For organisations involved in a transaction, dispute, merger, acquisition or restructuring, the value of the company involved and its assets will be an important commercial consideration. A clear and thoughtful view of the respective value is therefore essential in such situations.
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Redesigning your group structure can mean significant cost savings and/or efficiency improvements. The restructuring provisions of the Companies and Associations Code (merger, demerger, contribution or transfer of branch of activity, etc.) provide you with the legal means to achieve this.
Mergers and acquisitions represent a challenge for dynamic organisations. As a manager or entrepreneur, you want to look at this challenge from all sides to obtain the best conditions. That is why our professionals work on the basis of integral process management during merger, sale or acquisition processes.
Companies are increasingly focused on high-quality strategic transactions,
with less time spent on investigating peripheral opportunities, according to
our International Business Report (IBR), a survey of 5,400+ business
leaders in 35 economies.
Our experts help document your transfer pricing principles, intra company transactions and internal reporting and organisation. They design and implement settlement pricing structures for both national and multi-national companies. When services are centralized, they determine acceptable costs and margins.
International employment has become a standard practice in today's HR policies. Nevertheless, it raises several questions for both the expat and the employer.
If your business has grown internationally or if you’re considering to take the step to expand abroad, you want to continue maximizing your efforts. Where domestic corporate tax laws may already be quite complicated, local legislation in other countries and international tax laws will most certainly add to the complexity of your business environment and organization.
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As an entrepreneur or manager, you may entrust specific work to your company auditor. The nature, extent and scope of these activities or procedures are always mutually agreed upon.
The European International Financial Reporting Standards (IFRS) have been mandatory for listed companies in the European Union since 2005. However, these standards also offer specific advantages for unlisted companies and SMEs.
As independent advisers, our transaction specialists offer independent advice, not just on the financial aspects, but throughout the transaction cycle. Their independence is beneficial both to buyers as well as sellers. Our advisers work according to a structured methodology, keeping track of all financial, operational and strategic elements.
Based on our "to-the-point" analyses, we identify with you the appropriate restructuring opportunities to help improve cash flows, results and balance sheet positions in the short term.
Cybersecurity and data privacy threats evolve on a daily basis. It is essential to recognize the threats, understand your exposure, balance your priorities and formulate a comprehensive response.
We provide support in addressing both global and local cybersecurity and privacy compliance needs. We assess the risks of cyberattacks and the maturity of security programs, and we recommend and implement workforce, process and technology solutions to protect information assets.
Contact us for a solid strategy that will help you proactively manage cyber risks both inside and outside your organization. We are ready to help you safeguard your future.
Companies have a huge amount of data at their disposal, and that amount of information is also increasing every day. Gaining deeper insight through data analysis can increase the value, commercial challenge and level of understanding of the business.
Futureproof organisations need to regularly revisit their strategies and objectives thereby optimizing their tactics, processes, internal controls and systems
Fraudsters become more inventive and can adopt different strategies depending on their target’s weaknesses. It is therefore crucial to ensure the appropriate level of fraud risk preventative measures are present in your organization.
How do I really make sustainability part of my strategy? How do I realise valuable impact? How do I get a grip on climate-related risks and opportunities? We can help you in your ESG journey.
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If your business has grown internationally or if you’re considering to take the step to expand abroad, you want to continue maximizing your efforts. Where domestic corporate tax laws may already be quite complicated, local legislation in other countries and international tax laws will most certainly add to the complexity of your business environment and organization.
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Our experts help document your transfer pricing principles, intra company transactions and internal reporting and organisation. They design and implement settlement pricing structures for both national and multi-national companies. When services are centralized, they determine acceptable costs and margins.
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Running your business on a day-to- day basis often has legal consequences. Not only key moments such as take-overs, shares transactions and mergers require legal support, but also your organisation’s daily operations. This is why our legal advisers are equipped to provide you with advice in many fields, both at a national and at an international level. They develop an understanding about your organisation’s activities and development plans. This allows them to offer you up-to date, relevant advice supporting your business.
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WhatsUpp: what impact will the new sustainability reporting rules (ESRS) have on my company?
By:
Kiara Conings
20 Nov 20233 min read
From 2024, large companies are required to report on sustainability according to new European standards (ESRS). If you are a small or medium-sized company this requirement won’t apply for a few more years yet. But be aware: you will still feel the consequences through your supplier relationship.
In ‘WhatsUpp’ our expert answers a specific customer question or explains exactly what a new law or rule means for your company.
What are the European Sustainability Reporting Standards (ESRS)?
The European Sustainability Reporting Standards (ESRS) make it possible for companies to report in a consistent manner on sustainability. ESRS is divided into different themes: climate change, biodiversity, workers in the value chain, communities, governance, risk management and internal controls, and so on.
ESRS makes concrete the sustainability guidelines of the Corporate Sustainability Reporting Directive (CSRD). This in turn is one of the cornerstones of the EU Green Deal, Europe’s roadmap towards a modern, resource-efficient and competitive economy. Read more about the CSRD.
When am I required to report under ESRS?
From financial year 2024: public-interest companies (e.g. banks, insurers, listed companies) with 500 employees or more. This applies not only to EU companies, but also to non-EU companies with shares listed on an EU-regulated market.
From financial year 2025: all large companies that meet at least two of the following three criteria: 250 employees, net annual turnover of 50 million euros and total assets of 25 million euros.
From financial year 2026: listed SMEs, small credit institutions and intermediaries (captives).
From financial year 2028: all international companies that record a turnover of more than 150 million euros in the EU and also meet the other reporting conditions.
I'm a small business, so I don't have to do anything yet, right?
Yes, your reporting obligations only begin in 2026. But there is a good chance that you will receive questions about sustainability from your customers much sooner than this, or that they will tighten their requirements. This is because they themselves may already be required to report as a large company and have to identify their entire value chain. You will therefore come into the picture as a supplier, transport company or other party involved in the supply chain.
ESRS is a requirement, but do I also stand to benefit from it?
Absolutely! You have to comply, but there are also many competitive advantages for your company.
Greater trust from your stakeholders: if you take a consistent approach to your reporting, investors and other stakeholders can easily compare your information with other companies. If you want to raise capital, you will also notice that your financial institution takes sustainability criteria into account when making the decision. Sustainability also inspires confidence in job applicants, your employees, end customers and others.
Active risk management: through sustainability reporting you identify and manage your company’s environmental and social risks. This enables you to tackle them more proactively. Examples of such risks are scarcity of raw materials, reputational damage and violations of regulations. Read more about active risk management.
Long-term value creation: by consciously integrating sustainability into your strategy and business processes, you increase your innovative capacity, attract the right talent more easily, strengthen your reputation and work towards a better future for people, the environment and society.
How should I go about my ESRS reporting?
Your sustainability report is part of your general management reporting. ESRS works according to the principle of double materiality: for each sustainability theme you identify both your company’s impact and the theme’s impact on your business operations. You also need to map your entire value chain (e.g. transporters, suppliers), not just your own activities.
Note: be sure to check any sector-specific obligations which apply in addition to ESRS.
Do you need advice about sustainability and your ESRS obligations?
