ABWorkx
ActiveSummary
ABWorkx is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For ABWorkx, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €646 and a net result of -€1,258. Equity is shrinking by about 48% per year across the filed financial years. Its solvency ranks better than 47% of 9,711 sector peers (NACE 64, financial year 2024). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Algemene bouwwerken; Renovatiewerken aan gebouwen; Plaatsen van gevelbekleding; Tuinaanleg en -onderhoud; Grondwerken; Afbraakwerken…” (deed in Dutch)
7 activities (deed in Dutch)
- Algemene bouwwerken
- Renovatiewerken aan gebouwen
- Plaatsen van gevelbekleding
- Tuinaanleg en -onderhoud
- Grondwerken
- Afbraakwerken
- Reinigingswerken
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ABWorkx
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, De zetel kan zonder statutenwijziging, binnen het Vlaamse Gewest of het tweetalig gebied Brussel Hoofdstad verplaatst worden…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, één of meer” (deed in Dutch)2 more provisions on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, De aandeelhouders mogen kennis nemen van dit register betreffende hun effecten.” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Een verzoek tot instemming wordt aan het bestuursorgaan gericht en moet de volledige identiteit, beroep en adres van de eventuele nieuwe…” (deed in Dutch)1 more provision on this in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Bij hun uitgifte, volgestort” (deed in Dutch)“Nieuwe aandelen waarop in geld wordt ingeschreven, per e-mail of, voor de personen waarvan de vennootschap niet over een e-mailadres…” (deed in Dutch)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Wednesday of June at 20:00
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Hernieuwbare termijn van drie jaar, één of meerdere commissarissen” (deed in Dutch)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing van de algemene vergadering, behoudens indien aan de voorwaarden voor een ontbinding, vereffening en sluiting in één akte is…” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “De vereffenaars beschikken over de wettelijk voorziene machten, tenzij de algemene vergadering die hen benoemt anders beslist met gewone…” (deed in Dutch)