AED

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.

AED

Registered office clauseThe region of the registered office; it decides among other things the language of official documents.

“Voor zover geen wijziging toepasselijk taalregime, Vlaams Gewest” (deed in Dutch)

deed of 13-07-2023

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.

“ARTIKEL 9: BESTUUR De vennootschap wordt bestuurd door één of meerdere zaakvoerders, natuurlijke personen of rechtspersonen, al dan niet…”

Board ruleHow the board is made up, meets and takes decisions.

“Één of meerdere, zaakvoerders” (deed in Dutch)

deed of 13-07-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.

One provision in the deed

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.

“Geen vennoot mag tijdens duur vennootschap aandelen overdragen zonder toestemming medevennoten, aandelen” (deed in Dutch)

deed of 13-07-2023

Meetings and financial year

Financial yearThe twelve-month period the company draws up its annual accounts for.

From 1 January to 31 December

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.

First Friday of June at 18:00

deed of 13-07-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.

“Overlijden vennoot, unanimiteit binnen drie maanden na overlijden” (deed in Dutch)

“Onbekwaamheid vereffening faillissement kennelijk onvermogen, gelijkgesteld aan overlijden op alle gebied” (deed in Dutch)

deed of 23-09-2022

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.

“Ontbinding der vennootschap, gecommanditeerde vennoten” (deed in Dutch)

deed of 13-07-2023

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

Other provision: “Storting door ieder der vennoten in verhouding tot zijn of haar inbreng, financiering in rekening-courant” (deed in Dutch)

Other provision: “Bestemming winst, batig saldo balans na aftrek algemene kosten, maatschappelijke kosten en nodig geachte afschrijvingen” (deed in Dutch)

Other provision: “Overlijden vennoot voortzetting met erfgenamen of legatarissen, overgebleven vennoten kunnen met unanimiteit nieuwe vennoot aanduiden indien…” (deed in Dutch)

Other provision: “Vennoten brengen in gemeen overleg alle wijzigingen die zij geschikt achten, statutenwijzigingen” (deed in Dutch)

6 more provisions in the deed, see the deed of 13-07-2023

deed of 13-07-2023

Capital contribution: “€1.000” (deed in Dutch)

deed of 23-09-2022