GARAGE ERIC
ActiveSummary
The computed 12-month bankruptcy probability of GARAGE ERIC is 3.4% (moderate). The 2025 annual accounts show negative equity (-€52,991) and a net result of -€28,916. Equity is shrinking by about 16% per year across the filed financial years. Its solvency ranks better than 11% of 3,266 sector peers (NACE 95, financial year 2025). The company has been active since 2023 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.
- GARAGE ERIC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, België en buitenland” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 11. Bevoegdheden van het bestuursorgaan Enige bestuurder Als er slechts één bestuurder is, is het geheel van de bevoegdheden van de…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, met of zonder beperking van duur” (deed in Dutch)“Algemene kosten los van representatie-,reis- en verplaatsingskosten, algemene vergadering” (deed in Dutch)
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 voorgeschreven door Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager,helft koper(s) naar evenredigheid verworven aantal;zelfde bij erfgenaam/legataris, elke overdracht onder levenden ten…” (deed in Dutch)“Elke overdracht onder levenden van aandelen of andere effecten die recht geven op verwerving van aandelen, kan geheel of deel vrij…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “In geld met uitgifte van nieuwe aandelen, voorkeurrecht aan eigenaar-pandgever” (deed in Dutch)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar benoemd, bestuurder(s) in functie krachtens statuten” (deed in Dutch)