HEATSAIL
ActiveSummary
The computed 12-month bankruptcy probability of HEATSAIL is 2.5% (moderate). The annual accounts of HEATSAIL for financial year 2025 show a net loss of 91% of the equity at the start of that year. The 2025 annual accounts show equity of €1.1m and a net result of -€1.4m. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 25% of 124 sector peers (NACE 27, financial year 2025). The company has been active since 2012 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.
- HEATSAIL
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Raad van bestuur, overblijvende bestuurders mogen voorlopig voorzien;eerstvolgende algemene vergadering beslist definitief;tenzij anders…” (deed in Dutch)“Schriftelijk per gewone brief of e-mail aan ander lid;houder kan meerdere volmachten hebben;stem geldt als stem van vertegenwoordigde…” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Voor elke categorie effecten op naam een register op de zetel,ook elektronisch mits wettelijke voorwaarden, titularis kan op elk ogenblik…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 12:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Besluit algemene vergadering in vorm en wijze zoals voorzien voor wijziging statuten, op elk ogenblik” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Algemene vergadering bepaalt wijze overeenkomstig wettelijke bepalingen, netto actief verdeeld onder alle aandeelhouders naar verhouding…” (deed in Dutch)