Summary
DEBAFAR 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 €286,717 and a net result of -€6,787. Equity remains stable across the filed financial years (±0.8% per year). Its solvency ranks better than 35% of 3,030 sector peers (NACE 66, financial year 2025). The company has been active since 2003 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.
- DEBAFAR
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 16: Vertegenwoordiging van de vennootschap De vennootschap wordt geldig vertegenwoordigd door de enige bestuurder. De vennootschap…”
- Board ruleHow the board is made up, meets and takes decisions.
- “1, enige bestuurder” (deed in Dutch)“Alle handelingen nodig of dienstig tot verwezenlijking van het voorwerp, bevoegdheid enige bestuurder” (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 December at 11:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Kan op elk moment ontbonden worden door beslissing algemene vergadering met inachtneming vereisten statutenwijziging, ontbinding” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Benoeming van vereffenaars, bij gebrek benoeming worden enige bestuurder in functie op tijdstip ontbinding ten aanzien van derden van…” (deed in Dutch)