Sports, amusement and recreation activities

NACE 93125 · division 93 Sports and recreation

Current registrations 209division 93: 22,635

Starters, 12 months 94.3 per 100 · Belgium 8.9

Bankruptcies, 12 months 14.8 per 1,000 registrations · Belgium 6.2

Median age 5.8 yearsBelgium 8.1 years

E-invoicing via Peppol 63.2%132 of 209 companies in the Peppol Directory · Belgium 85.0%

Bankruptcies

Bankruptcies, 5 years, still registered

0.48% of the registrations · Belgium 1.68%

Running bankruptcies

4.8 per 1,000 registrations

Recent bankruptcies

Date	Company
19-02-2026	EDUCATION SPORT PROJECT BE 0550.370.179

Every bankruptcy in division 93, last 90 days

Spread across the country

by region and province · 189 of 209 enterprises with a registered office on file · a sole trader has no published seat

Flanders 115 · 60.8%
Wallonia 51 · 27.0%
Brussels 21 · 11.1%
Abroad 2 · 1.1%

West Flanders WVL 17

East Flanders OVL 28

Antwerp ANT 33

Flemish Brabant VLB 22

Limburg LIM 15

Brussels BRU 21

Hainaut HAI 22

Walloon Brabant WBR 11

Namur NAM 4

Liège LIE 9

Luxembourg LUX 5

fewer moremax 33

The balance sheets of division 93 on the map, by municipality and down to the address

Joint committees

from the latest accounts of 3 companies

329.01 Socio-cultural sector 2
200 Auxiliary committee for white-collar workers 1

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

Division 93: Sports and recreation

Related activities

13 other activities

Activity	Registrations	Starters, 12 months	Bankruptcies, 12 months	FTE
Other sports activities93199	3,835	369	8	1,216
Operation of sports facilities93110	3,249	93	11	4,785
Fitness centres93130	1,510	159	11	1,581
Activities of other sports clubs93129	1,407	71	1	152
Football clubs93121	1,387	24	4	2,273
Equestrian clubs93127	820	61	3	86

Show all 13 activities

Activity	Registrations	Starters, 12 months	Bankruptcies, 12 months	FTE
Activities of independent sportspeople93192	723	104	1	35
Sports, amusement and recreation activities93123	635	16	0	250
Sports, amusement and recreation activities93122	436	14	0	2
Sports, amusement and recreation activities93124	333	10	0	116
Sports, amusement and recreation activities93191	261	5	0	511
Sports, amusement and recreation activities93126	258	5	0	38
Sports, amusement and recreation activities93128	67	0	0	-

Filed accounts of the division

NACE division 93 · financial year 2025 · 5,150 filed annual accounts

Median solvency

29.0%

Belgium 46.1%

Median net result

€5,690

Belgium €16,520

Median equity

€59,953

Belgium €98,421

Loss-making

37.1%

Belgium 26.7%

Negative equity

23.8%

Belgium 12.4%

Median return on equity

11.8%

Belgium 15.9%

Median liquidity

1.10

Belgium 1.66

Filed late

42.4%

financial year 2024, 4,460 filings · Belgium 38.4%

Missing or 90 days late

7.4%

of 5,724 companies with annual accounts · Belgium 5.4%

Per financial year	2018	2019	2020	2021	2022	2023	2024	2025
Median solvency	-	-	25.8%	26.8%	26.9%	27.7%	28.8%	29.4%
Median net result	-	-	€1,049	€4,289	€5,685	€5,444	€5,617	€5,023
Filed late	47.0%	52.9%	50.7%	47.3%	45.3%	43.0%	42.4%	-

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

Bankruptcies per year in division 93

Per year	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026
Bankruptcies	93	69	93	87	118	99	74	106	113	107	87	78
Jobs lost	213	116	121	260	199	259	104	225	190	252	155	126

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 93

822 employers

Median

€51,900

Belgium €61,400

Middle half

€41,200 to €66,200

half of the employers lie between

Place among sectors

69 of 78

sectors with a median staff cost per FTE, highest first

By size class
Size	Median	Middle half	Employers
fewer than 10 FTE	€50,400	€38,700 to €63,600	488
10 to 49 FTE	€53,000	€44,200 to €67,100	286
50 to 249 FTE	€85,100	€51,500 to €213,100	44

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 93

Number

152

Half have run longer than

21 months

Belgium: 20 months

Longer than three years

31%

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

21 of the 13,992 companies in NACE division 93 have a parent company abroad. Main parent countries: France (7), Netherlands (5) and United Kingdom (2). Together they employ 1,945 of the division's 15,816 FTE: 12%, against 14% for Belgium as a whole.

Subsidies in this sector

per register · legal entities with an enterprise number

Flemish subsidies €347.8m awarded 1,353 recipients · 2022 to 2025 · largest: Subsidies voor sportfederaties en organisaties voor sportieve vrijetijdsbesteding
Federal transfers 7.2m amount as published 21 recipients · 2023 to 2025 · largest: Ondersteuning aan de bijdrage van de organisaties van de civiele maatschappij en institutionele actoren in de realisatie van de doelen van de gemeenschappelijke strategische kaders (cf. art. 2.14.6 en 2.14.10 van de wetsbepalingen)
Wallonia-Brussels Federation €116.3m paid 811 recipients · 2021 to 2025 · largest: Subventionnement des plans programmes des fédérations sportives reconnues et de la fédération handisport
EU budget €3.3m attributed share 24 recipients · 2021 to 2025 · largest: Erasmus+
EU research €930,675 EU contribution 5 recipients · 2015 to 2026 · largest: Horizon Europe

Explore every recipient in this sector

Insights on Sports, amusement and recreation activities

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

Inflow and structure. 9.6% of the companies are sole traders, against 41.6% in Belgium. In 12 months, 4.3 of 100 companies started, against 8.9 in Belgium. That is fewer than in 75% of the 87 NACE divisions. Half of the companies are younger than 5.8 years, against 8.1 years in Belgium.

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 93125 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.

For NACE 93125, 13 annual accounts of financial year 2025 were filed. That is too few for a median, which needs at least 30.