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Waste collection, recovery and disposal activities

Current registrations 58division 38: 1,627
Starters, 12 months 11.7 per 100 · Belgium 8.9
Bankruptcies, 12 months 117.2 per 1,000 registrations · Belgium 6.2
Employment (FTE) 76716 employers · latest accounts
Median age 24.4 yearsBelgium 8.1 years
E-invoicing via Peppol 94.8%55 of 58 companies in the Peppol Directory · Belgium 85.0%
Your choice Lincent 38320 · Waste collection, recovery and disposal activities All of Belgium, every sector

This view shows Belgium · 38320 · Waste collection, recovery and disposal activities. Sector figures are national, so the place does not apply here.

Filed accounts

NACE 38320 · financial year 2025 · 41 filed annual accounts
Median solvency
41.9%
division 38.8% · Belgium 46.1%
Median net result
€21,391
division €33,112 · Belgium €16,497
Median equity
€1.5m
division €621,984 · Belgium €98,338
Loss-making
29.3%
division 29.3% · Belgium 26.7%
Negative equity
5.0%
division 10.4% · Belgium 12.4%
Median return on equity
5.7%
division 8.8% · Belgium 15.9%
Median liquidity
2.40
division 1.43 · Belgium 1.66
Filed late
22.2%
financial year 2024, 45 filings · division 32.3% · Belgium 38.4%
Missing or 90 days late
12.2%
of 49 companies with annual accounts · division 4.8% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 29.2%37.5%36.1%38.1%38.3%41.9%
Median net result €28,815€145,215€65,606€67,333€89,045€21,391

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

Bankruptcies

Bankruptcies, 5 years, still registered
1
1.72% of the registrations · Belgium 1.68%
Running bankruptcies
1
17.2 per 1,000 registrations

Recent bankruptcies

Date Company
04-05-2026 Amiante Group
BE 0744.957.723
02-04-2025 Amiante Group
BE 0744.957.723

Every bankruptcy in division 38, last 90 days

Spread across the country

by region and province · 53 of 58 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 33 · 62.3%
  • Wallonia 11 · 20.8%
  • Brussels 9 · 17.0%
fewer moremax 9

Largest employers

NACE 38320 as first main activity · staff from the latest accounts

Companies

58 with this main activity

Joint committees

from the latest accounts of 23 companies
  • 200 Auxiliary committee for white-collar workers 15
  • 124 Construction 6
  • 207 White-collar workers in the chemical industry 6
  • 121 Cleaning 4
  • 142.04 Recovery of raw materials 4
  • 116 Chemical industry 3
  • 102.06 Quarries 1
  • 140.03 Road transport and logistics for third parties 1
Show the 1 others
  • 142.01 Recovery of raw materials 1

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

Division 38: Waste collection and treatment

Related activities

1 other activity
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Waste collection, recovery and disposal activities38330 272 5 1 7,606

Bankruptcies per year in division 38

Per year201520162017201820192020202120222023202420252026
Bankruptcies16191310151113818142012
Jobs lost29933110262823844533845

2026 through June. 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 38

379 employers
Median
€67,800
Belgium €61,400
Middle half
€56,100 to €80,600
half of the employers lie between
Place among sectors
33 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €63,000 €52,400 to €76,100 172
10 to 49 FTE €70,300 €57,600 to €81,600 143
50 to 249 FTE €72,600 €67,100 to €87,700 50

Foreign control in NACE division 38

983 registered companies

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €79.2m awarded 251 recipients · 2022 to 2025 · largest: Subsidies investeringen materialenbeheer lokale besturen
  • Wallonia-Brussels Federation €498,572 paid 2 recipients · 2023 to 2025 · largest: Subventions aux associations reconnues à durée indéterminée dans le cadre du décret du 17 juillet 2003
  • Federal transfers 143.3m amount as published 9 recipients · 2023 to 2025 · largest: Subsidie aan het IRE voor de verwerking van
  • EU budget €28.0m attributed share 17 recipients · 2021 to 2025 · largest: Innovation Fund
  • EU research €17.7m EU contribution 31 recipients · 2009 to 2026 · largest: Horizon Europe

Explore every recipient in this sector

Insights on Waste collection, recovery and disposal activities

Balance sheet and result. Return on equity of 5.7% is below Belgium's 15.9%. 5.0% of the annual accounts show negative equity, against 12.4% in Belgium. Liquidity of 2.40 is above Belgium's 1.66.

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

Inflow and structure. Half of the companies are younger than 24.4 years, against 8.1 years in Belgium. 8.6% of the companies are sole traders, against 41.6% in Belgium. Brussels holds 17.0% of the seats, against 12.5% in Belgium.

Staff and filing. 22.2% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 641 of the 767 FTE: 83.6%.

Direction. Median solvency rose from 29.2% in financial year 2020 to 41.9% in financial year 2025. The median net result fell from €28,815 in financial year 2020 to €21,391 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 38320 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.