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Water transport

Current registrations 67division 50: 1,246
Starters, 12 months 913.4 per 100 · Belgium 8.9
Employment (FTE) 587 employers · latest accounts
Median age 12.2 yearsBelgium 8.1 years
E-invoicing via Peppol 83.6%56 of 67 companies in the Peppol Directory · Belgium 85.0%

No bankruptcy in the past five years.

Filed accounts

NACE 50300 · financial year 2025 · 32 filed annual accounts
Median solvency
56.6%
division 42.7% · Belgium 46.1%
Median net result
€36,223
division €21,145 · Belgium €16,516
Median equity
€372,789
division €351,427 · Belgium €98,395
Loss-making
28.1%
division 31.7% · Belgium 26.7%
Negative equity
15.6%
division 14.7% · Belgium 12.4%
Median liquidity
1.84
division 1.71 · Belgium 1.66
Filed late
43.8%
financial year 2024, 32 filings · division 40.8% · Belgium 38.4%
Missing or 90 days late
5.9%
of 34 companies with annual accounts · division 7.0% · Belgium 5.4%
Per financial year2022202320242025
Median solvency 61.3%53.5%54.8%56.6%
Median net result €45,378€55,155€20,299€36,223

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

Spread across the country

by region and province · 51 of 67 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 35 · 68.6%
  • Wallonia 7 · 13.7%
  • Brussels 2 · 3.9%
  • Abroad 7 · 13.7%
fewer moremax 16

Largest employers

NACE 50300 as first main activity · staff from the latest accounts
  1. 1 GENT-WATERTOERISTGhent 12.6 FTEfinancial year 2025
  2. 2 Bootexcursies GruuthuseBruges 11.5 FTEfinancial year 2025
  3. 3 STAELBruges 9.8 FTEfinancial year 2025
  4. 4 RONDVAARTEN DE MEULEMEESTERBruges 6.8 FTEfinancial year 2025
  5. 5 Venetie Van Het NoordenBruges 6.7 FTEfinancial year 2025

Joint committees

from the latest accounts of 18 companies
  • 139 Inland shipping 12
  • 226 White-collar workers in international trade, transport and logistics 5
  • 302 Hotels and catering 4
  • 100 Auxiliary committee for blue-collar workers 2
  • 200 Auxiliary committee for white-collar workers 2
  • 323 Building management, estate agents and domestic staff 1

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

Division 50: Water transport

Related activities

3 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Inland freight water transport50400 884 46 7 597
Water transport50200 215 15 1 574
Water transport50100 96 7 0 131

Bankruptcies per year in division 50

Per year201520162017201820192020202120222023202420252026
Bankruptcies1459643465565
Jobs lost3851464381276105

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 50

85 employers
Median
€95,900
Belgium €61,400
Middle half
€70,500 to €123,900
half of the employers lie between
Place among sectors
1 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €96,200 €70,500 to €113,900 57
10 to 49 FTE €90,200 €68,600 to €111,500 22

Foreign control in NACE division 50

532 registered companies

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €2.1m awarded 54 recipients · 2022 to 2025 · largest: Subsidies in het kader van leerling-, student- en instellinggebonden ondersteuning
  • Federal transfers 2.0m amount as published 1 recipient · 2024 · largest: Gecombineerd en verspreid vervoer(cf. art. 2.33.2 van de algemene uitgavenbegroting)
  • EU budget €728,456 attributed share 1 recipient · 2022 to 2024 · largest: Horizon Europe
  • EU research €765,500 EU contribution 2 recipients · 2018 to 2023 · largest: Horizon Europe

Explore every recipient in this sector

Insights on Water transport

Balance sheet and result. The median net result of €36,223 is above Belgium's €16,516. 15.6% of the annual accounts show negative equity, against 12.4% in Belgium. Solvency of 56.6% is above Belgium's 46.1%.

Bankruptcies. The median bankruptcy probability of 0.1% is below Belgium's 0.2%.

Inflow and structure. In 12 months, 13.4 of 100 companies started, against 8.9 in Belgium. That is more than in 92% of the 87 NACE divisions. Half of the companies are younger than 12.2 years, against 8.1 years in Belgium. 23.9% of the companies are sole traders, against 41.6% in Belgium.

Staff and filing. 43.8% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 47 of the 58 FTE: 82.0%.

Direction. Median solvency fell from 61.3% in financial year 2022 to 56.6% in financial year 2025. The median net result fell from €45,378 in financial year 2022 to €36,223 in financial year 2025.

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 50300 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.

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.