ENGASU
ActiveSummary
ENGASU has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €633,839. Equity remains stable across the filed financial years (±0.5% per year). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
“L’étude, la conception et la réalisation de toutes opérations commerciales, industrielles ou de distribution” (deed in French)
From the articles, 8 activitiesNo NACE code in the KBO yet1 site
Size
€5.8mtotal assets 2025
- Equity
- €1.6m
- Profit
- €633,839
Why 91raises risk1 change of registered office in 24 monthsLiquidity: current ratio 1.41, cash €247,184, halvedlowers riskSize: total assets €5.8mFigures for financial year 2025 (filed 11-06-2026)Show the evidence
Checked score
Score 2025
91
/ 100
Excellent
Probability in this band: under 0.55%
Financially better than 51% of its sector peers (no NACE code, small)
Financial strength · tick = 2024
Average
Solvency
53+8
equity 28.5% of total assets
Liquidity
17-6
short-term debt 71.1% · cash 4.3%
Profitability
65+27
return on assets 10.9%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.3%
12-2024: 0.3%● unchanged vs 11-2024
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025highest value
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: < 0.1%▼ -0.3 percentage points vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025lowest value
08-2025: < 0.1%● unchanged vs 07-2025lowest value
09-2025: < 0.1%● unchanged vs 08-2025lowest value
10-2025: < 0.1%● unchanged vs 09-2025lowest value
11-2025: < 0.1%● unchanged vs 10-2025lowest value
12-2025: 0.1%▲ +0.1 percentage points vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.2%▲ +0.1 percentage points vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.1%▼ -0.2 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
Credit of up to €150,000 on 30-day terms is acceptable
Liquidity tight (current ratio 1.41, compared with 1.26 in 2024, below the usual 1.5; short-term debt: 71.1% and cash: 4.3% of total assets), and 71.5% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, small): better than 33% on solvency, 12% on liquidity, 65% on profitability and 93% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
Six signals.
lowers riskraises riskneutral
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.6m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
50 days early
2024
61 days early
2023
48 days early
2022
25 days late
2021
25 days early
2020
52 days early
2019
29 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 34 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
29-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Highest result from 2018 to 2025net €633,839 ▲14,122%
- Registered officeRegistered-office move
Financials · financial year 2025, micro format
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€633,839▲ 142×
2024 · €4,457
Working capital
€1.7m▲ 60.0%
2024 · €1.0m
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €23,836 in 2025 against €21,762 in 2024; the loss grows and 2025 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€0.02m
2025
Net result€0.6m
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€5.8m
2025
Equity€1.6m
2025
Debt€4.1m
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€1.7m
2025
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€0.005m--€0.005m=-€0.005m▼ 4.3%-€0.005m▼ 1.6%-€0.02m▼ 197%-€0.02m▼ 45.7%-€0.02m▲ 3.3%-€0.02m▼ 9.5%
Net result-€0.2m-€0.5m-€0.2m-€0.1m▲ 57.5%-€0.2m▼ 48.4%-€0.02m▲ 88.7%€0.004m€0.6m▲ 142×
Equity€1.0m-€1.5m▲ 48.2%€1.3m▼ 16.0%€1.2m▼ 8.1%€1.0m▼ 13.1%€1.0m▼ 1.7%€1.0m▲ 0.4%€1.6m▲ 62.4%
Total assets€5.0m-€5.7m▲ 12.3%€5.3m▼ 6.3%€5.2m▼ 2.1%€5.1m▼ 1.5%€5.1m▲ 0.2%€5.1m▼ 1.1%€5.8m▲ 14.4%
Debt€4.0m-€4.1m▲ 3.0%€4.0m▼ 2.8%€4.0m▼ 0.1%€4.1m▲ 1.9%€4.1m▲ 0.6%€4.0m▼ 1.5%€4.1m▲ 2.3%
Working capital€1.0m-€1.5m▲ 47.5%€1.3m▼ 15.6%€1.2m▼ 8.0%€1.0m▼ 12.2%€1.0m=€1.0m▼ 0.2%€1.7m▲ 60.0%
Why a figure moved sharply
- 2021 Net result +58% on 2020. The accounts now follow the micro format, last year the full format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €5.8m
Equity
€1.6m ▲ 62.4%
Debt
€4.1m ▲ 2.3%
Debt's share of the balance-sheet total falls from 79.9% to 71.5%. Equity and debt are higher.
Key figures and ratios
Current ratio
1.41▲
2024 · 1.26
Debt to equity
2.51▼
2024 · 3.99
ROE
38.4%▲
2024 · 0.4%
ROA
10.9%▲
2024 · 0.1%
Debt ≤ 1 year
€4.1m▲
2024 · €4.0m
Income taxes
€98,454
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,609 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 96.8% are still going.
- Small
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.0%
went bankrupt
2.1%
stopped otherwise
96.8%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,609 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | - | - | - | - | €209 | €1,975 | ▲ 845% |
| Gross operating margin9900 | -€4,901 | -€4,901 | -€5,114 | -€5,194 | -€15,445 | -€22,502 | -€21,553 | -€21,861 | ▼ 1.4% |
| Operating profit (loss)9901 | -€4,901 | -€4,901 | -€5,114 | -€5,194 | -€15,445 | -€22,502 | -€21,762 | -€23,836 | ▼ 9.5% |
| Financial income75/76B | - | - | - | €103,973 | €362,323 | €194,338 | €352,386 | €578,309 | ▲ 64.1% |
| Recurring financial income75 | €118,324 | €621,302 | €198,806 | €103,973 | €362,323 | €194,338 | €352,386 | €578,309 | ▲ 64.1% |
| Financial charges65/66B | - | - | - | €184,682 | €434,715 | €187,234 | €326,167 | -€177,819 | - |
| Recurring financial charges65 | €333,410 | -€24,137 | €398,486 | €184,682 | €434,715 | €187,234 | €326,167 | -€177,819 | - |
| Profit (loss) for the period before taxes9903 | -€219,987 | €640,538 | -€204,793 | -€85,903 | -€87,837 | -€15,398 | €4,457 | €732,293 | ▲ 164× |
| Income taxes67/77 | €3,600 | €141,902 | €40,658 | €18,328 | €66,891 | €2,085 | - | €98,454 | - |
| Profit (loss) for the period9904 | -€223,588 | €498,636 | -€245,451 | -€104,231 | -€154,728 | -€17,483 | €4,457 | €633,839 | ▲ 142× |
| Profit (loss) for the period to be appropriated9905 | -€223,588 | €498,636 | -€245,451 | -€104,231 | -€154,728 | -€17,483 | €4,457 | €633,839 | ▲ 142× |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €5.0m | €5.7m | €5.3m | €5.2m | €5.1m | €5.1m | €5.1m | €5.8m | ▲ 14.4% |
| Current assets29/58 | €5.0m | €5.7m | €5.3m | €5.2m | €5.1m | €5.1m | €5.1m | €5.8m | ▲ 14.4% |
| Amounts receivable within one year40/41 | €0.01m | €0.01m | - | €0.01m | €0.01m | €0.005m | €0.004m | €0.004m | = |
| Other amounts receivable41 | - | - | - | €0.01m | €0.01m | €0.005m | €0.004m | €0.004m | = |
| Current investments50/53 | €3.2m | €2.3m | €2.8m | €4.0m | €4.5m | €5.1m | €4.4m | €5.5m | ▲ 26.3% |
| Cash at bank and in hand54/58 | €1.8m | €3.4m | €2.5m | €1.2m | €0.6m | €0.005m | €0.7m | €0.2m | ▼ 63.3% |
| Deferred charges and accrued income490/1 | - | - | - | - | €0.002m | - | - | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €5.0m | €5.7m | €5.3m | €5.2m | €5.1m | €5.1m | €5.1m | €5.8m | ▲ 14.4% |
| Equity10/15 | €1.0m | €1.5m | €1.3m | €1.2m | €1.0m | €1.0m | €1.0m | €1.6m | ▲ 62.4% |
| Contributions10/11 | €0.02m | €0.02m | - | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €1.0m | €1.5m | €1.3m | €1.2m | €1.0m | €1.0m | €1.0m | €1.6m | ▲ 63.6% |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €1.2m | €1.0m | €1.0m | €1.0m | €1.6m | ▲ 63.7% |
| Amounts payable17/49 | €4.0m | €4.1m | €4.0m | €4.0m | €4.1m | €4.1m | €4.0m | €4.1m | ▲ 2.3% |
| Amounts payable within one year42/48 | €4.0m | €4.1m | €4.0m | €4.0m | €4.1m | €4.1m | €4.0m | €4.1m | ▲ 2.5% |
| Financial debts43 | - | - | - | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Credit institutions430/8 | - | - | - | €4.0m | €4.0m | €4.0m | €4.0m | €4.0m | = |
| Trade debts44 | - | €151 | €99 | €99 | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 4.4% |
| Suppliers440/4 | - | - | - | €99 | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 4.4% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.05m | €0.06m | - | €0.1m | - |
| Taxes450/3 | - | - | - | - | €0.05m | €0.06m | - | €0.1m | - |
| Accrued charges and deferred income492/3 | - | - | - | €0.01m | €0.02m | €0.04m | €0.03m | €0.03m | ▼ 17.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.2m | €0.5m | -€0.2m | -€0.1m | -€0.2m | -€0.02m | €0.004m | €0.6m | ▲ 142× |
| Operating cash flow (approximation) | -€0.2m | €0.5m | -€0.2m | -€0.1m | -€0.2m | -€0.02m | €0.004m | €0.6m | ▲ 142× |
| Change in cash | - | €1.6m | -€0.9m | -€1.4m | -€0.6m | -€0.6m | €0.7m | -€0.4m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 17 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 11-06-2026 | 2026-00153262 |
| 31-12-2024 | micro format | 31-05-2025 | 2025-00111872 |
| 31-12-2023 | micro format | 13-06-2024 | 2024-00125647 |
| 31-12-2022 | micro format | 25-08-2023 | 2023-00352443 |
| 31-12-2021 | micro format | 06-07-2022 | 2022-20141123 |
| 31-12-2020 | full format | 09-06-2021 | 2021-18500062 |
| 31-12-2019 | full format | 02-07-2020 | 2020-24900133 |
| 31-12-2018 | micro format | 12-08-2019 | 2019-47400382 |
| 31-12-2017 | micro format | 05-07-2018 | 2018-30800153 |
| 31-12-2016 | full format | 05-07-2017 | 2017-27800020 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
1 director, last change in 2024
PARENT Henri
CurrentDirector (not named in the articles) · since 02-04-2024
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
2 of this company's 4 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
1 person since 2024, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| PARENT Henri |
|
Owners and capital
Capital and shareholders
Capital over the years
- 02-04-2024 Converted to unavailable equity
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
11-06
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
31-12
Financial
Highest result from 2018 to 2025net €633,839 ▲14,122%
Net result €633,839, the highest in the series.
13-11
Gazette deed
Registered officeRegistered-office move2 facts ▸
Gazette deed
Registered office
Registered-office move2 facts ▸
- General meeting, 30-09-2025
- Registered-office move, Hameau des Grands Empires 15, 7522 Blandain
31-05
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
31-12
Financial
Back to profitnet €4,457
Net result €4,457 after 4 loss-making years.
13-06
NBB filing
Annual accounts filed
financial year 2023 · micro format
02-04
Gazette deed
Resignation: PARENT Henri (manager)Appointment: PARENT Henri (director) · Amendment of the articles · Capital conversion10 facts ▸
Gazette deed
Resignation: PARENT Henri (manager)
Appointment: PARENT Henri (director) · Amendment of the articles · Capital conversion10 facts ▸
- General meeting, 20-12-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “formes et majorités de la modification des statuts, suppression du compte de capitaux propres statutairement indisponible” (deed in French)
- Capital
- Director resignation, PARENT Henri (manager)
- Director appointment, PARENT Henri (director (not named in the articles))
- Director discharge, PARENT Henri (gérant démissionnaire)
- Registered office clause, “7522 Tournai (Marquain),Rue de la Grande Couture,2” (deed in French)
- Power of attorney, Gaëtan QUENON
2023
25-08
NBB filing
Annual accounts filed
financial year 2022 · micro format · 25 days late
2022
06-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
09-06
NBB filing
Annual accounts filed
financial year 2020 · full format
2020
31-12
Financial
Weakest financial yearnet -€245,451
Net result drops to -€245,451, the lowest in the series; recovery starts the following year.
02-07
NBB filing
Annual accounts filed
financial year 2019 · full format
Show earlier events
2019
31-12
Financial
Back to profitnet €498,636
Net result €498,636 after one loss-making year.
12-08
NBB filing
Annual accounts filed
financial year 2018 · micro format · 12 days late
2018
05-07
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
05-07
NBB filing
Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 17 annual accounts filed, the latest 10 are here; all 17 are under Financials.
2 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Register details
Identification
Legal formPrivate limited company
Founded17-07-2008
Financial year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0899346683
Registered
21-10-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Legal Entity Identifier
54930080J1INRDGD3T18
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Tournai · 1 establishment unit since 2008
Ground area
2,796 m²
Building footprint
271 m²
Building volume
1,782 m³
2 parcels, Wallonia · tallest building 14.8 m. Linked by address, not a title deed.
1 establishment unit
Rue du Bardeau(MOU) 2, 7543 Tournai
since 2008unit no. 2.174.577.375
2 parcels
Wallonia
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 57008B0251/00D000 | Wallonia | 2,027 m² | 1 · 186 m² | 14.8 m · 2 |
| 57057A0233/00D000 | Wallonia | 769 m² | 1 · 85 m² | 8.1 m · 2 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’étude, la conception et la réalisation de toutes opérations commerciales, industrielles ou de distribution; La mise en valeur de biens…” (deed in French)
8 activities (deed in French)
- L’étude, la conception et la réalisation de toutes opérations commerciales, industrielles ou de distribution
- La mise en valeur de biens immobiliers ou mobiliers
- La réalisation de toutes opérations accessoires ou connexes, telles que : l’acquisition ou la transformation, l'aliénation, la mise en location, même emphytéotique, l'échange, la mise en gage pour compte propre ou au bénéfice ou pour compte de tiers de tous biens, soit faisant partie du patrimoine social, soit qu’il soit géré par la société pour compte, au bénéfice ou au risque de tiers, ainsi que l'octroi de toute caution
- Toutes opérations de leasing
- Accomplir, concevoir, pratiquer ou contrôler toutes opérations généralement quelconques, industrielles, commerciales, civiles, financières, mobilières ou immobilières, quelles qu'elles soient, se rapportant directement ou indirectement à cet objet, tant pour son compte que pour compte de tiers
- S'intéresser sous quelque forme et de quelque manière que ce soit, dans toutes affaires, associations, entreprises ou sociétés ayant un objet similaire, analogue au connexe ou de nature à favoriser celui de la société, à lui procurer des matières premières ou à faciliter l'écoulement de ses produits et même fusionner avec elles
- Fournir une caution personnelle ou réelle en faveur de tiers
- Financement de ces opérations
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ENGASU
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, Article 2” (deed in French)
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.
- “Avec ou sans limitation de durée, organe d’administration” (deed in French)“Fixe ou proportionnelle, Article 14” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, titulaires peuvent prendre connaissance du registre relatif à leurs titres” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Cessions entre vifs, modalisées et organisées, le cas échéant, préalablement à l’arrivée de nouveaux actionnaires et de modifications de…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of May at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues modifications statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur désigné, dissolution pour quelque cause et à quelque moment” (deed in French)