Crovas
ActiveSummary
The computed 12-month bankruptcy probability of Crovas is 3.4% (moderate). The 2025 annual accounts show negative equity (-€43,396) and a net result of -€48,396. The company has been active since 2024 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.
- Crovas
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De statutaire bestuurder, de heer CROCAERTS Stefan, vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)“Steeds wegens wettige reden zonder opzeggingstermijn of vertrekvergoeding, algemene vergadering” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft kopers naar evenredigheid, gemeen overleg of voorzitter ondernemingsrechtbank zoals in kortgeding op verzoek meest…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June 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.
- “Vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)“Algemene vergadering, zoals inzake statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Artikel 2:87 Wetboek van vennootschappen en verenigingen, Artikel 24” (deed in Dutch)