JURSIDICTION SNAPSHOT:
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
REGULATORS:
Companies Registrar: Coface Services Belgium
Banking Supervisor: National Bank of Belgium (Nationale Bank van Belgie/ Banque nationale de Belgique)
Securities Regulator: Banking, Finance And Insurance Commission
PRINCIPAL EXCHANGES:
| NYSE Euronext |
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 |
PROGRESS REPORT:
XBRL Belgium is an established jurisdiction since 15 July
2006 and is hosted by the National Bank of Belgium (NBB).
Projects
The Belgian jurisdiction continues to make progress on XBRL
development and adoption, particularly in the regulators’
environment.
The National Bank of Belgium is involved in two important
projects:
• Since April 2007, Belgian non-financial companies
use XBRL for the drawing up of their statutory annual
accounts to be filed with the National Bank (Central
Balance Sheet Office - CBSO) in the form of XBRLinstance
documents. Since April 2008, project has
been extended to the annual accounts of the not-forprofit
sector. The CBSO receives currently more than
90% of all the annual accounts filed in XBRL format.
• The National Bank of Belgium (NBB) and the Banking,
Finance and Insurance Commission (CBFA) have
developed Belgian extensions to the European
FINREP and COREP taxonomies.
The NBB and the CBFA were also strongly involved in the
European projects, both on a conceptual and on an XBRL
technical level.
• The NBB and the CBFA have mandated XBRL for
Basle II and COREP reporting starting January 2008.
• FINREP reports are expected to be filed for the 3rd
and fourth quarters 2007.XBRL is to be used in both projects for the reporting
towards
the NBB and the CBFA.
The Directorate-general Statistics and Economic
Information of the Federal Public Service Economy, SMEs,
independent Professions and Energy (former National
Institute for Statistics) is currently developing a taxonomy
and an XBRL application allowing companies to fill in surveys
about their structure (Structural Business Statistics). The
project should be finalized by August 2009.
The Federal Public Service Finance is currently developing
a taxonomy for the corporate tax return. The final taxonomy
is scheduled to be released in December 2008, the start of
the new reporting system is planned to go live in 2010.
The working group “Taxonomy permanent corporate data” has
published the first version of a taxonomy for the exchange
of “permanent” data on Belgian enterprises (and institutions)
between various software programs and the Crossroads
Bank for Enterprises (CBE). Joep van Amelsfort (joep@
pragmatools.com) is chairman of this working group
Jurisdictional leader:
Luc Dufresne
Chair XBRL Belgium