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ASSURLYS

Active Risk: not assessed
Private limited companyfounded 2005active for 21 yearsMesenstraat(PL) 166, 7782 Comines-Warneton, BelgiumKBO/BCE: BE 0874.597.035
Summary

ASSURLYS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €287,156 and a net result of €20,050. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 64% of 3,041 sector peers (NACE 66, financial year 2025). The company has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Insurance agents and brokers
NACE 66220
1 site
Size
≈ €230,000turnover 2025, estimated
Staff
1 FTE
Equity
€287,156
Profit
€20,050
Turnover estimated from the gross margin
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
2025 accounts on time
SignalsneutralLatest accounts filed on timeShow the evidence

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
28 days late
2023
30 days late
2022
60 days late
2021
78 days late
2020
1 day early
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 32 days after the deadline; the sector median (NACE 66) for financial year 2024 is 5 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 filed years within 31 days of that day).
Companies Code · seven months
Where today falls in the filing period
31-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Annual accounts filedfinancial year 2024 · micro…
  3. Registered officeRegistered-office move

Financials · financial year 2025, micro format

Equity
€287,156▲ 7.5%
2024 · €267,106
Net result
€20,050▼ 22.6%
2024 · €25,902
Total assets
€446,233▲ 7.2%
2024 · €416,172
Solvency
64.4%▲ 0.2pp
2024 · 64.2%
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result has fallen two years in a row; 2025 is 2% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€43,319 2025 Net result€20,050 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 66, Activities auxiliary to financial services and insurance 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), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€4,498-€30,562▲ 580%€22,777▼ 25.5%€34,535▲ 51.6%€67,405▲ 95.2%€71,019▲ 5.4%€44,254▼ 37.7%€43,319▼ 2.1%
Net result-€6,214-€16,429€8,185within the sector's middle half▼ 50.2%€18,290within the sector's middle half▲ 123%€44,102within the sector's middle half▲ 141%€42,425within the sector's middle half▼ 3.8%€25,902within the sector's middle half▼ 38.9%€20,050within the sector's middle half▼ 22.6%
Equity€111,771-€128,201▲ 14.7%€136,386within the sector's middle half▲ 6.4%€154,676within the sector's middle half▲ 13.4%€198,778within the sector's middle half▲ 28.5%€241,204within the sector's middle half▲ 21.3%€267,106within the sector's middle half▲ 10.7%€287,156within the sector's middle half▲ 7.5%
Total assets€368,399-€348,645▼ 5.4%€355,625within the sector's middle half▲ 2.0%€371,953within the sector's middle half▲ 4.6%€424,477within the sector's middle half▲ 14.1%€439,195within the sector's middle half▲ 3.5%€416,172within the sector's middle half▼ 5.2%€446,233within the sector's middle half▲ 7.2%
Debt€256,628-€220,444▼ 14.1%€219,240▼ 0.5%€217,277▼ 0.9%€225,699▲ 3.9%€197,991▼ 12.3%€149,066▼ 24.7%€159,077▲ 6.7%
Working capital-€14,744--€18,646▼ 26.5%-€3,829within the sector's middle half▲ 79.5%€219,304above the sector's middle half-€106,992below the sector's middle half-€73,351below the sector's middle half▲ 31.4%-€56,915below the sector's middle half▲ 22.4%-€108,520below the sector's middle half▼ 90.7%
Solvency30.3%-36.8%▲ 6.4pp38.4%within the sector's middle half▲ 1.6pp41.6%within the sector's middle half▲ 3.2pp46.8%within the sector's middle half▲ 5.2pp54.9%within the sector's middle half▲ 8.1pp64.2%within the sector's middle half▲ 9.3pp64.4%within the sector's middle half▲ 0.2pp
Current ratio0.73-0.66▼ 0.060.92within the sector's middle half▲ 0.263.46within the sector's middle half▲ 2.540.03below the sector's middle half▼ 3.430.33below the sector's middle half▲ 0.300.36below the sector's middle half▲ 0.030.30below the sector's middle half▼ 0.06
Return on assets (ROA)-1.7%-4.7%▲ 6.4pp2.3%within the sector's middle half▼ 2.4pp4.9%within the sector's middle half▲ 2.6pp10.4%within the sector's middle half▲ 5.5pp9.7%within the sector's middle half▼ 0.7pp6.2%within the sector's middle half▼ 3.4pp4.5%within the sector's middle half▼ 1.7pp
Staff (FTE)0.5-0.5=0.5below the sector's middle half=1▲ 100%1=1=1=1=
above within below the middle half of NACE 66, Activities auxiliary to financial services and insurance 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.
Turnover and EBIT margin not published: the micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €446,233
Fixed assets €400,478 ▲ 4.3%
Current assets €45,755 ▲ 42.5%
Equity and liabilities €446,233
Equity €287,156 ▲ 7.5%
Debt €159,077 ▲ 6.7%
Debt's share of the balance-sheet total falls from 35.8% to 35.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
ROE
7.0%▼
2024 · 9.7%
Debt ≤ 1 year
€154,275▲
2024 · €89,029
Debt > 1 year
€4,802▼
2024 · €60,037
Income taxes
€16,479▲
2024 · €13,745
Staff costs
€12,896▲
2024 · €12,822
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€416,172€446,233▲
Fixed assets21/28€384,058€400,478▲
Tangible fixed assets22/27€48,452€64,871▲
Land and buildings22€30,600€20,400▼
Furniture and vehicles24€17,852€44,471▲
Financial fixed assets28€335,606€335,606=
Current assets29/58€32,113€45,755▲
Amounts receivable within one year40/41€2,500€2,500=
Other amounts receivable41€2,500€2,500=
Cash at bank and in hand54/58€29,613€43,255▲
Equity and liabilities
Total equity and liabilities10/49€416,172€446,233▲
Equity10/15€267,106€287,156▲
Contributions10/11€6,200€6,200=
Reserves13€260,906€280,956▲
Non-distributable reserves130/1€1,860€1,860=
Reserves not available under the articles1311€1,860€1,860=
Tax-exempt reserves132€36,000€36,000=
Distributable reserves133€223,046€243,096▲
Amounts payable17/49€149,066€159,077▲
Amounts payable after more than one year17€60,037€4,802▼
Financial debts170/4€60,037€4,802▼
Amounts payable within one year42/48€89,029€154,275▲
Current portion of amounts payable after more than one year42€31,625€7,040▼
Trade debts44€442€1,486▲
Suppliers440/4€442€1,486▲
Taxes, remuneration and social security45€13,332€6,093▼
Taxes450/3€11,136€3,800▼
Remuneration and social security454/9€2,195€2,294▲
Other amounts payable47/48€43,630€139,655▲
Income statement Code20242025
Remuneration, social security and pensions62€12,822€12,896▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18,522€16,645▼
Other operating charges640/8€1,812€1,824▲
Non-recurring operating charges66A-€2,382
Gross operating margin9900€77,409€77,066▼
Operating profit (loss)9901€44,254€43,319▼
Financial income75/76B€84€3,108▲
Recurring financial income75€84€3,108▲
Financial charges65/66B€4,691€9,898▲
Recurring financial charges65€4,691€9,898▲
Profit (loss) for the period before taxes9903€39,647€36,529▼
Income taxes67/77€13,745€16,479▲
Profit (loss) for the period9904€25,902€20,050▼
Profit (loss) for the period to be appropriated9905€25,902€20,050▼
Appropriation of the result
Profit (loss) to be appropriated9906€25,902€20,050▼
Transfer to equity691/2€25,902€20,050▼
To other reserves6921€25,902€20,050▼

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Non-recurring operating income76A----€11,208----
Remuneration, social security and pensions62---€9,212€5,920€14,877€12,822€12,896▲ 0.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38,283€38,874€40,112€15,720€17,313€18,522€18,522€16,645▼ 10.1%
Other operating charges640/8---€1,258€1,393€1,823€1,812€1,824▲ 0.7%
Non-recurring operating charges66A-------€2,382-
Gross operating margin9900€63,896€94,821€78,160€60,725€92,032€106,240€77,409€77,066▼ 0.4%
Operating profit (loss)9901€4,498€30,562€22,777€34,535€67,405€71,019€44,254€43,319▼ 2.1%
Financial income75/76B------€84€3,108▲ 37×
Recurring financial income75€0€0€2,600---€84€3,108▲ 37×
Financial charges65/66B---€7,707€6,219€7,170€4,691€9,898▲ 111%
Recurring financial charges65€10,549€9,182€8,251€7,707€6,219€7,170€4,691€9,898▲ 111%
Profit (loss) for the period before taxes9903-€6,051€21,380€17,126€26,828€61,186€63,849€39,647€36,529▼ 7.9%
Income taxes67/77€163€4,951€8,941€8,538€17,083€21,424€13,745€16,479▲ 19.9%
Profit (loss) for the period9904-€6,214€16,429€8,185€18,290€44,102€42,425€25,902€20,050▼ 22.6%
Profit (loss) for the period to be appropriated9905-€6,214€16,429€8,185€18,290€44,102€42,425€25,902€20,050▼ 22.6%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€368,399€348,645€355,625€371,953€424,477€439,195€416,172€446,233▲ 7.2%
Fixed assets21/28€328,805€311,776€309,250€63,601€421,102€402,580€384,058€400,478▲ 4.3%
Tangible fixed assets22/27€328,625€311,776€309,250€63,601€85,495€66,974€48,452€64,871▲ 33.9%
Land and buildings22---€61,200€51,000€40,800€30,600€20,400▼ 33.3%
Furniture and vehicles24----€34,495€26,174€17,852€44,471▲ 149%
Assets under construction and advance payments27---€2,401-----
Financial fixed assets28€180---€335,606€335,606€335,606€335,606=
Current assets29/58€39,594€36,869€46,376€308,353€3,375€36,615€32,113€45,755▲ 42.5%
Amounts receivable within one year40/41€25,131€26,672€28,926€303,951€2,500€2,500€2,500€2,500=
Trade receivables40---€1,451-----
Other amounts receivable41---€302,500€2,500€2,500€2,500€2,500=
Cash at bank and in hand54/58€14,463€10,197€17,449€4,402€875€34,115€29,613€43,255▲ 46.1%
Equity and liabilities
Total equity and liabilities10/49€368,399€348,645€355,625€371,953€424,477€439,195€416,172€446,233▲ 7.2%
Equity10/15€111,771€128,201€136,386€154,676€198,778€241,204€267,106€287,156▲ 7.5%
Contributions10/11€6,200€6,200-€6,200€6,200€6,200€6,200€6,200=
Reserves13€105,571€122,001€130,186€148,476€192,578€235,004€260,906€280,956▲ 7.7%
Non-distributable reserves130/1---€1,860€1,860€1,860€1,860€1,860=
Reserves not available under the articles1311---€1,860€1,860€1,860€1,860€1,860=
Tax-exempt reserves132----€36,000€36,000€36,000€36,000=
Distributable reserves133---€146,616€154,718€197,144€223,046€243,096▲ 9.0%
Amounts payable17/49€256,628€220,444€219,240€217,277€225,699€197,991€149,066€159,077▲ 6.7%
Amounts payable after more than one year17€202,289€164,929€169,036€128,229€115,331€88,025€60,037€4,802▼ 92.0%
Financial debts170/4---€128,229€115,331€88,025€60,037€4,802▼ 92.0%
Amounts payable within one year42/48€54,338€55,516€50,204€89,048€110,368€109,966€89,029€154,275▲ 73.3%
Current portion of amounts payable after more than one year42---€37,620€30,639€30,874€31,625€7,040▼ 77.7%
Trade debts44€5,208€6,345€1,713-€2,717€5,183€442€1,486▲ 236%
Suppliers440/4----€2,717€5,183€442€1,486▲ 236%
Taxes, remuneration and social security45---€12,253€13,724€22,135€13,332€6,093▼ 54.3%
Taxes450/3---€6,981€12,783€20,500€11,136€3,800▼ 65.9%
Remuneration and social security454/9---€5,273€941€1,635€2,195€2,294▲ 4.5%
Other amounts payable47/48---€39,175€63,288€51,774€43,630€139,655▲ 220%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€6,214€16,429€8,185€18,290€44,102€42,425€25,902€20,050▼ 22.6%
+ Depreciation and write-downs630€38,283€38,874€40,112€15,720€17,313€18,522€18,522€16,645▼ 10.1%
Operating cash flow (approximation)€32,069€55,303€48,297€34,010€61,416€60,947€44,424€36,695▼ 17.4%
Investment in fixed assets (approximation)--€21,845-€37,586€229,929-€374,814€0€0-€33,064-
Change in cash--€4,266€7,252-€13,048-€3,526€33,240-€4,501€13,642-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 20 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 micro format 31-07-2026 2026-00375516
31-12-2024 micro format 28-08-2025 2025-00444058
31-12-2023 micro format 30-08-2024 2024-00436973
31-12-2022 micro format 29-09-2023 2023-00466581
31-12-2021 micro format 17-10-2022 2022-20467335
31-12-2020 micro format 30-07-2021 2021-44300226
31-12-2019 micro format 31-08-2020 2020-50200405
31-12-2018 micro format 30-09-2019 2019-67000214
31-12-2017 micro format 17-08-2018 2018-47200230
31-12-2016 micro format 28-08-2017 2017-48800099

Show all 20 filings

Similar companies · same sector, comparable size

Of the 4,604 active companies whose main activity is insurance agents and brokers (NACE 66220), figures are known for 3,225. 2,734 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, no change since 2024
MAQUET Jean-Yves Denis Nicolas
Director (not named in the articles) · since 16-02-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

1 person since 2024, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
MAQUET Jean-Yves Denis Nicolas
  • Director (not named in the articles), from 16-02-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Capital over the years
  1. 21-02-2024 Converted to unavailable equity · €8,060
  2. 21-02-2024 Converted to uncalled contributions · €12,400

Group and network

Connections & network

1 current director
Depth

The board mandates are listed below; here you explore them as a network.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Board mandates elsewhere

1 board mandate
Board mandates of this companythis company sits on their board1
2 locations

History

On 21 June 2005, ASSURLYS was incorporated.1 In 2025 the registered office moved to Ploegsteert.2 MAQUET Jean-Yves Denis Nicolas has served as director of the company since 2024.3 Total assets went from €368,399 in 2018 to €446,233 in 2025 and headcount from 0.5 to 1 full-time equivalents.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 07-01-2025
  3. 3Belgian Official Gazette, 21-02-2024
  4. 4National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
31-07
NBB filing Annual accounts filed
financial year 2025 · micro format
2025
28-08
NBB filing Annual accounts filed
financial year 2024 · micro format · 28 days late
07-01
Gazette deed Registered office
Registered-office move2 facts ▸
  • General meeting, 03-06-2024
  • Registered-office move, RUE DE MESSINES 166 7782 PLOEGSTEERT
2024
30-08
NBB filing Annual accounts filed
financial year 2023 · micro format · 30 days late
21-02
Gazette deed Appointment: MAQUET Jean-Yves Denis Nicolas (director)
Legal-form conversion · Capital conversion · Reserve release9 facts ▸
  • Legal-form conversion, “société à responsabilité limitée (en abrégé SRL)” (deed in French)
  • Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
  • Capital conversion, “compte de capitaux propres « apports non appelés »” (deed in French)
  • Reserve release, “suppression, compte de capitaux propres statutairement indisponible” (deed in French)
  • Amendment of the articles
  • Director appointment, MAQUET Jean-Yves Denis Nicolas (director (not named in the articles))
  • Director discharge, MAQUET Jean-Yves Denis Nicolas
  • Registered office clause, “7500 Tournai, Chaussée de Bruxelles”, 69 (deed in French)
  • Power of attorney
2023
31-12
Financial Equity above €200,000equity €241,204 ▲21.3%
5 profitable years in a row build equity to €241,204.
29-09
NBB filing Annual accounts filed
financial year 2022 · micro format · 60 days late
2022
31-12
Financial Highest result from 2018 to 2025net €44,102 ▲141%
Net result €44,102, the highest in the series.
17-10
NBB filing Annual accounts filed
financial year 2021 · micro format · 78 days late
2021
31-12
Financial Liquidity more than triplescurrent ratio 3.46
Current ratio from 0.92 to 3.46.
31-12
Financial Equity above €150,000equity €154,676 ▲13.4%
3 profitable years in a row build equity to €154,676.
30-07
NBB filing Annual accounts filed
financial year 2020 · micro format
Show earlier events
2020
31-08
NBB filing Annual accounts filed
financial year 2019 · micro format · 31 days late
2019
31-12
Financial Back to profitnet €16,429
Net result €16,429 after one loss-making year.
30-09
NBB filing Annual accounts filed
financial year 2018 · micro format · 61 days late
2018
17-08
NBB filing Annual accounts filed
financial year 2017 · micro format · 17 days late
2017
28-08
NBB filing Annual accounts filed
financial year 2016 · micro format · 28 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 20 annual accounts filed, the latest 10 are here; all 20 are under Financials.
2 of 2 deeds read

Register details

Identification
Legal formPrivate limited company
Founded21-06-2005
Financial year end31-12
Activities, NACEBEL 2025
66220Insurance agents and brokers
E-invoicing
Not found in the Peppol Directory

No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 31 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Comines-Warneton · 1 establishment unit since 2005
registered office establishment The establishment unit on the map
Ground area
1,026 m²
Building footprint
112 m²
Building volume
777 m³
Parcel 54008C0856/00W000, Wallonia · tallest building 8.4 m. Linked by address, not a title deed.
1 establishment unit
ASSURLYS
Mesenstraat(PL) 166, 7782 Comines-WarnetonInsurance agents and brokers
since 2005unit no. 2.150.661.531
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
54008C0856/00W000 Wallonia 1,026 m² 1 · 112 m² 8.4 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“L'activité de courtier en assurances, la conclusion de tous contrats d’assurance, de réassurance et de conventions connexes; L'activité…” (deed in French)
8 activities (deed in French)
  1. L'activité de courtier en assurances, la conclusion de tous contrats d’assurance, de réassurance et de conventions connexes
  2. L'activité d'intermédiaire en matière d'opérations financières et de crédit, la vente contre commission de produits d’assurances, de produits bancaires et de placement
  3. La fourniture de tous services, directement ou indirectement, dans le domaine administratif et financier, dans les ventes, la production et la gestion en général
  4. La prise de participations dans des sociétés, l’acquisition par souscription ou achat d'actions, d'obligations, de bons de caisse et d'autres valeurs mobilières généralement quelconques, de sociétés belges ou étrangères, existantes ou à constituer ainsi que la gestion de ces valeurs, la constitution et la valorisation d'un patrimoine mobilier
  5. La constitution et la gestion d'un patrimoine immobilier, principalement par l'achat, la vente, la location ou d'autres conventions ayant trait à la jouissance, l'usage ou le rapport des immeubles, la valorisation et l'extension de ce patrimoine immobilier ; l'activité de marchand de biens, la promotion immobilière, les lotissements
  6. L'activité d’agence immobilière
  7. L'acquisition, la cession et l’exploitation de licences, brevets, octrois ainsi que de tous droits concernant le know-how et les procédés
  8. La gestion et le management de toutes entreprises ainsi que l’exécution de tous mandats d'administrateur, gérant, directeur, liquidateur et en général, tous mandats et fonctions dans des sociétés belges ou étrangères

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
One provision in the deed

deed of 21-02-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Article 13. Pouvoir d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est attribuée, avec…”
Board ruleHow the board is made up, meets and takes decisions.
“Nommés avec ou sans limitation de durée, organe d'administration” (deed in French)
“Rémunération des administrateurs, sauf décision contraire de l'assemblée générale” (deed in French)
Permanent representative ruleA company that is a director names a natural person to carry out the mandate on its behalf.
“Représentant permanent, soumis aux mêmes conditions et encourt les mêmes responsabilités civiles et pénales que s'il exerçait cette mission…” (deed in French)

deed of 21-02-2024

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Titulaires peuvent prendre connaissance, registre des actions nominatives” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Vis-à-vis de la société et des tiers, à dater de leur inscription dans le registre des actions” (deed in French)
“Libre de céder tout ou partie de ses actions librement” (deed in French)
Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
“Chaque action confère un droit égal dans la répartition des bénéfices, la société peut demander le remboursement de toute distribution…” (deed in French)

deed of 21-02-2024

Meetings and financial year

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

deed of 21-02-2024

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Décision de l'assemblée générale, 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'aurait été désigné, l'assemblée générale peut désigner un ou plusieurs liquidateurs et déterminer leurs…” (deed in French)

deed of 21-02-2024

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

Other provision: “Appels de fonds, l’organe d’administration peut, après un second avis recommandé resté sans résultat pendant un mois, convoquer l’assemblée…” (deed in French)
Other provision: “Les actions nouvelles à souscrire en numéraire doivent être offertes par préférence aux actionnaires existants, proportionnellement au…” (deed in French)
Other provision: “Démembrement du droit de propriété, droits respectifs” (deed in French)
Other provision: “Titres indivisibles à l'égard de la société, indivisibilité des actions” (deed in French)
Other provision: “Plusieurs propriétaires d'une action, droits exercés par l'usufruitier” (deed in French)
Other provision: “Héritiers, ayants-droits et créanciers, s'en tenir aux statuts, comptes annuels et décisions de l'AG et de l'organe d'administration” (deed in French)
Other provision: “L'organe d'administration détermine s'ils agissent seul ou conjointement, gestion journalière” (deed in French)
Other provision: “Admission à l'assemblée générale” (deed in French)
Liquidation distribution: “Actif net réparti entre tous les actionnaires en proportion de leurs actions, apurement de toutes les dettes, charges et frais de…” (deed in French)
Other provision: “Tout litige entre la société, ses actionnaires, administrateurs, commissaires et liquidateurs relatifs aux affaires de la société et à…” (deed in French)
Other provision: “Séances et procès-verbaux de l'assemblée générale, les copies à délivrer aux tiers sont signées par un administrateur” (deed in French)
9 more provisions in the deed, see the deed of 21-02-2024

deed of 21-02-2024