general/economy

There comes a point when, as a business owner, you know you 'have to' do something with insuring credit. At least if you sell to other businesses and deliver on credit. You just want to make sure that late payments (or worse, non-payments) affect the health of your business. Because that's something to lie awake at night worrying about. After all, you just have to pay your suppliers too. And so much more...

In spring 2020, there was some uproar in corporate Netherlands due to the bill to lift the so-called pledge ban. As early as 2016, the Dutch Banking Association advocated for this change in the law. It did so together with FAAN, the association of which the larger Dutch factoring companies are members. In late 2019, the government finally put the topic on the agenda, followed by a bill in 2020. Only this proposal remained with the Lower House as the world came to a standstill due to the Covid-19 pandemic. Recently, there has been movement on the subject again. On 28 November last year, it was last discussed in the House of Representatives, after which it is planned to have a general debate on it. As far as we can tell now, it is scheduled for May 2023.

Enjoying the good things in life is easier in quality and comfortable clothes. This immediately explains the name of the Dstrezzed brand: a brand built on the belief that life is an adventure we should all make the most of. Bold, rebellious and authentic. Eric Aarden is the CEO of Dstrezzed, he is an entrepreneur who lives the brand value. A tad rebellious, against the grain, close to himself and definitely authentic. "I want to establish an iconic brand, a brand that will be around forever."

After years of growth, there was talk of a downturn before corona broke out. When COVID-19 broke out, everyone expected the worst, but the economy remained intact due to government support measures. In fact, the number of bankruptcies was at its lowest level ever. Even now, the number of bankruptcies is still low, although the figures have been increasing since the end of 2022 and there seems to be an acceleration in 2023.

A good partnership is all about trust. And about good services and service at the right prices, of course. But above all it is about trust. If you engage a broker, you want to be sure that no deals are being done behind your back. To put it bluntly. And we understand that like no other. As entrepreneurs, we too are always looking for parties we can trust. Who are transparent, who let us do business freely. That is precisely why we want to be very transparent about our working methods. And we cannot emphasise that enough.

Corona turned our lives upside down in 2020. Something happened that we had never experienced before. But we showed that we can adapt quickly. In early 2022, it seemed we were heading in the right direction again. However the war in Ukraine threw us back into a new crisis.

The liquidity position of companies is largely determined by the payment period of its debtors. In the Netherlands, the standard payment term in most industries is 30 days. We see that large companies, with a lot of purchasing power, make agreements that go far beyond that. They agree contractually on 60 and in some cases even 90 days. As SMEs, on average, have fewer reserves, this can have quite an impact on their cash position.

After two-and-a-half years of uncertainty due to the corona pandemic, for the first time, it looks like we will have a more or less normal Christmas again. Lockdowns are no longer expected. Reason for optimism you would think. But no, consumer confidence is now at an all-time low for two months in a row.

Little is coming of Chinese plans to make the renminbi a major force in the currency world. However, the digital renminbi is well ahead of crypto currencies from other central banks.