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Non-scheduled passenger transport by road

Current registrations 2,544division 49: 23,153
Starters, 12 months 2168.5 per 100 · Belgium 8.9
Bankruptcies, 12 months 2811.0 per 1,000 registrations · Belgium 6.2
Employment (FTE) 6,531171 employers · latest accounts
Median age 8.8 yearsBelgium 8.1 years
E-invoicing via Peppol 57.2%1,454 of 2,543 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 49320 · financial year 2025 · 729 filed annual accounts
Median solvency
39.5%
division 37.3% · Belgium 46.1%
Median net result
€6,866
division €10,062 · Belgium €16,520
Median equity
€59,016
division €68,533 · Belgium €98,421
Loss-making
30.9%
division 27.8% · Belgium 26.7%
Negative equity
13.5%
division 13.0% · Belgium 12.4%
Median return on equity
13.9%
division 13.5% · Belgium 15.9%
Median liquidity
1.27
division 1.30 · Belgium 1.66
Filed late
51.9%
financial year 2024, 747 filings · division 49.0% · Belgium 38.4%
Missing or 90 days late
10.2%
of 855 companies with annual accounts · division 9.4% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 34.3%40.1%40.5%42.1%40.7%39.5%
Median net result -€68€9,424€8,133€13,279€10,716€6,866

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

Bankruptcies

Bankruptcies, 5 years, still registered
60
2.36% of the registrations · Belgium 1.68%
Running bankruptcies
60
23.6 per 1,000 registrations

Recent bankruptcies

Date Company
19-10-2026 GOLDEN SERVICES
BE 0669.967.914
30-09-2026 M.C.L.D.
BE 0539.701.862
21-09-2026 El Majoudi, Zakaria
BE 0795.706.935 · sole trader · Sint-Niklaas
17-08-2026 TMI LOGISTIC
BE 0766.944.752
11-08-2026 VALIANT BRUSSELS COACHES
BE 1002.610.608
13-07-2026 AASHIANA
BE 0721.934.673
10-07-2026 Elmaz Group
BE 1004.898.224
24-06-2026 ABC AIRPORT SERVICE
BE 0781.958.471

Every bankruptcy in division 49, last 90 days

Spread across the country

by region and province · 1,944 of 2,544 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 643 · 33.1%
  • Brussels 351 · 18.1%
  • Wallonia 214 · 11.0%
  • Abroad 736 · 37.9%
fewer moremax 351

Largest employers

NACE 49320 as first main activity · staff from the latest accounts
  1. 1 LEONARD TRAVEL INTERNATIONALBlegny 336 FTEfinancial year 2025
  2. 2 Autobus KrugerLier 213 FTEfinancial year 2025
  3. 3 Les Voyages François LenoirMons 194 FTEfinancial year 2025
  4. 4 GINO - TOURSJabbeke 190 FTEfinancial year 2025
  5. 5 STAF CARSPelt 190 FTEfinancial year 2025

Joint committees

from the latest accounts of 259 companies
  • 200 Auxiliary committee for white-collar workers 132
  • 140.01 Buses and coaches 82
  • 140 Transport and logistics 73
  • 140.02 Taxis 50
  • 140.03 Road transport and logistics for third parties 25
  • 226 White-collar workers in international trade, transport and logistics 14
  • 302 Hotels and catering 7
  • 330 Health institutions and services 7
Show the 12 others
  • 100 Auxiliary committee for blue-collar workers 5
  • 112 Garages 5
  • 337 Auxiliary committee for the non-profit sector 4
  • 144 Agriculture 3
  • 201 Independent retail 3
  • 330.04 Health institutions and services 2
  • 109 Clothing and garment industry 1
  • 139 Inland shipping 1
  • 140.04 Airport ground handling 1
  • 318 Family and elderly care services 1
  • 320 Funeral directors 1
  • 322.01 Approved companies for local work and services 1

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

Division 49: Land transport

Related activities

3 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
On-demand passenger transport by chauffeured vehicle49330 6,598 1,152 63 2,379
Scheduled passenger transport by road49310 940 129 14 27,585
Land transport and transport via pipelines49390 224 115 0 -

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 €49,100 to €73,600 918
10 to 49 FTE €61,000 €51,300 to €69,900 1,012
50 to 249 FTE €63,000 €56,900 to €71,000 256
250 FTE or more €71,600 €62,300 to €79,200 28

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 15,645 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 92,768 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 Non-scheduled passenger transport by road

Balance sheet and result. The median net result of €6,866 is below Belgium's €16,520. Liquidity of 1.27 is below Belgium's 1.66. 30.9% of the annual accounts close with a loss, against 26.7% in Belgium.

Bankruptcies. The median bankruptcy probability of 1.4% is above Belgium's 0.2%. In 12 months, 11.0 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 91% of the 88 NACE divisions.

Inflow and structure. Brussels holds 29.1% of the seats, against 12.5% in Belgium. 23.6% of the companies are sole traders, against 41.6% in Belgium. This activity holds 11.0% of the registrations of Land transport.

Staff and filing. 51.9% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 1,122 of the 6,531 FTE: 17.2%.

Direction. Median solvency rose from 34.3% in financial year 2020 to 39.5% in financial year 2025. The median net result rose from -€68 in financial year 2020 to €6,866 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 49320 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.