MATHAR
ActiveSummary
The computed 12-month bankruptcy probability of MATHAR is 2.2% (moderate). The 2025 annual accounts show equity of €84,912 and a net result of -€30,273. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 64% of 34,718 sector peers (NACE 43, financial year 2025). The company has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 1.3 FTE
- Equity
- €84,912
- Loss
- -€30,273
Why 52raises riskLast filed accounts filed 27 days late; 2 of the last 3 lateLoss of €30,273, the second in a row (financial year 2025)Liquidity: current ratio 2.31, cash €4,293, halvedSector: Specialised construction activities (NACE 43)Show the evidence
Checked score
About 2 in 100 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 43, micro): better than 65% on solvency, 31% on liquidity, 4% on profitability and 15% on growth.
The bankruptcy probability was computed on 25-10-2026 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 58 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (27 days) Filed on 27 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00456404.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €28,653 in 2025 against €42 in 2024; the loss grows and 2025 has the lowest result in the available series.
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 43, Specialised construction activities: 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 4,805 companies that looked in July 2024 the way this one looks now, 2.0% went bankrupt within 24 months and 88.2% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a loss of 10% 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 2.2% 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 4,805 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 |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €15,300 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €40,089 | €45,027 | €48,506 | €51,446 | €57,368 | ▲ 11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,263 | €16,467 | €17,822 | €18,528 | €13,854 | €8,077 | €18,366 | €18,866 | ▲ 2.7% |
| Other operating charges640/8 | - | - | - | €1,259 | €1,493 | €6,529 | €1,677 | €1,814 | ▲ 8.1% |
| Non-recurring operating charges66A | - | - | - | €136 | - | - | - | - | - |
| Gross operating margin9900 | €17,567 | €91,022 | €86,033 | €84,970 | €93,060 | €63,168 | €71,447 | €49,394 | ▼ 30.9% |
| Operating profit (loss)9901 | -€41,097 | €37,325 | €31,135 | €24,957 | €32,687 | €55 | -€42 | -€28,653 | ▼ 68,777% |
| Financial income75/76B | - | - | - | €24 | €62 | €487 | €253 | €319 | ▲ 26.2% |
| Recurring financial income75 | €0 | €6 | €438 | €24 | €62 | €487 | €253 | €319 | ▲ 26.2% |
| Financial charges65/66B | - | - | - | €998 | €1,280 | €681 | €2,769 | €1,779 | ▼ 35.8% |
| Recurring financial charges65 | €1,832 | €3,136 | €1,233 | €998 | €1,280 | €681 | €2,769 | €1,779 | ▼ 35.8% |
| Profit (loss) for the period before taxes9903 | -€42,928 | €34,196 | €30,340 | €23,983 | €31,468 | -€138 | -€2,558 | -€30,113 | ▼ 1,077% |
| Income taxes67/77 | €252 | €229 | €4,305 | €5,957 | €7,027 | €217 | €171 | €161 | ▼ 6.3% |
| Profit (loss) for the period9904 | -€43,180 | €33,967 | €26,034 | €18,026 | €24,442 | -€355 | -€2,729 | -€30,273 | ▼ 1,009% |
| Profit (loss) for the period to be appropriated9905 | -€43,180 | €33,967 | €26,034 | €18,026 | €24,442 | -€355 | -€2,729 | -€30,273 | ▼ 1,009% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €114,048 | €116,515 | €147,961 | €166,400 | €181,802 | €145,643 | €180,923 | €142,886 | ▼ 21.0% |
| Formation expenses20 | - | - | - | - | - | €1,063 | €846 | €629 | ▼ 25.7% |
| Fixed assets21/28 | €59,071 | €45,802 | €42,591 | €46,882 | €33,451 | €27,971 | €64,558 | €45,910 | ▼ 28.9% |
| Intangible fixed assets21 | €0 | - | - | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €58,921 | €45,652 | €42,591 | €46,882 | €33,451 | €27,971 | €64,558 | €45,910 | ▼ 28.9% |
| Plant, machinery and equipment23 | - | - | - | €17,248 | €13,351 | €10,996 | €7,606 | €3,235 | ▼ 57.5% |
| Furniture and vehicles24 | - | - | - | €5,825 | €0 | - | €42,731 | €32,264 | ▼ 24.5% |
| Other tangible fixed assets26 | - | - | - | €23,810 | €20,100 | €16,975 | €14,221 | €10,411 | ▼ 26.8% |
| Financial fixed assets28 | €150 | €150 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €54,977 | €70,713 | €105,371 | €119,518 | €148,352 | €116,609 | €115,519 | €96,348 | ▼ 16.6% |
| Stocks and contracts in progress3 | €22,632 | €32,262 | €37,006 | €71,960 | €70,135 | €66,050 | €63,515 | €64,625 | ▲ 1.7% |
| Stocks30/36 | - | - | - | €71,960 | €70,135 | €66,050 | €63,515 | €64,625 | ▲ 1.7% |
| Amounts receivable within one year40/41 | €28,594 | €25,190 | €47,897 | €24,445 | €33,643 | €26,387 | €36,977 | €23,670 | ▼ 36.0% |
| Trade receivables40 | - | - | - | €18,501 | €31,450 | €19,171 | €22,959 | €11,083 | ▼ 51.7% |
| Other amounts receivable41 | - | - | - | €5,944 | €2,193 | €7,216 | €14,017 | €12,587 | ▼ 10.2% |
| Cash at bank and in hand54/58 | €1,505 | €10,979 | €18,194 | €22,012 | €43,419 | €21,769 | €12,100 | €4,293 | ▼ 64.5% |
| Deferred charges and accrued income490/1 | - | - | - | €1,101 | €1,155 | €2,403 | €2,927 | €3,759 | ▲ 28.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €114,048 | €116,515 | €147,961 | €166,400 | €181,802 | €145,643 | €180,923 | €142,886 | ▼ 21.0% |
| Equity10/15 | €25,801 | €59,768 | €85,802 | €103,828 | €118,269 | €117,914 | €115,185 | €84,912 | ▼ 26.3% |
| Contributions10/11 | €50,000 | €50,000 | - | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €3,700 | €3,700 | €3,700 | €3,700 | €3,700 | €3,700 | €3,700 | €3,700 | = |
| Non-distributable reserves130/1 | - | - | - | €3,700 | €3,700 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €3,700 | €3,700 | - | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €3,700 | €3,700 | €3,700 | = |
| Profit (loss) carried forward14 | -€27,899 | €6,068 | €32,102 | €50,128 | €64,569 | €64,214 | €61,485 | €31,212 | ▼ 49.2% |
| Amounts payable17/49 | €88,247 | €56,747 | €62,159 | €62,573 | €63,533 | €27,728 | €65,738 | €57,974 | ▼ 11.8% |
| Amounts payable after more than one year17 | €31,882 | €21,268 | €10,522 | €8,982 | €2,160 | - | €21,349 | €14,700 | ▼ 31.1% |
| Financial debts170/4 | - | - | - | €8,982 | €2,160 | - | €21,349 | €14,700 | ▼ 31.1% |
| Amounts payable within one year42/48 | €51,984 | €31,345 | €47,953 | €47,863 | €61,173 | €26,340 | €44,152 | €41,695 | ▼ 5.6% |
| Current portion of amounts payable after more than one year42 | - | - | - | €12,159 | €6,829 | €2,160 | €6,398 | €6,649 | ▲ 3.9% |
| Financial debts43 | - | - | - | - | - | - | - | €120 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €120 | - |
| Trade debts44 | €16,048 | €12,156 | €29,147 | €15,503 | €27,566 | €10,810 | €24,932 | €22,934 | ▼ 8.0% |
| Suppliers440/4 | - | - | - | €15,503 | €27,566 | €10,810 | €24,932 | €22,934 | ▼ 8.0% |
| Taxes, remuneration and social security45 | - | - | - | €20,201 | €16,778 | €10,075 | €12,822 | €11,992 | ▼ 6.5% |
| Taxes450/3 | - | - | - | €11,839 | €8,442 | €2,568 | €3,387 | €2,477 | ▼ 26.9% |
| Remuneration and social security454/9 | - | - | - | €8,362 | €8,336 | €7,507 | €9,435 | €9,515 | ▲ 0.9% |
| Other amounts payable47/48 | - | - | - | - | €10,000 | €3,294 | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €5,728 | €199 | €1,389 | €237 | €1,579 | ▲ 567% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€43,180 | €33,967 | €26,034 | €18,026 | €24,442 | -€355 | -€2,729 | -€30,273 | ▼ 1,009% |
| + Depreciation and write-downs630 | €19,263 | €16,467 | €17,822 | €18,528 | €13,854 | €8,077 | €18,366 | €18,866 | ▲ 2.7% |
| Operating cash flow (approximation) | -€23,918 | €50,434 | €43,856 | €36,554 | €38,296 | €7,722 | €15,637 | -€11,408 | - |
| Investment in fixed assets (approximation) | - | -€3,198 | -€14,611 | -€22,820 | -€422 | -€2,597 | -€54,953 | -€217 | ▲ 99.6% |
| Change in cash | - | €9,474 | €7,215 | €3,817 | €21,407 | -€21,650 | -€9,669 | -€7,807 | ▲ 19.3% |
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 13 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 27-08-2026 | 2026-00456404 |
| 31-12-2024 | micro format | 25-09-2025 | 2025-00509184 |
| 31-12-2023 | micro format | 11-09-2024 | 2024-00459006 |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00438857 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20422782 |
| 31-12-2020 | micro format | 02-12-2021 | 2021-79400039 |
| 31-12-2019 | micro format | 04-11-2020 | 2020-69700007 |
| 31-12-2018 | micro format | 30-10-2019 | 2019-72300357 |
| 31-12-2017 | micro format | 30-08-2018 | 2018-56900230 |
| 31-12-2016 | micro format | 30-09-2017 | 2017-65600035 |
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
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| JeanMarc GEVAERT |
|
Owners and capital
Capital and shareholders
- 30-11-2023 Converted to unavailable equity · €53,700
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
30-11
Gazette deed
Reappointment: JeanMarc GEVAERT (director)Resignation: JeanMarc GEVAERT (manager) · Amendment of the articles · Capital conversion9 facts ▸
- General meeting, 24-11-2023
- Amendment of the articles (2 times)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “formes et majorités de la modification des statuts, limitation du compte de capitaux propres statutairement indisponible et mise à disposition du solde” (deed in French)
- Director reappointment, JeanMarc GEVAERT (director (not named in the articles))
- Director resignation, JeanMarc GEVAERT (manager)
- Director discharge, JeanMarc GEVAERT (manager)
- Registered office clause, “7750 Mont-de-l’Enclus (Orroir),Rue des Résistants,16” (deed in French)
- Power of attorney
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has 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.
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice, with enterprise number 0536.976.459
Environmental 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 |
|---|---|---|---|---|
| 57061B0253/00T000 | Wallonia | 142 m² | 1 · 84 m² | 9.9 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’étude,la fabrication,la commercialisation,la vente et la pose - en gros ou en détail – de volets,de portes sectionnelles et de menuiseries…” (deed in French)
86 activities (deed in French)
- L’étude,la fabrication,la commercialisation,la vente et la pose - en gros ou en détail – de volets,de portes sectionnelles et de menuiseries métalliques.
- La fabrication de constructions préfabriquées principalement en métaux : baraques de chantier,éléments modulaires pour expositions,cabines téléphoniques ;
- L’installation de systèmes d'alimentation de secours (groupes électrogènes) ;
- La construction générale de bâtiments résidentiels ;
- La réalisation du gros œuvre de maisons individuelles ;
- La construction de maisons individuelles "clés en mains" ;
- La réalisation du gros œuvre de bâtiments à cellules multiples (appartements,etc.) ;
- La réalisation d'appartements "clés en mains" ;
- La construction générale d'autres bâtiments non résidentiels ;
- La réalisation du gros œuvre de bâtiments et ouvrages industriels ou commerciaux,de dépôts de véhicules,d'entrepôts,d'écoles,de cliniques,de bâtiments pour la pratique d'un culte ;
- Le montage de hangars,granges,silos,bâtiments à usages agricoles ;
- La construction d'autoroutes,de routes,de rues,de chaussées et d'autres voies pour véhicules et piétons (y compris la pose de glissières de sécurité) ;
- Le marquage à la peinture des chaussées et des aires ou parcs de stationnement ;
- La construction de voies ferrées : pose du ballast et des rails,remise en état et réparations des voies ;
- La construction de ponts et de tunnels ;
- La construction de ponts,y compris ceux destinés à supporter des routes surélevées,viaducs ;
- La construction de tunnels routiers et ferroviaires et d'autres passages souterrains ;
- Le forage et construction de puits d'eau,fonçage de puits ;
- Tous travaux de dragage ;
- Le curage des cours d'eau,fossés ;
- La construction de terrains de jeux et de sport,de bassins de natation ;
- Tous travaux de démolition ;
- Tous travaux de préparation des sites ;
- Tous travaux de terrassement : creusement,comblement,nivellement de chantiers de construction,ouverture de tranchées,dérochement,destruction à l'explosif ;
- La préparation de sites pour l'exploitation minière : enlèvement de déblais et autres travaux d'aménagement et de préparation des terrains et sites miniers ;
- Le rabattement de la nappe aquifère et drainage des chantiers des construction ;
- Le drainage des terrains agricoles et sylvicoles ;
- Le Déblayage des chantiers ;
- Les forages d'essai et sondages ;
- Les sondages d'essai,les forages d'essai et les carottages pour la construction ainsi que pour les études géophysiques,géologiques et similaires ;
- L’exécution de forages horizontaux pour passages de câbles ou de canalisations ;
- Tous travaux d'installation électrotechnique de bâtiment ;
- L’installation de câbles et appareils électriques ;
- L’installation de systèmes de télécommunication et installations informatiques ;
- L’installation de systèmes d'éclairage et de signalisation pour chaussées,voies ferrées,aéroports et installations portuaires (y compris l'installation de panneaux de signalisation) ;
- Tous travaux de plomberie ;
- L’installation de chauffage,de ventilation et de conditionnement d'air ;
- L’installation de systèmes de chauffage,de climatisation et de ventilation (sauf chauffage) ;
- D'installations électriques de chauffage ;
- Tous travaux d'isolation ;
- La mise en œuvre dans des bâtiments ou d'autres projets de construction de : matériaux d'isolation thermique,matériaux d'isolation acoustique et antivibratile ;
- Tous travaux d'isolation de canalisations de chauffage ou de réfrigération,de chambres froides ou d'entrepôts frigorifiques ;
- Tous autres travaux d'installation n.c.a ;
- L’installation de stores,bannes,d'enseignes,lumineuses ou non ;
- Tous autres travaux d'installation n.d.a.,y compris l'installation d'accessoires ;
- Tous travaux d'installation générale ;
- L’Installation d'ascenseurs et escaliers mécaniques ;
- L’Installation d'antennes d'immeubles et paratonnerres ;
- Tous travaux de plâtrerie,l’application dans des bâtiments ou d'autres projets de construction,de plâtre ou de stuc pour l'intérieur ou l'extérieur,y compris les matériaux de lattage associés ;
- Tous travaux de menuiserie,le montage de menuiseries extérieures et intérieures : portes,fenêtres,escaliers,placards de cuisines équipées,équipements pour magasins,dormants de portes et fenêtres,le montage de cloisons mobiles; revêtement de murs,de plafonds,en bois ou en matière plastique ;
- Le montage de portes de garage,de volets,de persiennes,de grillages,de grilles,en bois ou en matière plastique ;
- Le montage de portes blindées et de portes coupe-feux,en bois ou en matière plastique ;
- Le montage de serres,de vérandas,en bois ou en matière plastique ;
- Le montage de menuiseries extérieurs et intérieurs métallique : portes,fenêtres,dormants de portes et fenêtres,escaliers,placards de cuisines équipées,équipements pour magasins ;
- Le montage de cloisons mobiles ; revêtement de murs,de plafonds,métallique ;
- Le montage de portes blindées et portes coupe-feux,métallique ;
- Le montage de serres,de vérandas,métallique ;
- L’installation de portes intérieures,de cloisons de séparation,en verre ;
- Le montage de cloisons sèches à base de plâtre ;
- La pose de carrelages de sols et de murs,de revêtements en bois de sols et de murs,de papiers peints et de revêtements de murs et de sols en d'autres matériaux
- Tous travaux de peinture intérieure et extérieure des bâtiments,d'ossatures métalliques,de navires et de bateaux par des unités non spécialisées ;
- Tous travaux de vitrerie ;
- La pose de vitres,de miroirs ;
- Tous autres travaux de finition ;
- Le nettoyage de bâtiments nouveaux et remise en état des lieux après travaux ;
- Tous autres travaux d'achèvement et de finition des bâtiments n.d.a ;
- Tous travaux de couverture en tous matériaux ;
- Le montage de charpentes ;
- La mise en place des éléments d'évacuation des eaux de pluie ;
- Tous travaux d'étanchéification des toits et des toitures-terrasses ;
- Le traitement des murs avec des produits hydrofuges ;
- Le nettoyage à la vapeur,le sablage et les activités analogues appliquées aux parties extérieures des bâtiments ;
- La construction de cheminées décoratives et de feux ouverts ;
- Tous travaux de maçonnerie ;
- L’exécution de travaux de rejointoiement ;
- La pose de chape ;
- Tous autres activités de construction spécialisées ;
- La mise en place de fondations,y compris le battage de pieux ;
- Tous travaux de ferraillage et la pose de coffrage ;
- Tous travaux de construction de cheminées et de fours industriels ;
- Le montage d'éléments de structures métalliques non fabriqués par l'unité qui exécute les travaux ;
- L’exécution pour les tiers de travaux de levage ;
- Le montage et démontage d'échafaudages et de plates-formes de travail ;
- La construction de chambres froides,chambres fortes ;
- L’installation de piscines privées ;
- Le commerce de détail de matériaux de construction en magasin spécialisé,assortiment général ;
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MATHAR
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne, par simple décision de l’organe d’administration,des sièges administratifs,agences,ateliers,dépôts et succursales,tant en…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation, personnes physiques ou morales actionnaires ou non” (deed in French)“Frais généraux, assemblée générale” (deed in French)
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.
- “Tout ou partie, président du tribunal de commerce du siège en référé à requête partie diligente en cas désaccord” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour les modifications aux statuts, assemblée générale” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, peut désigner un ou plusieurs liquidateurs et déterminer pouvoirs et…” (deed in French)