Summary
JOTEC has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low). No annual accounts have been filed with the National Bank.
Articles of association
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Door algemene vergadering bepaald, één of meer zaakvoerders” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Aangegeven prijs in oorspronkelijke kennisgeving, overdracht bij leven” (deed in Dutch)“Overdracht bij overlijden, intrinsieke waarde op dag overlijden” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vrijwillige ontbinding, algemene vergadering” (deed in Dutch)“Vereenvoudigde ontbinding en vereffening met onmiddellijke sluiting, algemene vergadering beslist tot ontbinding en sluiting in één akte…” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Gesloten middels besluit algemene vergadering met eenparigheid aanwezige en geldig vertegenwoordigde stemmen, één of meer,al dan niet…” (deed in Dutch)