Close
A turbo liquidation is a fast-track procedure for the dissolution and winding up of a private limited company, foundation or other entity.
It happens that a holding BV , management BV , operating company or empty BV has not carried out any activities for years.
This often means that no turnover has been made and that no debts have been built up. The status of the BV’s balance sheet is that there are no assets and (preferably) no debts. In addition, the bookkeeping is in order and all annual accounts for the previous years have been drawn up and filed with the Chamber of Commerce.
In this situation, a turbo liquidation can take place. Is this the case with your BV? Then you can dissolve the BV directly , or plan an appointment online to discuss your situation.
With the help of our service you can independently dissolve your BV for a fixed amount starting from € 289.
Navigate directly to the answer to your question:
Turbo liquidation has a number of advantages. We share the most important advantages of turbo liquidating a BV. This allows you to make a well-considered choice and have a clear picture of the advantages of liquidating your BV using this accelerated procedure.
A BV that is inactive or has relatively little turnover costs time and money every year. You are required to draw up annual accounts, often done by an accountant, and these must be officially approved by the general meeting every year. The annual accounts must then be filed with the Chamber of Commerce. If you stop the BV by means of a turbo liquidation, you no longer have to do this. This saves you time and money every year.
In addition, the BV remains obliged to file tax returns, including the VAT return and the annual Corporate Income Tax (also known as VPB) return. All in all, these obligations do not outweigh the maintenance of an inactive private limited company. Are you in this situation? Then dissolving the BV is worth considering, especially if you have no further plans for the BV.
If your BV is inactive, the fastest route to liquidate the BV is turbo liquidation. You can use this immediately if there are no assets on the balance sheet and when all annual accounts for previous years have been drawn up and filed.
If so, you can dissolve the BV within one business day via our service. This is different from a regular liquidation , that process takes at least 2.5 months.
When there are multiple shareholders in a BV, the articles of association can be drawn up in such a way that you must meet annually for a shareholders’ meeting to (for example) approve the annual accounts. The turbo liquidation ensures that this is no longer necessary.
The law states that a private limited company without assets but with debts can use a turbo liquidation. The condition here is that you must inform creditors about the liquidation in a legally correct manner. However, you must be careful with this, because you do not want to disadvantage creditors.
Preferably, you first talk to the creditors before proceeding to (turbo) liquidate the BV. In short, dissolving a BV with debts is possible, but there are several catches. Contact us for more information.
Turbo liquidation also has a number of disadvantages. It is important to read these and determine whether they apply to your situation before you dissolve the BV. If you have any doubts about your situation, schedule an appointment with us to discuss your situation.
One of the disadvantages of a turbo liquidation occurs if it turns out afterwards that there is a debt in the company. The creditor can then ask the court for liquidation. If the court agrees, the dissolution is reversed and the company can then be declared bankrupt. For the director of the legal entity, this can be a serious risk, because there are situations in which you can be held personally liable for the debts.
For example, because the annual accounts have not been filed or if the creditors have been incorrectly informed. You can prevent this situation by checking very carefully before the turbo liquidation whether there are really no debts.
Does your BV have assets? Then these must first be liquidated before you can proceed to accelerated liquidation. The alternative is to follow a normal liquidation procedure if the BV has assets and/or current obligations.
Another disadvantage of turbo liquidation is that there is a risk that the director will be held personally liable, for example if he has used the turbo liquidation for improper purposes. This may be because the director knew that there were debts or assets in the private limited company.
In a turbo liquidation, debts may be present, in some cases this is even desirable. However, it is important that you are certain that there are no more assets. Otherwise, the BV may have to be re-established, in order to subsequently sell the assets. Think of cars, receivables, and machines, these can only be sold if the BV exists.
The accelerated liquidation or turbo liquidation can take place through us for a fixed price. We believe in speed, clarity and transparency.
A turbo liquidation does not have to take place with the assistance of a notary, administration office or lawyer and therefore costs considerably less than setting up a BV and can also take place much faster.
Our experts can support you personally, if desired, during the entire process, for a fixed amount per dissolved BV. If you want to have more than 2 BVs turboliquidated or liquidated, we apply a discount. For more information, you can make an appointment .
To make the turbo liquidation as easy and clear as possible, we work with a clear step-by-step plan. Below are the six steps that we follow together with you to liquidate your company.
The first step of the turbo liquidation step-by-step plan is immediately one of the most important steps: determining that the asset side of the balance sheet is at zero. Proceed carefully when assessing this. Make sure that there are no assets present.
The second step is to determine whether there are debts. If there are not, we can move on to Step 3. If there are debts, we need to inventory whether and how they will be paid. Once this is clear, we continue the process.
Here we determine whether all annual accounts for previous years have been drawn up and filed with the Chamber of Commerce. If this is the case, we proceed to step 4. If this is not the case, you will be faced with a choice. The choice depends on the number of annual accounts that you still have to file and whether you do this yourself or an accountant. If multiple annual accounts are not in order, liquidation is often a more advantageous way to dissolve. Does this only concern the past year and does your accountant file the annual accounts? Then we can proceed to Step 4.
Your BV is suitable for a turbo liquidation! As soon as we have drawn up the documents, we will send them to you. You check them one last time and then put your signature. You stick a date on them and your BV is officially dissolved.
Once the documents are signed, send them to the Chamber of Commerce. The BV will be deregistered from the Chamber of Commerce Trade Register. This completes the dissolution process.
If the company has been deregistered from the Trade Register, a corporate tax return usually still has to be filed. This return concerns the year in which the company was liquidated. You will often need your accountant for this as well.
You do not want to run up against directors’ liability by not properly following the conditions and steps for dissolving a BV. The problems usually arise when the BV has already been dissolved and the obligations of the BV have not been sufficiently taken into account. This has become even stricter since the law on transparency of turbo liquidation.
In a turbo liquidation, it is important that the BV no longer has any obligations to other companies or persons. Would you like to read the legal information about this? All information about the law and regulations surrounding a turbo liquidation can be found in Book 2 Article 19 of the Civil Code.
Are you unsure whether you meet the above requirements and do you want to terminate your BV via a turbo liquidation? Go through our check to be sure or make an appointment .
If a company is liquidated, the Trade Register must be informed of who will be the custodian of the books and documents of the legal entity. The custodian is obliged to keep these documents for seven years after the end of the legal entity. We ensure that a custodian is registered with the Chamber of Commerce and that you are informed of who will be the custodian and which documents this person must keep.
You can also perform a turbo liquidation in the case of a tax debt. In some cases it is even better to dissolve, because the tax debt cannot increase any further. However, the debt does not disappear through the liquidation. The debt is there and a director is responsible for it, even after the turbo liquidation. You can ask the Tax Authorities whether it is possible to reach a settlement.
With a turbo liquidation you can for example dissolve a BV, Cooperative, Association, NV or foundation . You may only do this if there are no more assets in the company, so if there are no more assets and no activities are carried out.
There are a number of situations in which turbo liquidation cannot take place. For example, if shares have been pledged or if a usufruct has been established on shares.
Situations in which turbo liquidation cannot take place include if there are still employees in the company’s service, if there are assets or if there are still ongoing contracts. In the answer about usufruct, we already stated that turbo liquidation is not possible if shares have been pledged or if a usufruct has been established on shares.
All-in Prices
an online turbo liquidation from €289,-
Start within 24 hours
Dissolving BV.nl starts the dissolution
process within one day
Specialist in dissolving BV’s
More than 10 years of experience in legal services
rated with a 9.4
© All rights reserved | LegalDirekt
Created by GRWTH Club.
