According to the Small Business Act (SBA) Fact Sheets, Belgium has become more important since the economic downturn. Belgium earns better marks than the average EU Member State. Its performance is particularly high in the amount of venture capital flowing to early-stage investments. It also beats the mean with respect to access to public financial support and, by a small margin, with respect to the percentage of loans granted to SMEs. None of the other indicators differs substantially from those seen in the average EU country. On the policy front, on 1 November 2011 the consultancy service FINMIX was introduced in the Flanders region. It gives entrepreneurs the opportunity to present their projects to a panel of financial experts who will advise them on the optimal financing mix for their specific situation. Furthermore, the Walloon government, in partnership with the banking sector, has set up an automatic financing product. This takes the form of a guarantee (up to 75%) on a bank loan (up to EUR 25.000), plus the possibility of additional funding (up to 50%). The measure targets micro-enterprises, the self-employed, artisans and freelance workers.
Lastly, a "facturier d'entrée" (incoming invoices) has been in use in Wallonia since the end of 2011, allowing administrations to follow the whole invoicing process, from introduction to payment. The main objective of the measure is to accelerate the disbursement, thereby reducing the time entrepreneurs have to wait for payment and improving their financial standing.
Research, articles etc.
- SBA factsheet for Belgium [842 KB] (PDF)
|Key indicators on access to finance|
Source: Chart compiled using ECB data
Download data [192 KB]
Source: Chart compiled using AECM data
Download data [139 KB]
Source: Chart compiled using EVCA data
Download data [191 KB]
|Business angels finance|
Source: Chart compiled using EBAN data
Download data [97 KB]
Appendix: ACTIONS SUPPORTING ACCESS TO FINANCE FOR SMEs [350 KB]