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.
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Signals
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)
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
- 1Crossroads Bank for Enterprises
- 2Belgian State Gazette, 17-09-2010
- 3Belgian State Gazette, 18-11-2010
- 4Belgian State Gazette, 05-08-2026
- 5Belgian State Gazette, 31-03-2011
- 6Belgian State Gazette, 19-03-2020
- 7Belgian State Gazette, 02-06-2021
- 8Belgian State Gazette, 06-07-2023
- 9National Bank, annual accounts 2018 and 2025
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Financials · fiscal year 2025, full schema
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- 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).
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| 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.
Timeline · acts, filings and financial milestones
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)
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)
12-08
State Gazette act
Resignations: Olivier Delval, Sébastian L'Aot and 3 othersAppointments: 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)
22-05
State Gazette act
Resignations: L’AOT Sebastian, DELVAL Olivier and BRISSAUD OlivierPermanent 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
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)
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)
02-06
State Gazette act
Statutes amendmentCapital 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
19-03
State Gazette act
Capital & shares · Statutes amendmentCapital 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)
15-10
State Gazette act
Appointments: Daniel Thielemans, Emmanuel Legras and Dirk DewitteResignation: 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 othersReappointments: 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
05-04
State Gazette act
Capital & shares · Statutes amendmentCapital 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
18-04
State Gazette act
Capital & sharesCapital 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
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 othersAppointments: 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)
13-10
State Gazette act
Capital & shares · Statutes amendmentRegistered-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)
29-06
State Gazette act
Registered officeRegistered-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
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
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
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
18-11
State Gazette act
Registered officeRegistered-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
IncorporationAppointments: 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
Directors · office · real estate
Board 8
9 not recently confirmed
Day-to-day management 1
1 not recently confirmed
Permanent representatives 2
3 not recently confirmed
Statutory auditor 1
Other functions 1
5 establishment units
5 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D1049/00D002 | 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
Mandate history
- Board
- Day-to-day management
- Permanent representative
- Statutory auditor
- Other function
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Sébastien L'Aot |
|
| Patrick Somerhausen |
|
| Jan Heyvaert |
|
| Carine De Nys |
|
| Bruno Debuysscher |
|
| Els Van Zele |
|
| Caroline Brandt |
|
| Patrick Somerhausens |
|
| Lorraine de Fierlant |
|
| Guido Busseniers |
|
| Lorraine de Fierlant |
|
| SRL DELOITTE Réviseurs d'Entreprises |
|
| Catherine Suzanne Kinet |
|
| Marie Nowak-Przygodzka |
|
| Marie Nowak-Prsygodzka |
|
| Samuel Clause |
|
| MicroStart Support |
|
| CANO Y BOSQUE Antonio |
|
| Marie Degrand Guillaud |
|
| Robert Pierce |
|
| Olivier de Broqueville |
|
| Patrick Sapy |
|
| Sébastien L'Aot |
|
| Antonio Cano |
|
| Saiyi Suzuki-Navarro |
|
| Louis De Cannière |
|
| Laure Coussirat-Coustère |
|
| Anne-France Simon |
|
| PwC Réviseurs d'Entreprises SRL |
|
| Michel Halet |
|
| Valérie Beeckmans |
|
| Brissaud, Olivier |
|
| L’AOT Sebastian |
|
| Olivier Delval |
|
| Olivier Delval |
|
| Sébastian L'Aot |
|
| Luc Haegemans |
|
| Robert Peirce |
|
| Dirk DEWITTE |
|
| M. Cano |
|
| Daniel Thielemans |
|
| Emmanuel Legras |
|
| Emmanuel Landais |
|
| Wilfried Remans |
|
| Brissaud, Olivier |
|
| Emmanuel Landais |
|
| Michel Halet |
|
| PricewaterhouseCoopers Belgium |
|
| Marie Degrand-Guillaud |
|
| Sandra Wilikens |
|
| UHY-CDP PARTNERS |
|
| Wilfried Remans |
|
| Olivier de Broqueville |
|
| Luc Haegemans |
|
| Philippe MAYSTADT |
|
| Maria Nowak-Prsygodzka |
|
| Alex Houtart |
|
| CDP CB & C°, Réviseurs d'entreprises |
|
| Alex Houtart |
|
| Laurent Joseph Ledoux |
|
| Catherine KINET |
|
Articles of association
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
Owners and holdings
5 ownersChain of control
- BNP PARIBASFR
- MICROSTART
Highest known parent: BNP PARIBAS (France). The sources do not say who stands above it.
Owners 5
- BNP PARIBASFRparentSourceLEI registerconsolidated
-
43.98%
-
43.98%
-
11.77%
- ADIEFRSourceown accounts 20250.27%
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 companiesShow 28 more companies with a shared director
Ownership & control
1 board mandateCapital and shareholders
- ADIE International to Adie
- AG Insurance (BE 0404.494.849) 2,352 shares · 235,200 EUR
- BNP Paribas Fortis (BE 0403.199.702) 6,332 shares · 633,200 EUR
- Partena Sociale Verzekeringen voor Zelfstandigen (BE 0409.079.088) 316 shares · 31,600 EUR
- FORTIS BANQUE s.a. 860,000 EUR
- EIF - FONDS EUROPEEN D'INVESTISSEMENT 250,000 EUR
- FORTIS BANK n.v. 860,100 EUR
- EIF - EUROPEES INVESTERINGSFONDS 250,000 EUR
- 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.
- 02-06-2021 Capital increase of 1,094,000 EUR · 10,940 new shares
- 19-03-2020 Capital increase of 900,000 EUR · to 8,772,000 EUR · 9,000 new shares
- 05-04-2019 Capital increase of 1,000,000 EUR · to 7,872,000 EUR · 10,000 new shares
- 18-04-2018 Capital increase of 1,000,000 EUR · to 6,872,000 EUR · 10,000 new shares
- 13-10-2016 Capital increase of 1,662,000 EUR · to 5,872,000 EUR · 16,620 new shares
- 20-02-2015 Capital increase of 1,000,000 EUR · to 4,210,000 EUR · 10 new shares
- 30-01-2013 Capital increase of 2,000,000 EUR · to 3,210,000 EUR · 20,000 new shares · in cash
- 30-01-2013 Capital increase of 2,000,000 EUR · to 3,210,000 EUR · 20 new shares
Show 2 older capital entries
- 31-03-2011 Capital increase of 1,110,000 EUR · to 1,210,000 EUR
- 17-09-2010 Incorporation · 100,000 EUR · 1,000 shares
Recognitions · licences · registrations
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Identification & contact
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.