Materials recovery from waste

NACE 38210

Current registrations978

Largest regionFlanders 63%

Key figures for NACE division 38

fiscal year 2025 · median over 623 filed annual accounts

Median solvency

37.0%

lower than 78% of 79 divisions

Median equity

€487k

higher than 90% of 79 divisions

Median net result

€21k

higher than 71% of 79 divisions

Annual accounts in sample

623

Bankruptcies

past five years

Bankruptcies (5y)

Historical share

2.56%

Nationally, 1.41% of current registrations have a published bankruptcy opening in the past five years. This sector's historical share is higher than that of 85% of the 88 NACE divisions. The median bankruptcy probability in NACE division 38 is 0.5%, against 0.5% nationally, over 1,058 scored companies. Comparison: as of 25-09-2026 05:30.

Regional split

by region · 735 of 978 enterprises with a registered office on file

Flanders 461 · 62.7%

Wallonia 239 · 32.5%

Brussels 35 · 4.8%

Recent bankruptcies in this sector

Date	Company
06-07-2026	E-SUDUR BE 0845.316.594
15-06-2026	SEVEN – METAL BE 0805.281.627
04-05-2026	Amiante Group BE 0744.957.723
20-04-2026	ASFOUR TRADE BE 0649.784.489
13-03-2026	Sole trader BE 0797.188.659 · Enghien
18-02-2026	FLAUREA CHEMICALS BE 0536.756.626
11-02-2026	FROMTO Houthalen BE 0439.289.343
19-11-2025	TEXTRADING BE 0479.998.857

Geographic distribution

by province · based on the establishment address

West Flanders WVL 117

East Flanders OVL 93

Antwerp ANT 113

Flemish Brabant VLB 45

Limburg LIM 93

Brussels BRU 35

Hainaut HAI 92

Walloon Brabant WBR 18

Namur NAM 29

Liège LIE 79

Luxembourg LUX 21

fewer moremax 117

Public money in this sector

per register · legal entities with an enterprise number

Flemish subsidies € 79m awarded 254 recipients · 2022 to 2025 · largest: Subsidies investeringen materialenbeheer lokale besturen
Federal transfers 49m amount as published 9 recipients · 2023 to 2025 · largest: Dotatie aan de NIRAS voor het technisch passief van het IRE (gedeelte afval en bestraalde splijt- stof).
Wallonia-Brussels Federation € 7.8m paid 3 recipients · 2021 to 2025 · largest: Subventions forfaitaires dans le fondamental
EU budget € 28m attributed share 17 recipients · 2021 to 2025 · largest: Innovation Fund
EU research € 18m eu contribution 32 recipients · 2009 to 2026 · largest: Horizon Europe

Explore every recipient in this sector

How these figures are counted

Current enterprise registrations are counted through their registered main activities; establishment units are excluded. Counted in the KBO's NACE 2025 nomenclature, the one in which code 38210 exists.

Share of currently registered companies with a published bankruptcy opening in the past five years. Registered main activities in the selected classification can overlap. This retrospective share is not a future bankruptcy probability.

The comparison with the country and with the other NACE divisions comes from a nightly overview of every division, each counted in the nomenclature in which it exists. A standing such as "higher than 80%" counts the other divisions that have the figure. The bankruptcy probability is the median of our nightly score over the division's companies that have one; the count is stated.

The key figures cover the whole NACE division 38, not NACE 38210 on its own: there are too few filed annual accounts per five-digit code to compute them separately. The middle company of the sector, based on all filed annual accounts.