CLOTUCHE
ActiveSummary
CLOTUCHE has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2020 annual accounts show negative equity (-€39,203) and a net result of €13,721. Equity is growing by about 12% per year across the filed financial years. Its solvency ranks better than 5% of 536 sector peers (NACE 01, financial year 2020). The computed 12-month bankruptcy probability is 0.8% (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.
- CLOTUCHE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, rue de l'Eglise, 6 à 6670 Gouvy” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 21. Représentation de la société et pouvoir de signature La société sera valablement représentée dans tous les actes et en droit par…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Indéterminée, associés-gérants” (deed in French)2 more provisions on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 30 June
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Délibérations, majorité absolue des associés sauf stipulation contraire de la loi ou des statuts” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed