Wholesale trade
Filed accounts
NACE 46869 · financial year 2025 · 237 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 42.8% | 45.3% | 45.5% | 45.3% | 46.5% | 48.1% |
| Median net result | €34,001 | €83,768 | €97,250 | €64,306 | €49,280 | €39,413 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 25-09-2026 | S.V.H.-LIER
BE 0880.858.978 |
| 04-11-2024 | EASYPAL
BE 0652.726.361 |
| 09-02-2024 | Texere Biotech
BE 0666.661.105 |
Spread across the country
by region and province · 400 of 421 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
- Abroad
The balance sheets of division 46 on the map, by municipality and down to the address
Largest employers
NACE 46869 as first main activity · staff from the latest accounts- 1 Mitsubishi Chemical Advanced MaterialsTielt 413 FTEfinancial year 2026
- 2 SOLINA BELGIUMEupen 285 FTEfinancial year 2025
- 3 VINKHeist-op-den-Berg 146 FTEfinancial year 2025
- 4 SULO BelgiumNinove 62.6 FTEfinancial year 2025
- 5 CUSTOM FIBERBornem 43.6 FTEfinancial year 2025
Joint committees
from the latest accounts of 121 companies- 200 Auxiliary committee for white-collar workers 51
- 207 White-collar workers in the chemical industry 43
- 116 Chemical industry 28
- 100 Auxiliary committee for blue-collar workers 23
- 136 Paper and cardboard processing 5
- 149.04 Metal trade 5
- 226 White-collar workers in international trade, transport and logistics 5
- 222 White-collar workers in paper and cardboard processing 4
Show the 12 others
- 124 Construction 3
- 142.04 Recovery of raw materials 3
- 214 White-collar workers in the textile industry 3
- 118 Food industry 2
- 119 Food trade 2
- 120 Textile industry 2
- 201 Independent retail 2
- 220 White-collar workers in the food industry 2
- 102 Quarries 1
- 102.01 Quarries 1
- 102.04 Quarries 1
- 110 Textile care 1
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Division 46: Wholesale trade
Related activities
18 other activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Wholesale of construction materials, general range46831 | 1,767 | 43 | 12 | 11,696 |
| Wholesale of diamonds and other precious stones46861 | 1,214 | 34 | 15 | 920 |
| Wholesale of industrial chemicals46851 | 1,208 | 39 | 2 | 5,339 |
| Wholesale of timber46832 | 838 | 18 | 4 | 5,118 |
| Wholesale of solid, liquid and gaseous fuels and related products46810 | 826 | 44 | 5 | 2,871 |
| Wholesale trade46820 | 718 | 41 | 2 | 1,910 |
Show all 18 activities
| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Wholesale trade46841 | 496 | 12 | 2 | 3,268 |
| Wholesale trade46842 | 460 | 18 | 2 | 4,096 |
| Wholesale trade46872 | 407 | 16 | 7 | 899 |
| Wholesale trade46839 | 379 | 17 | 2 | 982 |
| Wholesale trade46833 | 231 | 9 | 0 | 925 |
| Wholesale trade46835 | 165 | 12 | 1 | 317 |
| Wholesale trade46852 | 163 | 8 | 0 | 308 |
| Wholesale trade46836 | 156 | 3 | 1 | 470 |
| Wholesale trade46879 | 124 | 15 | 1 | 126 |
| Wholesale trade46890 | 58 | 38 | 0 | 6 |
| Wholesale trade46834 | 28 | 3 | 1 | 101 |
| Wholesale trade46871 | 18 | 2 | 1 | 8 |
Bankruptcies per year in division 46
| Per year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcies | 803 | 710 | 738 | 687 | 722 | 486 | 417 | 583 | 541 | 625 | 634 | 425 |
| Jobs lost | 1,629 | 1,655 | 1,361 | 1,216 | 1,240 | 1,054 | 890 | 1,029 | 935 | 1,383 | 1,271 | 931 |
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
9,639 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €60,500 | €47,700 to €78,600 | 6,072 |
| 10 to 49 FTE | €70,000 | €57,700 to €89,100 | 2,910 |
| 50 to 249 FTE | €84,000 | €67,400 to €119,200 | 558 |
| 250 FTE or more | €80,100 | €64,800 to €98,300 | 99 |
Employers with the highest staff cost per FTE in this division All sectors by staff cost In the Analysis workbench
Running bankruptcies in the sector
NACE division 46Measured nationally: Of 108,562 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 6 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.
Foreign control in NACE division 46
45,472 registered companiesMain parent countries: Netherlands (206), Germany (128) and France (118).Show on the map by municipality
Subsidies in this sector
per register · legal entities with an enterprise number- Flemish subsidies €266.7m awarded
- Federal transfers 21.5m amount as published
- Wallonia-Brussels Federation €1.3m paid
- EU budget €531.5m attributed share
- EU research €52.9m EU contribution
Insights on Wholesale trade
Balance sheet and result. The median net result of €39,413 is above Belgium's €16,520. Return on equity of 9.0% is below Belgium's 15.9%. Liquidity of 2.15 is above Belgium's 1.66.
Inflow and structure. Half of the companies are younger than 16.8 years, against 8.1 years in Belgium. 4.8% of the companies are sole traders, against 41.6% in Belgium. In 12 months, 3.8 of 100 companies started, against 8.9 in Belgium. That is fewer than in 82% of the 87 NACE divisions.
Staff and filing. The 5 largest employers hold 950 of the 1,477 FTE: 64.4%.
Direction. Median solvency rose from 42.8% in financial year 2020 to 48.1% in financial year 2025. The median net result rose from €34,001 in financial year 2020 to €39,413 in financial year 2025.
The comparison with Belgium as a whole and with the other divisions is as of 06-11-2026 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 46869 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 1,276,581 companies with a main activity, because only those belong to a division. The other 698,987 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.