Independent financial analysis
Financial facts. Defensible decisions.
Every consequential financial decision should rest on established fact — not assertion — and hold up when it is tested.
When capital, liability or reputation is at stake, HALD brings senior CFO/CRO judgement directly to the decision — establishing the facts before a position is committed. Assignments are principal-led and typically involve contested financial evidence, transaction economics, liquidity, financial controls or governance-critical decisions in the Netherlands and cross-border European matters.
HALD Advisory is an independent financial advisory firm in Amsterdam supporting counsel, investors and boards in financial disputes, transaction control and board-level financial governance.
When to call HALD
When a settlement, claim, or valuation hinges on the figures, the fact base must be clear, traceable, and able to withstand challenge before positions harden.
Before signing or after close, the economics need a fast, independent read before value leaks or governance escalates.
When a decision carries high exposure and external scrutiny — with a board, auditor, investor, or regulator likely to test the numbers — CFO/CRO-level judgement is needed before a position is committed.
Why HALD
In high-stakes disputes, transactions and governance-critical decisions, the cost of being wrong is measured in capital, liability and reputation. HALD Advisory brings senior CFO/CRO judgement directly to the decision — establishing the facts, and making them defensible under scrutiny.
Every consequential financial decision should rest on established fact — not assertion — and hold up when it is tested. Boards, their advisers and their counterparties are increasingly required to justify decisions to regulators, courts and shareholders. We exist to give them positions that remain defensible under exactly that scrutiny.
Independent Financial & Transaction Control · Board Advisory
Who instructs HALD
Primary · Counsel
Contested quantum, completion accounts, earn-outs, W&I, shareholder disputes, damages, or financial-data gaps.
Clear, traceable, counsel-ready financial analysis alongside legal strategy.
Primary · Investors
QoE concerns, weak working capital, leakage, earn-out mechanics, covenant pressure, post-deal control failures, or disputed value drivers.
A senior, accountable economics read before value leaks or governance escalates.
Primary · Boards
Loss of confidence in the numbers, liquidity or capital pressure, audit scrutiny, reporting-quality issues, or blurred finance-and-risk accountability.
An independent CFO/CRO-level readout before the next board or regulatory deadline.
Secondary · Special situations
Liquidity stress, covenant pressure, going-concern uncertainty, disputed claims, unreliable borrower data, or distressed transactions.
An independent fact base, liquidity view, and defensible decision support before positions harden.
Secondary · Growth
Growth outpacing finance controls, weak cash visibility, investor-reporting pressure, audit delays, or licensing-readiness gaps.
Senior finance intervention before gaps become investor, auditor, or regulatory issues.
The common need: risk reduction, credibility, speed, and judgement under scrutiny — not generic advisory capacity.
Advisory services
Independent financial analysis and senior CFO/CRO judgement, scoped around the decision that counsel, investors or the board must make next.
Independent financial analysis and, where appropriate, party-adviser support under an agreed scope — for contested positions that depend on traceable facts, assumptions and evidence.
Operator-grade review where value, working capital, close quality, controls, or post-deal reporting are under pressure.
Independent CFO/CRO-level judgement for boards, investors, and management teams when confidence in the numbers has slipped.
Selected matters
Client identities and identifying facts are withheld. The examples show the type of question, analysis, and decision support HALD provides.
Dispute · Shareholder
Reconstructed financial flows, tested management calculations, and identified principal drivers of disputed quantum.
Transaction · Post-acquisition
Assessed working-capital quality, reporting reliability, liquidity visibility, and structural control gaps after acquisition.
Governance · Regulated institution
Reviewed cash-flow visibility, reconciliations, decision rights, escalation mechanics, and board reporting.
Investment · Model reliability
Tested model logic, assumption traceability, reconciliations, sensitivities, and scenario mechanics under time pressure.
Working across the Netherlands and selectively on cross-border matters involving European financial markets, regulated institutions, transactions, and governance.
Primary engagement
A focused, fixed-fee review of the financial facts, model logic, exposure range and decision options — turning a complex situation into a clear, decision-ready view within days, once scope, conflicts and document access are confirmed.
Included: a written financial-facts assessment and a private findings briefing. Separately scoped: interviews, formal valuation opinions, expert reports and extensive reconstruction.
How retention works
The process protects independence and confidentiality before detailed facts are shared, then keeps scope, evidence, and conclusions traceable.
Make a confidential enquiryDefine the decision, urgency, and likely evidence base. No privileged or highly confidential detail is needed to begin. First contact is by telephone or email.
HALD checks the relevant parties and engagement fit before detailed facts or documents are shared.
The question, document set, deliverables, timetable, and fixed fee are agreed in writing. Sensitive records then move through the agreed secure route.
HALD tests the position and delivers traceable findings, a clear view of exposure, and practical next-step options.
Scope agreed · Evidence traced · Assumptions tested · Findings documented
What sets HALD apart
The principle is simple: a consequential financial position must be established on evidence, tested against challenge, and able to withstand audit, regulatory and court scrutiny.
HALD combines statutory board accountability, regulated-market fluency and evidence discipline with direct senior delivery.
Boards, their advisers and counterparties are increasingly required to justify decisions to regulators, courts and shareholders.
Every mandate is led by the principal from scope to findings.
Statutory board experience, DNB Fit & Proper credentials and 20+ unqualified audit cycles — attaching to former appointments, not to HALD Advisory.
Finance, risk, capital, liquidity and governance experience applied to the decision at hand.
Conclusions are tied to the underlying evidence and structured for external challenge.
Operating safeguards
Every engagement is run with documented safeguards from conflict check and secure intake through review and handover.
About the principal
Founder & Principal · Former statutory CFO/CRO, positively assessed by DNB for those appointments · Banker’s Oath (sworn)
Aldwin Boers is Founder & Principal of HALD Advisory. He advises counsel, investors and boards when a contested financial position, transaction or governance-critical decision must withstand scrutiny.
A former statutory CFO/CRO in regulated financial institutions — positively assessed by DNB for those appointments — Aldwin brings more than 25 years in senior finance and risk leadership, including twelve years as CFO of ABN AMRO Clearing Bank. Through that tenure he maintained uninterrupted clearing operations across 9/11, the 2011 Japan earthquake and the Fortis collapse, delivering unqualified audit opinions throughout, and held dual statutory responsibility for Finance and Risk — an uncommon combination in the Dutch market. He has led finance, capital, liquidity, risk, reporting and governance across Europe, Asia and the Americas.
His work combines operator judgement with traceable financial analysis — clarifying what the numbers support, where exposure sits and what decision should follow. He holds a Master of Accountancy from NIVRA/Nyenrode and works in Dutch and English. Every engagement is principal-led from scope to findings.
Current thinking
Independent interpretations of developments shaping legal delivery, financial analysis and board-level decision-making.
HALD perspectiveThe key question is which refinancing assumptions remained supportable as Accell moved into insolvency. HALD can independently reconstruct the financing bridge, test liquidity and downside assumptions, and identify where the case diverged from plan, providing a defensible financial basis for investors, creditors, boards and counsel.
HALD perspectiveThe consequential financial question is which transaction path delivers the strongest economic outcome once the alternatives are tested on equivalent terms. HALD can independently establish and challenge the value bridge, underlying assumptions and sensitivities — giving investors, boards and counsel a defensible financial basis for comparing the alternatives.
HALD perspectiveThe consequential financial question is how value and exposure should be assessed when ownership, control and financial information are contested. HALD can independently reconstruct the underlying financial record, test competing valuation positions and quantify their consequences — providing a defensible fact base for settlement, transaction and board decisions.
Start with scope
Engagements begin with a confidential scoping discussion, conflict check and evidence-base review before substantive work is accepted. Do not send privileged or sensitive documents until HALD confirms a secure transfer route.
info@haldadvisory.com linkedin.com/in/aldwin-boersThe question that needs an answer and by when.
Enough information to complete an independence check.
Do not send privileged documents until a secure route is agreed.
Request a Rapid Case Assessment
If the matter can proceed, HALD will confirm the next step and agree an appropriate secure route for detailed information.
An enquiry does not create an engagement, a duty to act, or an adviser-client relationship. HALD acts only after conflicts are cleared and written engagement terms are agreed. Please read the Privacy Statement, Data Handling page, and Disclaimer before continuing.