FAVOURITE
ActiveSummary
FAVOURITE has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.5m and a net result of €86,477. Equity is growing by about 3.7% per year across the filed financial years. 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.
- FAVOURITE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij eenvoudig besluit van de raad van bestuur zowel in Belgie als in het buitenland administratieve zetels, bijhuizen of…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De Raad van Bestuur bepaalt of zij alleen of gezamenlijk handelen. De gedelegeerden voor het dagelijks bestuur kunnen met betrekking tot dit…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Raad van bestuur, ten minste wettelijk vereiste minimum aantal leden” (deed in Dutch)“Vergoeding bestuurders, kosteloos tenzij algemene vergadering anders beslist” (deed in Dutch)“Algemene Vergadering, 6” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Alle aandelen op naam, afgegeven aan houders van aandelen op naam” (deed in Dutch)“Creatie conform Wetboek van vennootschappen en verenigingen mits naleving voorwaarden voor statutenwijziging, aandelen zonder stemrecht” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdracht van aandelen,converteerbare obligaties en warrants” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Sunday of June at 11:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Door algemene vergadering aangewezen vereffenaar(s), benoeming vereffenaars” (deed in Dutch)2 more provisions on this in the deed