GERNEL

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.

GERNEL

Registered office clauseThe region of the registered office; it decides among other things the language of official documents.

“Région wallonne, établir ou supprimer des sièges administratifs, agences, ateliers, dépôts et succursales tant en Belgique qu’à l’étranger…” (deed in French)

deed of 08-11-2022

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.

“Article 14 - Représentation de la société Tous les actes qui engagent la société, en justice et dans tous les actes, sont valables s’ils…”

Board ruleHow the board is made up, meets and takes decisions.

“Moitié au moins présents ou représentés, 11” (deed in French)

Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.

One provision in the deed

deed of 08-11-2022

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.

“10” (deed in French)

deed of 08-11-2022

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.

Second Thursday of June at 11:00

deed of 08-11-2022

Oversight and winding up

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.

“Organe d'administrateur en fonction comme collège de liquidateurs, assemblée générale” (deed in French)

1 more provision on this in the deed

deed of 08-11-2022

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Description prévue dans le projet de scission, partie au profit de CMHC,partie au profit de JMHC et solde au profit de EMHC” (deed in French)

Other provision: “Exonération fiscale déduction RDT 100% de la plus-value, plus-value de scission/absorption” (deed in French)

Other provision: “Pouvoirs d'exécution, Titre B” (deed in French)

4 more provisions in the deed, see the deed of 21-08-2024

deed of 21-08-2024

1 more provision in the deed, see the deed of 08-11-2022