Fold
ActiveSummary
Fold has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €52,146 and a net result of €27,575. Equity remains stable across the filed financial years (±0.5% per year). Its solvency ranks better than 25% of 20,539 sector peers (NACE 62, financial year 2024). The computed 12-month bankruptcy probability is 1.4% (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.
- FOLD
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, administratieve zetels,exploitatiezetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij…” (deed in Dutch)
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.
- One provision in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision 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.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Uitgiftevoorwaarden bepalen al dan niet beschikbare eigen vermogensrekening;bij stilzwijgen of inbreng zonder nieuwe aandelen op beschikbare…” (deed in Dutch)“Ten minste vijftien dagen vanaf openstelling intekening, voorkeurrecht aan eigenaar-pandgever tenzij anders overeengekomen” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- Closes on 30 December
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Sunday of June at 10:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Artikel 25, recht algemene vergadering één of meerdere vereffenaars aan te duiden,bevoegdheden te omlijnen,vergoeding te bepalen” (deed in Dutch)