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Belgium SMEs In Good Shape

Belgian businesses with up to 50 employees are in good shape as their economic and financial situation improved tremendously in 2018, reaching a 10-year high, a new report shows. The annual report on small and medium-sized enterprises (SMEs), produced by Graydon in collaboration with UNIZO and UCM business organisations reveals an optimistic trend. The level of indebtedness has gone down, while liquidity has increased, as have the profitability and levels of investment.

According to the report, the percentage of SMEs in trouble is decreasing, especially in Flanders and Wallonia. The report, published recently, also shows that the number of SMEs has kept growing in Belgium. There are now 1,166,000 SMEs in Belgium, a 2.7% increase from the previous year. UCM has called on the next government to keep the policy of helping companies hire their first employee by scrapping social contributions for the first hiring. They also call for the set up of attractive loan formulas, and support businesses looking for international markets to export to.

source: brusselstimes