On: Why I'm open sourcing the financial side of my business

[NickBusey]

"All of this data is open to begin with, it’s published in our yearly financial statements (obligated in Belgium)"

Does this mean any company, no matter the size, has to publicly publish yearly financial statements in Belgium?

In the States only publicly traded companies need to do that.

[drno123 → NickBusey]

In most of the Europe all Ltd (private) companies need to publish annual financial statements.

EDIT: That’s ehy European valuations are lower :)

[_nrv9 → drno123]

Why would that make European valuations lower? I don't understand the implication.

Why would more transparency depress the value of a company?

[grenoire → NickBusey]

Often there's a small (couple euros) fee to access them on the chambers of commerce, but yeah, it's rather common here.

[heartbeats → NickBusey]

I would guess that any corporation needs to, but sole proprietorships do not.