BAFI
ActiveSummary
The annual accounts of BAFI for financial year 2025 show a net loss of 63% of the equity at the start of that year. The 2025 annual accounts show equity of €7,691 and a net result of -€12,853. Equity is shrinking by about 15% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (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.
- BAFI
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, Artikel 2” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 13. Vertegenwoordigingsbevoegdheid Alle akten die de vennootschap verbinden, in en buiten rechte, zijn slechts geldig wanneer zij…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Natuurlijke personen of rechtspersonen, met of zonder beperking van duur” (deed in Dutch)“Vaste of evenredige vergoeding, algemene kosten los van representatie-,reis-en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft kandidaat-overdrager, helft overige pro rata inclusief aanstellingskosten, prijs en voorwaarden geboden door derde” (deed in Dutch)“Overdracht van aandelen onder levenden,ook ten kosteloze titel, goedkeuringsregeling” (deed in Dutch)“Prijs per aandeel die overnemer gehouden is te betalen voor aandelen, volgrecht” (deed in Dutch)“Rechten erfgenamen overleden aandeelhouder, gelijk aan procedure zoals bepaald in I),instelbaar zowel door erfgenamen/legatarissen als door…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of December at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, ontbinding door beslissing algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding om welke reden en op welk ogenblik ook, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen” (deed in Dutch)