Time of filing
The annual accounts must
- be submitted to the general meeting for approval within six months of the end of the financial year, and
- be deposited with the National Bank by the administrators or managers within 30 days after approval (no later than seven months after the date of closure of the financial year) (CCA, art. 3:10 and 3:12).
Exceptions to the rule regarding the approval by the general meeting
- Company in liquidation
The annual accounts must be submitted tot the general meeting of the company being in liquidation. The general meeting, however, is no longer empowered to approve the annual accounts. The annual accounts therefore should be filed within one month after the submission to the general meeting (and no later than seven months after the end of the financial year). If the liquidator wishes to do so, he may mention the date on which the annual accounts have been submitted to the general meeting
On the first page of the annual accounts filed the words 'in liquidation' are added after the name of the company.
- Foreign company having a branch office in Belgium
The annual accounts do not have to be approved, if such is not provided by the legislation the company comes under.
- Major public institution not being established in the form of a commercial company but performing a statutory function of a commercial, financial or industrial nature
- Partnership firm, ordinary limited partnership or limited liability Cooperative company
- Consolidated annual accounts