EXPLAIN
ActiveSummary
EXPLAIN has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €550,951 and a net result of €152,345. Equity is growing by about 45% per year across the filed financial years. Its solvency ranks better than 62% of 10,760 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
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.
- EXPLAIN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne, sièges administratifs, agences, ateliers, dépôts et succursales, tant en Belgique qu'à l'étranger, par simple décision de…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, organe d'administration” (deed in French)“Rémunération des administrateurs, assemblée générale” (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.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Au moins quinze jours à dater de l'ouverture de la souscription, actions nouvelles à souscrire en numéraire offertes par préférence aux…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Décision assemblée générale dans formes des modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Administrateurs en fonction désignés liquidateurs en vertu des statuts si aucun autre désigné, dissolution pour quelque cause et à quelque…” (deed in French)