Conditions Of Use

These terms of use apply to the use of this web site. Please read these terms and conditions carefully and attentively. When using this web site, you accept the following terms of use which shall apply at all times. If you do not accept these terms in their entirety, we kindly request you not to use this web site. We reserve the right to change information on this web site and modify these terms of use at any time.

About us

This web site is the property of Blacktrace B.V., PO Box 2102, 5202 CC ‘s-Hertogenbosch, the Netherlands ("Blacktrace"). We welcome your comments and suggestions about this web site. If you have any questions or comments, please contact us by sending an email to

The terms "Partner" and "Associate" are used on this web site: these are internal titles for employees at Blacktrace. These terms do not necessarily imply any form of formal authorisation to represent the private company with limited liability, Blacktrace B.V..

Blacktrace B.V. is listed in the Commercial Register of the Brabant Chamber of Commerce under number 17.24. 21.83.

E-mail disclaimer

Blacktrace B.V. is a limited liability under Dutch law. All work undertaken will be done on the basis of an agreement [as defined in article 7:400 of Dutch Civil Code] entered into by the company. The work and all legal relations with third parties shall be governed by the general terms of Blacktrace B.V. which include a limitation of liability. These terms may be consulted at Kamer van Koophandel Brabant [Chamber of Commerce Brabant] and will be forwarded upon request. The contents of this e-mail are intended for the named addressee only. It contains information which may be confidential and which may also be privileged. Unless you are the named addressee [or authorised to receive for the addressee] you may not copy or use it, or disclose it to anyone else. If you received it in error please notify us immediately and then destroy it [including attachments].


The content of this web site is protected by laws of copyright. We reserve all rights. Information may be downloaded or printed on paper subject to statement of the source. Neither this web site (nor parts of it) may be used for public or commercial purposes without the prior written permission of Blacktrace B.V..

No commercial offer

This web site is for information purposes only. Nothing on this web site may be construed as a commercial offer, which, if accepted, would lead to entering into a contract.

Authorized users of the web site

This web site is not intended for use by persons who are subject to legislation (based on the person’s nationality, place of residence or otherwise) that forbids publication or consultation of this web site. We request persons to whom such legislation applies not to use this web site. It is the explicit responsibility of the user to ascertain whether or not he/she is legally permitted to use this web site.

Data protection

Any personal information that you provide in relation to this web site will be treated with the appropriate care. We will only use your personal data in order to communicate with you. We request you not to send confidential information via the contact details facility on this web site, as such information is not covered by a nondisclosure agreement.

Blacktrace operates security systems that are customary in this sector in order to protect personal data. Our web servers are located in a secure environment which may only be accessed by authorized users .

We use information and statistics to monitor web site activity. This information helps us to improve the web site and adapt it to the needs of our users. These statistics do not include any information that could be used to identify individual users.

We will not make your personal information available to third parties without your prior consent, unless we are legally required to do so.


Although we scrutinize our information and the sources from which we take information with extreme care and make every effort to ensure that the information on this web site is up-to-date and accurate, Blacktrace cannot warrant the accuracy and completeness of this information. The information and opinions published on this web site are for information purposes only. The user is solely responsible for interpretation and the consequences of using this information. The information on this web site is subject to change.


We cannot guarantee that information on this web site is free of viruses or other malware that may cause damage or loss of data. The user is personally responsible for taking any action required to prevent virus infection and ward off other damaging attacks.

Sector Information

The information about the sectors is based purely on our own opinions and experience and may under no circumstances be regarded as impartial advice.

No advisory content

Nothing on this web site may be regarded as constituting advice in any area whatsoever. The information is not intended to be seen as advice on investments, legislation, taxation or any other subject.

Exclusion of liability

Blacktrace is in no way liable for any direct or indirect loss, damage or costs arising from use of or a link to this web site or any expectations you may have based on the content of this web site. Under no circumstances is Blacktrace liable for any damages of whatever nature that may have resulted from use of this web site.

External sites

This web site may contain links to other web sites ("Linked Sites"). These Linked Sites have been included for your convenience and are used at your own risk. We are in no way responsible for the content of these Linked Sites.


You should be aware that the internet is an open network and therefore not secure. If you send us information regarding use of this web site via electronic means, you do so at your own risk. We cannot guarantee that communications of this nature will not be intercepted or altered.


The name Blacktrace and Blacktrace’s logo are the intellectual property of Blacktrace B.V..


These terms of use and anything associated with them are governed by Dutch law. Users outside the Netherlands are personally responsible for investigating how local legislation affects using this web site.