IMBC 2020
About Us
With financial resources totaling €37,619,733.20 and an intervention ceiling of €3,500,000 per measure—with intervention methods expanded even further compared to previous European subsidiaries—IMBC 2020 has been strengthening the IMBC Group’s operations since December 2016.
as of June 30, 2024, S.A. IMBC 2020 had granted:
- 194financing operations
- amounting to over €57,362,034
- benefitting around a hundred companies
This European program has now come to an end, and S.A. IMBC 2020 has far exceeded its objectives!
An investment fund co-financed by the European Regional Development Fund and the Walloon Region
S.A. IMBC 2020 is an investment fund co-financed by the European Regional Development Fund (ERDF) and the Walloon Region. It aims to enable small and medium-sized enterprises (SMEs) to realize their investments and projects. Since its creation in December 2016, S.A. IMBC 2020 has received nearly €37,500,000 in funding under the 2014–2020 ERDF program.
The activities of S.A. IMBC 2020 fall within the scope of Measure 1.1.2 “Capital and loans in companies, spin-offs and spin-outs – Venture capital component” (Priority Axis 1 “Economy 2020”) and Measure 2.3.1 “Financing innovative companies” (Priority Axis 2 “Innovation 2020”) of the “Wallonia-2020.eu” Operational Program.
Beneficiary Companies
In order to benefit from our company’s products and services,
a company must meet the following criteria:
It must be an SME according to the EU’s definition[1], i.e., a company with fewer than 250 employees (full-time equivalent) and annual sales not exceeding 50 million euros or annual balance sheet total not exceeding 43 million euros;
It must have its headquarters, or undertake to establish such, in the Mons-Borinage districts or the communes of the Centre Region (La Louvière, Le Roeulx, Ecaussinnes, Braine-le-Comte, Soignies, Estinnes, Binche, Morlanwelz, Anderlues, Chapelle-Lez-Herlaimont, Manage and Seneffe in the province of Hainaut);
It must not be considered to be a company in financial difficulty according to the EU’s definition[2];
It must not belong to one of the sectors excluded from the scope of the ERDF, or from the European Regulation applicable in the event of aid being granted (i.e., General Block Exemption Regulation 651/2014 or “de minimis” Regulation 1407/2013, where applicable);
It must not be subject to a recovery order following the European Commission’s previous decision to declare the aid illegal and incompatible with the common market;
It must pursue a project deemed viable and profitable based on a business plan that demonstrates the company’s overall viability and the technical, commercial, economic, and financial feasibility of the project.
Forms of Intervention
Interventions can take the form of various types of fixed-rate loans or the acquisition of equity stakes in beneficiary companies. These interventions can be adjusted according to the company’s needs, the nature of the investments to be made, and the selected aid scheme.
Regulations
The measures implemented by IMBC 2020 are in line with the following European regulations:
Regulation (EU) No. 1303/2013 of the European Parliament and of the Council of December 17, 2013 laying down common provisions on the European Regional Development Fund, the European Social Fund, the Cohesion Fund, the European Agricultural Fund for Rural Development, and the European Maritime and Fisheries Fund (O.J.E.U. L 347, December 20, 2013, p. 320).
Regulation (EU) No. 1301/2013 of the European Parliament and of the Council of December 17, 2013 on the European Regional Development Fund and on specific provisions concerning the Investment for growth and jobs goal (O.J.E.U. L 347 of December 20, 2013, p. 289).
Commission Regulation (EU) No. 1407/2013 of December 18, 2013 on the application of Articles 107 and 108 of the Treaty on the Functioning of the European Union to de minimis aid (O.J.E.U. L 352 of December 24, 2013, p. 1).
Commission Regulation (EU) No. 651/2014 of June 17, 2014, declaring certain categories of aid compatible with the internal market in application of Articles 107 and 108 of the Treaty on the Functioning of the European Union (O.J.E.U. L 187, June 26, 2014, p. 1).
For more information, please contact us!
[1] Commission Recommendation of May 6, 2003 concerning the definition of micro, small and medium-sized enterprises (2003/361/EC).
[2] Commission Communication on Guidelines for State Aid for rescuing and restructuring non-financial undertakings in difficulty (2014/C 249/01).
Contact
IMBC 2020
Headquarters: 12-14 Rue des Quatre Fils Aymon, B-7000 MONS
Belgian companies database No.: 0667.687.820
Email: vasb@vzop.or
More Information
ERDF in Wallonia
European Regulations
Wallonia Portal