Annual accounts in Luxembourg: Obligations and filing deadlines
Mickaël LOC
Chartered accountant ·
Annual accounts in Luxembourg: Obligations and filing deadlines
In Luxembourg, every commercial company is required to prepare and file its annual accounts with the Trade and Companies Register (RCS). These accounts include the balance sheet, the profit and loss account, and the notes. Filing must take place within 7 months following the end of the financial year, after approval by the general meeting of shareholders.
Composition of the annual accounts
Annual accounts in Luxembourg consist of three mandatory components. The balance sheet shows the company's financial position at the closing date (fixed assets, current assets, equity, provisions, liabilities). The profit and loss account tracks the income and expenses of the financial year using the Luxembourg PCN model (list or account format). The notes complete and explain items in the balance sheet and profit and loss: valuation methods, off-balance-sheet commitments, turnover breakdown, average headcount, remuneration of management bodies.
Abridged vs full layout
Small companies that do not exceed two of the following three thresholds may file an abridged balance sheet: balance sheet total €4.4M, net turnover €8.8M, average headcount 50 employees. The abridged layout allows certain items to be grouped and limits the information in the notes, thus reducing the administrative burden. Medium and large companies must file the full layout with detailed information.
Filing deadlines and procedure
The annual general meeting must be held within 6 months of the closing date to approve the accounts and allocate the result. Filing with the RCS via the eCDF platform must then take place within the month following approval, i.e. no later than 7 months after closing. The filing includes the annual accounts, the management report (if applicable) and the report of the statutory auditor (réviseur d'entreprises) or auditor (commissaire aux comptes) (if applicable).
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