- for associations and foundations (A&F)
Depending on the size criteria, associations and foundations (A&F) can be classified as large, small or micro.
The following thresholds are used to determine the model to be used:
| Financial period starting | before 01/01/2024 | from 01/01/2024 |
|---|---|---|
| Headcount | 50 FTE | 50 FTE |
| Annual turnover (excluding VAT) | 9.000.000 euro | 11.250.000 euro |
| Balance sheet total | 4.500.000 euro | 6.000.000 euro |
Large associations & foundations - full model
An association or foundation is considered “large” if it exceeds more than one of these thresholds on the balance sheet date of its last completed financial year.
Large A&F should use the full model for NPI's and foundations.
Small associations & foundations - abridged model
An association or foundation is considered small if it exceeds no more than one of the abovementioned thresholds on the balance sheet date of its last completed financial year (source: Arts 1:28 and 1:30 CCA).
Small A&F should use the abridged model for NPI's and foundations.
Micro associations & foundations - micro model
A micro association or foundation is one that exceeds no more than one of the following thresholds on the balance sheet date of its last completed financial year (Source: CCA, Arts 1:29 and 1:31):
| Financial period starting | before 01/01/2024 | from 01/01/2024 |
|---|---|---|
| Headcount | 10 FTE | 10 FTE |
| Annual turnover (excluding VAT) | 700.000 euro | 900.000 euro |
| Balance sheet total | 350.000 euro | 450.000 euro |
Micro A&F can use the micro model for NPI's and foundations.
Simplified accounting
Small associations and foundations that qualify for simplified accounting can use a simplified model to file their annual accounts. In this case, they must file their annual accounts with the registry of the appropriate business court.
This possibility is available for small associations and foundations that exceed no more than one of the following thresholds (for two consecutive financial years):
| Financial period starting | before 01/01/2024 | from 01/01/2024 |
|---|---|---|
| Number of employees (annual average) | 5 | 5 |
| Revenue other than non-recurring revenue | 334.500 euro | 391.000 euro |
| Assets | 1.337.000 euro | 1.562.000 euro |
| Liabilities | 1.337.000 euro | 1.562.000 euro |