CSRD in Belgium

The criminal character of the sanction requires knowing conduct and targets officers, directors and auditors personally. Fraudulent breaches carry imprisonment of one month to one year.

For listed companies, the FSMA enforces under separate administrative powers not capped by the criminal maximum.

The law of 12 December 2025 transposes the stop-the-clock deferral — wave 2 to FY2027, wave 3 to FY2028 — without changing the penalties.

Criminal fine on individuals — about €500 to €100,000 after the surcharge — plus a separate FSMA track for listed companies.

• Individuals — €50 to €10,000 nominal

  Criminal fine on officers, directors and auditors acting knowingly, from a €50 floor — nominal amounts, multiplied by the penal surcharge (décimes additionnels)

• Effective range — about €500 to €100,000

  The décimes additionnels surcharge multiplies criminal fines by 10 since the Act of 19 December 2025 (by 8 before 2026).

• Imprisonment for fraudulent breaches

  One month to one year where the breach is fraudulent.

• FSMA administrative track (listed companies)

  For listed companies the FSMA enforces separately under its own powers, not capped by the criminal maximum.

Is the CSRD fine in Belgium really only €10,000?

€10,000 is the nominal statutory maximum on officers, directors and auditors acting knowingly. Belgium's penal surcharge multiplies criminal fines by 10, so the effective maximum is about €100,000. It is also not a cap on a listed company's exposure — the FSMA enforces separately — and fraudulent breaches carry one month to one year of imprisonment.

Does Belgium fine companies 3% of turnover under CSRD?

No. That figure could not be traced to any Belgian instrument, so no such amount is shown for Belgium.

Where can I read the full text of BE CSRD?

The authoritative version is the official text: CSRD in Belgium. The full text is linked in the "Read the original document" section on this page. This page summarises the obligations; the official text governs.