Summary
GERAC has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low). No figures have been read from the filed annual accounts.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bestuursorgaan” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Nietigheid, erfgenamen,legatarissen,rechtverkrijgenden en bij ontbinding rechtspersoon-vennoot niet van rechtswege vennoot” (deed in Dutch)“Overdracht bij overlijden, bij onderling overleg” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering beslist tot ontbinding en sluiting vereffening in één akte, vereenvoudigde ontbinding en vereffening” (deed in Dutch)“Ontbinding van rechtswege door verstrijken termijn en om wettige redenen, Artikel 16” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Vrijwillige ontbinding en vereffening, Artikel 14” (deed in Dutch)