Belgium
Country: Belgique
Status: Full Jurisdiction
Jurisdiction Name : xbrl.be
Website : http://www.xbrl.org/be
Membership Count: 23
IFRS Adoption for Public Companies: Required for all domestic listed companies
XBRL PROJECTS OVERVIEW:
| Banque Nationale de Belgique | Mandatory Filing |
| Commission Bancaire Financier Assurance | Mandatory Filing |
| COREP Belgique | Mandatory Filing |
| XBRL Belgium | Development |
JURISDICTION MEMBERSHIP:
| 3IBenelux/Umanis |
| Agoria |
| Aguilonius Consulting CVBA |
| Banking, Finance and Insurance Commission (BE) |
| Coface Services Belgium |
| Commission for Bookkeeping Standards (BE) |
| Deloitte |
| Dun & Bradstreet NV |
| Federal Public Service Finance |
| Federal Public Service ICT (BE) |
| FPS Economy, Directorategeneral Statistics Belgium |
| Graydon Belgium |
| Institut des Experts-comptables et des Conseils fiscaux (BE) |
| Institut des Reviseurs d’Entreprises (BE) |
| Institut Professionnel des Comptables et Fiscalistes Agrees |
| Intersentia |
| Inventive Designers |
| Kluwer Software |
| Mediafin |
| National Bank of Belgium |
| Platinum Services Europe |
| Pragma Tools |
| PricewaterhouseCoopers |
300.000 annual accounts in XBRL format with National Bank of Belgium (NBB) filed annually (98%+ of all filings). NBB and the Banking, Finance and Insurance Commission (BFIC) have developed Belgian extensions to the European FINREP and COREP taxonomies.Basle II,COREP XBRL reporting mandatory from 1 January 2008. The Directorate-general Statistics and Economic information (former National Institute for Statistics) is currently involved in a study to develop an XBRL application allowing companies to fill in surveys about their structure, using data from annual accounts.
SBR projects running in National Bank Belgium, Federal Public Service (FPS) Finance (Corporate Tax Returns) , Federal Public Service (FPS) Economie (Business Service Taxonomies), linked to EU Action Program to reduce administrative burden Annual administrative cost savings achieved to date €37m.
Belgian Federal Public Service Finance is responsible for the centralization and accounting processing of all revenues and expenditure of the Federal Government. It annually collects approximately 500,000 corporate tax returns. In search of improving the efficiency of the tax collection mechanism, the agency issued a request for proposal for a system that would improve the efficiency of processing the returns through increasing the level of data quality and implementing an automatic audit and profiling of returns for further investigation. Based on the success of other regulator-driven XBRL projects, the agency made XBRL an explicit requirement for the project. UBmatrix partnered with CSC and XBRL specialist Aguilonius Consulting to deliver the project.
The Directorate-general Statistics and Economic Information (FPS Economy, member of XBRL Belgium) publishes the adapted XBRL Taxonomy for the yearly survey on the structure of enterprises. The new Taxonomy will be taken into production on 1st September 2010.
For more information: www.statbel.fgov.be/xbrl.
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XBRL Belgium Activities Timeline [xbrl-be]
