Filing Observatory · Issue 1
Filing Observatory: November 2026
Who has not filed yet, and when everyone else did. Each month we measure, from five registers' open data, how companies file their annual accounts. This first issue covers 1,589,465 companies in Estonia, Latvia, Slovakia, Denmark and Belgium.
Published 10 November 2026. Aggregates only: no company is named. Download the tables (CSV) · Method and sources · How to cite
In short
- 9.5% of Estonian and 9.3% of Latvian companies that filed 2024 accounts had no 2025 accounts on file in the register's open data in late October and early November 2026. Belgium 7.9%, Denmark 5.1%.
- Estonia is the only one of the five where the share fell from a year earlier (11.8%).
- On deadline day, 30 June 2026, Estonia's register received 37,786 reports for 2025: about one in six of all of them.
- Belgium's busiest filing day was 31 August 2026, a month after the deadline, with 35,545 accounts: almost three times as many as on deadline day.
- The smallest companies are the least likely to have filed, in every country.
Finding 1
Nearly one in ten Estonian and Latvian companies has no 2025 accounts on file yet
Of the 255,505 Estonian companies that filed accounts for 2024, 24,176 (9.5%) had no accounts for a later year in the register's open data as of 31 October 2026, four months after the 30 June deadline. In Latvia it was 10,588 of 113,548 (9.3%) as of 1 November 2026; in Belgium 7.9% and in Denmark 5.1%.
Estonia is the only one of the five where the share fell: it was 11.8% on the same date a year earlier. Latvia rose from 8.7%, Belgium from 7.4% and Slovakia from 3.2%; Denmark held at 5.1%. Leaving out companies the register now records as dissolved, removed or bankrupt, the share is 8.2% in Estonia and 6.8% in Latvia.
Slovakia is measured one year back: the latest deadline that can apply to Slovak 2025 accounts, 30 September 2026, is too recent for our rule. There, 3.7% of companies that filed 2023 accounts had no 2024 accounts on file as of 2 November 2026. The countries also differ in how long ago their deadline passed (table below), so compare each country with its own year earlier first.
Data table: accounts not yet on file, by country
| Country | Accounts for | As of | Days after 31 Dec year-end deadline | Companies | Not yet on file | Share | A year earlier |
|---|---|---|---|---|---|---|---|
| Estonia | 2025 | 2026-10-31 | 123 | 255,505 | 24,176 | 9.5% | 11.8% |
| Latvia | 2025 | 2026-11-01 | 93 | 113,548 | 10,588 | 9.3% | 8.7% |
| Belgium | 2025 | 2026-11-02 | 94 | 575,936 | 45,753 | 7.9% | 7.4% |
| Denmark | 2025 | 2026-10-28 | 120 | 347,097 | 17,828 | 5.1% | 5.1% |
| Slovakia | 2024 | 2026-11-02 | 398 | 297,379 | 11,095 | 3.7% | 3.2% |
Finding 2
In Estonia, one report in six arrives on deadline day
On 30 June 2026 the Estonian register received 37,786 annual reports for years ending 31 December 2025: 15.8% of the 239,069 such reports in the data by 31 October. Of Estonian companies that filed by their deadline, 63.8% did so in the final 30 days. In Belgium the share was 48.7%, in Denmark 46.2%.
Half of the Estonian companies that filed had done so within 176 days of their year end, the same as a year earlier. In Denmark the figure was 156 days, in Belgium 204 (206 a year earlier).
Finding 3
Belgium's busiest filing day came a month after the deadline
The legal deadline for Belgian accounts for a year ending 31 December 2025 was 31 July 2026. That day 11,911 such accounts were filed. On 31 August 2026 there were 35,545, almost three times as many and more than on any other day. A year earlier the busiest day was also at the end of August (29 August 2025).
By the deadline, 61.8% of Belgian companies had filed, up from 59.4% a year earlier. In Denmark it was 82.1% and in Estonia 71.8%.
Data table: filing timing (countries with one statutory deadline for every company)
| Country | Filed by the deadline | A year earlier | Of those, in the last 30 days | Filed on their deadline day | Median days, year end to filing | Busiest day |
|---|---|---|---|---|---|---|
| Estonia | 71.8% | 71.3% | 63.8% | 15.5% | 176 (176 a year earlier) | 2026-06-30 |
| Denmark | 82.1% | 81.6% | 46.2% | 6.0% | 156 (156 a year earlier) | 2026-06-30 |
| Belgium | 61.8% | 59.4% | 48.7% | 3.9% | 204 (206 a year earlier) | 2026-08-31 |
Finding 4
The smallest companies are the least likely to have filed
Among companies with total assets under €450,000 in their previous accounts, 6.9% in Denmark have no 2025 accounts on file, against 2.2% or less for larger Danish companies. The pattern holds in Slovakia (3.7% against at most 2.2%), Belgium (9.3% against 5.4% to 6.1%) and Latvia (9.1% against 5.5% to 6.0%). Estonia shows the smallest gap: 8.8% against 6.6% to 8.3%.
Finding 5
By sector, Estonia's gaps are widest in finance and ICT, Slovakia's in transport
In Estonia, 12.0% of financial and insurance companies and 11.7% of information and communication companies have no 2025 accounts on file, against 6.0% in health and social work and 6.0% in agriculture, forestry and fishing. In Slovakia (2024 accounts) transport and storage is highest at 5.3% and health lowest at 1.2%. Latvia, Denmark and Belgium are not broken down by sector in this issue.
Method
Who is counted. Companies with their own annual accounts on file for a financial year ending in 2024 (Slovakia: 2023), as the register's open data hold them. Consolidated group accounts are not used, and each company counts once.
Not yet on file. No accounts for any later financial year in our copy of the register's open data at the measurement date. A company is counted only once the statutory deadline for its next year has passed by more than 30 days (44 days for Latvia and Slovakia, whose filing dates can be later than the real date). The deadline used is the latest one that can apply to the company, so a company is never counted early: Estonia 6 months after the year end, Latvia 7 months (10 for a year that started before 2022), Slovakia 9 months to the end of the month, Denmark 6 months (5 for years ending before 31 December 2021), Belgium 7 months; a deadline on a weekend moves to the Monday. For Estonia, a report the register lists as submitted counts as on file even where its figures are not in the data.
A year earlier. The same rule on the same calendar date in 2025, for the year before. Every report keeps the date it was filed, so the earlier picture is rebuilt from the same data. Register statuses are known only as they are today, so the comparison includes all companies.
Filing dates. Estonia: the date the register records the report as submitted. Denmark: the date the register published it. Belgium: the deposit date at the National Bank of Belgium. Latvia: the date the register created its record of the report; Slovakia: the later of the filing date and the register's last change to it. Because the Latvian and Slovak dates can be later than the real filing, timing measures are given only for Estonia, Denmark and Belgium, where one deadline applies to every company. Median days count from the year end to the filing of the next twelve months' accounts.
Size and sector. Size is total assets in the previous year's accounts (Danish kroner at the ERM II central rate of 7.46038 per euro). Sector is the NACE Rev. 2 section of the first two digits of the activity code (Estonia: EMTAK; Slovakia: SK NACE). Groups under 100 companies are left out.
What a missing filing means. Accounts can be on file at the register and not yet in its open data, or filed under another year end. A missing filing can also mean a merger, a closure or a change of year end. These are facts about filings: not a credit rating, a score or a forecast about any company.
Checks. Every figure was computed twice, by two separate programs, from the same data. Sweden and France are not in this issue; our Swedish data hold only reports filed digitally, so a missing report there cannot be told apart from one filed on paper.
Found an error? Write to contact@tradingagentapp.com. The rules behind each register's data are in the methodology.
How to cite
Cite as: Trading Agent Data, Filing Observatory, November 2026. https://www.tradingagentapp.com/research/filing-observatory/2026-11
The tables: filing-observatory-2026-11.csv (aggregates only, with each register's notice on every row).
Sources
Registers: Estonian e-Business Register (RIK); Register of Enterprises of the Republic of Latvia; Register účtovných závierok (Ministry of Finance of the Slovak Republic); Erhvervsstyrelsen (Danish Business Authority); National Bank of Belgium, Central Balance Sheet Office. No register has reviewed or endorsed this analysis.
Source: Estonian e-Business Register, Registrite ja Infosüsteemide Keskus (RIK), open data: annual reports data, basic data and register of shareholders — CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/) — last updated 2026-11-10
Adapted by WU Capital Limited (Trading Agent Data): figures selected, dated, checked and converted to our schema; values calculated by us as the Source Conditions Schedule describes; natural persons left out. Not endorsed by RIK. Original data: https://avaandmed.ariregister.rik.ee/en/downloading-open-data
Source: Uzņēmumu reģistrs (Register of Enterprises of the Republic of Latvia), datasets "Gada pārskatu finanšu dati", "Uzņēmumu reģistrs" and "Maksātnespējas procesi", open data on data.gov.lv — CC0 1.0 (https://creativecommons.org/publicdomain/zero/1.0/) — last updated 2026-11-08
Adapted by WU Capital Limited (Trading Agent Data): figures selected, dated, checked and converted to our schema; values calculated by us as the Source Conditions Schedule describes; natural persons left out. This copy is supplied under the Trading Agent Data licence (https://www.tradingagentapp.com/licences), not under CC0. Not endorsed by the Register of Enterprises.
Source: Ministry of Finance of the Slovak Republic, Register účtovných závierok (RÚZ), RÚZ Open API — CC0 1.0 (https://creativecommons.org/publicdomain/zero/1.0/) — last updated 2026-11-08
Adapted by WU Capital Limited (Trading Agent Data): figures selected, dated, checked and converted to our schema; values calculated by us as the Source Conditions Schedule describes; natural persons left out. This copy is supplied under the Trading Agent Data licence (https://www.tradingagentapp.com/licences), not under CC0. Not endorsed by the Ministry of Finance of the Slovak Republic.
Source: Erhvervsstyrelsen (Danish Business Authority), offentliggjorte årsrapporter (distribution.virk.dk) — last updated 2026-11-02
Indeholder data, som benyttes i henhold til vilkår for brug af danske offentlige data. CVR-numre: Det Centrale Virksomhedsregister (CVR); virksomhedsnavne som angivet i årsrapporterne. Reklamebeskyttelse: alle virksomheder behandles som reklamebeskyttede (CVR-loven § 19); data må ikke bruges til direkte markedsføring. Processed by WU Capital Limited (Trading Agent Data); not endorsed by Erhvervsstyrelsen. All entities are treated as advertising-protected (Danish CVR Act, section 19); not for direct marketing.
Source: National Bank of Belgium, Central Balance Sheet Office (Balanscentrale) — last updated 2026-11-09
Processed by WU Capital Limited (Trading Agent Data); not endorsed by the National Bank of Belgium.