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Other manufacturing

Current registrations 337division 32: 5,407
Starters, 12 months 5014.8 per 100 · Belgium 8.9
Bankruptcies, 12 months 13.0 per 1,000 registrations · Belgium 6.2
Employment (FTE) 82017 employers · latest accounts
Median age 6.1 yearsBelgium 8.1 years
E-invoicing via Peppol 80.1%270 of 337 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 32400 · financial year 2025 · 105 filed annual accounts
Median solvency
33.7%
division 43.0% · Belgium 46.1%
Median net result
€7,247
division €13,561 · Belgium €16,497
Median equity
€36,111
division €114,300 · Belgium €98,338
Loss-making
34.3%
division 29.3% · Belgium 26.7%
Negative equity
23.8%
division 15.4% · Belgium 12.4%
Median return on equity
17.0%
division 13.4% · Belgium 15.9%
Median liquidity
1.43
division 1.69 · Belgium 1.66
Filed late
40.0%
financial year 2024, 100 filings · division 39.4% · Belgium 38.4%
Missing or 90 days late
4.5%
of 112 companies with annual accounts · division 5.8% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 34.0%32.3%27.9%26.5%27.9%33.7%
Median net result €3,848€9,826€590€929€4,524€7,247

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

Bankruptcies

Bankruptcies, 5 years, still registered
3
0.89% of the registrations · Belgium 1.68%
Running bankruptcies
3
8.9 per 1,000 registrations

Recent bankruptcies

Date Company
26-08-2026 CONNECTUM
BE 0471.761.280
30-08-2024 Crimibox
BE 0568.862.141
24-01-2022 Cufaro, Vincent
BE 0766.873.585 · sole trader · Tongeren-Borgloon

Every bankruptcy in division 32, last 90 days

Spread across the country

by region and province · 149 of 337 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 87 · 58.4%
  • Wallonia 46 · 30.9%
  • Brussels 16 · 10.7%
fewer moremax 36

Largest employers

NACE 32400 as first main activity · staff from the latest accounts
  1. 1 Cartamundi TurnhoutTurnhout 376 FTEfinancial year 2025
  2. 2 SALUCPéruwelz 188 FTEfinancial year 2025
  3. 3 L'Entraide par le Travail d'Enghien et EnvironsEnghien 124 FTEfinancial year 2025
  4. 4 SMARTKontich 29.7 FTEfinancial year 2024
  5. 5 REPOS PRODUCTIONBrussels 18.7 FTEfinancial year 2026

Joint committees

from the latest accounts of 32 companies
  • 200 Auxiliary committee for white-collar workers 15
  • 100 Auxiliary committee for blue-collar workers 5
  • 126 Furnishing and woodworking 5
  • 149.04 Metal trade 5
  • 116 Chemical industry 2
  • 207 White-collar workers in the chemical industry 2
  • 209 White-collar workers in metal manufacturing 2
  • 227 Audiovisual sector 2
Show the 6 others
  • 136 Paper and cardboard processing 1
  • 201 Independent retail 1
  • 222 White-collar workers in paper and cardboard processing 1
  • 302 Hotels and catering 1
  • 327.03 Sheltered and social workshops 1
  • 329.02 Socio-cultural sector 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 1,529 198 5 215
Manufacture of medical and dental instruments and supplies32500 1,234 53 6 3,653
Other manufacturing not elsewhere classified32990 917 236 2 2,083
Manufacture of imitation jewellery and related articles32130 707 98 1 10
Other manufacturing32200 247 10 0 25
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

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 Other manufacturing

Balance sheet and result. 23.8% of the annual accounts show negative equity, against 12.4% in Belgium. The median net result of €7,247 is below Belgium's €16,497. 34.3% of the annual accounts close with a loss, against 26.7% in Belgium.

Bankruptcies. The median bankruptcy probability of 0.4% is above Belgium's 0.2%.

Inflow and structure. In 12 months, 14.8 of 100 companies started, against 8.9 in Belgium. That is more than in 93% of the 87 NACE divisions. Wallonia holds 30.9% of the seats, against 22.7% in Belgium. 55.8% of the companies are sole traders, against 41.6% in Belgium.

Staff and filing. The 5 largest employers hold 736 of the 820 FTE: 89.7%.

Direction. The median net result rose from €3,848 in financial year 2020 to €7,247 in financial year 2025.

The comparison with Belgium as a whole and with the other divisions is as of 09-11-2026 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 32400 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 1,276,461 companies with a main activity, because only those belong to a division. The other 699,442 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.