Belgium BVBA/SARL

Belgium BVBA/SARL

BeslotenVennootschap met BeperkteAansprakelijkheid/ Société Privée à Responsabilité Limitée

Time of Update: 2026-03-31

A Besloten Vennootschap (BV), previously known as Société Privée à Responsabilité Limitée (SPRL) in Belgium, offers limited liability protection and is suitable for small to medium-sized enterprises.

The minimum capital requirement for a BV was abolished with the new Belgian Companies and Associations Code (BCAC) that came into effect in 2019. Instead, the company must have sufficient equity to cover its operations. The incorporation process involves several key steps. First, the company's articles of association must be drafted, detailing the company's objectives, share structure, management, and other essential information. These articles must be signed by all shareholders and notarized. The company must then register with the Belgian Crossroads Bank for Enterprises (CBE).

Once registered, the company must obtain a VAT number from the Belgian tax authorities for tax purposes. The company must also register with local tax authorities and comply with any industry-specific regulations.

A BV in Belgium requires at least one director and one shareholder, who can be individuals or legal entities. There is no requirement for the director to be a resident of Belgium. The company must maintain accurate corporate records, including a register of shareholders and minutes of meetings. Annual financial statements must be prepared and filed with the relevant authorities.

Regular corporate maintenance, including holding annual meetings and keeping accurate records, is mandatory to ensure compliance with Belgian regulations.

Belgium BVBA/SARL Basic Information

Ownership:

Consolidated Ownership

Limited Liability:

See Memo

Publicly Participates In Capital Market:

Negative

Belgium BVBA/SARL Shareholder / Director / Secretary Requirements

Requirements For Shareholders:

At least one

Requirements For Directors ::

1. At least one;
2. At least one director must have a high school diploma and a degree certificate.

Legal Representative Not Mandatory:

Positive

Local Directors Not Mandatory:

Positive

Local Secretaries Not Mandatory:

Positive

Belgium BVBA/SARL Registered Capital Requirement

Minimum Registered Capital Requirement:

1. Starting from 18,550 euros.

Capital Injection Not Required:

See Memo

Capital Injection Requirement:

1. If there is only one shareholder, they must pay two-thirds of the subscribed capital; if there are two or more shareholders, they must pay one-third.
2. If you do not want to verify the capital through cash, you can provide a business plan to the Belgian Chamber of Commerce to prove that the company will not go bankrupt in the next three years.

Belgium BVBA/SARL Memo

Memo:

1. If a company goes bankrupt within three years of its establishment, the court can decide to review the business plan to see if it can be found that the founder is responsible for the insufficient startup capital. In certain cases in Belgium, the founder must be held responsible for the debts of the bankrupt Belgian company.