Retail trade
Filed accounts
NACE 47722 · financial year 2025 · 170 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 26.8% | 34.9% | 34.5% | 33.4% | 31.3% | 33.0% |
| Median net result | €6,557 | €10,402 | €7,624 | €10,144 | €3,056 | €5,759 |
Hold your customer's or competitor's figures against them in the Sector benchmark
Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 09-04-2026 | KARWAN
BE 0423.054.018 |
| 31-12-2025 | MA FAÇON A MOI
BE 0667.813.623 |
| 18-11-2025 | Luciani & Figlie
BE 0768.942.853 |
| 24-09-2025 | FIRST STAR COMPANY
BE 1012.158.079 |
| 06-06-2025 | LDW BELGIQUE
BE 0891.881.346 |
| 06-11-2024 | GILANCE
BE 0402.622.848 |
| 25-03-2024 | FRAMACO
BE 0421.974.249 |
| 16-05-2023 | Jamoul, Philippe
BE 0746.669.970 · sole trader · Eghezée |
Spread across the country
by region and province · 225 of 403 enterprises with a registered office on file · a sole trader has no published seat- Flanders
- Wallonia
- Brussels
- Abroad
The balance sheets of division 47 on the map, by municipality and down to the address
Largest employers
NACE 47722 as first main activity · staff from the latest accounts- 1 LOUIS VUITTON BELGIUMIxelles 79.6 FTEfinancial year 2025
- 2 HERMES BENELUX NORDICSBrussels 76.6 FTEfinancial year 2025
- 3 DELVAUX CREATEUREtterbeek 67.9 FTEfinancial year 2026
- 4 LONGCHAMP BENELUXIxelles 45.6 FTEfinancial year 2025
- 5 EDISAC BELGIUMOstend 14.2 FTEfinancial year 2025
Joint committees
from the latest accounts of 77 companies- 201 Independent retail 64
- 100 Auxiliary committee for blue-collar workers 5
- 128 Hides, leather and substitutes 5
- 200 Auxiliary committee for white-collar workers 4
- 302 Hotels and catering 3
- 119 Food trade 2
- 140.04 Airport ground handling 1
- 226 White-collar workers in international trade, transport and logistics 1
Show the 4 others
- 311 Large retail businesses 1
- 313 Pharmacies and pricing offices 1
- 314 Hairdressing and beauty care 1
- 332 French- and German-speaking welfare and health sector 1
Source: the annual accounts at the National Bank. One filing can name more than one committee.
Division 47: Retail trade
Related activities
22 other activities| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Retail sale of clothing and accessories for women, men, children and babies (general range)47716 | 6,392 | 798 | 70 | 10,660 |
| Retail sale of pharmaceutical products47730 | 5,194 | 149 | 8 | 11,476 |
| Other retail sale of new goods47789 | 4,199 | 299 | 17 | 2,325 |
| Retail sale of flowers, plants, seeds and fertilisers47761 | 3,348 | 187 | 15 | 2,345 |
| Retail sale of solid, liquid and gaseous fuels, excluding motor fuels47781 | 3,078 | 21 | 19 | 932 |
| Retail sale of women's outerwear47711 | 2,166 | 293 | 16 | 1,723 |
Show all 22 activities
| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Retail sale of cosmetics and toilet articles47750 | 2,045 | 359 | 13 | 1,950 |
| Retail sale of watches and jewellery47770 | 2,003 | 187 | 10 | 1,247 |
| Retail sale of prescription glasses, lenses and sunglasses47742 | 1,728 | 60 | 5 | 1,747 |
| Retail sale of antiques47791 | 1,434 | 133 | 6 | 377 |
| Retail sale of pets, pet food and pet supplies47762 | 1,328 | 129 | 8 | 1,464 |
| Retail sale of souvenirs and religious articles47784 | 1,094 | 152 | 5 | 318 |
| Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses47741 | 1,051 | 50 | 9 | 3,514 |
| Retail sale of footwear47721 | 1,016 | 52 | 8 | 2,991 |
| Retail sale of second-hand clothing47792 | 942 | 154 | 9 | 1,453 |
| Retail sale of other second-hand goods, excluding clothing47793 | 923 | 175 | 6 | 836 |
| Retail trade47715 | 664 | 86 | 1 | 249 |
| Retail trade47714 | 506 | 34 | 3 | 882 |
| Retail trade47713 | 487 | 47 | 6 | 440 |
| Retail trade47712 | 450 | 53 | 6 | 270 |
| Retail trade47783 | 338 | 30 | 3 | 706 |
| Retail trade47782 | 75 | 9 | 0 | - |
Bankruptcies per year in division 47
| Per year | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Bankruptcies | 1,394 | 1,382 | 1,499 | 1,374 | 1,438 | 931 | 746 | 1,076 | 1,169 | 1,299 | 1,294 | 914 |
| Jobs lost | 2,893 | 3,468 | 2,913 | 2,713 | 2,892 | 4,088 | 2,112 | 2,125 | 4,156 | 3,933 | 3,511 | 2,092 |
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
11,342 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €50,500 | €39,600 to €64,200 | 8,079 |
| 10 to 49 FTE | €46,300 | €38,700 to €60,900 | 2,865 |
| 50 to 249 FTE | €57,600 | €45,000 to €72,100 | 320 |
| 250 FTE or more | €58,400 | €47,500 to €70,900 | 78 |
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 47Measured nationally: Of 108,651 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 10 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.
177 of the 60,413 companies in NACE division 47 have a parent company abroad. Main parent countries: Netherlands (54), France (51) and Germany (15). Together they employ 30,842 of the division's 222,368 FTE: 14%, against 14% for Belgium as a whole.
Subsidies in this sector
per register · legal entities with an enterprise number- Flemish subsidies €389.8m awarded
- Wallonia-Brussels Federation €31.7m paid
- Federal transfers 11.7m amount as published
- EU budget €76.1m attributed share
- EU research €8.6m EU contribution
Insights on Retail trade
Balance sheet and result. 22.9% of the annual accounts show negative equity, against 12.4% in Belgium. The median net result of €5,759 is below Belgium's €16,492. Return on equity of 9.5% is below Belgium's 15.9%.
Bankruptcies. The median bankruptcy probability of 0.6% is above Belgium's 0.2%.
Inflow and structure. Brussels holds 24.0% of the seats, against 12.5% in Belgium. Half of the companies are younger than 14.1 years, against 8.1 years in Belgium. This activity holds 0.3% of the registrations of Retail trade.
Staff and filing. 48.9% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 284 of the 431 FTE: 65.9%.
Direction. Median solvency rose from 26.8% in financial year 2020 to 33.0% in financial year 2025. The median net result fell from €6,557 in financial year 2020 to €5,759 in financial year 2025.
The comparison with Belgium as a whole and with the other divisions is as of 10-11-2026 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 47722 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 1,276,421 companies with a main activity, because only those belong to a division. The other 699,557 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.