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Wholesale trade

NACE 46432
Current registrations221
Starters, 12 months · division 46
2,920
Employment (FTE) · division 46
235,230
Median age · division 46
15.0 years

In NACE division 46, 4.7 companies per 100 started in the past twelve months, against 7.5 nationally; that is lower than that of 70% of the 87 NACE divisions with this figure. Comparison: as of 22-10-2026 05:30.

Key figures for NACE division 46

financial year 2025 · median over 29,497 filed annual accounts
Median solvency
42.7%
Median equity
€181,309
Median net result
€14,943
Annual accounts in sample
29,497

Foreign control in NACE division 46

45,543 registered companies

Staff cost per FTE in NACE division 46

9,636 employers
Median
€64,800
Belgium €61,400
Middle half
€51,300 to €84,200
half of the employers lie between
Place among sectors
45 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €60,400 €47,700 to €78,400 6,082
10 to 49 FTE €70,000 €57,600 to €88,900 2,899
50 to 249 FTE €83,900 €67,300 to €118,500 556
250 FTE or more €80,100 €64,800 to €98,300 99

Bankruptcies

past five years
Bankruptcies (5y)
3
Historical share
1.36%

Nationally, 1.61% of current registrations have a published bankruptcy opening in the past five years. This sector's historical share is higher than that of 60% of the 88 NACE divisions with this figure. The median bankruptcy probability in NACE division 46 is 0.4%, against 0.2% nationally, over 39,204 scored companies. Comparison: as of 22-10-2026 05:30.

Bankruptcies still running

NACE division 46
Running bankruptcies
1,338
Half have run longer than
23 months
Belgium: 20 months
Longer than three years
34%
Belgium: 31%

Measured nationally: Of 108,175 bankruptcies of legal entities across Belgium, 49% were closed within five years for insufficient assets and 28% after liquidation, 3% were withdrawn; 20% were still open after five years. Half had ended after 26 months (a quarter after 15, three quarters after 51 months).

Counts companies with this main activity in the register on 22 October 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

Regional split

by region · 210 of 221 enterprises with a registered office on file
Flanders 134 · 63.8%
Wallonia 51 · 24.3%
Brussels 20 · 9.5%
Unknown 5 · 2.4%

Recent bankruptcies in this sector

3
Date Company
09-03-2026 NOUVELLES VISIONS
BE 0443.615.840
16-02-2026 MAJI OPTIC
BE 0890.651.525
27-08-2024 SOCIAL MEDIA 360
BE 0794.234.515

Geographic distribution

by province · based on the registered office
fewer moremax 52

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €349.4m awarded 6,726 recipients · 2022 to 2025 · largest: Dienstencheques
  • Federal transfers 66.3m amount as published 29 recipients · 2023 to 2025 · largest: Subsidie aan de Centrale Dienst voor Sociale en Culturele Actie
  • Wallonia-Brussels Federation €32.0m paid 31 recipients · 2021 to 2025 · largest: Subventions forfaitaires dans le fondamental
  • EU budget €525.1m attributed share 89 recipients · 2021 to 2025 · largest: Information and communication technology
  • EU research €52.8m eu contribution 83 recipients · 2007 to 2027 · largest: Horizon 2020

Explore every recipient in this sector

How these figures are counted

Current enterprise registrations are counted through their registered main activities; establishment units are excluded. Counted in the KBO's NACE 2025 nomenclature, the one in which code 46432 exists.

Share of currently registered companies with a published bankruptcy opening in the past five years. Registered main activities in the selected classification can overlap. This retrospective share is not a future bankruptcy probability.

The comparison with the country and with the other NACE divisions comes from a nightly overview of every division, each counted in the nomenclature in which it exists. A standing such as "higher than 80%" counts the other divisions that have the figure. The bankruptcy probability is the median of our nightly score over the division's companies that have one; the count is stated.

The key figures cover the whole NACE division 46, not NACE 46432 on its own: there are too few filed annual accounts per five-digit code to compute them separately. The middle company of the sector, based on all filed annual accounts.