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Current registrations 986division 49: 23,153
Starters, 12 months 13013.2 per 100 · Belgium 8.9
Bankruptcies, 12 months 2121.3 per 1,000 registrations · Belgium 6.2
Employment (FTE) 1,37384 employers · latest accounts
Median age 6.2 yearsBelgium 8.1 years
E-invoicing via Peppol 82.9%817 of 986 companies in the Peppol Directory · Belgium 85.0%

Filed accounts

NACE 49420 · financial year 2025 · 399 filed annual accounts
Median solvency
35.7%
division 37.3% · Belgium 46.1%
Median net result
€10,235
division €10,062 · Belgium €16,520
Median equity
€71,362
division €68,533 · Belgium €98,421
Loss-making
31.2%
division 27.8% · Belgium 26.7%
Negative equity
15.6%
division 13.0% · Belgium 12.4%
Median return on equity
13.0%
division 13.5% · Belgium 15.9%
Median liquidity
1.20
division 1.30 · Belgium 1.66
Filed late
50.8%
financial year 2024, 417 filings · division 49.0% · Belgium 38.4%
Missing or 90 days late
10.6%
of 492 companies with annual accounts · division 9.4% · Belgium 5.4%
Per financial year202020212022202320242025
Median solvency 28.6%30.5%29.4%33.5%35.2%35.7%
Median net result €5,859€12,151€12,962€12,356€8,668€10,235

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

Bankruptcies

Bankruptcies, 5 years, still registered
59
5.98% of the registrations · Belgium 1.68%
Running bankruptcies
52
52.7 per 1,000 registrations

Recent bankruptcies

Date Company
30-10-2026 JD TRADING
BE 0647.639.801
08-10-2026 Chamzatov, Adlan
BE 0781.750.417 · sole trader · Hasselt
02-10-2026 Déménagement Social Europe
BE 1025.658.204
28-09-2026 Ducuroir, Ludwig
BE 0515.840.951 · sole trader · Overijse
25-09-2026 SERVICE GROUP
BE 0748.381.625
16-09-2026 MM LOGISTIC
BE 0452.477.482
10-07-2026 AD Moving
BE 0723.530.126
19-06-2026 STENAT-MOVES
BE 0899.641.841

Every bankruptcy in division 49, last 90 days

Spread across the country

by region and province · 610 of 986 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 354 · 58.0%
  • Brussels 143 · 23.4%
  • Wallonia 103 · 16.9%
  • Abroad 10 · 1.6%
fewer moremax 143

Largest employers

NACE 49420 as first main activity · staff from the latest accounts
  1. 1 TransmooveVilvoorde 80.8 FTEfinancial year 2025
  2. 2 TRANSPORTS SCHMIT - ROUFOSSE - DESTRIJKERWatermael-Boitsfort 76.0 FTEfinancial year 2025
  3. 3 EASY INSTALLIxelles 60.9 FTEfinancial year 2025
  4. 4 MM INTERNATIONALHerstal 48.9 FTEfinancial year 2025
  5. 5 Ghl LogisticsOstend 48.3 FTEfinancial year 2025

Joint committees

from the latest accounts of 141 companies
  • 226 White-collar workers in international trade, transport and logistics 75
  • 140.05 Removals 73
  • 140 Transport and logistics 34
  • 140.03 Road transport and logistics for third parties 16
  • 200 Auxiliary committee for white-collar workers 13
  • 100 Auxiliary committee for blue-collar workers 5
  • 121 Cleaning 5
  • 201 Independent retail 4
Show the 11 others
  • 124 Construction 3
  • 209 White-collar workers in metal manufacturing 2
  • 111 Metal, mechanical and electrical engineering 1
  • 112 Garages 1
  • 126 Furnishing and woodworking 1
  • 140.02 Taxis 1
  • 140.04 Airport ground handling 1
  • 149.01 Electricians: installation and distribution 1
  • 301.05 Ports 1
  • 302 Hotels and catering 1
  • 328 Urban and regional transport 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
Freight transport by road49410 12,334 989 308 52,102

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 Removal services

Balance sheet and result. The median net result of €10,235 is below Belgium's €16,520. Liquidity of 1.20 is below Belgium's 1.66. 15.6% of the annual accounts show negative equity, against 12.4% in Belgium.

Bankruptcies. The median bankruptcy probability of 1.7% is above Belgium's 0.2%. In 12 months, 21.3 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is more than in 99% of the 88 NACE divisions.

Inflow and structure. Brussels holds 23.8% of the seats, against 12.5% in Belgium. In 12 months, 13.2 of 100 companies started, against 8.9 in Belgium. That is more than in 91% of the 87 NACE divisions. Half of the companies are younger than 6.2 years, against 8.1 years in Belgium.

Staff and filing. 50.8% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 315 of the 1,373 FTE: 22.9%.

Direction. Median solvency rose from 28.6% in financial year 2020 to 35.7% in financial year 2025. The median net result rose from €5,859 in financial year 2020 to €10,235 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 49420 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.