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Wholesale trade

Current registrations 535division 46: 61,485
Starters, 12 months 244.5 per 100 · Belgium 8.9
Bankruptcies, 12 months 23.7 per 1,000 registrations · Belgium 6.2
Employment (FTE) 1,12483 employers · latest accounts
Median age 19.1 yearsBelgium 8.1 years
E-invoicing via Peppol 88.6%474 of 535 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 46220 · financial year 2025 · 294 filed annual accounts
Median solvency
49.5%
division 42.2% · Belgium 46.1%
Median net result
€17,202
division €17,183 · Belgium €16,492
Median equity
€175,313
division €206,973 · Belgium €98,323
Loss-making
25.2%
division 28.8% · Belgium 26.7%
Negative equity
11.2%
division 13.4% · Belgium 12.4%
Median return on equity
11.8%
division 9.9% · Belgium 15.9%
Median liquidity
1.88
division 1.69 · Belgium 1.66
Filed late
36.6%
financial year 2024, 295 filings · division 39.2% · Belgium 38.4%
Missing or 90 days late
2.9%
of 309 companies with annual accounts · division 6.4% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 38.3%41.2%42.1%44.3%47.1%49.5%
Median net result €20,947€32,632€18,744€17,863€14,129€17,202

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

Bankruptcies

Bankruptcies, 5 years, still registered
10
1.87% of the registrations · Belgium 1.68%
Running bankruptcies
12
22.4 per 1,000 registrations

Recent bankruptcies

Date Company
08-01-2026 Ya Foy Import
BE 0708.967.753
08-01-2026 LA JADINIERE
BE 0865.062.628
22-09-2025 JR PEPINIERES RIGAUX SRL
BE 0480.157.522
17-06-2025 WEST PLANT BELGIE
BE 0448.624.802
09-10-2024 Van Damme, Eric
BE 0845.021.042 · sole trader
16-07-2024 BELIFLOWERS
BE 0629.915.624
04-03-2024 Storme, Tom
BE 0650.988.675 · sole trader · Pittem
16-10-2023 The Green Community
BE 0731.793.932

Every bankruptcy in division 46, last 90 days

Spread across the country

by region and province · 389 of 535 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 299 · 76.9%
  • Wallonia 57 · 14.7%
  • Brussels 15 · 3.9%
  • Abroad 18 · 4.6%
fewer moremax 119

Largest employers

NACE 46220 as first main activity · staff from the latest accounts
  1. 1 FLEURZonnebeke 107 FTEfinancial year 2025
  2. 2 FLOREACLochristi 78.5 FTEfinancial year 2025
  3. 3 FLORISKontich 58.9 FTEfinancial year 2025
  4. 4 TROPIFLORADe Panne 48.6 FTEfinancial year 2025
  5. 5 DONCK NVRoeselare 43.4 FTEfinancial year 2025

Joint committees

from the latest accounts of 126 companies
  • 200 Auxiliary committee for white-collar workers 53
  • 201 Independent retail 44
  • 119 Food trade 43
  • 145 Horticulture 43
  • 100 Auxiliary committee for blue-collar workers 14
  • 302 Hotels and catering 3
  • 124 Construction 1
  • 140.03 Road transport and logistics for third parties 1
Show the 3 others
  • 220 White-collar workers in the food industry 1
  • 226 White-collar workers in international trade, transport and logistics 1
  • 311 Large retail businesses 1

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

Division 46: Wholesale trade

Related activities

9 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Wholesale of live animals46231 932 21 2 668
Wholesale of agricultural produce and animal feed, general range46216 682 3 1 2,158
Wholesale trade46211 175 9 0 104
Wholesale trade46232 172 4 2 90
Wholesale trade46212 143 8 0 151
Wholesale trade46214 76 4 0 111
Show all 9 activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Wholesale trade46240 31 0 0 32
Wholesale trade46213 24 1 0 8
Wholesale trade46215 21 0 1 23

Bankruptcies per year in division 46

Per year201520162017201820192020202120222023202420252026
Bankruptcies803710738687722486417583541625634425
Jobs lost1,6291,6551,3611,2161,2401,0548901,0299351,3831,271931

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
Median
€64,900
Belgium €61,400
Middle half
€51,300 to €84,400
half of the employers lie between
Place among sectors
44 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
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

Running bankruptcies in the sector

NACE division 46
Number
1,336
Half have run longer than
23 months
Belgium: 20 months
Longer than three years
34%
Belgium: 31%

Measured 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.

Outcome by court and division

Foreign control in NACE division 46

45,461 registered companies

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €266.7m awarded 6,710 recipients · 2022 to 2025 · largest: Dienstencheques
  • Wallonia-Brussels Federation €1.3m paid 17 recipients · 2021 to 2025 · largest: Conventions et contrats programmes indexés dans le domaine des centres culturels
  • Federal transfers 21.5m amount as published 14 recipients · 2023 to 2025 · largest: Ondersteuning aan de bijdrage van de organisaties van de civiele maatschappij en institutionele actoren in de realisatie van de doelen van de gemeenschappelijke strategische kaders (cf. art. 2.14.6 en 2.14.10 van de wetsbepalingen)
  • EU budget €531.5m attributed share 96 recipients · 2021 to 2025 · largest: Information and communication technology
  • EU research €52.9m EU contribution 83 recipients · 2007 to 2027 · largest: Horizon 2020

Explore every recipient in this sector

Insights on Wholesale trade

Balance sheet and result. Return on equity of 11.8% is below Belgium's 15.9%. Liquidity of 1.88 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 19.1 years, against 8.1 years in Belgium. In 12 months, 4.5 of 100 companies started, against 8.9 in Belgium. That is fewer than in 75% of the 87 NACE divisions. 27.3% of the companies are sole traders, against 41.6% in Belgium.

Staff and filing. The 5 largest employers hold 336 of the 1,124 FTE: 29.9%.

Direction. Median solvency rose from 38.3% in financial year 2020 to 49.5% in financial year 2025. The median net result fell from €20,947 in financial year 2020 to €17,202 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 46220 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.