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Source: Lease Europe Belgian entrepreneurs tend to neglect the wide variety of leasing solutions for their most  important investments. The financial commitment needed for both movable and immovable properties is typically substantial, regardless of the project’s size. Consequently, companies often find themselves needing to inject a significant amount of their own capital to secure financing. […]

🔬 The beginning of the year seemed to us a good timing to 𝘁𝗮𝗸𝗲 𝘁𝗵𝗲 𝗽𝘂𝗹𝘀𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗶𝗻𝘀𝘁𝗶𝘁𝘂𝘁𝗶𝗼𝗻𝗮𝗹 𝗶𝗻𝘃𝗲𝘀𝘁𝗼𝗿𝘀 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆, asking them about their expectations for the year.  We are happy to share some feed-back coming from consulting about a dozen of our contacts.   👉 The recent decrease of LT interest rates is perceived […]

As market interest rates experience a notable upward trend, we have observed an unconventional scenario since July 2023 where short term interest rates surpass their long term counterparts.

As market interest rates experience a notable upward trend, we have observed an unconventional scenario since July 2023 where short term interest rates surpass their long term counterparts.

🔎 💰 New times are here! Are we also going to see the energy and mobility transition revolutionize the bonds market ?  ↩ Old School: You discuss with your Corporate Banker your long term funding need. Your banker offers to structure a bond. Lots of back and forth, financial models are turned around, (disappointing) credit […]

📢 𝗜𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗶𝗻 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗿𝗮𝘁𝗲𝘀 𝗶𝗻 𝗲𝘂𝗿𝗼𝘇𝗼𝗻𝗲 𝘀𝗲𝗲𝗺 𝘁𝗼 𝘀𝘁𝗮𝗿𝘁 𝘁𝗼 𝗯𝗶𝘁𝗲: Economic activity slows down. But more important the demand for credit drops to lowest level in 2 decades. Even lower than 2007. ❓ Is what we see confirmed from your perspective or do you see a different story?

🚰 Liquidity everywhere but not a Drop to Drink The money supply growth numbers aren’t as terrifying as they first look, strong growth since the great financial crisis and now contraction. But it’s beyond denying that over history, large swings in liquidity have driven some major market accidents, and there are other factors that could dry […]

Looking ahead, the picture is bleak.  The ECB’s bank lending survey indicates that there is further credit standard tightening ahead and that demand for loans continues to weaken, which should translate into a 𝗰𝗼𝗻𝘁𝗶𝗻𝘂𝗲𝗱 𝘀𝗹𝘂𝗴𝗴𝗶𝘀𝗵 𝗹𝗲𝗻𝗱𝗶𝗻𝗴 𝗲𝗻𝘃𝗶𝗿𝗼𝗻𝗺𝗲𝗻𝘁. This will result in 𝘄𝗲𝗮𝗸𝗲𝗿 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 in the second half of this year and early next. That comes […]

While many were expecting a longer pause in the raising of interest rates by the US Federal Reserve it seems that the June pause that saw the benchmark interest rate maintained at a target range of between 5 % and 5,25 % may be short lived. 📈 Mastering inflation does not appear to be an […]

“How is AI revolutionizing the world of Capital Advisory and how our team is embracing ChatGPT as a valuable tool” ChatGPT, the next revolution in productivity? Though we are no AI specialists, we can’t go around the AI frenzy that has been occurring in the markets following the launch of ChatGPT at the end of […]

Most analysts consider that the most recent economic developments (strong and rapid increase of interest rates, uncertain economic context, high inflation,….) should lead to a global decrease in the (relative) value of residential units. 💡 But what if at the same time the supply of housing has decreased because developers have an harder time to […]

📢 Finally the word is out, it’s a recession! Two consecutive quarters a net decrease of 0.1% in the eurozone. What does this tell us:▪ The largest EU economic motor, Germany, is slowing down▪ Interest increases of ECB are impacting the real economy▪ Inflation leads to reduced or at least prioritized consumption from consumers▪ Companies […]

🤔 What happened at Ernest Partners to have so many people gathered in our office? 👉 End of April we hosted 𝗼𝘂𝗿 𝗳𝗶𝗿𝘀𝘁 𝗲𝘃𝗲𝗻𝘁 𝗼𝗻 𝗱𝗲𝗯𝘁 𝗳𝗶𝗻𝗮𝗻𝗰𝗲 with Bouvier Laurent from Kartesia and Jan Wolfcarius from ING sharing their market visions with a small group of entrepreneurs. 💡 How 𝗯𝗮𝗻𝗸𝘀 assess risk and structure their lending to mid-corporates and corporates share similarities but also substantial […]

🔎 We see 2 trends in Eurozone that will probably affect companies in search of financing this year: 📍 Lending conditions will tighten further in the Eurozone, meaning that 𝗯𝗮𝗻𝗸𝘀 𝘄𝗶𝗹𝗹 𝘁𝗲𝗻𝗱 𝘁𝗼 𝗯𝗲 𝗺𝗼𝗿𝗲 𝘀𝗲𝗹𝗲𝗰𝘁𝗶𝘃𝗲 𝗼𝗻 𝘁𝗵𝗲 𝗾𝘂𝗮𝗹𝗶𝘁𝘆 𝗼𝗳 𝘁𝗵𝗲 𝗯𝗼𝗿𝗿𝗼𝘄𝗲𝗿𝘀 𝗮𝗻𝗱 𝘁𝗵𝗲 𝗽𝗿𝗼𝗷𝗲𝗰𝘁𝘀. Lending conditions will tend to be more expensive. Obviously this will […]

5,4%: in February the Belgian HICP (Harmonized Index of Consumer Prices) reached its lowest point in over a year and it has been decreasing for the 4th month in a row. That sounds like good news, right?While the HICP of the Eurozone still stands at 8,5% the decreasing energy prices in Belgium are behind the […]

We all read about inflation being fought with rate hikes and indexation relieving the pain. But what does that really mean? The article below in De Tijd* shows that since a few months companies have become more careful in recruiting staff. In fact, 𝗦𝗠𝗘𝘀 𝘀𝗲𝗲𝗺 𝘁𝗼 𝗯𝗲 𝗴𝗿𝗮𝗱𝘂𝗮𝗹𝗹𝘆 𝗹𝗮𝘆𝗶𝗻𝗴 𝗼𝗳𝗳 𝘀𝘁𝗮𝗳𝗳, just like the large multinationals.Figures […]

💡 Interesting update of economic forecasts published by Deutsche Bank. We distill the following directions from it: 1. It takes 12 to 18 months before Central Banks interest increases impact can be measured. It is certainly 𝘁𝗼𝗼 𝗲𝗮𝗿𝗹𝘆 𝘁𝗼 𝗻𝗼𝘄 𝗮𝘀𝘀𝗲𝘀𝘀 𝘁𝗵𝗲 𝗳𝘂𝗹𝗹 𝗶𝗺𝗽𝗮𝗰𝘁 𝗼𝗳 𝘁𝗵𝗲 𝗶𝗻𝘁𝗲𝗿𝗲𝘀𝘁 𝗶𝗻𝗰𝗿𝗲𝗮𝘀𝗲 𝗼𝗻 𝘁𝗵𝗲 𝗲𝗰𝗼𝗻𝗼𝗺𝘆. 2. In the real estate […]

Immediately follows the question of how to pay for it? The opinion article by Zelfa Madhloum in yesterday’s De Tijd sparked a discussion in our weekly team meeting: The government is subsidizing entrepreneurship by huge amounts through direct subsidies for start-ups, scale-ups and “wished for” industrials. In addition, we at Ernest Partners, for our clients, know the way to federal […]

🗞 The Dutch Het Financieele Dagblad (FD) recently published this article about 𝘁𝗵𝗲 𝘀𝘁𝗿𝗼𝗻𝗴 𝗱𝗲𝗰𝗿𝗲𝗮𝘀𝗲 𝗼𝗳 𝘁𝗵𝗲 𝘃𝗮𝗹𝘂𝗲 𝗼𝗳 𝗰𝗼𝗺𝗺𝗲𝗿𝗰𝗶𝗮𝗹 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗶𝗻 𝗧𝗵𝗲 𝗡𝗲𝘁𝗵𝗲𝗿𝗹𝗮𝗻𝗱𝘀. 🏢 Appraisers would be 𝗿𝗲𝗱𝘂𝗰𝗶𝗻𝗴 𝘁𝗵𝗲 𝘃𝗮𝗹𝘂𝗲 𝗼𝗳 𝗼𝗳𝗳𝗶𝗰𝗲 𝗯𝘂𝗶𝗹𝗱𝗶𝗻𝗴𝘀 𝗼𝗻 𝘁𝗼𝗽 𝗹𝗼𝗰𝗮𝘁𝗶𝗼𝗻𝘀 𝗮𝗻𝗱 𝗹𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝘂𝗽 𝘁𝗼 𝟯𝟬%. Residential real estate is impacted too. This impact is inflicted by the strong increase of […]

A recently published international study by Accenture and the UN Global Compact (UNGC) indicates that 87 % of CEOs feel that current levels of 𝙜𝙚𝙤𝙥𝙤𝙡𝙞𝙩𝙞𝙘𝙖𝙡 𝙞𝙣𝙨𝙩𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙡𝙞𝙢𝙞𝙩 𝙩𝙝𝙚 𝙬𝙤𝙧𝙡𝙙’𝙨 𝙖𝙗𝙞𝙡𝙞𝙩𝙮 𝙩𝙤 𝙖𝙘𝙝𝙞𝙚𝙫𝙚 𝙩𝙝𝙚 𝙎𝙪𝙨𝙩𝙖𝙞𝙣𝙖𝙗𝙡𝙚 𝘿𝙚𝙫𝙚𝙡𝙤𝙥𝙢𝙚𝙣𝙩 𝙂𝙤𝙖𝙡𝙨. ⚠ The challenges related to 𝗶𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻 and 𝗽𝗿𝗶𝗰𝗲 𝘃𝗼𝗹𝗮𝘁𝗶𝗹𝗶𝘁𝘆, 𝘁𝗮𝗹𝗲𝗻𝘁 𝘀𝗰𝗮𝗿𝗰𝗶𝘁𝘆, 𝘁𝗵𝗿𝗲𝗮𝘁𝘀 𝘁𝗼 𝗽𝘂𝗯𝗹𝗶𝗰 𝗵𝗲𝗮𝗹𝘁𝗵 𝗮𝗻𝗱 𝘁𝗿𝗮𝗱𝗲 𝗿𝗲𝗴𝘂𝗹𝗮𝘁𝗶𝗼𝗻 disturb the priorities […]

In 2022 the financing landscape has changed dramatically : jump in energy prices and inflation, increased interest rates and uncertainty in the supply chains 🤷‍♂️ Free money is no longer the rule, which is challenging for less experienced finance managers. Are these exceptional times? Others have seen this happening before. 📉 At the outset of 2023, […]