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Manufacture of machinery and equipment not elsewhere classified

NACE 28920 · division 28 Machinery and equipment
Current registrations 40division 28: 2,290
Starters, 12 months 37.5 per 100 · Belgium 8.9
Employment (FTE) 1288 employers · latest accounts
Median age 22.3 yearsBelgium 8.1 years
E-invoicing via Peppol 92.5%37 of 40 companies in the Peppol Directory · Belgium 85.0%

No bankruptcy in the past twelve months.

Bankruptcies

Bankruptcies, 5 years, still registered
1
2.50% of the registrations · Belgium 1.68%

Recent bankruptcies

Date Company
14-08-2024 Meurisse, Kevin
BE 0771.654.695 · sole trader · Harelbeke

Every bankruptcy in division 28, last 90 days

Spread across the country

by region and province · 34 of 40 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 20 · 58.8%
  • Wallonia 13 · 38.2%
  • Abroad 1 · 2.9%
fewer moremax 8

The balance sheets of division 28 on the map, by municipality and down to the address

Largest employers

NACE 28920 as first main activity · staff from the latest accounts
  1. 1 MECANIQUE DE PRECISION COLINETLe Roeulx 53.8 FTEfinancial year 2025
  2. 2 AEROCOM GmbH en Co. COMMUNICATIONSSYSTEMESchwäbisch Gmünd 18.9 FTEfinancial year 2025
  3. 3 LASETOLier 15.8 FTEfinancial year 2025
  4. 4 VERSCHUERE SUSTAINABLE RECYCLING TECHNOLOGYPecq 13.9 FTEfinancial year 2025
  5. 5 BUILDING MATERIAL FACTORYHerstal 10.8 FTEfinancial year 2025

Companies

40 with this main activity

Joint committees

from the latest accounts of 16 companies
  • 111 Metal, mechanical and electrical engineering 12
  • 209 White-collar workers in metal manufacturing 11
  • 200 Auxiliary committee for white-collar workers 4
  • 149 Sectors related to metal, mechanical and electrical engineering 1
  • 149.01 Electricians: installation and distribution 1
  • 149.04 Metal trade 1

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

Division 28: Machinery and equipment

Related activities

6 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Manufacture of machinery and equipment not elsewhere classified28990 341 12 3 2,941
Manufacture of machinery and equipment not elsewhere classified28930 126 4 1 548
Manufacture of machinery and equipment not elsewhere classified28940 46 2 0 1,323
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 of the division

NACE division 28 · financial year 2025 · 1,650 filed annual accounts
Median solvency
44.4%
Belgium 46.1%
Median net result
€34,717
Belgium €16,490
Median equity
€464,801
Belgium €98,313
Loss-making
24.4%
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%
Missing or 90 days late
3.8%
of 1,763 companies with annual accounts · Belgium 5.4%
Per financial year20182019202020212022202320242025
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

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

645 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 €62,300 to €86,500 252
50 to 249 FTE €83,500 €74,900 to €95,000 92

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

Foreign control in NACE division 28

1,697 registered companies
Companies with a foreign parent
3.2%
55 of 1,697; Belgium 0.3%
Staff at those companies
39%
12,151 of 31,233 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 Manufacture of machinery and equipment not elsewhere classified

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

Inflow and structure. Half of the companies are younger than 22.3 years, against 8.1 years in Belgium. Wallonia holds 39.4% of the seats, against 22.7% in Belgium. 15.0% of the companies are sole traders, against 41.6% in Belgium.

Staff and filing. The 5 largest employers hold 113 of the 128 FTE: 88.2%.

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 28920 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.

For NACE 28920, 29 annual accounts of financial year 2025 were filed. That is too few for a median, which needs at least 30.

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