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Manufacture of medical and dental instruments and supplies

Current registrations 1,235division 32: 5,409
Starters, 12 months 534.3 per 100 · Belgium 8.9
Bankruptcies, 12 months 64.9 per 1,000 registrations · Belgium 6.2
Employment (FTE) 3,658156 employers · latest accounts
Median age 15.4 yearsBelgium 8.1 years
E-invoicing via Peppol 91.5%1,130 of 1,235 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 32500 · financial year 2025 · 671 filed annual accounts
Median solvency
48.3%
division 43.0% · Belgium 46.1%
Median net result
€25,154
division €13,612 · Belgium €16,520
Median equity
€172,453
division €114,395 · Belgium €98,421
Loss-making
23.8%
division 29.3% · Belgium 26.7%
Negative equity
9.8%
division 15.4% · Belgium 12.4%
Median return on equity
15.0%
division 13.4% · Belgium 15.9%
Median liquidity
1.80
division 1.69 · Belgium 1.66
Filed late
37.7%
financial year 2024, 677 filings · division 39.3% · Belgium 38.4%
Missing or 90 days late
5.0%
of 722 companies with annual accounts · division 5.8% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 44.8%45.1%47.6%48.0%48.5%48.3%
Median net result €19,238€25,140€23,249€26,007€20,988€25,154

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

Bankruptcies

Bankruptcies, 5 years, still registered
15
1.21% of the registrations · Belgium 1.68%
Running bankruptcies
18
14.6 per 1,000 registrations

Recent bankruptcies

Date Company
27-10-2026 Smile in Dental
BE 0745.471.427
05-10-2026 Dumont Instruments & Co
BE 0418.455.327
20-08-2026 Mammoptix
BE 0786.721.270
10-07-2026 DENTAL LAB 777
BE 1014.321.674
07-07-2026 Sequana Medical
BE 0707.821.866
07-07-2026 DSRCo
BE 1015.812.308
01-10-2025 La Sonrisa Belgica
BE 0719.671.704
04-07-2025 D-WORKS
BE 0637.841.118

Every bankruptcy in division 32, last 90 days

Spread across the country

by region and province · 878 of 1,235 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 522 · 59.5%
  • Wallonia 245 · 27.9%
  • Brussels 95 · 10.8%
  • Abroad 16 · 1.8%
fewer moremax 140

Largest employers

NACE 32500 as first main activity · staff from the latest accounts
  1. 1 VIGOWetteren 516 FTEfinancial year 2025
  2. 2 MOLNLYCKE HEALTH CAREWaremme 300 FTEfinancial year 2025
  3. 3 SIEMENS HEALTHCAREDilbeek 294 FTEfinancial year 2025
  4. 4 Disposable Medical EquipmentFrameries 138 FTEfinancial year 2025
  5. 5 ANALISNamur 128 FTEfinancial year 2025

Joint committees

from the latest accounts of 287 companies
  • 330 Health institutions and services 66
  • 340 Orthopaedic technologies 54
  • 200 Auxiliary committee for white-collar workers 47
  • 330.03 Health institutions and services 39
  • 201 Independent retail 22
  • 209 White-collar workers in metal manufacturing 21
  • 207 White-collar workers in the chemical industry 20
  • 111 Metal, mechanical and electrical engineering 15
Show the 12 others
  • 100 Auxiliary committee for blue-collar workers 13
  • 116 Chemical industry 9
  • 109 Clothing and garment industry 5
  • 128 Hides, leather and substitutes 5
  • 149.04 Metal trade 5
  • 214 White-collar workers in the textile industry 4
  • 120 Textile industry 3
  • 115 Glass industry 2
  • 330.04 Health institutions and services 2
  • 120.01 Textile industry 1
  • 124 Construction 1
  • 136 Paper and cardboard processing 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
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 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

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 Manufacture of medical and dental instruments and supplies

Balance sheet and result. The median net result of €25,154 is above Belgium's €16,520. 9.8% of the annual accounts show negative equity, against 12.4% in Belgium. 23.8% of the annual accounts close with a loss, against 26.7% in Belgium.

Bankruptcies. In 12 months, 4.9 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 62% of the 88 NACE divisions. The median bankruptcy probability of 0.2% is above Belgium's 0.2%.

Inflow and structure. Half of the companies are younger than 15.4 years, against 8.1 years in Belgium. In 12 months, 4.3 of 100 companies started, against 8.9 in Belgium. That is fewer than in 75% of the 87 NACE divisions. 28.9% of the companies are sole traders, against 41.6% in Belgium.

Staff and filing. The 5 largest employers hold 1,376 of the 3,658 FTE: 37.6%.

Direction. Median solvency rose from 44.8% in financial year 2020 to 48.3% in financial year 2025. The median net result rose from €19,238 in financial year 2020 to €25,154 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 32500 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.