Liquidation of the company - BV

Liquidation of a company

In the event that the shareholders of a company decide that it is no longer viable to continue the business, it becomes necessary to liquidate the company in the Netherlands. Liquidation of Dutch BV (and legal entities in general) in Holland is possible according to two main scenarios - simplified (so-called turbo-liquidation) and standard.


Turbo liquidation of a Dutch company

This type of liquidation is applicable in cases where the company is not encumbered with assets and liabilities and its activities are actually reduced to zero. specialists prepare the necessary documents, including the liquidation balance of the company, and then accompany the procedure for excluding the company from the commercial register (KVK) of the Netherlands.

After checking the balance and documents for your company, we will provide a more detailed step-by-step algorithm of actions for simplified liquidation, if applicable, and determine the cost of support in advance.


Standard liquidation

If the conditions necessary for accelerated liquidation are not met, basic (judicial) liquidation is applied. This procedure is carried out in accordance with Articles 2:19 p. 5 and 2:23 of the Dutch Civil Code.

The procedure provides for the creation of a liquidation commission and the settlement of income and debt obligations. A plan is being prepared for the distribution of the company's assets and liabilities among the successors. If the debt liabilities exceed the assets, then bankruptcy proceedings are requested.

Often, a company that does not qualify for a simplified liquidation can take action to settle its balance sheet, resulting in an expedited liquidation. This saves not only a lot of time, but also money. Please consult us for your specific situation.

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