GLMS
ActiveSummary
GLMS has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €42,361 and a net result of €26,973. Its solvency ranks better than 62% of 8,543 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Articles of association
What the company does
- Name clauseThe name the company operates under according to its articles.
- GLMS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, 9830 Sint-Martens-Latem, Twee Dreven 55” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone“4. Wanneer de vennootschap optreedt als bestuurder/zaakvoerder van andere vennootschappen, wordt de vennootschap enkel rechtsgeldig…”
Full text
4. Wanneer de vennootschap optreedt als bestuurder/zaakvoerder van andere vennootschappen, wordt de vennootschap enkel rechtsgeldig vertegenwoordigd door de vaste vertegenwoordiger.
- Board ruleHow the board is made up, meets and takes decisions.
- “Plaats in oproepingsbrief, bij gebrek aanwijzing op zetel, bijeenroeping collegiaal bestuursorgaan” (deed in Dutch)“Besluitvorming collegiaal bestuursorgaan, alle bestuurders aanwezig of vertegenwoordigd” (deed in Dutch)5 more provisions on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Gelijk recht in winstverdeling en vereffeningsaldo, 80” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of December at 18:00
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.
- “Kan op elk moment worden ontbonden door beslissing algemene vergadering in vormen vereist voor statutenwijziging, ontbinding en sluiting…” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bevoegd voor alle handelingen nodig of dienstig voor vereffening; indien meerdere, kan elke vereffenaar afzonderlijk handelend alle…” (deed in Dutch)