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MICROSTART

Active Risk: not assessed
Cooperative companyfounded 201016 yrs activeKantersteen 12, 1000 Brussel, BelgiumKBO/BCE: BE 0829.081.071
Summary

MICROSTART is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €38,625 and a net result of -€1.8m. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 5% of 2413 sector peers (fiscal year 2025). The company has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals

Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 2413 sector peers (2025).
NBB · sector comparison
Position among 2413 sector peers
Solvency
better than 5%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 05-06-2026, 56 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
56 d early
2024
51 d early
2023
54 d early
2022
23 d late
2021
24 d late
2020
31 d late
2019
207 d late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 September 2010, MICROSTART was incorporated by Association pour le Droit à l'Initiative Economique International, FORTIS BANK and GENFINANCE INTERNATIONAL, with a starting capital of EUR 100,000.12 Since 2010 the registered office has moved 4 times, most recently to Bruxelles in 2026.34 The capital was increased 8 times between 2011 and 2021.567 Of the 9 current board members, Sébastien L'Aot has served longest, since 2019.8 Total assets went from EUR 12 million in 2018 to EUR 14 million in 2025 and headcount from 19.7 to 19.7 full-time equivalents.9

  1. 1Crossroads Bank for Enterprises
  2. 2Belgian State Gazette, 17-09-2010
  3. 3Belgian State Gazette, 18-11-2010
  4. 4Belgian State Gazette, 05-08-2026
  5. 5Belgian State Gazette, 31-03-2011
  6. 6Belgian State Gazette, 19-03-2020
  7. 7Belgian State Gazette, 02-06-2021
  8. 8Belgian State Gazette, 06-07-2023
  9. 9National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, full schema

Equity
€38,625▼ 98.0%
2024 · €1.9m
Net result
-€1.8m▼ 122%
2024 · -€833,045
Total assets
€14.4m▼ 10.6%
2024 · €16.1m
Solvency
0.3%▼ 11.5pp
2024 · 11.7%
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Turnover€1.2m€1.2m▲ 0.9%€1.3m▲ 4.3%€1.3m▲ 1.9%
Operating result-€67,867▲ 90.9%-€811,280▼ 1,095%-€919,856▼ 13.4%-€341,260▲ 62.9%-€1.3m▼ 291%
Net result-€285,680▲ 70.8%-€1.1m▼ 278%-€1.3m▼ 16.9%-€833,045▲ 33.9%-€1.8m▼ 122%
Equity€1.9m▲ 413%€1.9m▲ 1.7%€1.7m▼ 7.6%€1.9m▲ 8.0%€38,625▼ 98.0%
Total assets€15.1m▲ 16.5%€16.6m▲ 9.7%€16.1m▼ 2.8%€16.1m▲ 0.1%€14.4m▼ 10.6%
Debt€13.2m▲ 5.1%€14.7m▲ 10.8%€14.3m▼ 2.2%€14.2m▼ 0.8%€14.4m▲ 1.1%
Working capital€10.4m▲ 24.1%€11.9m▲ 13.7%€11.0m▼ 7.1%€10.9m▼ 1.1%€9.6m▼ 12.0%
Solvency12.3%▲ 9.5pp11.4%▼ 0.9pp10.9%▼ 0.6pp11.7%▲ 0.9pp0.3%▼ 11.5pp
Staff (FTE)17.7▼ 13.2%19.5▲ 10.2%23.4▲ 20.0%21.9▼ 6.4%19.7▼ 10.0%
Why a figure moved sharply
  • 2025 Net result -122%, Equity -98% on 2024. Cause not known from the registers.
  • 2022 Net result -278% on 2021. Cause not known from the registers.
  • 2021 Net result +71% on 2020. Cause not known from the registers.
  • 2021 Equity +413% on 2020. Capital increase of €1,094,000 (Official Gazette 02-06-2021).
Result per fiscal year
Operating resultNet result
-€2.0m-€1.5m-€1.0m-€500,000€0Operating result 2021: -€67,867-€67,867Net result 2021: -€285,680-€285,680Operating result 2022: -€811,280-€811,280Net result 2022: -€1.1m-€1.1mOperating result 2023: -€919,856-€919,856Net result 2023: -€1.3m-€1.3mOperating result 2024: -€341,260-€341,260Net result 2024: -€833,045-€833,045Operating result 2025: -€1.3m-€1.3mNet result 2025: -€1.8m-€1.8m20212022202320242025-€2m-€1.5m-€1m-€500,000€0Operating result 2023: -€919,856-€920,000Net result 2023: -€1.3m-€1.3mOperating result 2024: -€341,260-€341,000Net result 2024: -€833,045-€833,000Operating result 2025: -€1.3m-€1.3mNet result 2025: -€1.8m-€1.8m202320242025
The operating result stays negative: a loss of €1.3m in 2025 against €341,260 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €14.4m
Fixed assets €23,146 ▼ 39.7%
Current assets €14.4m ▼ 10.5%
Equity and liabilities €14.4m
Equity €38,625 ▼ 98.0%
Debt €14.4m ▲ 1.1%
Debt's share of the balance-sheet total rises from 88.3% to 99.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
ROA
-12.8%▼
2024 · -5.2%
Debt ≤ 1 year
€4.8m▼
2024 · €5.2m
Debt > 1 year
€9.6m▲
2024 · €9.1m
Staff costs
€1.5m▼
2024 · €1.6m
A ratio outside any meaningful range has been withheld (balance sheet total €14.4m, equity €38,625).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 55 lines
Balance sheet Code20242025
Assets
Total assets20/58€16.1m€14.4m▼
Formation expenses20€0€0=
Fixed assets21/28€38,370€23,146▼
Intangible fixed assets21€725€3,900▲
Tangible fixed assets22/27€33,759€7,800▼
Furniture and vehicles24€14,062€7,800▼
Other tangible fixed assets26€19,697-
Financial fixed assets28€3,886€11,446▲
Current assets29/58€16.1m€14.4m▼
Amounts receivable after more than one year29€7.6m€7.6m▲
Trade receivables290€7.5m€7.2m▼
Other amounts receivable291€45,000€422,000▲
Amounts receivable within one year40/41€3.4m€3.0m▼
Trade receivables40€3.2m€2.9m▼
Other amounts receivable41€281,765€160,644▼
Cash at bank and in hand54/58€5.0m€3.7m▼
Deferred charges and accrued income490/1€39,942€57,188▲
Equity and liabilities
Total equity and liabilities10/49€16.1m€14.4m▼
Equity10/15€1.9m€38,625▼
Contributions10/11€4.0m€1.9m▼
Profit (loss) carried forward14-€2.1m-€1.8m▲
Amounts payable17/49€14.2m€14.4m▲
Amounts payable after more than one year17€9.1m€9.6m▲
Financial debts170/4€9.0m€9.5m▲
Other amounts payable178/9€72,750€79,825▲
Amounts payable within one year42/48€5.2m€4.8m▼
Current portion of amounts payable after more than one year42€4.8m€4.5m▼
Trade debts44€144,666€161,679▲
Suppliers440/4€144,666€161,679▲
Taxes, remuneration and social security45€211,945€170,522▼
Taxes450/3€149-
Remuneration and social security454/9€211,796€170,522▼
Other amounts payable47/48€0-
Income statement Code20242025
Turnover70€1.3m€1.3m▲
Non-recurring operating income76A€22,996-
Goods, raw materials, services and sundry goods60/61€465,271€719,348▲
Remuneration, social security and pensions62€1.6m€1.5m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,270€12,847▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€375,422€243,231▲
Other operating charges640/8€1.3m€1.4m▲
Non-recurring operating charges66A€61€1,166▲
Gross operating margin9900€2.2m€1.9m▼
Operating profit (loss)9901-€341,260-€1.3m▼
Financial income75/76B€9,236€27,828▲
Recurring financial income75€9,236€27,828▲
Financial charges65/66B€501,021€544,027▲
Recurring financial charges65€501,021€544,027▲
Non-recurring financial charges66B€0€0=
Profit (loss) for the period before taxes9903-€833,045-€1.8m▼
Profit (loss) for the period9904-€833,045-€1.8m▼
Profit (loss) for the period to be appropriated9905-€833,045-€1.8m▼
Appropriation of the result
Profit (loss) to be appropriated9906-€11.9m-€3.9m▲
Profit (loss) brought forward from the previous period14P-€11.0m-€2.1m▲
Transfer from equity791/2€9.8m€2.1m▼
Social balance
Average headcount (FTE)908721.919.7▼

The notes to these accounts (17 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Turnover70-€1.2m€1.2m€1.3m€1.3m▲ 1.9%
Non-recurring operating income76A€267€1,292€363,349€22,996--
Goods, raw materials, services and sundry goods60/61-€633,578€581,672€465,271€719,348▲ 54.6%
Remuneration, social security and pensions62€959,632€1.0m€1.5m€1.6m€1.5m▼ 8.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€54,202€48,270€29,151€17,270€12,847▼ 25.6%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€335,251€314,162€618,733-€375,422€243,231▲ 165%
Other operating charges640/8€976,152€889,660€1.0m€1.3m€1.4m▲ 12.5%
Non-recurring operating charges66A-€2,475€0€61€1,166▲ 1,811%
Gross operating margin9900€1.6m€1.5m€2.2m€2.2m€1.9m▼ 16.1%
Operating profit (loss)9901-€67,867-€811,280-€919,856-€341,260-€1.3m▼ 291%
Financial income75/76B-€11,790€31,568€9,236€27,828▲ 201%
Recurring financial income75-€11,790€31,568€9,236€27,828▲ 201%
Financial charges65/66B€217,813€278,976€372,557€501,021€544,027▲ 8.6%
Recurring financial charges65€217,813€257,241€353,275€501,021€544,027▲ 8.6%
Non-recurring financial charges66B-€21,735€19,282€0€0-
Profit (loss) for the period before taxes9903-€285,680-€1.1m-€1.3m-€833,045-€1.8m▼ 122%
Profit (loss) for the period9904-€285,680-€1.1m-€1.3m-€833,045-€1.8m▼ 122%
Profit (loss) for the period to be appropriated9905-€285,680-€1.1m-€1.3m-€833,045-€1.8m▼ 122%
Line20212022202320242025Change
Assets
Total assets20/58€15.1m€16.6m€16.1m€16.1m€14.4m▼ 10.6%
Formation expenses20--€0€0€0-
Fixed assets21/28€89,532€79,757€48,367€38,370€23,146▼ 39.7%
Intangible fixed assets21€38,661€26,305€4,792€725€3,900▲ 438%
Tangible fixed assets22/27€47,685€49,566€39,689€33,759€7,800▼ 76.9%
Furniture and vehicles24€12,709€17,151€16,244€14,062€7,800▼ 44.5%
Other tangible fixed assets26€34,976€32,415€23,445€19,697--
Financial fixed assets28€3,186€3,886€3,886€3,886€11,446▲ 195%
Current assets29/58€15.0m€16.5m€16.0m€16.1m€14.4m▼ 10.5%
Amounts receivable after more than one year29€7.8m€8.5m€8.2m€7.6m€7.6m▲ 0.7%
Trade receivables290€7.8m€7.9m€8.0m€7.5m€7.2m▼ 4.3%
Other amounts receivable291-€584,000€200,000€45,000€422,000▲ 838%
Amounts receivable within one year40/41€4.6m€4.0m€3.5m€3.4m€3.0m▼ 12.4%
Trade receivables40€4.0m€3.9m€3.0m€3.2m€2.9m▼ 9.7%
Other amounts receivable41€539,772€179,825€531,646€281,765€160,644▼ 43.0%
Cash at bank and in hand54/58€2.6m€4.0m€4.3m€5.0m€3.7m▼ 26.6%
Deferred charges and accrued income490/1€35,559€11,208€48,709€39,942€57,188▲ 43.2%
Equity and liabilities
Total equity and liabilities10/49€15.1m€16.6m€16.1m€16.1m€14.4m▼ 10.6%
Equity10/15€1.9m€1.9m€1.7m€1.9m€38,625▼ 98.0%
Contributions10/11€10.6m€11.7m€12.8m€4.0m€1.9m▼ 52.6%
Capital10€10.6m-----
Issued capital100€10.6m-----
Profit (loss) carried forward14-€8.7m-€9.8m-€11.0m-€2.1m-€1.8m▲ 11.7%
Amounts payable17/49€13.2m€14.7m€14.3m€14.2m€14.4m▲ 1.1%
Amounts payable after more than one year17€8.7m€10.1m€9.3m€9.1m€9.6m▲ 5.8%
Financial debts170/4€8.7m€10.1m€9.3m€9.0m€9.5m▲ 5.7%
Other amounts payable178/9--€13,250€72,750€79,825▲ 9.7%
Amounts payable within one year42/48€4.6m€4.6m€5.0m€5.2m€4.8m▼ 7.2%
Current portion of amounts payable after more than one year42€4.3m€4.1m€4.6m€4.8m€4.5m▼ 7.2%
Trade debts44€175,103€327,456€255,294€144,666€161,679▲ 11.8%
Suppliers440/4€175,103€327,456€255,294€144,666€161,679▲ 11.8%
Taxes, remuneration and social security45€99,078€135,584€169,015€211,945€170,522▼ 19.5%
Taxes450/3€6,054€3,859€2,470€149--
Remuneration and social security454/9€93,024€131,725€166,545€211,796€170,522▼ 19.5%
Other amounts payable47/48€134-€223€0--
Line20212022202320242025Change
Profit (loss) for the period9904-€285,680-€1.1m-€1.3m-€833,045-€1.8m▼ 122%
+ Depreciation and write-downs630€54,202€48,270€29,151€17,270€12,847▼ 25.6%
Operating cash flow (approximation)-€231,478-€1.0m-€1.2m-€815,775-€1.8m▼ 125%
Investment in fixed assets (approximation)--€38,495€2,239-€7,273€2,377▲ 133%
Change in cash-€1.4m€288,602€731,117-€1.3m▼ 281%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
07-09
State Gazette act Resignations: Laure Coussirat-Coustère (director) and Louis De Cannière (director)
Appointment: Caroline Brandt (director) · Reappointment: Patrick Somerhausens (director) · Registered-office move6 facts ▸
  • General meeting, 04-06-2026
  • Director resignation, Laure Coussirat-Coustère (director)
  • Director appointment, Caroline Brandt (director)
  • Director resignation, Louis De Cannière (director)
  • Director reappointment, Patrick Somerhausens (director)
  • Registered-office move, BeCentral, Cantersteen 12, 1000 Bruxelles
05-08
State Gazette act Reappointment: Patrick Somerhausen (director)
Permanent representatives: Caroline Brandt and Laure Coussirat-Coustère · Resignation: Louis De Cannière (director) · Registered-office move6 facts ▸
  • General meeting, 04-06-2026
  • Registered-office move, Cantersteen 12 1000 Bruxelles
  • Director reappointment, Patrick Somerhausen (director)
  • Permanent representative, Caroline Brandt (permanent representative)
  • Permanent representative, Laure Coussirat-Coustère (permanent representative)
  • Director resignation, Louis De Cannière (director)
05-06
NBB filing Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial Weakest financial yearnet -€1.8m
Net result drops to -€1.8m, the lowest in the series.
28-10
State Gazette act Resignation: Anne-France Simon (director)
Appointment: Els Van Zele (director) · Reappointments: Carine De Nys (director) and Jan Heyvaert (director)5 facts ▸
  • General meeting, 05/06/2025
  • Director resignation, Anne-France Simon (director)
  • Director appointment, Els Van Zele (director)
  • Director reappointment, Carine De Nys (director)
  • Director reappointment, Jan Heyvaert (director)
10-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
12-08
State Gazette act Resignations: Olivier Delval, Sébastian L'Aot and 3 others
Appointments: Bruno Debuysscher, Guido Busseniers and 2 others11 facts ▸
  • General meeting, 06/06/2024
  • Director resignation, Olivier Delval (director)
  • Director resignation, Sébastian L'Aot (director)
  • Director resignation, Michel Halet (director)
  • Director appointment, Bruno Debuysscher (director)
  • Director resignation, Valérie Beeckmans (administrateur et présidente du comité d'audit et des risques)
  • Director resignation, Olivier Brissaud (représentant de microstart asbl au sein du conseil de microstart sc et au sein du comité d'audit et risk (car))
  • Director appointment, Guido Busseniers (représentant de microstart asbl au sein du conseil de microstart sc et au sein du comité d'audit et risk (car))
  • Director appointment, Lorraine de Fierlant (day-to-day manager)
  • Director appointment, Lorraine de Fierlant (représentante de microstart sc au sein du conseil d'administration de microstart support asbl)
  • Auditor appointment, SRL Deloitte Reviseurs d'Entreprises (statutory auditor)
07-06
NBB filing Annual accounts filed
fiscal year 2023 · full schema
22-05
State Gazette act Resignations: L’AOT Sebastian, DELVAL Olivier and BRISSAUD Olivier
Permanent representatives: COUSSIRAT-COUSTÈRE Laure, SIMON Anne-France and BUSSENIERS Guido Florent Leon Joseph · Purpose change · Statutes amendment17 facts ▸
  • General meeting, 26-04-2024
  • Purpose change
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Statutes amendment
  • Director resignation, L’AOT Sebastian (permanent representative)
  • +5 further facts in this act
2023
23-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 23 days late
06-07
State Gazette act Resignations: Robert Peirce (director) and Luc Haegemans (director)
Reappointments: Patrick Somerhausen, Anne-France Simon and 2 others · Appointments: Valérie Beeckmans, Louis De Cannière and SRL PwC Reviseurs d'Entreprises · Auditor representative13 facts ▸
  • General meeting, 27/04/2023
  • Director resignation, Robert Peirce (director)
  • Director resignation, Robert Peirce (président du comité d'audit et des risques)
  • Director resignation, Luc Haegemans (director)
  • Director reappointment, Patrick Somerhausen (director)
  • Director reappointment, Anne-France Simon (director)
  • Director reappointment, Laure Coussirat-Coustère (director)
  • Director reappointment, Sébastien L'Aot (director)
  • Director appointment, Valérie Beeckmans (independent director)
  • Director appointment, Valérie Beeckmans (présidente du comité d'audit et des risques)
  • Director appointment, Louis De Cannière (independent director)
  • Auditor appointment, SRL PwC Reviseurs d'Entreprises
  • +1 further facts in this act
28-02
State Gazette act Resignation: Daniel Thielemans (director)
Appointment: Carine De Nys (director)5 facts ▸
  • General meeting, 02/06/2022
  • Director resignation, Daniel Thielemans (director)
  • Director resignation, Daniel Thielemans (président du ca)
  • Director appointment, Carine De Nys (director)
  • Director appointment, Carine De Nys (présidente du ca)
Show earlier events
28-02
State Gazette act Resignation: Dirk Dewitte (director)
2 facts ▸
  • General meeting, 09/12/2022
  • Director resignation, Dirk Dewitte (director)
2022
24-08
NBB filing Annual accounts filed
fiscal year 2021 · full schema · 24 days late
01-08
State Gazette act Resignation: Cano (director)
Appointment: Jan Heyvaert (director) · Reappointments: Daniel Thielemans, Olivier Delval and 2 others · Share transfer8 facts ▸
  • General meeting, 29/04/2022
  • Director resignation, Cano (director)
  • Director appointment, Jan Heyvaert (director)
  • Director reappointment, Daniel Thielemans (président du ca)
  • Director reappointment, Olivier Delval (director)
  • Director reappointment, Robert Peirce (independent director)
  • Director reappointment, Michel Halet (director)
  • Share transfer, ADIE International → Adie
18-02
State Gazette act Resignation: Emmanuel LEGRAS (directeur général et à la gestion journalière)
Appointment: Dirk DEWITTE (director)3 facts ▸
  • General meeting, 27/04/2021
  • Director resignation, Emmanuel LEGRAS (directeur général et à la gestion journalière)
  • Director appointment, Dirk DEWITTE (director)
2021
31-12
Financial Equity above €1mEq €1.9m ▲413%
Equity rises from €362,673 to €1.9m.
31-08
NBB filing Annual accounts filed
fiscal year 2020 · full schema · 31 days late
02-06
State Gazette act Statutes amendment
Capital increase · Bank account · Legal-form conversion8 facts ▸
  • General meeting, 05/05/2021
  • Capital increase, €1.094.000
  • Bank account, BNP Paribas Fortis
  • Legal-form conversion, Coöperatieve vennootschap erkend als sociale onderneming
  • Statutes amendment
  • Power of attorney, Dirk Dewitte
  • Power of attorney, Lens Lapauw
  • Power of attorney, Dimitri CLEENEWERCK de CRAYENCOUR
22-03
State Gazette act Resignations: Wilfried Remans (administrateur représentant de bnpp fortis) and Emmanuel Landais (administrateur représentant de adie international)
Appointments: Anne-France Simon, Laure Coussirat-Coustere and 2 others · Reappointments: Sebastien L'Aot (administrateur représentant adie international) and Luc Haegemans (independent director) · Mandate compensation10 facts ▸
  • General meeting, 18/06/2020
  • Director resignation, Wilfried Remans (administrateur représentant de bnpp fortis)
  • Director resignation, Emmanuel Landais (administrateur représentant de adie international)
  • Director appointment, Anne-France Simon (administratrice représentant de bnpp fortis)
  • Director appointment, Laure Coussirat-Coustere (administratrice représentant adie international)
  • Director appointment, Patrick Somerhausen (independent director)
  • Director reappointment, Sebastien L'Aot (administrateur représentant adie international)
  • Director reappointment, Luc Haegemans (independent director)
  • Auditor appointment, SRL PwC Reviseurs d'Entreprises (statutory auditor)
  • Mandate compensation, SRL PwC Reviseurs d'Entreprises
23-02
NBB filing Annual accounts filed
fiscal year 2019 · full schema · 207 days late
2020
19-03
State Gazette act Capital & shares · Statutes amendment
Capital increase · Capital · Power of attorney8 facts ▸
  • General meeting, 13/12/2019
  • Capital increase, €900.000
  • Capital, €8.772.000
  • Statutes amendment
  • Power of attorney, Emmanuel LEGRAS (bijzonder mandataris)
  • Power of attorney, Dirk DEWITTE (bijzonder mandataris)
  • Power of attorney, microStart (director)
  • Power of attorney, Gérard INDEKEU (notaris)
2019
31-12
Financial Equity above €1mEq €1.3m ▲416%
Equity rises from €259,460 to €1.3m.
15-10
State Gazette act Appointments: Daniel Thielemans, Emmanuel Legras and Dirk Dewitte
Resignation: Luc Haegemans (chair)8 facts ▸
  • General meeting, 16/09/2019
  • Director appointment, Daniel Thielemans (independent director)
  • Director resignation, Luc Haegemans (chair)
  • Director appointment, Daniel Thielemans (chair)
  • Director appointment, Emmanuel Legras (directeur général)
  • Director appointment, Dirk Dewitte (directeur général adjoint)
  • Director appointment, Emmanuel Legras (day-to-day manager)
  • Director appointment, Dirk Dewitte (day-to-day manager)
12-09
State Gazette act Appointments: SCRL PwC Reviseurs d'Entreprises, Michel Halet and 7 others
Reappointments: Robert Peirce (independent director) and Antonio Cano (représentant permanent d'ag insurance) · Resignations: Marie Degrand-Guillaud (représentante permanente de adie international) and Sandra Wilikens (représentante permanente de bnp paribas fortis) · Auditor representative15 facts ▸
  • General meeting, 24/04/2019
  • Auditor appointment, SCRL PwC Reviseurs d'Entreprises (statutory auditor)
  • Auditor representative, Alexis Van Bavel (permanent representative)
  • Director reappointment, Robert Peirce (independent director)
  • Director reappointment, Antonio Cano (représentant permanent d'ag insurance)
  • Director resignation, Marie Degrand-Guillaud (représentante permanente de adie international)
  • Director resignation, Sandra Wilikens (représentante permanente de bnp paribas fortis)
  • Director appointment, Michel Halet (représentant permanent de partena asi)
  • Director appointment, Emmanuel Landais (représentant permanent de adie international)
  • Director appointment, Olivier Delval (représentant permanent de bnp paribas fortis)
  • Director appointment, Luc Haegemans (chair)
  • Director appointment, Olivier Brissaud (director)
  • +3 further facts in this act
24-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
05-04
State Gazette act Capital & shares · Statutes amendment
Capital increase · Bank account · Capital6 facts ▸
  • General meeting, 21/03/2019
  • Capital increase, €1.000.000
  • Bank account, BNP Paribas Fortis
  • Capital, €7.872.000
  • Statutes amendment
  • Power of attorney, GODFROID Mathieu
2018
09-07
NBB filing Annual accounts filed
fiscal year 2017 · full schema
18-04
State Gazette act Capital & shares
Capital increase · Bank account · Capital5 facts ▸
  • General meeting, 05/03/2018
  • Capital increase, €1.000.000
  • Bank account, BNP Paribas Fortis
  • Capital, €6.872.000
  • Power of attorney, GODFROID Mathieu
2017
04-10
State Gazette act Appointment: PriceWaterhouseCoopers Belgium (réviseur statuaire)
Mandate term3 facts ▸
  • General meeting, 11/09/2017
  • Auditor appointment, PriceWaterhouseCoopers Belgium (réviseur statuaire)
  • Mandate term, Le mandat arrivera à échéance lors de l'Assemblée Générale Ordinaire de 2020 ayant comme agenda l'approbation des comptes de 2019.
19-05
State Gazette act Resignations: Philippe Maystadt, Alex Houtart and 3 others
Appointments: Luc Haegemans, Olivier de Broqueville and 3 others12 facts ▸
  • General meeting, 24/04/2017
  • Director resignation, Philippe Maystadt (independent director and chair of the board)
  • Director resignation, Alex Houtart (représentant de bnp paribas fortis au conseil d'administration)
  • Director resignation, Luc Haegemans (représentant de bnp paribas fortis au conseil d'administration)
  • Director resignation, Olivier de Broqueville (représentant de bnp paribas fortis au conseil d'administration)
  • Director resignation, Emmanuel Landais (représentant de l'adie international au conseil d'administration)
  • Director appointment, Luc Haegemans (independent director)
  • Director appointment, Olivier de Broqueville (independent director)
  • Director appointment, Sandra Wilikens (représentant de bnp paribas fortis au conseil d'administration)
  • Director appointment, Wilfried Remans (représentant de bnp paribas fortis au conseil d'administration)
  • Director appointment, Sébastien L'Aot (représentant de l'adie international au conseil d'administration)
  • Director appointment, Luc Haegemans (chair of the board)
10-05
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
13-10
State Gazette act Capital & shares · Statutes amendment
Registered-office move · Capital increase · Bank account7 facts ▸
  • General meeting, 21/09/2016
  • Registered-office move, Anderlecht (1070 Brussel), de Fiennesstraat 77
  • Capital increase, €1.662.000
  • Bank account, BNP Paribas Fortis
  • Capital, €5.872.000
  • Power of attorney, GODFROID Mathieu
  • Power of attorney, Gérard INDEKEU
06-06
State Gazette act Resignation: Maria Nowak-Prsygodzka (director)
Appointments: Marie Degrand Guillaud (director) and Robert Pierce (independent director)4 facts ▸
  • General meeting, 09/05/2016
  • Director resignation, Maria Nowak-Prsygodzka (director)
  • Director appointment, Marie Degrand Guillaud (director)
  • Director appointment, Robert Pierce (independent director)
2015
29-06
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 12/12/2014
  • Registered-office move, Anderlecht (1070 Bruxelles), Rue de Fiennes 77
20-02
State Gazette act Appointments: CANO Y BOSQUE Antonio (director) and UHY-CDP PARTNERS (statutory auditor)
Capital increase · Capital · Statutes amendment7 facts ▸
  • General meeting, 10/12/2014
  • Capital increase, €1.000.000
  • Capital, €4.210.000
  • Statutes amendment
  • Director appointment, CANO Y BOSQUE Antonio (director)
  • Auditor appointment, UHY-CDP PARTNERS (statutory auditor)
  • Power of attorney, Gérard INDEKEU
2014
27-08
State Gazette act Appointment: MicroStart Support (director)
Permanent representative: Olivier BRISSAUD · Statutes amendment · Mandate compensation7 facts ▸
  • General meeting, 26/06/2014
  • Statutes amendment
  • Director appointment, MicroStart Support (director)
  • Mandate compensation, MicroStart Support
  • Mandate term, na de jaarlijkse algemene vergadering van 2020
  • Permanent representative, Olivier BRISSAUD
  • Power of attorney, Dimitri CLEENEWERCK de CRAYENCOUR
2013
04-10
State Gazette act Resignation: Laurent Ledoux (director)
Appointments: Alex Houtart (director) and Philippe Maystadt (director)5 facts ▸
  • General meeting, 24/05/2013
  • Director resignation, Laurent Ledoux (director)
  • Director appointment, Alex Houtart (director)
  • Director appointment, Philippe Maystadt (director)
  • Director appointment, Philippe Maystadt (chair of the board)
30-01
State Gazette act Resignation: Catherine KINET (director)
Appointment: Luc HAEGEMANS (director) · Capital increase · Capital9 facts ▸
  • General meeting, 12/12/2012
  • Capital increase, €2.000.000
  • Capital, €3.210.000
  • Statutes amendment
  • General meeting, 27/06/2012
  • Director resignation, Catherine KINET (director)
  • Director appointment, Luc HAEGEMANS (director)
  • Director discharge, microStart
  • Power of attorney, Dimitri CLEENEWERCK de CRAYENCOUR
2011
18-11
State Gazette act Appointment: CDP CB & C°, Réviseurs d'entreprises (statutory auditor)
2 facts ▸
  • Board meeting, 15/03/2011
  • Auditor appointment, CDP CB & C°, Réviseurs d'entreprises (statutory auditor)
31-03
State Gazette act Appointments: Samuel Clause (waarnemer binnen de raad van bestuur) and Saiyi Suzuki-Navarro (substituut)
Registered-office move · Capital increase · Share issue9 facts ▸
  • General meeting, 15/03/2011
  • Registered-office move, Sint-Gillis (1060 Brussel), Bethlehemplein nummer 9
  • Capital increase, €1.110.000
  • Share issue, 11.100, 8.600 aan FORTIS BANK n.v. en 2.500 aan EIF
  • Statutes amendment
  • Capital, €1.210.000
  • Director appointment, Samuel Clause (waarnemer binnen de raad van bestuur)
  • Director appointment, Saiyi Suzuki-Navarro (substituut)
  • Power of attorney, Dimitri CLEENEWERCK de CRAYENCOUR
2010
18-11
State Gazette act Registered office
Registered-office move2 facts ▸
  • Board meeting, 26/10/2010
  • Registered-office move, Sint-Gillis (1060 Brussel), Bethlehemplein 9
16-11
State Gazette act Appointments: Marie Nowak-Prsygodzka (voorzitster van de raad van bestuur) and Patrick Sapy (directeur generaal, belast met het dagelijks bestuur)
3 facts ▸
  • Board meeting, 26/10/2010
  • Director appointment, Marie Nowak-Prsygodzka (voorzitster van de raad van bestuur)
  • Director appointment, Patrick Sapy (directeur generaal, belast met het dagelijks bestuur)
17-09
State Gazette act Incorporation
Appointments: Marie Nowak-Przygodzka, Emmanuel Pierre Noel Landais and 2 others · Founder · Founding capital14 facts ▸
  • Incorporation, 06/09/2010
  • Founder, Association pour le Droit à l'Initiative Economique International
  • Founder, FORTIS BANK
  • Founder, GENFINANCE INTERNATIONAL
  • Founding capital, €100.000
  • Bank account, bij Fortis Bank
  • Director appointment, Marie Nowak-Przygodzka (director)
  • Director appointment, Emmanuel Pierre Noel Landais (director)
  • Director appointment, Laurent Joseph Ledoux (director)
  • Director appointment, Catherine Suzanne Kinet (director)
  • Mandate compensation, Marie Nowak-Przygodzka
  • Mandate compensation, Emmanuel Pierre Noel Landais
  • +2 further facts in this act
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.An act published in both Dutch and French appears here once.
44 of 44 acts read

Directors · office · real estate

Directors
8 directors, 1 in day-to-day management, no change since 2026

Board 8

Carine De Nys
Présidente du ca · since 01-07-2022 · Director · since 01-07-2022
Current
Sébastien L'Aot
Director · since 24-04-2019
Current
Patrick Somerhausen
Director · since 24-04-2020
Current
Jan Heyvaert
Director · since 29-04-2022
Current
Bruno Debuysscher
Director · since 06-06-2024
Current
Els Van Zele
Director · since 05-06-2025
Current
Caroline Brandt
Director · since 01-01-2026
Current
Patrick Somerhausens
Director · since 04-06-2026
Current
9 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Marie Nowak-Prsygodzka
Chair of the board · since 16-11-2010 · Voorzitster van de raad van bestuur · since 16-11-2010
Not recently confirmed
Catherine Suzanne Kinet
Director · since 06-09-2010
Not recently confirmed
Marie Nowak-Przygodzka
Director · since 06-09-2010
Not recently confirmed
Samuel Clause
Waarnemer binnen de raad van bestuur · since 15-03-2011
Not recently confirmed
MicroStart Support
Director · since 26-06-2014 · Non-profit association · perm. rep.: Olivier BRISSAUD
Not recently confirmed
CANO Y BOSQUE Antonio
Director · since 10-12-2014
Not recently confirmed
Marie Degrand Guillaud
Director · since 09-05-2016
Not recently confirmed
Robert Pierce
Independent director · since 09-05-2016
Not recently confirmed
Olivier de Broqueville
Independent director · since 24-04-2017
Not recently confirmed

Day-to-day management 1

Lorraine de Fierlant
Day-to-day manager · since 01-01-2024
Current
1 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Patrick Sapy
Directeur generaal, belast met het dagelijks bestuur · since 16-11-2010
Not recently confirmed

Permanent representatives 2

Guido Busseniers
Représentant de microstart asbl au sein du conseil de microstart sc et au sein du comité d'audit et risk (car) · since 01-01-2024
Current
Lorraine de Fierlant
Représentante de microstart sc au sein du conseil d'administration de microstart support asbl · since 01-01-2024
Current
3 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Olivier BRISSAUD
Permanent representative · since 26-06-2014 · for MicroStart Support
Not recently confirmed
Sébastien L'Aot
Représentant de l'adie international au conseil d'administration · since 24-04-2017
Not recently confirmed
Antonio Cano
Représentant permanent d'ag insurance · since 24-04-2019
Not recently confirmed

Statutory auditor 1

SRL DELOITTE Réviseurs d'Entreprises
Statutory auditor · since 12-08-2024
Current

Other functions 1

Saiyi Suzuki-Navarro
Substituut · since 15-03-2011
Not recently confirmed
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Brussel · 5 establishment units since 2011
seat establishment All 5 establishment units on the map
Ground area
6,355 m²
Building footprint
6,025 m²
Volume, LiDAR
95,346 m³
5 parcels, Brussels, Flanders, Wallonia · tallest building 26.2 m, ±7 floors. Linked by address, not a title deed.
59 companies at this address See who is registered here
5 establishment units
Microstart SC-ES
Avenue Général Michel 1E, 6000 CharleroiFinancial service activities, except insurance and pension funding
since 20112.208.875.981
Microstart SC-ES
Luitenant Naeyaertplein 25, 2140 AntwerpenFinancial service activities, except insurance and pension funding
since 20112.208.875.585
Microstart SC-ES
Rue de l'Académie 53, 4000 LiègeFinancial service activities, except insurance and pension funding
since 20132.221.581.991
Microstart SC-ES
Rooigemlaan 532, 9000 GentFinancial service activities, except insurance and pension funding
since 20132.221.582.090
Microstart SC-ES
Kantersteen 12, 1000 BrusselOther financial services
since 20152.246.118.340
5 parcels
Flanders 2 (40%) Wallonia 2 (40%) Brussels 1 (20%)
Parcel (capakey) Region Area Buildings Height / fl.
21804D1049/00D002
ProtectedMonumentCentraal StationSource ↗
Brussels 4,348 m² 1 · 4,347 m² 26.2 m · 7 fl.
44816K0535/00G009 Flanders 1,046 m² 1 · 797 m² 15.4 m · 5 fl.
11006A0321/00D003 Flanders 549 m² 1 · 550 m² 11.3 m · 3 fl.
52011B0239/00R176 Wallonia 332 m² 1 · 262 m² 18.4 m · 5 fl.
62802B0186/00T000 Wallonia 79 m² 1 · 68 m² 15.4 m · 4 fl.
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.

Mandate history

61 people since 2010, 25 in office
Show
  • Board
  • Day-to-day management
  • Permanent representative
  • Statutory auditor
  • Other function
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Sébastien L'Aot
  • Director, from 24-04-2019 to date
Patrick Somerhausen
  • Independent director, from 24-04-2020 to date
Jan Heyvaert
  • Director, from 29-04-2022 to date
Carine De Nys
  • Présidente du ca, from 01-07-2022 to date
  • Director, from 01-07-2022 to date
Bruno Debuysscher
  • Director, from 06-06-2024 to date
Els Van Zele
  • Director, from 05-06-2025 to date
Caroline Brandt
  • Director, from 01-01-2026 to date
Patrick Somerhausens
  • Director, already before 04-06-2026 to date
Lorraine de Fierlant
  • Day-to-day manager, from 01-01-2024 to date
Guido Busseniers
  • Représentant de microstart asbl au sein du conseil de microstart sc et au sein du comité d'audit et risk (car), from 01-01-2024 to date
Lorraine de Fierlant
  • Représentante de microstart sc au sein du conseil d'administration de microstart support asbl, from 01-01-2024 to date
SRL DELOITTE Réviseurs d'Entreprises
  • Statutory auditor, from 12-08-2024 to date
Catherine Suzanne Kinet
  • Director, from 06-09-2010 not ended, last confirmed 17-09-2010
Marie Nowak-Przygodzka
  • Director, from 06-09-2010 not ended, last confirmed 17-09-2010
Marie Nowak-Prsygodzka
  • Chair of the board, from 16-11-2010 not ended, last confirmed 16-11-2010
  • Voorzitster van de raad van bestuur, from 16-11-2010 not ended, last confirmed 16-11-2010
Samuel Clause
  • Waarnemer binnen de raad van bestuur, from 15-03-2011 not ended, last confirmed 31-03-2011
MicroStart Support
  • Director, from 26-06-2014 not ended, last confirmed 27-08-2014
CANO Y BOSQUE Antonio
  • Director, from 10-12-2014 not ended, last confirmed 20-02-2015
Marie Degrand Guillaud
  • Director, from 09-05-2016 not ended, last confirmed 06-06-2016
Robert Pierce
  • Independent director, from 09-05-2016 not ended, last confirmed 06-06-2016
Olivier de Broqueville
  • Independent director, from 24-04-2017 not ended, last confirmed 19-05-2017
Patrick Sapy
  • Directeur generaal, belast met het dagelijks bestuur, from 16-11-2010 not ended, last confirmed 16-11-2010
Sébastien L'Aot
  • Représentant de l'adie international au conseil d'administration, from 24-04-2017 not ended, last confirmed 19-05-2017
Antonio Cano
  • Représentant permanent d'ag insurance, already before 24-04-2019 not ended, last confirmed 12-09-2019
Saiyi Suzuki-Navarro
  • Substituut, from 15-03-2011 not ended, last confirmed 31-03-2011
Louis De Cannière
  • Independent director, from 27-04-2023 to 04-06-2026
  • Director, until 07-09-2026
Laure Coussirat-Coustère
  • Administratrice représentant adie international, from 24-04-2020 to 31-12-2025
Anne-France Simon
  • Administratrice représentant de bnpp fortis, from 24-04-2020 to 05-06-2025
PwC Réviseurs d'Entreprises SRL
  • Auditor, from 12-09-2019 to 12-08-2024
Michel Halet
  • Director, already before 29-04-2022 to 06-06-2024
Valérie Beeckmans
  • Présidente du comité d'audit et des risques, from 27-04-2023 ended, last mentioned 06-07-2023
  • Independent director, from 27-04-2023 to 06-05-2024
  • Présidente du comité d'audit et des risques, from 27-04-2023 ended, last mentioned 06-07-2023
  • Administrateur et présidente du comité d'audit et des risques, until 06-05-2024
Brissaud, Olivier
  • Représentant de microstart asbl au sein du conseil de microstart sc et au sein du comité d'audit et risk (car), until 31-12-2023
L’AOT Sebastian
  • Permanent representative, until 31-12-2023
  • Permanent representative, until 31-12-2023
Olivier Delval
  • Director, already before 29-04-2022 to 31-12-2023
Olivier Delval
  • Représentant permanent de bnp paribas fortis, from 24-04-2019 to 31-12-2023
  • Permanent representative, until 31-12-2023
Sébastian L'Aot
  • Director, until 31-12-2023
Luc Haegemans
  • Director, from 01-09-2011 to 27-04-2023
  • Chair of the board, from 12-12-2016 to 15-10-2019
Robert Peirce
  • Independent director, already before 24-04-2019 to 27-04-2023
  • Président du comité d'audit et des risques, until 27-04-2023
  • Président du comité d'audit et des risques, until 27-04-2023
Dirk DEWITTE
  • Directeur général adjoint, from 16-09-2019 ended, last mentioned 15-10-2019
  • Director, from 01-04-2021 to 28-02-2023
M. Cano
  • Director, until 01-08-2022
Daniel Thielemans
  • Observateur, from 24-04-2019 ended, last mentioned 12-09-2019
  • Chair, from 16-09-2019 to 30-06-2022
  • Independent director, from 16-09-2019 to 30-06-2022
Emmanuel Legras
  • Directeur général, from 16-09-2019 to 31-03-2021
Emmanuel Landais
  • Director, from 06-09-2010 to 24-04-2020
Wilfried Remans
  • Director, from 24-04-2019 to 24-04-2020
Brissaud, Olivier
  • Director, from 24-04-2019 ended, last mentioned 12-09-2019
Emmanuel Landais
  • Représentant de l'adie international au conseil d'administration, until 24-04-2017
  • Représentant permanent de adie international, from 24-04-2019 ended, last mentioned 12-09-2019
Michel Halet
  • Représentant permanent de partena asi, from 24-04-2019 ended, last mentioned 12-09-2019
PricewaterhouseCoopers Belgium
  • Réviseur statuaire, from 04-10-2017 to 12-09-2019
Marie Degrand-Guillaud
  • Représentante permanente de adie international, until 24-04-2019
Sandra Wilikens
  • Représentant de bnp paribas fortis au conseil d'administration, from 24-04-2017 to 24-04-2019
UHY-CDP PARTNERS
  • Statutory auditor, from 20-02-2015 to 04-10-2017
Wilfried Remans
  • Représentant de bnp paribas fortis au conseil d'administration, from 24-04-2017 ended, last mentioned 19-05-2017
Olivier de Broqueville
  • Représentant de bnp paribas fortis au conseil d'administration, until 24-04-2017
Luc Haegemans
  • Représentant de bnp paribas fortis au conseil d'administration, until 12-12-2016
Philippe MAYSTADT
  • Chair of the board, from 24-05-2013 ended, last mentioned 04-10-2013
  • Director, from 24-05-2013 to 05-09-2016
Maria Nowak-Prsygodzka
  • Director, until 06-06-2016
Alex Houtart
  • Représentant de bnp paribas fortis au conseil d'administration, until 01-05-2015
CDP CB & C°, Réviseurs d'entreprises
  • Statutory auditor, from 18-11-2011 to 20-02-2015
Alex Houtart
  • Director, from 24-05-2013 ended, last mentioned 04-10-2013
Laurent Joseph Ledoux
  • Director, from 06-09-2010 to 04-10-2013
Catherine KINET
  • Director, until 01-09-2011
  • Director, until 01-09-2011
See the board, name and seat on a given date →

Articles of association

Purpose
Wij streven naar een inclusievere samenleving door het creëren en ontwikkelen van duurzame ondernemingen en banen voor ieder individu, in het bijzonder voor personen die te maken…
Full purpose

Wij streven naar een inclusievere samenleving door het creëren en ontwikkelen van duurzame ondernemingen en banen voor ieder individu, in het bijzonder voor personen die te maken hebben met financiële en sociale ongelijkheden waarvan de professionele projecten geen toegang hebben tot een bancair krediet. De vennootschap heeft als hoofddoel, zowel in België als in het buitenland, voor eigen rekening, voor rekening van derden of in deelneming : - het verstrekken van professionele microleningen en elke vorm van microfinancieringsproducten, bestemd voor de zelfstandige activiteit van klanten; - het verstrekken van microkredieten en alle vormen van microfinancieringsproducten die hen in staat stellen werk te vinden; - een dienst die haar klanten begeleidt in het kader van de oprichting of de ontwikkeling van een activiteit. De vennootschap kan alle mogelijke commerciële, industriële, financiële, roerende of onroerende verrichtingen stellen die rechtstreeks of onrechtstreeks verband houden met haar doel. Deze opsomming geldt ten titel van voorbeeld en is geenszins beperkend. Ingeval de uitvoering van bepaalde handelingen onderworpen zou zijn aan voorafgaande voorwaarden wat betreft de toegang tot het beroep, zal de vennootschap haar handelingen, met betrekking tot de betreffende prestaties, aan de vervulling van deze voorwaarden ondergeschikt maken. De vennootschap kan, in het algemeen, alle commerciële, financiële, roerende of onroerende verrichtingen stellen, zowel voor eigen rekening als voor rekening van derden, die rechtstreeks of onrechtstreeks verband houden met haar voorwerp of die bijdragen tot de rechtstreekse of onrechtstreekse, gehele of gedeeltelijke verwezenlijking ervan. De vennootschap kan eender welke functie of mandaat uitoefenen en een belang nemen door inbreng, fusie, inschrijving of op elke andere wijze, in alle zaken, ondernemingen, verenigingen of vennootschappen die een identiek, analoog of samenhangend voorwerp hebben of die bijdragen tot de ontwikkeling van haar onderneming, haar van middelen voorziet of de verkoop van diensten en producten vergemakkelijkt. Alleen de algemene vergadering van aandeelhouders is bevoegd om het voorwerp van de vennootschap te interpreteren.

Structure & network

Part of the group BNP PARIBAS 55 companies Group, risk and exposure

Owners and holdings

5 owners

Chain of control

  1. BNP PARIBASFR consolidated
  2. MICROSTART

Highest known parent: BNP PARIBAS (France). The sources do not say who stands above it.

Owners 5

Holdings 0

The accounts to 31-12-2025 list no holdings, and no other source names one.

According to the 2025 annual accounts of MICROSTART and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

32 connected companies
Linked via shared directors
HEDER
via Carine De Nys · Director
former→
former→
ISABEL
via Guido Busseniers · Bestuurder voor ing belgië
former→
Show 28 more companies with a shared director

Ownership & control

1 board mandate
Control over this companyparent company per the LEI register1
BNP PARIBAS
Paris, France
controls
MICROSTARTBE 0829.081.071
Board mandates of this companythis company sits on their board1

Capital and shareholders

Shareholders according to the acts
Share transfer act of 01-08-2022 ↗
  • ADIE International to Adie
After the capital increase act of 19-03-2020 ↗
After the capital increase act of 31-03-2011 ↗
  • FORTIS BANQUE s.a. 860,000 EUR
  • EIF - FONDS EUROPEEN D'INVESTISSEMENT 250,000 EUR
After the capital increase act of 31-03-2011 ↗
  • FORTIS BANK n.v. 860,100 EUR
  • EIF - EUROPEES INVESTERINGSFONDS 250,000 EUR
At incorporation act of 17-09-2010 ↗
  • Association pour le Droit à l'Initiative Economique International 100 shares (10%) · 10,000 EUR
  • FORTIS BANK (BE 0403.199.702) 899 shares (89.9%) · 89,900 EUR
  • GENFINANCE INTERNATIONAL (BE 0421.429.267) 1 share (0.1%) · 100 EUR

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 02-06-2021 Capital increase of 1,094,000 EUR · 10,940 new shares
  2. 19-03-2020 Capital increase of 900,000 EUR · to 8,772,000 EUR · 9,000 new shares
  3. 05-04-2019 Capital increase of 1,000,000 EUR · to 7,872,000 EUR · 10,000 new shares
  4. 18-04-2018 Capital increase of 1,000,000 EUR · to 6,872,000 EUR · 10,000 new shares
  5. 13-10-2016 Capital increase of 1,662,000 EUR · to 5,872,000 EUR · 16,620 new shares
  6. 20-02-2015 Capital increase of 1,000,000 EUR · to 4,210,000 EUR · 10 new shares
  7. 30-01-2013 Capital increase of 2,000,000 EUR · to 3,210,000 EUR · 20,000 new shares · in cash
  8. 30-01-2013 Capital increase of 2,000,000 EUR · to 3,210,000 EUR · 20 new shares
Show 2 older capital entries
  1. 31-03-2011 Capital increase of 1,110,000 EUR · to 1,210,000 EUR
  2. 17-09-2010 Incorporation · 100,000 EUR · 1,000 shares

Recognitions · licences · registrations

Legal Entity Identifier

529900NVIB2ZSMYGGJ15
live in the LEI register

Similar companies · same sector, comparable size

Of 806 companies in sector 64999 we hold annual accounts for 484. 266 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formCooperative company
Founded08-09-2010
Fiscal year end31-12
Activities, NACEBEL 2025
64999Other financial services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0829081071
Registered 27-03-2026

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.