This essay is the third and final part of a series of contributions on the economic situation of Jewish immigrants from Eastern Europe who had settled in Belgium during the inter-war period as craftsmen, salespersons or small business owners (see SGO #22 and #23, both published in 2018, for part I and II). The research is based on the extensive files of the ‘Gruppe XII’ of the German military administration in Brussels which was responsible for the so-called ‘Judenvermögen’ (‘Jewish assets’). In the spring of 1942 the German occupation authorities in Belgium started the so-called ‘Aryanisation’ by liquidating the vast majority of small Jewish businesses. This affected about a quarter of the Jewish population in Belgium. Shortly thereafter deportations of Jews from Belgium to Auschwitz began. Today we know that the annihilation of Jewish businesses marked the beginning of the Shoah in Belgium. Quotations from a wide array of begging letters to the military administration show the reactions of the Jewish owners to the destruction of their livelihoods, which alternative forms of income they had and which alternative strategies they employed to save themselves and the lives of their families. The epilogue compiles a series of illustrative testimonies of Holocaust survivors from among the Jewish business owners.