A.C.I. CONCEPT
ActiveSummary
A.C.I. CONCEPT has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€45,374) and a net result of €5,990. Equity is shrinking by about 22% per year across the filed financial years. The computed 12-month bankruptcy probability is 0.6% (low).
Overview
Activity
“Toutes opérations se rapportant directement ou indirectement à l’achat,la vente,la location,la sous-location,le courtage et…” (deed in French)
From the articles, 3 activitiesNo NACE code in the KBO yet1 site
Size
€122,705total assets 2025
- Equity
- -€45,374
- Profit
- €5,990
Structure
- AGAG KarimDirector
- MOUSSAOUI LiliaDirector
2025 accounts 74 days early2 of 7 deeds summarised
Why 55raises riskCapped at 59: negative equityNegative equity -€45,374lowers riskSize: total assets €122,705Founded in 2006Show the evidence
Checked score
Score 2025
55
/ 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 36% of its sector peers (no NACE code, micro)
Negative equity caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency
0=
equity -37.0% of total assets
Liquidity
24-3
short-term debt 62.1% · cash 5.6%
Profitability
75-10
return on assets 4.9%
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 1.4%
12-2024: 1.4%● unchanged vs 11-2024
01-2025: 1.4%● unchanged vs 12-2024
02-2025: 1.4%● unchanged vs 01-2025
03-2025: 1.5%▲ +0.1 percentage points vs 02-2025
04-2025: 1.5%● unchanged vs 03-2025
05-2025: 1.5%● unchanged vs 04-2025
06-2025: 1.6%▲ +0.1 percentage points vs 05-2025highest value
07-2025: 0.6%▼ -1.0 percentage point vs 06-2025
08-2025: 0.6%● unchanged vs 07-2025
09-2025: 0.6%● unchanged vs 08-2025
10-2025: 0.6%● unchanged vs 09-2025
11-2025: 0.6%● unchanged vs 10-2025
12-2025: 0.6%● unchanged vs 11-2025
01-2026: 0.6%● unchanged vs 12-2025
02-2026: 0.7%▲ +0.1 percentage points vs 01-2026
03-2026: 0.7%● unchanged vs 02-2026
04-2026: 0.7%● unchanged vs 03-2026
05-2026: 0.7%● unchanged vs 04-2026
06-2026: 0.6%▼ -0.1 percentage points vs 05-2026lowest value
07-2026: 0.6%● unchanged vs 06-2026lowest value
08-2026: 0.6%● unchanged vs 07-2026lowest value
09-2026: 0.6%● unchanged vs 08-2026lowest value
10-2026: 0.6%● unchanged vs 09-2026lowest value
No credit on open account
Liquidity insufficient (current ratio 0.09, compared with 0.11 in 2024, below 1; short-term debt: 62.1% and cash: 5.6% of total assets), and equity is negative.
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 (no NACE code, micro): better than 5% on solvency, 14% on liquidity, 57% on profitability and 69% on growth.
The bankruptcy probability was computed on 24-10-2026 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).
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Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Four signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 days early
2024
58 days early
2023
54 days early
2022
102 days early
2021
61 days early
2020
67 days early
2019
32 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 55 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 May (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
24-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Back to profitnet €8,994
Financials · financial year 2025, micro format
Turnover
€22,960
EBIT margin
46.8%
Net result
€5,990▼ 33.4%
2024 · €8,994
Working capital
-€69,220▲ 1.7%
2024 · -€70,388
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 30% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€7,502
2025
Net result€5,990
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€122,705
2025
Equity-€45,374
2025
Debt€168,079
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€69,220
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Turnover€22,960
Operating result-€11,857€183€7,954▲ 43×€3,328▼ 58.2%-€43,433€10,738€7,502▼ 30.1%
Net result-€13,322-€1,518▲ 88.6%€6,028€1,134▼ 81.2%-€45,393€8,994€5,990▼ 33.4%
EBIT margin46.8%
Equity-€13,488--€20,610▼ 52.8%-€22,127▼ 7.4%-€16,099▲ 27.2%-€14,965▲ 7.0%-€60,358▼ 303%-€51,363▲ 14.9%-€45,374▲ 11.7%
Total assets€101,406€98,425▼ 2.9%€128,799▲ 30.9%€188,078▲ 46.0%€134,122▼ 28.7%€132,013▼ 1.6%€122,705▼ 7.1%
Debt€13,488-€122,016▲ 805%€120,552▼ 1.2%€144,898▲ 20.2%€203,043▲ 40.1%€194,480▼ 4.2%€183,376▼ 5.7%€168,079▼ 8.3%
Working capital-€40,685-€6,160▲ 84.9%-€24,536▼ 298%-€18,644▲ 24.0%-€71,993▼ 286%-€70,388▲ 2.2%-€69,220▲ 1.7%
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €122,705
Fixed assets
€115,709 ▼ 6.3%
Current assets
€6,996 ▼ 17.7%
Equity and liabilities
Equity-€45,374
Debt€168,079
Equity is negative: debt (€168,079) exceeds the balance-sheet total (€122,705).
Key figures and ratios
EBITDA
€15,303▼
2024 · €18,314
Cash flow
€13,791▼
2024 · €16,570
Solvency
-37.0%▲
2024 · -38.9%
Current ratio
0.09▼
2024 · 0.11
ROA
4.9%▼
2024 · 6.8%
Interest coverage
10.12▼
2024 · 10.50
Debt ≤ 1 year
€76,217▼
2024 · €78,891
Debt > 1 year
€91,862▼
2024 · €104,486
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,379 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 94.2% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a profit under 5% of the balance sheet
2.4%
went bankrupt
3.2%
stopped otherwise
94.2%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,474 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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 1,379 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
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | - | - | €22,960 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | - | - | €4,992 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €2,559 | €2,559 | €3,876 | €6,922 | €7,247 | €7,576 | €7,801 | ▲ 3.0% |
| Other operating charges640/8 | - | - | - | €816 | €1,565 | €508 | €641 | €545 | ▼ 14.9% |
| Non-recurring operating charges66A | - | - | - | - | - | €44,681 | - | - | - |
| Gross operating margin9900 | - | -€8,813 | €3,421 | €12,646 | €11,815 | €9,003 | €18,955 | €15,848 | ▼ 16.4% |
| Operating profit (loss)9901 | - | -€11,857 | €183 | €7,954 | €3,328 | -€43,433 | €10,738 | €7,502 | ▼ 30.1% |
| Financial charges65/66B | - | - | - | €1,926 | €2,194 | €1,960 | €1,744 | €1,512 | ▼ 13.3% |
| Recurring financial charges65 | - | €1,465 | €1,700 | €1,926 | €2,194 | €1,960 | €1,744 | €1,512 | ▼ 13.3% |
| Profit (loss) for the period before taxes9903 | - | -€13,322 | -€1,518 | €6,028 | €1,134 | -€45,393 | €8,994 | €5,990 | ▼ 33.4% |
| Profit (loss) for the period9904 | - | -€13,322 | -€1,518 | €6,028 | €1,134 | -€45,393 | €8,994 | €5,990 | ▼ 33.4% |
| Profit (loss) for the period to be appropriated9905 | - | -€13,322 | -€1,518 | €6,028 | €1,134 | -€45,393 | €8,994 | €5,990 | ▼ 33.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | - | €101,406 | €98,425 | €128,799 | €188,078 | €134,122 | €132,013 | €122,705 | ▼ 7.1% |
| Fixed assets21/28 | - | €99,250 | €96,691 | €124,216 | €132,703 | €128,509 | €123,510 | €115,709 | ▼ 6.3% |
| Tangible fixed assets22/27 | - | €99,250 | €96,691 | €124,216 | €132,703 | €128,509 | €123,510 | €115,709 | ▼ 6.3% |
| Land and buildings22 | - | - | - | €124,216 | €132,703 | €128,509 | €123,510 | €115,709 | ▼ 6.3% |
| Current assets29/58 | - | €2,156 | €1,734 | €4,583 | €55,375 | €5,613 | €8,503 | €6,996 | ▼ 17.7% |
| Amounts receivable within one year40/41 | - | - | - | €3,900 | - | - | - | - | - |
| Trade receivables40 | - | - | - | €3,900 | - | - | - | - | - |
| Cash at bank and in hand54/58 | - | €2,156 | €1,734 | €683 | €14,719 | €5,474 | €8,361 | €6,846 | ▼ 18.1% |
| Deferred charges and accrued income490/1 | - | - | - | - | €40,656 | €139 | €142 | €151 | ▲ 5.9% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0 | €101,406 | €98,425 | €128,799 | €188,078 | €134,122 | €132,013 | €122,705 | ▼ 7.1% |
| Equity10/15 | -€13,488 | -€20,610 | -€22,127 | -€16,099 | -€14,965 | -€60,358 | -€51,363 | -€45,374 | ▲ 11.7% |
| Contributions10/11 | €12,400 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€25,888 | -€39,210 | -€40,727 | -€34,699 | -€33,565 | -€78,958 | -€69,963 | -€63,974 | ▲ 8.6% |
| Amounts payable17/49 | €13,488 | €122,016 | €120,552 | €144,898 | €203,043 | €194,480 | €183,376 | €168,079 | ▼ 8.3% |
| Amounts payable after more than one year17 | - | €79,175 | €112,657 | €115,779 | €129,024 | €116,873 | €104,486 | €91,862 | ▼ 12.1% |
| Financial debts170/4 | - | - | - | €75,723 | €88,969 | €76,817 | €64,430 | €51,806 | ▼ 19.6% |
| Other amounts payable178/9 | - | - | - | €40,056 | €40,056 | €40,056 | €40,056 | €40,056 | = |
| Amounts payable within one year42/48 | €13,488 | €42,841 | €7,894 | €29,119 | €74,019 | €77,607 | €78,891 | €76,217 | ▼ 3.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €8,027 | €11,928 | €12,151 | €12,387 | €12,624 | ▲ 1.9% |
| Trade debts44 | - | - | €20 | €1,555 | €554 | €2,569 | €3,617 | €510 | ▼ 85.9% |
| Suppliers440/4 | - | - | - | €1,555 | €554 | €2,569 | €3,617 | €510 | ▼ 85.9% |
| Other amounts payable47/48 | - | - | - | €19,537 | €61,537 | €62,887 | €62,887 | €63,083 | ▲ 0.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | -€13,322 | -€1,518 | €6,028 | €1,134 | -€45,393 | €8,994 | €5,990 | ▼ 33.4% |
| + Depreciation and write-downs630 | - | €2,559 | €2,559 | €3,876 | €6,922 | €7,247 | €7,576 | €7,801 | ▲ 3.0% |
| Operating cash flow (approximation) | - | -€10,763 | €1,042 | €9,904 | €8,056 | -€38,146 | €16,570 | €13,791 | ▼ 16.8% |
| Investment in fixed assets (approximation) | - | - | €0 | -€31,401 | -€15,409 | -€3,053 | -€2,577 | €0 | - |
| Change in cash | - | - | -€422 | -€1,051 | €14,036 | -€9,245 | €2,887 | -€1,515 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 18-05-2026 | 2026-00114398 |
| 31-12-2024 | micro format | 03-06-2025 | 2025-00116444 |
| 31-12-2023 | micro format | 07-06-2024 | 2024-00121909 |
| 31-12-2022 | micro format | 20-04-2023 | 2023-00061934 |
| 31-12-2021 | micro format | 31-05-2022 | 2022-20037881 |
| 31-12-2020 | micro format | 25-05-2021 | 2021-15200168 |
| 31-12-2019 | full format | 01-09-2020 | 2020-49800317 |
| 31-12-2018 | full format | 19-09-2019 | 2019-65100289 |
| 31-12-2017 | full format | 09-07-2018 | 2018-30700432 |
| 31-12-2016 | full format | 03-07-2017 | 2017-26200477 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, last change in 2024
AGAG Karim
CurrentAdministrateur non statutaire · since 17-01-2024
MOUSSAOUI Lilia
CurrentAdministrateur non statutaire · since 17-01-2024
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 →
Not every act has been read: a resignation may still be missing
5 of this company's 7 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
3 people since 2023, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| AGAG Karim |
|
| MOUSSAOUI Lilia |
|
| Marie BLANCHARD |
|
Owners and capital
Capital and shareholders
Capital over the years
- 17-01-2024 Converted to unavailable equity · €18,600
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
18-05
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
03-06
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
31-12
Financial
Back to profitnet €8,994
Net result €8,994 after one loss-making year.
07-06
NBB filing
Annual accounts filed
financial year 2023 · micro format
17-01
Gazette deed
Resignations: AGAG Karim (manager) and MOUSSAOUI Lilia (manager)Appointments: AGAG Karim (administrateur non statutaire) and MOUSSAOUI Lilia (administrateur non statutaire) · Capital conversion · Reserve release14 facts ▸
Gazette deed
Resignations: AGAG Karim (manager) and MOUSSAOUI Lilia (manager)
Appointments: AGAG Karim (administrateur non statutaire) and MOUSSAOUI Lilia (administrateur non statutaire) · Capital conversion · Reserve release14 facts ▸
- General meeting, 07-12-2023
- Other provision, “adaptation statuts au CSA et maintien forme SRL, SRL” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “tests de liquidité et de solvabilité non requis dans cette hypothèse” (deed in French)
- Reserve release, “suppression du compte de capitaux propres statutairement indisponible, formes et majorités de la modification des statuts” (deed in French)
- Other provision, “versements futurs de la part non encore libérée du capital souscrit inscrit sur compte de capitaux propres «apports non appelés», dispense tests et apports non…” (deed in French)
- Amendment of the articles
- Capital
- Director resignation, AGAG Karim (manager)
- Director appointment, AGAG Karim (administrateur non statutaire)
- Director resignation, MOUSSAOUI Lilia (manager)
- Director appointment, MOUSSAOUI Lilia (administrateur non statutaire)
- +2 further facts in this act
2023
31-12
Financial
Weakest financial yearnet -€45,393
Net result drops to -€45,393, the lowest in the series; recovery starts the following year.
20-11
Gazette deed
Resignation: Marie BLANCHARD (director)Appointments: MOUSSAOUI Lilia (director) and AGAG Karim (director) · Director discharge5 facts ▸
Gazette deed
Resignation: Marie BLANCHARD (director)
Appointments: MOUSSAOUI Lilia (director) and AGAG Karim (director) · Director discharge5 facts ▸
- General meeting, 13-10-2023
- Director resignation, Marie BLANCHARD (director)
- Director discharge, Marie BLANCHARD
- Director appointment, MOUSSAOUI Lilia (director)
- Director appointment, AGAG Karim (director)
20-04
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
31-05
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
31-12
Financial
Back to profitnet €6,028
Net result €6,028 after 2 loss-making years.
25-05
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
01-09
NBB filing
Annual accounts filed
financial year 2019 · full format · 32 days late
Show earlier events
2019
19-09
NBB filing
Annual accounts filed
financial year 2018 · full format · 50 days late
2018
09-07
NBB filing
Annual accounts filed
financial year 2017 · full format
2017
03-07
NBB filing
Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 17 annual accounts filed, the latest 10 are here; all 17 are under Financials.
2 of 7 deeds read
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded13-12-2006
Financial year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0885644345
Also
9925:BE0885644345
Registered
11-10-2024
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 24 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, Quévy · 1 establishment unit since 2007
Ground area
1,098 m²
Building footprint
96 m²
Building volume
653 m³
Parcel 53032B0094/00T000, Wallonia · tallest building 8.1 m. Linked by address, not a title deed.
1 establishment unit
A.C.I CONCEPT
since 2007unit no. 2.158.972.055
1 parcel
Wallonia
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 53032B0094/00T000 | Wallonia | 1,098 m² | 1 · 96 m² | 8.1 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Toutes opérations se rapportant directement ou indirectement à l’achat,la vente,la location,la sous-location,le courtage et la commission de…” (deed in French)
3 activities (deed in French)
- Toutes opérations se rapportant directement ou indirectement à l’achat,la vente,la location,la sous-location,le courtage et la commission de tous biens meubles ou immeubles
- Toutes opérations de promotion se rapportant au lotissement de terrains,à des constructions,la démolition,la transformation et l’entretien d’immeubles
- Toutes les opérations commerciales,immobilières ou financières généralement quelconques se rapportant directement ou indirectement à cet objet
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- A.C.I.CONCEPT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, par simple décision de l’organe d’administration,sièges administratifs,agences,ateliers,dépôts et succursales,tant en…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Article 10, assemblée qui nomme fixe nombre,durée et,en cas de pluralité,pouvoirs” (deed in French)“Fixe ou proportionnelle, Article 12” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions requises par le CSA” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié à charge du cédant et moitié à charge du ou des acquéreurs proportionnellement au nombre d’actions acquises, tous cas de cessions…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Actions nouvelles à souscrire en numéraire offertes par préférence aux actionnaires existants proportionnellement aux actions détenues…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Saturday of May at 19:30
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues_modifications_statuts, assemblée_générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si_aucun_autre_liquidateur_désigné, quelque cause et moment” (deed in French)