Business
Belgium — Business: Accounting
Belgian companies keep statutory accounts and file them with the National Bank Central Balance Sheet Office using NBB models.
VerifiedGovernment / official sourceNational Bank of Belgium — who must file annual accountsLast reviewed: 2026-10-23
Why this matters
Understanding accounting regulations in Belgium is crucial for businesses seeking to relocate there, as failure to comply can result in penalties and fines.
Key facts
- Belgian companies must file annual accounts with the NBB Central Balance Sheet Office after approval by the general meeting.
- The NBB publishes accounting models, including for foreign companies, associations and foundations.
- Filing is within 30 days of approval and at most seven months after the year end, with a late surcharge.
- Payment of the filing fee is made through the NBB filing application.
Steps
- Registration with the National Bank of Belgium — To start a business in Belgium, the company must register with the National Bank of Belgium and obtain a tax identification number.
- Obtaining a VAT Number — Businesses in Belgium must also obtain a VAT (Value-Added Tax) number, which is used to claim back VAT on business expenses.
- Compliance with Local Accounting Regulations — Businesses must ensure compliance with local accounting regulations, including the submission of annual financial statements and tax returns.