directors Archives

What, exactly, are net assets?

What, exactly, are net assets? ‘Alarm bell’ procedures in critical situations Christèle Parmentier, Partner BDO Accountancy A company’s board of directors is responsible for its financial situation. Among other things, this means that, should there be a critical decrease in the company’s net assets, the board must follow an ‘alarm bell’ procedure. But what, exactly, is meant by net assets? The Belgian Accounting Standards Commission (CNC-CBN) provides clarity in its opinion. In the event [...]

CCA establishes new rules for payments and annual accounts

April 24th, 2020|To The Point|

CCA establishes new rules for payments and annual accounts Since 1 January 2020, the new Belgian Code of Companies and Associations (CCA) also applies to existing legal entities. This law establishes several new mandatory provisions and overhauls others. There are new rules relating to payments, for example. Furthermore, a new annual accounts model is now in effect. We will use several frequently asked questions to explore the most relevant aspects of these new rules in greater detail. [...]