Two structures, two logics
The SRL (Societe a Responsabilite Limitee) and the ASBL (Association Sans But Lucratif) are the two most commonly created legal forms in Belgium. But they serve very different purposes.
of companies created are SRLs
The SRL is the default form for any commercial activity since the CSA 2019.
Detailed comparison
| SRL | ASBL | |
|---|---|---|
| Purpose | For profit (dividend distribution) | Non-profit (disinterested purpose) |
| Minimum capital | EUR 0 (but financial plan required) | EUR 0 |
| Minimum founders | 1 person | 2 persons |
| Liability | Limited to contributions | Limited to contributions |
| Corporate tax | 25% ISOC (20% reduced rate) | ISOC if commercial activity |
| Profit distribution | ||
| Notarial deed required | ||
| Publication in Official Gazette | ||
| Financial plan | ||
| UBO register |
When to choose an SRL?
The SRL is the right choice if:
- You are starting a commercial activity (selling products, services, consulting)
- You want to distribute profits (dividends)
- You are alone (single-member SRL) or with partners
- You want clear limited liability
When to choose an ASBL?
The ASBL is suitable if:
- Your project has a disinterested purpose (social, cultural, sports, humanitarian)
- You do not plan to distribute profits to members
- You want a simple and inexpensive structure to set up
- You have at least 2 founders
What about creation costs?
| SRL | ASBL | |
|---|---|---|
| Notary fees | ~EUR 750 - 1,200 | Optional (~EUR 400) |
| Official Gazette publication | ~EUR 200 | ~EUR 180 |
| BCE registration | ~EUR 90 | ~EUR 90 |
| Support services | From EUR 1,800 | From EUR 800 |
| Estimated total | EUR 1,800 - 2,900 | EUR 800 - 1,500 |
Can you convert an ASBL to an SRL?
Yes, it is possible but it is a complex procedure involving a notarial deed and dissolution/reconstitution. If you are unsure and your activity has commercial potential, it is often simpler to start directly as an SRL.
Need help choosing?
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