What do the financial statements comprise?

Which information you must include in your financial statements depends on the size of your business. We set out summaries for each business category on this page.

An enterprise falls under a specific business category if the financial statements meet at least two of the requirements below for 2 successive years:

AssetsNet turnoverNumber of employees
Micro< € 350,000< € 700,000< 10 persons
Small€ 350,000 - € 6 million€ 700,000 - € 12 million10 - 50 persons
Medium€ 6 - € 20 million€ 12 - € 40 million50 - 250 persons
Large> € 20 million> 40 million> 250 persons

Micro and small business categories

The financial statements comprise:

  • a limited (micro) or abbreviated (small) balance sheet;
  • limited explanatory notes.

Medium and large business categories

The following annual reports must be filed:

General informationMedium
Directors' reportX
Financial annual statementMedium
Somewhat simplified balance sheetX

Elaborate balance sheet

Simplified profit and loss accountX

Elaborate profit and loss account

Elaborate explanatory notesX

Other informationMedium
Audit opinionX
Special controlling rights in the legal entity

Number of profit-sharing certificates, etc.X
Important events after the balance sheet dateX
Branch establishments, their names and countries with branch establishments

Provisions in the articles of association on and proposal for profit appropriation or treatment of lossX

Signature and date of adoption

All officials of the company must sign the annual financial statement. If the legal entity has trustees, they too must all sign the financial statement. If a signature is missing, you must state the reason (art. 15 of the Annual financial statements decree).

You are obliged to provide the date of adoption on the financial statement.

Engaging an intermediary

More information is also available in the Financial Statements Handbook (in Dutch). In case of doubt, contact a financial intermediary, such as a bookkeeper, tax consultant or accountant. This intermediary can draw up your financial reports and send them to various bodies.

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Last updated on 12 July 2021

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