{"id":8302,"date":"2024-09-23T16:27:39","date_gmt":"2024-09-23T14:27:39","guid":{"rendered":"https:\/\/www.bufiscom.be\/?page_id=8302"},"modified":"2024-09-23T16:27:39","modified_gmt":"2024-09-23T14:27:39","slug":"setting-up-a-company","status":"publish","type":"page","link":"https:\/\/www.bufiscom.be\/en\/setting-up-a-company\/","title":{"rendered":"Setting up a company"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; equal_height=&#8221;yes&#8221; content_placement=&#8221;middle&#8221; bg_type=&#8221;grad&#8221; bg_override=&#8221;ex-full&#8221; bg_grad=&#8221;background: -webkit-gradient(linear, left top, left bottom, color-stop(20%, #D76426), color-stop(100%, #C74118));background: -moz-linear-gradient(top,#D76426 20%,#C74118 100%);background: -webkit-linear-gradient(top,#D76426 20%,#C74118 100%);background: -o-linear-gradient(top,#D76426 20%,#C74118 100%);background: -ms-linear-gradient(top,#D76426 20%,#C74118 100%);background: linear-gradient(top,#D76426 20%,#C74118 100%);&#8221;][vc_column width=&#8221;2\/3&#8243; css=&#8221;.vc_custom_1727094040103{background-image: url(https:\/\/www.bufiscom.be\/wp-content\/uploads\/2024\/09\/bufiscom-creation-societe-start-1.webp?id=8307) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;]<div class=\"ult-spacer spacer-69f19b47c8516\" data-id=\"69f19b47c8516\" data-height=\"400\" data-height-mobile=\"200\" data-height-tab=\"400\" data-height-tab-portrait=\"300\" data-height-mobile-landscape=\"200\" style=\"clear:both;display:block;\"><\/div>[\/vc_column][vc_column css_animation=&#8221;fadeIn&#8221; width=&#8221;1\/3&#8243; css=&#8221;.vc_custom_1544171581753{padding-top: 100px !important;padding-right: 50px !important;padding-bottom: 100px !important;padding-left: 50px !important;background-position: center !important;background-repeat: no-repeat !important;background-size: contain !important;}&#8221;]<div id=\"ultimate-heading-311869f19b47c860b\" class=\"uvc-heading ult-adjust-bottom-margin ultimate-heading-311869f19b47c860b uvc-672 \" data-hspacer=\"no_spacer\"  data-halign=\"left\" style=\"text-align:left\"><div class=\"uvc-heading-spacer no_spacer\" style=\"top\"><\/div><div class=\"uvc-main-heading ult-responsive\"  data-ultimate-target='.uvc-heading.ultimate-heading-311869f19b47c860b h1'  data-responsive-json-new='{\"font-size\":\"desktop:30px;tablet:30px;tablet_portrait:25px;mobile_landscape:25px;mobile:25px;\",\"line-height\":\"desktop:40px;tablet:40px;tablet_portrait:35px;mobile_landscape:35px;mobile:35px;\"}' ><h1 style=\"--font-weight:theme;color:#ffffff;margin-bottom:35px;\">Steps for setting up a company in Belgium<\/h1><\/div><\/div>[\/vc_column][\/vc_row][vc_row bg_type=&#8221;bg_color&#8221; bg_override=&#8221;ex-full&#8221; bg_color_value=&#8221;#eae3d3&#8243;][vc_column width=&#8221;5\/6&#8243; css=&#8221;.vc_custom_1727098326223{background-color: #ffffff !important;}&#8221; el_class=&#8221;custom-shadow custom-gradient&#8221; offset=&#8221;vc_col-lg-offset-1&#8243;][vc_row_inner equal_height=&#8221;yes&#8221;][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1727100957045{padding-top: 25px !important;padding-right: 25px !important;padding-bottom: 25px !important;padding-left: 25px !important;}&#8221;]<strong style=\"font-size: 16px; color: #d76425;\"><span style=\"color: #c6bbb5;\">0<\/span>1.<\/strong><\/p>\n<h2 style=\"font-size: 25px; line-height: 1.2;\"><a href=\"https:\/\/economie.fgov.be\/fr\/themes\/entreprises\/creer-une-entreprise\/demarches-pour-creer-une\/choisir-le-statut-juridique\">Choose a legal status:<\/a> the company is legal entity<\/h2>\n<p><strong>Company : Several legal forms are possible (soci\u00e9t\u00e9 anonyme, soci\u00e9t\u00e9 priv\u00e9e \u00e0 responsabilit\u00e9 limit\u00e9e, soci\u00e9t\u00e9 en nom collectif, etc.)<\/strong><br \/>\nA company is a legal entity (legal persons) represented by individuals (directors).\u00a0 The shareholders are the owners of the company, while the directors, meeting as a Board of Directors, manage the company.<\/p>\n<p><strong>Drawing up a financial plan<\/strong><br \/>\nThis financial plan must include the following information and data: see below specific document[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1727100965326{padding-top: 25px !important;padding-right: 25px !important;padding-bottom: 25px !important;padding-left: 25px !important;}&#8221;]<strong style=\"font-size: 16px; color: #d76425;\"><span style=\"color: #c6bbb5;\">0<\/span>2.<\/strong><\/p>\n<h2 style=\"font-size: 25px; line-height: 1.2;\"><a href=\"https:\/\/economie.fgov.be\/fr\/themes\/entreprises\/creer-une-entreprise\/demarches-pour-creer-une\/louverture-dun-compte-vue\">Open a<\/a> specific <a href=\"https:\/\/economie.fgov.be\/fr\/themes\/entreprises\/creer-une-entreprise\/demarches-pour-creer-une\/louverture-dun-compte-vue\">current account<\/a> (bank) :<\/h2>\n<p>The amount of the contributions provided for in the financial plan must be deposited in this bank account before the deed of incorporation is signed.[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=&#8221;yes&#8221;][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1727100983010{padding-top: 25px !important;padding-right: 25px !important;padding-bottom: 25px !important;padding-left: 25px !important;}&#8221;]<strong style=\"font-size: 16px; color: #d76425;\"><span style=\"color: #c6bbb5;\">0<\/span>3.<\/strong><\/p>\n<h2 style=\"font-size: 25px; line-height: 1.2;\"><a href=\"http:\/\/economie.fgov.be\/fr\/themes\/entreprises\/creer-une-entreprise\/demarches-pour-creer-une\/la-constitution-dune-societe\">Incorporate a company<\/a> by filing and registering a memorandum of association<\/h2>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1727100991811{padding-top: 25px !important;padding-right: 25px !important;padding-bottom: 25px !important;padding-left: 25px !important;}&#8221;]<strong style=\"font-size: 16px; color: #d76425;\"><span style=\"color: #c6bbb5;\">0<\/span>4.<\/strong><\/p>\n<h2 style=\"font-size: 25px; line-height: 1.2;\"><a href=\"http:\/\/economie.fgov.be\/fr\/themes\/entreprises\/creer-une-entreprise\/demarches-pour-creer-une\/demarches-aupres-dun-guichet\">Register your company<\/a> with an approved business centre (\u201cguichet d\u2019entreprise\u201d)<\/h2>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=&#8221;yes&#8221;][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1727101001894{padding-top: 25px !important;padding-right: 25px !important;padding-bottom: 25px !important;padding-left: 25px !important;}&#8221;]<strong style=\"font-size: 16px; color: #d76425;\"><span style=\"color: #c6bbb5;\">0<\/span>5.<\/strong><\/p>\n<h2 style=\"font-size: 25px; line-height: 1.2;\"><a href=\"http:\/\/economie.fgov.be\/fr\/themes\/entreprises\/creer-une-entreprise\/demarches-pour-creer-une\/lidentification-la-tva\">Identify the company for VAT purposes<\/a> and comply with certain obligations in this area<\/h2>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1727101010510{padding-top: 25px !important;padding-right: 25px !important;padding-bottom: 25px !important;padding-left: 25px !important;}&#8221;]<strong style=\"font-size: 16px; color: #d76425;\"><span style=\"color: #c6bbb5;\">0<\/span>6.<\/strong><\/p>\n<h2 style=\"font-size: 25px; line-height: 1.2;\">When hiring staff, the company must be registered with the ONSS (Office National de S\u00e9curit\u00e9 Sociale) and identified to the Pr\u00e9compte Professionnel.<\/h2>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=&#8221;yes&#8221;][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1727101020628{padding-top: 25px !important;padding-right: 25px !important;padding-bottom: 25px !important;padding-left: 25px !important;}&#8221;]<strong style=\"font-size: 16px; color: #d76425;\"><span style=\"color: #c6bbb5;\">0<\/span>7.<\/strong><\/p>\n<h2 style=\"font-size: 25px; line-height: 1.2;\">Workplace accident insurance must be taken out with an insurance company.<\/h2>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1727101031228{padding-top: 25px !important;padding-right: 25px !important;padding-bottom: 25px !important;padding-left: 25px !important;}&#8221;]<strong style=\"font-size: 16px; color: #d76425;\"><span style=\"color: #c6bbb5;\">0<\/span>8.<\/strong><\/p>\n<h2 style=\"font-size: 25px; line-height: 1.2;\">For the manager, he will have to <a href=\"http:\/\/economie.fgov.be\/fr\/themes\/entreprises\/creer-une-entreprise\/demarches-pour-creer-une\/laffiliation-une-caisse\">join a social insurance fund<\/a> for self-employed workers and pay social security contributions\u00a0 (if you have social security cover in another country, you may be able to obtain exemption from paying social security contributions)<\/h2>\n<p>[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_row_inner equal_height=&#8221;yes&#8221;][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1727101039811{padding-top: 25px !important;padding-right: 25px !important;padding-bottom: 25px !important;padding-left: 25px !important;}&#8221;]<strong style=\"font-size: 16px; color: #d76425;\"><span style=\"color: #c6bbb5;\">0<\/span>9.<\/strong><\/p>\n<h2 style=\"font-size: 25px; line-height: 1.2;\"><a href=\"http:\/\/economie.fgov.be\/fr\/themes\/entreprises\/creer-une-entreprise\/demarches-pour-creer-une\/laffiliation-une-mutuelle\">Join a mutual insurance company<\/a> of your choice to benefit from sickness and disability insurance.<\/h2>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner width=&#8221;1\/2&#8243;][vc_column_text css=&#8221;.vc_custom_1727101047905{padding-top: 25px !important;padding-right: 25px !important;padding-bottom: 25px !important;padding-left: 25px !important;}&#8221;]<strong style=\"font-size: 16px; color: #d76425;\">10.<\/strong><\/p>\n<h2 style=\"font-size: 25px; line-height: 1.2;\">If required : <a href=\"https:\/\/economie.fgov.be\/fr\/themes\/entreprises\/creer-une-entreprise\/demarches-pour-creer-une\/identification-la-douane\">register with customs<\/a> and apply for an EORI number<\/h2>\n<p>[\/vc_column_text][\/vc_column_inner][vc_column_inner css=&#8221;.vc_custom_1727100120713{margin-bottom: 80px !important;}&#8221;]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">#default-btn-84f9db24049e712acaa309dc6628229f.ico-right-side > i {\n  margin-right: 0px;\n  margin-left: 8px;\n}\n#default-btn-84f9db24049e712acaa309dc6628229f > i {\n  margin-right: 8px;\n}<\/style><div class=\"btn-align-center\"><a href=\"https:\/\/www.bufiscom.be\/en\/contact\/\" class=\"default-btn-shortcode dt-btn dt-btn-m link-hover-off \" id=\"default-btn-84f9db24049e712acaa309dc6628229f\"><span>Let&#8217;s discuss your project together<\/span><\/a><\/div>[\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content&#8221; equal_height=&#8221;yes&#8221; bg_type=&#8221;bg_color&#8221; el_class=&#8221;custom-zindex&#8221; css=&#8221;.vc_custom_1727100148927{margin-top: 0px !important;margin-bottom: 0px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1544114903104{padding-top: 100px !important;padding-right: 50px !important;padding-bottom: 100px !important;padding-left: 50px !important;}&#8221;][vc_column_text css=&#8221;&#8221;]<\/p>\n<h2><strong>What should the financial plan contain for funding a company according to the \u201cCode des Soci\u00e9t\u00e9s &amp; Associations\u201d new CSA ?<\/strong><\/h2>\n<p>The founders must ensure that, at the time of incorporation, the limited liability company has <strong>equity capital which, taking into account other sources of financing, is sufficient<\/strong> in the light of the planned activity (art. 5:3 of the Companies and Associations Code).<\/p>\n<p>To ensure that this is the case, the founders must draw up a financial plan and submit it to the notary when the company is incorporated.<\/p>\n<p><strong>In this financial plan, the founders justify the amount of the initial equity capital in the light of the company&#8217;s projected activity over a period of at least two years<\/strong><\/p>\n<p>This document is not filed with the deed, but is kept by the notary (art. 5:4, \u00a71, CSA).<\/p>\n<p>The financial plan must include at least the following[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1727096908256{padding-top: 250px !important;background-image: url(https:\/\/www.bufiscom.be\/wp-content\/uploads\/2024\/09\/bufiscom-creation-societe-financial-plan.webp?id=8314) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221; offset=&#8221;vc_hidden-sm vc_hidden-xs&#8221;][\/vc_column][\/vc_row][vc_row equal_height=&#8221;yes&#8221; bg_type=&#8221;grad&#8221; el_class=&#8221;custom-shadow&#8221; bg_grad=&#8221;background: -webkit-gradient(linear, left top, left bottom, color-stop(0%, #4D3B2E), color-stop(100%, #21180E));background: -moz-linear-gradient(top,#4D3B2E 0%,#21180E 100%);background: -webkit-linear-gradient(top,#4D3B2E 0%,#21180E 100%);background: -o-linear-gradient(top,#4D3B2E 0%,#21180E 100%);background: -ms-linear-gradient(top,#4D3B2E 0%,#21180E 100%);background: linear-gradient(top,#4D3B2E 0%,#21180E 100%);&#8221; css=&#8221;.vc_custom_1727100180248{margin-top: 0px !important;padding-top: 50px !important;padding-right: 20px !important;padding-bottom: 50px !important;padding-left: 20px !important;}&#8221; el_id=&#8221;under-row&#8221;][vc_column][vc_column_text css=&#8221;&#8221;]<\/p>\n<h2 style=\"text-align: center;\"><span style=\"color: #ffffff;\">The financial plan must include at least the following:<\/span><\/h2>\n<p>[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243;]<div class=\"aio-icon-component  vc_custom_1727101392831   style_1\"><div id=\"Info-box-wrap-9510\" class=\"aio-icon-box left-icon\" style=\"\"  ><div class=\"aio-icon-left\"><div class=\"ult-just-icon-wrapper  \"><div class=\"align-icon\" style=\"text-align:center;\">\n<div class=\"aio-icon-img \" style=\"font-size:50px;display:inline-block;\" >\n\t<img decoding=\"async\" class=\"img-icon\" alt=\"null\" src=\"https:\/\/www.bufiscom.be\/wp-content\/uploads\/2024\/09\/icon_1.png\"\/>\n<\/div><\/div><\/div><\/div><div class=\"aio-ibd-block\"><div class=\"aio-icon-header\" ><h3 class=\"aio-icon-title ult-responsive\"  data-ultimate-target='#Info-box-wrap-9510 .aio-icon-title'  data-responsive-json-new='{\"font-size\":\"desktop:18px;\",\"line-height\":\"desktop:28px;\"}'  style=\"color:#ffffff;\">a precise description of the planned activity<\/h3><\/div> <!-- header --><\/div> <!-- aio-ibd-block --><\/div> <!-- aio-icon-box --><\/div> <!-- aio-icon-component --><div class=\"aio-icon-component  vc_custom_1727101582782   style_1\"><div id=\"Info-box-wrap-2481\" class=\"aio-icon-box left-icon\" style=\"\"  ><div class=\"aio-icon-left\"><div class=\"ult-just-icon-wrapper  \"><div class=\"align-icon\" style=\"text-align:center;\">\n<div class=\"aio-icon-img \" style=\"font-size:50px;display:inline-block;\" >\n\t<img decoding=\"async\" class=\"img-icon\" alt=\"null\" src=\"https:\/\/www.bufiscom.be\/wp-content\/uploads\/2024\/09\/icon_3.png\"\/>\n<\/div><\/div><\/div><\/div><div class=\"aio-ibd-block\"><div class=\"aio-icon-header\" ><h3 class=\"aio-icon-title ult-responsive\"  data-ultimate-target='#Info-box-wrap-2481 .aio-icon-title'  data-responsive-json-new='{\"font-size\":\"desktop:18px;\",\"line-height\":\"desktop:28px;\"}'  style=\"color:#ffffff;\">an opening balance sheet drawn up in accordance with the schedule referred to in Article 3:3, as well as projected balance sheets after twelve and twenty-four months<\/h3><\/div> <!-- header --><\/div> <!-- aio-ibd-block --><\/div> <!-- aio-icon-box --><\/div> <!-- aio-icon-component --><div class=\"aio-icon-component  vc_custom_1727101602879   style_1\"><div id=\"Info-box-wrap-6701\" class=\"aio-icon-box left-icon\" style=\"\"  ><div class=\"aio-icon-left\"><div class=\"ult-just-icon-wrapper  \"><div class=\"align-icon\" style=\"text-align:center;\">\n<div class=\"aio-icon-img \" style=\"font-size:50px;display:inline-block;\" >\n\t<img decoding=\"async\" class=\"img-icon\" alt=\"null\" src=\"https:\/\/www.bufiscom.be\/wp-content\/uploads\/2024\/09\/icon_5.png\"\/>\n<\/div><\/div><\/div><\/div><div class=\"aio-ibd-block\"><div class=\"aio-icon-header\" ><h3 class=\"aio-icon-title ult-responsive\"  data-ultimate-target='#Info-box-wrap-6701 .aio-icon-title'  data-responsive-json-new='{\"font-size\":\"desktop:18px;\",\"line-height\":\"desktop:28px;\"}'  style=\"color:#ffffff;\">a projected income and expenditure budget for a period of at least two years from incorporation<\/h3><\/div> <!-- header --><\/div> <!-- aio-ibd-block --><\/div> <!-- aio-icon-box --><\/div> <!-- aio-icon-component --><div class=\"aio-icon-component  vc_custom_1727101622903   style_1\"><div id=\"Info-box-wrap-7180\" class=\"aio-icon-box left-icon\" style=\"\"  ><div class=\"aio-icon-left\"><div class=\"ult-just-icon-wrapper  \"><div class=\"align-icon\" style=\"text-align:center;\">\n<div class=\"aio-icon-img \" style=\"font-size:50px;display:inline-block;\" >\n\t<img decoding=\"async\" class=\"img-icon\" alt=\"null\" src=\"https:\/\/www.bufiscom.be\/wp-content\/uploads\/2024\/09\/icon_7.png\"\/>\n<\/div><\/div><\/div><\/div><div class=\"aio-ibd-block\"><div class=\"aio-icon-header\" ><h3 class=\"aio-icon-title ult-responsive\"  data-ultimate-target='#Info-box-wrap-7180 .aio-icon-title'  data-responsive-json-new='{\"font-size\":\"desktop:18px;\",\"line-height\":\"desktop:28px;\"}'  style=\"color:#ffffff;\">where applicable, the name of the external expert who assisted in drawing up the financial plan\u2019 (art. 5:4, \u00a72 CSA)<\/h3><\/div> <!-- header --><\/div> <!-- aio-ibd-block --><\/div> <!-- aio-icon-box --><\/div> <!-- aio-icon-component -->[\/vc_column][vc_column width=&#8221;1\/2&#8243;]<div class=\"aio-icon-component  vc_custom_1727101571671   style_1\"><div id=\"Info-box-wrap-1483\" class=\"aio-icon-box left-icon\" style=\"\"  ><div class=\"aio-icon-left\"><div class=\"ult-just-icon-wrapper  \"><div class=\"align-icon\" style=\"text-align:center;\">\n<div class=\"aio-icon-img \" style=\"font-size:50px;display:inline-block;\" >\n\t<img decoding=\"async\" class=\"img-icon\" alt=\"null\" src=\"https:\/\/www.bufiscom.be\/wp-content\/uploads\/2024\/09\/icon_2.png\"\/>\n<\/div><\/div><\/div><\/div><div class=\"aio-ibd-block\"><div class=\"aio-icon-header\" ><h3 class=\"aio-icon-title ult-responsive\"  data-ultimate-target='#Info-box-wrap-1483 .aio-icon-title'  data-responsive-json-new='{\"font-size\":\"desktop:18px;\",\"line-height\":\"desktop:28px;\"}'  style=\"color:#ffffff;\">an overview of all sources of financing at the time of incorporation, including, where applicable, a reference to the guarantees provided in this respect<\/h3><\/div> <!-- header --><\/div> <!-- aio-ibd-block --><\/div> <!-- aio-icon-box --><\/div> <!-- aio-icon-component --><div class=\"aio-icon-component  vc_custom_1727101592618   style_1\"><div id=\"Info-box-wrap-1539\" class=\"aio-icon-box left-icon\" style=\"\"  ><div class=\"aio-icon-left\"><div class=\"ult-just-icon-wrapper  \"><div class=\"align-icon\" style=\"text-align:center;\">\n<div class=\"aio-icon-img \" style=\"font-size:50px;display:inline-block;\" >\n\t<img decoding=\"async\" class=\"img-icon\" alt=\"null\" src=\"https:\/\/www.bufiscom.be\/wp-content\/uploads\/2024\/09\/icon_4.png\"\/>\n<\/div><\/div><\/div><\/div><div class=\"aio-ibd-block\"><div class=\"aio-icon-header\" ><h3 class=\"aio-icon-title ult-responsive\"  data-ultimate-target='#Info-box-wrap-1539 .aio-icon-title'  data-responsive-json-new='{\"font-size\":\"desktop:18px;\",\"line-height\":\"desktop:28px;\"}'  style=\"color:#ffffff;\">a projected profit and loss account after twelve and twenty-four months, drawn up in accordance with the schedule referred to in Article 3:3<\/h3><\/div> <!-- header --><\/div> <!-- aio-ibd-block --><\/div> <!-- aio-icon-box --><\/div> <!-- aio-icon-component --><div class=\"aio-icon-component  vc_custom_1727101613420   style_1\"><div id=\"Info-box-wrap-3158\" class=\"aio-icon-box left-icon\" style=\"\"  ><div class=\"aio-icon-left\"><div class=\"ult-just-icon-wrapper  \"><div class=\"align-icon\" style=\"text-align:center;\">\n<div class=\"aio-icon-img \" style=\"font-size:50px;display:inline-block;\" >\n\t<img decoding=\"async\" class=\"img-icon\" alt=\"null\" src=\"https:\/\/www.bufiscom.be\/wp-content\/uploads\/2024\/09\/icon_6.png\"\/>\n<\/div><\/div><\/div><\/div><div class=\"aio-ibd-block\"><div class=\"aio-icon-header\" ><h3 class=\"aio-icon-title ult-responsive\"  data-ultimate-target='#Info-box-wrap-3158 .aio-icon-title'  data-responsive-json-new='{\"font-size\":\"desktop:18px;\",\"line-height\":\"desktop:28px;\"}'  style=\"color:#ffffff;\">a description of the assumptions used in estimating projected turnover and profitability<\/h3><\/div> <!-- header --><\/div> <!-- aio-ibd-block --><\/div> <!-- aio-icon-box --><\/div> <!-- aio-icon-component -->[\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content&#8221; equal_height=&#8221;yes&#8221; bg_type=&#8221;bg_color&#8221; el_class=&#8221;custom-zindex&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1727100650429{padding-top: 250px !important;background-image: url(https:\/\/www.bufiscom.be\/wp-content\/uploads\/2024\/09\/bufiscom-creation-societe-Legal-liability.webp?id=8345) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221;][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1544114903104{padding-top: 100px !important;padding-right: 50px !important;padding-bottom: 100px !important;padding-left: 50px !important;}&#8221;][vc_column_text css=&#8221;&#8221;]<em>This obligation is not trivial, since the founders are jointly and severally liable \u2018for the company&#8217;s commitments, in the proportion determined by the court, in the event of bankruptcy declared within three years of the acquisition of legal personality, if the initial equity capital was, at the time of incorporation, manifestly insufficient to ensure the normal conduct of the planned business for a period of at least two years. In this case, the notary shall submit to the court, at the request of the official receiver or the public prosecutor, the financial plan prescribed pursuant to article 5:4\u2019 (art. 5:16, 2\u00b0, CSA).<\/em>[\/vc_column_text][\/vc_column][\/vc_row][vc_row full_width=&#8221;stretch_row_content&#8221; equal_height=&#8221;yes&#8221; bg_type=&#8221;bg_color&#8221; el_class=&#8221;custom-zindex&#8221; css=&#8221;.vc_custom_1727100148927{margin-top: 0px !important;margin-bottom: 0px !important;}&#8221;][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1544114903104{padding-top: 100px !important;padding-right: 50px !important;padding-bottom: 100px !important;padding-left: 50px !important;}&#8221;][vc_column_text css=&#8221;&#8221;]Given that the founders can be held liable in the event of bankruptcy within the first 3 years of setting up the company, we draw up our financial plans not just for a 24-month period but for the first 3 years.<\/p>\n<p>A cash flow analysis is also carried out to ensure that the capital made available will be sufficient to meet the company&#8217;s needs.[\/vc_column_text][\/vc_column][vc_column width=&#8221;1\/2&#8243; css=&#8221;.vc_custom_1727100875567{padding-top: 250px !important;background-image: url(https:\/\/www.bufiscom.be\/wp-content\/uploads\/2024\/09\/bufiscom-creation-societe-financial-plan2.webp?id=8347) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}&#8221; offset=&#8221;vc_hidden-sm vc_hidden-xs&#8221;][\/vc_column][\/vc_row][vc_row css=&#8221;.vc_custom_1549532694568{margin-top: 80px !important;margin-bottom: 80px !important;}&#8221;][vc_column][vc_column_text css=&#8221;&#8221;]<\/p>\n<div class=\"wpb_text_column wpb_content_element vc_custom_1549532079613\">\n<div class=\"wpb_wrapper\">\n<h3 style=\"text-align: center;\">Let&#8217;s work together to draw up your financial plan: this will serve as a guideline for monitoring the project.<\/h3>\n<\/div>\n<\/div>\n<p>[\/vc_column_text]<style type=\"text\/css\" data-type=\"the7_shortcodes-inline-css\">#default-btn-84f9db24049e712acaa309dc6628229f.ico-right-side > i {\n  margin-right: 0px;\n  margin-left: 8px;\n}\n#default-btn-84f9db24049e712acaa309dc6628229f > i {\n  margin-right: 8px;\n}<\/style><div class=\"btn-align-center\"><a href=\"https:\/\/www.bufiscom.be\/en\/contact\/\" class=\"default-btn-shortcode dt-btn dt-btn-m link-hover-off \" id=\"default-btn-84f9db24049e712acaa309dc6628229f\"><span>Contact us<\/span><\/a><\/div>[\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row full_width=&#8221;stretch_row_content_no_spaces&#8221; 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