Free tool
Calculate your late payment interest
Late payment interest and the €40 flat-rate compensation between businesses, under the Belgian law of 2/08/2002. Each half-year's statutory rate is applied automatically.
* This half-year's rate has not been published yet: the calculation uses the latest known rate, to be confirmed.
Between businesses only. Statutory rate: ECB main refinancing rate + 8 points, published every half-year by the FPS Finance (law of 2/08/2002, art. 5). Fixed flat-rate compensation of €40 per invoice (art. 6). A different rate set in your terms and conditions takes precedence. Different rules apply to consumer clients.
These calculations, automatic in your software
Ledgerly sends automatic reminders before late payment interest even accrues.