Summary
The computed 12-month bankruptcy probability of MORAD is 2.8% (moderate). The 2020 annual accounts show equity of €13,930 and a net result of -€3,414. Its solvency ranks better than 60% of 4,335 sector peers (NACE 49, financial year 2020). The company has been active since 1996 and the Belgian Official Gazette contains no insolvency or warning signals.
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.
- MORAD
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Alle handelingen behalve bij wet of statuten aan algemene vergadering voorbehouden, één of meer, al dan niet verbonden, zaakvoerders vormen…” (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
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Overlijden van één vennoten heeft niet ontbinding tot gevolg, maar gaat verder met erfgenamen of legatarissen, beslissing algemene…” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed