Summary
LIM has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low). No annual accounts have been filed with the National Bank.
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Baljuwstraat 5” (deed in Dutch)“Vlaams Gewest, Artikel 2” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 10 : Externe vertegenwoordigingsbevoegdheid Iedere zaakvoerder afzonderlijk, ook wanneer er meerdere zijn, vertegenwoordigt de…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Uitvoering in naam en voor rekening rechtspersoon, na uitdrukkelijke aanvaarding en zonder wettelijk/reglementair beletsel met bevestiging…” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, 100” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Burgerlijk Wetboek art.1690 indien toegelaten, overgang aandelen” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Saturday of June at 17:30
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Besluit algemene vergadering,van rechtswege wetfeit,gerechtelijke beslissing, wettelijk voorgeschreven procedure” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed