Manufacture of motor vehicles
Filed accounts
NACE 29100 · financial year 2025 · 70 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 38.0% | 35.9% | 37.6% | 34.1% | 39.0% | 39.2% |
| Median net result | €10,706 | €21,023 | €47,798 | €54,304 | €38,436 | €42,272 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 17-02-2026 | Carrosserie Van Dijck
BE 0431.534.687 |
| 10-06-2025 | ADDAX MOTORS
BE 0637.770.347 |
| 29-11-2024 | IMANI
BE 0835.211.372 |
| 12-04-2024 | Van Hool
BE 0404.060.032 |
Spread across the country
by region and province · 92 of 112 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
- Abroad
The balance sheets of division 29 on the map, by municipality and down to the address
Largest employers
NACE 29100 as first main activity · staff from the latest accounts- 1 VOLVO CAR BELGIUM NVGhent 5,497 FTEfinancial year 2025
- 2 VOLVO GROUP BELGIUMGhent 3,810 FTEfinancial year 2025
- 3 Van HoolLier 2,536 FTEfinancial year 2022
- 4 DAF TRUCKS VLAANDERENWesterlo 1,915 FTEfinancial year 2025
- 5 VDL Bus RoeselareRoeselare 385 FTEfinancial year 2025
Joint committees
from the latest accounts of 42 companies- 111 Metal, mechanical and electrical engineering 20
- 209 White-collar workers in metal manufacturing 20
- 200 Auxiliary committee for white-collar workers 15
- 112 Garages 13
- 149.02 Coachwork 7
- 100 Auxiliary committee for blue-collar workers 1
- 124 Construction 1
- 140.03 Road transport and logistics for third parties 1
Show the 2 others
- 201 Independent retail 1
- 314 Hairdressing and beauty care 1
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Division 29: Motor vehicles
Related activities
4 other activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Manufacture of bodies and coachwork for motor vehicles29201 | 250 | 16 | 1 | 648 |
| Manufacture of other parts and accessories for motor vehicles29320 | 190 | 8 | 1 | 5,655 |
| Manufacture of trailers and semi-trailers29202 | 131 | 10 | 2 | 967 |
| Manufacture of electrical and electronic equipment for motor vehicles29310 | 71 | 3 | 1 | 566 |
Bankruptcies per year in division 29
| Per year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcies | 5 | 6 | 8 | 2 | 6 | 3 | 8 | 4 | 6 | 3 | 8 | 4 |
| Jobs lost | 349 | 50 | 11 | 5 | 8 | 6 | 9 | 61 | 91 | 2,470 | 14 | 242 |
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 29
148 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €60,200 | €49,000 to €72,400 | 62 |
| 10 to 49 FTE | €66,700 | €60,400 to €78,000 | 48 |
| 50 to 249 FTE | €73,600 | €63,100 to €86,200 | 26 |
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 29
437 registered companiesSubsidies in this sector
per register · legal entities with an enterprise number- Flemish subsidies €31.1m awarded
- Federal transfers 401,225 amount as published
- EU budget €1.1m attributed share
- EU research €6.9m EU contribution
Insights on Manufacture of motor vehicles
Balance sheet and result. The median net result of €42,272 is above Belgium's €16,492. Return on equity of 8.6% is below Belgium's 15.9%. 17.1% of the annual accounts show negative equity, against 12.4% in Belgium.
Bankruptcies. The median bankruptcy probability of 0.3% is above Belgium's 0.2%.
Inflow and structure. Half of the companies are younger than 17.4 years, against 8.1 years in Belgium. 17.0% of the companies are sole traders, against 41.6% in Belgium. This activity holds 15.1% of the registrations of Motor vehicles.
Staff and filing. 31.3% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 14,143 of the 15,241 FTE: 92.8%.
Direction. Median solvency rose from 38.0% in financial year 2020 to 39.2% in financial year 2025. The median net result rose from €10,706 in financial year 2020 to €42,272 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 29100 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.