MAGLO
ActiveSummary
MAGLO has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123,947 and a net result of -€10,969. Equity remains stable across the filed financial years (±1.7% per year). Its solvency ranks better than 77% of 2,316 sector peers (NACE 25, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Fabricage en montage van alle metaalconstructies in ferro- en non-ferrometalen,timmer- en schrijnwerk en dakwerken,aluminium en PVC…” (deed in Dutch)
2 activities (deed in Dutch)
- Fabricage en montage van alle metaalconstructies in ferro- en non-ferrometalen,timmer- en schrijnwerk en dakwerken,aluminium en PVC constructie schrijnwerk en plaatsing van glas,fabricage van elementen en reclameborden met elektriciteit en elektrische sturingen.
- Al wat te maken heeft met elektronica en elektriciteit.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Maglo
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, bestuursorgaan mag bij enkel besluit administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en bijkantoren vestigen…” (deed in Dutch)
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.
- “Bestuursorgaan, een of meer bestuurders” (deed in Dutch)“Wet of statuten aan algemene vergadering voorbehouden, geheel van bevoegdheden toegekend met mogelijkheid deel te delegeren” (deed in Dutch)“Algemene kosten los van representatie-, reis- en verplaatsingskosten, vaste of evenredige vergoeding” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- 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.
- Third Wednesday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment, vormen vereist voor statutenwijziging” (deed in Dutch)“Alarmbelprocedure, netto-actief dreigt negatief te worden of is geworden” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Krachtens statuten indien geen andere vereffenaar benoemd, bestuurder(s) in functie” (deed in Dutch)