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Wholesale trade

NACE 4669
Current registrations3,914
Starters, 12 months · division 46
2,944
Employment (FTE) · division 46
234,417
Median age · division 46
14.9 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. Comparison: as of 10-10-2026 05:30.

Key figures for NACE division 46

financial year 2025 · median over 29,375 filed annual accounts
Median solvency
43.2%
lower than 58% of 79 divisions
Median equity
€181,160
higher than 61% of 79 divisions
Median net result
€14,936
lower than 53% of 79 divisions
Annual accounts in sample
29,375

Foreign control in NACE division 46

46,147 registered companies

Staff cost per FTE in NACE division 46

9,667 employers
Median
€64,700
Belgium €61,300
Middle half
€51,200 to €84,100
half of the employers lie between
Place among sectors
44 of 78
by median staff cost per FTE
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €60,300 €47,600 to €78,200 6,096
10 to 49 FTE €69,900 €57,500 to €88,800 2,915
50 to 249 FTE €83,500 €67,100 to €118,500 557
250 FTE or more €80,100 €64,700 to €98,300 99

Bankruptcies

past five years
Bankruptcies (5y)
51
Historical share
1.30%

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 59% of the 88 NACE divisions. The median bankruptcy probability in NACE division 46 is 0.4%, against 0.2% nationally, over 39,712 scored companies. Comparison: as of 10-10-2026 05:30.

Bankruptcies still running

NACE division 46
Running bankruptcies
1,351
Half have run longer than
23 months
Belgium: 21 months
Longer than three years
33%
Belgium: 31%

Measured nationally: Of 107,837 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entities across Belgium, 49% were closed within five years for insufficient assets and 28% after liquidation, 3% were withdrawn; 20% were still open after five years.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 10 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 · 3,805 of 3,914 enterprises with a registered office on file
Flanders 2,582 · 67.9%
Wallonia 900 · 23.7%
Brussels 236 · 6.2%
Unknown 87 · 2.3%

Recent bankruptcies in this sector

8
Date Company
30-09-2026 Lease or Buy Sun Protection
BE 1010.602.616
16-09-2026 manroland Benelux
BE 0401.870.505
14-09-2026 HydrobyCeos4Climate
BE 0755.970.389
24-08-2026 O25
BE 0744.500.932
04-08-2026 ATON SOLAR
BE 0731.601.912
22-07-2026 Castolin Eutectic Benelux
BE 0402.932.258
06-07-2026 Safety & Spray Technics
BE 0537.313.088
06-07-2026 Solar Energy Conversion Power Corporation
BE 0600.864.421

Geographic distribution

by province · based on the establishment address
fewer moremax 826

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €661.1m awarded 6,755 recipients · 2022 to 2025 · largest: Vlaams Gemeentefonds
  • Federal transfers 67.7m amount as published 29 recipients · 2023 to 2025 · largest: Subsidie aan de Centrale Dienst voor Sociale en Culturele Actie
  • Wallonia-Brussels Federation €30.7m paid 30 recipients · 2021 to 2025 · largest: Subventions forfaitaires dans le fondamental
  • EU budget €564.5m attributed share 91 recipients · 2021 to 2025 · largest: Information and communication technology
  • EU research €55.2m eu contribution 85 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 2008 nomenclature, the one in which code 4669 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 4669 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.