LIBRAF
ActiveSummary
LIBRAF has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €152,528 and a net result of €70,494. Equity remains stable across the filed financial years (±0.6% per year). Its solvency ranks better than 37% of 5,017 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
- Staff
- 0.9 FTE
- Equity
- €152,528
- Profit
- €70,494
- Parent
- THEUNISSEN MANAGEMENT · 100%
Why 93raises riskSector: Retail trade (NACE 47)lowers riskFounded in 1986Size: 0.9 FTE, total assets €616,697Liquidity: current ratio 1.47, cash €113,935Show the evidence
Checked score
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro): better than 40% on solvency, 60% on liquidity, 76% on profitability and 39% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average on the deadline day; the sector median (NACE 47) for financial year 2024 is on the deadline day, and 47% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Annual accounts filedfinancial year 2024 · abbreviated…
- Annual accounts filedfinancial year 2023 · abbreviated…
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 12% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 47, Retail trade: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 3,818 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 95.2% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,818 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €42,666 | €40,802 | €43,579 | €45,699 | €46,519 | ▲ 1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €66,143 | €64,462 | €65,223 | €65,133 | €65,472 | €66,181 | €64,915 | €63,829 | ▼ 1.7% |
| Other operating charges640/8 | - | - | - | €2,719 | €2,502 | €2,751 | €2,831 | €2,321 | ▼ 18.0% |
| Non-recurring operating charges66A | - | - | - | €39 | €3,899 | €0 | - | - | - |
| Gross operating margin9900 | €152,970 | €157,790 | €188,715 | €184,548 | €236,711 | €236,685 | €225,723 | €211,398 | ▼ 6.3% |
| Operating profit (loss)9901 | €41,909 | €47,262 | €79,669 | €73,991 | €124,037 | €124,175 | €112,278 | €98,729 | ▼ 12.1% |
| Financial income75/76B | - | - | - | €12,884 | €15,194 | €1,666 | €1,565 | €1,126 | ▼ 28.1% |
| Recurring financial income75 | €30,830 | €22,986 | €14,286 | €12,884 | €15,194 | €1,666 | €1,565 | €1,126 | ▼ 28.1% |
| Financial charges65/66B | - | - | - | €12,908 | €16,619 | €13,407 | €13,239 | €11,118 | ▼ 16.0% |
| Recurring financial charges65 | €20,114 | €21,595 | €13,767 | €12,908 | €16,619 | €13,407 | €13,239 | €11,118 | ▼ 16.0% |
| Profit (loss) for the period before taxes9903 | €52,625 | €48,652 | €80,189 | €73,967 | €122,612 | €112,434 | €100,604 | €88,737 | ▼ 11.8% |
| Income taxes67/77 | €931 | €5,212 | €141 | €135 | €475 | €870 | €17,736 | €18,243 | ▲ 2.9% |
| Profit (loss) for the period9904 | €51,694 | €43,441 | €80,048 | €73,833 | €122,138 | €111,563 | €82,868 | €70,494 | ▼ 14.9% |
| Profit (loss) for the period to be appropriated9905 | €51,694 | €43,441 | €80,048 | €73,833 | €122,138 | €111,563 | €82,868 | €70,494 | ▼ 14.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €1.1m | €1.1m | €0.9m | €0.9m | €0.9m | €0.8m | €0.7m | €0.6m | ▼ 13.9% |
| Fixed assets21/28 | €0.7m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 18.4% |
| Tangible fixed assets22/27 | €0.6m | €0.6m | €0.5m | €0.5m | €0.4m | €0.4m | €0.3m | €0.3m | ▼ 18.9% |
| Land and buildings22 | - | - | - | €0.3m | €0.3m | €0.2m | €0.2m | €0.2m | ▼ 10.4% |
| Plant, machinery and equipment23 | - | - | - | €0.05m | €0.04m | €0.03m | €0.02m | €0.02m | ▼ 20.9% |
| Furniture and vehicles24 | - | - | - | €0.2m | €0.1m | €0.1m | €0.07m | €0.04m | ▼ 45.8% |
| Financial fixed assets28 | €0.005m | €0.005m | €0.005m | €0.005m | €0.005m | €0.007m | €0.007m | €0.007m | = |
| Current assets29/58 | €0.4m | €0.5m | €0.4m | €0.4m | €0.5m | €0.4m | €0.4m | €0.4m | ▼ 10.3% |
| Stocks and contracts in progress3 | €0.1m | €0.2m | €0.2m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 0.4% |
| Stocks30/36 | - | - | - | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 0.4% |
| Amounts receivable within one year40/41 | €0.2m | €0.2m | €0.08m | €0.1m | €0.1m | €0.1m | €0.08m | €0.09m | ▲ 1.4% |
| Trade receivables40 | - | - | - | €0.09m | €0.1m | €0.1m | €0.08m | €0.08m | ▲ 2.2% |
| Other amounts receivable41 | - | - | - | €0.01m | €0.008m | €0.003m | €0.001m | €0.001m | ▼ 43.2% |
| Cash at bank and in hand54/58 | €0.07m | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 23.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.04m | €0.03m | €0.002m | €0.02m | €0.007m | ▼ 51.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €1.1m | €1.1m | €0.9m | €0.9m | €0.9m | €0.8m | €0.7m | €0.6m | ▼ 13.9% |
| Equity10/15 | €0.1m | €0.1m | €0.1m | €0.2m | €0.2m | €0.2m | €0.2m | €0.2m | ▲ 0.1% |
| Contributions10/11 | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Capital10 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Issued capital100 | - | - | - | €0.06m | €0.06m | €0.06m | €0.06m | €0.06m | = |
| Reserves13 | €0.08m | €0.08m | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | €0.09m | ▲ 0.1% |
| Non-distributable reserves130/1 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Legal reserve130 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Distributable reserves133 | - | - | - | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | ▲ 0.1% |
| Profit (loss) carried forward14 | €0 | - | - | - | - | €0 | €0 | €0 | - |
| Provisions and deferred taxes16 | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Provisions for liabilities and charges160/5 | - | - | - | €0.004m | €0.004m | €0.004m | €0.004m | €0.004m | = |
| Environmental obligations163 | - | - | - | - | €0.004m | €0.004m | €0 | - | - |
| Other liabilities and charges164/5 | - | - | - | €0.004m | - | - | €0.004m | €0.004m | = |
| Amounts payable17/49 | €1.0m | €1.0m | €0.8m | €0.8m | €0.8m | €0.7m | €0.6m | €0.5m | ▼ 17.8% |
| Amounts payable after more than one year17 | €0.6m | €0.7m | €0.6m | €0.5m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 19.7% |
| Financial debts170/4 | - | - | - | €0.5m | €0.4m | €0.3m | €0.3m | €0.2m | ▼ 19.7% |
| Amounts payable within one year42/48 | €0.3m | €0.3m | €0.2m | €0.2m | €0.3m | €0.3m | €0.3m | €0.2m | ▼ 14.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €0.06m | €0.06m | €0.05m | €0.05m | €0.05m | ▲ 1.3% |
| Financial debts43 | - | - | - | - | €0.09m | €0.08m | €0.05m | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | - | - | €0.09m | €0.08m | €0.05m | €0 | ▼ 100% |
| Trade debts44 | €0.3m | €0.1m | €0.05m | €0.07m | €0.004m | €0.06m | €0.05m | €0.07m | ▲ 40.4% |
| Suppliers440/4 | - | - | - | €0.07m | €0.004m | €0.06m | €0.05m | €0.07m | ▲ 40.4% |
| Taxes, remuneration and social security45 | - | - | - | €0.005m | €0.02m | €0.007m | €0.007m | €0.006m | ▼ 2.9% |
| Taxes450/3 | - | - | - | €275 | €0.01m | €0.001m | €0.001m | €243 | ▼ 72.3% |
| Remuneration and social security454/9 | - | - | - | €0.005m | €0.005m | €0.006m | €0.006m | €0.006m | ▲ 7.8% |
| Other amounts payable47/48 | - | - | - | €0.07m | €0.2m | €0.2m | €0.1m | €0.1m | ▼ 10.4% |
| Accrued charges and deferred income492/3 | - | - | - | €0.02m | €0.09m | €0.004m | €0.01m | €0.005m | ▼ 55.4% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €51,694 | €43,441 | €80,048 | €73,833 | €122,138 | €111,563 | €82,868 | €70,494 | ▼ 14.9% |
| + Depreciation and write-downs630 | €66,143 | €64,462 | €65,223 | €65,133 | €65,472 | €66,181 | €64,915 | €63,829 | ▼ 1.7% |
| Operating cash flow (approximation) | €117,837 | €107,902 | €145,271 | €138,966 | €187,610 | €177,744 | €147,782 | €134,323 | ▼ 9.1% |
| Investment in fixed assets (approximation) | - | -€8,153 | -€16,866 | -€20,317 | -€2,633 | -€4,668 | -€2,230 | -€5,427 | ▼ 143% |
| Change in cash | - | €76,194 | -€42,794 | €28,768 | €43,570 | -€9,992 | -€18,961 | -€35,226 | ▼ 85.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 40 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 02-07-2026 | 2026-00243573 |
| 31-12-2024 | abbreviated format | 10-06-2025 | 2025-00129831 |
| 31-12-2023 | abbreviated format | 12-07-2024 | 2024-00254573 |
| 31-12-2022 | abbreviated format | 16-08-2023 | 2023-00334993 |
| 31-12-2021 | abbreviated format | 25-08-2022 | 2022-20323933 |
| 31-12-2020 | abbreviated format | 25-08-2021 | 2021-53800508 |
| 31-12-2019 | abbreviated format | 01-09-2020 | 2020-50000276 |
| 31-12-2018 | abbreviated format | 26-06-2019 | 2019-23600592 |
| 31-12-2017 | abbreviated format | 18-07-2018 | 2018-35200247 |
| 31-12-2016 | abbreviated format | 13-07-2017 | 2017-31600005 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Owners
1 ownerChain of control
- THEUNISSEN MANAGEMENT
- LIBRAF
Highest known parent: THEUNISSEN MANAGEMENT. The sources do not say who stands above it.
Owners 1
-
100%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 26-10-2023 Capital stated in the deed · €62,000 · 125 shares
Group and network
Connections & network
The network starts from this company’s shareholders. What else they own or run appears here as nodes.
History
Acts, filings and financial milestones
26-10
Gazette deed
Purpose · Amendment of the articles · Resignations & appointments · MiscellaneousPurpose change · Capital6 facts ▸
- General meeting, 23-10-2023
- Other provision, “verslagplicht wijziging voorwerp, algemene vergadering ontslaat voorzitter unaniem van voorlezing verslag bestuursorgaan” (deed in Dutch)
- Purpose change
- Other provision, “aanpassing statuten aan Wetboek van Vennootschappen en Verenigingen, statuten aanpassen aan bepalingen WVV” (deed in Dutch)
- Amendment of the articles
- Capital, €62,000
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 26 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Recognitions · licences · registrations
Food safety, FASFC
1 siteEnvironmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23077A0118/00V065 | Flanders | 148 m² | 1 · 112 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De exploitatie, huur en verhuur van één of meer apotheken; Het verzorgen van vervangingen van en voor één of meer apotheken alsook de…” (deed in Dutch)
36 activities (deed in Dutch)
- De exploitatie, huur en verhuur van één of meer apotheken.
- Het verzorgen van vervangingen van en voor één of meer apotheken alsook de organisatie ervan.
- Detailhandel in medische en orthopedische artikelen in gespecialiseerde winkels, alsook kleinhandel in geneeskrachtige kruiden, in prothesen en invalidenwagens.
- Detailhandel in cosmetica, parfums en toiletartikelen in gespecialiseerde winkels.
- Vervaardiging van geneesmiddelen en van overige farmaceutische producten;
- Detailhandel in drogisterijartikelen en onderhoudsproducten in gespecialiseerde winkels;
- Detailhandel via postorderbedrijven of via internet;
- Overige menselijke zorgen;
- De ontwikkeling, aan- en verkoop van computersoft- en hardware;
- Activiteiten op gebied van webdesign, webhosting en aanverwante activiteiten;
- Beheer van apotheken;
- Managementactiviteiten van holdings : tussenkomen in het dagelijks bestuur, vertegenwoordigen van bedrijven op grond van bezit van of controle over het vermogen;
- Op lange termijn aanhouden van aandelen die afkomstig zijn van verschillende andere bedrijven uit verscheidene economische sectoren;
- Overige zakelijke dienstverlening;
- Diverse administratieve activiteiten ten behoeve van kantoren;
- Activiteiten van hoofdkantoren;
- De ontwikkeling, aan- en verkoop van computersoft- en hardware;
- Activiteiten op gebied van webdesign, webhosting en aanverwante activiteiten;
- Het optreden en handelen als dienstverlener, als interim-manager en/of als tussenpersoon bij alle vormen van adviesverlening, management diensten en hulp aan het bedrijfsleven en de overheid op het gebied van marketing, e-business strategy, planning, organisatie, efficiëntie en toezicht, informatica, human resources, administratie en financiën, publiciteit en reclame, financiële en juridische planning en/of het verschaffen van informatie aan bedrijfsleiding en dit in de meest ruime zin;
- Het verlenen van adviezen van financiële, technische, commerciële of administratieve aard, alsook het in de ruimste zin van het woord verlenen van bijstand en diensten, rechtstreeks of onrechtstreeks, op het vlak van administratie en financiën, verkoop, productie en algemeen bestuur;
- Het verlenen van diensten op het vlak van netwerkvorming en -gebruik, externe vertegenwoordiging en representatie;
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals onder meer de huurfinanciering aan derden, onroerende leasing, erfpacht en opstalrechten, het aankopen en verkopen, zowel in volle eigendom als in vruchtgebruik en/of blote eigendom, ruilen, bouwen, verbouwen, herstelling, verbetering, onderhouden, huren, verhuren, ter beschikking stellen, verkavelen, prospecteren en uitbaten van onroerende goederen, de aan- en verkoop, huur en verhuur van onroerende goederen betreffende de inrichting en uitrusting van onroerende goederen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit doel in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen, alsmede zich borg te stellen voor het goede verloop van de verbintenissen door derde personen aangegaan die het genot zouden hebben van deze onroerende goederen, met uitzondering van de activiteiten welke voorbehouden zijn voor erkende vastgoedmakelaars.
- Handel in onroerende goederen en onroerende zakelijke rechten, dit in de ruimste zin van het woord, met inbegrip van onroerende leasing, met uitzondering van de activiteiten welke voorbehouden zijn voor erkende vastgoedmakelaars;
- Ontwikkeling van residentiële en van niet-residentiële bouwprojecten;
- Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis;
- Beheer van zowel residentieel als niet residentieel onroerend goed voor een vast bedrag of op contractbasis;
- Het optreden als tussenpersoon bij onderhandelingen inzake gehele of gedeeltelijke overname van aandelen; alsook, in de ruimste zin van het woord, het deelnemen aan emissieverrichtingen van aandelen en vastrentende waarden door intekening, waarborg, plaatsing, verhandeling of anderszins, alsmede het verwezenlijken van om het even welke verrichtingen inzake portefeuille of kapitaalsbestuur;
- Ontwerpen en voeren van reclame- en promotiecampagnes voor derden via de verschillende media;
- Zowel voor eigen rekening, voor rekening van derden, of in deelneming met derden, bij te dragen tot de vestiging en de ontwikkeling van ondernemingen.
- Het opnemen van bestuurders-, vereffenaars- of andere mandaten in Belgische en/of buitenlandse vennootschappen;
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving, overname of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en ondernemingen;
- Het bevorderen van de oprichting van vennootschappen door inbreng, participatie of investering:
- Het toestaan van leningen en kredietopeningen aan vennootschappen en particulieren, onder om het even welke vorm; in dit kader kan zij zich ook borg stellen of haar aval verlenen, in de meest ruime zin, alle handels- en financiële operaties verrichten behalve die welke wettelijk voorbehouden zijn aan depositobanken, houders van deposito’s op korte termijn, spaarbanken, hypotheekmaatschappijen en kapitalisatieondernemingen.
- De vennootschap zal op alle wijzen belangen kunnen nemen in alle zaken, ondernemingen of vennootschappen met eenzelfde gelijklopend of aanverwant voorwerp en dat van aard is de ontwikkeling van haar onderneming te bevorderen of haar klantenbestand uit te breiden.
- Zij kan zowel in België als in het buitenland verder alle commerciële, industriële, financiële, roerende en onroerende verrichtingen doen die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp.
- Zij mag eveneens belangen hebben bij wijze van inbreng, inschrijving of anderszins, in alle ondernemingen, verenigingen of vennootschappen, die een gelijkaardig, analoog of aanverwant voorwerp nastreven, of waarvan het voorwerp van aard is dat van de vennootschap te bevorderen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LIBRAF
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Artikel 2.Zetel, administratieve zetels,agentschappen,ateliers,opslagplaatsen en bijhuizen oprichten of opheffen bij enkel besluit…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Hetzij één enkele bestuurder,hetzij een raad van bestuur, overeenkomstig beslissing algemene vergadering bij benoeming bestuursorgaan” (deed in Dutch)“Algemene vergadering” (deed in Dutch)2 more provisions on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 20:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Benoeming vereffenaars, een of meer” (deed in Dutch)“Bevoegdheden vereffenaars, alle verrichtingen vermeld in de wet” (deed in Dutch)“Wijze van vereffening, netto-actief in geld of effecten onder aandeelhouders naar verhouding aantal aandelen” (deed in Dutch)