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Other manufacturing

Current registrations 148division 32: 5,409
Starters, 12 months 21.4 per 100 · Belgium 8.9
Bankruptcies, 12 months 213.5 per 1,000 registrations · Belgium 6.2
Employment (FTE) 708 employers · latest accounts
Median age 20.9 yearsBelgium 8.1 years
E-invoicing via Peppol 93.2%138 of 148 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 32121 · financial year 2025 · 80 filed annual accounts
Median solvency
42.9%
division 43.0% · Belgium 46.1%
Median net result
-€1,066
division €13,601 · Belgium €16,516
Median equity
€139,286
division €114,395 · Belgium €98,395
Loss-making
50.6%
division 29.4% · Belgium 26.7%
Negative equity
26.3%
division 15.4% · Belgium 12.4%
Median return on equity
3.0%
division 13.4% · Belgium 15.9%
Median liquidity
1.84
division 1.69 · Belgium 1.66
Filed late
43.5%
financial year 2024, 85 filings · division 39.3% · Belgium 38.4%
Missing or 90 days late
6.7%
of 90 companies with annual accounts · division 5.8% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 28.3%34.4%36.5%37.0%36.1%42.9%
Median net result €5,302€18,752€17,971€6,965-€942-€1,066

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

Bankruptcies

Bankruptcies, 5 years, still registered
3
2.03% of the registrations · Belgium 1.68%
Running bankruptcies
3
20.3 per 1,000 registrations

Recent bankruptcies

Date Company
08-06-2026 BAITEL DIAMONDS
BE 0420.242.008
13-11-2025 Heyaru International
BE 0801.927.407
22-10-2025 BAITEL DIAMONDS
BE 0420.242.008
09-04-2025 KED DIAMONDS
BE 0829.058.505

Every bankruptcy in division 32, last 90 days

Spread across the country

by region and province · 97 of 148 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 92 · 94.8%
  • Brussels 3 · 3.1%
  • Wallonia 2 · 2.1%
fewer moremax 91

Largest employers

NACE 32121 as first main activity · staff from the latest accounts
  1. 1 HB MANUFACTURINGAntwerp 31.3 FTEfinancial year 2025
  2. 2 TECHNODIAMANT BELGIEHerenthout 14.7 FTEfinancial year 2025
  3. 3 SPITSDIAMNijlen 11.3 FTEfinancial year 2025
  4. 4 VETS ALPHI DIAMONDS MANUFACTURINGAntwerp 4.9 FTEfinancial year 2025
  5. 5 WDB BELGIUMAntwerp 4.2 FTEfinancial year 2025

Joint committees

from the latest accounts of 36 companies
  • 324 Diamond industry and trade 30
  • 200 Auxiliary committee for white-collar workers 25
  • 201 Independent retail 1
  • 226 White-collar workers in international trade, transport and logistics 1

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

Division 32: Other manufacturing

Related activities

6 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Manufacture of jewellery32123 1,528 197 5 215
Manufacture of imitation jewellery and related articles32130 708 98 1 10
Other manufacturing32124 76 8 0 1
Other manufacturing32129 39 6 0 -
Other manufacturing32122 38 4 0 3
Other manufacturing32110 11 1 0 4

Bankruptcies per year in division 32

Per year201520162017201820192020202120222023202420252026
Bankruptcies161517211918121915161515
Jobs lost241572244634163324173427

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 32

262 employers
Median
€62,200
Belgium €61,400
Middle half
€51,400 to €78,200
half of the employers lie between
Place among sectors
54 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €56,400 €46,600 to €71,700 147
10 to 49 FTE €64,800 €57,200 to €84,900 91

Foreign control in NACE division 32

1,686 registered companies

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €28.2m awarded 233 recipients · 2022 to 2025 · largest: Onderzoeksproject
  • Federal transfers 625,300 amount as published 1 recipient · 2023 to 2024 · largest: Steun aan het export in het raam van het OESO Verdrag aangaande export kredieten met de hulp van financiële instrumenten van commerciële of concessionele aard (cf. art. 2.14.6 en 2.14.15 van de wetsbepalingen)
  • Wallonia-Brussels Federation €18,400 paid 4 recipients · 2023 to 2025 · largest: Dotation à WBI dans le cadre de la promotion internationale de_x000D_ Bruxelles
  • EU budget €6.9m attributed share 12 recipients · 2021 to 2025 · largest: Horizon Europe
  • EU research €14.8m EU contribution 13 recipients · 2009 to 2027 · largest: Horizon Europe

Explore every recipient in this sector

Insights on Other manufacturing

Balance sheet and result. 26.3% of the annual accounts show negative equity, against 12.4% in Belgium. The median net result of -€1,066 is below Belgium's €16,516. 50.6% of the annual accounts close with a loss, against 26.7% 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 20.9 years, against 8.1 years in Belgium. Flanders holds 94.8% of the seats, against 64.7% in Belgium. 34.5% of the companies are sole traders, against 41.6% in Belgium.

Staff and filing. 43.5% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 66 of the 70 FTE: 94.9%.

Direction. Median solvency rose from 28.3% in financial year 2020 to 42.9% in financial year 2025. The median net result fell from €5,302 in financial year 2020 to -€1,066 in financial year 2025.

The comparison with Belgium as a whole and with the other divisions is as of 07-11-2026 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 32121 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 1,276,547 companies with a main activity, because only those belong to a division. The other 699,272 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.