Participating interests
Rights held in the capital of other undertakings, meant to create a lasting link.
The Luxembourg balance sheet distinguishes three things that are routinely conflated. “Shares in affiliated undertakings” means companies in the same group. “Participating interests” means undertakings the company is linked to by a participating interest without being in the same group. The “securities” under current assets are neither: they are held to be sold.
All three are different again from a beneficial owner, the natural person who ultimately controls the company. The beneficial owners register has not been public since the Court of Justice's judgment of 22 November 2022, and Overit publishes nothing from it.
Here too the balance sheet gives the amount and not the name. An ownership structure cannot be reconstructed from annual accounts.
Participating interests in figures
The ranking fills up as companies with published reports arrive.
Where this figure comes from
Read from the “Participating interests” line of the balance sheet filed with the Centrale des Bilans.
Related terms