want to know more about our services or want to chat with our experts? Visit one of our offices near you.
Increase your chances of success with our experts' help.
Our experts will give you the answers you seek.
Alter your business details via our one-stop shop for entrepreneurs.
Discover our practical tool for your social insurance dossier.
Want to know more about our services or want to chat with our experts? Visit one of our offices near you.
and reap the benefits of our social secretariat's support.
Take advantage of Partena Professional's expertise and knowledge
Discover the benefits we can give you as an accountant.
On 26 February 2021, the Flemish Government approved the corona globalization mechanism. This aid mechanism provides financial aid to enterprises which have experienced a drop in turnover of at least 60% and an accounting loss due to the coronavirus measures in the period from 1 April 2020 up to and including 31 December 2020.
Any aid received previously as part of the nuisance premium, compensation premium, protection mechanism(s), ... will be deducted from this subsidy.
The enterprise is a company, association or foundation incorporated under private law and the foreign enterprise with a similar status, which has filed the financial accounts for 2019 and which will file the financial accounts in 2020 on time. The association and the foundation must carry out an economic activity.
The enterprise has:
The following enterprises are excluded:
The drop in turnover is the decline in turnover, excluding VAT and based on daily takings, services rendered or time registration in the period from 1 April up to and including 31 December 2020 compared to the turnover in the period from 1 April up to and including 31 December 2019.
Exceptional and non-recurring income or revenues are not included in the calculation of the drop in turnover.
The aid amounts to 10% of the turnover excluding VAT for the period from 1 April up to and including 31 December 2019. This aid shall be limited to 90% for small enterprises and 70% for medium and large enterprises of the fixed costs not covered during the period from 1 April up to and including 31 December 2020. Non-covered fixed costs is the loss before deduction of taxes (code 9903 of the annual accounts).
The maximum amount of aid is determined in two ways:
1° based on the expanded employment in the last three quarters of 2019 and the drop in turnover
Expanded employment consists of:
employed in the enterprise.
Expanded employment
Drop in turnover from 60% to 69%
Drop in turnover from 70% to 89%
Drop in turnover of 90% and more
1 to 4 employees
€ 15,000
€ 30,000
€ 50,000
5 to 19 employees
€ 25,000
€ 100,000
20 to 49 employees
€ 250,000
50 to 199 employees
€ 500,000
€ 1 million
> 199 employees
€ 2 million
2° based on the minimum NSSO employment in the last three quarters of 2019, the minimum turnover in the last three quarters of 2019 and the drop in turnover
The NSSO employment is the average of the quarterly averages in the last three quarters of 2019 of the number of full-time equivalent employees registered with the National Social Security Office. For enterprises which started from the third quarter of 2019, the quarters in which the enterprise was active are taken into account.
Minimum NSSO employment
Minimum turnover
1 employee
€ 1,125,000
5 employees
€ 3 million
10 employees
€ 9 million
20 employees
€ 25 million
Important note: Moreover, the corona nuisance premium, the corona compensation premium, the corona support premium and the subsidy under the Flemish Protection Mechanism will always be deducted from the subsidy.
The application can be made via the agency ‘Innoveren en Ondernemen’ (Vlaio), However, this is still not possible today.
Source:
[1] The number of full-time equivalent employed employees of service providers is determined on the basis of the amounts invoiced, excluding VAT, for services provided by the aforementioned employees who are deployed for the execution of the activities of the enterprise. An invoiced amount of €50,000, excluding VAT, in the last three quarters of 2019, is equivalent to one full-time equivalent. A maximum of 5 full-time equivalents will be taken into account.
The Partena Professional website is a channel for making information available in an understandable form to affiliated members and non-members. Partena Professional strives to provide up-to-date information and this information is compiled with the greatest care (including in the form of Infoflashes). However, as social and fiscal legislation is constantly changing, Partena Professional cannot accept any liability for the correctness, the up-to-date or the completeness of the information consulted or exchanged via this website. Further provisions can be read in our general disclaimer that applies to every consultation of this website. By consulting this website, you expressly accept the provisions of this disclaimer. Partena Professional can unilaterally change the content of this disclaimer.