Summary
The computed 12-month bankruptcy probability of KB WORKS is 1.8% (moderate). The company has been active since 2017 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags). No annual accounts have been filed with the National Bank.
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.
- KB WORKS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, kan zowel in België als in buitenland bestuurs-en uitbatingszetels,agentschappen en bijhuizen,bureaus en stapelhuizen…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Zaakvoerder, 1” (deed in Dutch)“Duur en ontslag zaakvoerder, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdracht door overlijden,vereffening of faillissement, andersluidende of meer specifieke bepalingen in door alle vennoten aanvaarde…” (deed in Dutch)“Overdracht onder levenden, voorafgaandelijke instemming van al zijn medevennoten” (deed in Dutch)“Unaniem aanvaarde waarde, 14.1-14.2” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 October to 30 September
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Saturday of March at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “16.1,16.2,16.5, ontbinding en vereffening in één akte mogelijk,uitzonderlijk en in afwijking van voorgaande,indien aan wettelijke…” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed