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Wholesale trade

NACE 4649
Current registrations3,527
Starters, 12 months · division 46
2,901
Employment (FTE) · division 46
235,035
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 71% of the 87 NACE divisions with this figure. Comparison: as of 19-10-2026 05:30.

Key figures for NACE division 46

financial year 2025 · median over 29,382 filed annual accounts
Median solvency
42.8%
lower than 57% of the 79 divisions with this figure
Median equity
€181,349
higher than 61% of the 79 divisions with this figure
Median net result
€14,991
lower than 54% of the 79 divisions with this figure
Annual accounts in sample
29,382

Staff cost per FTE in NACE division 46

9,640 employers
Median
€64,800
Belgium €61,400
Middle half
€51,200 to €84,200
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 €60,400 €47,700 to €78,400 6,086
10 to 49 FTE €70,000 €57,500 to €88,900 2,900
50 to 249 FTE €83,900 €67,300 to €118,400 555
250 FTE or more €80,100 €64,700 to €98,300 99

Bankruptcies

past five years
Bankruptcies (5y)
70
Historical share
1.98%

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 68% of the 88 NACE divisions with this figure. The median bankruptcy probability in NACE division 46 is 0.4%, against 0.2% nationally, over 39,233 scored companies. Comparison: as of 19-10-2026 05:30.

Bankruptcies still running

NACE division 46
Running bankruptcies
1,337
Half have run longer than
23 months
Belgium: 21 months
Longer than three years
34%
Belgium: 31%

Measured nationally: Of 108,104 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entities across Belgium, 49% were closed within five years for insufficient assets and 28% after liquidation, 3% were withdrawn; 20% were still open after five years.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 19 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 · 3,182 of 3,527 enterprises with a registered office on file
Flanders 2,056 · 64.6%
Wallonia 714 · 22.4%
Brussels 303 · 9.5%
Unknown 109 · 3.4%

Recent bankruptcies in this sector

8
Date Company
10-09-2026 AJD CORPORATION
BE 0789.523.382
07-09-2026 ILUNO
BE 1021.399.409
04-09-2026 Cyclo - One
BE 0447.404.085
18-08-2026 ACCELL BELGIE
BE 0825.594.021
31-07-2026 ANSTROC
BE 0464.203.396
13-07-2026 EEVE
BE 0674.791.485
17-06-2026 Pierre Papiers Ciseaux
BE 0658.866.956
15-06-2026 TREEBIKE
BE 0745.791.923

Geographic distribution

by province · based on the registered office
fewer moremax 691

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €349.4m awarded 6,729 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 4649 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 4649 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.