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Manufacture of leather and related products

Current registrations 59division 15: 335
Starters, 12 months 58.5 per 100 · Belgium 8.8
Bankruptcies, 12 months 116.9 per 1,000 registrations · Belgium 6.2
Employment (FTE) 828 employers · latest accounts
Median age 15.6 yearsBelgium 8.1 years

Bankruptcies

Bankruptcies, 5 years, still registered
2
3.39% of the registrations · Belgium 1.68%
Running bankruptcies
2
33.9 per 1,000 registrations

Recent bankruptcies

Date Company
03-04-2026 JPN RETAIL
BE 0561.910.508
02-05-2024 GG Concept
BE 0767.596.434

Every bankruptcy in division 15, last 90 days

Spread across the country

by region and province · 41 of 59 enterprises with a registered office on file · a sole trader has no published seat
  • Flanders 29 · 70.7%
  • Wallonia 9 · 22.0%
  • Brussels 3 · 7.3%
fewer moremax 8

Largest employers

NACE 15200 as first main activity · staff from the latest accounts
  1. 1 AFT InternationalRanst 30.7 FTEfinancial year 2025
  2. 2 BELGIAN SHOESIzegem 12.5 FTEfinancial year 2025
  3. 3 AMBIORIXTongeren-Borgloon 12.4 FTEfinancial year 2026
  4. 4 JPN RETAILBrussels 6.8 FTEfinancial year 2025
  5. 5 ATELIER CONTENTRonse 6.6 FTEfinancial year 2025

Companies

59 with this main activity

Division 15: Leather and related products

Related activities

2 other activities
Activity Registrations Starters, 12 months Bankruptcies, 12 months FTE
Manufacture of leather and related products15120 248 44 0 78
Manufacture of leather and related products15110 28 1 1 118

Filed accounts of the division

NACE division 15 · financial year 2025 · 69 filed annual accounts
Median solvency
42.2%
Belgium 46.1%
Median net result
€1,945
Belgium €16,539
Median equity
€93,676
Belgium €98,487
Loss-making
44.9%
Belgium 26.7%
Negative equity
26.1%
Belgium 12.4%
Median return on equity
4.5%
Belgium 15.9%
Median liquidity
1.74
Belgium 1.66
Per financial year202020212022202320242025
Median solvency 34.9%40.6%38.1%42.6%45.1%42.1%
Median net result €11,426-€257€9,196€1,268€1,843€1,168

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

Bankruptcies per year in division 15

Per year2016201920202021202220232024
Bankruptcies1211421
Jobs lost1211421

2024 through November. Every bankruptcy, also of companies that have since left the register. Source: Statbel (Directorate-General Statistics), NACE classification of 2008.

None of the 86 companies in NACE division 15 has a parent company abroad.

Subsidies in this sector

per register · legal entities with an enterprise number
  • Flemish subsidies €301,290 awarded 15 recipients · 2022 to 2025 · largest: Subsidies voor internationaal ondernemen
  • Wallonia-Brussels Federation €21,000 paid 1 recipient · 2023 to 2025 · largest: Unnamed in the register

Explore every recipient in this sector

Insights on Manufacture of leather and related products

Bankruptcies. The median bankruptcy probability of 0.5% is above Belgium's 0.2%.

Inflow and structure. Half of the companies are younger than 15.6 years, against 8.1 years in Belgium. 30.5% of the companies are sole traders, against 41.6% in Belgium. This activity holds 17.6% of the registrations of Leather and related products.

Staff and filing. The 5 largest employers hold 69 of the 82 FTE: 84.4%.

The comparison with Belgium as a whole and with the other divisions is as of 05-11-2026 02:05.

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 15200 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 1,275,944 companies with a main activity, because only those belong to a division. The other 699,201 registrations publish no activity.

For NACE 15200, 29 annual accounts of financial year 2025 were filed. That is too few for a median, which needs at least 30.