LICA CITY
ActiveSummary
The computed 12-month bankruptcy probability of LICA CITY is 2.7% (moderate). The 2024 annual accounts show negative equity (-€20,928) and a net result of -€37,483. Equity is shrinking by about 39% per year across the filed financial years. Its solvency ranks better than 14% of 9,461 sector peers (NACE 82, financial year 2024). The company has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’activité de promoteur immobilier; L’exploitation, l’achat, la vente, la construction, l’expertise, la location, le courtage de biens…” (deed in French)
5 activities (deed in French)
- L’activité de promoteur immobilier ;
- L’exploitation, l’achat, la vente, la construction, l’expertise, la location, le courtage de biens immeubles pour compte propre ou pour compte de tiers ;
- La mise en valeur, la réfection, la rénovation, la transformation, la décoration de biens immeubles ;
- L’exploitation, la conservation et la rentabilisation de son patrimoine mobilier et immobilier.
- Service d’emballage, d’expédition, de livraison, de récupération et de suivi de colis à l’échelle nationale et internationale.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- LICA CITY
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, La société peut établir, par simple décision de l’organe d’administration, des sièges administratifs, agences, ateliers…” (deed in French)
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.
- “Organe d'administration, avec ou sans limitation de durée” (deed in French)“Remuneration administrateurs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “100, droit égal dans la répartition des bénéfices” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Organe d'administration, assemblée générale” (deed in French)“Chaque action donne un droit égal dans la répartition des bénéfices” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 10:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Peut toujours participer à l'assemblée générale sans pouvoir participer au vote” (deed in French)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- One provision in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps, délibérant dans les formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Le ou les administrateurs en fonction sont désignés comme liquidateur(s) en vertu des présents statuts si aucun autre liquidateur n'a été…” (deed in French)