07 Oct Monitoring bankruptcies in the Belgisch Staatsblad
2020, a routine year. If we can agree on something, then it is that, up to now, 2020 has not been an normal year. Experts have shared their opinions and predictions. They have analyzed the economy and sectors and they have informed the involved parties. But estimating the consequences is not an exact science. Who goes bankrupt and who survives? Stay informed and monitor companies.
Is a storm of bankruptcies coming our way?
Corona brought Belgium in complete lockdown during the months of March and April. Companies had to close and employees were required, if possible, to work from home or were placed on technical unemployment. The economy was almost completely shut down to stop the virus from spreading. Companies suffered losses and employees lost a part of their fixed income. It is therefore logical that this affects the chances of survival of a company. Analysts predict an increase of 8% of bankruptcies this year. (Source: Euler Hermes)
Where can you find information about bankruptcies?
As is generally known, bankruptcies are filed and published in the Belgisch Staatsblad/Moniteur Belge, after the closing judgment is pronounced by the judge. It takes some time to publish a verdict. To make sure you get the most current information, the courts are contacted daily to get an overview of the judgments on that day.
If the verdict had not yet been pronounced, but there is an indication that something is wrong, it will be visible on the company file. This information can be found under the header ‘incidents’.
Stay informed of bankruptcies
When searching specific information, it often stands out that the Belgisch Staatsblad is difficult to read. It takes some time to find what you are looking for, depending on the number of pages that were filed.
Would you like to stay informed of the changes in the statutes of certain partners or business relations? This can be done quickly and easily by placing companies under monitoring with Trends Business Information. As soon as something changes with the companies under monitoring, you will receive a notification.
The changes are entered in the database as quickly and correctly as possible and clearly displayed on the company files. This ensures an up-to-date overview and it saves time.More information about monitoring