COSOM
ActiveSummary
COSOM has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141,142 and a net result of €42,183. Its solvency ranks better than 26% of 12,578 sector peers (NACE 47, financial year 2025). 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.
- COSOM
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne, tous pouvoirs aux fins de faire constater authentiquement la modification statutaire éventuelle” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 11. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)“Rémunération des administrateurs, portée aux frais généraux indépendamment frais éventuels de représentation, voyages et déplacements” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Pour moitié cédant et pour moitié acquéreur(s) proportionnellement nombre actions acquises s'ils sont plusieurs, tous cas cessions entre…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Actions nouvelles à souscrire en numéraire, Apport en numéraire avec émission de nouvelles actions – Droit de préférence” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Wednesday of May at 19:00
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.
- “Décision de l'assemblée générale dans formes des modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)“Apurement dettes,charges,frais ou consignation montants nécessaires, actif net entre actionnaires en proportion des actions,biens conservés…” (deed in French)