KIRIBATI
ActiveSummary
KIRIBATI has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €20,571 and a net result of -€9,284. Equity is shrinking by about 8.9% per year across the filed financial years. Its solvency ranks better than 29% of 39,131 sector peers (NACE 70, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
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.
- KIRIBATI
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bij enkel besluit van bestuursorgaan:vestigen van administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en…” (deed in Dutch)
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.
- “Één of meer bestuurders, natuurlijke personen of rechtspersonen, al dan niet aandeelhouder, benoemd met of zonder beperking van duur” (deed in Dutch)“Bestuursbevoegdheid, Artikel 13” (deed in Dutch)1 more provision on this in the deed
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 vermeldingen Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten helft overdrager helft koper(s) naar evenredigheid aantal bij meerdere kopers, ook bij weigering erfgenaam of…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Orgaan dat overgaat tot uitgifte, dag van openstelling intekening” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Artikel 25, op elk moment door algemene vergadering in vormen statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Artikel 26, bestuurder(s) in functie als vereffenaar(s) krachtens statuten indien geen andere vereffenaar benoemd” (deed in Dutch)