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BOE-A-2026-6852 ·24 March 2026 ·Resolution Low impact
Corporate

Companies in formation: first year's accounts must be filed even without activity to enable subsequent filings

The Directorate General for Legal Certainty and Public Faith confirms that companies must file their annual accounts for the first financial year, even if no commercial activity has taken place, in order to proceed with filings for subsequent years (Art. 378 RRM). In this instance, an appeal by a company was dismissed; the company sought to file its 2024 accounts without having filed those for 2023, arguing that its activity only commenced after incorporation (Art. 24 LSC).

In 3 key points

  1. Obligation to file accounts for the first financial year even in the absence of commercial activity (Resoluciones de 25 de marzo de 2011 y 19 de octubre de 2020)
  2. Impossibility of filing accounts for a financial year if the accounts for the previous year have not been filed (art. 378 RRM)
  3. Two-month period to lodge a judicial appeal before the Commercial Court (disposición adicional vigésima cuarta de la Ley 24/2001)

How it affects those involved

For incorporated companies that stipulate in their articles of association an operational start date subsequent to the deed of incorporation, the legal obligation to submit the accounting documents for the first financial year remains (Art. 24 LSC). Failure to complete this prior filing prevents the company from registering accounts for subsequent financial years in the Mercantile Registry (Art. 378 RRM).

Lifecycle

2026-03-24PublishedPublished in the BOE
Official text Based on BOE data (boe.es). Information, not advice.

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This analysis is informational only and does not constitute legal advice or create a client-adviser relationship. BM Consulting.
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