Manufacture of furniture
Activities
NACE division 31 · 5 activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Manufacture of dining room, living room, bedroom and bathroom furniture31004 | 1,456 | 63 | 6 | 2,814 |
| Manufacture of furniture31002 | 603 | 20 | 2 | 1,785 |
| Manufacture of furniture31009 | 454 | 28 | 3 | 238 |
| Manufacture of furniture31001 | 441 | 22 | 5 | 977 |
| Manufacture of furniture31003 | 56 | 3 | 1 | 933 |
Filed accounts
NACE division 31 · financial year 2025 · 1,262 filed annual accounts| Per financial year | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Median solvency | - | - | 34.7% | 35.3% | 35.8% | 38.7% | 38.8% | 40.6% |
| Median net result | - | - | €9,663 | €14,228 | €8,861 | €8,538 | €7,705 | €8,090 |
| Filed late | 39.2% | 46.1% | 41.5% | 41.2% | 39.0% | 38.7% | 36.9% | - |
Hold your customer's or competitor's figures against them in the Sector benchmark
Staff cost per FTE in NACE division 31
294 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €53,300 | €44,700 to €63,200 | 145 |
| 10 to 49 FTE | €60,700 | €53,700 to €67,900 | 121 |
| 50 to 249 FTE | €59,200 | €54,600 to €65,500 | 28 |
Employers with the highest staff cost per FTE in this division All sectors by staff cost In the Analysis workbench
Bankruptcies
Bankruptcies per year in division 31
| Per year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcies | 26 | 21 | 19 | 26 | 18 | 16 | 15 | 22 | 18 | 28 | 20 | 14 |
| Jobs lost | 191 | 60 | 39 | 87 | 37 | 237 | 44 | 79 | 358 | 103 | 133 | 62 |
2026 through September. Every bankruptcy, also of companies that have since left the register. Source: Statbel (Directorate-General Statistics), NACE classification of 2008.
Recent bankruptcies
| Date | Company |
|---|---|
| 14-10-2026 | BOUWVOORDEEL
BE 0705.966.493 |
| 06-10-2026 | OKA VLAANDEREN
BE 0764.312.983 |
| 11-09-2026 | ATELIER QUATRE MAINS
BE 0415.168.611 |
| 04-09-2026 | Soudant, Marcus
BE 0697.309.541 · sole trader · Maasmechelen |
| 31-08-2026 | NEW-HERMAT
BE 0434.068.169 |
| 21-08-2026 | WEYTEN
BE 0780.792.887 |
| 01-07-2026 | MENUISERIE DE FRUTOS
BE 0473.460.661 |
| 22-06-2026 | SO SWEET!HOMES DECO&IMMO
BE 0795.127.707 |
Spread across the country
by region and province · 1,608 of 2,944 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
- Abroad
This sector's balance sheets on the map, by municipality and down to the address
Largest employers
NACE division 31 · staff from the latest accounts- 1 DOVY KEUKENSRoeselare 233 FTEfinancial year 2025
- 2 SEDAC - MECOBELWevelgem 202 FTEfinancial year 2025
- 3 PotteauKortrijk 137 FTEfinancial year 2025
- 4 Polypreen BelgiëLommel 135 FTEfinancial year 2025
- 5 Hilding Anders BelgiumKruisem 111 FTEfinancial year 2024
Joint committees
from the latest accounts of 563 companies- 126 Furnishing and woodworking 327
- 200 Auxiliary committee for white-collar workers 154
- 124 Construction 129
- 201 Independent retail 50
- 209 White-collar workers in metal manufacturing 34
- 111 Metal, mechanical and electrical engineering 29
- 120 Textile industry 18
- 100 Auxiliary committee for blue-collar workers 16
Show the 12 others
- 214 White-collar workers in the textile industry 16
- 109 Clothing and garment industry 8
- 116 Chemical industry 5
- 149.04 Metal trade 5
- 207 White-collar workers in the chemical industry 5
- 149.01 Electricians: installation and distribution 4
- 215 White-collar workers in the clothing and garment industry 4
- 323 Building management, estate agents and domestic staff 3
- 125.03 Timber trade 2
- 302 Hotels and catering 2
- 105 Non-ferrous metals 1
- 140.03 Road transport and logistics for third parties 1
Source: the annual accounts at the National Bank. One filing can name more than one committee.
4 of the 1,263 companies in NACE division 31 have a parent company abroad. Main parent countries: Austria (1), France (1) and Netherlands (1). Together they employ 219 of the division's 6,747 FTE: 3.2%, against 14% for Belgium as a whole.
Subsidies in this sector
per register · legal entities with an enterprise number- Flemish subsidies €9.3m awarded
- Wallonia-Brussels Federation €12,000 paid
- EU budget €882,079 attributed share
Insights on Furniture
Balance sheet and result. Return on equity of 8.3% is below Belgium's 15.9%. The median net result of €9,556 is below Belgium's €16,539. 14.3% of the annual accounts show negative equity, against 12.4% in Belgium.
Bankruptcies. The median bankruptcy probability of 0.5% is above Belgium's 0.2%. By size, the median bankruptcy probability is 0.6% at under 10 FTE, 0.3% at 10 to 49 FTE and 0.4% at 50 to 249 FTE.
Inflow and structure. Half of the companies are younger than 13.4 years, against 8.1 years in Belgium. In 12 months, 4.6 of 100 companies started, against 8.8 in Belgium. That is fewer than in 72% of the 86 other NACE divisions.
Staff and filing. The 5 largest employers hold 818 of the 6,747 FTE: 12.1%.
Direction. Median solvency rose from 34.7% in financial year 2020 to 40.6% in financial year 2025. The median net result fell from €9,663 in financial year 2020 to €8,090 in financial year 2025. In 2025, Statbel counted 20 bankruptcies and 133 jobs lost, against 16 bankruptcies in 2020.
The comparison with Belgium as a whole and with the other divisions is as of 05-11-2026 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 31 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 1,275,887 companies with a main activity, because only those belong to a division. The other 699,448 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.