DVL

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.

DVL

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

“Vlaams Gewest” (deed in Dutch)

deed of 22-09-2023

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.

“Vertegenwoordiging Iedere bestuurder vertegenwoordigt de vennootschap in en buiten rechte. Wanneer de vennootschap optreedt als…”

Board ruleHow the board is made up, meets and takes decisions.

“Met of zonder beperking van duur, elke bestuurder bevoegd alle handelingen nodig of dienstig tot verwezenlijking voorwerp,tenzij wet…” (deed in Dutch)

deed of 22-09-2023

Capital, shares and profit

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

“Overdracht van aandelen, in de statuten opgelegde regelingen” (deed in Dutch)

deed of 22-09-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.

First Friday of June at 18:00

deed of 22-09-2023

Oversight and winding up

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

“Algemene vergadering bepaalt wijze van vereffening overeenkomstig wettelijke bepalingen, ontbinding” (deed in Dutch)

deed of 22-09-2023

Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.

“2970 Schilde, Goudbloemlaan 12 C, ten minste vijf jaar” (deed in Dutch)

deed of 23-07-2026

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

Liquidation distribution: “Zullen worden aangewend om de schulden van de vennootschap aan te zuiveren, pro rata de schuldvorderingen van de schuldeisers van de…” (deed in Dutch)

Other provision: “De aandeelhouders treden in alle rechten en plichten van de ontbonden vennootschap” (deed in Dutch)

Other provision: “De ontbinding met onmiddellijke sluiting van vereffening doet in geen enkel opzicht afbreuk aan de beperkte aansprakelijkheid van de…” (deed in Dutch)

deed of 23-07-2026