{"id":31105,"date":"2026-08-21T03:30:46","date_gmt":"2026-08-21T01:30:46","guid":{"rendered":"https:\/\/www.accountable.eu\/help-center\/switch-from-np-to-one-person-company\/"},"modified":"2026-08-21T03:30:46","modified_gmt":"2026-08-21T01:30:46","slug":"switch-from-np-to-one-person-company","status":"publish","type":"help_center","link":"https:\/\/www.accountable.eu\/en-be\/help-center\/switch-from-np-to-one-person-company\/","title":{"rendered":"Switch from NP to One-person company"},"content":{"rendered":"<p class=\"no-margin font-inter\">In Belgium, many entrepreneurs start th<\/p>\n<p class=\"no-margin font-inter\">eir activity as a <b>natural person<\/b>. This status is easy to set up, quick to activate, and inexpensive.<br \/>However, as your business grows, it may become beneficial to <b>set up a company (SRL)<\/b>. Doing so can help you better protect your personal assets, optimise your taxation, and structure your business growth.<br \/>\u200b<\/p>\n<p class=\"no-margin font-inter\">This guide walks you through the main steps to switch from a sole trader to a company, and explains how to handle this transition in the Accountable app.<\/p>\n<p class=\"no-margin font-inter\">\n<h1 class=\"font-degular\" id=\"h_6bdc88bf79\"><b>Why switch to a company?<\/b><\/h1>\n<p class=\"no-margin font-inter\">Creating a company can offer several advantages:<\/p>\n<ul>\n<li class=\"font-inter\">\n<p class=\"no-margin font-inter\"><b>Taxes<\/b>: your income is taxed under <b>corporate income tax (ISOC)<\/b>, which is often more favourable than personal income tax (IPP).<\/p>\n<\/li>\n<\/ul>\n<ul>\n<li class=\"font-inter\">\n<p class=\"no-margin font-inter\"><b>Asset protection<\/b>: your liability is generally limited to the company\u2019s capital. In case of debts or disputes, your private assets are better protected.<\/p>\n<\/li>\n<li class=\"font-inter\">\n<p class=\"no-margin font-inter\"><b>Professional image<\/b>: a company strengthens your credibility with clients, banks, and investors, and supports business growth.<\/p>\n<\/li>\n<li class=\"font-inter\">\n<p class=\"no-margin font-inter\"><b>Growth flexibility<\/b>: it becomes easier to hire staff, bring in partners, or expand your activities.<\/p>\n<\/li>\n<\/ul>\n<p class=\"no-margin font-inter\">To explore this further, you can read:<br \/>\u200b<b>What it means to be a one person company or partnership.<\/b><\/p>\n<p class=\"no-margin font-inter\">\n<h1 class=\"font-degular\" id=\"h_8a85cdb584\"><b>What steps are involved?<\/b><\/h1>\n<p class=\"no-margin font-inter\">Switching from a natural person to one-person-company involves several key steps.<br \/>\u200b<\/p>\n<h2 class=\"font-degular\" id=\"h_d17f78fcb6\"><b>Step 1. Prepare a financial plan<\/b><\/h2>\n<p class=\"no-margin font-inter\">Before setting up your company, you must prepare a <b>financial plan covering at least two years<\/b>. It includes projected income, expenses, investments, and financing needs. This document is mandatory for the notary.<\/p>\n<p class=\"no-margin font-inter\">\u2192 At this stage, working with an <b>accountant is essential<\/b><\/p>\n<p class=\"no-margin font-inter\">\n<h2 class=\"font-degular\" id=\"h_2c5575ef6c\"><b>Step 2. Incorporation via a notary<\/b><\/h2>\n<p class=\"no-margin font-inter\">An SRL must be incorporated through a <b>notarial deed<\/b>. This deed defines the company\u2019s articles of association: business purpose, operating rules, share distribution, etc.<\/p>\n<p class=\"no-margin font-inter\">\n<h2 class=\"font-degular\" id=\"h_b2a8d45417\"><b>Step 3. Registration with the BCE and VAT activation<\/b><\/h2>\n<p class=\"no-margin font-inter\">Once the deed is signed, your company is registered with the <b>Crossroads Bank for Enterprises (BCE)<\/b>. You receive a new company number and can activate your VAT number.<\/p>\n<p class=\"no-margin font-inter\">\n<h2 class=\"font-degular\" id=\"h_6662eb6f7c\"><b>Step 4. Closing your natural person activity<\/b><\/h2>\n<p class=\"no-margin font-inter\">If you stop your activity as a natural person, you must:<\/p>\n<ul>\n<li class=\"font-inter\">\n<p class=\"no-margin font-inter\">Deregister from the BCE<\/p>\n<\/li>\n<li class=\"font-inter\">\n<p class=\"no-margin font-inter\">Regularise your tax obligations (VAT, personal income tax, social contributions)<\/p>\n<\/li>\n<\/ul>\n<p class=\"no-margin font-inter\">More information here:<\/p>\n<ul>\n<li class=\"font-inter\">\n<p class=\"no-margin font-inter\"><b>What should I do to close my business?<\/b><\/p>\n<\/li>\n<\/ul>\n<p class=\"no-margin font-inter\"><b>NB <\/b>: You can keep a natural person activity while creating a company (e.g. for occasional consultancy or copyright income).<br \/>Be aware that this means <b>two separate accounting systems and tax obligations<\/b>.<\/p>\n<p class=\"no-margin font-inter\">\n<p class=\"no-margin font-inter\">\n","protected":false},"excerpt":{"rendered":"<p>Discover the key steps to set up a company in Belgium and how to manage the transition smoothly with Accountable.<\/p>\n","protected":false},"featured_media":0,"template":"","help_label":[],"class_list":["post-31105","help_center","type-help_center","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - 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