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Starting, taking over, restructuring a business or ceasing to trade

hub.info, a guide at each stage of your business lifecycle The website info.hub.brussels provides extensive information on how to start, take over, restructure your business or cease to trade.

Everyone with plans to start their own business needs to invest time preparing. As well as the need to secure financing, some administrative and legal matters also have to be taken care of. The main questions you will need to answer are as follows.

Are your plans feasible?

Clearly define your plans and get advice from business start-ups experts before you take the plunge.
To identify your strengths and weaknesses before you start, you need to draw up a business plan. This describes your business, the market, your positioning in relation to competitors, what you want to achieve and how, as well as financial analyses and forecasts.

The choice of legal form depends on several criteria: the type of business, the number of people involved, the financing available, your financial commitments, and the liability you are prepared to take, among other things.

How do you draw up a financial plan?

You will have to forecast your turnover for one or more years. The financial plan enables you to determine with more or less precision whether the revenues your business is expected to generate will cover all your outgoings and even allow you to make a profit. Financers, bankers and administrations need to see your financial plan. You have a legal obligation when you start a business to draw one up and file it with a notary.

What financing is needed?

To start a new business, financial resources are of course necessary. You need to determine how much you can invest in the start-up of your business, what is referred to as your "own funds". In some cases, you will also need external funds.

In addition, you can also find out whether you are eligible for certain subsidies or other financial aid. More information on these is available under the heading "External linkSupport and subsidies" (FR/NL) of the website of Brussels Economy and Employment.

Under the heading "Opens in new window"Subsidies" (FR/NL) of the website info.hub.brussels, you can find an overview of all regional, federal and European support measures and incentives for which you as an entrepreneur may be able to apply.

What are you legally obliged to do?

In most cases, you must have a notarised deed drawn up, with payment of formation charges, covering the costs of publication in Moniteur belge, the official journal of Belgium, and the notary’s fee. For more information see the website of the External linkRoyal Federation of Belgian Notaries (FR/NL).

For all other matters, contact a Guichet d'entreprises. Additional information is also published on the Formalities and obligations page under Setting up as self-employed or a shopkeeper on this website.

The following organisations can help you in the Brussels-Capital Region :

  • hub.info
    Any questions about your business in Brussels? External linkContact us.
    Call 1819 from Monday to Friday from 9am to 1pm and Tuesday from 4pm to 6pm.
    Online: External link Infopoint : Chaussée de Charleroi 110, 1060 Brussels
    Open from Monday to Wednesday from 2pm to 5pm

Contact us

BECI (Brussels Enterprises Commerce and Industry)

Avenue Louise, 500
1050 Brussels

Contact us

IPCF (Institute of Accounting Professionals and Tax Experts)

Avenue Legrand, 45
1050 Brussels
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