{"id":44027,"date":"2023-07-28T10:02:04","date_gmt":"2023-07-28T08:02:04","guid":{"rendered":"https:\/\/www.altares.be\/?p=44027"},"modified":"2023-09-12T14:06:11","modified_gmt":"2023-09-12T12:06:11","slug":"how-do-you-research-a-companys-reliability-before-doing-business","status":"publish","type":"post","link":"https:\/\/www.altares.be\/en\/blog\/compliance\/hoe-onderzoek-je-de-betrouwbaarheid-van-een-bedrijf-voordat-je-zaken-doet\/","title":{"rendered":"How do you research a company's reliability before doing business?"},"content":{"rendered":"

As a business, it is essential to ensure that the partners you do business with are trustworthy and legitimate. Building lasting business relationships with other companies requires a thorough investigation into their trustworthiness. In this blog post, we will show you how to assess whether another company is trustworthy before engaging with them and provide tips on how to speed up and make this process easier.<\/p>\n\n\n\n

\"betrouwbaarheid<\/figure>\n\n\n\n

What makes a company reliable?<\/h2>\n\n\n\n

A reliable company is characterized by integrity, stability and a proven track record. You can find this out by going through the following steps.<\/p>\n\n\n\n

Begin your research by gathering as much information about the company as possible. This can include the company name, address, contact information, and website. Also verify that the company is registered with the appropriate authorities in the country in which it operates. During your research, pay attention to the following factors:<\/p>\n\n\n\n

Legitimacy<\/h3>\n\n\n\n

Check that the company is a legal entity, registered with the appropriate authorities. This may vary depending on the country in which the company operates. In the Netherlands, for example, it is mandatory to post a KvK number on the company website. So you can ask for an extract based on this number. In Belgium, you can ask for a company's enterprise number in order to obtain an extract from the KBO.<\/p>\n\n\n\n

Corporate History<\/h3>\n\n\n\n

Research the company's history, including its founding date, any name changes, and major milestones in their business journey. Companies with a long history and a proven track record are often more trustworthy.<\/p>\n\n\n\n

Find out the ultimate beneficial owner (UBO)<\/h3>\n\n\n\n

A UBO is the beneficial owner of a company. If you want to partner with a company, it is important to find out this UBO. For example, this person may have been sanctioned, this person may have been involved in a lot of bankruptcies or there may be other signs that this person does not have a clean motive.<\/p>\n\n\n\n

Interesting read: <\/strong>5 tips to find the UBO<\/a><\/p>\n\n\n\n

Financial stability<\/h3>\n\n\n\n

Een gezond financieel profiel is een teken van betrouwbaarheid. Controleer hun jaarrekeningen, winst- en verliesrekeningen, en kredietwaardigheid. Dit is vaak een lastig onderdeel. Lang niet alle bedrijven, zelfs niet grote bedrijven, deponeren hun jaarrekeningen op tijd of publiceren ze op de website. Ook de kredietwaardigheid is niet altijd gemakkelijk te vinden, maar hierover later meer.<\/p>\n\n\n\n

Reputation<\/h3>\n\n\n\n

Search online for reviews and feedback from other companies that have worked with them before. A positive reputation is an indication of reliability.<\/p>\n\n\n\n

Ervaring & Expertise<\/h3>\n\n\n\n

Kijk naar de ervaring van het bedrijf in de branche. Een langdurige en succesvolle aanwezigheid wijst op betrouwbaarheid.<\/p>\n\n\n\n

Transparency<\/h3>\n\n\n\n

A trustworthy company is open and transparent about their business activities, policies and procedures.<\/p>\n\n\n\n

Online presence<\/h3>\n\n\n\n

Look at the company's website and check that it is professionally designed and well maintained. A well-designed website can indicate a well-organized business. Also check their social media accounts and the level of engagement and interaction with their customers.<\/p>\n\n\n\n

Take this point with a grain of salt if you want to go with a small business. Small companies often do not have the staff to properly maintain a website. Pay extra close attention to transparency and any reviews or references here.<\/p>\n\n\n\n

Look into possible legal disputes<\/h3>\n\n\n\n

Check whether the company has been involved in legal disputes, lawsuits or bankruptcies. This can be a sign of unreliability or financial problems.<\/p>\n\n\n\n

Tips for verifying a company's reliability<\/h2>\n\n\n\n

As can be read, researching the reliability of a company is a lot of work. We've listed tips for you that will help make this process a lot faster and easier.<\/p>\n\n\n\n