Wholesale trade
No bankruptcy in the past twelve months.
Filed accounts
NACE 46322 · financial year 2025 · 124 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 41.0% | 40.3% | 49.6% | 48.7% | 47.8% | 46.3% |
| Median net result | €22,034 | €26,070 | €11,964 | €17,442 | €23,740 | €13,742 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 24-01-2025 | LYA VIANDE ET VOLAILLE
BE 0739.917.681 |
| 31-03-2023 | L.M.C. LE MONTAGNARD
BE 0464.336.129 |
Spread across the country
by region and province · 158 of 180 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 46322 as first main activity · staff from the latest accounts- 1 BelkiAalst 146 FTEfinancial year 2025
- 2 V.D.S.-FOODForest 84.5 FTEfinancial year 2025
- 3 PolcaIzegem 83.4 FTEfinancial year 2025
- 4 ARDENNE VOLAILLEBertrix 81.6 FTEfinancial year 2025
- 5 NOLLENSKruisem 71.3 FTEfinancial year 2025
Joint committees
from the latest accounts of 46 companies- 119 Food trade 22
- 200 Auxiliary committee for white-collar workers 16
- 220 White-collar workers in the food industry 11
- 118 Food industry 9
- 201 Independent retail 8
- 140.03 Road transport and logistics for third parties 1
- 202.01 Medium-sized food businesses 1
- 302 Hotels and catering 1
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Division 46: Wholesale trade
Related activities
16 other activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Wholesale of beverages, general range46349 | 1,537 | 96 | 14 | 3,537 |
| Wholesale of other food products46389 | 1,385 | 84 | 17 | 4,892 |
| Wholesale of wines and spirits46341 | 1,026 | 71 | 6 | 707 |
| Wholesale of fruit and vegetables, excluding potatoes46319 | 945 | 36 | 8 | 4,714 |
| Wholesale of meat and meat products, excluding game and poultry46321 | 735 | 19 | 9 | 6,903 |
| Non-specialised wholesale46392 | 679 | 29 | 5 | 5,933 |
Show all 16 activities
| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Wholesale trade46360 | 450 | 21 | 7 | 2,930 |
| Wholesale trade46370 | 402 | 43 | 4 | 838 |
| Wholesale trade46331 | 394 | 20 | 0 | 2,052 |
| Wholesale trade46323 | 228 | 10 | 3 | 1,163 |
| Wholesale trade46391 | 220 | 13 | 2 | 940 |
| Wholesale trade46382 | 193 | 13 | 0 | 895 |
| Wholesale trade46311 | 140 | 6 | 1 | 1,054 |
| Wholesale trade46350 | 98 | 5 | 1 | 428 |
| Wholesale trade46332 | 68 | 9 | 0 | 159 |
| Wholesale trade46381 | 53 | 4 | 0 | 158 |
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
9,638 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €60,500 | €47,700 to €78,600 | 6,072 |
| 10 to 49 FTE | €70,000 | €57,700 to €89,100 | 2,910 |
| 50 to 249 FTE | €84,000 | €67,400 to €119,200 | 558 |
| 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 108,562 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 6 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
45,485 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
- Federal transfers 21.5m amount as published
- Wallonia-Brussels Federation €1.3m paid
- EU budget €531.5m attributed share
- EU research €52.9m EU contribution
Insights on Wholesale trade
Balance sheet and result. Return on equity of 7.5% is below Belgium's 15.9%. 7.3% of the annual accounts show negative equity, against 12.4% in Belgium. 33.1% of the annual accounts close with a loss, against 26.7% in Belgium.
Bankruptcies. The median bankruptcy probability of 0.4% is above Belgium's 0.2%.
Inflow and structure. Half of the companies are younger than 16.9 years, against 8.1 years in Belgium. 12.2% of the companies are sole traders, against 41.6% in Belgium. Wallonia holds 34.2% of the seats, against 22.7% in Belgium.
Staff and filing. 25.2% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 467 of the 1,042 FTE: 44.8%.
Direction. Median solvency rose from 41.0% in financial year 2020 to 46.3% in financial year 2025. The median net result fell from €22,034 in financial year 2020 to €13,742 in financial year 2025.
The comparison with Belgium as a whole and with the other divisions is as of 07-11-2026 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 46322 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 1,276,547 companies with a main activity, because only those belong to a division. The other 699,272 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.