National Bank of Belgium publishes taxonomy for financial statements of commercial and industrial companies

10 February 2006

The taxonomy, developed by the Central Balance Sheets Office in cooperation with XBRL Belgium, for the drawing up of standardized annual accounts by commercial and industrial companies as from 1 April 2007 is now available on the website of the Belgian jurisdiction http://www.xbrl.be.

The final taxonomy was presented on 25 January 2006 to the Belgian jurisdiction.  It is a modular taxonomy based on the 2.1 Specification and is provided in four languages (Dutch, English, French and German).

The Central Balance Sheet Office is now working on the development of a web application which will allow the companies to fill in their annual accounts.  The publication process will also be adapted in order to meet the legal mission and to put the annual accounts at the disposal of any interested person

The XBRL format will be used for the filing via Internet of statutory annual accounts of Belgian non-financial companies as from April 2007.  About 290.000 companies and 320.000 annual accounts will be concerned.

Announced by:

Camille Dümm

Central Balance Sheet Office

National Bank of Belgium

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