Accounting law


Coordination de certaines règles comptables

Coordination de certaines règles comptables
14/11/2018

Le législateur a réuni dans un seul arrêté royal les règles relatives à la tenue de la comptabilité des entreprises et des associations, à la conservation des livres et au plan comptable minimum normalisé (PCMN) 

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Mr. Luc Germonpré

La réforme de l’audit pour la Saint Sylvestre
30/12/2016

Le 31 décembre 2016, la réforme de l’audit fera son entrée dans le paysage juridique belge. La réforme impose le respect de bonnes pratiques ainsi que de fortes exigences en matière d’indépendance pour la profession de réviseur d’entreprises. Elle contient également des mesures spécifiques plus sévères pour les entités d’intérêt public (EIP).

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Modifications for companies' annual accounts as of financial year 2016

Modifications for companies' annual accounts as of financial year 2016
30/09/2016

The requirements regarding the form, content and filing of companies' annual accounts have changed for the financial years starting on or after 1 January 2016. The modifications are the consequence of the implementation of Directive 2013/34/EU, known as the "Accounting Directive". These changes do not concern the annual accounts of associations and foundations.

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Jaarrekening corrigeren mag niet alleen bij pure vergissing

Jaarrekening corrigeren mag niet alleen bij pure vergissing
26/05/2016

Traditioneel wordt aangenomen dat alleen onbedoelde fouten (zogenaamde materiële vergissingen) in de jaarrekening of in de aangifte nog rechtgezet kunnen worden. Maar het Hof van Cassatie komt nu met een belangrijke versoepeling van dat principe. Zelfs als een verkeerde boeking het gevolg is van een bewuste beslissing, moet die fout rechtgezet kunnen worden

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Mr. Luc Germonpré

Transposition of the European Accountancy Directive
08/04/2016

The transposition of the European Accountancy Directive into the Companies Code and its implementation decree by an Act of 18 December 2015 has several important consequences for the obligations of companies with respect to their annual accounts. As set out below, the formalities will be simplified for numerous companies and the costs will decrease.

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Broader scope for law on financing of small and medium-sized enterprises

Broader scope for law on financing of small and medium-sized enterprises
14/03/2016

The law dated 18 December 2015 (the “Accounting Law”) entered into force on 9 January 2016. It has transposed into Belgian national law Directive 2013/34/EU on the annual financial statements, consolidated financial statements and related reports of certain types of undertakings. Here, we will not focus on the obvious accounting aspect of this law, as we think the law’s incidental impact on the financing of small and medium-size enterprises (“SMEs”) seems particularly noteworthy.

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The Accounting Directive’s transposition: the impact on Belgian corporate law

The Accounting Directive’s transposition: the impact on Belgian corporate law
25/09/2015

Although the deadline to transpose the Accounting Directive 2013/34/EU into Belgian law elapsed on 20 July 2015, the Belgian legislator failed to transpose the Accounting Directive on time. Nevertheless, Belgium’s Council of Ministers did approve a preliminary draft Act and a preliminary draft royal decree on 19 June. Subject to the Council of State’s further advice, it is likely that the transposition into Belgian law will take place in the coming months.

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Mr. Grégory De Sauvage
Mr. Jean-François Goffin

Judicial reorganization – Accounting review – Annexes to the petition
23/04/2015

In order to secure the protection of judicial reorganization, the debtor needs to attach to the petition for judicial reorganization a certain number of documents provided for in article 17 § 2 of the Law on the continuity of enterprises (LCE). If these documents are not attached to the petition, the LCE provides that the petition shall be deemed inadmissible.

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Mrs. Beatrijs Van Ginderachter
Mrs. Astrid Delanghe

No consolidated annual accounts required from Parent companies with subsidiaries “of negligible importance”
25/05/2012

On 22 March 2012, the Parliament passed a bill (1) (hereafter referred to as the “Bill”) which reduces the administrative burdens in financial reporting and auditing of annual accounts on SMEs. The Bill entered into force on 22 April 2012 and is an important reference for the yearly process of preparing and approving annual accounts.

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Mr. Adrien Lanotte

Do not forget to file your annual accounts with the Belgian National Bank!
03/10/2011

In 2010, 47,830 companies did not file their annual accounts with the BNB. Penalties for such an versight may be quite serious.

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