Starting a business
Starting a business is an exciting moment, but also a complex process. You are not only choosing an activity, but also a legal form, a business address and an accounting system. In addition, you will immediately have to deal with tax obligations, social security contributions and any permits. One wrong decision can have long-term consequences. With a well-prepared plan, you limit risks and build a solid foundation. Which structure best suits your situation? How do you draw up watertight agreements with co-founders? And how do you translate your vision into a feasible financial plan? Making the right choices at the start makes all the difference.
Recognizable situations
Situations you recognize, answers that help you move forward.
Starting a company begins with good preparation. First, you choose a legal form, such as a private limited company (bv), depending on your situation, plans and desired status. You then draw up the articles of association, which legally define how the company will operate: from the distribution of shares to management and profit distribution. A notarial deed is required to establish a private limited company. The notary ensures that your articles of association are legally valid and publishes everything in the Belgian Official Gazette.
In addition to setting up the company through a notary, you must also register your company with the Crossroads Bank for Enterprises, draw up a financial plan, open a business bank account and arrange your affiliation with a social insurance fund. Don't forget to activate VAT and obtain any necessary permits. Every detail counts, because setting up a company is not only a legal step, but also a strategic one. Are you considering taking the plunge? Seek advice in good time to avoid mistakes or delays.
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Choosing the right company form depends on your plans, the risk profile of your activity and whether you are doing business alone or with others. For many SMEs and self-employed people, the private limited company (bv) is the most flexible choice: you have limited liability, do not need to contribute minimum capital and can tailor the structure to your needs.
Do you work with multiple partners or are you planning a family transfer? In that case, a public limited company (PLC) or cooperative company (CV) may offer more options. A BV is ideal if you want to retain control with limited formalities. An NV is more suitable for large capital requirements or complex shareholder structures. A CV focuses on cooperation and shared entrepreneurship, often with social or sustainable objectives. Each type has its own rules regarding liability, profit distribution and management. The choice therefore has not only legal but also tax and practical consequences. Are you unsure? Let us help you set up a company structure that will grow with you.
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As a start-up, you are entitled to various subsidies and support measures at both the Flemish and federal levels. The best known is the Flemish start-up loan, an advantageous loan for those who have recently started their own business or are planning to do so in the near future. In addition, the Flemish government provides SME portfolio support for advice, training or digitisation.
Those who invest in sustainability, innovation or employment can also apply for additional support through specific channels such as VLAIO. Subsidies are often linked to strict conditions and deadlines. Not every activity or sector is eligible, and some applications must be submitted before you actually start. Good preparation is therefore essential. Would you like to know what support measures are available in your situation? Consult the VLAIO website or seek guidance with your application. This will increase your chances of a successful and financially sound start-up.
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Choosing a company structure depends on your ambitions, risk profile and financial plans. If you want to limit your personal liability, invest with others, or optimise your tax position, setting up a company is often a logical step. It creates a separate legal entity, offering more flexibility in areas such as ownership transfer, profit distribution and capital structure.
At the same time, a company comes with additional obligations, including accounting reports, tax filings and formal statutes. Start-up costs and annual compliance requirements are also higher than for sole proprietorships. That’s why it’s wise to seek professional advice beforehand, so you can select a structure that fits both your current needs and your growth plans.
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Other important moments
These topics will help you think, plan and grow further
Other important moments
These topics will help you think, plan and grow further
Are you at a strategic turning point?
Whether you want to grow, internationalise, digitise or transfer, we are happy to think along with you. Contact us and discover how we can support the growth of your business.