Manufacture of machinery and equipment not elsewhere classified
No bankruptcy in the past five years.
Filed accounts
NACE 28940 · financial year 2025 · 33 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 49.3% | 53.1% | 51.6% | 54.6% | 61.5% | 67.8% |
| Median net result | €70,835 | €119,147 | €283,231 | €89,073 | €60,036 | €51,530 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Spread across the country
by region and province · 43 of 46 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
- Abroad
The balance sheets of division 28 on the map, by municipality and down to the address
Largest employers
NACE 28940 as first main activity · staff from the latest accounts- 1 PICANOLYpres 621 FTEfinancial year 2025
- 2 VANDEWIELEKortrijk 464 FTEfinancial year 2025
- 3 GilbosAalst 65.4 FTEfinancial year 2025
- 4 Werkhuizen LapauwKortrijk 54.2 FTEfinancial year 2025
- 5 HANDSAEME-MACHINERYIzegem 35.6 FTEfinancial year 2025
Companies
46 with this main activity- PICANOL Ypres · 621 FTE
- VANDEWIELE Kortrijk · 464 FTE
- VYTECH MENEN Menen · 76.1 FTE
- Gilbos Aalst · 65.4 FTE
- Werkhuizen Lapauw Kortrijk · 54.2 FTE
- HANDSAEME-MACHINERY Izegem · 35.6 FTE
- MATTHYS Waregem · 34.2 FTE
- CRETES Wevelgem · 26.9 FTE
- Motiv Waregem · 25.1 FTE
- LACO MACHINERY Kuurne · 21.5 FTE
- DESMET MACHINEBOUW ENGINEERING Wielsbeke · 19.8 FTE
- FISCHBEIN Anderlecht · 16.6 FTE
- MGC Subcontracting Waregem · 15.2 FTE
- New Crown Service Partners Puurs-Sint-Amands · 15.2 FTE
- ALLIANCE LAUNDRY Saint-Josse-ten-Noode · 12.2 FTE
- T.M.C. MACHINES Ypres · 9.0 FTE
- Qmatex Deerlijk · 7.6 FTE
- VANDEWIELE GROUP Kortrijk · 6.3 FTE
- TEXFINITY Arendonk · 6.1 FTE
- Kadic Wommelgem · 5.3 FTE
- HARTEX Waregem · 4.4 FTE
- Texprofin Waregem · 4.0 FTE
- Construma Harelbeke · 2.4 FTE
- ALLINVENT Kapellen · 0.6 FTE
- DEKKEN Eupen · 0.4 FTE
- ANDRITZ FRANCE SAS ELBEUF
- Bureau Technique José COUMONT Theux
- CENTRALISE Wavre
- Comhaire International & Co Ghent
- Confectiemachines Maes Oostrozebeke
- Cotonnière industrielle et financière Torhout
- F.E. HAMACH Izegem
- F.E. PICANOL GROEP Ypres
- L.C.M.C. Oudenaarde
- LEFEBRE Deerlijk
- LEFEBRE-HOLVOET Waregem
- Matthys Group Waregem
- NICK VERHUE Anzegem
- PIERRET FILS Bouillon
- PIERRET INDUSTRIES Bouillon
- PRS Technics Kruisem
- Schollier, Bert sole trader · Harelbeke
- TECHNITEC Waregem
- Verkest, Geert sole trader · Harelbeke
- YTA Ypres
- Zarriq, Youness sole trader · Geraardsbergen
Joint committees
from the latest accounts of 23 companies- 209 White-collar workers in metal manufacturing 18
- 111 Metal, mechanical and electrical engineering 13
- 120 Textile industry 2
- 149.01 Electricians: installation and distribution 1
- 149.04 Metal trade 1
- 200 Auxiliary committee for white-collar workers 1
- 201 Independent retail 1
- 214 White-collar workers in the textile 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
6 other activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Manufacture of machinery and equipment not elsewhere classified28990 | 340 | 12 | 3 | 2,941 |
| Manufacture of machinery and equipment not elsewhere classified28930 | 126 | 4 | 1 | 548 |
| Manufacture of machinery and equipment not elsewhere classified28920 | 40 | 3 | 0 | 128 |
| 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 |
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.
Staff cost per FTE in NACE division 28
645 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| 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 companiesSubsidies in this sector
per register · legal entities with an enterprise number- Flemish subsidies €109.5m awarded
- Federal transfers 1.3m amount as published
- EU budget €24.3m attributed share
- EU research €28.5m EU contribution
Insights on Manufacture of machinery and equipment not elsewhere classified
Balance sheet and result. The median net result of €51,530 is above Belgium's €16,492. 0.0% of the annual accounts show negative equity, against 12.4% in Belgium. Liquidity of 2.75 is above Belgium's 1.66.
Bankruptcies. The median bankruptcy probability of 0.2% is below Belgium's 0.2%.
Inflow and structure. Half of the companies are younger than 32.8 years, against 8.1 years in Belgium. 6.5% of the companies are sole traders, against 41.6% in Belgium. Flanders holds 83.3% of the seats, against 64.7% in Belgium.
Staff and filing. 21.2% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 1,240 of the 1,323 FTE: 93.8%.
Direction. Median solvency rose from 49.3% in financial year 2020 to 67.8% in financial year 2025. The median net result fell from €70,835 in financial year 2020 to €51,530 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 28940 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.