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KAYA CONSTRUCT

Active
Private limited companyfounded 2024active for 2 yearsBruul 134, 2800 Mechelen, BelgiumKBO/BCE: BE 1010.737.822
Summary

The computed 12-month bankruptcy probability of KAYA CONSTRUCT is 4.2% (elevated). The 2025 annual accounts show equity of €5,527 and a net result of €3,527. Its solvency ranks better than 14% of 34,678 sector peers (NACE 43, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Other specialised construction activities
NACE 43990Full-service restaurants NACE 56111
1 site
Size
€58,756total assets 2025
Equity
€5,527
Profit
€3,527
Turnover not published (micro format)
Financial health
46 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
4.2%
Structure
Accounts filed 60 days late
Why 46raises riskFounded in 2024Latest accounts 60 days late; 1 of the last 3 late1 change of registered office in 24 monthslowers riskFigures for financial year 2025 (filed 29-09-2026)Show the evidence

Checked score

Score 2025
46 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 16% of its sector peers (NACE 43, micro)
Financial strength
Weak
Solvency 34
equity 9.4% of total assets
Liquidity 18
short-term debt 90.6% · cash 14.1%
Profitability 53
return on assets 6.0%
Bankruptcy probability, 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,613 companies, NACE 43, micro)
Last 24 months 07-2025: 1.9%lowest value 08-2025: 3.8%▲ +1.9 percentage points vs 07-2025 09-2025: 4.0%▲ +0.2 percentage points vs 08-2025 10-2025: 4.3%▲ +0.3 percentage points vs 09-2025 11-2025: 4.5%▲ +0.2 percentage points vs 10-2025 12-2025: 5.0%▲ +0.5 percentage points vs 11-2025 01-2026: 5.0%● unchanged vs 12-2025 02-2026: 5.2%▲ +0.2 percentage points vs 01-2026 03-2026: 5.3%▲ +0.1 percentage points vs 02-2026 04-2026: 5.1%▼ -0.2 percentage points vs 03-2026 05-2026: 5.5%▲ +0.4 percentage points vs 04-2026 06-2026: 5.6%▲ +0.1 percentage points vs 05-2026highest value 07-2026: 5.6%● unchanged vs 06-2026highest value 08-2026: 5.6%● unchanged vs 07-2026highest value 09-2026: 5.6%● unchanged vs 08-2026highest value 10-2026: 4.2%▼ -1.4 percentage points vs 09-2026
No publishable credit limit; credit only on tighter terms
Liquidity tight (current ratio 1.1, below the usual 1.5; short-term debt: 90.6% and cash: 14.1% of total assets), and 90.6% of the assets are financed with debt and provisions.
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 43, micro): better than 14% on solvency, 10% on liquidity and 25% on profitability.

The bankruptcy probability was computed on 23-10-2026 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).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises riskneutral
raises risk · Founded in 2024
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Latest accounts 60 days late; 1 of the last 3 late
NBB · filings
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Figures for financial year 2025 (filed 29-09-2026)
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 34678 sector peers (2025).
NBB · sector comparison
Position among 34678 sector peers
Solvency
better than 14%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-09-2026, 60 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filing
Deviation from the deadline
2025
60 days late
← before the deadline after the deadline →
Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2024.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. Resignation: Mutlu Yasar (director)Appointment: Türküz Cetin (director) ·…
  3. Resignation: Ekber Yasar (director)Appointments: Türküz Cetin (director) and…

Financials · financial year 2025, micro format

2025 annual accounts filed late (60 days) Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00543276.

Equity
€5,527
Total assets
€58,756
Net result
€3,527
Working capital
€5,527

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Equity and liabilities €58,756
Equity €5,527
Debt €53,230
Debt finances 90.6% of the balance-sheet total.
Key figures and ratios
2025 value
Current ratio
1.10
Debt to equity
9.63
ROE
63.8%
ROA
6.0%
Debt ≤ 1 year
€53,230

Peer companies

Historical observation

Of the 2,157 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 94.1% are still going.

  • Micro
  • 2 to 5 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
3.0% went bankrupt
2.8% stopped otherwise
94.1% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 4.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,473 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.0%
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 2,157 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 22 lines
Balance sheet Code2025
Assets
Total assets20/58€58,756
Current assets29/58€58,756
Amounts receivable within one year40/41€50,465
Trade receivables40€42,706
Other amounts receivable41€7,759
Cash at bank and in hand54/58€8,291
Equity and liabilities
Total equity and liabilities10/49€58,756
Equity10/15€5,527
Contributions10/11€2,000
Profit (loss) carried forward14€3,527
Amounts payable17/49€53,230
Amounts payable within one year42/48€53,230
Trade debts44€49,256
Suppliers440/4€49,256
Taxes, remuneration and social security45€3,973
Taxes450/3€3,973
Income statement Code2025
Gross operating margin9900€3,527
Operating profit (loss)9901€3,527
Profit (loss) for the period before taxes9903€3,527
Profit (loss) for the period9904€3,527
Profit (loss) for the period to be appropriated9905€3,527
Appropriation of the result
Profit (loss) to be appropriated9906€3,527

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Gross operating margin9900€3,527
Operating profit (loss)9901€3,527
Profit (loss) for the period before taxes9903€3,527
Profit (loss) for the period9904€3,527
Profit (loss) for the period to be appropriated9905€3,527
Line2025
Assets
Total assets20/58€58,756
Current assets29/58€58,756
Amounts receivable within one year40/41€50,465
Trade receivables40€42,706
Other amounts receivable41€7,759
Cash at bank and in hand54/58€8,291
Equity and liabilities
Total equity and liabilities10/49€58,756
Equity10/15€5,527
Contributions10/11€2,000
Profit (loss) carried forward14€3,527
Amounts payable17/49€53,230
Amounts payable within one year42/48€53,230
Trade debts44€49,256
Suppliers440/4€49,256
Taxes, remuneration and social security45€3,973
Taxes450/3€3,973
Line2025
Profit (loss) for the period9904€3,527
Operating cash flow (approximation)€3,527

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 29-09-2026 2026-00543276

Similar companies · same sector, comparable size

Of the 15,150 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,367. 2,892 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, no change since 2026
Mutlu Yasar
Director · since 06-05-2026
Current
Türküz Cetin
Director · since 06-05-2026
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

4 people since 2024, 2 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Mutlu Yasar
  • Director, since before 06-05-2026
Türküz Cetin
  • Director, from 06-05-2026 to date
Ekber Yasar
  • Director, from 23-03-2026 to 06-05-2026
Kaya Sabahattin
  • Director, from 27-06-2024 to 23-03-2026
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds
Stated in the act act of 06-05-2026 ↗
At incorporation act of 27-06-2024 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 27-06-2024 Incorporation · €2,000
  2. 27-06-2024 Incorporation · 100 shares

Group and network

Connections & network

2 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

KAYA CONSTRUCT was incorporated on 25 June 2024 as a private limited company by one natural person, with a starting capital of €2,000.12 The registered office was moved to Mechelen-Brual in 2025.3 The board currently has 2 members; 2 of them have served since 2026.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 27-06-2024
  3. 3Belgian Official Gazette, 07-07-2025
  4. 4Belgian Official Gazette, 06-05-2026

Acts, filings and financial milestones

2026
29-09
NBB filing Annual accounts filed
financial year 2025 · micro format · 60 days late
06-05
Gazette deed Resignation: Mutlu Yasar (director)
Appointment: Türküz Cetin (director) · Share transfer · Shareholding5 facts ▸
  • Share transfer, Mutlu Yasar → Türküz Cetin
  • General meeting, 18-04-2026
  • Shareholding, 100%
  • Director resignation, Mutlu Yasar (director)
  • Director appointment, Türküz Cetin (director)
06-05
Gazette deed Resignation: Ekber Yasar (director)
Appointments: Türküz Cetin (director) and Yasar Mutlu (director) · Share transfer7 facts ▸
  • Share transfer, Ekber Yasar → Yasar Mutlu
  • Share transfer, Ekber Yasar → Türküz Cetin
  • Director resignation, Ekber Yasar (director)
  • Director appointment, Türküz Cetin (director)
  • Director appointment, Yasar Mutlu (director)
  • Other provision, “ondertekening, aandeelhouders” (deed in Dutch)
  • General meeting, 09-04-2026
23-03
Gazette deed Resignation: Kaya Sabahattin (director)
Appointment: Ekber Yasar (director) · Share transfer4 facts ▸
  • Share transfer, Kaya Sabahattin → Ekber Yasar
  • Director resignation, Kaya Sabahattin (director)
  • Director appointment, Ekber Yasar (director)
  • General meeting, “buitengewone algemene vergadering, zetel van de vennootschap” (deed in Dutch)
2025
07-07
Gazette deed Registered office
Registered-office move2 facts ▸
  • General meeting, 12-06-2025
  • Registered-office move, 2800 MECHELEN-BRUAL134
2024
27-06
Gazette deed Incorporation
Appointment: KAYA,Sabahattin (director) · Founding capital · Board rule8 facts ▸
  • Incorporation, “KAYA CONSTRUCT” (deed in Dutch)
  • Founding capital, €2,000
  • Founding capital
  • Board rule, 1
  • Director appointment, KAYA,Sabahattin (director)
  • Other provision, “UBO-register, toereikende,accurate en actuele informatie over uiteindelijke begunstigde(n)” (deed in Dutch)
  • Other provision, “voorafgaande toelatingen of vergunningen, comparant erkent gewezen dat vennootschap in uitvoering voorwerp kan verplicht zijn toelatingen of vergunningen te bek…” (deed in Dutch)
  • Founder, KAYA,Sabahattin
Gazette deedNBB filing
5 of 5 deeds read

Register details

Identification
Legal formPrivate limited company
Founded25-06-2024
Financial year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
56111Full-service restaurants
43350Other building finishing work
56112Limited-service restaurants, excluding mobile food services
E-invoicing
Reachable via Peppol
Peppol ID 0208:1010737822
Also 9925:BE1010737822
Registered 13-07-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 24 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 1010.737.822

Recognitions · licences · registrations

Food safety, FASFC

1 site
Mechelenunit no. 2.360.989.304
1 permission
Authorisation · Eetgelegenheid · since 30-07-2025

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Mechelen · 1 establishment unit since 2024
registered office establishment The establishment unit on the map
Ground area
68 m²
Building footprint
46 m²
Building volume
619 m³
Parcel 12025D0311/00C000, Flanders · tallest building 14.1 m. Linked by address, not a title deed.
1 establishment unit
Bruul 134, 2800 Mechelen
Other specialised construction activities
since 2024unit no. 2.360.989.304
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
12025D0311/00C000 Flanders 68 m² 1 · 46 m² 14.1 m · 4
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Handel en detailhandel in keukenkasten,meubelen,alle soorten kasten,bedden,slaapkamermeubels,slaapkameraccessoires en aan slaapkamermeubels…” (deed in Dutch)
33 activities (deed in Dutch)
  1. Handel en detailhandel in keukenkasten,meubelen,alle soorten kasten,bedden,slaapkamermeubels,slaapkameraccessoires en aan slaapkamermeubels gerelateerde producten in de breedste zin van het woord
  2. Algemeen bouwwerken,bouwnijverheid,slopen van gebouwen;het bouwrijp maken van terreinen,grondverzet,het slopen van gebouwen en andere bouwwerken,het ruimen van bouwterreinen,het grondverzet:graven,ophogen,egaliseren en nivelleren van bouwterreinen,graven van sleuven en geulen,verwijderen van rotsen,grondverzet met behulp van explosieven,algemene bouwkundige en civieltechnische werken,bouwen van individuele huizen,het optrekken van de ruwbouw van individuele huizen,de bouw van individuele huizen volgens de formule “sleutel op de deur”,optrekken van andere residentiële gebouwen en van kantoorgebouwen,het optrekken van de ruwbouw van gebouwen met celstructuur:appartementsgebouwen,kantoorgebouwen,de bouw van appartementen volgens de formule “sleutel op de deur”,het optrekken van de ruwbouw van gebouwen voor industrieel of commercieel gebruik,van stel- en stapelplaatsen,scholen,ziekenhuizen,van gebouwen voor de beoefening van erediensten,cultuur,sport;onderneming voor het bouwen van funderingen inclusief heien,voor het uitvoeren van metselwerk,voor het bouwen van open haarden,stookplaatsen,sierschouwen,voor het uitvoeren van voegwerken,voor het bouwen van koelkamers en kluizen,voor het zandstralen
  3. Bouwinstallatie,elektrische installatie,onderneming voor de installatie van elektrische verwarmingsinstallaties,onderneming voor de installatie van bewakingssystemen en alarminstallaties tegen diefstal,isolatiewerkzaamheden,het aanbrengen in gebouwen en andere bouwwerken van thermische isolatiemateriaal,isolatiewerkzaamheden aan verwarmingsleidingen en leidingen van koelsystemen,loodgieterswerk,installatie van verwarming,klimaatregeling en ventilatie,overig loodgieterswerk;de installatie van stores en zonneschermen,het plaatsen van tussenwanden van gipsplaten,schrijnwerk van hout of kunststof,de montage van buiten- en binnenschrijnwerk van hout of kunststof:deuren,vensters,kozijnen,trappen,muurkasten,inbouwkeukens en winkelinrichtingen,de installatie van al dan niet verplaatsbare tussenwanden,de bekleding van wanden en plafonds in hout of kunststof,de installatie van garagepoorten,luiken,zonneblinden,traliewerk en hekken,in hout of kunststof,vloerafwerking en wandbekleding,plaatsen van vloer- en wandtegels,plaatsen van vloerbedekking van hout of andere materialen,plaatsing van behang,schilderen,het schilderen van het binnen- en buitenwerk van gebouwen,het behandelen van muren met vochtwerende en waterafstotende producten,het schilderen van metalen constructies,overige werkzaamheden in verband met de afwerking van gebouwen,gevelreiniging door middel van zandstralen,met behulp van stoom,het reinigen van nieuwe gebouwen na beëindigen van de bouwwerkzaamheden,verhuur van machines voor de bouwnijverheid met bedieningspersoneel,onderneming voor het aanbrengen van chape,bouw:algemene bouw,tegels zetten,bezetten,metsen,volledige sanitair,wegen van schouw,bouwen van volledig dak,afbraak van gebouwen in ruime zin,maken en aanmerkelijk van betonnen putten of andere;schoonmaak,industriële schoonmaak,inpakken en verpakken van alle soorten goederen voor eigen rekening of in onderaanneming of in opdracht
  4. Bouw van water- en gasdistributienetwerken,bouw van rioleringen,aanleg van waterdistributienetten en rioleringen,aanleg van pijpleidingen voor het vervoer van gas en petroleumproducten,bouw van civieltechnische werken voor elektriciteit en telecommunicatie,aanleg van telecommunicatielijnen en -netten,bouwrijp maken van terreinen,grondverzet:graven,ophogen,egaliseren en nivelleren van bouwterreinen,graven van sleuven geulen,verwijderen van rotsen,grondverzet met behulp van explosieven,proefboren en boren,proefboren en het nemen van bodemmonsters ten behoeve van de bouw of voor geofysische,geologische of andere doeleinden,uitvoeren van horizontale boringen voor het leggen van kabels en kanalisaties
  5. In- en uitvoer in ruime zin,handelsbemiddeling,import en export,groot- en kleinhandel in loodgietersmaterialen,elektrische installaties voor huishoudelijk gebruik en verwarmingsinstallaties,zonnepanelen en alle benodigdheden en wisselstukken van zonnepanelen;installeren,plaatsen,onderhoud en herstellingen van zonnepanelen,de kleinhandel van accessoires,wisselstukken of alle producten betrekking hebbende op zonnepanelen
  6. Transportdienst zowel nationaal als internationaal;het vervoer van goederen;vervoer van documenten,pakjes,pakketten,stukken,onderdelen,allerhande voorwerpen en dit van alle mogelijke transportmiddelen
  7. Distributie van folders
  8. Zij treedt op als tussenpersoon in de handel,aankoop en verkoop,import en export,groot- en detailhandel,verhuur en leasing,onderhoud en reparatie van tractoren,aanhangwagens,auto's,vrachtwagens en bestelwagens
  9. Vervoer van zaken en goederen over land,water en door de lucht met alle mogelijke vervoermiddelen
  10. Post en mail services
  11. Transport in de ruimste zin van het woord
  12. Het verrichten van onderhoudswerken en herstellingen aan voertuigen
  13. Verrichten van verzending in al zijn aspecten met inbegrip van rederij-agentuur,expeditie,douane-agentuur,stowery,goederenbehandeling,alsook verhuizen van inboedels
  14. Verhuisbedrijf,verhuur van verhuis en meubelmaterialen,vervoer van goederen voor derden nationaal en internationaal,verhuur en lease van personenauto’s en lichte vrachtwagens
  15. Uber
  16. Exploitatie van taxi's
  17. Verhuur van personenauto's met chauffeur
  18. Het opnemen van bestuursmandaten in andere vennootschappen
  19. De kleinhandel van accessoires,wisselstukken of alle producten betrekking hebbende op de autohandel
  20. Aankoop en verkoop van alle soorten banden voor alle soorten motorvoertuigen
  21. Aan- en verkoop van wagens,evenals import en export
  22. E-commerce
  23. Groothandel
  24. Import-export
  25. Consulting
  26. Detailhandel in allerlei producten via het internet (e-commerce) en winkels
  27. Alle soorten producten,kleding,textiel en accessoires verkopen in e-commerce en winkels
  28. Het oprichten,kopen en verkopen,en de uitbating van horecazaken in de meest ruime zin van het woord,en het voeren van alle mogelijke activiteiten in verband met de horecasector,zoals ondernemer,de verhuring van feestzalen en andere ruimtes,het organiseren van eetmalen en feesten,de uitbating van café,taverne,tearoom,snackbar,restaurant,dancing,of enig ander etablissement ressorterend onder de horecasector,de aan- en verkoop van alle daarmee verband houdende producten en diensten
  29. Franchising investeringen,exploitatie,consultancy,naamrecht,controle,recht op beëindiging autoriteit in geval van niet-naleving van de wet
  30. Uitbaten van een nachtwinkel,dagbladhandel,slagerij,bakkerij,naaiatelier,café-bar,snackbar,pitabar,frituur,patisserie
  31. Schoonmaak,industriële schoonmaak,inpakken en verpakken van alle soorten goederen,voor eigen rekening of in onder aanneming of in opdracht
  32. E-commerce en/of online,postorderverkoop,deur aan deur verkoop,telemarketing en andere
  33. Tussenpersoon in de handel,aan- en verkoop,import en export,groothandel en kleinhandel,huur en verhuur,herstelling

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
KAYA CONSTRUCT
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Eenvoudige beslissing, alle machten om statutenwijziging authentiek te doen vaststellen” (deed in Dutch)

deed of 27-06-2024

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Bestuursorgaan, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)

deed of 27-06-2024

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Op naam, register van aandelen op naam met WVV-vermeldingen” (deed in Dutch)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Helft overdrager en helft koper(s) naar evenredigheid aantal, bestuursorgaan” (deed in Dutch)
Share issue ruleHow and by whom new shares can be issued.
“Inbreng in geld met nieuwe aandelen-Recht van voorkeur, bestaande aandeelhouders naar evenredigheid” (deed in Dutch)

deed of 27-06-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
First Friday of June

deed of 27-06-2024

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Bevoegdheden omlijnen en vergoeding bepalen, bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)

deed of 27-06-2024

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

Other provision: “Stortingsplicht, wettelijke interest verhoogd met 2% per jaar” (deed in Dutch)
Other provision: “Dagelijks bestuur, handelingen en beslissingen niet verder dan behoeften dagelijks leven alsook minder belang of spoedeisend karakter die…” (deed in Dutch)
Other provision: “Vaste of evenredige vergoeding, vergoeding van de bestuurders” (deed in Dutch)
Other provision: “Toezicht aan één of meerdere commissarissen wanneer door wet vereist en binnen wettelijke grenzen, controle van de vennootschap” (deed in Dutch)
Other provision: “Schriftelijke algemene vergadering, datum door alle aandeelhouders ondertekende besluit geacht statutaire datum jaarvergadering behoudens…” (deed in Dutch)
Other provision: “Elektronische algemene vergadering, door vennootschap ter beschikking gesteld elektronisch communicatiemiddel” (deed in Dutch)
Other provision: “Alle mogelijke voorwaarden en modaliteiten uitwerken, elektronische algemene vergadering” (deed in Dutch)
Other provision: “Toegang tot algemene vergadering, houder van effecten op naam ingeschreven in register van categorie” (deed in Dutch)
Other provision: “Bestuurder,bij gebrek aanwezige aandeelhouder met meeste aandelen,bij pariteit oudste, zittingen-processen-verbaal” (deed in Dutch)
Other provision: “Beraadslagingen algemene vergadering, meerderheid van stemmen ongeacht vertegenwoordigde effecten” (deed in Dutch)
Other provision: “Drie weken, bestuursorgaan” (deed in Dutch)
Other provision: “Bestemming winst-reserves-interimdividenden, algemene vergadering” (deed in Dutch)
Other provision: “Alle mededelingen,aanmaningen,dagvaardingen en betekeningen, woonstkeuze” (deed in Dutch)
Other provision: “Rechtbank in wiens rechtsgebied zetel gevestigd, gerechtelijke bevoegdheid” (deed in Dutch)
Other provision: “Gemeen recht, bepalingen Wetboek van vennootschappen en verenigingen waarvan niet geldig afgeweken geacht ingeschreven” (deed in Dutch)
1 more provision in the deed, see the deed of 27-06-2024

deed of 27-06-2024