BOGDAN CONSTRUCT
ActiveSummary
The computed 12-month bankruptcy probability of BOGDAN CONSTRUCT is 2.2% (moderate). The 2025 annual accounts show equity of €32,871 and a net result of €14,145. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 34,747 sector peers (NACE 43, financial year 2025). The company has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- €32,871
- Profit
- €14,145
Why 53raises riskLast filed accounts filed 77 days late; 3 of the last 3 late1 change of registered office in 24 monthsSize: total assets €176,299Sector: Specialised construction activities (NACE 43)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro): better than 21% on solvency, 36% on liquidity, 22% on profitability and 88% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 91 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Resignation: RISNOVEANU Marius (manager)Appointment: RISNOVEANU Marius (director) ·…
- Registered officeRegistered-office move · Director in…
Financials · financial year 2025, micro format
2025 annual accounts filed late (77 days) Filed on 16 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00560668.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result falls in 2025; 2025 is 44% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 43, Specialised construction activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95.8% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,053 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,203 | €26,406 | €22,594 | €21,406 | €20,940 | €19,495 | €1,975 | €1,361 | ▼ 31.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €256,998 | -€214,272 | €48,874 | - | - | - |
| Other operating charges640/8 | - | - | - | €1,675 | €3,805 | €1,845 | €1,456 | €959 | ▼ 34.2% |
| Gross operating margin9900 | €70,865 | €21,775 | €32,268 | €188,695 | -€159,523 | €52,456 | €53,725 | €30,433 | ▼ 43.4% |
| Operating profit (loss)9901 | €58,581 | -€20,562 | -€2,596 | -€91,384 | €30,004 | -€17,757 | €50,294 | €28,114 | ▼ 44.1% |
| Financial income75/76B | - | - | - | €687 | €1,686 | €0 | €9,870 | €1,071 | ▼ 89.2% |
| Recurring financial income75 | €206 | €1,696 | €6,104 | €687 | €1,686 | €0 | €9,870 | €1,071 | ▼ 89.2% |
| Financial charges65/66B | - | - | - | €7,061 | €8,834 | €9,243 | €27,249 | €13,784 | ▼ 49.4% |
| Recurring financial charges65 | €5,655 | €7,982 | €6,139 | €7,061 | €8,834 | €9,243 | €27,249 | €13,784 | ▼ 49.4% |
| Profit (loss) for the period before taxes9903 | €53,132 | -€26,847 | -€2,631 | -€97,759 | €22,855 | -€27,000 | €32,915 | €15,400 | ▼ 53.2% |
| Income taxes67/77 | €9,376 | -€705 | - | - | - | - | - | €1,255 | - |
| Profit (loss) for the period9904 | €43,756 | -€26,142 | -€2,631 | -€97,759 | €22,855 | -€27,000 | €32,915 | €14,145 | ▼ 57.0% |
| Profit (loss) for the period to be appropriated9905 | €43,756 | -€26,142 | -€2,631 | -€97,759 | €22,855 | -€27,000 | €32,915 | €14,145 | ▼ 57.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €216,532 | €181,670 | €270,127 | €86,642 | €107,809 | €53,520 | €158,717 | €176,299 | ▲ 11.1% |
| Fixed assets21/28 | €17,079 | €80,567 | €58,856 | €39,693 | €25,015 | €10,566 | €8,592 | €7,231 | ▼ 15.8% |
| Tangible fixed assets22/27 | €17,079 | €80,567 | €58,856 | €39,693 | €20,015 | €5,566 | €3,592 | €2,231 | ▼ 37.9% |
| Plant, machinery and equipment23 | - | - | - | €7,100 | €2,842 | €5,566 | €3,591 | €2,231 | ▼ 37.9% |
| Furniture and vehicles24 | - | - | - | €4,442 | €3,099 | €0 | €0 | €0 | = |
| Leasing and similar rights25 | - | - | - | €28,150 | €14,075 | - | - | - | - |
| Financial fixed assets28 | - | - | - | - | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Current assets29/58 | €199,453 | €101,103 | €211,271 | €46,949 | €82,794 | €42,953 | €150,125 | €169,069 | ▲ 12.6% |
| Amounts receivable within one year40/41 | €186,040 | €89,741 | €192,019 | €38,549 | €64,276 | €42,559 | €139,634 | €149,950 | ▲ 7.4% |
| Trade receivables40 | - | - | - | €18,700 | €39,316 | €16,626 | €111,435 | €121,343 | ▲ 8.9% |
| Other amounts receivable41 | - | - | - | €19,849 | €24,960 | €25,933 | €28,199 | €28,607 | ▲ 1.4% |
| Cash at bank and in hand54/58 | €13,413 | €11,201 | €19,091 | €8,239 | €8,357 | €233 | €10,330 | €18,958 | ▲ 83.5% |
| Deferred charges and accrued income490/1 | - | - | - | €161 | €10,161 | €161 | €161 | €161 | = |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €216,532 | €181,670 | €270,127 | €86,642 | €107,809 | €53,520 | €158,717 | €176,299 | ▲ 11.1% |
| Equity10/15 | €70,905 | €44,763 | €42,132 | -€54,544 | -€31,689 | -€58,689 | €18,726 | €32,871 | ▲ 75.5% |
| Contributions10/11 | €6,200 | €6,200 | - | €7,283 | €7,283 | €7,283 | €7,283 | €7,283 | = |
| Reserves13 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Non-distributable reserves130/1 | - | - | - | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves not available under the articles1311 | - | - | - | €3,000 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Profit (loss) carried forward14 | €61,705 | €35,563 | €32,932 | -€64,828 | -€41,972 | -€68,972 | €8,443 | €22,587 | ▲ 168% |
| Amounts payable17/49 | €145,627 | €136,908 | €227,995 | €141,186 | €139,498 | €112,209 | €139,991 | €143,429 | ▲ 2.5% |
| Amounts payable after more than one year17 | - | €48,704 | €34,900 | €21,900 | €26,507 | €12,000 | €12,000 | €44,176 | ▲ 268% |
| Financial debts170/4 | - | - | - | €21,900 | €26,507 | €12,000 | €12,000 | €44,176 | ▲ 268% |
| Amounts payable within one year42/48 | €116,099 | €88,204 | €193,095 | €119,286 | €112,991 | €100,209 | €97,991 | €69,253 | ▼ 29.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,000 | €11,697 | €11,507 | - | - | - |
| Financial debts43 | - | - | - | €48,004 | €43,069 | €52,533 | €50,060 | €2,000 | ▼ 96.0% |
| Credit institutions430/8 | - | - | - | €48,004 | €43,069 | €52,533 | €50,060 | €2,000 | ▼ 96.0% |
| Trade debts44 | €55,950 | €75,008 | €83,048 | €58,282 | €57,918 | €16,305 | €23,057 | €6,248 | ▼ 72.9% |
| Suppliers440/4 | - | - | - | €58,282 | €57,918 | €16,305 | €23,057 | €6,248 | ▼ 72.9% |
| Advances received on contracts in progress46 | - | - | - | - | - | €19,623 | €19,623 | €19,623 | = |
| Taxes, remuneration and social security45 | - | - | - | - | - | - | €4,375 | - | - |
| Taxes450/3 | - | - | - | - | - | - | €4,375 | - | - |
| Other amounts payable47/48 | - | - | - | - | €308 | €241 | €876 | €41,382 | ▲ 47× |
| Accrued charges and deferred income492/3 | - | - | - | - | - | - | €30,000 | €30,000 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €43,756 | -€26,142 | -€2,631 | -€97,759 | €22,855 | -€27,000 | €32,915 | €14,145 | ▼ 57.0% |
| + Depreciation and write-downs630 | €11,203 | €26,406 | €22,594 | €21,406 | €20,940 | €19,495 | €1,975 | €1,361 | ▼ 31.1% |
| Operating cash flow (approximation) | €54,959 | €264 | €19,963 | -€76,353 | €43,795 | -€7,505 | €34,890 | €15,506 | ▼ 55.6% |
| Investment in fixed assets (approximation) | - | -€89,894 | -€883 | -€2,242 | -€6,263 | -€5,046 | €0 | €0 | - |
| Change in cash | - | -€2,211 | €7,890 | -€10,852 | €119 | -€8,124 | €10,097 | €8,628 | ▼ 14.5% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 15 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 16-10-2026 | 2026-00560668 |
| 31-12-2024 | micro format | 12-11-2025 | 2025-00566091 |
| 31-12-2023 | micro format | 12-12-2024 | 2024-00614815 |
| 31-12-2022 | micro format | 06-10-2023 | 2023-00474718 |
| 31-12-2021 | micro format | 25-11-2022 | 2022-20525416 |
| 31-12-2020 | micro format | 22-11-2021 | 2021-78000275 |
| 31-12-2019 | micro format | 24-08-2020 | 2020-43700287 |
| 31-12-2018 | micro format | 09-08-2019 | 2019-45000196 |
| 31-12-2017 | micro format | 26-09-2018 | 2018-64800183 |
| 31-12-2016 | micro format | 26-07-2017 | 2017-36400542 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| RISNOVEANU Marius |
|
Owners and capital
Capital and shareholders
- 14-10-2026 Converted to available equity
Group and network
Connections & network
No directors read yet: 2 of 7 Gazette acts processed.
History
Acts, filings and financial milestones
14-10
Gazette deed
Resignation: RISNOVEANU Marius (manager)Appointment: RISNOVEANU Marius (director) · Amendment of the articles · Capital conversion6 facts ▸
- General meeting, 09-10-2026
- Amendment of the articles (2 times)
- Capital conversion, “beschikbaar voor uitkering” (deed in Dutch)
- Declaration, “notaris, inlichting over draagwijdte en verantwoordelijkheden” (deed in Dutch)
- Director resignation, RISNOVEANU Marius (manager)
- Director appointment, RISNOVEANU Marius (director)
08-09
Gazette deed
Registered officeRegistered-office move · Director in office2 facts ▸
- Registered-office move, Lange Lozanastraat 110, 2018 Antwerpen
- Director in office, Marius RISNOVEANU (director)
Show earlier events
About the unread acts
Of the 7 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 5 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0831.976.423
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11810K1629/00H005 | Flanders | 178 m² | 1 · 104 m² | 13.5 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Aannemer-plafonneerder-cementwerken. Het maken en aanbrengen van chape, stuc- en staffwerken. Het plaatsen van gyprocplaten. Het plaatsen…” (deed in Dutch)
37 activities (deed in Dutch)
- Aannemer-plafonneerder-cementwerken. Het maken en aanbrengen van chape, stuc- en staffwerken. Het plaatsen van gyprocplaten. Het plaatsen van tussenwanden in gipsplaten.
- Onderneming voor schilderwerken. Het schilderen van gebouwen en industriële schilderwerken (schilderen van bruggen, hijskranen, viaducten, metalen schrijnwerk …)
- Onderneming voor metsel- en betonwerken.
- Onderneming voor steenhouwen. De constructie van sierschouwen, open haarden, grafkelders en grafmonumenten.
- Onderneming voor marmerbewerking.
- Onderneming van tegelzetter.
- Onderneming voor behangen, wandbekleding en vloerbedekking. De fabricage, het plaatsen of het herstellen van alle houten vloerbedekking en wandbekleding.
- Onderneming voor het waterdicht maken van constructies. Het aanbrengen in gebouwen of andere constructiewerken van thermisch isolatiemateriaal, akoestisch isolatiemateriaal en isolatiemateriaal tegen trillingen.
- Dichtings- en verstevigingswerken door middel van inspuiting van harsachtige actieve bindstoffen.
- Wit- en sauswerken. Werken inzake droogmaking van gebouwen.
- De uitvoering van voegwerken en gevelreiniging. Reiniging met behulp van stoom, van zandstralen en gelijkaardige werkzaamheden aan de buitenkant van gebouwen.
- Elektrische installatie. De aanleg van elektriciteit in gebouwen, de vervaardiging van alarm- en beveiligingsapparatuur, apparatuur gebruikt in alarm- of beveiligingssystemen (met inbegrip van de plaatsing).
- De elektrische aansluiting van apparaten zoals wasmachines, afwasmachines en apparaten voor de productie van warm water door accumulatie. De installatie van keukens.
- De groot- en kleinhandel van elektrische en elektronische artikelen, van elektrische huishoudapparaten, telecommunicatieapparatuur, foto-, audio- en videomateriaal, met inbegrip van de reparatie, het onderhoud en de dienst na verkoop.
- Installatie van stuwkracht en telefonie. Vervaardiging en installatie van lichtreclame, elektrische apparaten, lampen en verlichting.
- Bijstand en onderhoud van informatica-uitrusting.
- Installatie van centrale verwarming. De vervaardiging, installatie, het onderhoud en de reparatie van warmtepompen, met inbegrip van verwarming op zonne-energie. Het plaatsen, het onderhoud en de reparatie van alle branders (centrale verwarming). De installatie van zonnepanelen. De installatie van ventilatie en luchtverversing, warme lucht verwarming, airconditioning, industriële koelsystemen, elektro-medische apparatuur en industriële leidingen.
- Sanitaire installatie en loodgieterij. Rioleringswerken. Onderneming voor het plaatsen van waterverzachters. Werken in verband met de distributie van water en gas. Loodgieterij en sanitaire installaties in transportmiddelen. Het leggen van kabels en van diverse kanalisaties.
- Installatie van gasverwarming door individuele apparaten. Loodgieterij uitgevoerd bij de plaatsing en/of aansluiting van keukenapparaten of apparaten voor de verwarming zoals convectoren, waterverwarmers en gasfornuizen.
- Aannemer van zinkwerken en metalen dakbedekkingen van gebouwen. Bijzonder atelier voor de vervaardiging van metaalwerken. Het plaatsen van hang- en sluitwerk van gebouwen. De constructie van demonteerbare paviljoenen en niet metalen barakken. Het plaatsen van smeedwerk, luiken en metalen schrijnwerk.
- Onderneming in niet-metalen dakbedekkingen van constructies. Het plaatsen van deuren en plinten in kunststof. Het plaatsen van hekken, samenvouwbare deuren en schuifdeuren, buitenrolluiken (met inbegrip van het werk in het atelier). Het bedekken van kroon- en daklijsten in PVC;
- Schrijnwerk en timmerwerk. Meubelwerk. Alle schrijnwerk van hout of van kunststof. De fabricage, het plaatsen of het herstel van luiken in hout of kunststof. Het plaatsen van afsluitingen en valse plafonds in hout.
- Het plaatsen van raamwerk in hout, PVC of aluminium.
- Afbraakwerken. Grondverzet. Wegenwerken. De installatie van wegsignalisatie en het aanbrengen van wegmarkering.
- Het inrichten van speelpleinen, sportpleinen, parken en tuinen en het aanbrengen van aanplantingen.
- Het optrekken en het afbreken van steigers en werkplatforms.
- Proefboren, boren en het boren van putten. Draineringswerken.
- Reiniging, onder meer de algemene reiniging van het interieur van gebouwen van alle aard, zoals kantoren, woningen of appartementen, fabrieken, winkels, instellingen, overige lokalen die voor commerciële of professionele doeleinden worden gebruikt, het reinigen van nieuwe gebouwen en het in orde brengen van de plaatsen na de werken; de reiniging van ramen; de reiniging en desinfectering van huizen en lokalen, van meubels, diverse voorwerpen; het ontmossen van daken; de industriële reiniging en andere reinigingswerkzaamheden.
- Landschapsverzorging, met onder meer het ontwerpen en het onderhoud van tuinen, parken en groene ruimten voor sportinstallaties; het snoeien van bomen en het knippen van heggen.
- Vastgoedpromotie, de aankoop, verkoop, verhuring en onderverhuring, de ruiling, de exploitatie, de leasing, de waardering, de verkaveling van alle mogelijke gebouwen of delen van gebouwen en elke handelsdaad die daarmee verband houdt, voor eigen rekening of voor rekening van derden.
- Het beheer van een onroerend vermogen bestaande uit onroerende goederen en rechten, handelsfondsen, de verbouwing, inrichting, makelarij en in het algemeen elke activiteit van tussenpersoon die daarmee verband houdt.
- Het beheer van onroerende goederen of rechten en het uitoefenen van de functie van syndicus van goederen in mede-eigendom.
- De invoer, uitvoer, de handel onder al zijn vormen, de vertegenwoordiging, de makelarij, de commissiehandel van verscheidene goederen.
- De vennootschap kan alle mogelijke commerciële, industriële, financiële, roerende of onroerende verrichtingen doen, die rechtstreeks of onrechtstreeks verband houden met haar voorwerp.
- De vennootschap heeft eveneens tot voorwerp de studie, de adviesverlening, expertise, engineering en elke dienstverlening in het kader van de in dit voorwerp beschreven activiteiten.
- De vennootschap kan deelnemen in alle vennootschappen, verenigingen en ondernemingen, zowel in België als in het buitenland, bij wijze van inbreng, inschrijving, overdracht, deelneming, fusie, financiële tussenkomst of anderszins en het mandaat van bestuurder, zaakvoerder, directeur of vereffenaar uitoefenen in andere vennootschappen.
- De vennootschap kan zich borg stellen zowel voor haar eigen verbintenissen als voor de verbintenissen van derden, onder andere door haar goederen in hypotheek of in pand te geven, met inbegrip van haar handelsfonds.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BOGDAN CONSTRUCT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “1, bezoldigd tenzij de algemene vergadering bij benoeming anders beslist” (deed in Dutch)2 more provisions on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Uitkeringen aan aandeelhouders, vennootschap kan in strijd verrichte uitkering terugvorderen van aandeelhouders ongeacht goede of kwade…” (deed in Dutch)“Bestemming van de winst, verdeeld door algemene vergadering” (deed in Dutch)
Meetings and financial year
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Elk aandeel geeft recht op één stem, stemrecht” (deed in Dutch)