BREAKING 320
Active Risk: not assessedSummary
BREAKING 320 is less than twelve months old; there is no public track record yet to compute a bankruptcy probability from. The company has been active since 2026 and the Belgian Official Gazette contains no insolvency or warning signals. No annual accounts have been filed with the National Bank.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- 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.
- “Lorsque les administrateurs constituent un organe collégial, et que la place d’un administrateur devient vacante avant la fin de son mandat…” (deed in French)“Tout administrateur peut donner à un de ses collègues, par écrit ou tout autre moyen de communication ayant un support matériel, mandat pour…” (deed in French)2 more provisions on this in the deed
- Permanent representative ruleA company that is a director names a natural person to carry out the mandate on its behalf.
- “Exécution du mandat au nom et pour le compte de la personne morale, représentant_permanent_personne_morale” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “La société tient à son siège un registre pour chaque catégorie de titres nominatifs que la société a émis., Les propriétaires de titres…” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “S'il n'y a qu'un seul actionnaire, il peut transmettre librement ses actions., En cas de pluralité d’actionnaires, les actions peuvent être…” (deed in French)
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- One provision in the deed
- Financial instrumentSecurities other than shares, such as bonds or warrants, the company can issue.
- “Emission, obligations, le cas échéant convertibles en actions, et des droits de souscription attachés ou non à un autre titre” (deed in French)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- First financial yearThe first financial year after incorporation can be shorter or longer than twelve months.
- First financial year to 31-12-2027, first annual accounts due by 31-07-2028
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.
- One provision in the deed