LABELCAP.AI

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.

Labelcap.ai

Registered office clauseThe region of the registered office; it decides among other things the language of official documents.

“Région de Bruxelles-Capitale, Article 2. Siège” (deed in French)

deed of 28-11-2022

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.

“Article 11. Pouvoirs de l’organe d’administration §1. S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui…”

Board ruleHow the board is made up, meets and takes decisions.

“Assemblée générale peut en toute hypothèse y mettre fin pour de justes motifs,sans préavis ni indemnité, nommés avec ou sans limitation de…” (deed in French)

“Portée aux frais généraux,indépendamment des frais éventuels de représentation,voyages et déplacements, assemblée générale” (deed in French)

deed of 28-11-2022

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.

“Nominatives, registre actions nominatives” (deed in French)

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.

“Tout transfert particulier ou universel onéreux ou gratuit entre vifs ou cause de mort, agrément” (deed in French)

Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.

One provision in the deed

deed of 28-11-2022

Meetings and financial year

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

First Monday of April at 18:00

deed of 28-11-2022

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.

“Assemblée générale, prévues pour modifications aux statuts” (deed in French)

deed of 28-11-2022

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.

“Article 2:80 Code des sociétés et associations, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)

deed of 28-11-2022

Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.

“Siège de la société, article 2:102 du Code des sociétés et des associations” (deed in French)

deed of 08-01-2025

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

Asset distribution: “Propriétaires indivis de plein droit, chacun pour sa part” (deed in French)

Other provision: “Apport remboursé plus part du solde de liquidation, responsabilité des actionnaires pour dettes non payées ni consignées” (deed in French)

deed of 08-01-2025

Liquidation distribution: “Apurement dettes,charges,frais ou consignation montants nécessaires, actif net entre tous actionnaires en proportion de leurs actions et…” (deed in French)

1 more provision in the deed, see the deed of 28-11-2022

deed of 28-11-2022