KING1081
Active Risk: not assessedSummary
KING1081 is less than twelve months old; there is no public track record yet to compute a bankruptcy probability from. The company has been active since 2026 and the Belgian Official Gazette contains no insolvency or warning signals. 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
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
- Elected domicileThe address where directors or the company receive official documents.
- “Chaque administrateur ou délégué à la gestion journalière peut élire domicile au siège de la société pour toutes les questions qui…” (deed in French)
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.
- “La gestion journalière comprend aussi bien les actes et les décisions qui n’excèdent pas les besoins de la vie quotidienne de la société que…” (deed in French)“Tout administrateur peut donner à un de ses collègues, par écrit ou tout autre moyen de communication ayant un support matériel, mandat pour…” (deed in French)“Un administrateur ou à défaut par l'actionnaire présent qui détient le plus d'actions, à l'unanimité et par écrit, prendre toutes les…” (deed in French)9 more provisions on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “100, part égale du bénéfice et du solde de la liquidation” (deed in French)1 more provision on this in the deed
- Records ruleWhich registers the company keeps, such as the share register, and how.
- “Signés par les actionnaires qui en feront la demande, signés par un administrateur” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- 4 provisions in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Les actionnaires représentés doivent renoncer à ce droit de préférence dans la procuration, la renonciation au droit de préférence de chacun…” (deed in French)
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- One provision in the deed
- Financial instrumentSecurities other than shares, such as bonds or warrants, the company can issue.
- One provision in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Dans les limites fixées par la loi, assemblée générale” (deed in French)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- First financial yearThe first financial year after incorporation can be shorter or longer than twelve months.
- First financial year to 31-12-2027, first annual accounts due by 31-07-2028
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Wednesday of June at 16:00
- Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
- One provision in the deed
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Physiquement à l'endroit indiqué dans la convocation, soit à distance par voie de conférence téléphonique, vidéoconférence, visioconférence…” (deed in French)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Par un tiers, actionnaire ou non, porteur d'une procuration spéciale, quel que soit le nombre de titres représentés” (deed in French)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Le(s) administrateur(s) en exercice ou à défaut par un ou plusieurs liquidateurs nommés par l'assemblée générale, Dans le respect des…” (deed in French)
- JurisdictionWhich court has jurisdiction in a dispute about the company.
- “Tribunaux dans le ressort duquel le siège de la société est établi, tous litiges entre la société, ses actionnaires, obligataires…” (deed in French)