A new bill is currently being prepared to reduce the statutory payment terms of large companies to SMEs from 60 days to 30 days. This is in response to an earlier survey conducted by SME companies. This study revealed that large companies are increasingly late in paying SMEs.
In March 2022 (reference date 8-4-2022), a total of 185* bankruptcies were declared. That's 20 more than the number of bankruptcies last month, February 2022 (165). In March 2021, the number was slightly higher. Then 193 companies went bankrupt.
Since February 1, 2022, Belgian legislation has changed the payment terms between companies. Payment terms longer than 60 days have been annulled by law since February 1. The new standard payment term is 30 days with a maximum of 60 days if contractually agreed.
A total of 156 bankruptcies were declared in February 2022. That is 28 more than the number of bankruptcies last month, January 2022 (128), 27 more than in the same period in 2021 (129). Thus, a small increase can be observed and makes up for the number of missed bankruptcies since the introduction of state aid.
Since Russia invaded Ukraine, it has become clear how sensitive a supply chain is, but also how quickly access to key raw materials can be blocked.
Joris Peeters vertelt over het gebruik van xAI binnen Credit Management, wat ons gaat helpen bij de betrouwbaarheid van credit scoring en op de eerste plaats voldoet aan de wet-en regelgeving rondom ethiek en transparantie.
A total of 157* bankruptcies were declared in December 2021 (reference date 6-1-2022). This is 46 fewer than the number of bankruptcies in the same period in 2020 (203) and 162 fewer than 2019 (319).
A total of 117* bankruptcies were declared in October 2021 (arrow date 18-10-2021). This is 69 fewer than the number of bankruptcies in the same period in 2020 (186) and 226 fewer than 2019 (342).
A total of 127* bankruptcies were declared in September 2021. This is 116 fewer than the number of bankruptcies in the same period in 2020 (243).
A customer is late in paying their invoice: a familiar problem that youโre sure to have encountered. In the best-case scenario, the problem can be resolved with a reminder. But the worst case is if they cannot pay you at all โ which of course has consequences for your business.
The role of CFO has changed drastically in last few months. Also prompted by the corona crisis, new digital practices are being introduced within the workplace. Let's take a look at how todays CFOs play a role in unlocking the full potential of unused data.
Automation ensures that professionals can focus on the more complex aspects of the profession. In this blog, we take you through the world of automation within finance departments.
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