The production value of collection agencies and credit bureau services in Belgium has experienced fluctuations over the past decade. After reaching a peak of €179.0 million in 2014, the sector saw significant declines in the subsequent years, particularly in 2020 when it dropped to €98.5 million. By 2023, the production value recovered to €148.3 million, showing a modest year-on-year growth of 5.25%. The Compound Annual Growth Rate (CAGR) over the last five years stands at a near-neutral value of 0.013%.
Looking at the forecasted data from 2024 to 2028, the production value shows a slight decline with a forecasted CAGR of -0.23%, indicating a gradual decrease over the next five years. The value is expected to stabilize around €146.1 million by 2028.
Future trends to watch for:
- Impact of economic fluctuations on debt recovery and credit bureau services.
- Technological advancements in data analytics and credit scoring models.
- Regulatory changes affecting the credit and collection industry.
- Consumer behavior shifts and their influence on credit and debt management.
