Organizational Type and Location
- Your organization must be a Small or Medium-sized Enterprise (SME) or a liberal profession operating in the private sector. Non-profit organizations (vzw's) are explicitly excluded.
- Your business must have an operating branch (uitbatingszetel) in the Flemish Region (Vlaamse Gewest).
Financial and Operational Health
- Your company must not have negative equity at the time of application.
- You must have an acceptable main activity as registered in the 'Kruispuntbank van Ondernemingen' (Crossroads Bank for Enterprises), which represents the largest part of your turnover.
- You must have an acceptable legal form.
- The participation of a public authority in your company must be less than 25%.
- Your company must demonstrate sufficient demonstrable growth ambition.
SME Definition (European KMO-definition)
An SME is defined by the following cumulative conditions, met in one of the two financial years prior to application:
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Employment: Fewer than
250 employees (expressed in full-time equivalents – FTE).
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Financial: Either an annual turnover of maximum
€50 million OR a balance sheet total of maximum
€43 million.
*
Independence Criterion: The figures (employees, turnover, balance sheet) of the applicant company must be aggregated with those of partner companies (25% to 50% participation) and connected companies (>50% participation). Your company must be considered 'independent'; exceptions apply for certain types of investors (e.g., pure investors).
Previous Funding Restrictions
- If your company has previously received this 'Kmo-groeisubsidie' funding, you can only submit a new application 24 months after the positive decision of the previous grant.
Requirements for Strategic Employee or External Advisor
- Strategic Employee:
- Must bring new strategic knowledge and expertise to your company, essential for the growth trajectory.
- Cannot perform purely operational or executive tasks; their role must influence the strategic decisions related to the growth trajectory.
- Must be hired with an employment contract of indefinite duration (both full-time and part-time are eligible).
- Must remain employed for at least six months to be eligible for support.
- The employment contract can start no earlier than the first day of the month following the application submission date.
- Only support for one strategic profile per project.
- Must be a new hire; certain persons are excluded (e.g., those employed by the company or its partners/connected entities in the past five years, or close relatives/business partners of management).
- Must be a third party in relation to the SME (no direct/indirect voting rights/capital in the company, not a spouse, blood relative up to second degree, or cohabitant of management/shareholders).
- External Service Provider (Advisor):
- No specific official recognition is required, but the advisor must possess relevant competencies and experience (CV/track record).
- The advice must relate to the current or future functioning of one or more business processes.
- The advisor's task cannot consist of purely operational or executive work; the advice must influence the strategic decisions for the growth trajectory.
- The cost of each advisory agreement must be at least €20,000 (excl. VAT).
- The advisor's work can start no earlier than the first day of the month following the application submission date.
- A written agreement with a detailed description of services, methodology, and end goal is required.
- The price must conform to market rates.
- Must be a third party in relation to the SME (similar exclusions as for strategic employee).
- Certain types of advice are excluded: legally mandatory advice, permanent/periodic advice, advice part of ordinary business expenses, non-specialized advice, advice on subsidies, or advice with a cost below €20,000 (excl. VAT). Service providers excluded or suspended from 'kmo-portefeuille', or those legally convicted/under investigation, are also excluded.