How is the current crisis affecting the transfer of family businesses? For many entrepreneurs, the company they have founded or taken over constitutes the bulk of their personal assets. A lifetime’s work, or the work of several lives, can be wiped out if one does not prepare to pass on the business well in advance.
For this third »Creutzverhör«, Creutz & Partners’ Michael Kalscheuer and Tom Rasqué met with Vincent Piront (55) and his sons Guillaume and Arthur (28 and 23). Experts in the insulation and waterproofing of industrial buildings, they run three separate but highly complementary companies: Vincent Piront SA (www.vincentpiront.com), Phonotech (www.phonotech.com) and RMS8 (www.rms8.be). This original approach to generational handover ticked the boxes for Michel Grignard: now retired, the co-founder of BDO Belgium still assists a few families in their investment projects in Belgium and Luxembourg.
Let’s hear their tips!