Consequently,
Belgium remains worst payer europe:
Main information – Belgium remains worst payer europe
- 61.9 percent of Belgian companies did not pay their invoices in time during the fourth quarter of 2024.
- Large Belgian companies display particularly worrying payment delays, with only 14 percent of them paying their invoices on time.
- The agricultural sector is at the top of punctual payments. In addition, while the transport and distribution sector remains the least punctual for the second consecutive year.
Belgium is systematically ranked in the last place of northern European countries in terms of payment deadlines. However, with an astonishing percentage of 61.9 percent of companies that have not paid their invoices in time during the fourth quarter of 2024. It is the second consecutive year that Belgium holds this uninvable title.
On the other hand, Denmark comes first for the punctuality of belgium remains worst payer europe payments, with only 5.8 percent of companies that have exceeded payment times during the same period. Poland and Russia follow closely with 12.5 percent and 18.7 percent of payment delays respectively.
Late payment by business size
While Belgium is faced with global payment delays, large companies have a particularly worrying trend. Only 14 percent of Belgian companies with more than 260 employees paid their invoices in time in the fourth quarter of 2024. The smallest companies (less than 50 employees) display higher punctuality rates, but these figures have also decreased compared to previous years.
Payment trends by sector
Sector analysis reveals a varied landscape. The agricultural sector is at the top of punctual payments with 44.2 percent of companies that pay their invoices on time. However, the transport and distribution sector remains the least punctual for the second consecutive year, with only 30.2 percent of time payments. The textile industry belgium remains worst payer europe is faced with increasing challenges due to the increase in energy costs. material prices and competition from foreign retailers online, which has led to a significant drop in payments.
Barry de Goeij. senior data scientist at Altares Dun & Bradstreet, an international company specializing in the solvency analysis and the payment behavior of companies, underlines the broader implications of persistent payment delays in Belgium: “These delays do not only affect companies individually, but repercussions on the entire supply chain, thus creating a domino effect. »»
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