Helping companies through the crisis is an important aim of the Coalition Agreement of the Flanders government. In the current economic climate, it continues to be vital to apply measures, which help our businesses to work more strongly through the crisis. For that reason, Flanders Minister-President Kris Peeters, who also holds the economy portfolio, has earmarked some 2.3 million euro for supporting six projects for bankruptcy prevention. Minister-President Peeters hopes to use this to kickstart SME’s in difficulties due to the economic circumstances.
The aim of these subsidised projects is to approach proactively those SME’s that are likely to experience difficulties, or are faced with elements threatening their continuity, and to inform them, raise their awareness and steer them towards the existing set of instruments offered by the government. In addition, a modest 3 million euro has also been set aside for enabling rapid response to any new needs as they present themselves.
In spite of these initiatives, our annual study of SME’s reveals that the construction sector continues to pile up lost value. The Construction Confederation is therefore working closely with Deloitte Fiduciaire to help keep your construction industry financially sound.
In order to achieve this, a team of dedicated professionals provides specific solutions and domains of expertise in the construction industry. In terms of site/project reporting – for which special tools have been developed –, social inspection, contracts, receivables management, disputes and VAT optimisation. Indeed, the complex VAT legislation spurred Deloitte Fiduciaire into developing a VAT rate indicator, available free of charge on our website: www.kmokompas.be/btwtool.
Deloitte Fiduciaire also holds a series of seminars on construction every year.