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NACE 91
Current registrations 962
Starters, 12 months 373.8 per 100 · Belgium 8.9
Bankruptcies, 12 months 11.0 per 1,000 registrations · Belgium 6.2
Employment (FTE) 3,210127 employers · latest accounts
Median age 18.8 yearsBelgium 8.1 years
E-invoicing via Peppol 74.8%720 of 962 companies in the Peppol Directory · Belgium 85.0%

Activities

NACE division 91 · 7 activities

Filed accounts

NACE division 91 · financial year 2025 · 318 filed annual accounts
Median solvency
53.5%
Belgium 46.1%
Median net result
€11,254
Belgium €16,497
Median equity
€479,301
Belgium €98,338
Loss-making
35.8%
Belgium 26.7%
Negative equity
11.1%
Belgium 12.4%
Median return on equity
2.8%
Belgium 15.9%
Median liquidity
2.43
Belgium 1.66
Filed late
29.1%
financial year 2024, 230 filings · Belgium 38.4%
Missing or 90 days late
6.9%
of 350 companies with annual accounts · Belgium 5.4%
Per financial year20182019202020212022202320242025
Median solvency --52.2%54.6%52.6%51.3%53.5%53.2%
Median net result --€6,695€7,042€5,028€9,529€14,985€17,081
Filed late 32.4%46.3%35.4%34.6%27.1%32.6%29.1%-

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

Staff cost per FTE in NACE division 91

115 employers
Median
€67,500
Belgium €61,400
Middle half
€56,500 to €79,100
half of the employers lie between
Place among sectors
35 of 78
sectors with a median staff cost per FTE, highest first
By size class
SizeMedianMiddle halfEmployers
fewer than 10 FTE €67,900 €58,800 to €83,500 41
10 to 49 FTE €64,300 €51,600 to €75,300 65

Bankruptcies

Bankruptcies, 5 years, still registered
5
0.52% of the registrations · Belgium 1.68%

Bankruptcies per year in division 91

Per year20162018201920202022202320242025
Bankruptcies31211721
Jobs lost51211744

2025 through May. Every bankruptcy, also of companies that have since left the register. Source: Statbel (Directorate-General Statistics), NACE classification of 2008.

Recent bankruptcies

Date Company
03-06-2026 VOSDELLEN
BE 0838.589.249
03-06-2025 Sim Local (Belgium)
BE 0768.506.353
21-05-2025 ATELIER 34 ZERO MUZEUM
BE 0561.774.015
28-12-2022 IMMOBILIERE DU VAL-SAINT-LAMBERT
BE 0447.414.973
28-12-2022 Cristal Discovery
BE 0676.842.838

Every bankruptcy in division 91, last 90 days

Spread across the country

by region and province · 815 of 962 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 339 · 41.6%
  • Wallonia 324 · 39.8%
  • Brussels 142 · 17.4%
  • Abroad 10 · 1.2%
fewer moremax 142

Largest employers

NACE division 91 · staff from the latest accounts
  1. 1 Koninklijke Maatschappij voor Dierkunde van AntwerpenAntwerp 382 FTEfinancial year 2025
  2. 2 NATUUR EN LANDSCHAPSZORG , MAATWERKBEDRIJFMechelen 287 FTEfinancial year 2025
  3. 3 Koninklijk Museum voor Schone Kunsten AntwerpenAntwerp 122 FTEfinancial year 2025
  4. 4 Abbaye-De-MaredsousAnhée 111 FTEfinancial year 2025
  5. 5 MUSEUM VAN HEDENDAAGSE KUNST ANTWERPENAntwerp 86.0 FTEfinancial year 2025

Joint committees

from the latest accounts of 130 companies
  • 329.01 Socio-cultural sector 38
  • 200 Auxiliary committee for white-collar workers 21
  • 329 Socio-cultural sector 17
  • 329.02 Socio-cultural sector 17
  • 302 Hotels and catering 14
  • 333 Tourist attractions 14
  • 100 Auxiliary committee for blue-collar workers 7
  • 337 Auxiliary committee for the non-profit sector 5
Show the 12 others
  • 201 Independent retail 3
  • 329.03 Socio-cultural sector 3
  • 118 Food industry 2
  • 226 White-collar workers in international trade, transport and logistics 2
  • 102.01 Quarries 1
  • 113 Ceramics industry 1
  • 124 Construction 1
  • 140.03 Road transport and logistics for third parties 1
  • 144 Agriculture 1
  • 145 Horticulture 1
  • 146 Forestry 1
  • 149.01 Electricians: installation and distribution 1

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

1 of the 661 companies in NACE division 91 have a parent company abroad. Main parent countries: Ireland (1). Together they employ 29 of the division's 3,210 FTE: 0.9%, against 14% for Belgium as a whole.

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €416.7m awarded 118 recipients · 2022 to 2025 · largest: Aankoopsubsidie met het oog op erkenning als natuurreservaat
  • Wallonia-Brussels Federation €87.0m paid 145 recipients · 2021 to 2025 · largest: Conventions et contrats programmes indexés dans le domaine des bibliothèques
  • Federal transfers 172.6m amount as published 19 recipients · 2023 to 2025 · largest: Dotatie aan de Koninklijke Musea voor Kunst en Geschiedenis. (KMKG)
  • EU budget €27.8m attributed share 18 recipients · 2021 to 2025 · largest: Programme for Environment and Climate Action
  • EU research €11.3m EU contribution 9 recipients · 2008 to 2026 · largest: Horizon Europe

Explore every recipient in this sector

Insights on Libraries, archives and museums

Balance sheet and result. Return on equity of 2.8% is below Belgium's 15.9%. Liquidity of 2.43 is above Belgium's 1.66. 35.8% of the annual accounts close with a loss, against 26.7% in Belgium.

Bankruptcies. The median bankruptcy probability of 0.0% is below Belgium's 0.2%. By size, the median bankruptcy probability is 0.1% at under 10 FTE and 0.0% at 10 to 49 FTE.

Inflow and structure. Half of the companies are younger than 18.8 years, against 8.1 years in Belgium. Wallonia holds 40.2% of the seats, against 22.7% in Belgium. 15.3% of the companies are sole traders, against 41.6% in Belgium.

Staff and filing. 29.1% of the financial year 2024 accounts were filed late, against 38.4% in Belgium. The 5 largest employers hold 988 of the 3,210 FTE: 30.8%.

Direction. The median net result rose from €6,695 in financial year 2020 to €17,081 in financial year 2025.

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 91 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.

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. 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.