Belgium collection profile

Belgium-bnr

 

Collecting in Belgium

  • Payment terms in Belgium are slightly higher than 35 days but DSO could be improved and transposition of EU rules on late payment in domestic law is not as demanding as in other EU countries.

  • Court proceedings are reliable and benefit from EU standards, but enforcing domestic judgments remains time consuming and costly, so that pre-legal action conducted by collection specialists remains the most efficient option when it comes to recovering debt.

  • Although domestic insolvency law aims at rescuing companies to increase the chances of recovering debts, it provides no limitations as to how much of the debt may be written off in restructuration negotiations. It is rare for unsecured creditors to recover from insolvent debtors in practice.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    Belgium

    Belgium

    Collection complexity

    notable-2

    Collection relating to

    Payments
    $-2
    Court
    proceedings
    Gav-1
    Insolvency
    proceedings
    Arrow-2

     

     

    Publication about Belgium

    › All publication about Belgium