Alerting and detecting difficulties of an individual entrepreneur
Verified 08 March 2024 - Directorate for Legal and Administrative Information (Prime Minister)
The alert procedure makes it possible to anticipate the difficulties of an individual entrepreneur in order to prevent the situation from worsening. The approved prevention grouping, the Social and Economic Committee (ESC) have the possibility to trigger this alert procedure.
An information sheet on the alert procedure applicable to a business shall be available here.
Individual business All registered in SCR: titleContent or at RNE: titleContent as a company in the trades and crafts sector has the possibility to join an approved prevention group (APG).
The mission of the APG is to provide its members, in a confidential manner, with periodic analysis of economic, accounting and financial information. When he sees signs of difficulties (for example, difficulties in settling tax and social security payments), he must inform the head of company.
The GPA then directs it to a network of experts.
FYI
Membership of an approved prevention group shall be subject to payment.
This alert only concerns companies of at least 50 employees. In this case, the ESC may implement an alert procedure for events which may affect the economic situation of the company (e.g. loss of a significant customer, significant and lasting drop in orders, restructuring project). We are talking about the right of economic alert.
The ESC may then ask the employer to provide explanations.
If the replies are deemed insufficient or confirm the concern, the ESC may decide to send a report to the employer and the auditor (CAC) if one exists.
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Authorized prevention group alert
ESC Economic Alert
Board of Governors of the Order of Chartered Accountants