DISTRIB’EST

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.

DISTRIB’EST

Registered office clauseThe region of the registered office; it decides among other things the language of official documents.

“Région wallonne, par simple décision de l’organe d’administration,des sièges administratifs,agences,ateliers,dépôts et succursales,tant en…” (deed in French)

deed of 18-09-2023

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, organe d’administration” (deed in French)

“Frais représentation,voyages,déplacements en sus, portée aux frais généraux” (deed in French)

deed of 18-09-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.

“Nominatives, registre des actions nominatives” (deed in French)

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.

One provision in the deed

deed of 18-09-2023

Meetings and financial year

Financial yearThe twelve-month period the company draws up its annual accounts for.

From 1 January to 31 December

deed of 18-09-2023

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.

“Tout temps par assemblée générale dans formes modifications statuts” (deed in French)

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.

“Quelque cause et moment, désigner liquidateurs,déterminer pouvoirs et émoluments” (deed in French)

deed of 18-09-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

1 more provision in the deed, see the deed of 09-04-2024

Liquidation distribution: “Actif net entre actionnaires en proportion actions, apurement dettes charges frais ou consignation montants” (deed in French)

deed of 18-09-2023