ADIROM CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of ADIROM CONSTRUCT is 3.0% (moderate). The 2024 annual accounts show equity of €234,364 and a net result of €19,464. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 71% of 35,976 sector peers (NACE 43, financial year 2024). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €234,364
- Profit
- €19,464
- IORDACHE NicolaieDirector
- IORDACHE FlorinDirector
Why 51raises riskFigures for financial year 2024 (filed 17-11-2025)1 financial year not filed after the legal deadline; last filed accounts filed 106 days late; 3 of the last 3 lateSector: Specialised construction activities (NACE 43)lowers riskEquity €234,364 (65.1% of total assets)Show the evidence
Checked score
About 3 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 43, micro): better than 71% on solvency, 27% on liquidity, 50% on profitability and 54% 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).
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Signals
This company filed its last 6 accounts on average 102 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (1)
- Resignation: ARSENOIU Alexandru (director)Appointment: IORDACHE Florin (director) ·…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 28 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result recovers in 2024; 2024 is 3.3 times 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction 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).
Peer companies
Historical observationOf the 34,693 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95.3% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a higher bankruptcy probability: 3.0% 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%.
| 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 34,693 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €8,125 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €24,725 | €28,222 | €31,498 | €31,572 | ▲ 0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,953 | €12,237 | €22,280 | €21,462 | €14,642 | €6,962 | €3,385 | ▼ 51.4% |
| Other operating charges640/8 | - | - | - | €799 | €5,136 | €1,699 | €4,290 | ▲ 153% |
| Gross operating margin9900 | €43,851 | €40,476 | €53,051 | €81,485 | €90,561 | €50,466 | €73,160 | ▲ 45.0% |
| Operating profit (loss)9901 | €22,774 | €24,129 | €22,784 | €34,499 | €42,560 | €10,307 | €33,914 | ▲ 229% |
| Financial income75/76B | - | - | - | - | €3 | €9 | - | - |
| Recurring financial income75 | - | - | €2,000 | - | €3 | €9 | - | - |
| Financial charges65/66B | - | - | - | €1,212 | €839 | €252 | €148 | ▼ 41.1% |
| Recurring financial charges65 | €546 | €937 | €496 | €1,212 | €839 | €252 | €148 | ▼ 41.1% |
| Profit (loss) for the period before taxes9903 | €22,228 | €23,192 | €24,288 | €33,287 | €41,723 | €10,064 | €33,766 | ▲ 236% |
| Income taxes67/77 | €18,972 | €23,220 | €7,900 | €4,943 | €3,632 | - | €14,302 | - |
| Profit (loss) for the period9904 | €3,256 | -€28 | €16,388 | €28,344 | €38,091 | €10,064 | €19,464 | ▲ 93.4% |
| Profit (loss) for the period to be appropriated9905 | €3,256 | -€28 | €16,388 | €28,344 | €38,091 | €10,064 | €19,464 | ▲ 93.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €184,349 | €220,893 | €294,910 | €216,741 | €258,554 | €324,011 | €359,879 | ▲ 11.1% |
| Fixed assets21/28 | €38,323 | €30,085 | €63,064 | €41,602 | €13,340 | €6,377 | €2,993 | ▼ 53.1% |
| Tangible fixed assets22/27 | €38,323 | €30,085 | €63,064 | €41,602 | €13,340 | €6,377 | €2,993 | ▼ 53.1% |
| Plant, machinery and equipment23 | - | - | - | €10,072 | €10,346 | €6,364 | €2,979 | ▼ 53.2% |
| Furniture and vehicles24 | - | - | - | €31,530 | €2,993 | €14 | €14 | = |
| Current assets29/58 | €146,026 | €190,808 | €231,846 | €175,139 | €245,215 | €317,633 | €356,886 | ▲ 12.4% |
| Amounts receivable within one year40/41 | €99,701 | €134,685 | €178,260 | €126,468 | €210,573 | €246,178 | €341,055 | ▲ 38.5% |
| Trade receivables40 | - | - | - | €117,442 | €191,570 | €220,000 | €258,810 | ▲ 17.6% |
| Other amounts receivable41 | - | - | - | €9,026 | €19,003 | €26,178 | €82,245 | ▲ 214% |
| Cash at bank and in hand54/58 | €46,325 | €56,123 | €52,471 | €46,827 | €31,845 | €71,332 | €11,883 | ▼ 83.3% |
| Deferred charges and accrued income490/1 | - | - | - | €1,844 | €2,797 | €124 | €3,949 | ▲ 32× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €184,349 | €220,893 | €294,910 | €216,741 | €258,554 | €324,011 | €359,879 | ▲ 11.1% |
| Equity10/15 | €122,041 | €122,013 | €138,401 | €166,745 | €204,836 | €214,900 | €234,364 | ▲ 9.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €113,981 | €113,953 | €130,341 | €158,685 | €196,776 | €206,840 | €226,304 | ▲ 9.4% |
| Amounts payable17/49 | €62,308 | €98,880 | €156,509 | €49,996 | €53,719 | €109,111 | €125,515 | ▲ 15.0% |
| Amounts payable after more than one year17 | €17,028 | €12,396 | €7,672 | €2,855 | - | - | - | - |
| Financial debts170/4 | - | - | - | €2,855 | - | - | - | - |
| Amounts payable within one year42/48 | €45,280 | €86,484 | €148,836 | €47,142 | €53,719 | €109,111 | €125,515 | ▲ 15.0% |
| Current portion of amounts payable after more than one year42 | - | - | - | €4,818 | €2,855 | - | - | - |
| Trade debts44 | €32,200 | €81,853 | €119,809 | €29,182 | €35,063 | €96,085 | €56,119 | ▼ 41.6% |
| Suppliers440/4 | - | - | - | €29,182 | €35,063 | €96,085 | €56,119 | ▼ 41.6% |
| Taxes, remuneration and social security45 | - | - | - | €1,638 | €10,425 | €7,651 | €61,649 | ▲ 706% |
| Taxes450/3 | - | - | - | - | €7,454 | €2,923 | €55,479 | ▲ 19× |
| Remuneration and social security454/9 | - | - | - | €1,638 | €2,971 | €4,727 | €6,170 | ▲ 30.5% |
| Other amounts payable47/48 | - | - | - | €11,504 | €5,376 | €5,376 | €7,748 | ▲ 44.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,256 | -€28 | €16,388 | €28,344 | €38,091 | €10,064 | €19,464 | ▲ 93.4% |
| + Depreciation and write-downs630 | €14,953 | €12,237 | €22,280 | €21,462 | €14,642 | €6,962 | €3,385 | ▼ 51.4% |
| Operating cash flow (approximation) | €18,209 | €12,209 | €38,669 | €49,805 | €52,733 | €17,026 | €22,848 | ▲ 34.2% |
| Investment in fixed assets (approximation) | - | -€4,000 | -€55,259 | €0 | €13,620 | €0 | €0 | - |
| Change in cash | - | €9,798 | -€3,652 | -€5,644 | -€14,982 | €39,487 | -€59,449 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | micro format | 14-11-2025 | 2025-00566809 |
| 31-12-2023 | micro format | 06-11-2024 | 2024-00530446 |
| 31-12-2022 | micro format | 31-12-2023 | 2024-00544296 |
| 31-12-2021 | micro format | 22-08-2022 | 2022-20300956 |
| 31-12-2020 | micro format | 10-11-2021 | 2021-77000447 |
| 31-12-2019 | micro format | 09-12-2020 | 2020-75100305 |
| 31-12-2018 | micro format | 31-08-2019 | 2019-58300521 |
| 31-12-2016 | micro format | 26-01-2018 | 2018-02700519 |
| 31-12-2015 | full format | 31-08-2016 | 2016-51800398 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| IORDACHE Nicolaie |
|
| IORDACHE Florin |
|
| ARSENOIU Alexandru |
|
Owners and capital
Capital and shareholders
- 06-10-2023 Capital stated in the deed · 100 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-03
Gazette deed
Resignation: ARSENOIU Alexandru (director)Appointment: IORDACHE Florin (director) · Director discharge4 facts ▸
- General meeting, 02-01-2026
- Director resignation, ARSENOIU Alexandru (director)
- Director discharge, ARSENOIU Alexandru
- Director appointment, IORDACHE Florin (director)
23-11
Gazette deed
Appointments: ARSENOIU Alexandru (director) and IORDACHE Nicolaie (director)Board rule4 facts ▸
- General meeting, 25-09-2023
- Board rule, 2
- Director appointment, ARSENOIU Alexandru (director (not named in the articles))
- Director appointment, IORDACHE Nicolaie (director (not named in the articles))
06-10
Gazette deed
Resignation: IORDACHE Nicolaie (director)Appointments: ARSENOIU Alexandru (director) and IORDACHE Nicolaie (director) · Amendment of the articles · Capital conversion12 facts ▸
- General meeting, 25-09-2023
- Amendment of the articles (2 times)
- Capital conversion, “de plein droit, article 39,§2,deuxième alinéa de la loi du 23 mars introduisant le Code des sociétés et des associations et portant des dispositions diverses” (deed in French)
- Other provision, “suppression du compte de capitaux propres statutairement indisponible et mise à disposition pour distributions futures, formes et majorités de la modification d…” (deed in French)
- Capital
- Power of attorney, Wouter Vandenbosch
- Director resignation, IORDACHE Nicolaie (director)
- Board rule, 2
- Other provision, “décharge gérant démissionnaire, décidée à prochaine assemblée générale annuelle pour exécution mandat” (deed in French)
- Director appointment, ARSENOIU Alexandru (director (not named in the articles))
- Director appointment, IORDACHE Nicolaie (director (not named in the articles))
- Registered office clause, “1000 Bruxelles,Quai du Commerce 21” (deed in French)
Show earlier events
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
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.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0600.783.752
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21812N1396/00W000 | Brussels | 315 m² | 1 · 315 m² | 32.3 m · 10 |
| 41303D0776/00Y008 | Flanders | 190 m² | 1 · 131 m² | 15.2 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'exploitation de restaurant,snack,friterie,pizzeria,salon de consommation,taverne,brasserie,débit de boissons,ainsi que…” (deed in French)
68 activities (deed in French)
- L'exploitation de restaurant,snack,friterie,pizzeria,salon de consommation,taverne,brasserie,débit de boissons,ainsi que l'importation,l'achat,la vente et le commerce en général de denrées alimentaires et de boissons alcoolisées ou non alcoolisées;accessoirement et éventuellement,l'exploitation d'hôtels et de tout ce qui est relatif à de pareilles activités.La société peut donc avoir pour objet tout ce qui touche à l'horéca,l'importation et l'exportation;
- Le transport national et international sous toutes ses formes et par tous moyens,de toutes marchandises et produit dont la charge nette n'excède pas cinq cents kilogrammes;
- L'exploitation de garages,d'ateliers d'entretien et de réparation de ces véhicules,de même que l'exploitation de magasins de pièces de rechange et d'accessoires pour l’automobile,ainsi que l'exploitation d'un ou plusieurs car-wash;
- L'exploitation de garages et ateliers pour la réparation sur place ainsi que le dépannage sur route de véhicules à moteurs neufs ou d'occasion,remorques,camions,camionnettes et autres véhicules neufs ou d'occasion,le graissage et autres entretiens ordinaires ainsi que la réparation de carrosserie;
- L'exploitation de pompe à essence,et la vente de tous carburants,tels que,entre autres,mazout(routier et de chauffage),diesel,gaz,huiles etcetera;
- Le nettoyage,l’entretien et la désinfection de meubles et objets divers ainsi que de locaux commerciaux et industriels,de bureaux,ainsi que le nettoyage de vitres;
- L’entretien de parcs et jardins ainsi que la désinfection et la dératisation;
- Le nettoyage de façades.
- L’entreprise du bâtiment,sans limitation d’activité,celles qui seraient réglementées débutant à partir des agréations,en ce compris l’entreprise générale,à titre exemplatif mais non limitatif:
- La vente,achat,import,export,entretien,réparation,maintenance,réalisation et pose de matériels de quincailleries,chauffages,climatisation,pompe à chambre,chambre froide,aérations,ventilations,refroidissement,conditionnement d'air;
- L'exploitation d'un atelier spécial de l'industrie des fabrications métalliques;
- L'entreprise de fabrication et de placement de ferronneries et de menuiseries(entre autres châssis,portes,balustrades,escaliers et volets)métalliques;
- Entreprise de construction métallique en aluminium,acier et inox
- L'entreprise de couverture et de toiture de constructions et tous bardages;
- La location de tout matériel de construction ou autre parmi lesquels on retrouve,les échafaudages,bobcat,foreuses,ponceuses,perceuses,mélangeurs,échelles,remorques,meuleuses,décapeuses,nettoyeurs haute pression,scies sauteuses,…;
- L’entreprise du bâtiment sans limitation d’activité,celles qui seraient réglementées débutant à partir des agréations,en ce compris l’entreprise générale;
- En matière d’architecture d’intérieur,un bureau d’études chargé notamment de l’organisation d’espaces de bureaux,industriels ou commerciaux,l’établissement d’études,plans,coordination en ces domaines,l’achat et la revente de produits et articles de décoration,l’achat et la revente de mobilier d’aménagement pour bureau,commerce,industrie,habitation,l’achat et la vente,la location d’immeubles bâtis ou non,la gérance et l’administration de toute construction privée,commerciale,industrielle ou publique;
- La création,le développement et la promotion de projets immobiliers;
- L'entreprise de travaux de zingage
- L'entreprise de recouvrement de corniches en bois et en P.V.C.
- L'entreprise de construction de bâtiments(gros œuvre et mise sous toit)
- L'entreprise de travaux d'étanchéité et revêtement de construction par asphaltage et bitumage
- L'entreprise d'isolation thermique et acoustique
- L'entreprise de travaux de plafonnage,de cimentage et de tous autres enduits
- L'entreprise de fabrication et placement de charpenterie et de menuiserie(entre autres châssis et volets)du bâtiment.
- L'entreprise de pose de plaques de gyproc
- L'entreprise de fabrication et de placement de châssis et volets en P.V.C.et aluminium
- L'entreprise d'installation de chauffage central à eau chaude et à vapeur
- L'entreprise d'installation de ventilation,de chauffage à air chaud,de conditionnement d'air et de tuyauteries industrielles;
- L'entreprise d'installation sanitaire,de chauffage au gaz et de plomberie-zinguerie
- L'entreprise de placement d'adoucisseur d'eau
- Le placement de vitres dans les châssis dont l'exécution ne requiert pas un agrément spécial sur base d'un arrêté royal pris dans le cadre de la loi du quinze décembre mil neuf cent septante sur l'exercice des activités professionnelles dans les petites et moyennes entreprises.
- La démolition et le terrassement;
- La rénovation;
- La construction,le parachèvement,l’entretien et la rénovation d’immeubles;
- La fabrication,l’achat,la vente en gros ou en détail et la commercialisation en général des matériaux nécessaires à la construction ou à la rénovation d’immeubles;
- L’activité d’intermédiaire dans de telles opérations;
- L’entreprise de travaux d’égout:
- L’entreprise de travaux de pose de câbles et de canalisations diverses;
- L’entreprise d’aménagement de plaines de jeux et de sport,de parcs et de jardins;
- L’entreprise de terrassement;
- L’entreprise de construction de pavillons démontables et de baraquements non métalliques;
- L’entreprise de place de clôtures;
- L’entreprise de fabrication et d’installation de cheminées ornementales(à l’exclusion de travaux de marbrerie,taille de pierres et de mosaïque);
- L’entreprise de placement de ferronnerie,de volets et de menuiserie métallique et PVC;
- L’entreprise de nettoyage et de désinfection de maisons et de locaux,meubles,ameublement et objets divers;
- L’entreprise de ramonage de cheminées;
- L’entreprise de pose de chape,faux plafonds et de cloisons amovibles,plafonnage;
- L’entreprise de peinture industrielle;
- L’entreprise de fabrication et de garnissage de meubles non métalliques;
- L’entreprise d’installation d’échafaudages,de rejointoyage et de nettoyage de façades;
- L’entreprise de pose de parquets;
- L’entreprise de placement,d’entretien et de réparation de tous brûleurs;
- Le nettoyage de tous locaux et lavage de vitres;
- L’entreprise de rénovation d’immeuble,au sens le plus large du terme;
- L'import-export de toutes marchandises et de tout objet d’artisanat.
- La négociation,la commission et la représentation;
- L'achat,la vente,l'importation,l'exportation,la vente à tempérament,la location à court et à long terme sous toutes modalités,ainsi que le commerce sous toutes ses formes,de véhicules automobiles de quelque nature qu'ils soient,neufs et d'occasion et de tout article se rattachant à l'industrie automobile ou mécanique;
- L'activité de nettoyage industriel et privé,tel que le nettoyage de bureaux,maisons,usines et,en général,de tout bien immeuble et de toute installation industrielle;
- La vente,l’achat,la fonte,l’analyse,l’importation,l’exportation,la distribution,et le commerce en général de métaux précieux;
- Le transport et vide maison ou grenier
- Le commerce ambulant
- Le commerce forain pour l’exploitation.
- La société pourra également faire toute activité en rapport avec la manutention et le déménagement.
- L'intermédiation commerciale;
- L'étude,le conseil,l’expertise,l'ingénierie et toutes prestations de services dans le cadre des activités prédécrites.
- Location de salles(mariage,festival,réunion,anniversaire,banquet,fête et soirée dansante,etc)
- La démonstration sportive,culturelle et de sponsoring en Belgique et partout dans le monde;
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ADIROM CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Par simple décision, Région de Bruxelles-Capitale” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, un ou plusieurs administrateurs” (deed in French)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.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs proportionnellement si plusieurs, prix mentionné dans notification initiale” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Apport en numéraire avec émission de nouvelles actions, ouverture de la souscription” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of June at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps par assemblée générale délibérant dans formes modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Assemblée générale peut désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, dissolution pour quelque cause et à…” (deed in French)