Codanics
ActiveSummary
Codanics has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,420 and a net result of €33,195. Its solvency ranks better than 41% of 39,131 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 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.
- Codanics
- 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
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Bezoldiging van de bestuurders De algemene vergadering beslist of het mandaat van de bestuurder al dan niet bezoldigd is. Indien het mandaat…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, onbepaalde-duur-bij-gebrek-aan-bepaling” (deed in Dutch)“Bezoldiging-bestuurders, onbezoldigd-tot-andersluidend-besluit” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Uittreksel in de vorm van een certificaat op verzoek van ingeschrevene, register van effecten in de categorie van effecten op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Thursday of December at 07:30
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Om welke reden en op welk ogenblik ook, beslissing algemene vergadering in vormen statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed