Summary
KORDAELBOS is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €3.1m and a net result of €8,455. Equity remains stable across the filed financial years (±0.3% per year). Its solvency ranks better than 82% of 3,011 sector peers (NACE 64, financial year 2025). The company has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals.
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.
- KORDAELBOS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, administratieve zetels,exploitatiezetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Iedere opvolgende bestuurder vertegenwoordigt alleen de vennootschap jegens derden en in rechte als eiser of verweerder. De vergadering…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Uitvoering mandaat in naam en voor rekening van rechtspersoon, onbepaalde duur bij gebrek aan bepaling” (deed in Dutch)“Geheel of gedeeltelijk om gewichtige redenen door besluit algemene vergadering met vereisten statutenwijziging, slechts met eenparigheid van…” (deed in Dutch)“Algemene vergadering” (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.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, beslissing algemene vergadering” (deed in Dutch)“Ontbinding en sluiting vereffening in één enkele akte, voorwaarden Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, behoudens procedure ontbinding met onmiddellijke sluiting…” (deed in Dutch)