Size criteria for associations and foundations
Based on size criteria, associations and foundations can be divided into large, small and micro associations and foundations. The size determines which model of annual accounts should be used.
An association or foundation is 'large' if it exceeds more than one of the following criteria on the balance sheet date for the last completed financial year:
annual average number of employees | 50 FTE |
annual turnover (excluding VAT) | 9.000.000 euro |
balance sheet total | 4.500.000 euro |
Large NPIs must use the full model for associations and foundations.
An association or foundation is small if, on the balance sheet date of the last completed financial year, it exceeds at most one of the above-mentioned criteria.
Source: Code for Companies and Associations, art. 1:28 and art. 1:30
Small NPIs can use the abbreviated model for associations and foundations.
A micro association or foundation is a small NPI that exceeds at most one of the following criteria on the balance sheet date of the last closed financial year:
annual average number of employees | 10 FTE |
annual turnover (excluding VAT) | 700.000 euro |
Balance sheet total | 350.000 euro |
Source: Code for Companies and Associations art. 1:29 and art. 1:31
Micro NPIs can use the micro model for associations and foundations.
The small NPIs who opt for simplified accounting can use a simplified model of annual accounts. In this case, they must file their annual accounts to the registry of the company court.