Summary
ELESSAR 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 €56,986 and a net result of €20,986. Its solvency ranks better than 44% of 9,660 sector peers (NACE 64, financial year 2025). The company has been active since 2025 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
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Doornstraat 85,2610 Antwerpen-Wilrijk” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “6.3. Bestuursbevoegdheid Iedere bestuurder beschikt individueel over de meest uitgebreide macht om alle daden van bestuur te verrichten die…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meerdere” (deed in Dutch)“Algemene vergadering, steeds wegens wettige redenen zonder opzegtermijn of vertrekvergoeding” (deed in Dutch)“Meest uitgebreide macht voor alle daden van bestuur nodig of dienstig voor verwezenlijking voorwerp, iedere bestuurder individueel” (deed in Dutch)“Van algemene vergadering van benoeming tot jaarvergadering in boekjaar van verstrijken volgens benoemingsbesluit, onbepaalde duur indien…” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- 2 provisions in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of March at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Vereffening, procedure artikel 2:80 Wetboek van vennootschappen en verenigingen” (deed in Dutch)