Skip to content

Manufacture of furniture

NACE 31003 · division 31 Furniture
Current registrations 56division 31: 2,941
Starters, 12 months 35.4 per 100 · Belgium 8.9
Bankruptcies, 12 months 117.9 per 1,000 registrations · Belgium 6.2
Employment (FTE) 93324 employers · latest accounts
Median age 31.8 yearsBelgium 8.1 years
E-invoicing via Peppol 89.3%50 of 56 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 31003 · financial year 2025 · 39 filed annual accounts
Median solvency
36.9%
division 39.6% · Belgium 46.1%
Median net result
€21,244
division €9,446 · Belgium €16,497
Median equity
€573,677
division €129,259 · Belgium €98,338
Loss-making
30.8%
division 30.1% · Belgium 26.7%
Negative equity
20.5%
division 14.2% · Belgium 12.4%
Median return on equity
7.6%
division 8.3% · Belgium 15.9%
Median liquidity
1.62
division 1.61 · Belgium 1.66
Filed late
35.7%
financial year 2024, 42 filings · division 36.9% · Belgium 38.4%
Missing or 90 days late
8.5%
of 47 companies with annual accounts · division 3.8% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 35.7%37.7%35.3%35.0%35.3%36.9%
Median net result €79,413€39,049€5,914€7,384€18,470€21,244

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

Bankruptcies

Bankruptcies, 5 years, still registered
4
7.14% of the registrations · Belgium 1.68%
Running bankruptcies
5
89.3 per 1,000 registrations

Recent bankruptcies

Date Company
31-08-2026 NEW-HERMAT
BE 0434.068.169
11-12-2024 SLEEPING SOLUTIONS PRODUCTION
BE 0431.545.773
20-08-2024 ACRO BEDDING
BE 0454.189.236
01-08-2023 VELDEMAN BEDDING
BE 0436.960.848

Every bankruptcy in division 31, last 90 days

Spread across the country

by region and province · 50 of 56 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 44 · 88.0%
  • Wallonia 4 · 8.0%
  • Brussels 2 · 4.0%
fewer moremax 16

The balance sheets of division 31 on the map, by municipality and down to the address

Largest employers

NACE 31003 as first main activity · staff from the latest accounts
  1. 1 VELDEMAN BEDDINGOudsbergen 197 FTEfinancial year 2021
  2. 2 Polypreen BelgiëLommel 135 FTEfinancial year 2025
  3. 3 Hilding Anders BelgiumKruisem 111 FTEfinancial year 2024
  4. 4 LS BEDDINGMaldegem 107 FTEfinancial year 2025
  5. 5 Matrassenfabriek Van LandschootMaldegem 67.9 FTEfinancial year 2025

Companies

56 with this main activity

Joint committees

from the latest accounts of 28 companies
  • 120 Textile industry 16
  • 214 White-collar workers in the textile industry 15
  • 126 Furnishing and woodworking 4
  • 116 Chemical industry 3
  • 207 White-collar workers in the chemical industry 3
  • 109 Clothing and garment industry 2
  • 215 White-collar workers in the clothing and garment industry 2
  • 100 Auxiliary committee for blue-collar workers 1
Show the 4 others
  • 200 Auxiliary committee for white-collar workers 1
  • 201 Independent retail 1
  • 209 White-collar workers in metal manufacturing 1
  • 340 Orthopaedic technologies 1

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

Division 31: Furniture

Related activities

4 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Manufacture of dining room, living room, bedroom and bathroom furniture31004 1,455 63 6 2,814
Manufacture of furniture31002 602 19 2 1,785
Manufacture of furniture31009 454 28 3 238
Manufacture of furniture31001 440 22 5 977

Bankruptcies per year in division 31

Per year201520162017201820192020202120222023202420252026
Bankruptcies262119261816152218282014
Jobs lost19160398737237447935810313362

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 31

294 employers
Median
€56,600
Belgium €61,400
Middle half
€50,000 to €66,300
half of the employers lie between
Place among sectors
64 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
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

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 317 recipients · 2022 to 2025 · largest: Vlaams opleidingsverlof (VOV)
  • Wallonia-Brussels Federation €12,000 paid 3 recipients · 2023 to 2025 · largest: Unnamed in the register
  • EU budget €882,079 attributed share 2 recipients · 2021 to 2025 · largest: General equipment, vehicle, furniture

Explore every recipient in this sector

Insights on Manufacture of furniture

Balance sheet and result. 20.5% of the annual accounts show negative equity, against 12.4% in Belgium. Return on equity of 7.6% is below Belgium's 15.9%. The median net result of €21,244 is above Belgium's €16,497.

Bankruptcies. The median bankruptcy probability of 0.4% is above Belgium's 0.2%.

Inflow and structure. Half of the companies are younger than 31.8 years, against 8.1 years in Belgium. 10.7% of the companies are sole traders, against 41.6% in Belgium. Flanders holds 88.0% of the seats, against 64.7% in Belgium.

Staff and filing. The 5 largest employers hold 617 of the 933 FTE: 66.2%.

Direction. Median solvency rose from 35.7% in financial year 2020 to 36.9% in financial year 2025. The median net result fell from €79,413 in financial year 2020 to €21,244 in financial year 2025.

The comparison with Belgium as a whole and with the other divisions is as of 09-11-2026 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 31003 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 1,276,461 companies with a main activity, because only those belong to a division. The other 699,442 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.

We would like to set cookies. That happens only with your consent. What we measure