Wholesale trade
Filed accounts
NACE 46110 · financial year 2025 · 163 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 38.7% | 39.7% | 43.2% | 37.1% | 38.3% | 41.5% |
| Median net result | €18,425 | €21,285 | €17,580 | €15,378 | €16,682 | €19,312 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 31-08-2026 | Nerinckx, Xavier
BE 0747.259.096 · sole trader · Pepingen |
| 26-01-2026 | LUYCX
BE 0473.591.414 |
| 06-10-2025 | TROYAN STABLES
BE 0653.778.515 |
| 08-01-2025 | VITA FRUIT
BE 0756.905.549 |
| 09-02-2024 | Matheussen, Koen
BE 0716.969.263 · sole trader · Zoersel |
| 25-01-2024 | Puppyhouse
BE 0568.818.589 |
| 06-06-2023 | NOVA ORGANIC ENERGY
BE 0699.946.951 |
| 25-10-2022 | ALLSTAR
BE 0420.475.501 |
Spread across the country
by region and province · 290 of 405 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
- Abroad
The balance sheets of division 46 on the map, by municipality and down to the address
Largest employers
NACE 46110 as first main activity · staff from the latest accounts- 1 A.T.D.Ternat 32.2 FTEfinancial year 2025
- 2 KINLYS GROUPBruges 25.7 FTEfinancial year 2026
- 3 PIPA TradingAalter 16.6 FTEfinancial year 2025
- 4 VVL-HORSESKruisem 13.4 FTEfinancial year 2025
- 5 Aardappelenbedrijf DECANCQRoeselare 12.3 FTEfinancial year 2025
Joint committees
from the latest accounts of 37 companies- 200 Auxiliary committee for white-collar workers 14
- 144 Agriculture 8
- 119 Food trade 5
- 201 Independent retail 4
- 226 White-collar workers in international trade, transport and logistics 4
- 100 Auxiliary committee for blue-collar workers 3
- 132 Technical farming and horticulture work 2
- 140.03 Road transport and logistics for third parties 2
Show the 8 others
- 214 White-collar workers in the textile industry 2
- 116 Chemical industry 1
- 118 Food industry 1
- 120 Textile industry 1
- 140 Transport and logistics 1
- 149.04 Metal trade 1
- 207 White-collar workers in the chemical industry 1
- 220 White-collar workers in the food industry 1
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Division 46: Wholesale trade
Related activities
8 other activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Agents in non-specialised wholesale trade46190 | 5,956 | 317 | 54 | 2,246 |
| Agents specialised in the wholesale of other particular products46180 | 4,300 | 233 | 39 | 2,675 |
| Agents in the wholesale of furniture, household goods and hardware46150 | 1,696 | 46 | 17 | 942 |
| Agents in the wholesale of food, beverages and tobacco46170 | 1,597 | 81 | 20 | 1,779 |
| Agents in the wholesale of textiles, clothing, fur, footwear and leather goods46160 | 1,249 | 43 | 9 | 808 |
| Agents in the wholesale of timber and building materials46130 | 1,109 | 47 | 9 | 760 |
Show all 8 activities
| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Agents in the wholesale of industrial machinery, ships and aircraft46140 | 1,058 | 51 | 8 | 1,405 |
| Wholesale trade46120 | 522 | 17 | 2 | 1,206 |
Bankruptcies per year in division 46
| Per year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcies | 803 | 710 | 738 | 687 | 722 | 486 | 417 | 583 | 541 | 625 | 634 | 425 |
| Jobs lost | 1,629 | 1,655 | 1,361 | 1,216 | 1,240 | 1,054 | 890 | 1,029 | 935 | 1,383 | 1,271 | 931 |
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 46
9,634 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €60,500 | €47,700 to €78,500 | 6,069 |
| 10 to 49 FTE | €70,000 | €57,700 to €89,100 | 2,911 |
| 50 to 249 FTE | €84,000 | €67,400 to €119,700 | 556 |
| 250 FTE or more | €80,200 | €64,700 to €98,300 | 98 |
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 46Measured nationally: Of 108,651 bankruptcies of legal entities across Belgium, 49% were closed within five years for insufficient assets and 28% 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 10 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.
Foreign control in NACE division 46
45,461 registered companiesMain parent countries: Netherlands (206), Germany (128) and France (118).Show on the map by municipality
Subsidies in this sector
per register · legal entities with an enterprise number- Flemish subsidies €266.7m awarded
- Wallonia-Brussels Federation €1.3m paid
- Federal transfers 21.5m amount as published
- EU budget €531.5m attributed share
- EU research €52.9m EU contribution
Insights on Wholesale trade
Balance sheet and result. 19.0% of the annual accounts close with a loss, against 26.7% in Belgium. The median net result of €19,312 is above Belgium's €16,492. 10.4% of the annual accounts show negative equity, against 12.4% in Belgium.
Bankruptcies. The median bankruptcy probability of 0.4% is above Belgium's 0.2%.
Inflow and structure. In 12 months, 5.4 of 100 companies started, against 8.9 in Belgium. That is fewer than in 66% of the 87 NACE divisions. Half of the companies are younger than 11.0 years, against 8.1 years in Belgium. 28.4% of the companies are sole traders, against 41.6% in Belgium.
Staff and filing. 44.6% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 100 of the 141 FTE: 71.2%.
Direction. Median solvency rose from 38.7% 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 10-11-2026 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 46110 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 1,276,421 companies with a main activity, because only those belong to a division. The other 699,557 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.