GASSAY
Active Risk: not assessedSummary
GASSAY is less than twelve months old; there is no public track record yet to compute a bankruptcy probability from. The company has been active since 2026 and the Belgian Official Gazette contains no insolvency or warning signals. 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.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GASSAY
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, La société peut établir, par simple décision de l’organe d’administration, des sièges administratifs, agences…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “ARTICLE 13. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d’administration” (deed in French)“Rémunération des administrateurs, indépendamment des frais éventuels de représentation, voyages et déplacements” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Tenus de solliciter l’agrément selon les mêmes formalités s’ils ne deviennent pas de plein droit actionnaires” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Chaque action donne un droit égal dans la répartition des bénéfices et des produits de la liquidation., rémunération des apports” (deed in French)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Distribution du bénéfice et acomptes sur dividendes, organe d’administration” (deed in French)“Organe d'administration, assemblée générale” (deed in French)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- First financial yearThe first financial year after incorporation can be shorter or longer than twelve months.
- First financial year to 31-12-2026, first annual accounts due by 31-07-2027
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of June at 18:00
- Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
- One provision in the deed
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Vote à distance avant l'assemblée générale, conseil d'administration” (deed in French)1 more provision on this in the deed
- Written decisionsDecisions without a meeting, when everyone involved agrees in writing.
- “Toutes les décisions qui relèvent du pouvoir de l'assemblée générale, dans les limites de la loi, celles qui doivent être reçues dans un…” (deed in French)
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
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Lorsque la loi l'exige et dans les limites qu'elle prévoit, 3” (deed in French)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour les modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur n'aurait été désigné, le ou les administrateurs en fonction” (deed in French)