Retail trade

NACE 47511

Current registrations262

Bankruptcies (5y)10

Historical share3.82%

Nationally, 1.41% of current registrations have a published bankruptcy opening in the past five years. This sector's historical share is higher than that of 97% of the 88 NACE divisions. The median bankruptcy probability in NACE division 47 is 0.8%, against 0.5% nationally, over 57,468 scored companies. Comparison: as of 25-09-2026 05:30.

Key figures for NACE division 47

fiscal year 2025 · median over 32,985 filed annual accounts

Median solvency

35.5%

lower than 80% of 79 divisions

Median equity

€94k

lower than 61% of 79 divisions

Median net result

€11k

lower than 67% of 79 divisions

Annual accounts in sample

32,985

Regional split

by region · 153 of 262 enterprises with a registered office on file

Flanders 85 · 55.6%

Brussels 40 · 26.1%

Wallonia 28 · 18.3%

Recent bankruptcies in this sector

Date	Company
02-09-2026	5 M.G CORPORATE BE 0748.849.007
06-07-2026	G.A.B. LUXURY BE 0834.316.103
12-06-2026	Sole trader BE 0867.272.545 · Ninove
10-09-2025	KIARE BE 0726.809.320
03-06-2025	CARNAVALISSIMO BE 0689.619.718
06-03-2025	WE & CO BE 0754.667.423
06-03-2024	SVE Enterprise BE 0748.827.627
02-10-2023	A.M.G GROUP BE 0740.870.855

Geographic distribution

by province · based on the establishment address

West Flanders WVL 13

East Flanders OVL 23

Antwerp ANT 21

Flemish Brabant VLB 14

Limburg LIM 14

Brussels BRU 40

Hainaut HAI 5

Walloon Brabant WBR 12

Namur NAM 2

Liège LIE 8

Luxembourg LUX 1

fewer moremax 40

How these figures are counted

Current enterprise registrations are counted through their registered main activities; establishment units are excluded. Counted in the KBO's NACE 2025 nomenclature, the one in which code 47511 exists.

Share of currently registered companies with a published bankruptcy opening in the past five years. Registered main activities in the selected classification can overlap. This retrospective share is not a future bankruptcy probability.

The comparison with the country and with the other NACE divisions comes from a nightly overview of every division, each counted in the nomenclature in which it exists. A standing such as "higher than 80%" counts the other divisions that have the figure. The bankruptcy probability is the median of our nightly score over the division's companies that have one; the count is stated.

The key figures cover the whole NACE division 47, not NACE 47511 on its own: there are too few filed annual accounts per five-digit code to compute them separately. The middle company of the sector, based on all filed annual accounts.