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Other manufacturing

NACE 32129 · division 32 Other manufacturing
Current registrations 39division 32: 5,409
Starters, 12 months 615.4 per 100 · Belgium 8.9
Median age 5.5 yearsBelgium 8.1 years
E-invoicing via Peppol 87.2%34 of 39 companies in the Peppol Directory · Belgium 85.0%

No bankruptcy in the past five years.

Spread across the country

by region and province · 11 of 39 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 6 · 54.5%
  • Wallonia 4 · 36.4%
  • Brussels 1 · 9.1%
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The balance sheets of division 32 on the map, by municipality and down to the address

Companies

39 with this main activity

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 manufacturing32121 148 2 2 70
Other manufacturing32124 76 8 0 1
Other manufacturing32122 38 4 0 3
Other manufacturing32110 11 1 0 4

Filed accounts of the division

NACE division 32 · financial year 2025 · 1,416 filed annual accounts
Median solvency
43.0%
Belgium 46.1%
Median net result
€13,612
Belgium €16,520
Median equity
€114,395
Belgium €98,421
Loss-making
29.3%
Belgium 26.7%
Negative equity
15.4%
Belgium 12.4%
Median return on equity
13.4%
Belgium 15.9%
Median liquidity
1.69
Belgium 1.66
Filed late
39.3%
financial year 2024, 1,198 filings · Belgium 38.4%
Missing or 90 days late
5.8%
of 1,538 companies with annual accounts · Belgium 5.4%
Per financial year20182019202020212022202320242025
Median solvency --41.4%42.6%42.3%43.5%42.6%42.9%
Median net result --€12,301€16,389€13,914€12,368€10,301€11,640
Filed late 43.2%49.8%46.2%43.9%43.0%42.2%39.3%-

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

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

Employers with the highest staff cost per FTE in this division All sectors by staff cost In the Analysis workbench

Foreign control in NACE division 32

1,686 registered companies
Companies with a foreign parent
1.0%
17 of 1,686; Belgium 0.3%
Staff at those companies
15%
1,070 of 7,070 FTE; Belgium 14%

Main parent countries: Netherlands (8), Germany (2) and France (2).Show on the map by municipality

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

Inflow and structure. In 12 months, 15.4 of 100 companies started, against 8.9 in Belgium. That is more than in 94% of the 87 NACE divisions. 71.8% of the companies are sole traders, against 41.6% in Belgium. Half of the companies are younger than 5.5 years, against 8.1 years in Belgium.

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 32129 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.

For NACE 32129, 7 annual accounts of financial year 2025 were filed. That is too few for a median, which needs at least 30.

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