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Financial service activities, except insurance and pension funding

NACE 64923 · division 64 Financial services
Current registrations 28division 64: 26,070
Starters, 12 months 13.6 per 100 · Belgium 8.9
Employment (FTE) 2684 employers · latest accounts

No bankruptcy in the past five years.

Spread across the country

by region and province · 26 of 28 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 13 · 50.0%
  • Brussels 7 · 26.9%
  • Wallonia 4 · 15.4%
  • Abroad 2 · 7.7%
fewer moremax 7

The balance sheets of division 64 on the map, by municipality and down to the address

Largest employers

NACE 64923 as first main activity · staff from the latest accounts
  1. 1 BNP Paribas Fortis FactorBrussels 195 FTEfinancial year 2025
  2. 2 BELFIUS COMMERCIAL FINANCESaint-Josse-ten-Noode 68.6 FTEfinancial year 2025
  3. 3 A.B.A.-FACTORINGGhent 3.0 FTEfinancial year 2025
  4. 4 AM ConsiliumOupeye 1.7 FTEfinancial year 2025

Companies

28 with this main activity

Joint committees

from the latest accounts of 5 companies
  • 200 Auxiliary committee for white-collar workers 4
  • 201 Independent retail 1
  • 310 Banks 1

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

Division 64: Financial services

Related activities

7 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Other financial services64999 793 49 2 7,962
Financial service activities, except insurance and pension funding64910 181 1 0 1,318
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 53 2 0 107
Financial service activities, except insurance and pension funding64991 30 0 0 -
Show all 7 activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Financial service activities, except insurance and pension funding64924 2 1 0 -

Filed accounts of the division

NACE division 64 · financial year 2025 · 20,602 filed annual accounts
Median solvency
52.6%
Belgium 46.1%
Median net result
€42,436
Belgium €16,497
Median equity
€328,996
Belgium €98,338
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, 18,883 filings · Belgium 38.4%
Missing or 90 days late
3.0%
of 21,577 companies with annual accounts · Belgium 5.4%
Per financial year20182019202020212022202320242025
Median solvency --50.7%51.6%51.7%52.9%54.3%52.3%
Median net result --€30,593€36,600€37,776€40,088€39,253€40,954
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

Bankruptcies per year in division 64

Per year201520162017201820192020202120222023202420252026
Bankruptcies3524161510111018981516
Jobs lost8819818161216125913101520

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 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
SizeMedianMiddle halfEmployers
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

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 108,621 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 9 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

209 of the 24,568 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 30,646 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 2,556 recipients · 2022 to 2025 · largest: Subsidies/ondersteuning voor personeels- en werkingskosten aan woonmaatschappijen voor de doorverhuringsactiviteit
  • 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
  • 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)
  • 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 service activities, except insurance and pension funding

Inflow and structure. This activity holds 0.1% of the registrations of Financial services.

Staff and filing. The 4 largest employers hold 268 of the 268 FTE: 100.0%.

The comparison with Belgium as a whole and with the other divisions is as of 09-11-2026 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 64923 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 1,276,461 companies with a main activity, because only those belong to a division. The other 699,442 registrations publish no activity.

For NACE 64923, 18 annual accounts of financial year 2025 were filed. That is too few for a median, which needs at least 30.

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