From sole proprietorship to BV: €67,000 saved per year

Graphic designerFrom sole proprietorship to BV

Formations · Legal form

€67,000Saved per year
Personal assetsProtected
Tax-neutralConverted

Initial situation: structurally in the top bracket as a self-employed professional

A Belgian graphic designer had worked as a self-employed professional for five years, with revenue growing steadily to €180,000 a year. He was still taxed as a private individual and sat structurally in the top bracket, on top of his social security contributions. His accountant had never told him there was an alternative.

€180,000Revenue
Top bracketTax position
Personal assets unprotectedRisk

Approach: the conversion fully supported

Step 1
Comparison made: the tax position as a sole proprietorship versus a BV calculated.
Step 2
BV incorporated: the company set up and the activities transferred.
Step 3
Articles aligned: the articles of association tailored to his situation.
Step 4
Registration arranged: registration with the KBO and the VAT authorities handled.

Outcome: €67,000 saved per year and personal assets protected

The effective tax burden fell significantly. At his profit level he saves €67,000 a year. On top of that, his personal assets are no longer exposed to business risks.