September 2014 Newsletter

The goal is to keep you abreast of recent legal and tax developments in the various areas where our firm has recognised expertise. 

Editorial

Dear reader

Chances are you have heard or read about it. Earlier this month, the statistics were published: fewer businesses went bankrupt in the first half of 2014.

Finally, after over five years of economic hardship, even well-run companies have gotten into trouble; tribunals are feeling the pressure of overseeing countless bankruptcy matters (both genuine and fraudulent ones), unemployment is high and fewer entrepreneurs are willing to risk starting a business.

The late payment of invoices is one of those things that can push a business over the edge. The situation, however, seems to be improving: only 1 in 3 invoices is now being paid late.

Companies of all sizes need to remain vigilant for themselves and with regard to their key business partners. Many difficulties can be resolved when addressed early. This is where we can help.

At the same time, the number of start-ups has increased nationally. There are marked regional differences: an increase in Flanders, no change in Brussels and a drop in Wallonia.

Supporting entrepreneurship at every stage should be an area of attention for our governments.

Have an enjoyable read!

Tom Heremans

Managing Partner

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