Is PCMN accounting mandatory for all co-ownerships?
Whether PCMN standardised accounting is required depends on the size of the co-ownership.
Since 2012, Belgian law imposes an accounting framework on co-ownerships.
Co-ownerships with 20 or more lots: Double-entry bookkeeping is mandatory, following the PCMN chart of accounts specific to co-ownerships.
Co-ownerships with fewer than 20 lots: Simplified accounting (income/expenses) is permitted, unless the general assembly decides otherwise.
Legal references
Article 3.89 §5 Civil Code — Accounting obligations of the syndic Royal Decree of 12 July 2012 — Minimum standardised chart of accounts for co-ownerships
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Disclaimer
The information provided is for informational purposes only and does not constitute legal advice. If in doubt, consult a qualified professional (solicitor, notary, accountant, or IPI-accredited professional syndic). Klarencia is a management tool and does not replace professional advice.