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BorderSystem

Active
Private limited companyfounded 2013active for 13 yearsBois Manant 27, 4052 Chaudfontaine, BelgiumKBO/BCE: BE 0536.649.629
Summary

BorderSystem has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.8m) and a net result of -€51,164. Equity is shrinking by about 15% per year across the filed financial years. Its solvency ranks better than 5% of 13,646 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 1.5% (low).

Risk analysisFollow ReportCompare
BorderSystemActiveChecked score 53/100
Risk analysis ReportCompare

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.
BorderSystem
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région wallonne, 2” (deed in French)

deed of 28-12-2023

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Article 15. Pouvoirs de l’organe d’administration. S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
Board ruleHow the board is made up, meets and takes decisions.
“1, sans limitation de durée” (deed in French)
“Assemblée générale, ad nutum” (deed in French)
“Frais généraux, assemblée générale” (deed in French)

deed of 28-12-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“À dater inscription registre vis-à-vis société et tiers, nominatives” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
One provision in the deed
Share issue ruleHow and by whom new shares can be issued.
“Droit au débiteur-gagiste, organe qui procède à émission” (deed in French)
Financial instrumentSecurities other than shares, such as bonds or warrants, the company can issue.
One provision in the deed
Membership ruleWho can become a member or partner, and on what terms.
“À charge du patrimoine de la société des actionnaires” (deed in French)

deed of 28-12-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Friday of June at 18:00

deed of 28-12-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Modifications statuts, assemblée générale” (deed in French)
1 more provision on this in the deed
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
One provision in the deed

deed of 28-12-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Inscription des transferts de titres, registre relatif à ces titres” (deed in French)
Other provision: “Composition et pouvoirs assemblée générale, universalité des actionnaires” (deed in French)
Other provision: “Communication électronique mise à disposition par société, représentation et participation à distance” (deed in French)
Other provision: “Bureau assemblée générale, plus âgé” (deed in French)
Other provision: “Vote, 1” (deed in French)
Other provision: “Procès-verbaux assemblée générale, un ou plusieurs membres organe administration ayant représentation” (deed in French)
Other provision: “Compétence judiciaire, société actionnaires gérants commissaires liquidateurs affaires statuts” (deed in French)
Other provision: “Quorums modification statuts, trois quarts des voix” (deed in French)
9 more provisions in the deed, see the deed of 28-12-2023

deed of 28-12-2023

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