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Retail trade

NACE 47111
Current registrations204
Starters, 12 months · division 47
10,487
Employment (FTE) · division 47
243,402
Median age · division 47
9.4 years

In NACE division 47, 9.0 companies per 100 started in the past twelve months, against 7.5 nationally; that is higher than that of 66% of the 87 NACE divisions. Comparison: as of 01-10-2026 05:30.

Key figures for NACE division 47

fiscal year 2025 · median over 33,890 filed annual accounts
Median solvency
35.4%
lower than 80% of 79 divisions
Median equity
€92,126
lower than 62% of 79 divisions
Median net result
€10,446
lower than 67% of 79 divisions
Annual accounts in sample
33,890

Foreign control in NACE division 47

61,071 registered companies

Staff cost per FTE in NACE division 47

3,222 employers
Median
€47,400
Belgium €65,100
Middle half
€39,000 to €62,200
half of the employers lie between
Place among sectors
69 of 73
by median staff cost per FTE
By size class
SizeMedianMiddle halfEmployers
10 to 49 FTE €46,400 €38,500 to €60,900 2,830
50 to 249 FTE €57,400 €44,400 to €71,700 317
250 FTE or more €55,800 €47,600 to €67,200 75

Bankruptcies

past five years
Bankruptcies (5y)
11
Historical share
5.39%

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 98% of the 88 NACE divisions. The median bankruptcy probability in NACE division 47 is 0.8%, against 0.5% nationally, over 57,490 scored companies. Comparison: as of 01-10-2026 05:30.

Bankruptcies still running

NACE division 47
Running bankruptcies
2,332
Half have run longer than
20 months
Belgium: 21 months
Longer than three years
28%
Belgium: 31%

Measured nationally: Of 107,662 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entities across Belgium, 49% were closed within five years for insufficient assets and 28% after liquidation, 3% were withdrawn; 20% were still open after five years.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 1 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 · 134 of 204 enterprises with a registered office on file
Flanders 71 · 53.0%
Wallonia 33 · 24.6%
Brussels 30 · 22.4%

Recent bankruptcies in this sector

8
Date Company
21-09-2026 MINHAS
BE 0462.454.230
14-07-2026 KSTD
BE 0731.852.528
29-06-2026 Royal Brands Distribution
BE 0793.258.080
18-05-2026 LIMONKA
BE 0746.810.324
16-02-2026 PAIM DA CAMARA
BE 0801.305.815
21-01-2026 Trinidad Maldonado, Mimmo
BE 0638.741.436 · sole trader · Diepenbeek
10-10-2025 L'ATELIER 2000
BE 0457.057.169
22-08-2025 ER
BE 0861.853.908

Geographic distribution

by province · based on the establishment address
fewer moremax 30

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €417.2m awarded 9,108 recipients · 2022 to 2025 · largest: Erkenning en subsidiëring als maatwerkafdeling
  • Federal transfers 49.7m amount as published 32 recipients · 2023 to 2025 · largest: Toelagen OCMW's recht op maatschappelijke integratie
  • Wallonia-Brussels Federation €37.6m paid 113 recipients · 2021 to 2025 · largest: Subventions aux organisations de jeunesse (décret du 20 juin 1980 et du 26 mars 2009)
  • EU budget €76.7m attributed share 25 recipients · 2021 to 2025 · largest: Information and communication technology
  • EU research €8.5m eu contribution 13 recipients · 2008 to 2026 · 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 47111 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 47, not NACE 47111 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.