Summary
BEETS has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low). No annual accounts have been filed with the National Bank.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Exploitatie van een landbouwbedrijf in de breedste zin van het woord, alsmede van alle andere exploitaties die de beherende vennoten in…” (deed in Dutch)
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BEETS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Beherende vennoot, helft arbeidstijd aan uitbating landbouwactiviteit” (deed in Dutch)“Besluit algemene vergadering met regels statutenwijziging, algemene vergadering en elke beherende vennoot” (deed in Dutch)“Afzetting beherende vennoot, enkel bij zwaarwichtige redenen” (deed in Dutch)“Bruto vergoeding voor arbeid, aantal gepresteerde uren en vorige leden” (deed in Dutch)“Intern bestuur, beherende vennoten” (deed in Dutch)“Onbepaalde duur, mogen geen commanditaire vennoot zijn” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Op naam, toestemming algemene vergadering” (deed in Dutch)“Elke overdracht onder levenden, overeenkomstig art.15, bij gebreke minnelijke overeenkomst door rechter” (deed in Dutch)1 more provision on this in the deed
- Membership ruleWho can become a member or partner, and on what terms.
- One provision in the deed
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 15 June at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Over ontbinding wordt besloten volgens art.25” (deed in Dutch)“Overblijven een vennoot, niet verder dan regels lastgeving” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bevoegdheden vereffenaars, van rechtswege alle bevoegdheden zoals voorzien in WVV tenzij algemene vergadering met akkoord elke beherende…” (deed in Dutch)1 more provision on this in the deed