Must I still prepare and file annual accounts on a turbo liquidation of my BV?

The short answer

Yes, in a slimmed-down form. On a turbo liquidation (turboliquidatie) the board files within 14 days after dissolution a balance sheet and a statement of income and expenses for the year of dissolution, an explanation of why there are no assets, and all earlier annual accounts that are still outstanding (art. 2:19b DCC). You must keep the records for seven years.

Updated 30 October 2026

What turbo liquidation is, and what it is not

A Dutch BV is dissolved by a resolution of the general meeting (art. 2:19(1)(a) DCC). If at that moment it has no assets left, it ceases to exist at the same moment and there is no liquidation (art. 2:19(4) DCC). That is what is called turbo liquidation. If there are still assets, the BV continues to exist as far as needed for the liquidation and adds "in liquidation" to its name (art. 2:19(5) DCC); the liquidator then prepares an account and statement (art. 2:23b(2) DCC), and otherwise has the same duties as a director, as far as compatible with the liquidation (art. 2:23a(1) DCC). The KVK puts it like this: for a BV without assets you can dissolve and deregister in one step; if there are assets, you dissolve first, then liquidate, and only then deregister (KVK).

What article 2:19b DCC requires of the board

If the BV has been dissolved by a general meeting resolution and has ceased to exist at the same time, the board files within fourteen days after the dissolution with the Business Register:

1. a balance sheet and a statement of income and expenses for the financial year of the dissolution, and for the preceding financial year if no annual accounts for it had yet been made public at the time of the dissolution;
2. a description of the cause of the lack of assets, where applicable how the assets were realised and the proceeds distributed, and why creditors remained wholly or partly unpaid;
3. the annual accounts of earlier financial years, if there is a duty of publication for them under article 2:394(3) that has not yet been met, with the auditor's report where that is mandatory.

The board then informs the creditors in writing, without delay (art. 2:19b(2) DCC). In paragraph 1(a) the law therefore asks for a balance sheet and a statement of income and expenses, not full annual accounts with notes. The KVK confirms that in its help form and writes that missing earlier annual accounts must be filed first.

Bear in mind that article 2:19b lapses on 15 November 2027 according to wetten.overheid.nl, with the Tijdelijke wet transparantie turboliquidatie. For a dissolution before that date the rule applies.

What happens if you do not do it

If the filing is missing, the court can, if creditors have remained unpaid, impose a director ban on the director who has not met his obligations under article 2:19b(1) (art. 2:19c(1)(a) DCC). If the board has not complied with article 2:19b(1), creditors can also ask the subdistrict court judge for access to the books of the dissolved BV (art. 2:24(4) DCC). Separately, the KVK can dissolve a BV that has not made its accounts public for at least a year, in combination with another circumstance, such as being unreachable (art. 2:19a DCC). Anyone late with the balance sheet and statement can send them afterwards with the help form, says the KVK, but the fourteen-day period remains the norm.

Retention after winding up

The board keeps a BV's records for seven years (art. 2:10(3) DCC). After dissolution that duty passes to the custodian: the books, documents and data carriers of a dissolved legal entity must be kept for seven years after it has ceased to exist (art. 2:24(1) DCC). The custodian is designated by the articles of association or the general meeting; if there is none, the subdistrict court judge appoints one. The custodian gives his name and address to the Business Register within eight days (paragraph 3). The data in the register is kept for another ten years after the end of the BV (art. 2:19(7) DCC). See how long must I keep the annual accounts.

A dormant BV: the annual accounts remain necessary every year

A BV without activities has the same yearly duty: prepare, adopt and file, even without turnover (art. 2:394 DCC; see filing without turnover). As a micro BV you file an abridged balance sheet. If you want to stop, there is an extra reason to clear the backlog: on a turbo liquidation, earlier annual accounts that were not filed must still be filed. If the BV remained in default of making accounts public for a year or longer and a second circumstance arises, such as being unreachable, the KVK can dissolve it. It is always cheaper to bring the annual accounts up to date first and then dissolve.

Case: Tuinman Consultancy BV

Tuinman Consultancy BV (financial year = calendar year) has no more assignments. There is no money in the bank and € 12.000 of debts remain. The general meeting resolves on 15 October 2026 to dissolve. There are no assets, so the BV ceases to exist. The 2025 annual accounts were filed earlier this year.

• No later than 29 October 2026 (fourteen days later) the board files a balance sheet and statement of income and expenses for 2026, the financial year of dissolution.
• The board describes why there are no assets (the client did not pay), how the remaining funds were used, and why the debt of € 12.000 remains unpaid.
• The board informs the creditors in writing. The general meeting designates a custodian, who reports to the Business Register within eight days.

Variant: 2025 has not yet been filed either. The last day for 2025 is 31 December 2026 (art. 2:394(3)), so not yet passed. Then the balance sheet and statement of income and expenses for 2025 belong with the documents under (a). If 2024 is also missing, the period for which ended on 31 December 2025, the board files that full set of annual accounts under (c).

Where it goes wrong

• Thinking that deregistering with the KVK removes the duty to file.
• Not checking whether the BV really has no assets: a receivable or a cash amount means liquidation, not turbo liquidation.
• Not designating the custodian, or not giving his details within eight days.
• Forgetting that tax and VAT returns continue as long as they are in Mijn Belastingdienst Zakelijk (the Tax Administration's business portal), according to the KVK.

How it works at Jaarrekening.io

Jaarrekening.io makes the annual accounts you still have to file, per financial year. The app has no special step for the balance sheet and statement of income and expenses on a turbo liquidation; you prepare that with the data of the last financial year. The first set of annual accounts in your account is free, for every size class.

Sources

• Art. 2:19 DCC: dissolution, text applicable from 1 July 2026 (wetten.overheid.nl)
• Art. 2:19b DCC: filing on dissolution without assets, text applicable from 1 July 2026 (wetten.overheid.nl)
• Art. 2:19c DCC: director ban, text applicable from 1 July 2026 (wetten.overheid.nl)
• Art. 2:24 DCC: retention after dissolution, text applicable from 1 July 2026 (wetten.overheid.nl)
• Art. 2:10 DCC: record-keeping and retention duty, text applicable from 1 July 2026 (wetten.overheid.nl)
• KVK: stopping and deregistering a BV
• KVK: help form for providing extra information on a turbo liquidation

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