MUNIC GEMS
ActiveSummary
MUNIC GEMS has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.6m and a net result of -€52,905. Equity is shrinking by about 13% per year across the filed financial years. Its solvency ranks better than 40% of 8,971 sector peers (NACE 46, financial year 2024). The computed 12-month bankruptcy probability is 1.3% (low).
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Bewerken en doen bewerken, de groot- en kleinhandel, de in- en uitvoer, het in consignatie geven en nemen, de vertegenwoordiging en de…” (deed in Dutch)
Text of the purpose (deed in Dutch)
“Bewerken en doen bewerken, de groot- en kleinhandel, de in- en uitvoer, het in consignatie geven en nemen, de vertegenwoordiging en de commissiehandel, van ruwe en geslepen diamant, edelstenen, juwelen, edele metalen en alle aanverwante artikelen, met alle roerende en onroerende handelingen die rechtstreeks of onrechtstreeks in verband staan met haar voorwerp.”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MUNIC GEMS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly, or a managing director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “1, enige bestuurder” (deed in Dutch)“Raad van bestuur, zodra algemene vergadering uitdrukkelijk kiest voor bestuur door raad en daarbij drie bestuurders benoemt” (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
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Thursday of June at 15:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Ontbinding bij besluit algemene vergadering die beraadslaagt zoals inzake statutenwijziging” (deed in Dutch)