Legal forms obliged to submit financial info:
In the Netherlands the following entities are obliged to submit financial statement at the Chamber of commerce register:
(The list is extensive, but the first two are the most common)
- B.V. (besloten vennootschap)
- N.V. = (naamloze vennootschap)
- Coöperatie (Coöperation)
- OWM (onderlinge waarborgmaatschappij)
- Banks
- VOF (Vennootschap Onder Firma) are not obliged to do so but there is an exception: when all partners are Foreign Companies (this is possible but not very common) it’s obliged for the VOF aswell.
- Formal foreign companies
- Foreign corporation with offices in the Netherlands. The financial statements must be filed in the country where the legal person is established.
- Associations and Foundations with business activities and a net turnover of at least € 4.4 million in two consecutive financial years.
Legal forms not obliged to submit financial info:
Not obliged: VOF (Vennootschap Onder Firma) / CV (Commanditaire Vennootschap) / EZ (EenmansZaak)
Deadlines:
- Standard term: 6 months after the closing year
It is possible to ask for delay: then it’s 13 months after the closing year (this is not uncommon)
Exceptions:
- If a company is granted a Declaration of liability by a third party they are not obliged.
- If a company is granted dispensation (not very common)
- If they break the law
What has to be submitted:
small business
- Balance sheet + limited explanation
medium business
- Balance sheet and profit and loss account + explanation
- Annual Report
- Limited other data (statement from the accountant)
large business
- Full balance sheet, profit and loss account + explanation
- Full annual report
- Complete other details (statement from the accountant)
Company sizes:
| Small | Medium | Large | |
| Balance total | <€4,4 mln. | <€17,5 mln. | >€17,5 mln. |
| Turnover | <€8,8 mln. | <€35 mln. | >€35 mln. |
| Amount employees | <50 | <250 | >250 |