Schmidt & Schmidt offers financial statements from Luxembourg in electronic form and their translations into English.
According to law, most companies in Luxembourg must submit annual financial statements. These data are reported in electronic form.
Depending on the company’s revenue, number of employees, legal form, size and nature of business the law requires different amounts of data to be published.
Reporting of financial statements in Luxembourg is subject to the Companies Act, Accounting Act and other regulations.
In Luxembourg, both the IFRS and national accounting standards are used. Companies participating in stock exchange are obliged to use the IFRS only. However, small and medium-sized companies use national accounting standards.
Financial statements in Luxembourg are filed to the trade register (RCS).
Financial statements must be filed within seven months after the end of the financial year. Six months are provided for an approval of the financial statement by a shareholder’s meeting, and one month – for its filing to the register.
Filing of financial statements is mandatory for:
- Limited liability companies
- Simplified limited liability companies
- Partnerships limited by shares
- Joint-stock companies
- Sole proprietors
Financial statements by small companies include:
- Balance sheet
- Simplified profit and loss report
- Short notes
Small companies are categorized as companies with a balance up to 4.4 million euro, revenue up to 8.8 million euro and an average number of employees up to 50.
Financial statements by medium-sized companies include:
- Balance sheet
- Profit and loss report
Medium-sized companies are categorized as companies with a balance up to 20 million euro, revenue up to 40 million euro and an average number of employees up to 250.
Financial statements by large companies include:
- Balance sheet
- Detailed profit and loss report
- Detailed notes
- Directors’ report
Large companies are categorized as companies with a balance over 20 million euro, revenue over 40 million euro and an average number of employees over 250.
Small companies are exempt from an auditor’s review. Other companies must attach an auditor’s report to their financial statements.
An example of a financial statement from Luxembourg in the German language.
Financial statements provide detailed information about a company’s financial state, solvency and performance of an enterprise.
Depending on the size of the enterprise, its financial statement can contain up to several hundred pages.
Financial statements are provided by trade register of Luxembourg and can be obtained with a special online service.
Financial statements can provide valuable information about potential business partner which can be used for making decisions like purchasing capital shares or goods or taking legal action to collect debts.
To obtain financial statements of a specific company, its full name, registered office address and identification number are required.
Financial statements from the trade register are public, but are provided for a fee.
Financial statements are provided in accordance with the legislation of Luxembourg and legal requirements on personal data protection.
Requests are proceeded within one working day.
On our website, you can make a preliminary request if a certain company’s financial statements are obtainable.
Financial statement from Luxembourg: 20 EUR
Translation of a financial statement into English: from 35 EUR
What are financial statements?
In our video, we explain the definition and function of financial statements and how you can verify the reliability and solvency of your foreign business partner.
Should you wish to check the sincerity of your foreign business partner’s request, Schmidt & Schmidt will gladly assist you.
We offer annual financial statements from more than 100 countries all around the globe.
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