LDA

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.

LDA

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

“Vlaams Gewest” (deed in Dutch)

“Bij enkel besluit bestuursorgaan, Viaamse Gewest” (deed in Dutch)

deed of 01-08-2023

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.

“Met of zonder beperking van duur, een of meer bestuurders” (deed in Dutch)

“Algemene kosten, los van representatie-, reis- en verplaatsingskosten, algemene vergadering beslist of mandaat al dan niet ten kosteloze…” (deed in Dutch)

1 more provision on this in the deed

deed of 01-08-2023

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 voorgeschreven door Wetboek van vennootschappen en verenigingen” (deed in Dutch)

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

One provision in the deed

deed of 01-08-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.

“Beslissing algemene vergadering beslissende in vormen vereist voor statutenwijziging, op elk moment” (deed in Dutch)

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

One provision in the deed

deed of 01-08-2023

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

Other provision: “De controle van de staat van activa en passiva door de bedrijfsrevisor ontslaat noch het bestuursorgaan, noch de voor financiën en…” (deed in Dutch)

deed of 20-10-2026

1 more provision in the deed, see the deed of 01-08-2023