Belgium: Business Environment
For individuals: the calendar year
Large companies must publish full annual financial statements (balance sheet, income statement and notes to the financial statement). Quarterly publication of financial information is compulsory for listed companies. Small companies may publish accounts in a simplified form.
Foreign companies with a branch in Belgium are required each year to deposit with the NBB a copy of the annual financial statements of the foreign company and consolidated financial statements (together with a social balance sheet of the Belgian permanent establishment (PE), if it has employees in Belgium).
In principle, the financial statements must be audited by a statutory auditor. An exception to this obligation exists for certain types of company.
Examples of external auditors include Ernst & Young, KPMG, PricewaterhouseCoopers.
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Latest Update: November 2024