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First Tracks

Active
Private limited companyfounded 2024active for 2 yearsGuldensporenstraat 64, 8560 Wevelgem, BelgiumKBO/BCE: BE 1007.744.381
Summary

First Tracks has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €73,233 and a net result of €49,539. Its solvency ranks better than 60% of 38,983 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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First TracksActiveChecked score 97/100
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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.
First Tracks
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest” (deed in Dutch)

deed of 02-04-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur, 1” (deed in Dutch)

deed of 02-04-2024

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Gelijk recht in winstverdeling, 120” (deed in Dutch)

deed of 02-04-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
20 June at 20:00

deed of 02-04-2024

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.
“Vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)

deed of 02-04-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Aandelen moeten bij uitgifte niet worden volgestort, stortingsplicht” (deed in Dutch)
Other provision: “Op naam, aard van de aandelen” (deed in Dutch)
Other provision: “Vergoeding van de bestuurders, algemene kosten” (deed in Dutch)
Other provision: “Alleen of gezamenlijk, gedelegeerd bestuurder” (deed in Dutch)
Other provision: “Drie jaar, één of meerdere commissarissen” (deed in Dutch)
Other provision: “Toegang tot de algemene vergadering, deelname zonder stemming indien enkel stemrechten geschorst” (deed in Dutch)
Other provision: “Bestuurder,bij gebrek aanwezige aandeelhouder met meeste aandelen,bij pariteit oudste, zittingen-processen-verbaal” (deed in Dutch)
Other provision: “Beraadslagingen-stemrecht, §1” (deed in Dutch)
Other provision: “Bestemming van de winst-reserves, winst lopende boekjaar of winst voorgaande boekjaar zolang jaarrekening nog niet goedgekeurd” (deed in Dutch)
1 more provision in the deed, see the deed of 02-04-2024

deed of 02-04-2024

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