Ai5
Board
6 directors, last change in January 2026Director
current term since 06-01-2026
6-year term from 2026
listed in the 2025 annual accounts, filed on 30-06-2026
ETHIAS VENTURES
Director, permanent representative DECLERCK Marius
since 06-01-2026
6-year term from 2026
listed in the 2025 annual accounts, filed on 30-06-2026
Director
current term since 06-01-2026
6-year term from 2026
listed in the 2025 annual accounts, filed on 30-06-2026
Director
since 06-01-2026
6-year term from 2026
listed in the 2025 annual accounts, filed on 30-06-2026
NOSHAQ PARTNERS
Director, permanent representative PETERS Xavier
current term since 06-01-2026
6-year term from 2026
listed in the 2025 annual accounts, filed on 30-06-2026
8 other companies bankruptDirector, permanent representative MANGIATORDI Dominique
current term since 06-01-2026
6-year term from 2026
listed in the 2025 annual accounts, filed on 30-06-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “Il peut déléguer des pouvoirs à un ou plusieurs de ses membres et confier à tout mandataire des pouvoirs particuliers et définis. Il peut en…”deed of 21-03-2024
Permanent representatives 3
MANGIATORDI Dominique
Permanent representative, for TELESCOPE
in office according to the deed of 21-03-2024
PETERS Xavier
Permanent representative, for NOSHAQ PARTNERS
in office according to the deed of 21-03-2024
Mandates through the years
9 names, the dashed line is todayTELESCOPE
Director
Director
NOSHAQ PARTNERS
Director
Director
GRUTMAN Larry
Director
Director
CHAPUT Delphine
Director
Director
ETHIAS VENTURES
Director
Director
MICHOTTE Benjamin
Director
Director
Florence VANDERTHOMMEN
Director
Director
Frédéric CHABALLE
Director
Director
BAUDEN Emma
Director
Director
BoardEarlierRest of the termmandate already running before its first mention
Mandates as a list
- TELESCOPE
- Director, from 14-10-2016 to date
- NOSHAQ PARTNERS
- Director, from 23-12-2016 to date
- GRUTMAN Larry
- Director, appointed by deed of 21-03-2024, still in office
- CHAPUT Delphine
- Director, appointed by deed of 21-03-2024, still in office
- ETHIAS VENTURES
- Director, since before 31-12-2025
- MICHOTTE Benjamin
- Director, since before 31-12-2025
- Florence VANDERTHOMMEN
- Director, until 05-05-2023
- Frédéric CHABALLE
- Director, until 26-01-2023
- BAUDEN Emma
- Director, from 14-10-2016 to 24-06-2022
Control
Shareholder
Equity €972,370
Profit €280,228 in 2026 (profit €79,721 in 2025)
Checked score 95
31.28%
This company
Ai5
Equity €807,300
Loss €107,960 in 2025
Capital
- Capital
- €2,726,868.12
- Shares
- 24,666
- Contribution per share
- €111
- Equity per share
- €32.73 in 2025
- Source
- deed of 08-01-2026
Owners through the years
as the annual accounts name themOwners as a list
- NETHYS
- LEANSQUARE
- TELESCOPE
- NEWCO 1
- NOSHAQ VENTURE
Source: lists of holdings in the owners' accounts
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “6 ans, En cas de vacance d'une ou de plusieurs places d'administrateurs par suite de décès, démission ou autre cause, les administrateurs…”deed of 08-01-2026 (in French)
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Last Friday of Junedeed of 21-03-2024 (in French)
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Pouvoirs liquidateurs, sauf assemblee en decide autrement a majorite voix”deed of 21-03-2024 (in French)
Shareholders
4 ownersOwners 4
- Equity €972,370 Profit of €280,228 in 2026 (profit of €79,721 in 2025) Checked score 9531.28%
- Equity €1.65bn Profit of €18.3m in 2025 (profit of €70.6m in 2024) Checked score 92Sourceaccounts NETHYS 202529.02%
- Equity -€684,768 Loss of €617,815 in 2023 (loss of €17,708 in 2022)Sourceaccounts NEWCO 1 202329.02%
- Equity €4.4m Loss of €2.4m in 2025 (loss of €519,288 in 2024) Checked score 8924.39%
Capital transactions
Capital over time
- 08-01-2026 Capital increase of €1,500,000 · to €2,726,868.12 · 8,222 new shares at €182.44 per share, 33.3% of the 24,666 shares after the increase · in cash
- 21-03-2024 Capital stated in the deed · €1,226,868.12 · 16,444 shares
The directors' other companies
1 current director with another company that went bankrupt, was dissolved or struck offNOSHAQ PARTNERS
8 other companies of this director went bankrupt (2023, 2025, 2026).
- Fonderies J. Marichal Ketin et Cie bankruptcy on 30-04-2026Official Gazetteappointed in 2021, still in office
- ARTIALIS bankruptcy on 13-04-2026Official Gazetteappointed in 2024, still in office
- A7 SOFTWARE bankruptcy on 02-03-2026Official Gazette
- AVISTER-MEDICAL bankruptcy on 05-01-2026Official Gazetteappointed in 2024, still in office
- Gembloux.beer bankruptcy on 27-11-2025Official Gazettemandate 2021 to 2024
- Les Ateliers de la Meuse bankruptcy on 30-10-2023Official Gazette
- BELMIX OPERATING SERVICES bankruptcy on 06-03-2023Official Gazettemandate until 2022
- MUUSELABS bankruptcy according to the KBO registermandate until 2023
Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it.