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Wholesale trade

Current registrations 263division 46: 61,492
Starters, 12 months 166.1 per 100 · Belgium 8.9
Bankruptcies, 12 months 27.6 per 1,000 registrations · Belgium 6.2
Employment (FTE) 47539 employers · latest accounts
Median age 16.5 yearsBelgium 8.1 years
E-invoicing via Peppol 88.2%232 of 263 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 46712 · financial year 2025 · 173 filed annual accounts
Median solvency
38.7%
division 42.2% · Belgium 46.1%
Median net result
€61,731
division €17,196 · Belgium €16,500
Median equity
€1.1m
division €207,129 · Belgium €98,350
Loss-making
19.8%
division 28.8% · Belgium 26.7%
Negative equity
4.1%
division 13.4% · Belgium 12.4%
Median return on equity
12.9%
division 9.9% · Belgium 15.9%
Median liquidity
1.60
division 1.69 · Belgium 1.66
Filed late
31.7%
financial year 2024, 180 filings · division 39.2% · Belgium 38.4%
Missing or 90 days late
9.7%
of 196 companies with annual accounts · division 6.4% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 33.8%34.0%31.9%33.3%37.1%38.7%
Median net result €48,232€72,438€89,857€75,068€61,814€61,731

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

Bankruptcies

Bankruptcies, 5 years, still registered
5
1.90% of the registrations · Belgium 1.68%
Running bankruptcies
7
26.6 per 1,000 registrations

Recent bankruptcies

Date Company
01-07-2026 HAMAM TRANS
BE 0799.672.156
03-06-2026 Euro-Trucks.be +
BE 0822.143.294
05-03-2025 Labeeuw Trucks
BE 0834.887.017
08-08-2024 Eter, Issam
BE 0749.983.610 · sole trader · Tournai
29-03-2023 UNIVERSELE MACHINE SERVICE
BE 0874.564.767

Every bankruptcy in division 46, last 90 days

Spread across the country

by region and province · 235 of 263 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 181 · 77.0%
  • Wallonia 29 · 12.3%
  • Brussels 11 · 4.7%
  • Abroad 14 · 6.0%
fewer moremax 50

Largest employers

NACE 46712 as first main activity · staff from the latest accounts
  1. 1 Daimler Truck Belgium LuxembourgZaventem 55.5 FTEfinancial year 2025
  2. 2 Derma TrucksBruges 43.0 FTEfinancial year 2025
  3. 3 EURO-TRUCKS CLAESSint-Truiden 37.1 FTEfinancial year 2025
  4. 4 PAESEN TRUCKS ZOLDERHeusden-Zolder 32.5 FTEfinancial year 2025
  5. 5 TH Trucks GentHooglede 31.8 FTEfinancial year 2025

Joint committees

from the latest accounts of 109 companies
  • 200 Auxiliary committee for white-collar workers 82
  • 112 Garages 77
  • 149.04 Metal trade 6
  • 100 Auxiliary committee for blue-collar workers 2
  • 111 Metal, mechanical and electrical engineering 2
  • 140 Transport and logistics 2
  • 149.02 Coachwork 2
  • 201 Independent retail 2
Show the 8 others
  • 209 White-collar workers in metal manufacturing 2
  • 226 White-collar workers in international trade, transport and logistics 2
  • 127 Fuel trade 1
  • 140.03 Road transport and logistics for third parties 1
  • 140.04 Airport ground handling 1
  • 142.01 Recovery of raw materials 1
  • 144 Agriculture 1
  • 149 Sectors related to metal, mechanical and electrical engineering 1

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

Division 46: Wholesale trade

Related activities

4 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Wholesale of cars and light vans (up to 3.5 tonnes)46711 2,057 151 18 8,660
Wholesale of motor vehicle parts and accessories46720 1,085 47 5 6,018
Wholesale trade46713 327 7 4 1,143
Wholesale trade46730 168 15 1 171

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

9,636 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 €78,600 6,070
10 to 49 FTE €70,000 €57,700 to €89,100 2,911
50 to 249 FTE €84,000 €67,300 to €119,500 557
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 108,642 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 8 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

45,467 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. The median net result of €61,731 is above Belgium's €16,500. 4.1% of the annual accounts show negative equity, against 12.4% in Belgium. 19.8% of the annual accounts close with a loss, against 26.7% in Belgium.

Bankruptcies. The median bankruptcy probability of 0.3% is above Belgium's 0.2%.

Inflow and structure. Half of the companies are younger than 16.5 years, against 8.1 years in Belgium. 10.6% of the companies are sole traders, against 41.6% in Belgium. In 12 months, 6.1 of 100 companies started, against 8.9 in Belgium. That is fewer than in 60% of the 87 NACE divisions.

Staff and filing. 31.7% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 200 of the 475 FTE: 42.1%.

Direction. Median solvency rose from 33.8% in financial year 2020 to 38.7% in financial year 2025. The median net result rose from €48,232 in financial year 2020 to €61,731 in financial year 2025.

The comparison with Belgium as a whole and with the other divisions is as of 08-11-2026 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 46712 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 1,276,474 companies with a main activity, because only those belong to a division. The other 699,509 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.