FESTANO
ActiveSummary
FESTANO has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €738,004 and a net result of €52,626. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 21% of 15,729 sector peers (NACE 69, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (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.
- FESTANO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Bijlagen tot het Belgisch Staatsblad” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “1, alle handelingen nuttig of noodzakelijk voor bereiken vennootschapsvoorwerp” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, enige vennoot” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of June at 20:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Desgevallend onder voorbehoud van bevestiging door voorzitter ondernemingsrechtbank, tenzij algemene vergadering anders beslist” (deed in Dutch)“Ruimste wettelijke bevoegdheden, vennootschap in vereffening mag beroepsactiviteiten notaris niet voortzetten” (deed in Dutch)