News Article

Bike Totaal Transformed into Limited Company

Industry- & Retail Organizations

AMERSFOORT, Holland (September 8) – Dutch ‘Bike Totaal’ has recently been transformed into a limited company (BV). After two and a half years of preparation the Dutch retail organization for IBDs has changed it statutionary form from a foundation to a limited company. Due to this change, the circa 200 members of Bike Totaal will […]

AMERSFOORT, Holland (September 8) – Dutch ‘Bike Totaal’ has recently been transformed into a limited company (BV). After two and a half years of preparation the Dutch retail organization for IBDs has changed it statutionary form from a foundation to a limited company. Due to this change, the circa 200 members of Bike Totaal will control all the shares and thus fully own the company. The new structure will enable Bike Totaal to become an independent full-service retail organization, said Gertjo Janssen, Bike Totaal’s director. One of the bigger advantages of the limited company is that, as opposed to a foundation, the retail organization no-longer have to have advisory councils which speeds up the decision making process enormously. Also it makes a possible future merger with another Dutch retail organization called Twico Retail support (owners of Fietsplus & Scooterplus shop formats) easier, since that company is a limited company too. When this merger will actually take place is not yet know but there’s already for some time now talk about it in the Dutch bike sector. (MH)

Comment on this article