Thinking about filing your financial statements?

Not filing your financial statements on time can have major consequences. My colleague Erik Jansen wrote about this earlier.

Directors' liability

Failure to file financial statements on time can, in the event of a company's bankruptcy, result in director liability. If the board has not complied with the filing obligation, the law provides that the board has thereby "improperly performed its duties. This improper performance of duties is presumed to be a major cause of the bankruptcy. A risk that you should avoid and is also easy to avoid.

Failure to file financial statements is punishable

Failure to file financial statements on time also results in a criminal offense (economic crime). Nowadays, there is also more enforcement of this and in those cases a fine will be imposed which may vary in amount. But more importantly, the conviction for an economic crime can also lead to a criminal record for the legal entity. You can think about not obtaining the "certificate of conduct regarding legal persons" or the certificate of conduct for procurement . This can have major consequences for the future of the legal entity since a criminal record can play a role in integrity assessments and in obtaining subsidies and permits.

31 January 2017

In short, risks you want to avoid. Therefore, be sure to file your financial statements for the 2015 fiscal year/calendar year with the Chamber of Commerce by January 31, 2017.

Tip

Please note that due to the entry into force of the Accounting Directive Implementation Act, the delay period for filing financial statements has been shortened by 1 month. For the 2016 financial statements, they must be filed no later than December 31, 2017, assuming that the fiscal year equals the calendar year. Should there be a broken fiscal year, other deadlines apply.

Thus, be keen on the deadlines imposed on the filing requirement.