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Wholesale trade

Current registrations 94division 46: 61,492
Starters, 12 months 77.4 per 100 · Belgium 8.9
Bankruptcies, 12 months 110.6 per 1,000 registrations · Belgium 6.2
Employment (FTE) 737 employers · latest accounts
Median age 9.9 yearsBelgium 8.1 years
E-invoicing via Peppol 74.5%70 of 94 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 46424 · financial year 2025 · 55 filed annual accounts
Median solvency
25.1%
division 42.2% · Belgium 46.1%
Median net result
€4,743
division €17,193 · Belgium €16,497
Median equity
€31,065
division €207,088 · Belgium €98,338
Loss-making
40.7%
division 28.8% · Belgium 26.7%
Negative equity
27.3%
division 13.4% · Belgium 12.4%
Median return on equity
13.2%
division 9.9% · Belgium 15.9%
Median liquidity
1.25
division 1.69 · Belgium 1.66
Filed late
41.2%
financial year 2024, 51 filings · division 39.2% · Belgium 38.4%
Missing or 90 days late
1.7%
of 59 companies with annual accounts · division 6.4% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 25.7%28.9%25.7%28.7%31.1%25.1%
Median net result €315€5,032€7,125€2,964€1,894€4,743

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

Bankruptcies

Bankruptcies, 5 years, still registered
3
3.19% of the registrations · Belgium 1.68%
Running bankruptcies
3
31.9 per 1,000 registrations

Recent bankruptcies

Date Company
06-07-2026 SCALPERS BENELUX
BE 1009.964.493
11-02-2025 CALEM
BE 0821.054.718
13-12-2023 UnitySocks
BE 0762.945.283
06-12-2023 UnitySocks
BE 0762.945.283

Every bankruptcy in division 46, last 90 days

Spread across the country

by region and province · 80 of 94 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 47 · 58.8%
  • Brussels 17 · 21.3%
  • Wallonia 7 · 8.8%
  • Abroad 9 · 11.3%
fewer moremax 17

Largest employers

NACE 46424 as first main activity · staff from the latest accounts
  1. 1 FASHION FOR STARSMerchtem 24.4 FTEfinancial year 2026
  2. 2 Quarzo RosaLommel 9.8 FTEfinancial year 2025
  3. 3 WEMMEL SERVICESWemmel 9.4 FTEfinancial year 2025
  4. 4 Chaussures MyrysCharleroi 9.1 FTEfinancial year 2026
  5. 5 SAFILO BENELUXZaventem 9.0 FTEfinancial year 2025

Joint committees

from the latest accounts of 17 companies
  • 201 Independent retail 9
  • 100 Auxiliary committee for blue-collar workers 5
  • 200 Auxiliary committee for white-collar workers 5
  • 109 Clothing and garment industry 4
  • 215 White-collar workers in the clothing and garment industry 4
  • 140 Transport and logistics 1
  • 226 White-collar workers in international trade, transport and logistics 1

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

Division 46: Wholesale trade

Related activities

27 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Wholesale of pharmaceutical and medical goods46460 1,865 83 7 17,386
Wholesale of clothing, excluding workwear and underwear46423 1,263 50 11 5,432
Wholesale of other household goods46499 1,144 32 4 2,223
Wholesale of electrical household appliances and audio-video equipment46431 963 35 10 3,564
Wholesale of perfume and cosmetics46450 775 42 5 2,584
Wholesale of household textiles and bedding46412 667 7 5 1,696
Show all 27 activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Wholesale of non-electrical household articles46494 661 9 9 2,364
Wholesale trade46496 567 16 6 3,188
Wholesale trade46480 549 16 1 486
Wholesale trade46442 462 16 4 1,983
Wholesale trade46471 324 17 7 787
Wholesale trade46492 324 6 3 1,488
Wholesale trade46474 266 9 1 477
Wholesale trade46419 231 12 4 244
Wholesale trade46497 227 22 0 336
Wholesale trade46432 222 4 2 1,140
Wholesale trade46495 203 10 4 264
Wholesale trade46425 193 3 0 425
Wholesale trade46493 192 15 1 643
Wholesale trade46421 191 9 0 378
Wholesale trade46411 180 8 4 317
Wholesale trade46491 161 6 1 867
Wholesale trade46472 130 3 1 184
Wholesale trade46498 114 3 2 738
Wholesale trade46473 64 2 1 68
Wholesale trade46441 60 1 0 76
Wholesale trade46422 41 1 1 40

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
1,338
Half have run longer than
23 months
Belgium: 20 months
Longer than three years
34%
Belgium: 31%

Measured nationally: Of 108,621 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 9 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

45,466 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. 27.3% of the annual accounts show negative equity, against 12.4% in Belgium. The median net result of €4,743 is below Belgium's €16,497. 40.7% of the annual accounts close with a loss, against 26.7% in Belgium.

Bankruptcies. The median bankruptcy probability of 0.5% is above Belgium's 0.2%.

Inflow and structure. Brussels holds 23.9% of the seats, against 12.5% in Belgium. 14.9% of the companies are sole traders, against 41.6% in Belgium. Half of the companies are younger than 9.9 years, against 8.1 years in Belgium.

Staff and filing. The 5 largest employers hold 62 of the 73 FTE: 84.5%.

Direction. The median net result rose from €315 in financial year 2020 to €4,743 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 46424 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.