Netherlands (NL)

Jurisdiction Overview

201 *Are annual accounts available on a public online record (up to 10 €/US$/GBP)? Not applicable
 Data Date: 2019


Although the annual accounts of most Dutch companies are available online for a fee of 2.90€ (approximately 4.4 USD as of 16.5.2013), there is an important exception to this rule. In the second book of the Dutch Civil Code, disclosure requirements are specified in part 10 and onwards, from article 394 onwards. Generally, the amount of detail of the financial information depends on the size of the company.
The exception clause is in article 403 which says roughly that a company does not need to publish its accounts if: a) the financial figures of the legal entity are consolidated into the accounts of another legal entity (the ultimate parent or some intermediate holding) to which the EU requirements regarding financial reporting apply (that is, the consolidating company is located in the EU); b) those consolidated accounts are published in or translated into Dutch, English, French or German; c) the consolidating entity has declared full liability for any debts of the Dutch legal entity; d) the declaration of liability and the accounts of the consolidating entity or a reference to those accounts have been deposited with the chamber of commerce where the Dutch legal entity is registered (Art. 403, second book Dutch Civil Code). In practice, this allows multinational companies to hide accounts of Dutch subsidiaries from view.

Dutch Civil Code Book 2; Art. 403