B.W. - CLEAN

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.

B.W.-CLEAN

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

“Vlaams Gewest, overbrenging naar om het even welke plaats in tweetalig gebied Brussel-Hoofdstad of Nederlands taalgebied door eenvoudige…” (deed in Dutch)

deed of 11-01-2024

Who represents it, and how

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

Each director alone

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

“Bestuursorgaan, 1” (deed in Dutch)

“Algemene kosten, algemene vergadering” (deed in Dutch)

deed of 11-01-2024

Capital, shares and profit

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

“Op naam, register van aandelen op naam met voorgeschreven vermeldingen WVV” (deed in Dutch)

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

“Helft overdrager en helft koper(s) naar evenredigheid aantal bij meer kopers;zelfde bij weigering erfgenaam of legataris, elke overdracht…” (deed in Dutch)

Share issue ruleHow and by whom new shares can be issued.

“Dag openstelling intekening, per e-mail of bij gewone post voor personen zonder e-mailadres,op zelfde dag te verzenden als communicaties per…” (deed in Dutch)

deed of 11-01-2024

Meetings and financial year

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

Second Sunday of February at 15:00

deed of 11-01-2024

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.

“Vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)

deed of 11-01-2024

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

“Ontbinding om welke reden en op welk ogenblik ook, indien geen andere vereffenaar benoemd” (deed in Dutch)

deed of 11-01-2024

Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.

One provision in the deed

deed of 15-09-2026

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

5 more provisions in the deed, see the deed of 15-09-2026

Liquidation distribution: “Netto actief onder alle aandeelhouders naar verhouding aantal aandelen, aanzuivering schulden lasten kosten vereffening of consignatie…” (deed in Dutch)

deed of 11-01-2024