Summary
FREE-D has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (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.
- “ARTIKEL 3.DUUR De vennootschap is opgericht voor onbepaalde tijd te rekenen vanaf heden. Zij kan slechts door de wil van de vennoten…” (deed in Dutch)
- Name clauseThe name the company operates under according to its articles.
- Free-D
- 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.
- “Slechts om wettige redenen door besluit algemene vergadering met regels voor wijziging statuten, alles nodig of nuttig voor…” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Artikel 1690 Burgerlijk Wetboek, zaakvoerder of college van zaakvoerders” (deed in Dutch)
- Membership ruleWho can become a member or partner, and on what terms.
- “Gecommanditeerde vennoten en commanditaire vennoten, recht op zetel kennis te nemen van alle registers en maatschappelijke geschriften en…” (deed in Dutch)
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.
- One provision in the deed