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Land transport and transport via pipelines

NACE 49110 · division 49 Land transport
Current registrations 26division 49: 23,151
Starters, 12 months 13.8 per 100 · Belgium 8.9
Employment (FTE) 4143 employers · latest accounts

No bankruptcy in the past five years.

Spread across the country

by region and province · 24 of 26 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 9 · 37.5%
  • Brussels 7 · 29.2%
  • Wallonia 1 · 4.2%
  • Abroad 7 · 29.2%
fewer moremax 7

The balance sheets of division 49 on the map, by municipality and down to the address

Largest employers

NACE 49110 as first main activity · staff from the latest accounts
  1. 1 THI FACTORYSint-Gillis (bij-Brussel) 363 FTEfinancial year 2025
  2. 2 HSL BELGIUMAntwerp 45.0 FTEfinancial year 2025
  3. 3 ZENITH LOGISTICSAntwerp 5.9 FTEfinancial year 2025

Companies

26 with this main activity

Joint committees

from the latest accounts of 2 companies
  • 200 Auxiliary committee for white-collar workers 1
  • 226 White-collar workers in international trade, transport and logistics 1

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

Division 49: Land transport

Related activities

1 other activity
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Land transport and transport via pipelines49120 4 0 0 -

Filed accounts of the division

NACE division 49 · financial year 2025 · 10,540 filed annual accounts
Median solvency
37.3%
Belgium 46.1%
Median net result
€10,069
Belgium €16,516
Median equity
€68,533
Belgium €98,395
Loss-making
27.7%
Belgium 26.7%
Negative equity
13.0%
Belgium 12.4%
Median return on equity
13.5%
Belgium 15.9%
Median liquidity
1.30
Belgium 1.66
Filed late
49.0%
financial year 2024, 9,664 filings · Belgium 38.4%
Missing or 90 days late
9.4%
of 12,568 companies with annual accounts · Belgium 5.4%
Per financial year20182019202020212022202320242025
Median solvency --36.9%38.5%38.6%38.8%38.2%38.5%
Median net result --€8,224€12,315€11,056€10,179€9,470€9,260
Filed late 46.6%53.6%50.7%51.2%50.1%49.9%49.0%-

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

Bankruptcies per year in division 49

Per year201520162017201820192020202120222023202420252026
Bankruptcies242228283265311226272360398456551420
Jobs lost6586617066667536488881,0461,4831,4341,9251,484

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 49

2,214 employers
Median
€61,500
Belgium €61,400
Middle half
€51,200 to €71,300
half of the employers lie between
Place among sectors
55 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €61,700 €49,200 to €73,700 917
10 to 49 FTE €61,000 €51,300 to €69,900 1,013
50 to 249 FTE €63,000 €56,900 to €71,000 256
250 FTE or more €71,600 €62,300 to €79,200 28

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 49
Number
915
Half have run longer than
18 months
Belgium: 20 months
Longer than three years
30%
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

70 of the 15,655 companies in NACE division 49 have a parent company abroad. Main parent countries: Netherlands (35), Luxembourg (15) and France (7). Together they employ 6,526 of the division's 92,775 FTE: 7.0%, against 14% for Belgium as a whole.

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €100.7m awarded 3,148 recipients · 2022 to 2025 · largest: Ecologiepremie+
  • Federal transfers 6.49bn amount as published 8 recipients · 2023 to 2025 · largest: Deelname van de Staat in het kapitaal van de NMBS met oog op de financiering van de investeringen ten gunste van NMBS
  • Wallonia-Brussels Federation €70,602 paid 2 recipients · 2024 to 2025 · largest: Unnamed in the register
  • EU budget €95.5m attributed share 15 recipients · 2021 to 2025 · largest: Connecting Europe Facility, Transport
  • EU research €8.7m EU contribution 13 recipients · 2008 to 2026 · largest: Seventh Framework Programme

Explore every recipient in this sector

Insights on Land transport and transport via pipelines

Inflow and structure. This activity holds 0.1% of the registrations of Land transport.

Staff and filing. The 3 largest employers hold 414 of the 414 FTE: 100.0%.

The comparison with Belgium as a whole and with the other divisions is as of 07-11-2026 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 49110 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 1,276,547 companies with a main activity, because only those belong to a division. The other 699,272 registrations publish no activity.

For NACE 49110, 12 annual accounts of financial year 2025 were filed. That is too few for a median, which needs at least 30.

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