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Other manufacturing not elsewhere classified

Current registrations 917division 32: 5,407
Starters, 12 months 23625.7 per 100 · Belgium 8.9
Bankruptcies, 12 months 22.2 per 1,000 registrations · Belgium 6.2
Employment (FTE) 2,08341 employers · latest accounts
Median age 2.9 yearsBelgium 8.1 years
E-invoicing via Peppol 77.8%713 of 917 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 32990 · financial year 2025 · 166 filed annual accounts
Median solvency
41.3%
division 43.0% · Belgium 46.1%
Median net result
€4,781
division €13,561 · Belgium €16,497
Median equity
€195,256
division €114,300 · Belgium €98,338
Loss-making
38.2%
division 29.3% · Belgium 26.7%
Negative equity
16.9%
division 15.4% · Belgium 12.4%
Median return on equity
5.9%
division 13.4% · Belgium 15.9%
Median liquidity
1.75
division 1.69 · Belgium 1.66
Filed late
41.1%
financial year 2024, 168 filings · division 39.4% · Belgium 38.4%
Missing or 90 days late
5.7%
of 174 companies with annual accounts · division 5.8% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 42.7%38.5%41.7%40.8%43.3%41.3%
Median net result €11,650€19,238€15,942€12,865€14,468€4,781

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

Bankruptcies

Bankruptcies, 5 years, still registered
4
0.44% of the registrations · Belgium 1.68%
Running bankruptcies
3
3.3 per 1,000 registrations

Recent bankruptcies

Date Company
11-05-2026 Braeckelaere, Isabel
BE 0823.720.832 · sole trader · Zwevegem
30-04-2026 Atelier C 19
BE 0463.197.071
03-05-2023 RIG SYSTEM + application
BE 0698.574.303
15-03-2023 Tilmant, Delphine
BE 0771.579.372 · sole trader · Châtelet

Every bankruptcy in division 32, last 90 days

Spread across the country

by region and province · 221 of 917 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 121 · 54.8%
  • Wallonia 66 · 29.9%
  • Brussels 25 · 11.3%
  • Abroad 9 · 4.1%
fewer moremax 40

Largest employers

NACE 32990 as first main activity · staff from the latest accounts
  1. 1 MATERIALISELeuven 606 FTEfinancial year 2025
  2. 2 Jean Del'courGrâce-Hollogne 548 FTEfinancial year 2025
  3. 3 SPAAS KAARSENHamont-Achel 131 FTEfinancial year 2025
  4. 4 LoopAntwerp 92.0 FTEfinancial year 2025
  5. 5 VANERUM BELGIEDiest 77.3 FTEfinancial year 2025

Joint committees

from the latest accounts of 79 companies
  • 200 Auxiliary committee for white-collar workers 18
  • 116 Chemical industry 17
  • 100 Auxiliary committee for blue-collar workers 16
  • 207 White-collar workers in the chemical industry 13
  • 111 Metal, mechanical and electrical engineering 12
  • 209 White-collar workers in metal manufacturing 11
  • 201 Independent retail 9
  • 109 Clothing and garment industry 6
Show the 12 others
  • 215 White-collar workers in the clothing and garment industry 5
  • 126 Furnishing and woodworking 4
  • 119 Food trade 2
  • 130 Printing, graphic arts and newspapers 2
  • 140.03 Road transport and logistics for third parties 2
  • 226 White-collar workers in international trade, transport and logistics 2
  • 314 Hairdressing and beauty care 2
  • 115 Glass industry 1
  • 120 Textile industry 1
  • 140 Transport and logistics 1
  • 149 Sectors related to metal, mechanical and electrical engineering 1
  • 214 White-collar workers in the textile industry 1

Source: the annual accounts at the National Bank. One filing can name more than one committee.

Division 32: Other manufacturing

Related activities

1 other activity
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Other manufacturing32910 23 1 0 121

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 not elsewhere classified

Balance sheet and result. The median net result of €4,781 is below Belgium's €16,497. Return on equity of 5.9% is below Belgium's 15.9%. 38.2% of the annual accounts close with a loss, against 26.7% in Belgium.

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

Inflow and structure. In 12 months, 25.7 of 100 companies started, against 8.9 in Belgium. That is more than in 99% of the 87 NACE divisions. 75.9% of the companies are sole traders, against 41.6% in Belgium. Half of the companies are younger than 2.9 years, against 8.1 years in Belgium.

Staff and filing. The 5 largest employers hold 1,454 of the 2,083 FTE: 69.8%.

Direction. Median solvency fell from 42.7% in financial year 2020 to 41.3% in financial year 2025. The median net result fell from €11,650 in financial year 2020 to €4,781 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 32990 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.