The liquidation account is key to closing a company in Luxembourg. It gives a clear and legal record of the business's final financial status.
At Financial Services, we help companies with every step of the liquidation process. We ensure they follow Luxembourg’s laws and have a smooth dissolution.
The account of liquidation is a mandatory document that finalises the financial closure of a company. It provides:
A detailed summary of asset disposals and debt settlements.
A record of payments to creditors and the order in which they were made.
The calculation and distribution of any remaining balance (boni) to shareholders.
Once approved, it serves as legal proof that all financial and legal obligations have been met. The account of liquidation must be filed with the Luxembourg Trade and Companies Register (RCS) to officially remove the company from the register.
Business liquidation is more than just closing operations; it involves legal, financial, and administrative steps that must be completed in strict accordance with Luxembourg law.
Working with a professional liquidation advisor ensures:
Accuracy in preparing the account of liquidation.
Compliance with deadlines and filing requirements.
Proper drafting of resolutions, financial statements, and public notices.
Risk reduction, protecting shareholders from future claims or liabilities.
Depending on the company’s situation, two main liquidation methods are available.
This fast-track process is available to companies with no debts and no ongoing activity.
Key Features:
Quick completion and reduced costs.
Minimal administrative formalities.
Ideal for dormant or inactive companies.
Process Overview:
Shareholders decide on dissolution and appoint a liquidator.
The liquidator immediately settles all matters and prepares the account of liquidation.
Filing with the RCS leads to official closure of the company.
This traditional method is used for companies with active operations, assets, or liabilities.
Steps Involved:
Dissolution – Shareholder resolution, appointment of liquidator, and public notice.
Liquidation – Settlement of debts, sale of assets, and preparation of the account of liquidation.
Closure – Approval of the final accounts and deregistration from the RCS.
This process is more detailed but provides greater legal protection, particularly for companies with complex financial structures.
In Luxembourg, liquidation procedures are governed by the Law of 10 August 1915 on commercial companies and relevant tax and accounting obligations.
Key compliance steps include:
Publication in the Recueil Électronique des Sociétés et Associations (RESA).
Settlement of corporate tax and VAT accounts.
Submission of final accounts to the RCS.
Archiving of corporate documents for the legally required period.
Whether opting for a one-step or three-step liquidation, preparing an accurate account of liquidation is essential for a clean and lawful closure.
Our team ensures every stage is handled professionally, from drafting resolutions to filing with the RCS.
Contact our liquidation specialists today to secure a compliant, efficient, and risk-free company dissolution in Luxembourg.
"As a licensed accounting firm in Luxembourg, we have over 20 years of experience. Financial Services provides expert help in company formation and accounting. We also assist with KYC Luxembourg, AML compliance, and identity verification for company incorporation. Our services include liquidation and business license procedures in Luxembourg. We ensure full compliance and efficiency at every stage of your business." Mickaël LOC Managing Director Financial Services Accountant Luxembourg