Group of limited proportions
(CCA. Art. 1:26)
A parent company of a group has control over one or more subsidiaries. Firms that form a consortium are treated as a parent company.
Thresholds for groups of limited proportions (on a consolidated basis)
Workforce | 250 FTE |
Turnover | 34.000.000 euro |
Balance sheet total | 17.000.000 euro |
If no more than 1 criterion is exceeded, this is referred to as a group of limited proportions. In such cases, the parent company is exempt from consolidation.
In all other cases, consolidated annual accounts must be submitted