Manufacture of furniture
Filed accounts
NACE 31009 · financial year 2025 · 129 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 28.8% | 35.5% | 26.8% | 28.9% | 28.2% | 32.5% |
| Median net result | €9,806 | €10,593 | €7,880 | €4,453 | €7,848 | €5,540 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 06-10-2026 | OKA VLAANDEREN
BE 0764.312.983 |
| 05-12-2025 | De Meyer, Alain
BE 0647.427.092 · sole trader · Wetteren |
| 27-11-2025 | ZD artmebel 2009
BE 0792.942.930 |
| 19-06-2024 | MAWE
BE 0691.884.469 |
| 21-05-2024 | SAW Designs
BE 0777.554.869 |
Spread across the country
by region and province · 183 of 454 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
- Abroad
The balance sheets of division 31 on the map, by municipality and down to the address
Largest employers
NACE 31009 as first main activity · staff from the latest accounts- 1 HAELVOETIngelmunster 61.2 FTEfinancial year 2026
- 2 ROYAL BOTANIANijlen 35.5 FTEfinancial year 2025
- 3 EXTREMISPoperinge 24.8 FTEfinancial year 2025
- 4 NORMKortrijk 19.4 FTEfinancial year 2025
- 5 NV VAN HOOFOpwijk 13.5 FTEfinancial year 2025
Joint committees
from the latest accounts of 47 companies- 126 Furnishing and woodworking 18
- 200 Auxiliary committee for white-collar workers 16
- 124 Construction 8
- 209 White-collar workers in metal manufacturing 6
- 100 Auxiliary committee for blue-collar workers 4
- 111 Metal, mechanical and electrical engineering 4
- 201 Independent retail 2
- 323 Building management, estate agents and domestic staff 2
Show the 4 others
- 105 Non-ferrous metals 1
- 116 Chemical industry 1
- 125.03 Timber trade 1
- 207 White-collar workers in the chemical industry 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 | 1,456 | 63 | 6 | 2,814 |
| Manufacture of furniture31002 | 603 | 20 | 2 | 1,785 |
| Manufacture of furniture31001 | 441 | 22 | 5 | 977 |
| Manufacture of furniture31003 | 56 | 3 | 1 | 933 |
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.
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
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 Manufacture of furniture
Balance sheet and result. 22.5% of the annual accounts show negative equity, against 12.4% in Belgium. The median net result of €5,540 is below Belgium's €16,520. 35.7% of the annual accounts close with a loss, against 26.7% in Belgium.
Bankruptcies. The median bankruptcy probability of 1.1% is above Belgium's 0.2%.
Inflow and structure. 59.7% of the companies are sole traders, against 41.6% in Belgium. In 12 months, 6.2 of 100 companies started, against 8.9 in Belgium. That is fewer than in 60% of the 87 NACE divisions. Wallonia holds 28.2% of the seats, against 22.7% in Belgium.
Staff and filing. The 5 largest employers hold 154 of the 238 FTE: 64.8%.
Direction. Median solvency rose from 28.8% in financial year 2020 to 32.5% in financial year 2025. The median net result fell from €9,806 in financial year 2020 to €5,540 in financial year 2025.
The comparison with Belgium as a whole and with the other divisions is as of 06-11-2026 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 31009 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 1,276,581 companies with a main activity, because only those belong to a division. The other 698,987 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.