FACE44
ActiveSummary
FACE44 has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,007 and a net result of €8,175. Its solvency ranks better than 26% of 21,070 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 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.
- FACE44
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, algemene vergadering die benoemt bepaalt aantal, duur opdracht en bij meerdere bevoegdheid” (deed in Dutch)“Vaste of evenredige vergoeding, algemene kosten, los van representatie-, reis- en verplaatsingskosten” (deed in Dutch)3 more provisions on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Prijs geboden door kandidaat-overnemer, bij gebrek overeenstemming deskundige in gemeen overleg, anders voorzitter ondernemingsrechtbank…” (deed in Dutch)“Alleen enige aandeelhouder beslist tot overdracht geheel of gedeelte, overdracht aandelen enige aandeelhouder” (deed in Dutch)“Enige aandeelhouder laat erfgenamen of legatarissen na, oefent lidmaatschapsrechten inclusief stemrechten uit” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Voorkeurrecht aan eigenaar-pandgever, Nieuwe aandelen waarop in geld wordt ingeschreven” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 13:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- 2 provisions in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bij ontbinding,om welke reden en op welk ogenblik ook,indien geen andere vereffenaar benoemd, behoudens ontbinding en afsluiting vereffening…” (deed in Dutch)