Industry revenue of »activities of collection agencies and credit bureaus« in Belgium 2011-2023

Credit bureaus and debt collection agencies are an integral part of Belgium’s financial system, responsible for updating credit profiles or keeping a check on public defaulters. According to Statista’s latest estimates, the industry’s revenue is expected to decline from 160.5 million U.S dollars in 2016 to 125.3 million U.S. dollars in 2023, all in the face of a steadily rising Gross Domestic Product (GDP).

Reduced national debt and government spending impacting revenues

Consumer debt including credit applications associated with payment cards, mortgage credit and personal loans account for a considerable share of revenue for collection agencies and credit bureaus. In addition, credit rating plays a pivotal role in the disbursal of business loans too. However, an estimated decline in national debt and ratio of government expenditure to GDP are the key reasons for declining industry revenues.

Industry revenue of »activities of collection agencies and credit bureaus« in Belgium from 2011 to 2023

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Sources

Supplementary notes

* Estimate - This also applies for past years as data provided by statistical institutions often is not available for more recent years.

Currency conversion factor: (EUR -> USD) = 1.186

The industry classification is based on the NACE Rev.2 - system in Belgium. The industry “activities of collection agencies and credit bureaus“ has the code “N8291“.

Details on the methodology can be found here.

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