The Dutch government has done a lot to help enterprises and corporates financially, even the ones who were financial weak before Covid. That is why we expect a lot of bankruptcies from mid 2021 when the help stops and the turnover is nil.
As a consultancy- and debtcollection agency we've noticed that there are more and more payment arrangements than a year before.
This is still a good sign, as the creditors are still willing and able to pay, even if it is in instalments. But: Stay in contact with your debtors and monitor your credit risk!
We advise and help our clients to monitor their credit risks with installments and debt collection.
If communications is stopped, we can help to restore it and, most important, try to collect the overdue before it is to late.