Updated Belgium country page
23 Nov 2009
We have updated our Belgium Country Page to elaborate on the requirements for the use of IFRSs by unlisted companies in Belgium.
The most recent change, adopted by Royal Decree of 27 September 2009 (PDF 327k), is that unlisted insurance companies must prepare their consolidated financial statements according to IFRSs as adopted by the EU for accounting years starting on or after 1 January 2012. The board of directors may decide to apply IFRSs as from accounting years starting on or after 1 January 2010, with such decision being irrevocable.
