Bormans
ActiveSummary
Bormans has been active since 1998 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €349,015 and a net result of -€9,153. Equity is growing by about 27% per year across the filed financial years. Its solvency ranks better than 57% of 39,152 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very 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.
- BORMANS
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Een of meer bestuurders,aandeelhouder of niet, artikel 5:73 WVV” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Friday of June at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Onverminderd rechten bevoorrechte schuldeisers betaalt vereffenaar alle schulden naar evenredigheid zonder onderscheid opeisbare en…” (deed in Dutch)