Equity Belgium Tax Shelter applicable

Tax Shelter

Affordable assistance from IT experts
Pre money valuation
Equity offered
Amount raised
0 days
Minimum target
131% funded
This campaign has been closed

Historical accounts

N/A: the company has been created in November 2017, it's first financial exercise will be closed in December 2018.

Financial plan

The 5-year financial plan, developed by Whelp’s management, is presented here below:

Revenue drivers

Our main revenue drivers are:

  • Per hour IT help jobs performed at home
  • Fix price broken Smartphone reparation
  • Fix price Digital training workshops
  • B2B2C partnerships
  • Internationalization in France and Germany

In this revenues analysis, we make the following assumptions:

  • A gross margin of 30% average
  • A VAT waiver for 70% of our Belgian jobs based on the sharing economy model
  • An average of 1h40 for the duration of our interventions
  • A cost of acquisition of 15,5€ per customer in average
  • An average monthly growth rate of 10 to 20%

Cost drivers

Our cost drivers are:

  • Our labor costs, both direct ( freelancers working for Whelp) and indirect (employees technicians, software developers, business developers, management, etc)
  • Cost of goods sold, for instance when we repair iPhone Screens
  • Marketing costs, such as online marketing via Google AdWords and offline marketing
  • IT software licenses and cloud service usage

Financial tables

Break even volume

Break even volume will be achieved with an estimated 550 weekly interventions of 1h40 average duration.


This business qualifies for the startup tax shelter. If you meet the conditions, 45% of your investment will be reducted from your personal income taxes. Read more…