Summary
ERPA 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 €18.2m and a net result of €686,199. Equity remains stable across the filed financial years (±1.5% per year). Its solvency ranks better than 84% of 6,652 sector peers (NACE 64, financial year 2025). The company has been active since 1999 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
- Name clauseThe name the company operates under according to its articles.
- ERPA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, oprichten of opheffen van administratieve zetels, agentschappen, ateliers, opslagplaatsen en bijhuizen bij enkel besluit van…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “6 jaar, algemene vergadering kan mandaat elke bestuurder te allen tijde zonder opgave van redenen met onmiddellijke ingang beëindigen” (deed in Dutch)“Herstemming tussen (twee) kandidaten met meeste stemmen, door loutere kennisgeving aan raad van bestuur” (deed in Dutch)“Voorstel verworpen, meerderheid van stemmen” (deed in Dutch)“Bijzonder register, voorzitter of ten minste twee bestuurders” (deed in Dutch)“Alle handelingen nodig of dienstig tot verwezenlijking voorwerp, enige bestuurder of raad van bestuur” (deed in Dutch)“Vaste of variabele vergoeding of zitpenningen, raad van bestuur” (deed in Dutch)2 more provisions on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of June at 12:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Één of meer, benoeming van de vereffenaars” (deed in Dutch)“Bevoegdheden van de vereffenaars, alle verrichtingen vermeld in de wet” (deed in Dutch)