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FRNDS

Active Risk: not assessed
Private limited companyfounded 2017active for 9 yearsKasteeldreef 26, 9270 Laarne, BelgiumKBO/BCE: BE 0677.993.079
Summary

FRNDS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €116,811 and a net result of €14,539. Equity is growing by about 7.9% per year across the filed financial years. Its solvency ranks better than 90% of 3,030 sector peers (NACE 66, financial year 2025). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.

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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.
FRNDS
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
One provision in the deed

deed of 19-01-2024

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.
“Bestuursorgaan, helft aanwezig of vertegenwoordigd” (deed in Dutch)

deed of 19-01-2024

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Op naam, register van aandelen op naam met vermeldingen WVV” (deed in Dutch)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Gedragen door gebruikers in evenredigheid,vennootschap bij niet of gedeeltelijke uitoefening in evenredigheid vrij overgedragen aandelen…” (deed in Dutch)
1 more provision on this in the deed

deed of 19-01-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
First Monday of December at 20:00

deed of 19-01-2024

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Algemene vergadering, vormen vereist voor statutenwijziging” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Indien geen andere vereffenaar benoemd, bestuurder(s) in functie als vereffenaar(s) krachtens statuten” (deed in Dutch)

deed of 19-01-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Op naam, aard andere effecten” (deed in Dutch)
Other provision: “Drie jaar, een of meerdere commissarissen” (deed in Dutch)
Other provision: “Bestuurder bij gebrek aandeelhouder met meeste aandelen bij pariteit oudste, zittingen processen-verbaal algemene vergadering” (deed in Dutch)
Other provision: “Beraadslagingen algemene vergadering stemming volmacht agenda, meerderheid van stemmen ongeacht vertegenwoordigde effecten behoudens wet of…” (deed in Dutch)
Other provision: “Elektronische algemene vergadering, deelnemen beraadslagingen en vragen stellen” (deed in Dutch)
Other provision: “Bestemming winst reserves interimdividend, bestuursorgaan binnen wettelijke grenzen uit winst lopend of voorgaand boekjaar zolang…” (deed in Dutch)
Liquidation distribution: “Verdeling netto-actief, netto actief naar verhouding aantal aandelen goederen in natura zelfde wijze” (deed in Dutch)
Other provision: “Mededelingen aanmaningen dagvaardingen betekeningen, woonstkeuze” (deed in Dutch)
Other provision: “Rechtbank in wiens rechtsgebied zetel gevestigd, betwisting zaken vennootschap en uitvoering statuten tussen vennootschap aandeelhouders…” (deed in Dutch)
Other provision: “Gemeen recht, clausules strijdig met dwingende WVV-bepalingen geacht niet geschreven” (deed in Dutch)
Other provision: “Intern reglement, samenstelling werking bevoegdheden takenverdeling verantwoordelijkheden verplichtingen praktische afspraken werking…” (deed in Dutch)
4 more provisions in the deed, see the deed of 19-01-2024

deed of 19-01-2024

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