BAARS
ActiveSummary
BAARS has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€135,982) and a net result of -€11,389. Equity is shrinking by about 21% per year across the filed financial years. Its solvency ranks better than 5% of 22,513 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (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.
- BAARS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, enkel besluit bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, 1” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Prijs vermeld in oorspronkelijke bekendmaking of bij betwisting door deskundige bepaald, Overdracht van aandelen” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Voor in pand gegeven aandelen komt voorkeurrecht toe aan eigenaar-pandgever, orgaan dat overgaat tot uitgifte” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of November at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Behoudens ontbinding en vereffening in één akte, indien geen andere vereffenaar benoemd” (deed in Dutch)