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Manufacture of machinery and equipment not elsewhere classified

Current registrations 54division 28: 2,288
Starters, 12 months 23.7 per 100 · Belgium 8.9
Employment (FTE) 96414 employers · latest accounts
Median age 14.8 yearsBelgium 8.1 years
E-invoicing via Peppol 79.6%43 of 54 companies in the Peppol Directory · Belgium 85.0%

No bankruptcy in the past twelve months.

Filed accounts

NACE 28110 · financial year 2025 · 35 filed annual accounts
Median solvency
35.4%
division 44.5% · Belgium 46.1%
Median net result
€57,555
division €34,720 · Belgium €16,516
Median equity
€847,462
division €465,557 · Belgium €98,395
Loss-making
28.6%
division 24.4% · Belgium 26.7%
Negative equity
8.6%
division 8.3% · Belgium 12.4%
Median return on equity
19.2%
division 11.2% · Belgium 15.9%
Median liquidity
1.67
division 1.78 · Belgium 1.66
Filed late
39.5%
financial year 2024, 38 filings · division 32.2% · Belgium 38.4%
Missing or 90 days late
2.7%
of 37 companies with annual accounts · division 3.8% · Belgium 5.4%
Per financial year20212022202320242025
Median solvency 34.0%39.6%35.9%40.7%35.4%
Median net result €84,984€76,210€81,806€102,832€57,555

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

Bankruptcies

Bankruptcies, 5 years, still registered
1
1.85% of the registrations · Belgium 1.68%
Running bankruptcies
2
37.0 per 1,000 registrations

Recent bankruptcies

Date Company
11-12-2024 DISCRI
BE 0843.274.250

Every bankruptcy in division 28, last 90 days

Spread across the country

by region and province · 47 of 54 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 32 · 68.1%
  • Wallonia 8 · 17.0%
  • Brussels 2 · 4.3%
  • Abroad 5 · 10.6%
fewer moremax 12

Largest employers

NACE 28110 as first main activity · staff from the latest accounts
  1. 1 Anglo Belgian CorporationGhent 360 FTEfinancial year 2025
  2. 2 SOLAR TURBINES EUROPEBraine-l'Alleud 349 FTEfinancial year 2025
  3. 3 STUMACO ENG.Staden 43.9 FTEfinancial year 2025
  4. 4 E. Van WingenEvergem 40.3 FTEfinancial year 2025
  5. 5 RemotiveEvergem 31.4 FTEfinancial year 2025

Companies

54 with this main activity

Joint committees

from the latest accounts of 15 companies
  • 209 White-collar workers in metal manufacturing 13
  • 111 Metal, mechanical and electrical engineering 12
  • 100 Auxiliary committee for blue-collar workers 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 28: Machinery and equipment

Related activities

4 other activities

Bankruptcies per year in division 28

Per year201520162017201820192020202120222023202420252026
Bankruptcies9111891813811721910
Jobs lost5813824117281133936863129119

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 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
SizeMedianMiddle halfEmployers
fewer than 10 FTE €65,400 €55,100 to €80,900 287
10 to 49 FTE €74,100 €62,100 to €86,500 253
50 to 249 FTE €84,200 €74,900 to €95,400 92

Foreign control in NACE division 28

1,697 registered companies

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 Manufacture of machinery and equipment not elsewhere classified

Balance sheet and result. The median net result of €57,555 is above Belgium's €16,516. 8.6% of the annual accounts show negative equity, against 12.4% in Belgium. Solvency of 35.4% is below Belgium's 46.1%.

Bankruptcies. The median bankruptcy probability of 0.4% is above Belgium's 0.2%.

Inflow and structure. Half of the companies are younger than 14.8 years, against 8.1 years in Belgium. 11.1% of the companies are sole traders, against 41.6% in Belgium. Flanders holds 76.2% of the seats, against 64.7% in Belgium.

Staff and filing. The 5 largest employers hold 825 of the 964 FTE: 85.6%.

Direction. Median solvency rose from 34.0% in financial year 2021 to 35.4% in financial year 2025. The median net result fell from €84,984 in financial year 2021 to €57,555 in financial year 2025.

The comparison with Belgium as a whole and with the other divisions is as of 07-11-2026 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 28110 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 1,276,547 companies with a main activity, because only those belong to a division. The other 699,272 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.