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The press said that as many as one in six self-employed workers fears going bankrupt due to the corona crisis. If you are also not comfortable with it, can you still protect your private family home against possible creditors now? How do you arrange that and what are a number of points of attention?
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Risk with a sole proprietorship. If you do not work through a company, unfortunately, your private assets are not segregated and, in other words, you are responsible for all the debts you incur, including your professional debts.
A “worst-case scenario”. Should you then go bankrupt as a self-employed person, the trustee will be able to monetize all your properties to pay your creditors. In the worst case, you can therefore also lose your home...
The type of company matters! If you work through a company, your private assets are segregated if you work through a BV (BA) or NV, but not if, for example, you have a VOF or an old CommV. In that case, professional creditors can not only seize your CommV's machines and stocks, but — if necessary — also your private assets, including your home.
Through a notarial deed. If you want to secure your family home from creditors for as long as you live, you must file a so-called declaration of unseizability with your notary. To do this, he draws up a notarial deed that he then has registered at the competent legal security office (the former mortgage office).
For such a declaration of unseizability, you must take into account a cost of around €1,500.
Tip: A self-employed person in a secondary occupation can also make that statement.
Attention! However, your property is not protected by it.
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Unpaid foreign invoices have a direct impact on your cash flow, working capital and credit risk. Fast and cost-efficient recovery is therefore essential. Fortunately, there are procedures within Europe that allow you to obtain an enforceable title without a classic, time-consuming lawsuit.
Below you will find the practical step-by-step plan and the right choices for each situation.
24/3/2026
Your supplier charges you too much on their invoice, so you protest that invoice. So do you also have to indicate how much you want to pay? Is it best to pay that part in advance or is it better not to pay anything yet?
26/05/2025
Invoices to other companies may no longer be sent in paper form or as a PDF by e-mail. So they no longer end up in the mailbox. As a result, e-invoices are remarkably often paid late. The period is up to 14 days, compared to 10 days by email.
Every company, no matter how small, is now required to invoice other companies via the Peppol network. Electronic invoicing has been mandatory in Belgium since 1 January for all transactions between companies. This administration must go through the Peppol network, a secure network for exchanging electronic documents. But you must avoid that invoices' disappear 'in a digital mailbox. That's where things are difficult today.
30/3/2026
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