Your financial plan, ready for the notary
Draft the financial plan your notary requires. Juristelo calculates every table, flags inconsistencies and exports to Word and PDF.
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Financial plan
Included in your solution
Why use it?
Suggested benchmarks for every assumption.
Four tables recalculated on every entry.
A Word and PDF file for your notary.
What you get
Funding sources
Income statement
Monthly cash flow
Break-even point
What goes into a financial plan?
Belgian company law requires a financial plan from every founder of an SRL, the Belgian private limited company. Article 5:4 of the Code of Companies and Associations sets its minimum content. You hand the document to the notary before you sign the deed of incorporation. The notary keeps it on file. A court only sees it if the company goes bankrupt within three years.
The law lists what the document must contain. First, a precise description of the planned activity and an overview of all funding sources. Next come an opening balance sheet and projected balance sheets after twelve and twenty-four months. Projected income statements cover the same period. A financial plan also includes a budget of income and expenditure over at least two years. Finally, it describes the assumptions behind the figures.
This document is no formality. If the company fails within three years, the court examines its starting equity. Where that equity was manifestly insufficient, founders risk personal liability. A careless financial plan can then cost more than the capital invested. Its tables must therefore answer each other: profit feeds cash, and cash reveals the funding need.
Juristelo walks you through each assumption and recalculates all four tables on every entry. It flags any inconsistency between profit and cash before your notary spots it. Two mistakes still come up again and again. First, forgetting VAT, which you pay on purchases before you reclaim it. Second, setting your own pay at zero to flatter the result. A notary notices both at a glance.
From idea to actionable document
Describe your project
Follow the guided process
Review and export
Frequently asked questions
- Is a financial plan mandatory?
- Yes, for every SRL. Article 5:4 of the Belgian Code of Companies and Associations requires it before the deed of incorporation. You hand it to the notary, who keeps it. The same duty applies to the SA and the cooperative company.
- How many years must a financial plan cover?
- Two years minimum under Belgian law. In practice, banks and notaries often expect three. Break year one down month by month, since cash is tightest then.
- Who can draw up the document?
- You can draft it yourself, as the law does not require an accountant. If an external expert helps you, the financial plan must state that expert's name. A review by your accountant still helps before the notary appointment.
- Can you share the file with your bank?
- Yes. You export the financial plan to Word or PDF, or share a temporary link with your banker or accountant.
- How long does it take?
- Allow about one hour for a complete financial plan with Juristelo. A spreadsheet built by hand often takes several days.
- What does the notary do with it?
- The notary keeps it with the deed file. It stays confidential and only goes to the court if the company fails within three years.
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