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Manufacture of machinery and equipment not elsewhere classified

Current registrations 240division 28: 2,288
Starters, 12 months 41.7 per 100 · Belgium 8.9
Bankruptcies, 12 months 312.5 per 1,000 registrations · Belgium 6.2
Employment (FTE) 5,37078 employers · latest accounts
Median age 26.3 yearsBelgium 8.1 years
E-invoicing via Peppol 91.3%219 of 240 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 28220 · financial year 2025 · 198 filed annual accounts
Median solvency
45.3%
division 44.4% · Belgium 46.1%
Median net result
€58,858
division €34,717 · Belgium €16,500
Median equity
€736,457
division €464,801 · Belgium €98,350
Loss-making
18.7%
division 24.4% · Belgium 26.7%
Negative equity
6.1%
division 8.3% · Belgium 12.4%
Median return on equity
12.3%
division 11.2% · Belgium 15.9%
Median liquidity
1.91
division 1.78 · Belgium 1.66
Filed late
32.2%
financial year 2024, 202 filings · division 32.2% · Belgium 38.4%
Missing or 90 days late
3.3%
of 210 companies with annual accounts · division 3.9% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 40.9%41.2%39.8%41.8%44.1%45.3%
Median net result €51,842€55,580€61,781€60,613€73,534€58,858

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

Bankruptcies

Bankruptcies, 5 years, still registered
8
3.33% of the registrations · Belgium 1.68%
Running bankruptcies
9
37.5 per 1,000 registrations

Recent bankruptcies

Date Company
28-10-2026 LTB LIFTTECHNISCH BUREAU
BE 0446.896.717
25-09-2026 SANTERMANS LIFTEN
BE 0667.776.506
13-11-2025 RM ENGINEERING
BE 0599.958.757
01-08-2025 Flemac
BE 0829.684.154
16-07-2025 MERCURA INDUSTRIES
BE 0861.178.272
04-11-2024 VENNENS E.M.I.
BE 0649.601.575
20-08-2024 DAINA LIFT
BE 0769.490.607
26-06-2024 Tigges, Edward
BE 0875.408.667 · sole trader · Pelt

Every bankruptcy in division 28, last 90 days

Spread across the country

by region and province · 232 of 240 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 169 · 72.8%
  • Wallonia 51 · 22.0%
  • Brussels 8 · 3.4%
  • Abroad 4 · 1.7%
fewer moremax 45

Largest employers

NACE 28220 as first main activity · staff from the latest accounts
  1. 1 TVH PARTSWaregem 1,648 FTEfinancial year 2025
  2. 2 KONE BELGIUMBrussels 664 FTEfinancial year 2025
  3. 3 CERATECComines-Warneton 459 FTEfinancial year 2025
  4. 4 SCHINDLERDrogenbos 453 FTEfinancial year 2025
  5. 5 ORONAWaregem 329 FTEfinancial year 2025

Joint committees

from the latest accounts of 128 companies
  • 209 White-collar workers in metal manufacturing 97
  • 111 Metal, mechanical and electrical engineering 90
  • 200 Auxiliary committee for white-collar workers 13
  • 149.04 Metal trade 8
  • 112 Garages 4
  • 116 Chemical industry 2
  • 109 Clothing and garment industry 1
  • 124 Construction 1
Show the 6 others
  • 140.03 Road transport and logistics for third parties 1
  • 149.01 Electricians: installation and distribution 1
  • 149.02 Coachwork 1
  • 201 Independent retail 1
  • 207 White-collar workers in the chemical industry 1
  • 215 White-collar workers in the clothing and garment industry 1

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

Division 28: Machinery and equipment

Related activities

11 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 €83,500 €74,900 to €95,000 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 €58,858 is above Belgium's €16,500. 6.1% of the annual accounts show negative equity, against 12.4% in Belgium. 18.7% of the annual accounts close with a loss, against 26.7% in Belgium.

Inflow and structure. Half of the companies are younger than 26.3 years, against 8.1 years in Belgium. 3.3% of the companies are sole traders, against 41.6% in Belgium. This activity holds 10.5% of the registrations of Machinery and equipment.

Staff and filing. 32.2% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 3,553 of the 5,370 FTE: 66.2%.

Direction. Median solvency rose from 40.9% in financial year 2020 to 45.3% in financial year 2025. The median net result rose from €51,842 in financial year 2020 to €58,858 in financial year 2025.

The comparison with Belgium as a whole and with the other divisions is as of 08-11-2026 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 28220 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 1,276,474 companies with a main activity, because only those belong to a division. The other 699,509 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.