FRAC
ActiveSummary
FRAC has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84,717 and a net result of €42,699. Equity is growing by about 13% per year across the filed financial years. Its solvency ranks better than 21% of 39,137 sector peers (NACE 70, financial year 2025). 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.
- FRAC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, par simple décision de l’organe d’administration, des sièges administratifs, agences, ateliers, dépôts et succursales, tant…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Article 10. Organe d’administration, sans limitation de durée si durée non indiquée” (deed in French)“Frais généraux plus représentation voyages déplacements, Article 12. Rémunération des administrateurs” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata, mêmes formalités si non actionnaires de plein droit” (deed in French)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Tout temps,décision assemblée générale formes modifications statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Administrateurs en fonction désignés liquidateurs en vertu statuts si aucun autre désigné, quelque cause et moment” (deed in French)