Other manufacturing

NACE 322 · division 32 Other manufacturing

Current registrations 247division 32: 5,407

Starters, 12 months 674division 32 · 12.5 per 100 · Belgium 7.5

Employment (FTE) 9,655division 32 · financial year 2025

Median age 6.9 yearsdivision 32 · Belgium 10.7 years

No bankruptcy in the past five years.

Filed accounts of the division

NACE division 32 · financial year 2025 · 1,411 filed annual accounts

Median solvency

43.0%

Belgium 46.2%

Median net result

€13,652

Belgium €16,549

Median equity

€114,489

Belgium €98,514

Loss-making

29.1%

Belgium 26.7%

Negative equity

15.3%

Belgium 12.4%

Median return on equity

13.4%

Belgium 15.9%

Median liquidity

1.69

Belgium 1.66

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
Size	Median	Middle half	Employers
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

Spread across the country

by region and province · 72 of 247 enterprises with a registered office on file

Flanders 37 · 51.4%
Wallonia 22 · 30.6%
Brussels 13 · 18.1%

West Flanders WVL 8

East Flanders OVL 8

Antwerp ANT 9

Flemish Brabant VLB 8

Limburg LIM 4

Brussels BRU 13

Hainaut HAI 4

Walloon Brabant WBR 3

Namur NAM 4

Liège LIE 9

Luxembourg LUX 2

fewer moremax 13

This sector's balance sheets on the map, by municipality and down to the address

Largest employers

NACE division 32 · staff from the latest accounts

1 MATERIALISELeuven 606 FTEfinancial year 2025
2 Jean Del'courGrâce-Hollogne 548 FTEfinancial year 2025
3 VIGOWetteren 516 FTEfinancial year 2025
4 Cartamundi TurnhoutTurnhout 376 FTEfinancial year 2025
5 MOLNLYCKE HEALTH CAREWaremme 300 FTEfinancial year 2025

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 7,071 FTE; Belgium 15%

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 €14.7m eu contribution 13 recipients · 2009 to 2027 · largest: Horizon Europe

Explore every recipient in this sector

Insights on Other manufacturing

The number of starters per 100 companies in NACE division 32 is higher than that of 90% of the 87 NACE divisions with this figure.

This sector's historical share is lower than that of 91% of the 88 NACE divisions with this figure.

The median bankruptcy probability in NACE division 32 is 0.3%, against 0.2% for Belgium as a whole. It is computed over 1,710 scored companies.

The comparison with Belgium as a whole and with the other divisions is as of 04-11-2026 05:30.

Method and sources

Every company registered today counts under its main activities in the KBO. Establishment units do not count. The count follows the NACE 2025 classification, the version in which code 322 exists.

The historical share is the share of current registrations for which a bankruptcy opening was published in the past five years. A company with more than one main activity counts in each of those sectors. The historical share is not a future bankruptcy probability.

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 "higher than 80%" compares with the other divisions that have the figure. A division's bankruptcy probability is the median over its companies with a score. Their number is given with the figure.

The filed-accounts figures cover the whole NACE division 32, not only NACE 322. There are too few filed annual accounts per five-digit code to compute them separately. Each median is the value of the middle company, computed over the division's 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.