AFRIAD
ActiveSummary
AFRIAD has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,889 and a net result of €9,884. Its solvency ranks better than 30% of 1,667 sector peers (NACE 33, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
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.
- AFRIAD
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, transfert par simple décision de l'organe d'administration pour autant que ce transfert a lieu dans la Région…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Chaque administrateur est investi des pouvoirs les plus étendus pour faire seul tous actes qui intéressent la société. Il a dans sa…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d administration, nommés avec ou sans limitation durée” (deed in French)“Assemblée générale statuant majorité absolue voix ou actionnaire unique détermine montant rémunération fixe ou proportionnelle, portée aux…” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, titulaires peuvent prendre connaissance registre relatif à leurs titres” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Transmission pour cause mort sans agrément, cession entre vifs sans agrément” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
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.
- In June
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision de l'assemblée générale délibérant dans les formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur n'a été désigné, pour quelque cause et à quelque moment que ce soit” (deed in French)