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2BRICKS

Active
Private limited companyfounded 2023active for 3 yearsPersilstraat 52e, 3020 Herent, BelgiumKBO/BCE: BE 0799.493.497
Summary

The annual accounts of 2BRICKS for financial year 2025 show a net loss of 74% of the equity at the start of that year. The 2025 annual accounts show equity of €46,284 and a net result of -€128,881. Its solvency ranks better than 21% of 11,192 sector peers (NACE 68, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Activity
Renting and operating of own or leased non-residential real estate, excluding land
NACE 68203Other business support services NACE 82990
1 site
Size
€1.7mtotal assets 2025
Staff
0.4 FTE
Equity
€46,284
Loss
-€128,881
Turnover not published (abbreviated format)
Financial health
53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Structure
Largest shareholder
BIGECON · 26%
  • BIGECONDirector · permanent representative Bart Bierinckx
  • DEBAFINDirector · permanent representative Jurgen De Baerdemaeker
2025 accounts 2 days early
Why 53raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearEquity €46,284 (2.7% of total assets)Loss of €128,881, the second in a row (financial year 2025)lowers riskSector: Real estate activities (NACE 68)Size: 0.4 FTE, total assets €1.7mShow the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 20% of its sector peers (NACE 68, micro)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 28-6
equity 2.7% of total assets
Liquidity 36-5
short-term debt 34.4% · cash 1.4%
Profitability 23+23
return on assets -7.5%
Bankruptcy probability, 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,617 companies, NACE 68, micro)
Last 24 months 11-2024: 1.0% 12-2024: 0.9%▼ -0.1 percentage points vs 11-2024 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 1.0%▲ +0.1 percentage points vs 01-2025 03-2025: 0.9%▼ -0.1 percentage points vs 02-2025 04-2025: 0.8%▼ -0.1 percentage points vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.8%● unchanged vs 06-2025 08-2025: 0.8%● unchanged vs 07-2025 09-2025: 0.9%▲ +0.1 percentage points vs 08-2025 10-2025: 0.9%● unchanged vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 1.0%▲ +0.1 percentage points vs 11-2025 01-2026: 1.0%● unchanged vs 12-2025 02-2026: 1.5%▲ +0.5 percentage points vs 01-2026highest value 03-2026: 0.6%▼ -0.9 percentage points vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.6%● unchanged vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.5%▼ -0.1 percentage points vs 09-2026lowest value
Credit of up to €2,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity insufficient (current ratio 0.04, compared with 0.02 in 2024, below 1; short-term debt: 34.4% and cash: 1.4% of total assets), and 97.3% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 23% on solvency, 29% on liquidity, 22% on profitability and 8% on growth.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Seven signals.
lowers riskraises riskneutral
lowers risk · Sector: Real estate activities (NACE 68)
KBO
lowers risk · Size: 0.4 FTE, total assets €1.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €46,284 (2.7% of total assets)
NBB · annual accounts
raises risk · Loss of €128,881, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
2425
2024 to 2025 · latest year -€128,881
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 11192 sector peers (2025).
NBB · sector comparison
Position among 11192 sector peers
Solvency
better than 21%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 29-01-2026, 2 days ahead of the deadline.
NBB · 2 filings
Deviation from the deadline
2025
2 days early
2024
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 2 days before the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end28-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. IncorporationAppointments: BIGECON (director) and DEBAFIN…

Financials · financial year 2025, abbreviated format

Equity
€46,284▼ 73.6%
2024 · €175,166
Total assets
€1.7m▼ 7.9%
2024 · €1.9m
Net result
-€128,881▲ 65.9%
2024 · -€377,506
Working capital
-€569,122▼ 21.8%
2024 · -€467,171
Trend over the years

2024 to 2025, 2 financial years

The operating result stays negative: a loss of €86,957 in 2025 against €320,256 in 2024; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€0.09m 2025 Net result-€0.1m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€0.3m--€0.09m▲ 72.8%
Net result-€0.4mbelow the sector's middle half--€0.1mbelow the sector's middle half▲ 65.9%
Equity€0.2mwithin the sector's middle half-€0.05mwithin the sector's middle half▼ 73.6%
Total assets€1.9mwithin the sector's middle half-€1.7mwithin the sector's middle half▼ 7.9%
Debt€1.7m-€1.7m▼ 0.8%
Working capital-€0.5mbelow the sector's middle half--€0.6mbelow the sector's middle half▼ 21.8%
Solvency9.3%within the sector's middle half-2.7%below the sector's middle half▼ 6.7pp
Current ratio0.02below the sector's middle half-0.04below the sector's middle half▲ 0.02
Return on assets (ROA)-20.1%below the sector's middle half--7.5%below the sector's middle half▲ 12.7pp
Staff (FTE)0.5within the sector's middle half-0.4within the sector's middle half▼ 20.0%
above within below the middle half of NACE 68, Real estate activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.7m
Fixed assets €1.7m ▼ 8.7%
Current assets €25,898 ▲ 137%
Equity and liabilities €1.7m
Equity €46,284 ▼ 73.6%
Provisions €0 ▼ 100%
Debt €1.7m ▼ 0.8%
Debt's share of the balance-sheet total rises from 90.3% to 97.3%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€75,774▲
2024 · -€35,498
Cash flow
€33,849▲
2024 · -€92,749
Debt to equity
36.35▲
2024 · 9.68
ROE
-278.5%▼
2024 · -215.5%
Interest coverage
1.58▲
2024 · -0.56
Debt ≤ 1 year
€595,019▲
2024 · €478,118
Debt > 1 year
€1.1m▼
2024 · €1.2m
Staff costs
€20,555▼
2024 · €21,788
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 1,301 companies that looked in July 2024 the way this one looks now, 5.5% went bankrupt within 24 months and 92.5% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a small loss
5.5% went bankrupt
1.6% stopped otherwise
92.5% still going

A further 0.4% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.5% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 1,301 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.9m€1.7m▼
Fixed assets21/28€1.9m€1.7m▼
Tangible fixed assets22/27€1.9m€1.7m▼
Land and buildings22€1.1m€1.1m▼
Plant, machinery and equipment23€0.7m€0.6m▼
Current assets29/58€0.01m€0.03m▲
Amounts receivable within one year40/41€0.001m€489▼
Trade receivables40€0.001m€489▼
Cash at bank and in hand54/58€0.008m€0.02m▲
Deferred charges and accrued income490/1€0.002m€0.001m▼
Equity and liabilities
Total equity and liabilities10/49€1.9m€1.7m▼
Equity10/15€0.2m€0.05m▼
Contributions10/11€0.007m€0.007m=
Reserves13€0.2m€0.04m▼
Tax-exempt reserves132€0.003m-
Distributable reserves133€0.2m€0.04m▼
Profit (loss) carried forward14€0.004m€0.004m=
Provisions and deferred taxes16€0.006m-
Deferred taxes168€0.006m-
Amounts payable17/49€1.7m€1.7m▼
Amounts payable after more than one year17€1.2m€1.1m▼
Financial debts170/4€1.2m€1.1m▼
Amounts payable within one year42/48€0.5m€0.6m▲
Current portion of amounts payable after more than one year42€0.1m€0.1m▲
Financial debts43€0.003m-
Credit institutions430/8€0.003m-
Trade debts44€0.01m€0.007m▼
Suppliers440/4€0.01m€0.007m▼
Taxes, remuneration and social security45€0.004m€0.002m▼
Taxes450/3€0.003m€0.002m▼
Remuneration and social security454/9€0.001m€459▼
Other amounts payable47/48€0.3m€0.5m▲
Accrued charges and deferred income492/3€0.004m€0.003m▼
Income statement Code20242025
Remuneration, social security and pensions62€0.02m€0.02m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.2m▼
Other operating charges640/8€0.2m€0.01m▼
Gross operating margin9900€0.2m€0.1m▼
Operating profit (loss)9901-€0.3m-€0.09m▲
Financial charges65/66B€0.06m€0.05m▼
Recurring financial charges65€0.06m€0.05m▼
Profit (loss) for the period before taxes9903-€0.4m-€0.1m▲
Transfer from deferred taxes780€0.006m€0.006m=
Profit (loss) for the period9904-€0.4m-€0.1m▲
Transfer from tax-exempt reserves789€0.003m€0.003m=
Profit (loss) for the period to be appropriated9905-€0.4m-€0.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€0.4m-€0.1m▲
Profit (loss) brought forward from the previous period14P€0.004m€0.004m=
Transfer from equity791/2€0.4m€0.1m▼
Social balance sheet
Average headcount (FTE)90870.50.4▼

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€21,788€20,555▼ 5.7%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€284,758€162,731▼ 42.9%
Other operating charges640/8€197,317€10,956▼ 94.4%
Gross operating margin9900€183,608€107,284▼ 41.6%
Operating profit (loss)9901-€320,256-€86,957▲ 72.8%
Financial charges65/66B€63,299€47,972▼ 24.2%
Recurring financial charges65€63,299€47,972▼ 24.2%
Profit (loss) for the period before taxes9903-€383,554-€134,929▲ 64.8%
Transfer from deferred taxes780€6,048€6,048=
Profit (loss) for the period9904-€377,506-€128,881▲ 65.9%
Transfer from tax-exempt reserves789€3,387€3,387=
Profit (loss) for the period to be appropriated9905-€374,119-€125,494▲ 66.5%
Line20242025Change
Assets
Total assets20/58€1.9m€1.7m▼ 7.9%
Fixed assets21/28€1.9m€1.7m▼ 8.7%
Tangible fixed assets22/27€1.9m€1.7m▼ 8.7%
Land and buildings22€1.1m€1.1m▼ 1.9%
Plant, machinery and equipment23€0.7m€0.6m▼ 19.6%
Current assets29/58€0.01m€0.03m▲ 137%
Amounts receivable within one year40/41€0.001m€489▼ 25.5%
Trade receivables40€0.001m€489▼ 25.5%
Cash at bank and in hand54/58€0.008m€0.02m▲ 194%
Deferred charges and accrued income490/1€0.002m€0.001m▼ 43.3%
Equity and liabilities
Total equity and liabilities10/49€1.9m€1.7m▼ 7.9%
Equity10/15€0.2m€0.05m▼ 73.6%
Contributions10/11€0.007m€0.007m=
Reserves13€0.2m€0.04m▼ 78.6%
Tax-exempt reserves132€0.003m--
Distributable reserves133€0.2m€0.04m▼ 78.1%
Profit (loss) carried forward14€0.004m€0.004m=
Provisions and deferred taxes16€0.006m--
Deferred taxes168€0.006m--
Amounts payable17/49€1.7m€1.7m▼ 0.8%
Amounts payable after more than one year17€1.2m€1.1m▼ 10.6%
Financial debts170/4€1.2m€1.1m▼ 10.6%
Amounts payable within one year42/48€0.5m€0.6m▲ 24.5%
Current portion of amounts payable after more than one year42€0.1m€0.1m▲ 4.1%
Financial debts43€0.003m--
Credit institutions430/8€0.003m--
Trade debts44€0.01m€0.007m▼ 42.1%
Suppliers440/4€0.01m€0.007m▼ 42.1%
Taxes, remuneration and social security45€0.004m€0.002m▼ 42.4%
Taxes450/3€0.003m€0.002m▼ 35.0%
Remuneration and social security454/9€0.001m€459▼ 60.5%
Other amounts payable47/48€0.3m€0.5m▲ 36.6%
Accrued charges and deferred income492/3€0.004m€0.003m▼ 30.1%
Line20242025Change
Profit (loss) for the period9904-€377,506-€128,881▲ 65.9%
+ Depreciation and write-downs630€284,758€162,731▼ 42.9%
Operating cash flow (approximation)-€92,749€33,849-
Investment in fixed assets (approximation)-€0-
Change in cash-€15,994-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
30-06-2025 abbreviated format 29-01-2026 2026-00025235
30-06-2024 abbreviated format 30-01-2025 2025-00027575

Similar companies · same sector, comparable size

Of the 12,059 active companies whose main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203), figures are known for 6,168. 3,128 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, no change since 2023

Board 2

BIGECON
Eerste niet statutair bestuurder · since 23-03-2023 · Private limited company · permanent representative: Bart Bierinckx
Current
DEBAFIN
Eerste niet statutair bestuurder · since 23-03-2023 · Private limited company · permanent representative: Jurgen De Baerdemaeker
Current

Permanent representatives 2

Bart Bierinckx
Permanent representative · since 23-03-2023 · for BIGECON
Current
Jurgen De Baerdemaeker
Permanent representative · since 23-03-2023 · for DEBAFIN
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

2 people since 2023, 2 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
BIGECON
  • Eerste niet statutair bestuurder, from 23-03-2023 to date
DEBAFIN
  • Eerste niet statutair bestuurder, from 23-03-2023 to date
See the board, name and registered office on a given date →

Owners and capital

Owners

2 owners

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
IM ASSOCIATES
Shared corporate director
→

History

2BRICKS was incorporated on 14 March 2023 as a private limited company.1 The board currently has 2 members; 2 of them have served since 2023.2 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 23-03-2023
  3. 3National Bank, annual accounts 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-01-2027
2026
29-01
NBB filing Annual accounts filed
financial year 2025 · abbreviated format
2025
30-01
NBB filing Annual accounts filed
financial year 2024 · abbreviated format
2023
23-03
Gazette deed Incorporation
Appointments: BIGECON (director) and DEBAFIN (director) · Permanent representatives: Bart Bierinckx and Jurgen De Baerdemaeker · Auditor report35 facts ▸
  • Other provision, “autonome exploitatie bedrijvencentrum IMA en uitbreiding naar andere Gebruikers, afgesplitst vermogen als bedrijfsonderdeel” (deed in Dutch)
  • Other provision, “overname co-working services agreements en vastgoedcliënteel, hierna vermelde onroerende goederen” (deed in Dutch) (2 times)
  • Other provision, “overgedragen contracten en roerende goederen, privatieve en gemeenschappelijke lokalen en gemeenschappelijke bureautica” (deed in Dutch)
  • Other provision, “overname ICT-contract operationele leasing, operationeel leasing contract Cloud Telecom en toebehoren” (deed in Dutch)
  • Other provision, “overname abonnementen room booking en communicatiescherm” (deed in Dutch)
  • Other provision, “overgedragen nuts-,gebouw- en ICT-contracten en infrastructuur” (deed in Dutch)
  • Other provision, “overname onthaal- en communicatiefuncties” (deed in Dutch)
  • Other provision, “overgang rechten en plichten afgesplitste onroerende goederen en passiva, alle rechten en plichten met betrekking tot af te splitsen onroerende goederen en af t…” (deed in Dutch)
  • Auditor report, 09-02-2023, “inbreng in natura vermogensbestanddelen” (deed in Dutch)
  • Other provision, “vertegenwoordiging revisorenvennootschap, bedrijfsrevisor” (deed in Dutch)
  • Real estate, “bijzondere vorm artikel 12:14 WVV” (deed in Dutch)
  • Real estate, “overdracht alle aangehouden onroerende zakelijke rechten van beschreven materiële vaste activa, partiële splitsing” (deed in Dutch)
  • +23 further facts in this act
Gazette deedNBB filing
1 of 1 deed read

Register details

Identification
Legal formPrivate limited company
Founded14-03-2023
Financial year end30-06
Activities, NACEBEL 2025
68203Renting and operating of own or leased non-residential real estate, excluding land
82990Other business support services
E-invoicing
Reachable via Peppol
Peppol ID 0208:0799493497
Also 9925:BE0799493497

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 27 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Herent · 1 establishment unit since 2023
registered office establishment The establishment unit on the map
Ground area
5,909 m²
Building footprint
3,317 m²
Building volume
43,630 m³
Parcel 24423H0194/00A002, Flanders · tallest building 53.0 m. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
2BRICKS
Persilstraat 52e, 3020 HerentRenting and operating of own or leased non-residential real estate, excluding land
since 2023unit no. 2.343.882.660
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
24423H0194/00A002 Flanders 5,909 m² 1 · 3,317 m² 53.0 m · 4
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
2BRICKS
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij enkel besluit…” (deed in Dutch)

deed of 23-03-2023

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“ledere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Hij kan bijzondere machten…”
Board ruleHow the board is made up, meets and takes decisions.
“Één of meer bestuurders, Artikel 11” (deed in Dutch)
“Artikel 12, geheel van bevoegdheden met mogelijkheid deel te delegeren” (deed in Dutch)
“Algemene kosten los van representatie- reis- en verplaatsingskosten, algemene vergadering” (deed in Dutch)

deed of 23-03-2023

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Prijs in oorspronkelijke bekendmaking of bij betwisting door deskundige, helft overdrager helft koper(s) naar evenredigheid aantal bij…” (deed in Dutch)

deed of 23-03-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Vormen vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Bestuurder(s) in functie krachtens statuten indien geen andere benoemd” (deed in Dutch)

deed of 23-03-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Statutair onbeschikbaar eigen vermogen, inbrengen van aandeelhouders geboekt op beschikbare rekening” (deed in Dutch)
Other provision: “Stortingsplicht, bepaalt vrij naargelang behoeften en op door hem bepaalde tijdstippen latere stortingen op in speciën onderschreven…” (deed in Dutch)
Other provision: “Bijkomende inbrengen - uitgifte van nieuwe aandelen, afstand van verslagen mits eenparig besluit algemene vergadering waarop alle…” (deed in Dutch)
Other provision: “17.00 uur, oktober” (deed in Dutch)
Other provision: “Toegang algemene vergadering, als zodanig ingeschreven in register effecten op naam voor eigen categorie” (deed in Dutch)
Other provision: “Een bestuurder, bij gebrek aandeelhouder met meeste aandelen, bij pariteit oudste, zittingen-processen-verbaal” (deed in Dutch)
Other provision: “Bestuursorgaan tijdens zitting, verdaging algemene vergadering” (deed in Dutch)
Other provision: “Bestemming winst-reserves, algemene vergadering op voorstel bestuursorgaan” (deed in Dutch)
Liquidation distribution: “Goederen in natura zelfde wijze verdeeld, netto actief onder alle aandeelhouders naar verhouding aantal aandelen” (deed in Dutch)
Other provision: “Mededelingen,aanmaningen,dagvaardingen,betekeningen, woonstkeuze” (deed in Dutch)
Other provision: “Rechtbank in wiens rechtsgebied zetel gevestigd, betwisting zaken vennootschap en uitvoering statuten tussen…” (deed in Dutch)
Other provision: “Gemeen recht, bepalingen Wetboek van vennootschappen en verenigingen waarvan niet geldig afgeweken geacht ingeschreven” (deed in Dutch)
Other provision: “Controle van de vennootschap, één of meerdere commissarissen” (deed in Dutch)
5 more provisions in the deed, see the deed of 23-03-2023

deed of 23-03-2023