Summary
FRANICK has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low). No annual accounts have been filed with the National Bank.
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.
- FRANICK
- 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
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each manager alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Onbezoldigd tenzij andersluidende beslissing algemene vergadering” (deed in Dutch)2 more provisions on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Aandelen op naam, bestuursorgaan” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Membership ruleWho can become a member or partner, and on what terms.
- “Oprichters en natuurlijke-of rechtspersonen aanvaard door bestuursorgaan of algemene vergadering, onderschrijving inhoudt aanvaarding van…” (deed in Dutch)“Eerste zes maanden van boekjaar, bestuursorgaan” (deed in Dutch)“Niet meer dan volgestorte deel op aandeel, waarde van aandeel uit balans boekjaar van ontslag of uitsluiting” (deed in Dutch)“Overlijden,faillissement,kennelijk onvermogen of onbekwaamverklaring, erfgenamen,schuldeisers of wettelijk vertegenwoordigers” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Monday of June at 18:00
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.
- “Één of meer vereffenaars, zolang geen vereffenaars, zaakvoerders van rechtswege met vereffening belast” (deed in Dutch)