Sector · NACE 4648

Wholesale of watches and jewellery

403 Belgian companies whose main activity falls under NACE code 4648 have filed annual accounts. Their median solvency is 36.2% for financial year 2024.

Companies403
Median solvency36.2%
Median equity92,845 €
Median headcount (FTE)1.6
Founded in the last 3 years17

Sector medians

Computed by Idonis

Distribution across the sector's companies for financial year 2024: a quarter of companies sit below the 1st quartile, half below the median, three quarters below the 3rd quartile.

Indicator1st quartileMedian3rd quartileCompanies
Solvency 7.1%36.2%68.9% 363
Current ratio 1.011.573.19 351
ROE -1.7%6.0%17.6% 292
Equity 12,802 €92,845 €391,175 € 365
Total assets 127,023 €384,814 €€1.39m 364
Net result −7,677 €3,648 €29,253 € 364
Headcount (avg FTE) 1.01.63.8 131

Medians computed by Idonis from annual accounts filed with the National Bank, all sizes combined. The same panel is the sector benchmark on every company page. Method

Largest companies: Wholesale of watches and jewellery

Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.

#Company Total assetsRevenue EquityFTEYear
1 Arjav Diamonds 2018 Antwerp €229.2m €60.7m €165.0m 6.7 2025
2 Samir Gems 2018 Antwerp €157.2m €199.8m €128.7m 6.8 2025
3 Goudwisselkantoor BE 9000 Ghent €63.6m €90.5m €2.92m 114.0 2025
4 EMAL 9770 Kruisem €38.3m — €37.2m — 2025
5 Rolex Benelux 1050 Brussels €31.9m €112.0m €8.48m 31.5 2025
6 Windiam 2018 Antwerp €30.1m €106.0m €16.4m 17.3 2025
7 Shivani Gems 2018 Antwerp €28.8m €47.1m €14.9m 1.3 2024
8 Diacore Belgium 2018 Antwerp €27.8m €70.1m €19.7m 4.4 2025
9 Walking Tree EU 2018 Antwerp €23.0m — −€17.6m 2.5 2025
10 THE Swatch Group (Belgium) SA/NV 1070 Anderlecht €20.6m €33.1m €14.2m 60.5 2025
11 Beladamas 2018 Antwerp €18.0m €10.3m €2.03m 5.2 2024
12 Soradiam 2018 Antwerp €16.0m €10.6m €12.2m 1.0 2025
13 Diampex 2610 Antwerp €14.4m €11.0m €11.9m 0.6 2025
14 Pandora Jewellery Belgium 2000 Antwerp €13.8m €29.5m €3.43m 148.4 2025
15 River Mounts EU 2018 Antwerp €13.0m — 115,902 € 7.3 2025
16 Shapiro Gems 2018 Antwerp €12.6m €8.08m 831,253 € 2.0 2025
17 Intralcor 2018 Antwerp €11.7m — €11.6m 0.7 2025
18 Diamanti Per Tutti 2000 Antwerp €11.6m — €1.71m 4.6 2025
19 Brilliant Gems 2018 Antwerp €10.8m €4.46m €10.2m 3.0 2025
20 Horizon Diamonds 2018 Antwerp €10.4m €11.6m €7.97m 0.8 2025

“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.

Where are they based?

  • Antwerp208
  • Brussels-Capital44
  • East Flanders26
  • West Flanders24
  • Liège21
  • Limburg21
  • Walloon Brabant18
  • Flemish Brabant17
  • Namur12
  • Hainaut9
  • Luxembourg3

Municipalities with the most

Related sectors

← The whole Wholesale trade sector (NACE 46)

Frequently asked questions

How many Wholesale of watches and jewellery companies are there in Belgium?

403 Belgian companies whose main activity falls under NACE code 4648 (Wholesale of watches and jewellery) have filed annual accounts with the National Bank.

What is the median solvency in Wholesale of watches and jewellery?

For financial year 2024, median solvency (equity over total assets) is 36.2%. The middle half of companies lies between 7.1% and 68.9% (363 companies).

What is the largest company in Wholesale of watches and jewellery?

By total assets, it is Arjav Diamonds (€229.2m, financial year 2025).

Where are Wholesale of watches and jewellery companies based?

The municipalities with the most: Antwerp (156), Antwerp (15), Ixelles (10).

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Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 10 Oct 2026.