BTF
ActiveSummary
The computed 12-month bankruptcy probability of BTF is 2.5% (moderate). The 2025 annual accounts show equity of €323,469 and a net result of -€219,876. Equity is shrinking by about 4.6% per year across the filed financial years. Its solvency ranks better than 32% of 383 sector peers (NACE 28, financial year 2025). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'achat, la vente, l'expertise, l'audit, la location, la construction, l'entretien et la réparation de fours et de manière générale de tous…” (deed in French)
4 activities (deed in French)
- L'achat, la vente, l'expertise, l'audit, la location, la construction, l'entretien et la réparation de fours et de manière générale de tous matériels électriques, métalliques et mécaniques
- Toutes opérations commerciales, industrielles, mobilières, immobilières ou financières se rattachant directement ou indirectement à son objet social ou qui seraient de nature à en faciliter la réalisation
- S'intéresser par voie d'apport, de fusion, de souscription, d'intervention financière ou de toute autre manière dans toutes affaires, entreprises, associations ou sociétés ayant un objet identique, analogue ou connexe au sien ou qui sont de nature à favoriser la réalisation de son objet social
- Exercer un mandat de gérant et d'administrateur dans toutes sociétés de même nature
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BTF
- Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
- “Application du Code des sociétés et des associations, réputées non écrites” (deed in French)
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, peut établir ou supprimer des sièges administratifs, agences, ateliers, dépôts et succursales en Belgique ou à l'étranger…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Se réserve le droit de demander la désignation d’un ou de plusieurs administrateurs proportionnellement à l’importance de sa participation…” (deed in French)9 more provisions on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- 3 provisions in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Trente jours de la réception de la notification, droit de préemption” (deed in French)2 more provisions on this in the deed
- Financial instrumentSecurities other than shares, such as bonds or warrants, the company can issue.
- One provision in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- 4 provisions in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 16:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- 10 provisions in the deed
- Quorum ruleHow many shareholders or shares must be present for the meeting to decide validly.
- One provision in the deed
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- 3 provisions in the deed
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- 3 provisions in the deed