Starting a new professional adventure can be exciting, but it also raises many questions, especially about the costs involved. Whether you’re opting for a secondary activity, a primary independent activity, or creating a company, here’s a detailed analysis to help you understand the associated costs and plan your budget effectively.
Becoming self-employed: a cost-effective start
For those launching as self-employed, either as a primary or complementary activity, the financial barrier to entry is relatively low. The initial steps involve:
- Registering a business number with the Crossroads Bank for Enterprises (CBE): This essential step costs €109 (no VAT is applied). You can apply through any accredited business counter.
- Activating a VAT number: If your activity requires VAT registration, this adds €60–€65, plus 21% VAT. This process is completed through the same business counter of your choice.
Altogether, the startup costs range between €109 and €190, making this option accessible for testing ideas or projects without significant financial risk.
While these costs are modest, it’s wise to budget for other ongoing expenses, such as quarterly social security contributions and the tools necessary for your business operations.
Creating a company: a more substantial investment
If you prefer a more structured approach by creating a company, such as an SRL (Private Limited Company or Société à Responsabilités Limitées in French), the initial costs are higher. Here’s what to expect:
- The financial plan and setup with an accountant: For an SRL, a financial plan is mandatory. This document, prepared with the help of an accountant, demonstrates the viability of your project. Depending on the level of support, fees can range from a few hundred euros to €1,500, excluding VAT. This fee often includes setting up your remuneration as a company director and everything you need to start.
- Notarized deed: Creating an SRL requires going through a notary to draft the company statutes and formalize its creation. This step costs between €800 and €1,200, excluding VAT.
- Publication in the Moniteur Belge: Once the constitutive act is validated, it must be published. Depending on whether you use an electronic or paper format, the costs range from €224.70 to €278.20, excluding VAT.
- Registration and VAT activation: As with individual activities, registration with the BCE and VAT activation cost €109 (no VAT is applied) and €60–€65 (excluding VAT), respectively.
In total, the cost to create an SRL ranges between €1,500 and €3,000. While this amount may seem high, it’s part of a process that provides better protection for your personal assets, thanks to the limited liability this status offers.
Société en Commandite (SComm): a cheaper alternative
For those seeking a simpler and less expensive option, a Société en Commandite (SComm) might be a good fit. This structure doesn’t require notarization, significantly lowering startup costs.
However, the SComm comes with increased risk, as the managing partner is personally liable for the company’s debts. This setup is often suitable for consultants or service providers willing to trade formalities for increased responsibility.
Why invest in these steps?
Beyond the costs, each legal structure has its advantages and disadvantages. Becoming self-employed allows you to test an activity with limited expenses and simplified administrative management. On the other hand, creating a company like an SRL offers better protection and can facilitate collaborations or fundraising efforts.
Many self-employed individuals start with a primary independent activity before transitioning to a company structure once their business is more stable.
If you’re unsure which option is best for you, feel free to book a free 30-minute call with me or consult an accountant or specialized advisor to analyze your situation and objectives.
Cost recap
- Self-employed (complementary or primary): €109 to €190
- SRL creation: €1,500 to €3,000
- SComm: Less expensive due to no notary fees, but with increased personal liability
Starting a business is an investment—not just financially but also in terms of time and effort. By understanding the steps and anticipating costs, you can set yourself up for success.
Remember: every big project starts with a single step.
written by Thimothée Remy
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