The turnover of collection agencies and credit bureaus in Belgium saw fluctuations from 2013 to 2023, starting at €131.3 million in 2013 and fluctuating to reach €145.7 million in 2023. Notable variations include significant growth in 2014 by 36.25%, a substantial decline in 2020 by 25.19%, and subsequent recovery. Year-on-year variation for 2022 and 2023 stood at 8.26% and 4.9%, respectively. The Compound Annual Growth Rate (CAGR) over the last five years is -0.068%, indicating slight overall contraction over recent years.
Future trends to watch for include the forecasted decline in turnover from 2024 to 2028, with a 5-year CAGR of -0.32%. Factors such as economic conditions, regulatory changes, and technological advances in credit reporting and debt collection will play crucial roles in shaping this industry's future trajectory.
