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Non-specialised wholesale trade

Current registrations 1,541division 46: 61,491
Starters, 12 months 1107.1 per 100 · Belgium 8.9
Bankruptcies, 12 months 117.1 per 1,000 registrations · Belgium 6.2
Employment (FTE) 5,748315 employers · latest accounts
Median age 20.1 yearsBelgium 8.1 years
E-invoicing via Peppol 70.4%1,085 of 1,541 companies in the Peppol Directory · Belgium 85.0%

5 companies file their annual accounts outside the standard format, for example in a sector format. Their figures and staff are missing from the employment, the medians and the largest employers.

Show the 5 companies

Filed accounts

NACE 46900 · financial year 2025 · 870 filed annual accounts
Median solvency
47.7%
division 42.2% · Belgium 46.1%
Median net result
€14,711
division €17,217 · Belgium €16,520
Median equity
€283,467
division €207,401 · Belgium €98,421
Loss-making
31.5%
division 28.8% · Belgium 26.7%
Negative equity
12.4%
division 13.4% · Belgium 12.4%
Median return on equity
8.2%
division 9.9% · Belgium 15.9%
Median liquidity
1.85
division 1.69 · Belgium 1.66
Filed late
38.5%
financial year 2024, 915 filings · division 39.2% · Belgium 38.4%
Missing or 90 days late
7.3%
of 973 companies with annual accounts · division 6.4% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 41.9%43.0%43.3%45.6%47.5%47.7%
Median net result €20,294€24,751€20,247€16,483€17,793€14,711

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

Bankruptcies

Bankruptcies, 5 years, still registered
36
2.34% of the registrations · Belgium 1.68%
Running bankruptcies
50
32.4 per 1,000 registrations

Recent bankruptcies

Date Company
28-10-2026 FALSID
BE 0629.672.332
09-10-2026 ELOY & BECKER
BE 0457.242.459
16-09-2026 MARKANE
BE 0449.315.777
24-07-2026 MEDICAL PRODUCTS & SERVICES BELGIUM
BE 0827.709.512
20-07-2026 INDUSTRIAL REENGINEERING EN SOLUTIONS
BE 0463.218.649
11-06-2026 BERUBICO
BE 0464.902.291
03-06-2026 LIWO Products
BE 0677.934.879
25-03-2026 MITAC RENEWABLE ENERGY
BE 0465.938.906

Every bankruptcy in division 46, last 90 days

Spread across the country

by region and province · 1,428 of 1,541 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 772 · 54.1%
  • Wallonia 209 · 14.6%
  • Brussels 137 · 9.6%
  • Abroad 310 · 21.7%
fewer moremax 323

Largest employers

NACE 46900 as first main activity · staff from the latest accounts
  1. 1 SoliverRoeselare 1,097 FTEfinancial year 2023
  2. 2 DREAMLANDBeersel 436 FTEfinancial year 2025
  3. 3 ERIKS BelgiumAntwerp 357 FTEfinancial year 2025
  4. 4 RAJAPACK BENELUXTongeren-Borgloon 203 FTEfinancial year 2025
  5. 5 DAIKIN AIRCONDITIONING BELGIUMOstend 185 FTEfinancial year 2026

Joint committees

from the latest accounts of 373 companies
  • 200 Auxiliary committee for white-collar workers 215
  • 100 Auxiliary committee for blue-collar workers 110
  • 226 White-collar workers in international trade, transport and logistics 37
  • 201 Independent retail 35
  • 207 White-collar workers in the chemical industry 33
  • 116 Chemical industry 29
  • 149.04 Metal trade 28
  • 111 Metal, mechanical and electrical engineering 12
Show the 12 others
  • 209 White-collar workers in metal manufacturing 12
  • 124 Construction 10
  • 119 Food trade 6
  • 139 Inland shipping 5
  • 149 Sectors related to metal, mechanical and electrical engineering 5
  • 149.01 Electricians: installation and distribution 5
  • 112 Garages 4
  • 126 Furnishing and woodworking 4
  • 140.03 Road transport and logistics for third parties 4
  • 215 White-collar workers in the clothing and garment industry 3
  • 302 Hotels and catering 3
  • 314 Hairdressing and beauty care 3

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

Division 46: Wholesale trade

Related activities

101 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Agents in non-specialised wholesale trade46190 5,959 318 55 2,247
Agents specialised in the wholesale of other particular products46180 4,299 232 39 2,673
Wholesale of other machinery and equipment46649 2,453 63 11 6,550
Wholesale of information and communication equipment46500 2,063 57 4 8,185
Wholesale of cars and light vans (up to 3.5 tonnes)46711 2,060 151 18 8,711
Wholesale of pharmaceutical and medical goods46460 1,864 82 7 17,386
Show all 101 activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Wholesale of construction materials, general range46831 1,767 43 12 11,696
Agents in the wholesale of furniture, household goods and hardware46150 1,697 46 17 942
Agents in the wholesale of food, beverages and tobacco46170 1,597 81 20 1,779
Wholesale of beverages, general range46349 1,537 96 14 3,537
Wholesale of other food products46389 1,385 84 17 4,892
Wholesale of clothing, excluding workwear and underwear46423 1,263 50 11 5,432
Agents in the wholesale of textiles, clothing, fur, footwear and leather goods46160 1,249 43 9 808
Wholesale of electrical equipment, including installation materials46643 1,219 34 12 7,993
Wholesale of diamonds and other precious stones46861 1,214 34 15 920
Wholesale of industrial chemicals46851 1,208 39 2 5,339
Wholesale of other household goods46499 1,144 32 4 2,223
Agents in the wholesale of timber and building materials46130 1,109 47 9 760
Wholesale of motor vehicle parts and accessories46720 1,085 47 5 6,019
Agents in the wholesale of industrial machinery, ships and aircraft46140 1,058 51 8 1,406
Wholesale of wines and spirits46341 1,027 71 6 707
Wholesale of electrical household appliances and audio-video equipment46431 963 35 10 3,564
Wholesale of fruit and vegetables, excluding potatoes46319 946 36 8 4,714
Wholesale of live animals46231 932 21 2 668
Wholesale of timber46832 838 18 4 5,118
Wholesale of solid, liquid and gaseous fuels and related products46810 826 44 5 2,871
Wholesale of machine tools46620 816 16 4 6,035
Wholesale trade46610 795 21 0 1,947
Wholesale of perfume and cosmetics46450 774 41 5 2,584
Wholesale of meat and meat products, excluding game and poultry46321 735 19 9 6,903
Wholesale trade46820 718 41 2 1,910
Wholesale of agricultural produce and animal feed, general range46216 682 3 1 2,158
Non-specialised wholesale46392 679 29 5 5,933
Wholesale of household textiles and bedding46412 667 7 5 1,696
Wholesale of non-electrical household articles46494 661 9 9 2,364
Wholesale trade46496 567 16 6 3,188
Wholesale trade46480 550 16 1 486
Wholesale trade46220 535 24 2 1,124
Wholesale trade46120 523 17 2 1,206
Wholesale trade46841 496 12 2 3,268
Wholesale trade46442 463 16 4 1,983
Wholesale trade46842 460 18 2 4,096
Wholesale trade46360 450 21 7 2,930
Wholesale trade46869 421 16 1 1,477
Wholesale trade46872 407 16 7 899
Wholesale trade46110 404 21 2 143
Wholesale trade46370 403 43 4 838
Wholesale trade46331 394 20 0 2,052
Wholesale trade46630 383 12 0 2,121
Wholesale trade46839 379 17 2 982
Wholesale trade46713 327 7 4 1,143
Wholesale trade46492 325 6 3 1,490
Wholesale trade46471 323 16 7 787
Wholesale trade46474 266 9 1 477
Wholesale trade46712 262 16 2 475
Wholesale trade46419 231 12 4 244
Wholesale trade46833 231 9 0 925
Wholesale trade46323 228 10 3 1,163
Wholesale trade46497 226 21 0 336
Wholesale trade46432 222 4 2 1,140
Wholesale trade46391 220 13 2 940
Wholesale trade46495 202 9 4 264
Wholesale trade46382 193 13 0 895
Wholesale trade46425 192 2 0 425
Wholesale trade46421 191 9 0 378
Wholesale trade46493 190 13 1 643
Wholesale trade46646 188 9 0 465
Wholesale trade46322 180 8 0 1,042
Wholesale trade46411 180 8 4 317
Wholesale trade46211 175 9 0 104
Wholesale trade46232 172 4 2 90
Wholesale trade46730 168 15 1 171
Wholesale trade46835 165 12 1 317
Wholesale trade46852 163 8 0 308
Wholesale trade46491 161 6 1 867
Wholesale trade46836 156 3 1 470
Wholesale trade46644 152 6 2 778
Wholesale trade46647 144 3 0 667
Wholesale trade46212 143 8 0 151
Wholesale trade46311 140 6 1 1,054
Wholesale trade46472 130 3 1 184
Wholesale trade46641 130 10 0 89
Wholesale trade46879 124 15 1 126
Wholesale trade46645 116 5 0 245
Wholesale trade46498 114 3 2 738
Wholesale trade46350 98 5 1 428
Wholesale trade46424 94 7 1 73
Wholesale trade46214 76 4 0 111
Wholesale trade46648 69 0 1 65
Wholesale trade46332 68 9 0 159
Wholesale trade46473 64 2 1 68
Wholesale trade46441 60 1 0 76
Wholesale trade46890 58 38 0 6
Wholesale trade46642 56 6 0 161
Wholesale trade46381 53 4 0 158
Wholesale trade46422 41 1 1 40
Wholesale trade46240 31 0 0 32
Wholesale trade46834 28 3 1 101
Wholesale trade46213 24 1 0 8
Wholesale trade46215 21 0 1 23
Wholesale trade46871 18 2 1 8

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

9,639 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 6,072
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

Running bankruptcies in the sector

NACE division 46
Number
1,337
Half have run longer than
23 months
Belgium: 20 months
Longer than three years
34%
Belgium: 31%

Measured 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.

Outcome by court and division

Foreign control in NACE division 46

45,472 registered companies

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €266.7m awarded 6,714 recipients · 2022 to 2025 · largest: Dienstencheques
  • 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)
  • Wallonia-Brussels Federation €1.3m paid 17 recipients · 2021 to 2025 · largest: Conventions et contrats programmes indexés dans le domaine des centres culturels
  • 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 Non-specialised wholesale trade

Balance sheet and result. Return on equity of 8.2% is below Belgium's 15.9%. 31.5% of the annual accounts close with a loss, against 26.7% in Belgium. Liquidity of 1.85 is above Belgium's 1.66.

Bankruptcies. In 12 months, 7.1 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 74% of the 88 NACE divisions. The median bankruptcy probability of 0.3% is above Belgium's 0.2%.

Inflow and structure. Half of the companies are younger than 20.1 years, against 8.1 years in Belgium. 7.1% of the companies are sole traders, against 41.6% in Belgium. In 12 months, 7.1 of 100 companies started, against 8.9 in Belgium. That is fewer than in 54% of the 87 NACE divisions.

Staff and filing. The 5 largest employers hold 2,279 of the 5,748 FTE: 39.6%.

Direction. Median solvency rose from 41.9% in financial year 2020 to 47.7% in financial year 2025. The median net result fell from €20,294 in financial year 2020 to €14,711 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 46900 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.