The SME e-wallet (KMO-portefeuille) is a subsidy from the Flemish government, managed by VLAIO. It pays part of the cost of a training you buy from a registered service provider.
You don't receive the subsidy in your bank account. Instead, you pay your own share into your SME e-wallet, VLAIO adds the subsidy, and the wallet pays the provider.
The subsidy is calculated on the training cost excluding VAT and depends on the size of your business:
Small enterprise: 30% of the training cost excl. VAT
Medium-sized enterprise: 20% of the training cost excl. VAT
Cybersecurity and energy efficiency: 45% for small enterprises and 35% for medium-sized enterprises
Maximum: €7,500 in support per year
A small enterprise has fewer than 50 employees and an annual turnover or a balance sheet total of no more than €10 million. As a self-employed person, you'll almost always fall into this category.
ℹ️ VAT is never subsidised. You always pay the VAT on the invoice yourself, directly to the provider.
You can apply if you meet the following conditions:
Your business is established in the Flemish Region.
You're self-employed as a sole proprietor (natural person).
The training covers one of the eight eligible themes: business strategy, professional skills, digitalisation, sustainability, financial literacy, innovation, internationalisation or HR management.
The training costs at least €100 excluding VAT.
Not sure if you qualify? [Check all eligibility conditions here.]
How do you apply? You apply for the SME e-wallet directly through VLAIO, not through Accountable. VLAIO sets a deadline linked to the start date of the training so make sure you apply on time.
Find out how to apply on the VLAIO website .
You record a KMO-portefeuille training in two steps.
The provider's invoice goes in as a normal expense, for the full amount.
The subsidy goes in separately as income.
Go to Expenses and add the provider's invoice. Fill in:
Category: Training and documentation
Amount: the full invoice amount (€1,000)
VAT rate on the expense: the rate on the invoice. For 0%, choose The item is exempt from VAT or not taxable as the reason.
🔗 Linking your bank payment
Link the payment of your own share (€700) to the expense. Paid VAT to the provider? Link that payment as well. The expense will stay partially matched (€700 of €1,000), because the subsidy never passes through your bank account. That's normal.
Go to Revenues, click the three dots at the top right and select Add non-invoice revenue. Fill in:
Name: Example SME e-wallet subsidy – 2026KMO000001
Category: Taxable subsidy
Amount: the subsidy (€300)
Attach your proof: a screenshot of your project in the SME e-wallet or the confirmation email. The KMO-portefeuille doesn't issue invoices.
Support from the SME e-wallet is taxable income. This method keeps both sides visible:
The full training cost is recorded as a professional expense.
The subsidy is recorded as taxable income.
Your profit ends up reflecting what the training really cost you (€700).
⚠️ Important: The SME e-wallet subsidy is being discontinued
In its September Statement, the Flemish Government decided to discontinue the SME portfolio. From 1 January 2027, you will no longer be able to receive subsidies for training or consultancy through this scheme.
The 2026 budget has already been exhausted, so new applications are no longer possible. Do you have an ongoing application? You can still complete the process until 31 December 2027.
💡 Good to know
Training related to your professional activity remains tax-deductible.
Still have questions? We're always here to help in the chat 😊
Author - Valesca Wilms
As content marketing lead at Accountable Belgium, Valesca writes about freelancing, self-employment, and taxes based on her own experience as a freelancer.
Who is Valesca ?Thank you for your feedback!
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