Summary
NAKO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €167,908 and a net result of €14,622. Equity is growing by about 22% per year across the filed financial years. Its solvency ranks better than 31% of 9,728 sector peers (NACE 64, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Activity
Activities of holding companies
NACE 64210
2 sites
Size
€589,491total assets 2025
- Equity
- €167,908
- Profit
- €14,622
Turnover not published (micro format)
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
- ORY, Nathalie Yvette MarcellaDirector
- PITTEVILS, Koenraad Leo LouisDirector
2025 accounts 47 days early1 of 3 deeds summarised
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
Credit check for your own amount and term
Show the recommended maximum and see how the verdict changes with amount, term and advance.
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-06-2026, 47 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
47 days early
2024
50 days early
2023
46 days early
2022
35 days early
2021
19 days early
2020
32 days early
2019
36 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 38 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 16 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
27-10-2026 today31-12-2026 year end31-07-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- Resignations: PITTEVILS,Koenraad Leo Louis (director) and…Reappointments: PITTEVILS,Koenraad Leo Louis (director)…
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
Equity
€167,908▼ 16.1%
2024 · €200,167
Net result
€14,622▼ 31.9%
2024 · €21,475
Total assets
€589,491▲ 3.9%
2024 · €567,290
Solvency
28.5%▼ 6.8pp
2024 · 35.3%
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 16% below 2024 and is 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.
Operating result€29,987
2025
Net result€14,622
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€589,491
2025
Equity€167,908
2025
Debt€421,582
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital-€24,645
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)2.5%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency28.5%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio0.78
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result€37,002-€22,911▼ 38.1%€35,326▲ 54.2%€47,411▲ 34.2%€39,740▼ 16.2%€40,766▲ 2.6%€35,712▼ 12.4%€29,987▼ 16.0%
Net result€27,655-€11,996▼ 56.6%€19,508within the sector's middle half▲ 62.6%€29,096within the sector's middle half▲ 49.2%€23,630within the sector's middle half▼ 18.8%€28,980within the sector's middle half▲ 22.6%€21,475within the sector's middle half▼ 25.9%€14,622within the sector's middle half▼ 31.9%
Equity€59,281-€71,277▲ 20.2%€90,785within the sector's middle half▲ 27.4%€119,881within the sector's middle half▲ 32.1%€149,711within the sector's middle half▲ 24.9%€178,692within the sector's middle half▲ 19.4%€200,167within the sector's middle half▲ 12.0%€167,908within the sector's middle half▼ 16.1%
Total assets€126,055-€421,206▲ 234%€414,100within the sector's middle half▼ 1.7%€419,138within the sector's middle half▲ 1.2%€442,905within the sector's middle half▲ 5.7%€408,180within the sector's middle half▼ 7.8%€567,290within the sector's middle half▲ 39.0%€589,491within the sector's middle half▲ 3.9%
Debt€66,774-€349,929▲ 424%€323,316▼ 7.6%€299,257▼ 7.4%€293,194▼ 2.0%€229,488▼ 21.7%€367,123▲ 60.0%€421,582▲ 14.8%
Working capital€37,812--€6,280€31,518within the sector's middle half€34,147within the sector's middle half▲ 8.3%€81,774within the sector's middle half▲ 139%€81,907within the sector's middle half▲ 0.2%€37,958within the sector's middle half▼ 53.7%-€24,645below the sector's middle half
Solvency47.0%-16.9%▼ 30.1pp21.9%below the sector's middle half▲ 5.0pp28.6%within the sector's middle half▲ 6.7pp33.8%within the sector's middle half▲ 5.2pp43.8%within the sector's middle half▲ 10.0pp35.3%within the sector's middle half▼ 8.5pp28.5%within the sector's middle half▼ 6.8pp
Current ratio1.62-0.92▼ 0.691.72within the sector's middle half▲ 0.801.58within the sector's middle half▼ 0.152.40within the sector's middle half▲ 0.832.87within the sector's middle half▲ 0.471.65within the sector's middle half▼ 1.220.78within the sector's middle half▼ 0.87
Return on assets (ROA)21.9%-2.8%▼ 19.1pp4.7%within the sector's middle half▲ 1.9pp6.9%within the sector's middle half▲ 2.2pp5.3%within the sector's middle half▼ 1.6pp7.1%within the sector's middle half▲ 1.8pp3.8%within the sector's middle half▼ 3.3pp2.5%within the sector's middle half▼ 1.3pp
above
within
below
the middle half of NACE 64, Financial service activities, except insurance and pension funding: 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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €589,491
Fixed assets
€503,223 ▲ 6.8%
Current assets
€86,267 ▼ 10.3%
Equity and liabilities €589,491
Equity
€167,908 ▼ 16.1%
Debt
€421,582 ▲ 14.8%
Debt's share of the balance-sheet total rises from 64.7% to 71.5%. Equity is lower and debt is higher.
Key figures and ratios
ROE
8.7%▼
2024 · 10.7%
Debt ≤ 1 year
€110,912▲
2024 · €58,222
Debt > 1 year
€310,194▲
2024 · €308,683
Income taxes
€4,911▼
2024 · €9,235
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,089 | €34,566 | €26,674 | €25,555 | €25,329 | €21,277 | €11,936 | €28,333 | ▲ 137% |
| Other operating charges640/8 | - | - | - | €948 | €725 | €1,110 | €24,925 | €1,773 | ▼ 92.9% |
| Gross operating margin9900 | €49,590 | €58,939 | €64,002 | €73,913 | €65,794 | €63,153 | €72,573 | €60,094 | ▼ 17.2% |
| Operating profit (loss)9901 | €37,002 | €22,911 | €35,326 | €47,411 | €39,740 | €40,766 | €35,712 | €29,987 | ▼ 16.0% |
| Financial income75/76B | - | - | - | €1 | - | €5,209 | €500 | €538 | ▲ 7.6% |
| Recurring financial income75 | - | €0 | €0 | €1 | - | €5,209 | €500 | €538 | ▲ 7.6% |
| Financial charges65/66B | - | - | - | €5,973 | €5,513 | €5,113 | €5,501 | €10,993 | ▲ 99.8% |
| Recurring financial charges65 | €690 | €3,917 | €6,042 | €5,973 | €5,513 | €5,113 | €5,501 | €10,993 | ▲ 99.8% |
| Profit (loss) for the period before taxes9903 | €36,312 | €18,994 | €29,285 | €41,438 | €34,228 | €40,862 | €30,711 | €19,533 | ▼ 36.4% |
| Income taxes67/77 | €8,657 | €6,998 | €9,777 | €12,342 | €10,597 | €11,881 | €9,235 | €4,911 | ▼ 46.8% |
| Profit (loss) for the period9904 | €27,655 | €11,996 | €19,508 | €29,096 | €23,630 | €28,980 | €21,475 | €14,622 | ▼ 31.9% |
| Profit (loss) for the period to be appropriated9905 | €27,655 | €11,996 | €19,508 | €29,096 | €23,630 | €28,980 | €21,475 | €14,622 | ▼ 31.9% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €126,055 | €421,206 | €414,100 | €419,138 | €442,905 | €408,180 | €567,290 | €589,491 | ▲ 3.9% |
| Fixed assets21/28 | €26,837 | €347,992 | €339,054 | €325,701 | €302,773 | €282,403 | €471,111 | €503,223 | ▲ 6.8% |
| Tangible fixed assets22/27 | €26,837 | €347,992 | €339,054 | €325,701 | €302,773 | €282,403 | €471,111 | €503,223 | ▲ 6.8% |
| Land and buildings22 | - | - | - | €313,308 | €294,032 | €274,756 | €455,443 | €469,977 | ▲ 3.2% |
| Plant, machinery and equipment23 | - | - | - | €614 | - | €801 | €620 | €23,806 | ▲ 38× |
| Furniture and vehicles24 | - | - | - | €11,779 | €8,741 | €6,846 | €15,048 | €9,439 | ▼ 37.3% |
| Current assets29/58 | €99,218 | €73,214 | €75,046 | €93,437 | €140,132 | €125,777 | €96,180 | €86,267 | ▼ 10.3% |
| Stocks and contracts in progress3 | - | - | - | - | - | - | - | €7,923 | - |
| Stocks30/36 | - | - | - | - | - | - | - | €7,923 | - |
| Amounts receivable within one year40/41 | €78,387 | €68,921 | €54,415 | €71,146 | €129,052 | €56,469 | €53,701 | €52,491 | ▼ 2.3% |
| Trade receivables40 | - | - | - | €43,560 | €101,640 | €29,040 | €19,360 | €36,531 | ▲ 88.7% |
| Other amounts receivable41 | - | - | - | €27,586 | €27,412 | €27,429 | €34,341 | €15,961 | ▼ 53.5% |
| Cash at bank and in hand54/58 | €17,435 | €806 | €15,223 | €17,855 | €6,527 | €64,582 | €37,697 | €23,236 | ▼ 38.4% |
| Deferred charges and accrued income490/1 | - | - | - | €4,436 | €4,553 | €4,727 | €4,782 | €2,618 | ▼ 45.3% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €126,055 | €421,206 | €414,100 | €419,138 | €442,905 | €408,180 | €567,290 | €589,491 | ▲ 3.9% |
| Equity10/15 | €59,281 | €71,277 | €90,785 | €119,881 | €149,711 | €178,692 | €200,167 | €167,908 | ▼ 16.1% |
| Contributions10/11 | €12,400 | €12,400 | - | €12,400 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €46,881 | €58,877 | €78,385 | €107,481 | €131,111 | €160,092 | €181,567 | €149,308 | ▼ 17.8% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | €1,860 | €1,860 | - | - |
| Distributable reserves133 | - | - | - | €105,621 | €129,251 | €158,232 | €179,707 | €149,308 | ▼ 16.9% |
| Amounts payable17/49 | €66,774 | €349,929 | €323,316 | €299,257 | €293,194 | €229,488 | €367,123 | €421,582 | ▲ 14.8% |
| Amounts payable after more than one year17 | €5,263 | €270,214 | €279,673 | €239,848 | €234,717 | €185,404 | €308,683 | €310,194 | ▲ 0.5% |
| Financial debts170/4 | - | - | - | €239,848 | €234,717 | €185,404 | €308,683 | €310,194 | ▲ 0.5% |
| Amounts payable within one year42/48 | €61,405 | €79,494 | €43,528 | €59,290 | €58,358 | €43,870 | €58,222 | €110,912 | ▲ 90.5% |
| Current portion of amounts payable after more than one year42 | - | - | - | €15,453 | €15,797 | €16,150 | €24,016 | €27,244 | ▲ 13.4% |
| Financial debts43 | - | - | - | - | - | - | - | €3,750 | - |
| Other loans439 | - | - | - | - | - | - | - | €3,750 | - |
| Trade debts44 | €9,490 | €17,521 | €19,066 | €25,678 | €20,818 | €18,186 | €20,978 | €26,640 | ▲ 27.0% |
| Suppliers440/4 | - | - | - | €25,678 | €20,818 | €18,186 | €20,978 | €26,640 | ▲ 27.0% |
| Taxes, remuneration and social security45 | - | - | - | €18,159 | €21,743 | €9,534 | €12,117 | €13,430 | ▲ 10.8% |
| Taxes450/3 | - | - | - | €18,159 | €21,043 | €9,534 | €12,117 | €13,430 | ▲ 10.8% |
| Remuneration and social security454/9 | - | - | - | - | €700 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | - | - | €1,112 | €39,849 | ▲ 36× |
| Accrued charges and deferred income492/3 | - | - | - | €119 | €119 | €215 | €218 | €476 | ▲ 119% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €27,655 | €11,996 | €19,508 | €29,096 | €23,630 | €28,980 | €21,475 | €14,622 | ▼ 31.9% |
| + Depreciation and write-downs630 | €11,089 | €34,566 | €26,674 | €25,555 | €25,329 | €21,277 | €11,936 | €28,333 | ▲ 137% |
| Operating cash flow (approximation) | €38,744 | €46,562 | €46,182 | €54,651 | €48,959 | €50,257 | €33,411 | €42,955 | ▲ 28.6% |
| Investment in fixed assets (approximation) | - | -€355,721 | -€17,736 | -€12,201 | -€2,401 | -€907 | -€200,643 | -€60,446 | ▲ 69.9% |
| Change in cash | - | -€16,629 | €14,417 | €2,633 | -€11,329 | €58,055 | -€26,885 | -€14,461 | ▲ 46.2% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (10)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 14-06-2026 | 2026-00159042 |
| 31-12-2024 | micro format | 11-06-2025 | 2025-00131146 |
| 31-12-2023 | micro format | 15-06-2024 | 2024-00132915 |
| 31-12-2022 | micro format | 26-06-2023 | 2023-00155676 |
| 31-12-2021 | micro format | 12-07-2022 | 2022-20178584 |
| 31-12-2020 | micro format | 29-06-2021 | 2021-27300174 |
| 31-12-2019 | micro format | 25-06-2020 | 2020-22600324 |
| 31-12-2018 | micro format | 27-06-2019 | 2019-25400036 |
| 31-12-2017 | micro format | 15-06-2018 | 2018-19300122 |
| 31-12-2016 | abbreviated format | 28-06-2017 | 2017-24700485 |
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Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,049. 13,593 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
2 directors, last change in 2025
ORY, Nathalie Yvette Marcella
CurrentDirector (not named in the articles)
PITTEVILS, Koenraad Leo Louis
CurrentDirector (not named in the articles)
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ.
See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
2 of this company's 3 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.
Mandate history
2 people since 2025, 2 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ORY, Nathalie Yvette Marcella |
|
| PITTEVILS, Koenraad Leo Louis |
|
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
+N: links not shown yet
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History
Acts, filings and financial milestones
Next filing, financial year 2026, expected by
2026
14-06
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
20-10
Gazette deed
Resignations: PITTEVILS,Koenraad Leo Louis (director) and ORY,Nathalie Yvette Marcella (director)Reappointments: PITTEVILS,Koenraad Leo Louis (director) and ORY,Nathalie Yvette Marcella (director) · Capital conversion · Reserve release15 facts ▸
Gazette deed
Resignations: PITTEVILS,Koenraad Leo Louis (director) and ORY,Nathalie Yvette Marcella (director)
Reappointments: PITTEVILS,Koenraad Leo Louis (director) and ORY,Nathalie Yvette Marcella (director) · Capital conversion · Reserve release15 facts ▸
- General meeting, “buitengewone algemene vergadering, NAKO” (deed in Dutch)
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm, Eerste besluit” (deed in Dutch)
- Capital conversion, “vaststelling van rechtswege omzetting, artikel 39,§2,tweede lid van de wet van 2019-03-23” (deed in Dutch)
- Reserve release, “opheffing, statutair onbeschikbare eigen vermogensrekening aangelegd bij toepassing van artikel 39,§2,tweede lid van de wet van 2019-03-23” (deed in Dutch)
- Other provision, “verslag bestuursorgaan over wijziging voorwerp, verslag aanvaard en goedgekeurd” (deed in Dutch)
- Purpose change
- Amendment of the articles
- Other provision, “heden, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Director resignation, PITTEVILS,Koenraad Leo Louis (director)
- Director resignation, ORY,Nathalie Yvette Marcella (director)
- Director reappointment, PITTEVILS,Koenraad Leo Louis (director (not named in the articles))
- Director reappointment, ORY,Nathalie Yvette Marcella (director (not named in the articles))
- +3 further facts in this act
11-06
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
31-12
Financial
Equity above €200,000equity €200,167 ▲12%
A profit in every financial year since 2018 builds equity to €200,167.
15-06
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
31-12
Financial
Equity above €150,000equity €178,692 ▲19.4%
A profit in every financial year since 2018 builds equity to €178,692.
26-06
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
12-07
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
31-12
Financial
Highest result from 2018 to 2025net €29,096 ▲49.2%
Operating result €47,411, net result €29,096, both a record.
31-12
Financial
Equity above €100,000equity €119,881 ▲32.1%
A profit in every financial year since 2018 builds equity to €119,881.
29-06
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
25-06
NBB filing
Annual accounts filed
financial year 2019 · micro format
Show earlier events
2019
31-12
Financial
Weakest financial yearnet €11,996 ▼56.6%
Net result drops to €11,996, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
financial year 2018 · micro format
2018
15-06
NBB filing
Annual accounts filed
financial year 2017 · micro format
2017
28-06
NBB filing
Annual accounts filed
financial year 2016 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 3 deeds read
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Register details
Identification
Legal formPrivate limited company
Founded16-07-2015
Financial year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
47789Other retail sale of new goods
E-invoicing
Reachable via Peppol
Peppol ID
0208:0633908757
Also
9925:BE0633908757
Registered
02-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Sint-Truiden · 2 establishment units since 2015
Ground area
957 m²
Building footprint
222 m²
Building volume
1,673 m³
2 parcels, Flanders · tallest building 12.1 m. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
NAKO
since 2015unit no. 2.244.408.764
Lieke’s Balloons
since 2025unit no. 2.380.428.696
2 parcels
Flanders
2
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 71019B0240/00L000 | Flanders | 887 m² | 1 · 152 m² | 9.3 m · 2 |
| 73009F0299/00W000 | Flanders | 70 m² | 1 · 70 m² | 12.1 m · 3 |
How the parcels are linked
Good to know
Both parcels match the address exactly.
1 of these parcels carries protected heritage: expect extra rules on renovation or sale.
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.
- NAKO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, Artikel 2” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 14. Vertegenwoordigingsbevoegdheid Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, overdrachten en overgangen slechts uitwerking jegens vennootschap en derden vanaf inschrijving register” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Eerst aan bestaande aandeelhouders naar evenredigheid aantal aandelen, nieuwe aandelen waarop in geld wordt ingeschreven” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Monday of June at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Om welke reden en op welk ogenblik ook, algemene vergadering mag een of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding…” (deed in Dutch)