Retail trade

NACE 47722

Current registrations411

Bankruptcies (5y)7

Historical share1.70%

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 67% 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 · 227 of 411 enterprises with a registered office on file

Flanders 114 · 50.2%

Wallonia 59 · 26.0%

Brussels 52 · 22.9%

Unknown 2 · 0.9%

Recent bankruptcies in this sector

Date	Company
09-04-2026	KARWAN BE 0423.054.018
18-11-2025	Luciani & Figlie BE 0768.942.853
24-09-2025	FIRST STAR COMPANY BE 1012.158.079
06-06-2025	LDW BELGIQUE BE 0891.881.346
08-01-2025	EMMANUELLE BE 0414.534.646
06-11-2024	GILANCE BE 0402.622.848
25-03-2024	FRAMACO BE 0421.974.249

Geographic distribution

by province · based on the establishment address

West Flanders WVL 29

East Flanders OVL 21

Antwerp ANT 30

Flemish Brabant VLB 18

Limburg LIM 16

Brussels BRU 52

Hainaut HAI 22

Walloon Brabant WBR 10

Namur NAM 5

Liège LIE 18

Luxembourg LUX 4

fewer moremax 52

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 47722 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 47722 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.