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ELCO

Active
Private limited companyfounded 2000active for 25 yearsRue de Fontaine(BIN) 405, 7130 Binche, BelgiumKBO/BCE: BE 0473.404.045
Summary

ELCO has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €146,114 and a net result of €8,973. Equity is shrinking by about 8.2% per year across the filed financial years. Its solvency ranks better than 89% of 5,640 sector peers (NACE 81, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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ELCOActiveChecked score 96/100
Risk analysis ReportCompare

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.
ELCO
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région wallonne, organe d’administration” (deed in French)

deed of 18-01-2024

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Organe d'administration, sans limitation de durée” (deed in French)

deed of 18-01-2024

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.
“Moitié cédant moitié acquéreurs proportionnellement nombre actions si plusieurs, cessions entre vifs et transmissions cause mort” (deed in French)
Share issue ruleHow and by whom new shares can be issued.
“Apport en numéraire avec émission de nouvelles actions – droit de préférence, courrier électronique,ou courrier ordinaire même jour si pas…” (deed in French)

deed of 18-01-2024

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Formes prévues pour 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, administrateurs en fonction désignés liquidateurs en vertu des statuts si…” (deed in French)

deed of 18-01-2024

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

Other provision: “Gestion journalière, organe d'administration” (deed in French)
Other provision: “Contrôle de la société, lorsque loi exige et limites qu'elle prévoit” (deed in French)
Other provision: “Remise premier jour ouvrable suivant, 18h00” (deed in French)
Other provision: “Procuration écrite à toute personne, délibérations-vote” (deed in French)
Other provision: “Organe d'administration, trois semaines” (deed in French)
Other provision: “Répartition-réserves, bénéfice exercice en cours ou précédent tant que comptes non approuvés” (deed in French)
Liquidation distribution: “Biens conservés remis pour partage même proportion, actif net réparti entre actionnaires en proportion de leurs actions” (deed in French)
Other provision: “Siège, élection de domicile” (deed in French)
Other provision: “Tribunaux du siège,compétence exclusive, compétence judiciaire” (deed in French)
Other provision: “Clauses contraires dispositions impératives censées non écrites, droit commun” (deed in French)
Other provision: “Appels de fonds, au fur et à mesure des besoins aux époques jugées utiles” (deed in French)
5 more provisions in the deed, see the deed of 18-01-2024

deed of 18-01-2024

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