Isolatec
ActiveSummary
Isolatec has been active since 1985 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.1m and a net result of €39,818. Equity remains stable across the filed financial years (±1.3% per year). Its solvency ranks better than 95% of 6,153 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Staff
- 11 FTE
- Equity
- €11.1m
- Profit
- €39,818
- Parent
- SIG BELGIUM HOLDING · 100%
- Markus van der HeijdenDirector
- Lambertus Jan de RuDirector
- Robert BroeckmansDirector
Why 88raises riskSize: turnover €7.1m, 11 FTE, total assets €11.6mLiquidity: current ratio 24.89, cash €401,371lowers riskFounded in 1985Equity €11.1m (96.0% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 46, small): better than 92% on solvency, 72% on liquidity, 8% on profitability and 30% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 19 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Back to profitnet €39,818
- Reappointment: EY bedrijfsrevisoren BV (statutory auditor)Power of attorney
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €368,238 in 2025 against €654,394 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 46, Wholesale trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 14,766 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96.2% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,766 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €7.5m | €8.6m | €7.8m | €7.8m | €7.2m | ▼ 7.8% |
| Turnover70 | €8.3m | €7.8m | €7.7m | €7.5m | €8.6m | €7.7m | €7.6m | €7.1m | ▼ 6.4% |
| Other operating income74 | - | - | - | €0.003m | €0.003m | €0.2m | €0.2m | €0.04m | ▼ 73.6% |
| Operating charges60/66A | - | - | - | €7.2m | €8.9m | €8.4m | €8.4m | €7.5m | ▼ 10.6% |
| Goods for resale, raw materials and consumables60 | - | - | - | €5.2m | €6.3m | €5.6m | €5.7m | €5.4m | ▼ 6.1% |
| Purchases600/8 | - | - | - | €5.2m | €6.5m | €5.5m | €5.6m | €5.4m | ▼ 3.2% |
| Change in stocks: decrease (increase)609 | - | - | - | -€0.02m | -€0.2m | €0.1m | €0.1m | -€0.06m | - |
| Services and other goods61 | - | - | - | €1.1m | €1.2m | €1.4m | €1.3m | €1.2m | ▼ 5.9% |
| Remuneration, social security and pensions62 | - | - | - | €0.9m | €1.1m | €1.2m | €1.2m | €0.9m | ▼ 24.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €0.07m | €0.04m | €0.008m | €0.006m | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 10.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0.005m | €0.4m | €0.03m | €0.09m | -€0.01m | - |
| Other operating charges640/8 | - | - | - | €0.01m | €0.01m | €0.008m | €0.04m | €0.02m | ▼ 55.9% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.05m | - | - |
| Operating profit (loss)9901 | €0.9m | €0.8m | €0.7m | €0.3m | -€0.3m | -€0.5m | -€0.7m | -€0.4m | ▲ 43.7% |
| Financial income75/76B | - | - | - | €0.2m | €0.3m | €0.5m | €0.6m | €0.5m | ▼ 19.6% |
| Recurring financial income75 | €0.3m | €0.3m | €0.3m | €0.2m | €0.3m | €0.5m | €0.6m | €0.5m | ▼ 19.6% |
| Income from current assets751 | - | - | - | €0.08m | €0.1m | €0.3m | €0.4m | €0.3m | ▼ 27.9% |
| Other financial income752/9 | - | - | - | €0.1m | €0.2m | €0.2m | €0.1m | €0.2m | ▲ 4.1% |
| Financial charges65/66B | - | - | - | €0.04m | €0.05m | €0.05m | €0.03m | €0.05m | ▲ 36.7% |
| Recurring financial charges65 | €0.1m | €0.06m | €0.05m | €0.04m | €0.05m | €0.05m | €0.03m | €0.05m | ▲ 36.7% |
| Debt charges650 | €0.06m | - | - | - | - | €34 | - | - | - |
| Other financial charges652/9 | - | - | - | €0.04m | €0.05m | €0.05m | €0.03m | €0.05m | ▲ 36.7% |
| Profit (loss) for the period before taxes9903 | €1.1m | €1.0m | €0.9m | €0.5m | -€0.03m | -€0.08m | -€0.1m | €0.04m | - |
| Income taxes67/77 | €0.3m | €0.4m | €0.2m | €0.1m | €0.002m | €0.006m | €0.002m | €0.002m | ▼ 6.4% |
| Taxes670/3 | - | - | - | €0.1m | €0.002m | €0.006m | €0.002m | €0.002m | ▼ 6.4% |
| Profit (loss) for the period9904 | €0.8m | €0.6m | €0.6m | €0.3m | -€0.04m | -€0.08m | -€0.1m | €0.04m | - |
| Profit (loss) for the period to be appropriated9905 | €0.8m | €0.6m | €0.6m | €0.3m | -€0.04m | -€0.08m | -€0.1m | €0.04m | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €11.2m | €12.0m | €12.5m | €12.7m | €12.6m | €11.9m | €11.7m | €11.6m | ▼ 1.2% |
| Fixed assets21/28 | €0.06m | €0.02m | €0.01m | €0.02m | €0.04m | €0.07m | €0.06m | €0.04m | ▼ 24.1% |
| Tangible fixed assets22/27 | €0.06m | €0.02m | €0.01m | €0.02m | €0.04m | €0.07m | €0.06m | €0.04m | ▼ 24.1% |
| Plant, machinery and equipment23 | - | - | - | €0.01m | €0.02m | €0.05m | €0.04m | €0.03m | ▼ 22.3% |
| Furniture and vehicles24 | - | - | - | €0.003m | €0.02m | €0.02m | €0.02m | €0.01m | ▼ 27.8% |
| Assets under construction and advance payments27 | - | - | - | - | €0.001m | €0 | - | - | - |
| Financial fixed assets28 | €0.001m | - | - | - | €0.001m | €0 | - | - | - |
| Other financial fixed assets284/8 | - | - | - | - | €0.001m | €0 | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | - | - | €0.001m | €0 | - | - | - |
| Current assets29/58 | €11.2m | €11.9m | €12.5m | €12.7m | €12.6m | €11.8m | €11.7m | €11.5m | ▼ 1.1% |
| Stocks and contracts in progress3 | €0.5m | €0.4m | €0.6m | €0.6m | €0.8m | €0.7m | €0.6m | €0.7m | ▲ 13.9% |
| Stocks30/36 | - | - | - | €0.6m | €0.8m | €0.7m | €0.6m | €0.7m | ▲ 13.9% |
| Goods purchased for resale34 | - | - | - | €0.6m | €0.8m | €0.7m | €0.6m | €0.7m | ▲ 13.9% |
| Amounts receivable within one year40/41 | €9.1m | €11.1m | €10.9m | €11.3m | €11.0m | €10.7m | €10.7m | €10.5m | ▼ 2.2% |
| Trade receivables40 | - | - | - | €2.1m | €1.9m | €1.7m | €1.7m | €1.5m | ▼ 10.1% |
| Other amounts receivable41 | - | - | - | €9.2m | €9.1m | €9.0m | €9.0m | €8.9m | ▼ 0.7% |
| Cash at bank and in hand54/58 | €1.5m | €0.4m | €1.0m | €0.9m | €0.7m | €0.4m | €0.4m | €0.4m | ▲ 8.9% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0 | €0.03m | €0.01m | €0.009m | ▼ 37.6% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €11.2m | €12.0m | €12.5m | €12.7m | €12.6m | €11.9m | €11.7m | €11.6m | ▼ 1.2% |
| Equity10/15 | €9.7m | €10.3m | €11.0m | €11.3m | €11.3m | €11.2m | €11.1m | €11.1m | ▲ 0.4% |
| Contributions10/11 | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | €0.02m | = |
| Reserves13 | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Distributable reserves133 | - | - | - | €0.7m | €0.7m | €0.7m | €0.7m | €0.7m | = |
| Profit (loss) carried forward14 | €9.0m | €9.7m | €10.3m | €10.6m | €10.6m | €10.5m | €10.4m | €10.4m | ▲ 0.4% |
| Amounts payable17/49 | €1.5m | €1.6m | €1.5m | €1.4m | €1.3m | €0.7m | €0.6m | €0.5m | ▼ 28.1% |
| Amounts payable within one year42/48 | €1.5m | €1.6m | €1.5m | €1.4m | €1.3m | €0.7m | €0.6m | €0.5m | ▼ 28.1% |
| Trade debts44 | €0.4m | €0.5m | €0.5m | €0.5m | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 4.2% |
| Suppliers440/4 | - | - | - | €0.5m | €0.6m | €0.5m | €0.4m | €0.3m | ▼ 4.2% |
| Taxes, remuneration and social security45 | - | - | - | €0.6m | €0.3m | €0.2m | €0.3m | €0.1m | ▼ 58.7% |
| Taxes450/3 | - | - | - | €0.5m | €0.2m | €0.07m | €0.09m | €0.03m | ▼ 70.8% |
| Remuneration and social security454/9 | - | - | - | €0.1m | €0.1m | €0.2m | €0.2m | €0.09m | ▼ 52.5% |
| Other amounts payable47/48 | - | - | - | €0.3m | €0.4m | €0.007m | €0.01m | €0.005m | ▼ 49.5% |
| Accrued charges and deferred income492/3 | - | - | - | €0.001m | €0 | €0.002m | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.8m | €0.6m | €0.6m | €0.3m | -€0.04m | -€0.08m | -€0.1m | €0.04m | - |
| + Depreciation and write-downs630 | €0.07m | €0.04m | €0.008m | €0.006m | €0.01m | €0.02m | €0.02m | €0.02m | ▲ 10.7% |
| Operating cash flow (approximation) | €0.8m | €0.7m | €0.6m | €0.4m | -€0.02m | -€0.07m | -€0.1m | €0.06m | - |
| Investment in fixed assets (approximation) | - | -€0.004m | -€0.004m | -€0.009m | -€0.04m | -€0.04m | -€0.009m | -€0.006m | ▲ 35.0% |
| Change in cash | - | -€1.1m | €0.6m | -€0.2m | -€0.1m | -€0.3m | -€0.06m | €0.03m | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 41 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 03-07-2026 | 2026-00246727 |
| 31-12-2024 | full format | 04-07-2025 | 2025-00239401 |
| 31-12-2023 | full format | 16-09-2024 | 2024-00463758 |
| 31-12-2022 | full format | 18-09-2023 | 2023-00447808 |
| 31-12-2021 | full format | 13-09-2022 | 2022-20428999 |
| 31-12-2020 | full format | 06-08-2021 | 2021-47100563 |
| 31-12-2019 | full format | 11-09-2020 | 2020-53000280 |
| 31-12-2018 | full format | 30-08-2019 | 2019-57500449 |
| 31-12-2017 | full format | 14-06-2018 | 2018-18800017 |
| 31-12-2016 | full format | 15-06-2017 | 2017-18600518 |
Similar companies · same sector, comparable size
Subsidies and aid
Flemish government
2022 · 1 entry · €852 awarded · €852 paidPublic contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 3
Statutory auditor 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Statutory auditor
- began earlier
| Name | Functions and periods |
|---|---|
| Markus van der Heijden |
|
| Lambertus Jan de Ru |
|
| Robert Broeckmans |
|
| EY Bedrijfsrevisoren BV |
|
| Mark van der Heijden |
|
| Johannes Cornelis Antonius Maria Verhoeven |
|
| Louis Johan Maria van Wijck |
|
| Eduardus Janssen |
|
Owners and capital
Owners
2 ownersChain of control
- SIG plcGB
- SIG European Investments LimitedGB
- SIG BELGIUM HOLDING
- Isolatec
Highest known parent: SIG plc (United Kingdom). The sources do not say who stands above it.
Owners 2
-
100%
- SIG plcGBconsolidating parentconsolidates
According to the 2025 annual accounts of Isolatec and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 10-10-2024 Converted to unavailable equity
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
02-09
Gazette deed
Reappointment: EY bedrijfsrevisoren BV (statutory auditor)Power of attorney5 facts ▸
- General meeting, 13-09-2024
- Auditor reappointment, EY bedrijfsrevisoren BV (statutory auditor)
- Power of attorney, Niels Van den Heuvel
- Power of attorney, Romy Verbrugghe
- Power of attorney, Arne Anné
10-10
Gazette deed
Amendment of the articles · Legal-form changeCapital conversion · Reserve release3 facts ▸
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, middelen beschikbaar voor uitkering” (deed in Dutch)
22-03
Gazette deed
Resignation: Mark van der Heijden (director)Appointment: Robert Broeckmans (director) · Director discharge4 facts ▸
- General meeting, 15-01-2024
- Director resignation, Mark van der Heijden (director)
- Director discharge, Mark van der Heijden (director)
- Director appointment, Robert Broeckmans (director)
17-01
Gazette deed
Resignation: Johannes Cornelis Antonius Maria Verhoeven (director)Appointment: Lambertus Jan de Ru (director) · Director discharge4 facts ▸
- General meeting, 2023-12
- Director resignation, Johannes Cornelis Antonius Maria Verhoeven (director)
- Director discharge, Johannes Cornelis Antonius Maria Verhoeven (director)
- Director appointment, Lambertus Jan de Ru (director)
13-07
Gazette deed
Resignation: Louis Johan Maria van Wijck (director)Appointment: Johannes Cornelis Antonius Maria Verhoeven (director) · Director discharge4 facts ▸
- General meeting, 12-06-2023
- Director resignation, Louis Johan Maria van Wijck (director)
- Director discharge, Louis Johan Maria van Wijck
- Director appointment, Johannes Cornelis Antonius Maria Verhoeven (director)
21-04
Gazette deed
Resignation: Eduardus Janssen (director)Appointment: Markus van der Heijden (director) · Director discharge4 facts ▸
- General meeting, 29-03-2023
- Director resignation, Eduardus Janssen (director)
- Director discharge, Eduardus Janssen
- Director appointment, Markus van der Heijden (director)
Show earlier events
About the unread acts
Of the 12 Belgian Official Gazette deeds we know for this company, 6 have been read. The other 6 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0426.926.890
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71323C0310/00B008 | Flanders | 2,937 m² | 1 · 1,996 m² | 11.0 m · 3 |
| 71323C0310/00K006 | Flanders | 1,782 m² | 1 · 84 m² | 13.1 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De verkoop in groot- en klein van alle isolatie,akoestische- warmte-isolatie,koude,koeling,condens,pijpleidingen en kanalisatie –metalen…” (deed in Dutch)
11 activities (deed in Dutch)
- De verkoop in groot- en klein van alle isolatie,akoestische- warmte-isolatie,koude,koeling,condens,pijpleidingen en kanalisatie –metalen bruggen en van alle aanverwante artikelen en idem voor bouwisolatie en toebehoren,vakisolatie,technische isolatie,bouwisolatie,technische materialen zoals verwarmingsketels,koelmateriaal,
- Verkoop en plaatsing van alle metalen- houten- en kunststoffen schrijnwerk,
- Verkoop en plaatsing van isolerende dakbedekking
- Plaatsing van akoestische,koude- en warmte-isolatie,evenals plaatsing van pijpleidingen en kanalisatie
- Leveren en plaatsen van metalen schrijnwerk en schrijnwerk in kunststof en hout
- Plaatsen vbn houten vensterluiken en luiken in kunststof.
- Het leggen van parketvloeren en alle houten bekledingen van vloeren,muren en plafonds.
- Plaatsen van schutsels en valse zolderingen in hout.
- Plaatsen van verwarming met warme lucht,airconditioning,luchtbehandeling en klimatisatie.
- Plaatsen van industriële leidingen,pijpleidingen,metalen constructies en vakwerk,alsmede aan- en verkoop van bouwmaterialen.
- Met inbegrip van de aan- en verkoop van alle aanverwante artikelen.
- Name clauseThe name the company operates under according to its articles.
- Isolatec
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)“Scheepvaartkaai 5,3500 Hasselt” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Beëindiging: De niet-statutaire bestuurders zijn enkel herroepbaar bij besluit van de algemene vergadering zonder dat hun herroeping recht…”“2. Indien de vennootschap door meer dan één (1) bestuurder wordt bestuurd, en behoudens inrichting door de algemene vergadering van een…”
Full text
2. Indien de vennootschap door meer dan één (1) bestuurder wordt bestuurd, en behoudens inrichting door de algemene vergadering van een collegiaal bestuursorgaan (dit college vormt een raad van bestuur), mag iedere bestuurder, alleen optredend, alle handelingen stellen die nodig of nuttig zijn voor de verwezenlijking van het voorwerp van de vennootschap, behalve deze die de wet of de statuten aan de algemene vergadering voorbehouden. Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder.
“3. Indien door de vennootschap een raad van bestuur wordt geïnstalleerd dan vertegenwoordigt het collegiaal bestuursorgaan de vennootschap…”Full text
3. Indien door de vennootschap een raad van bestuur wordt geïnstalleerd dan vertegenwoordigt het collegiaal bestuursorgaan de vennootschap jegens derden en in rechte als eiser of als verweerder. Het collegiaal bestuursorgaan kan bijzondere machten toekennen aan elke mandataris. Indien de vennootschap wordt bestuurd door meerdere bestuurders die een college vormen, zullen de notulen van de vergadering van het collegiaal bestuursorgaan worden ondertekend door de bestuurders met vertegenwoordigingsbevoegdheid. Alle besluiten van het collegiaal bestuursorgaan kunnen bij eenparig schriftelijk akkoord van alle bestuurders worden genomen.
“Onverminderd de algemene vertegenwoordigingsmacht van het bestuursorgaan als college, zijn alle akten die de vennootschap verbinden, in en…”Full text
Onverminderd de algemene vertegenwoordigingsmacht van het bestuursorgaan als college, zijn alle akten die de vennootschap verbinden, in en buiten rechte, geldig wanneer zij ondertekend worden door twee bestuurders die gezamenlijk optreden of een gedelegeerd bestuurder alleen handelend. Zij moeten tegenover derden geen bewijs leveren van hun machten. Coöptatie
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde termijn, Bestuursorgaan” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of June at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Vereffenaar, ontbinding om welke reden en op welk ogenblik ook” (deed in Dutch)