Summary
Garcelot has a registered holding activity and consists mainly of financial fixed assets; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.2m and a net result of €185,807. Equity is growing by about 20% per year across the filed financial years. Its solvency ranks better than 40% of 10,757 sector peers (NACE 70, financial year 2025). The company has been active since 2008 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.
- Garcelot
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “*De besluiten van het bestuursorgaan kunnen genomen worden in schriftelijke vorm. *Elke bestuurder vertegenwoordigt de vennootschap jegens…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuurders, 1” (deed in Dutch)“Tenzij algemene vergadering bij benoeming anders beslist, niet bezoldigd” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Monday of January at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment, met inachtneming vereisten voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding en sluiting vereffening in één akte, onder voorwaarden van artikel 2:80 WVV” (deed in Dutch)“Ten aanzien van derden van rechtswege als vereffenaars beschouwd, geen vereffenaars benoemd of aangewezen” (deed in Dutch)