ELGON
ActiveSummary
ELGON has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €317,220 and a net result of €7,191. Equity remains stable across the filed financial years (±2.4% per year). Its solvency ranks better than 46% of 15,714 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De aan- en verkoop, het renoveren en verhuren van onroerende goederen; Alle diensten in verband met fiscale en boekhoudkundige…” (deed in Dutch)
3 activities (deed in Dutch)
- De aan- en verkoop, het renoveren en verhuren van onroerende goederen.
- Alle diensten in verband met fiscale en boekhoudkundige aangelegenheden, evenals het uitvoeren van alle controle- en expertisetaken in dit verband.
- Verzekeringsagentschap.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ELGON
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bestuursorgaan kan bij enkel besluit administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, met of zonder beperking van duur” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, bij splitsing blote eigendom en vruchtgebruik worden vruchtgebruiker en blote eigenaar afzonderlijk ingeschreven met vermelding…” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Friday of June at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen vereist voor statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, recht algemene vergadering om een of meerdere vereffenaars aan te duiden,bevoegdheden te omlijnen en…” (deed in Dutch)