Financial service activities, except insurance and pension funding

NACE 64

Current registrations 26,063

Starters, 12 months 7582.9 per 100 · Belgium 8.8

Bankruptcies, 12 months 722.8 per 1,000 registrations · Belgium 6.2

Employment (FTE) 30,6772,072 employers · latest accounts

Median age 9.3 yearsBelgium 8.1 years

205 companies file their annual accounts outside the standard format, for example in a sector format. Their figures and staff are missing from the employment, the medians and the largest employers.

Show the 205 companies

Activities

NACE division 64 · 14 activities

Activity	Registrations	Starters, 12 months	Bankruptcies, 12 months	FTE
Activities of holding companies64210	24,451	685	70	17,712
Other financial services64999	791	48	2	7,962
Financial service activities, except insurance and pension funding64190	227	3	0	1,342
Financial service activities, except insurance and pension funding64910	181	1	0	1,349
Financial service activities, except insurance and pension funding64310	148	7	0	21
Financial service activities, except insurance and pension funding64922	91	3	0	730
Financial service activities, except insurance and pension funding64921	59	1	0	1,151
Financial service activities, except insurance and pension funding64929	52	1	0	107
Financial service activities, except insurance and pension funding64110	40	1	0	33
Financial service activities, except insurance and pension funding64991	30	0	0	-
Financial service activities, except insurance and pension funding64923	28	1	0	268
Financial service activities, except insurance and pension funding64220	9	2	0	-

Show all 14 activities

Activity	Registrations	Starters, 12 months	Bankruptcies, 12 months	FTE
Financial service activities, except insurance and pension funding64320	6	5	0	-
Financial service activities, except insurance and pension funding64924	2	1	0	-

Filed accounts

NACE division 64 · financial year 2025 · 20,572 filed annual accounts

Median solvency

52.6%

Belgium 46.1%

Median net result

€42,564

Belgium €16,539

Median equity

€328,915

Belgium €98,485

Loss-making

20.3%

Belgium 26.7%

Negative equity

6.0%

Belgium 12.4%

Median return on equity

13.7%

Belgium 15.9%

Median liquidity

1.33

Belgium 1.66

Filed late

28.2%

financial year 2024, 18,886 filings · Belgium 38.4%

Per financial year	2018	2019	2020	2021	2022	2023	2024	2025
Median solvency	-	-	50.7%	51.6%	51.7%	52.9%	54.3%	52.3%
Median net result	-	-	€30,611	€36,609	€37,777	€40,089	€39,259	€41,010
Filed late	30.1%	35.7%	33.0%	32.0%	29.7%	29.0%	28.2%	-

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

Staff cost per FTE in NACE division 64

1,865 employers

Median

€81,200

Belgium €61,400

Middle half

€62,300 to €104,600

half of the employers lie between

Place among sectors

11 of 78

sectors with a median staff cost per FTE, highest first

By size class
Size	Median	Middle half	Employers
fewer than 10 FTE	€77,800	€59,300 to €99,700	1,488
10 to 49 FTE	€93,300	€75,500 to €119,600	293
50 to 249 FTE	€98,300	€79,800 to €133,700	73

Employers with the highest staff cost per FTE in this division All sectors by staff cost In the Analysis workbench

Bankruptcies

Bankruptcies, 5 years, still registered

207

0.79% of the registrations · Belgium 1.68%

Bankruptcies per year in division 64

Per year	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Bankruptcies	35	24	16	15	10	11	10	18	9	8	15	16
Jobs lost	88	198	18	16	12	16	12	59	13	10	15	20

2026 through September. Every bankruptcy, also of companies that have since left the register. Source: Statbel (Directorate-General Statistics), NACE classification of 2008.

Recent bankruptcies

Date	Company
28-10-2026	JANSEN LABS BE 0795.288.053
26-10-2026	Overwatch Group BE 0781.897.994
20-10-2026	LEDAF SERVICES & CONSULTING BE 0877.221.874
01-10-2026	FOX POWER BE 0670.583.863
30-09-2026	S.A.M.C.INVEST BE 0445.207.333
25-09-2026	HUY INVEST BE 0728.816.428
24-09-2026	Groep AM BE 0776.775.901
23-09-2026	EPD Holding BE 0719.336.657

Every bankruptcy in division 64, last 90 days

Running bankruptcies in the sector

NACE division 64

Number

224

Half have run longer than

21 months

Belgium: 20 months

Longer than three years

32%

Belgium: 31%

Measured 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.

Outcome by court and division

Spread across the country

by region and province · 25,770 of 26,063 enterprises with a registered office on file · a sole trader has no published seat

Flanders 21,243 · 82.4%
Wallonia 2,790 · 10.8%
Brussels 1,560 · 6.1%
Abroad 177 · 0.7%

West Flanders WVL 5,444

East Flanders OVL 4,444

Antwerp ANT 6,000

Flemish Brabant VLB 2,115

Limburg LIM 3,240

Brussels BRU 1,560

Hainaut HAI 723

Walloon Brabant WBR 520

Namur NAM 351

Liège LIE 995

Luxembourg LUX 201

fewer moremax 6,000

This sector's balance sheets on the map, by municipality and down to the address

Largest employers

NACE division 64 · staff from the latest accounts

1 KBC Global ServicesMolenbeek-Saint-Jean 5,737 FTEfinancial year 2025
2 HOME CLEAN SERVICESNamur 1,463 FTEfinancial year 2025
3 EMEIS VLAANDERENUccle 1,152 FTEfinancial year 2025
4 KBC GroepMolenbeek-Saint-Jean 634 FTEfinancial year 2025
5 Veolia Environmental Services BeluxSint-Gillis (bij-Brussel) 627 FTEfinancial year 2025

Joint committees

from the latest accounts of 3,083 companies

200 Auxiliary committee for white-collar workers 2,365
100 Auxiliary committee for blue-collar workers 459
302 Hotels and catering 77
323 Building management, estate agents and domestic staff 76
201 Independent retail 71
341 Intermediation in banking and investment services 67
313 Pharmacies and pricing offices 56
124 Construction 47

Show the 12 others

226 White-collar workers in international trade, transport and logistics 45
307 Insurance brokers and agencies 38
209 White-collar workers in metal manufacturing 34
207 White-collar workers in the chemical industry 28
112 Garages 24
220 White-collar workers in the food industry 21
119 Food trade 17
111 Metal, mechanical and electrical engineering 15
216 Notaries' employees 14
336 Liberal professions 14
121 Cleaning 12
214 White-collar workers in the textile industry 12

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

209 of the 24,569 companies in NACE division 64 have a parent company abroad. Main parent countries: France (63), Netherlands (44) and Luxembourg (30). Together they employ 4,238 of the division's 30,677 FTE: 14%, against 14% for Belgium as a whole.

Subsidies in this sector

per register · legal entities with an enterprise number

Flemish subsidies €177.1m awarded 2,557 recipients · 2022 to 2025 · largest: Subsidies/ondersteuning voor personeels- en werkingskosten aan woonmaatschappijen voor de doorverhuringsactiviteit
Federal transfers 96.0m amount as published 15 recipients · 2023 to 2025 · largest: Subsidies aan het kapitaal van de Belgische Investeringsmaatschappij voor Ontwikkelingslanden (BIO) (nieuwe basisallocatie)
Wallonia-Brussels Federation €649,932 paid 1 recipient · 2023 to 2025 · largest: Subvention au fonds d'investissement Start destinée à couvrir ses frais de fonctionnement
EU budget €544.9m attributed share 23 recipients · 2021 to 2025 · largest: Rents and purchases
EU research €23.2m EU contribution 32 recipients · 2008 to 2027 · largest: Horizon 2020

Explore every recipient in this sector

Insights on Financial services

Balance sheet and result. The median net result of €42,564 is above Belgium's €16,539. 6.0% of the annual accounts show negative equity, against 12.4% in Belgium. 20.3% of the annual accounts close with a loss, against 26.7% in Belgium.

Bankruptcies. In 12 months, 2.8 of 1,000 companies went bankrupt, against 6.2 in Belgium. That is fewer than in 69% of the 87 other NACE divisions. The median bankruptcy probability of 0.2% is below Belgium's 0.2%.

Inflow and structure. 1.1% of the companies are sole traders, against 41.6% in Belgium. In 12 months, 2.9 of 100 companies started, against 8.8 in Belgium. That is fewer than in 88% of the 86 other NACE divisions. Flanders holds 83.0% of the seats, against 64.7% in Belgium.

Staff and filing. The median staff cost per FTE of €81,187 is above Belgium's €61,416. 28.2% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 9,612 of the 30,677 FTE: 31.3%.

Direction. Median solvency rose from 50.7% in financial year 2020 to 52.3% in financial year 2025. The median net result rose from €30,611 in financial year 2020 to €41,010 in financial year 2025. In 2023, Statbel counted 9 bankruptcies and 13 jobs lost, against 15 bankruptcies in 2018.

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 64 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.