MYT
Active Risk: not assessedSummary
MYT is less than twelve months old; there is no public track record yet to compute a bankruptcy probability from. The company has been active since 2026 and the Belgian Official Gazette contains no insolvency or warning signals. No annual accounts have been filed with the National Bank.
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.
- MYT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “België en buitenland, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 16.- Vertegenwoordiging - Gerechtelijke handelingen en rechtshandelingen. De Vennootschap wordt vertegenwoordigd in de handelingen…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking zonder aanduiding geacht zonder beperking, een of meerdere bestuurders natuurlijke of rechtspersonen al dan niet…” (deed in Dutch)2 more provisions on this in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Onder levenden of overlijden, aandeelhouders met minstens helft van aandelen na aftrek voorgestelde” (deed in Dutch)“Overnemer kan aanbod intrekken binnen 2 maanden na betekening ten verzoeke meest gerede partij, Voorzitter Ondernemingsrechtbank zetel…” (deed in Dutch)“Waarde netto-actief zoals laatste goedgekeurde jaarrekeningen, zich verzettende aandeelhouders en/of Vennootschap moeten aandelen overleden…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Alleen artikel 10-voorwaarden, algemene vergadering zoals inzake wijziging statuten” (deed in Dutch)
- Authorised capitalThe amount by which the board may raise capital without a new shareholder decision.
- “Toelating, artikelen 5:134 en 5:135” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- First financial yearThe first financial year after incorporation can be shorter or longer than twelve months.
- First financial year to 31-12-2026, first annual accounts due by 31-07-2027
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 18:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Netto-actief dreigt negatief te worden of is negatief geworden, bestuursorgaan” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Meest uitgebreide bevoegdheden artikelen 2:87 e.v. WVV, ontbinding om welke reden en op welk ogenblik ook” (deed in Dutch)