Froka
ActiveSummary
Froka is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. For Froka, one filing cycle of the annual accounts is missing. The 2024 annual accounts show equity of €169,433 and a net result of €36,734. Equity is growing by about 3.2% per year across the filed financial years. Its solvency ranks better than 65% of 9,716 sector peers (NACE 64, financial year 2024). The company has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals.
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.
- Froka
- 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.
- “Artikel 16.- Vertegenwoordiging - Gerechtelijke handelingen en rechtshandelingen De Vennootschap wordt vertegenwoordigd in de handelingen…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Plaats van bestuurder vrijkomt door overlijden ontslag of om het even welke reden, overblijvende bestuurders hebben recht nieuwe bestuurder…” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Recht op waarde van overgegane aandelen niettegenstaande elk andersluidend beding, overgang van aandelen ten gevolge van overlijden” (deed in Dutch)2 more provisions on this in the deed
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- “Toelating, data en voorwaarden door bestuursorgaan” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- “HOOFDSTUK VI: BOEKJAAR - JAARREKENINGEN Artikel 28.- Boekjaar. Het boekjaar begint op één januari en eindigt op één en dertig december van…” (deed in Dutch)
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Thursday of May at 20:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed