ETHNICRAFT
ActiveSummary
The annual accounts of ETHNICRAFT for financial year 2025 show a net loss of 56% of the equity at the start of that year. The 2025 annual accounts show equity of €6.8m and a net result of -€8.5m. Equity is growing by about 25% per year across the filed financial years. Its solvency ranks better than 34% of 6,153 sector peers (NACE 46, financial year 2025). The company has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De groot- en kleinhandel,de in- en uitvoer,de vertegenwoordiging,de distributie en de commissiehandel van meubilair en…” (deed in Dutch)
4 activities (deed in Dutch)
- De groot- en kleinhandel,de in- en uitvoer,de vertegenwoordiging,de distributie en de commissiehandel van meubilair en materieel,decoratie,fantasie-,gebruiks- en kunstvoorwerpen,schilderijen en gravures,tapijten,verlichtings-artikelen,glas-,gleis-,en keramiekwerk,behang,textiel,aanverwante artikelen en bijhorigheden,hedendaags,klassiek,antiek of tweedehands
- De fabricatie van decoratiematerieel en meubilair,fantasie-,gebruiks- en kunstvoorwerpen
- De inrichting en decoratie van woningen,burelen en in het algemeen van alle private en openbare gebouwen
- Studie- en adviesbureel voor binnenhuisinrichting
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- ETHNICRAFT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “V. B. Bepalingen van toepassing wanneer de vennootschap wordt bestuurd door één enkele bestuurder Artikel 22 : Vertegenwoordiging van de…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Raad van bestuur, bevoegdheid algemene vergadering volgens wet” (deed in Dutch)“3, te allen tijde zonder opgave van redenen met onmiddellijke ingang door algemene vergadering” (deed in Dutch)“Andersluidende beslissing algemene vergadering, niet bezoldigd” (deed in Dutch)2 more provisions on this in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Monday of June at 11:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed