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Belgium

Who we are

Belgium​ at a glance

Belgium is located in Western Europe. It is divided into three regions, ten provinces and 589 municipalities. Belgium has a population of 11.59 million people. Brussels is the capital city.

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Banking

There are approximately 80 financial institutions operating in the country, with some of the largest being KBC Group, BNP Paribas Fortis and ING Belgium. The National Bank of Belgium (NBB) is the central bank of the country and is responsible for monetary policy, maintaining financial stability and promoting the efficient functioning of payment systems.
Website: https://www.nbb.be/en/home
Email: info@nbb.be
Contact: +32 2 221 26 11

Peer-to-Peer Lending Regulations

Peer-to-peer (P2P) lending is regulated by Financial Services and Markets Authority (FSMA).The FSMA oversees and regulates various financial activities, including crowdfunding and P2P lending, to ensure consumer protection and market integrity.

Financial Regulators

The Financial Services and Markets Authority (FSMA) is the main financial regulator in Belgium, responsible for overseeing the financial sector and ensuring the protection of consumers and investors.
Website: https://www.fsma.be/en
Email: info@fsma.be
Contact: +32 2 220 57 70

Small Claims Procedure

Small claims are handled by the Justice of the Peace (Juge de Paix/Kantonrechter) in the district where the defendant resides or where the dispute occurred. The maximum amount that can be claimed in small claims court is €5,000. The procedure is relatively informal, and lawyers are not required although they can be present if both parties agree. More information is found on the website of the Belgian Federal Public Service Justice (www.justice.belgium.be).

Competitor Information:

The major competitor actively issuing credit in Consumer Lending is Mozzeno.
https://www.mozzeno.com/nl/