER ANTWERPENLommel 791 FTEfinancial year 2025
5 KONE BELGIUMBrussels 664 FTEfinancial year 2025

Joint committees

from the latest accounts of 879 companies

209 White-collar workers in metal manufacturing 513
111 Metal, mechanical and electrical engineering 457
200 Auxiliary committee for white-collar workers 217
149.04 Metal trade 64
149.01 Electricians: installation and distribution 63
100 Auxiliary committee for blue-collar workers 23
124 Construction 21
149 Sectors related to metal, mechanical and electrical engineering 21

Show the 12 others

201 Independent retail 15
116 Chemical industry 10
112 Garages 9
207 White-collar workers in the chemical industry 9
126 Furnishing and woodworking 5
109 Clothing and garment industry 3
215 White-collar workers in the clothing and garment industry 3
105 Non-ferrous metals 2
119 Food trade 2
120 Textile industry 2
125.01 Wood industry 2
130 Printing, graphic arts and newspapers 2

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

Foreign control in NACE division 28

1,696 registered companies

Companies with a foreign parent

3.2%

55 of 1,696; Belgium 0.3%

Staff at those companies

39%

12,151 of 31,209 FTE; Belgium 14%

Main parent countries: Netherlands (12), Germany (9) and France (7).Show on the map by municipality

Subsidies in this sector

per register · legal entities with an enterprise number

Flemish subsidies €109.5m awarded 535 recipients · 2022 to 2025 · largest: Onderzoeksproject
Federal transfers 1.3m amount as published 4 recipients · 2023 to 2025 · largest: Steun aan het export in het raam van het OESO Verdrag aangaande export kredieten met de hulp van financiële instrumenten van commerciële of concessionele aard (cf. art. 2.14.6 en 2.14.15 van de wetsbepalingen)
EU budget €24.3m attributed share 22 recipients · 2021 to 2025 · largest: Linked to buildings
EU research €28.5m EU contribution 23 recipients · 2008 to 2026 · largest: Horizon 2020

Explore every recipient in this sector

Insights on Machinery and equipment

Balance sheet and result. The median net result of €34,903 is above Belgium's €16,539. 8.3% of the annual accounts show negative equity, against 12.4% in Belgium. Return on equity of 11.2% is below Belgium's 15.9%.

Bankruptcies. In 12 months, 8.7 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 82% of the 87 other NACE divisions. The median bankruptcy probability of 0.3% is above Belgium's 0.2%. By size, the median bankruptcy probability is 0.3% at under 10 FTE, 0.2% at 10 to 49 FTE and 0.2% at 50 to 249 FTE.

Inflow and structure. Half of the companies are younger than 19.7 years, against 8.1 years in Belgium. 11.2% of the companies are sole traders, against 41.6% in Belgium. In 12 months, 3.2 of 100 companies started, against 8.8 in Belgium. That is fewer than in 84% of the 86 other NACE divisions.

Staff and filing. The median staff cost per FTE of €72,468 is above Belgium's €61,416. 32.2% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 9,845 of the 31,209 FTE: 31.5%.

Direction. Median solvency rose from 41.2% in financial year 2020 to 44.6% in financial year 2025. In 2025, Statbel counted 9 bankruptcies and 29 jobs lost, against 18 bankruptcies in 2019.

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 28 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.