Summary
1251 has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low). No annual accounts have been filed with the National Bank.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
- “Geen omzetting vereist naar WVV Boek 14, behouden” (deed in Dutch)
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuurs- en uitbatingszetels, agentschappen en bijhuizen, bureaus en stapelhuizen in België en buitenland bij eenvoudige…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De enige zaakvoerder vertegenwoordigt de vennootschap jegens derden en in rechte, zowel als eiser als verweerder. Indien er twee…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde duur, één of meerdere” (deed in Dutch)“Ontslag zaakvoerder, wettige redenen” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Aandelenregister, 1/100ste” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- 3 provisions in the deed
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
- “Wanneer alle vennoten aanwezig zijn en allen daarmee akkoord gaan, kan een algemene vergadering zonder voorafgaande oproepingen beraadslagen…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed