Insertion description

When, at the incorporation of a BV or NV, shares are paid up other than in cash or shares are issued after incorporation with a contribution in kind, a contribution description must be drawn up. In it, the founders or directors declare what is contributed and what the value thereof is. It must also explain the valuation method applied.

A contribution description must relate to a time within six months before the incorporation or issue, respectively. It must then be signed by all incorporators and directors respectively.
If the description or the values reported therein are incorrect, those who signed the description may be liable to the legal entity.

In the case of an SA, an auditor must then issue an auditor's report in respect of the description.

For more information on the contribution description, please contact us. We will be happy to help.