Summary
CORICK is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €172,034 and a net result of €33,791. Equity is growing by about 23% per year across the filed financial years. Its solvency ranks better than 37% of 9,701 sector peers (NACE 64, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.
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.
- CORICK
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bestuursorgaan mag bij enkel besluit administratieve…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 12. Bevoegdheden van het bestuursorgaan Bestuursbevoegdheid Als er slechts één bestuurder is, is het geheel van de bevoegdheden van…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Vaste vertegenwoordiger, uitoefening functie rechtspersoon-bestuurder binnen bestuurde vennootschap” (deed in Dutch)“Algemene vergadering, al dan niet ten kosteloze titel” (deed in Dutch)1 more provision on this in the deed
- 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.
- “Gelijk recht in winstverdeling en vereffeningsaldo, 186” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Basisrentetarief Europese Centrale Bank verhoogd met één procent, kandidaat-overdrager of rechthebbende overleden aandeelhouder verzoekt…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Saturday of June at 18:00
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