Summary
MADISMA has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low). No figures have been read from the filed annual accounts.
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.
- MADISMA
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bekendmaking in Bijlagen tot het Belgisch Staatsblad” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde duur, gecommanditeerde vennoten of derden” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, aandelenregister op zetel” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “13, voorafgaandelijke instemming al medevennoten” (deed in Dutch)“Overgebleven aandeelhouders of rechtsopvolgers met eenparigheid, overdracht door overlijden” (deed in Dutch)1 more provision on this in the deed
- Membership ruleWho can become a member or partner, and on what terms.
- “Zoals commissaris, externe accountant op eigen kosten” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Artikel 12, besluit algemene vergadering of rechterlijke beslissing met kracht van gewijsde” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed