BILPA
ActiveSummary
The annual accounts of BILPA for financial year 2025 show a net loss of 60% of total assets. The 2025 annual accounts show equity of €11,594 and a net result of -€9,948. Equity is shrinking by about 23% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2028. Its solvency ranks better than 66% of 39,184 sector peers (NACE 70, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Articles of association
What the company does
- Name clauseThe name the company operates under according to its articles.
- BILPA
- 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
- 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)“Vergoeding bestuurders, algemene kosten” (deed in Dutch)
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 de vermeldingen voorgeschreven door het Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Op straffe van nietigheid, Tegen weigering van goedkeuring staat geen beroep op de rechter open” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “100, gelijk recht in de winstverdeling” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 15 June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, beslissing algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed