LEEN
ActiveSummary
LEEN has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €1.1m. Equity is shrinking by about 22% per year across the filed financial years. Its solvency ranks better than 40% of 5,027 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (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.
- LEEN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 16. Vertegenwoordiging van de vennootschap §1. Alle akten die de vennootschap verbinden, in en buiten rechte, zijn geldig wanneer…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Enige bestuurder of raad van bestuur, 3” (deed in Dutch)“Raad kiest voorzitter uit midden, schriftelijke volmacht aan collega,lastgever geacht aanwezig” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Register van aandelen op naam, op zijn kosten” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Eenparigheid van stemmen, indien hij daarom verzoekt” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of January at 10:30
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Één of meer, Benoeming van de vereffenaars” (deed in Dutch)“Bevoegdheden van de vereffenaars, alle verrichtingen vermeld in de wet” (deed in Dutch)