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Manufacture of jewellery

Current registrations 1,529division 32: 5,407
Starters, 12 months 19812.9 per 100 · Belgium 8.9
Bankruptcies, 12 months 53.3 per 1,000 registrations · Belgium 6.2
Employment (FTE) 21528 employers · latest accounts
Median age 6.0 yearsBelgium 8.1 years
E-invoicing via Peppol 83.6%1,279 of 1,529 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 32123 · financial year 2025 · 237 filed annual accounts
Median solvency
35.3%
division 43.0% · Belgium 46.1%
Median net result
€11,350
division €13,521 · Belgium €16,490
Median equity
€50,696
division €113,906 · Belgium €98,313
Loss-making
27.7%
division 29.4% · Belgium 26.7%
Negative equity
19.8%
division 15.4% · Belgium 12.4%
Median return on equity
16.3%
division 13.4% · Belgium 15.9%
Median liquidity
1.55
division 1.69 · Belgium 1.66
Filed late
37.9%
financial year 2024, 227 filings · division 39.4% · Belgium 38.4%
Missing or 90 days late
6.6%
of 257 companies with annual accounts · division 5.8% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 28.2%28.5%34.4%33.4%35.3%35.3%
Median net result €7,971€8,766€8,974€7,312€10,179€11,350

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

Bankruptcies

Bankruptcies, 5 years, still registered
9
0.59% of the registrations · Belgium 1.68%
Running bankruptcies
10
6.5 per 1,000 registrations

Recent bankruptcies

Date Company
26-10-2026 Macabre Gadgets
BE 0783.335.574
18-09-2026 MONTE CARLO DIAM
BE 0536.469.584
02-09-2026 SISO
BE 0884.468.269
17-03-2026 P.C. BOSCHMANS
BE 0404.935.804
06-02-2026 Joaillerie Leysen frères
BE 0403.394.195
16-12-2025 Joaillerie Leysen frères
BE 0403.394.195
02-05-2025 Kinsch-Boeckmans, Fabienne
BE 0871.927.258 · sole trader · Waimes
13-05-2024 Cepeda Mamani, Pablo
BE 0763.503.628 · sole trader · Antwerp

Every bankruptcy in division 32, last 90 days

Spread across the country

by region and province · 334 of 1,529 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 234 · 70.1%
  • Wallonia 53 · 15.9%
  • Brussels 46 · 13.8%
  • Abroad 1 · 0.3%
fewer moremax 129

Largest employers

NACE 32123 as first main activity · staff from the latest accounts
  1. 1 DAEMS GROUPNijlen 44.3 FTEfinancial year 2025
  2. 2 BeheytKortrijk 35.8 FTEfinancial year 2025
  3. 3 WOUTERS & HENDRIXAntwerp 24.8 FTEfinancial year 2025
  4. 4 P.C. BOSCHMANSSchoten 18.6 FTEfinancial year 2023
  5. 5 BIJOU BRIGITTESaint-Josse-ten-Noode 10.7 FTEfinancial year 2025

Joint committees

from the latest accounts of 63 companies
  • 201 Independent retail 35
  • 149.03 Precious metals 31
  • 200 Auxiliary committee for white-collar workers 13
  • 149 Sectors related to metal, mechanical and electrical engineering 3
  • 100 Auxiliary committee for blue-collar workers 2
  • 227 Audiovisual sector 1
  • 302 Hotels and catering 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 imitation jewellery and related articles32130 707 98 1 10
Other manufacturing32121 148 2 2 70
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

261 employers
Median
€62,200
Belgium €61,400
Middle half
€51,500 to €78,300
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 €56,600 €46,600 to €71,900 146
10 to 49 FTE €64,800 €57,200 to €84,900 91

Foreign control in NACE division 32

1,685 registered companies

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €28.2m awarded 232 recipients · 2022 to 2025 · largest: Onderzoeksproject
  • 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
  • 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)
  • 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 Manufacture of jewellery

Balance sheet and result. 19.8% of the annual accounts show negative equity, against 12.4% in Belgium. The median net result of €11,350 is below Belgium's €16,490. Solvency of 35.3% is below Belgium's 46.1%.

Bankruptcies. In 12 months, 3.3 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is fewer than in 61% of the 88 NACE divisions. The median bankruptcy probability of 0.4% is above Belgium's 0.2%.

Inflow and structure. 78.2% of the companies are sole traders, against 41.6% in Belgium. In 12 months, 12.9 of 100 companies started, against 8.9 in Belgium. That is more than in 91% of the 87 NACE divisions. Half of the companies are younger than 6.0 years, against 8.1 years in Belgium.

Staff and filing. The 5 largest employers hold 134 of the 215 FTE: 62.4%.

Direction. Median solvency rose from 28.2% in financial year 2020 to 35.3% in financial year 2025. The median net result rose from €7,971 in financial year 2020 to €11,350 in financial year 2025.

The comparison with Belgium as a whole and with the other divisions is as of 11-11-2026 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 32123 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 1,276,472 companies with a main activity, because only those belong to a division. The other 699,781 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.