Creditsafe states that every small, medium and large Belgian company works directly or indirectly with international companies.
It is a statistical fact that as a company continues to grow in employees, the likelihood of international operations increases. Even if you are of the principle that you work 100% nationally, indirectly you are in contact with international companies. Let us assume that your entire customer portfolio is active in Belgium, then you could reason that you are 100% active on the national market. The answer is no...
Your professional clients may be included in a group structure where, for example, the parent company is located abroad. If a parent company is located in e.g. Germany, you are de facto doing business with a German organisation. A company does not necessarily have to be included in a group structure. They can also be 'linked' to foreign companies. The directors of a company with which you do business may also have mandates in other countries or the owner or founder of your most loyal customer may be, for example, an Italian.
For these obvious reasons, it is also vital to check the international links, structure and other mandates so that you can make a more complete assessment, as part of your credit risk management.
Suppose one of your professional clients has a parent company in the United States and this parent company is in bad shape, this could have negative consequences for the subsidiaries. If you have not checked the international structure, you have not been able to make a proper risk assessment.
If you then work with international suppliers, you are logically also dealing with international companies. Finally, do your competitors originate from outside Belgium? Then your organisation is also indirectly international.