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Other manufacturing

Current registrations 247division 32: 5,409
Starters, 12 months 104.0 per 100 · Belgium 8.9
Employment (FTE) 253 employers · latest accounts
Median age 10.5 yearsBelgium 8.1 years
E-invoicing via Peppol 90.7%224 of 247 companies in the Peppol Directory · Belgium 85.0%

No bankruptcy in the past five years.

Filed accounts

NACE 32200 · financial year 2025 · 49 filed annual accounts
Median solvency
62.0%
division 43.0% · Belgium 46.1%
Median net result
€4,660
division €13,612 · Belgium €16,520
Median equity
€84,006
division €114,395 · Belgium €98,421
Loss-making
28.6%
division 29.3% · Belgium 26.7%
Negative equity
14.3%
division 15.4% · Belgium 12.4%
Median return on equity
6.5%
division 13.4% · Belgium 15.9%
Median liquidity
2.16
division 1.69 · Belgium 1.66
Filed late
44.0%
financial year 2024, 50 filings · division 39.3% · Belgium 38.4%
Missing or 90 days late
7.8%
of 51 companies with annual accounts · division 5.8% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 57.8%54.7%56.6%57.3%53.4%62.0%
Median net result €12,793€6,196€7,051€5,990€5,379€4,660

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

Spread across the country

by region and province · 72 of 247 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 36 · 50.0%
  • Wallonia 17 · 23.6%
  • Brussels 13 · 18.1%
  • Abroad 6 · 8.3%
fewer moremax 13

Largest employers

NACE 32200 as first main activity · staff from the latest accounts
  1. 1 MAENE-DOUTRELIGNEWingene 11.2 FTEfinancial year 2025
  2. 2 ORGELBAU SCHUMACHER - MANUFACTURE D'ORGUES SCHUMACHEREupen 10.3 FTEfinancial year 2025
  3. 3 Orgues De FactoBrussels 3.7 FTEfinancial year 2025

Joint committees

from the latest accounts of 14 companies
  • 126 Furnishing and woodworking 8
  • 209 White-collar workers in metal manufacturing 3
  • 201 Independent retail 2
  • 100 Auxiliary committee for blue-collar workers 1
  • 111 Metal, mechanical and electrical engineering 1
  • 140 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

12 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Manufacture of jewellery32123 1,528 197 5 215
Manufacture of medical and dental instruments and supplies32500 1,235 53 6 3,658
Other manufacturing not elsewhere classified32990 918 236 2 2,083
Manufacture of imitation jewellery and related articles32130 708 98 1 10
Other manufacturing32400 337 50 1 820
Other manufacturing32121 148 2 2 70
Show all 12 activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Other manufacturing32300 115 12 1 59
Other manufacturing32124 76 8 0 1
Other manufacturing32129 39 6 0 -
Other manufacturing32122 38 4 0 3
Other manufacturing32910 23 1 0 121
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. The median net result of €4,660 is below Belgium's €16,520. Return on equity of 6.5% is below Belgium's 15.9%. Solvency of 62.0% is above Belgium's 46.1%.

Bankruptcies. The median bankruptcy probability of 0.3% is above Belgium's 0.2%.

Inflow and structure. 70.9% of the companies are sole traders, against 41.6% in Belgium. Brussels holds 19.7% of the seats, against 12.5% in Belgium. In 12 months, 4.0 of 100 companies started, against 8.9 in Belgium. That is fewer than in 78% of the 87 NACE divisions.

Staff and filing. 44.0% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 3 largest employers hold 25 of the 25 FTE: 100.0%.

Direction. Median solvency rose from 57.8% in financial year 2020 to 62.0% in financial year 2025. The median net result fell from €12,793 in financial year 2020 to €4,660 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 32200 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.