Formula sat
ActiveSummary
Formula sat has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €171,872 and a net result of -€44,643. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 88% of 34,678 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Laventeetl’installationdesystèmeélectrique,électroniquesetsatellitaires…” (deed in French)
4 activities (deed in French)
- Laventeetl’installationdesystèmeélectrique,électroniquesetsatellitaires
- Laventedetubagesenacierinox,intermédiairedeproduitsalimentaires(agentd’usinehoreca)
- Agentdetourisme
- Import,export
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Formula Sat
- Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
- One provision in the deed
- 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.
- “Organe d'administration, nommés avec ou sans limitation de durée” (deed in French)“Indépendamment des frais éventuels de représentation,voyages et déplacements, mandat exercé gratuitement ou non” (deed in French)
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.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Pour quelque cause et à quelque moment que ce soit, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)