Capital gains taxation on the sale of a business in Belgium will become a major issue over the next few years, and tax exposure rests on one critical figure : the reference value of the company as of 31 December 2025. Without a defensible valuation in place, business owners risk paying capital gains tax on a value that does not reflect reality
In the absence of an independent valuation, tax
authorities apply a standardised formula: 4 times EBITDA
plus accounting equity. This mechanical approach ignores
your company's growth prospects, competitive
positioning, and sector-specific dynamics often resulting
in a reference value that is poorly calibrated to economic
reality. The consequence is direct: an artificially inflated
taxable capital gain at exit.
Current legislation explicitly recognises an independent
valuation report as a valid and enforceable alternative.
Prepared to the highest industry standards, this
assessment accurately reflects your true economic
reality, offering a solid and defensible position before
public authorities. It relies on rigorous financial
methodologies, in-depth analysis, and sector-specific
multiples to establish a fair and accurate baseline
If your company holds real estate assets on its balance
sheet, their market value not historical book value must
be reflected in the reference valuation. This technical
requirement carries material consequences and is often
identified too late.
Limiting the risk of artificially inflated capital gains
during a future sale. Establishing a solid financial
baseline to prepare their exit and succession strategy.
Anticipating this valuation before the 2025 deadline
allows them to maintain control over this key figure,
rather than having it imposed on them
At W-Conseil Belgium, we support clients at every stage
of their journey, offering bespoke guidance in corporate
services, compliance management, and structural
optimisation. As the 2025 valuation deadline approaches,
proactive management is more critical than ever to
establish a rigorous baseline value.
We can help you seamlessly navigate this essential
process. Our teams assist in analysing your financial
forecasts, structuring your valuation reports, and
ensuring your operational setups fully protect your
interests ahead of a future exit. By aligning your
valuation strategy with current tax regulations, we
protect you from unexpected financial liabilities, artificial
tax burdens, and procedural blockages. Our expertise
extends to SMEs, growing companies, and international
investors, allowing us to provide tailored solutions for
your unique corporate setup.
With offices in Brussels, Luxembourg, and Dubai, we
combine local knowledge with a global perspective,
ensuring flawless execution and strategic advice across
jurisdictions.
Contact our experts to benefit from personalised,
results-driven support perfectly aligned with your
ambitions