Eurofiling

What Eurofiling does

Eurofiling is an open, non-profit collaborative initiative established in February 2005 that develops shared Data Point Models (DPM), XBRL taxonomies, and supporting materials for European regulatory reporting. It serves as a coordination hub connecting the major European financial regulators (EBA, ECB, EIOPA, ESMA, SRB), national competent authorities, supervised financial institutions, and XBRL software vendors. The initiative operates with no budget, no paid staff, and no commercial activity; contributions are voluntary and logistical support is provided by XBRL Spain, with prior seed funding from the European Union.

The technical core is the Data Point Model methodology, which was published as ISO 5116 (ISO 5116-1:2021, 5116-2:2021, 5116-3:2021) in 2021. DPM underpins Eurofiling's portfolio of XBRL taxonomies, including COREP (Common Reporting for banking supervision), FINREP (Financial Reporting Framework), Solvency II (developed with EIOPA for insurance reporting), Large Exposures, Key Risk Indicators, and BSI-MIR (Balance Sheet Items and MFI Interest Rates for the European System of Central Banks). Eurofiling also produces open-source tools such as easyREADER, easyINSTANCE and easyQC (XBRL International certified for review and consumption) plus an ESEF-to-ERICA mapping tool, all freely distributed through the Openfiling community.

Distribution is entirely free and self-serve via the eurofiling.info portal. Go-to-market is community-led through annual conferences (Digital Reporting in Europe, Eurofiling XBRL Week, ~200 attendees), bi-monthly working-group calls, joint events with XBRL Europe and XBRL International, and an email distribution list. Governance is exercised through a voluntary Board headed by President Ignacio Boixo, with Board Members Elina Koskentalo and Javier Mora, and Honorary roles held by founders Luc Dufresne and Derek De Brandt.

Name

Eurofiling

Legal name

Eurofiling

Website

https://eurofiling.info

Company type

Private

Founded year

2005

Operating status

Operating

Headcount range

1–10 employees

Short description

Eurofiling is an open, non-profit collaborative initiative that develops Data Point Models, XBRL taxonomies, and open-source tools for European regulatory reporting, serving financial regulators, supervised entities, and XBRL software vendors since 2005.

Ownership category

akta.pro rank

Product category

Regulatory Reporting Software

NAICS

Other Activities Related to Credit Intermediation (522390)

SIC

International Affairs (9721)

akta.pro primary industry

Regulatory Reporting & Submissions Automation (FSAFAOAA)

akta.pro secondary industries

Regulatory Reporting Workflow, Validation & Reconciliation Tools (FSAFAKAK), Financial Regulation, AML/CFT & Tax Transparency Cooperation (BPADANAL)

Keywords

• XBRL taxonomies
• Regulatory reporting standards
• Data point modeling
• Financial reporting frameworks
• Open source XBRL tools

GTM type

B2B

Offering type

Software

Cost components

Operations, Personnel, Others

Revenue model

1. Non-profit collaborative initiative: Eurofiling is a non-profit collaborative initiative with no commercial activity and no budget. All resources, taxonomies, and documentation are provided free of charge. The initiative has no revenue-generating activities and operates through voluntary contributions and logistical support from XBRL Spain.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

Eurofiling is an open, non-profit collaborative initiative that develops and maintains the Data Point Model (DPM) methodology and XBRL taxonomies for European regulatory reporting. It delivers standardized supervisory reporting taxonomies (COREP, FINREP, Solvency II, Large Exposures, KRI, BSI-MIR) implementing the ISO 5116 DPM standard, along with open-source consumption and validation tools (easyREADER, easyINSTANCE, easyQC) for ESEF iXBRL reports. All resources are provided free of charge through a volunteer community of regulators, financial institutions, software vendors and academics.

Product overview

Eurofiling is an open collaborative initiative that serves as a central hub for European regulatory reporting standards and tools. It provides a portfolio of XBRL taxonomies (COREP, FINREP, Solvency II, Large Exposures, KRI, BSI-MIR) implementing the Data Point Model (DPM) methodology, which became ISO 5116 in 2021. The platform also offers open source software tools including easyREADER, easyINSTANCE, and easyQC for ESEF iXBRL report consumption and validation. Related initiatives include Openfiling for open source XBRL community resources and the Tool for Undertakings (T4U) for Solvency II reporting. Eurofiling collaborates with EBA, ECB, EIOPA, ESMA, and SRB on supervisory reporting frameworks.

Differentiator

Problem solved

Functional benefit

Products and services

• Data Point Model (DPM) A standardized data modeling methodology for supervisory reporting that enables consistent data understanding across banking, insurance, investment firms and other sectors; officially recognized as ISO 5116.
• COREP Taxonomy

Quantifiable outcome

• DPM methodology is now ISO 5116 standard, in use across EU, UK, South Africa, Moldova, Israel
• +1 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

13 partnerships are on record, tiered core and minor.

• European Banking Authority (EBA)coreStrategic or Co-development PartnerEBA is a core regulatory partner. Eurofiling collaborates with EBA on COREP and FINREP XBRL taxonomy development for supervisory reporting requirements under CRDIV/CRR.
• European Central Bank (ECB)coreStrategic or Co-development PartnerECB collaborates on supervisory and statistical reporting frameworks. ECB has hosted Eurofiling conferences in Frankfurt (2019) and other locations.
• European Insurance and Occupational Pensions Authority (EIOPA)coreStrategic or Co-development PartnerEIOPA uses Eurofiling's DPM methodology for Solvency II XBRL taxonomy development. EIOPA hosts meetings at their Frankfurt offices and provides regular updates on insurance reporting frameworks.
• European Securities and Markets Authority (ESMA)coreStrategic or Co-development PartnerESMA works with Eurofiling on ESEF (European Single Electronic Format) taxonomy and iXBRL standards for listed companies' annual financial reports.
• Single Resolution Board (SRB)coreStrategic or Co-development PartnerSRB collaborates on resolution reporting frameworks within the Eurofiling ecosystem.
• EFRAGminorStrategic or Co-development PartnerEFRAG is working on ESRS (European Sustainability Reporting Standards) XBRL taxonomy development in collaboration with Eurofiling.
• XBRL InternationalcoreStrategic or Co-development PartnerXBRL International is the global standards body for XBRL. Eurofiling operates as a regional jurisdiction and contributes to XBRL specification development.
• XBRL EuropecoreStrategic or Co-development PartnerXBRL Europe is a key co-organizer of Eurofiling XBRL Weeks and Data Amplified conferences. Joint activities include XBRL Europe Day events.
• Openfiling AssociationcoreStrategic or Co-development PartnerOpenfiling is an open community of practice for filing and XBRL with open source. Eurofiling collaborates on open source tools like easyREADER and easyINSTANCE.
• CEN WS XBRLcoreStrategic or Co-development PartnerCEN Workshop on XBRL develops European standards including European Filing Rules and DPM canonical descriptions. Eurofiling contributes to these standardization efforts.
• European Banking Federation (EBF)minorStrategic or Co-development PartnerEBF published recommendations for regulatory framework improvements and co-organizes workshops on supervisory reporting with Eurofiling.
• XBRL SpaincoreImplementation/ SI/ Consulting PartnerXBRL Spain provides full logistical support for Eurofiling operations since the beginning. Financial assistance from the European Union has supported certain activities.
• Bank of SpaincoreStrategic or Co-development PartnerBank of Spain (Bundesbank equivalent) hosts Eurofiling conferences and provides BSI-MIR taxonomy contributions for ECB statistical reporting.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• XBRL International: The global standards body for XBRL. Eurofiling operates as a regional jurisdiction within the XBRL International ecosystem and contributes to specification development, making it a direct coordinating peer rather than a competitor.
• XBRL Europe: Co-organizer of Eurofiling XBRL Weeks and Data Amplified conferences in Europe. Operates the same community-of-practice model for XBRL adoption at the European level and is structurally intertwined with Eurofiling.
• XBRL Spain: Provides full logistical support to Eurofiling and co-produces the easyREADER/easyINSTANCE/easyQC certified open-source tools. Operates the same open-community model at the national Spanish level and is essentially Eurofiling's operational backbone.

Emerging players

• Openfiling Association: Open community of practice for filing and XBRL with open-source tools. Collaborates closely with Eurofiling on tools such as easyREADER and easyINSTANCE and shares the same open-source/open-standards ethos.
• EFRAG: European Financial Reporting Advisory Group that develops ESRS sustainability reporting standards and is collaborating with Eurofiling on the ESRS XBRL taxonomy. Comparable as a European standards-development body with overlapping regulatory-reporting mandate.

Broad incumbents

• IFRS Foundation: Developer of IFRS Accounting taxonomy and broader sustainability disclosure standards (ISSB). Comparable as a global standards-setter whose XBRL taxonomy outputs are consumed by regulatory reporting frameworks that Eurofiling also supports.

Regional players

• XBRL US: U.S. jurisdiction member of XBRL International that drives XBRL adoption in the United States, including the Inline XBRL mandate. Comparable regional standardization role to Eurofiling, but for the U.S. market.
• XBRL Japan: Japanese jurisdiction that maintains EDINET XBRL filings for Japanese listed-company disclosures. Comparable regional-jurisdiction role for Japan with similar mission and volunteer/standards-body operating model.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/eurofiling

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Funding overview

Funding rounds

Investors

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M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Eurofiling