The Company Liquidation Process in Belgium

The main steps needed to liquidate and then dissolve a company in Belgium are outlined in this presentation by our lawyers. Find out more at: https://lawyersbelgium.com/company-liquidation-in-belgium/.

1. The Company Liquidation
Process in Belgium
A presentation brought to you by LawyersBelgium.com

2. When a company is no longer profitable, or
when there are other reasons to terminate
its activities, the shareholders may decide
to dissolve it.

3. Company dissolution in Belgium also
involves the liquidation of its assets.

4. Once the asset liquidation phase is completed, the company will cease to exist.

5. The goal of the liquidation process is to sell off its assets, pay the dues to any creditors and any
owed taxes, and then distribute the remaining amounts (if any) among the shareholders.

6. Once the decision is made to dissolve the company, the
Board will convene to put the legal entity into
liquidation and appoint a liquidator.

7. The liquidator’s appointment is confirmed
by court, and it is his duty to prepare the
relevant documents and handle the
essential steps of the process.

8. The liquidation process is completed when the company has resolved its outstanding debts
and the liquidator prepared the final accounts, subject to court verification and approval.

9. In some cases, a company may not be able
to pay its debts to creditors. It is then
considered in a state of bankruptcy. Our
Belgian lawyers can give you more
information about this situation.

10. For more information about company
liquidation, dissolution and bankruptcy
do not hesitate to reach out to our
lawyers in Belgium.

11. Thank You for Watching!
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www.lawyersbelgium.com
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