No return to pre-crisis levels before 2023
LOW RISK for entreprise
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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Economic risk
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Business environment risk
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Political risk
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Commercial risk
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Financing risk
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GDP | USD 530bn (World ranking 24, World Bank 2019) |
Population | 11.5mn (World ranking 80, World Bank 2019) |
Form of state | Constitutional parliamentary monarchy |
Head of government | Alexander De Croo (PM) |
Next elections | 2024, legislative |
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- Strong business environment
- Diversified export structure in terms of products
- High company profitability and equity ratios
- High-skilled workforce
- High share of foreign direct investments
- High level of innovation
![](/content/dam/onemarketing/ehndbx/eulerhermes_com/en_gl/erd/icon/minus.png)
- One of the highest tax burdens on the private sector in the EU
- Very high corporate debt
- High public debt
- High dependency on the Eurozone business cycle
- High external liabilities
Trade structure by destination/origin
(% of total)
Exports | Rank | Imports |
---|---|---|
Germany
15%
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1 |
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France
14%
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2 |
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Netherlands
13%
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3 |
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United Kingdom
10%
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4 |
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Italy
10%
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5 |
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Trade structure by product
(% of total)
Exports | Rank | Imports |
---|---|---|
Pharmaceuticals
11%
|
1 |
10%
Pharmaceuticals
|
Cars
8%
|
2 |
9%
Cars
|
Plastic Articles
7%
|
3 |
7%
Basic Organic Chemicals
|
Basic Organic Chemicals
7%
|
4 |
5%
Refined Petroleum Products
|
Refined Petroleum Products
5%
|
5 |
4%
Plastic Articles
|
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Low
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Medium
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Sensitive
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High
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Payments
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Court proceedings
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Insolvency proceedings
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Payments
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Court proceedings
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Insolvency proceedings
Court proceedings are reliable and benefit from EU standards, but enforcing domestic judgments remains time consuming and costly, so 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.
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