Retail sale of pharmaceutical products
Filed accounts
NACE 47730 · financial year 2025 · 3,836 filed annual accounts| Per financial year | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|
| Median solvency | 36.0% | 37.7% | 40.3% | 41.6% | 42.6% | 42.3% |
| Median net result | €40,373 | €48,788 | €54,614 | €47,169 | €50,079 | €48,582 |
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Bankruptcies
Recent bankruptcies
| Date | Company |
|---|---|
| 24-08-2026 | JUNIOR INVEST
BE 0897.049.367 |
| 10-07-2026 | PHARMACIE BERGMAN
BE 0465.419.559 |
| 06-07-2026 | ACACIA
BE 0420.628.919 |
| 19-06-2026 | Geukens, Nik
BE 0708.810.672 · sole trader · Waremme |
| 06-03-2026 | PHARMACIE SAINT CHARLES
BE 0475.712.744 |
| 13-01-2026 | AVISTER-MEDICAL
BE 0669.862.895 |
| 30-12-2025 | PHARMACIE ANANGA-TALOM
BE 0452.425.222 |
| 21-11-2025 | BE 'O NATUREL
BE 0888.246.618 |
Spread across the country
by region and province · 4,443 of 5,198 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 47730 as first main activity · staff from the latest accounts- 1 MultipharmaAnderlecht 1,523 FTEfinancial year 2025
- 2 L'Economie PopulaireCiney 631 FTEfinancial year 2025
- 3 BENUWavre 370 FTEfinancial year 2026
- 4 Popelin ApothekenAnderlecht 362 FTEfinancial year 2025
- 5 PHARMACIES POPULAIRES DE VERVIERS ET ARRONDISSEMENTThimister-Clermont 340 FTEfinancial year 2025
Joint committees
from the latest accounts of 2,195 companies- 313 Pharmacies and pricing offices 2,162
- 200 Auxiliary committee for white-collar workers 13
- 207 White-collar workers in the chemical industry 7
- 100 Auxiliary committee for blue-collar workers 5
- 201 Independent retail 5
- 321 Wholesale distributors of medicines 5
- 314 Hairdressing and beauty care 4
- 116 Chemical industry 3
Show the 12 others
- 144 Agriculture 3
- 330 Health institutions and services 3
- 118 Food industry 2
- 101 Mining 1
- 102 Quarries 1
- 124 Construction 1
- 149.04 Metal trade 1
- 220 White-collar workers in the food industry 1
- 223 Sport 1
- 310 Banks 1
- 323 Building management, estate agents and domestic staff 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 | 6,394 | 795 | 71 | 10,664 |
| Other retail sale of new goods47789 | 4,194 | 292 | 17 | 2,322 |
| Retail sale of flowers, plants, seeds and fertilisers47761 | 3,344 | 183 | 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 | 2,171 | 293 | 16 | 1,724 |
| Retail sale of cosmetics and toilet articles47750 | 2,042 | 355 | 13 | 1,950 |
Show all 22 activities
| Activity | Registrations | Starters, 12 months | Bankruptcies, 12 months | FTE |
|---|---|---|---|---|
| Retail sale of watches and jewellery47770 | 2,003 | 185 | 10 | 1,243 |
| Retail sale of prescription glasses, lenses and sunglasses47742 | 1,728 | 59 | 5 | 1,747 |
| Retail sale of antiques47791 | 1,432 | 132 | 6 | 377 |
| Retail sale of pets, pet food and pet supplies47762 | 1,325 | 127 | 8 | 1,463 |
| Retail sale of souvenirs and religious articles47784 | 1,094 | 152 | 5 | 318 |
| Retail sale of medical and orthopaedic goods, excluding prescription glasses and lenses47741 | 1,049 | 50 | 9 | 3,514 |
| Retail sale of footwear47721 | 1,014 | 51 | 8 | 2,991 |
| Retail sale of second-hand clothing47792 | 940 | 151 | 9 | 1,453 |
| Retail sale of other second-hand goods, excluding clothing47793 | 920 | 172 | 6 | 836 |
| Retail trade47715 | 664 | 85 | 1 | 249 |
| Retail trade47714 | 506 | 34 | 3 | 882 |
| Retail trade47713 | 487 | 45 | 6 | 440 |
| Retail trade47712 | 448 | 51 | 6 | 279 |
| Retail trade47722 | 403 | 36 | 3 | 431 |
| Retail trade47783 | 338 | 30 | 3 | 706 |
| Retail trade47782 | 76 | 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
11,339 employers| Size | Median | Middle half | Employers |
|---|---|---|---|
| fewer than 10 FTE | €50,500 | €39,700 to €64,200 | 8,074 |
| 10 to 49 FTE | €46,300 | €38,700 to €60,900 | 2,867 |
| 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 108,606 bankruptcies of legal entities across Belgium, 49% were closed within five years for insufficient assets and 29% 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 5 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 60,419 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 222,352 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
- Federal transfers 11.7m amount as published
- Wallonia-Brussels Federation €31.7m paid
- EU budget €76.1m attributed share
- EU research €8.5m EU contribution
Insights on Retail sale of pharmaceutical products
Balance sheet and result. The median net result of €48,582 is above Belgium's €16,539. 4.8% of the annual accounts show negative equity, against 12.4% in Belgium. 13.6% of the annual accounts close with a loss, against 26.7% in Belgium.
Bankruptcies. In 12 months, 1.5 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is fewer than in 76% of the 88 NACE divisions.
Inflow and structure. Half of the companies are younger than 19.6 years, against 8.1 years in Belgium. In 12 months, 2.8 of 100 companies started, against 8.8 in Belgium. That is fewer than in 90% of the 87 NACE divisions. 14.5% of the companies are sole traders, against 41.6% in Belgium.
Staff and filing. The 5 largest employers hold 3,226 of the 11,469 FTE: 28.1%.
Direction. Median solvency rose from 36.0% in financial year 2020 to 42.3% in financial year 2025. The median net result rose from €40,373 in financial year 2020 to €48,582 in financial year 2025.
The comparison with Belgium as a whole and with the other divisions is as of 05-11-2026 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 47730 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 1,275,887 companies with a main activity, because only those belong to a division. The other 699,448 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.