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KARELCO

Active
Private limited companyfounded 1993active for 32 yearsArmand Maclotlaan 17 a, 3600 Genk, BelgiumKBO/BCE: BE 0451.554.202
Summary

KARELCO has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.8m and a net result of €20,190, of which €46,746 non-recurring income. Equity remains stable across the filed financial years (±1.5% per year). Its solvency ranks better than 95% of 17,093 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

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KARELCOActiveChecked score 96/100
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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.
KARELCO
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaamse Gewest, bij enkel besluit bestuursorgaan administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren vestigen in…” (deed in Dutch)

deed of 20-12-2022

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur, algemene vergadering die bestuurder(s) benoemt” (deed in Dutch)
“Wet of statuten aan algemene vergadering voorbehouden, deel van bevoegdheden” (deed in Dutch)

deed of 20-12-2022

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Op naam, register van aandelen op naam” (deed in Dutch)

deed of 20-12-2022

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Second Tuesday of June at 17:00

deed of 20-12-2022

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

Other provision: “Stortingsplicht, in speciën onderschreven en niet geheel volgestorte aandelen” (deed in Dutch)
Other provision: “Vergoeding van de bestuurders, algemene kosten” (deed in Dutch)
Other provision: “Dagelijks bestuur en vertegenwoordiging wat dat bestuur aangaat, gedelegeerd bestuurder” (deed in Dutch)
Other provision: “Oproepingen algemene vergadering, per e-mail” (deed in Dutch)
Other provision: “Alle besluiten die tot de bevoegdheid van de algemene vergadering behoren, schriftelijke algemene vergadering” (deed in Dutch)
Other provision: “Bestuurder,bij gebrek daaraan aanwezige aandeelhouder met meeste aandelen,bij pariteit oudste…” (deed in Dutch)
Other provision: “Bestuursorgaan, tijdens de zitting” (deed in Dutch)
Other provision: “Bestemming van de winst-reserves, algemene vergadering” (deed in Dutch)
Liquidation distribution: “Goederen nog in natura voorhanden op zelfde wijze verdeeld, na aanzuivering van alle schulden,lasten en kosten van vereffening of…” (deed in Dutch)
4 more provisions in the deed, see the deed of 20-12-2022

deed of 20-12-2022

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