Joinery installation
Filed accounts
NACE 43320 · financial year 2025 · 8,771 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 36.5% | 37.5% | 37.8% | 39.0% | 41.0% | 41.5% |
| Median net result | €13,045 | €14,956 | €15,463 | €13,669 | €12,880 | €12,632 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 09-11-2026 | Ramen Art
BE 0752.886.284 |
| 06-11-2026 | DESIGN WINDOW
BE 0477.839.816 |
| 06-11-2026 | MDO BATI
BE 0770.740.719 |
| 06-11-2026 | CBB MONTAGE
BE 0870.076.241 |
| 06-11-2026 | MJO
BE 1001.525.691 |
| 05-11-2026 | LOGORACK
BE 0753.970.112 |
| 05-11-2026 | 1.2.3...P'tits Tours à Bois
BE 0821.413.420 |
| 03-11-2026 | VE MONTAGE EN INSTALLATIE
BE 0472.799.873 |
Spread across the country
by region and province · 11,595 of 19,817 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
- Abroad
The balance sheets of division 43 on the map, by municipality and down to the address
Largest employers
NACE 43320 as first main activity · staff from the latest accounts- 1 MENATAMNamur 300 FTEfinancial year 2025
- 2 WYCORWetteren 171 FTEfinancial year 2025
- 3 RENSON OUTDOORKruisem 161 FTEfinancial year 2025
- 4 ETABLISSEMENTS GAUMECharleroi 149 FTEfinancial year 2025
- 5 HELIOS TRADINGAalter 118 FTEfinancial year 2025
Joint committees
from the latest accounts of 2,923 companies- 124 Construction 2,292
- 200 Auxiliary committee for white-collar workers 1,303
- 126 Furnishing and woodworking 277
- 111 Metal, mechanical and electrical engineering 186
- 209 White-collar workers in metal manufacturing 154
- 201 Independent retail 66
- 100 Auxiliary committee for blue-collar workers 41
- 149.01 Electricians: installation and distribution 22
Show the 12 others
- 149.04 Metal trade 14
- 149 Sectors related to metal, mechanical and electrical engineering 9
- 109 Clothing and garment industry 8
- 302 Hotels and catering 8
- 314 Hairdressing and beauty care 7
- 125.03 Timber trade 6
- 145 Horticulture 6
- 115 Glass industry 5
- 116 Chemical industry 5
- 121 Cleaning 5
- 207 White-collar workers in the chemical industry 4
- 125 Wood industry 3
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Division 43: Specialised construction
Related activities
8 other activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Painting of buildings43341 | 7,803 | 697 | 71 | 2,898 |
| Other building finishing work43350 | 7,273 | 984 | 85 | 3,223 |
| Plastering work43310 | 3,972 | 382 | 43 | 1,084 |
| Floor and wall tiling43331 | 3,897 | 330 | 58 | 926 |
| Wallpapering and laying of floor and wall coverings in other materials43333 | 893 | 57 | 3 | 644 |
| Laying of wooden floor and wall coverings43332 | 734 | 38 | 9 | 360 |
Show all 8 activities
| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Specialised construction activities43343 | 486 | 25 | 5 | 971 |
| Specialised construction activities43342 | 151 | 13 | 1 | 593 |
Bankruptcies per year in division 43
| Per year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcies | 1,238 | 1,118 | 1,196 | 1,285 | 1,406 | 957 | 996 | 1,374 | 1,496 | 1,820 | 1,847 | 1,294 |
| Jobs lost | 2,977 | 2,516 | 2,616 | 2,709 | 2,807 | 2,317 | 1,934 | 2,541 | 2,672 | 3,365 | 3,379 | 2,180 |
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 43
6,828 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €59,800 | €50,700 to €68,200 | 4,515 |
| 10 to 49 FTE | €64,000 | €55,800 to €71,500 | 2,080 |
| 50 to 249 FTE | €70,300 | €61,100 to €77,800 | 204 |
| 250 FTE or more | €77,000 | €70,500 to €82,400 | 29 |
Employers with the highest staff cost per FTE in this division All sectors by staff cost In the Analysis workbench
Running bankruptcies in the sector
NACE division 43Measured nationally: Of 108,810 bankruptcies of legal entities across Belgium, 49% were closed within five years for insufficient assets and 29% after liquidation, 3% were withdrawn. After five years, 20% were still open. Half had ended after 26 months (a quarter after 15, three quarters after 51 months).
This counts companies with this main activity in the register on 14 November 2026. The outcome itself is not measured by sector. The activity of a company that leaves the register after its bankruptcy is too often not kept to compare closed cases fairly.
52 of the 67,044 companies in NACE division 43 have a parent company abroad. Main parent countries: Netherlands (18), France (9) and Germany (8). Together they employ 3,750 of the division's 101,529 FTE: 3.7%, against 14% for Belgium as a whole.
Subsidies in this sector
per register · legal entities with an enterprise number- Flemish subsidies €112.7m awarded
- Wallonia-Brussels Federation €933,621 paid
- Federal transfers 15.2m amount as published
- EU budget €97.9m attributed share
- EU research €10.3m EU contribution
Insights on Joinery installation
Balance sheet and result. 8.4% of the annual accounts show negative equity, against 12.4% in Belgium. The median net result of €12,632 is below Belgium's €16,468. 22.7% of the annual accounts close with a loss, against 26.7% in Belgium.
Bankruptcies. The median bankruptcy probability of 0.6% is above Belgium's 0.2%. In 12 months, 7.7 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 78% of the 88 NACE divisions.
Inflow and structure. In 12 months, 6.8 of 100 companies started, against 8.9 in Belgium. That is fewer than in 54% of the 87 NACE divisions. Flanders holds 74.5% of the seats, against 64.7% in Belgium. Half of the companies are younger than 9.1 years, against 8.1 years in Belgium.
Staff and filing. The 5 largest employers hold 898 of the 15,353 FTE: 5.9%.
Direction. Median solvency rose from 36.5% in financial year 2020 to 41.5% in financial year 2025.
The comparison with Belgium as a whole and with the other divisions is as of 14-11-2026 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 43320 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 1,276,430 companies with a main activity, because only those belong to a division. The other 700,464 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.