In 2022, the total factoring volume in the Netherlands reached 164 billion euros. Factoring is less common in Belgium than, for example, in the Netherlands. Factoring is a transaction in which a business sells its accounts receivable (also known as invoices), to a third-party financial company (called a factor). The factor then collects payment on those invoices from the business’s customers. The main reason that companies choose to factor is that they want to receive cash quickly, so they can meet their immediate cash needs, rather than waiting the 30 to 60 days it often takes for customers to pay their bills.
Total factoring volume in the Netherlands from 2007 to 2021
(in million euros)
Characteristic
Factoring volume in million euros
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FCI. (June 9, 2023). Total factoring volume in the Netherlands from 2007 to 2021 (in million euros) [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/785879/factoring-volume-in-the-netherlands/
FCI. "Total factoring volume in the Netherlands from 2007 to 2021 (in million euros)." Chart. June 9, 2023. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/785879/factoring-volume-in-the-netherlands/
FCI. (2023). Total factoring volume in the Netherlands from 2007 to 2021 (in million euros). Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/785879/factoring-volume-in-the-netherlands/
FCI. "Total Factoring Volume in The Netherlands from 2007 to 2021 (in Million Euros)." Statista, Statista Inc., 9 Jun 2023, https://www.statista.com/statistics/785879/factoring-volume-in-the-netherlands/
FCI, Total factoring volume in the Netherlands from 2007 to 2021 (in million euros) Statista, https://www.statista.com/statistics/785879/factoring-volume-in-the-netherlands/ (last visited July 27, 2024)
Total factoring volume in the Netherlands from 2007 to 2021 (in million euros) [Graph], FCI, June 9, 2023. [Online]. Available: https://www.statista.com/statistics/785879/factoring-volume-in-the-netherlands/