Close

BETA VERSION OF THE PORTAL IS NOW AVAILABLE!

Visit the BETA version of the European e-Justice Portal and give us feedback of your experience!

 
 

Navigation path

menu starting dummy link

Page navigation

menu ending dummy link

Statutory interest - Belgium

1 Is "statutory interest" provided for in the Member State? If so, how is "statutory interest" defined in this Member State?

Statutory interest is the percentage used to calculate the additional amount that has to be paid by a debtor who has not paid his/her creditor on time.

2 If yes, what is the amount/rate and legal basis for it? If different rates of statutory interest are provided for, what circumstances and conditions apply?

Statutory interest in civil cases (between individuals or between an individual and a trader) is calculated by adding 2 % to the 12- month EURIBOR rate (Euro Interbank Offered Rate).

Commercial transactions (i.e. transactions between traders and/or undertakings) are governed by the Law of 2 August 2002 on combating late payments in commercial transactions (Wet van 2/08/2002 betreffende de bestrijding van de betalingsachterstand bij handelstransacties). That interest rate is applied unless the parties to the transaction have agreed otherwise (contractual interest).

3 If necessary, is there further information available on how to calculate statutory interest?

The six-monthly adjustment of the interest rate for commercial transactions is announced in the Belgian Official Gazette (website Belgisch staatsblad - Moniteur belge: Link opens in new windowhttp://www.ejustice.just.fgov.be/)

Further information can be found on the website of the Federal Public Service for the Economy (Link opens in new windowhttp://economie.fgov.be/)

4 Is there free online access available to the legal basis mentioned above?

Further information can be found free of charge on the website of the Federal Public Service for the Economy (Link opens in new windowhttp://economie.fgov.be/)


The national language version of this page is maintained by the respective EJN contact point. The translations have been done by the European Commission service. Possible changes introduced in the original by the competent national authority may not be yet reflected in the translations. Neither the EJN nor the European Commission accept responsibility or liability whatsoever with regard to any information or data contained or referred to in this document. Please refer to the legal notice to see copyright rules for the Member State responsible for this page.

Last update: 21/09/2016