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Retail sale of information and communication equipment

Current registrations 3,173division 47: 115,448
Starters, 12 months 1454.6 per 100 · Belgium 8.9
Bankruptcies, 12 months 309.5 per 1,000 registrations · Belgium 6.2
Employment (FTE) 3,917244 employers · latest accounts
Median age 14.6 yearsBelgium 8.1 years
E-invoicing via Peppol 90.3%2,866 of 3,173 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 47400 · financial year 2025 · 1,714 filed annual accounts
Median solvency
44.4%
division 35.1% · Belgium 46.1%
Median net result
€11,602
division €11,274 · Belgium €16,520
Median equity
€81,263
division €98,568 · Belgium €98,421
Loss-making
26.3%
division 29.5% · Belgium 26.7%
Negative equity
14.6%
division 16.9% · Belgium 12.4%
Median return on equity
14.5%
division 12.3% · Belgium 15.9%
Median liquidity
1.66
division 1.47 · Belgium 1.66
Filed late
42.8%
financial year 2024, 1,790 filings · division 46.7% · Belgium 38.4%
Missing or 90 days late
8.2%
of 1,928 companies with annual accounts · division 7.5% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 40.9%40.4%40.3%40.3%42.1%44.4%
Median net result €12,058€10,225€7,812€8,363€7,919€11,602

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

Bankruptcies

Bankruptcies, 5 years, still registered
81
2.55% of the registrations · Belgium 1.68%
Running bankruptcies
90
28.4 per 1,000 registrations

Recent bankruptcies

Date Company
29-10-2026 CT5
BE 0875.731.935
28-10-2026 SEB TELECOM
BE 0801.302.944
21-10-2026 SpectralBot
BE 0790.563.262
30-09-2026 FDR Trade & services
BE 0537.592.608
25-09-2026 TECH TRONICS
BE 1014.225.961
16-09-2026 MR MUSA SNEL REPARATIE
BE 0802.225.236
17-08-2026 BASHI 1997
BE 0798.814.301
17-07-2026 SKY MOBIL
BE 0879.435.355

Every bankruptcy in division 47, last 90 days

Spread across the country

by region and province · 2,227 of 3,173 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 1,287 · 57.8%
  • Wallonia 566 · 25.4%
  • Brussels 356 · 16.0%
  • Abroad 18 · 0.8%
fewer moremax 381

Largest employers

NACE 47400 as first main activity · staff from the latest accounts
  1. 1 EVSSeraing 443 FTEfinancial year 2025
  2. 2 ZORGIBrussels 324 FTEfinancial year 2025
  3. 3 ORACLE BELGIUMVilvoorde 175 FTEfinancial year 2025
  4. 4 AD ULTIMAKortrijk 115 FTEfinancial year 2025
  5. 5 APPLE RETAIL BELGIUMSaint-Josse-ten-Noode 107 FTEfinancial year 2025

Joint committees

from the latest accounts of 495 companies
  • 200 Auxiliary committee for white-collar workers 228
  • 201 Independent retail 201
  • 149.01 Electricians: installation and distribution 48
  • 100 Auxiliary committee for blue-collar workers 38
  • 149.04 Metal trade 28
  • 311 Large retail businesses 24
  • 149 Sectors related to metal, mechanical and electrical engineering 21
  • 119 Food trade 6
Show the 12 others
  • 124 Construction 5
  • 314 Hairdressing and beauty care 5
  • 209 White-collar workers in metal manufacturing 3
  • 227 Audiovisual sector 3
  • 302 Hotels and catering 3
  • 111 Metal, mechanical and electrical engineering 2
  • 313 Pharmacies and pricing offices 2
  • 330 Health institutions and services 2
  • 116 Chemical industry 1
  • 126 Furnishing and woodworking 1
  • 130 Printing, graphic arts and newspapers 1
  • 140 Transport and logistics 1

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

Division 47: Retail trade

Related activities

71 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Other non-specialised retail sale47120 12,410 1,220 57 17,475
Retail sale of cars and light vans (up to 3.5 tonnes)47811 10,466 852 110 22,429
Non-specialised retail sale with food, beverages or tobacco predominating47110 10,341 836 186 72,308
Retail sale of clothing and accessories for women, men, children and babies (general range)47716 6,396 799 71 10,658
Retail sale of pharmaceutical products47730 5,195 148 8 11,475
Other retail sale of new goods47789 4,198 297 17 2,322
Show all 71 activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Retail sale of fruit and vegetables47210 3,671 122 32 1,621
Retail sale of flowers, plants, seeds and fertilisers47761 3,347 185 15 2,345
Retail sale of solid, liquid and gaseous fuels, excluding motor fuels47781 3,078 21 19 932
Retail sale of meat and meat products, excluding game and poultry47221 3,009 141 28 6,931
Retail sale of household furniture47551 2,562 120 40 7,692
Other retail sale of food47279 2,443 325 24 1,420
Retail sale of bread and pastry (bakery outlets)47241 2,352 158 34 2,781
Retail sale of wines and spirits47251 2,328 292 9 140
Retail sale of newspapers and periodicals47621 2,280 75 25 1,856
Retail sale of women's outerwear47711 2,168 293 16 1,724
Retail sale of cosmetics and toilet articles47750 2,047 359 13 1,950
Retail sale of watches and jewellery47770 2,004 187 10 1,243
Retail sale of prescription glasses, lenses and sunglasses47742 1,729 60 5 1,747
Retail sale of hardware, building materials, paint and glass (general range)47521 1,680 63 11 8,283
Retail sale of beverages, general range47252 1,505 163 9 2,992
Retail sale of electrical household appliances47540 1,489 75 7 4,706
Retail sale of bicycles47632 1,448 87 10 1,372
Retail sale of antiques47791 1,434 132 6 377
Retail sale of pets, pet food and pet supplies47762 1,326 128 8 1,463
Retail sale of other sporting goods47639 1,301 102 7 854
Retail sale of other cultural and recreation goods47690 1,277 145 9 202
Retail sale of household textiles and bedding47512 1,259 43 4 2,037
Retail sale of motor vehicle parts and accessories47820 1,255 103 8 1,968
Retail sale of automotive fuel47300 1,234 45 14 2,555
Retail sale of motorcycles and motorcycle parts and accessories47830 1,101 45 4 824
Retail sale of souvenirs and religious articles47784 1,094 151 5 318
Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses47741 1,050 50 9 3,514
Retail sale of other household articles47559 1,036 126 5 200
Retail sale of games and toys47640 1,027 255 5 1,069
Retail sale of footwear47721 1,015 52 8 2,991
Retail sale of second-hand clothing47792 940 153 9 1,453
Retail sale of other second-hand goods, excluding clothing47793 923 175 6 836
Retail sale of chocolate and confectionery47242 879 89 12 361
Intermediation services for non-specialised retail47910 843 560 1 40
Retail sale of lighting equipment47552 752 24 1 2,261
Retail trade47715 664 86 1 249
Retail trade47610 607 72 4 435
Retail trade47530 528 42 1 372
Retail trade47920 510 304 0 36
Retail trade47714 506 34 3 882
Retail trade47713 488 47 6 440
Retail trade47230 455 29 11 345
Retail trade47712 450 53 6 270
Retail trade47553 425 51 2 260
Retail trade47260 411 19 8 342
Retail trade47722 403 36 3 431
Retail trade47271 389 31 1 218
Retail trade47529 365 22 5 233
Retail trade47783 338 30 3 706
Retail trade47812 336 24 2 1,311
Retail trade47525 300 19 0 333
Retail trade47554 272 39 1 318
Retail trade47222 269 26 5 279
Retail trade47519 266 23 1 88
Retail trade47511 259 28 3 79
Retail trade47522 231 14 2 187
Retail trade47513 225 23 0 4
Retail trade47527 212 19 5 304
Retail trade47523 170 7 2 251
Retail trade47526 161 3 1 164
Retail trade47631 127 3 1 49
Retail trade47782 76 9 0 -
Retail trade47524 74 1 3 105
Retail trade47622 33 24 0 6
Retail trade47813 25 9 0 5

Bankruptcies per year in division 47

Per year201520162017201820192020202120222023202420252026
Bankruptcies1,3941,3821,4991,3741,4389317461,0761,1691,2991,294914
Jobs lost2,8933,4682,9132,7132,8924,0882,1122,1254,1563,9333,5112,092

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 47

11,335 employers
Median
€49,800
Belgium €61,400
Middle half
€39,600 to €63,800
half of the employers lie between
Place among sectors
73 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €50,500 €39,700 to €64,200 8,071
10 to 49 FTE €46,400 €38,700 to €60,900 2,866
50 to 249 FTE €57,600 €45,000 to €72,100 320
250 FTE or more €58,400 €47,500 to €70,900 78

Running bankruptcies in the sector

NACE division 47
Number
2,272
Half have run longer than
20 months
Belgium: 20 months
Longer than three years
29%
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

177 of the 60,397 companies in NACE division 47 have a parent company abroad. Main parent countries: Netherlands (54), France (51) and Germany (15). Together they employ 30,846 of the division's 222,349 FTE: 14%, against 14% for Belgium as a whole.

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €389.9m awarded 9,037 recipients · 2022 to 2025 · largest: Erkenning en subsidiëring als maatwerkafdeling
  • Federal transfers 11.7m amount as published 30 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 €31.7m paid 108 recipients · 2021 to 2025 · largest: Subventions aux organisations de jeunesse (décret du 20 juin 1980 et du 26 mars 2009)
  • EU budget €76.1m attributed share 24 recipients · 2021 to 2025 · largest: Information and communication technology
  • EU research €8.6m EU contribution 14 recipients · 2008 to 2026 · largest: Horizon 2020

Explore every recipient in this sector

Insights on Retail sale of information and communication equipment

Balance sheet and result. The median net result of €11,602 is below Belgium's €16,520. 14.6% of the annual accounts show negative equity, against 12.4% in Belgium.

Bankruptcies. In 12 months, 9.5 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 84% of the 88 NACE divisions. The median bankruptcy probability of 0.5% is above Belgium's 0.2%.

Inflow and structure. Half of the companies are younger than 14.6 years, against 8.1 years in Belgium. In 12 months, 4.6 of 100 companies started, against 8.9 in Belgium. That is fewer than in 72% of the 87 NACE divisions. Brussels holds 16.1% of the seats, against 12.5% in Belgium.

Staff and filing. 42.8% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 1,164 of the 3,917 FTE: 29.7%.

Direction. Median solvency rose from 40.9% in financial year 2020 to 44.4% 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 47400 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.