When the independent accounting and consultancy firm Moore Belgium changed its name on 9 September, it also announced that the rebranding from Moore Stephens to Moore would mark the starting point for a fresh phase of growth. It has now turned those words into action through the takeover of LAVA, marking a clear start to the further expansion of both companies and their clientele.
LAVA was founded in 2008 by Luc De Keyser and Joris VandenBerghe and is a consultancy that focuses on the utilities, telecommunications, technical services and IT services indus-tries, providing services revolving around strategy development, performance optimisation, business transformation and IT advice. With a team of 20, LAVA generates an annual turno-ver of €3.5 million.
The increasingly complex laws and regulations, the rise in administrative processes, compre-hensive digitisation and the importance of the precise management and use of data have all contributed to the increasing demand for specialist consultancy services. By joining forces, that niche expertise and market knowledge that is held by LAVA can be combined with Moore's spearheads, where the access to data for business analytics and artificial intelli-gence – a field in which element61 is the market leader – as well as operational excellence and supply chain knowledge can provide significant leverage.
With a workforce of 420 and annual turnover of €50 million, Moore Belgium has for many years been a trusted player in the medium sized and large companies' market. The focus for accounting, auditing and tax & legal services is progressively shifting to consulting in respect of corporate finance, company strategy, process optimisation and supply chain management, with structural support from element61's business analytics offering. Today Moore Belgium aims, more than ever before, to act as helping hand in taking on both the large and the small jobs that make all the difference for its clients.
By extending both the depth and the scope of the services on offer, both parties gain further expertise and, thanks to the teams joining forces, the services they offer to their clients im-prove even further.
Luc De Muynck, Business Unit Leader Strategy & Operations, Moore Belgium: 'After having spent the last few years increasing the depth of our teams, Moore Belgium is once again devoting itself in full to growth. That is also why I am so happy and proud of our collab-orative venture with the Lava team. By working together, we can be of even better assistance to our clients in facing their challenges.'
Luc De Keyser, LAVA: 'Companies and entrepreneurs are constantly dynamic. In order to guarantee growth and extend our services to include data management and other matters, we opted for Moore Belgium as our partner. The complementarity and the extension of our services have created a great win-win situation, not only for both companies but also for our clients.'
Joris VandenBerghe, LAVA: 'LAVA exists by the grace of our team of driven consultants, who spend every day achieving transformation for our clients. We are thus also obliged to our people to continue growing as part of the implementation of our strategic plan, and to fur-ther enrich what we offer both in terms of content as well as personal development. That's why I am so looking forward to the additional opportunities that the integration of the teams will provide, both for themselves and for their clients.
About Moore Belgium
Moore Belgium is is the largest independent accounting and consulting firm in Belgium, with key cen-tres in Antwerp, Brussels and Ghent and with offices in Shanghai as well as a range of local offices across Flanders. The company has an annual turnover of €50 million and 420 staff members.
Moore Belgium acts as a helping hand in supporting the growth of medium size companies by provid-ing accountancy, auditing, corporate finance, strategy & operations, business analytics and tax & legal services. As a member of Moore Global – one of the largest accounting and consulting networks in the world – Moore Belgium also provides support to its clients in over a hundred countries.
About LAVA Consulting
LAVA Consulting is a management consultancy firm that helps companies to achieve business trans-formation and raise performance levels. LAVA Consulting focuses on the ecosystem of energy and utilities companies (electricity, water and wind) as well as telecommunications, IT and technical services companies and provides services using clear and experienced talent, with the goal being continuous customer satisfaction. With a team of 20, LAVA has an annual turnover of €3.5 million.