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NEM CONSTRUCT

Active
Private limited companyfounded 2018active for 7 yearsGroot-Bijgaardenstraat 14, 1082 Sint-Agatha-Berchem, Belgium303 active companies are registered at this addressKBO/BCE: BE 0712.647.221
Summary

The computed 12-month bankruptcy probability of NEM CONSTRUCT is 10.5% (high). For NEM CONSTRUCT, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €39,825 and a net result of €1,499. Equity is growing by about 30% per year across the filed financial years. Its solvency ranks better than 84% of 33,181 sector peers (NACE 43, financial year 2023). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Other specialised construction activities
NACE 43990
1 site
Size
€52,294total assets 2023
Equity
€39,825
Profit
€1,499
Turnover not published (micro format)
Financial health
Bankruptcy probabilitywithin 12 months
10.5%
2023 figures too old to score
Structure
2024 accounts not filed, 454 days past the deadline5 of 8 deeds summarised
Signalsraises riskFigures for financial year 2023 (filed 05-10-2024)2 financial years not filed after the legal deadline; last filed accounts filed 66 days late; 3 of the last 3 lateSize: total assets €52,294Two or more financial years not filed2023 accounts filed 66 days latelowers riskEquity €39,825 (76.2% of total assets)Show the evidence

Bankruptcy probability

No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: High
Filing: At least two filing cycles are missing
Financial strength, FY 2023 · tick = 2022
Average
Solvency 100+34
equity 76.2% of total assets
Liquidity 42+18
short-term debt 23.8% · cash 0.8%
Profitability 32-46
return on assets 2.9%
Bankruptcy probability, 12 months
10.5% High
0%0.5%1.5%4%10%≥ 25%

About 1 in 9 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.7% (47,644 companies, NACE 43, micro)
Last 24 months 11-2024: 4.7% 12-2024: 4.7%● unchanged vs 11-2024 01-2025: 4.6%▼ -0.1 percentage points vs 12-2024 02-2025: 4.0%▼ -0.6 percentage points vs 01-2025lowest value 03-2025: 4.1%▲ +0.1 percentage points vs 02-2025 04-2025: 4.4%▲ +0.3 percentage points vs 03-2025 05-2025: 4.5%▲ +0.1 percentage points vs 04-2025 06-2025: 4.5%● unchanged vs 05-2025 07-2025: 4.7%▲ +0.2 percentage points vs 06-2025 08-2025: 5.8%▲ +1.1 percentage points vs 07-2025 09-2025: 6.5%▲ +0.7 percentage points vs 08-2025 10-2025: 9.9%▲ +3.4 percentage points vs 09-2025 11-2025: 5.1%▼ -4.8 percentage points vs 10-2025 12-2025: 6.0%▲ +0.9 percentage points vs 11-2025 01-2026: 8.6%▲ +2.6 percentage points vs 12-2025 02-2026: 8.6%● unchanged vs 01-2026 03-2026: 9.0%▲ +0.4 percentage points vs 02-2026 04-2026: 8.3%▼ -0.7 percentage points vs 03-2026 05-2026: 8.3%● unchanged vs 04-2026 06-2026: 8.2%▼ -0.1 percentage points vs 05-2026 07-2026: 8.2%● unchanged vs 06-2026 08-2026: 9.9%▲ +1.7 percentage points vs 07-2026 09-2026: 9.9%● unchanged vs 08-2026 10-2026: 10.5%▲ +0.6 percentage points vs 09-2026highest value
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Signals

Six signals.
lowers riskraises risk
raises risk · Figures for financial year 2023 (filed 05-10-2024)
NBB · annual accounts
raises risk · 2 financial years not filed after the legal deadline; last filed accounts filed 66 days late; 3 of the last 3 late
NBB · filings
raises risk · Size: total assets €52,294
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
lowers risk · Equity €39,825 (76.2% of total assets)
NBB · annual accounts
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 5 filings
Position against the passed deadline
31-12-2024 year end31-07-2025 deadline28-10-2026 today
raises risk · 2023 accounts filed 66 days late
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 05-10-2024, 66 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filings
Deviation from the deadline
2025
not filed
2024
not filed
2023
66 days late
2022
70 days late
2021
100 days late
2020
31 days late
2019
25 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 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 (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2023 · micro…
  2. Resignation: NEGRU lon (director)Appointment: LUCACEL Marius Catalin (director)…
  3. Resignations: Tuzlukov Vyacheslav, Tuzlukov Petar and…Director discharge

Financials · financial year 2023, micro format

2024 annual accounts not yet filed, deadline passed on 31 July 2025 Financial year closed on 31 December 2024; filing due at the latest 7 months after the close (Companies Code art. 3:10). 2 financial years without a filing since the last one filed. Source: NBB filings, as of 28 October 2026.

Equity
€39,825▲ 3.9%
2022 · €38,326
Total assets
€52,294▼ 44.3%
2022 · €93,890
Net result
€1,499▼ 78.9%
2022 · €7,090
Working capital
€38,756▲ 4.5%
2022 · €37,101
Trend over the years

2019 to 2023, 5 financial years

The operating result recovers in 2023; 2023 is 123% above 2022.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€19,869 2023 Net result€1,499 2023

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).

Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023
Operating result€2,856-€575▼ 79.9%€30,807▲ 54×€8,912▼ 71.1%€19,869▲ 123%
Net result€981-€267below the sector's middle half▼ 72.7%€23,788within the sector's middle half▲ 89×€7,090within the sector's middle half▼ 70.2%€1,499within the sector's middle half▼ 78.9%
Equity€7,181-€7,448below the sector's middle half▲ 3.7%€31,235within the sector's middle half▲ 319%€38,326within the sector's middle half▲ 22.7%€39,825within the sector's middle half▲ 3.9%
Total assets€151,505-€138,955within the sector's middle half▼ 8.3%€122,239within the sector's middle half▼ 12.0%€93,890within the sector's middle half▼ 23.2%€52,294below the sector's middle half▼ 44.3%
Debt€144,324-€131,507▼ 8.9%€91,003▼ 30.8%€55,565▼ 38.9%€12,469▼ 77.6%
Working capital€5,850-€6,500within the sector's middle half▲ 11.1%€29,699within the sector's middle half▲ 357%€37,101within the sector's middle half▲ 24.9%€38,756within the sector's middle half▲ 4.5%
Solvency4.7%-5.4%below the sector's middle half▲ 0.6pp25.6%within the sector's middle half▲ 20.2pp40.8%within the sector's middle half▲ 15.3pp76.2%above the sector's middle half▲ 35.3pp
Current ratio1.04-1.05below the sector's middle half▲ 0.011.33within the sector's middle half▲ 0.281.67within the sector's middle half▲ 0.344.11above the sector's middle half▲ 2.44
Return on assets (ROA)0.6%-0.2%below the sector's middle half▼ 0.5pp19.5%above the sector's middle half▲ 19.3pp7.6%within the sector's middle half▼ 11.9pp2.9%within the sector's middle half▼ 4.7pp
above within below 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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €52,294
Fixed assets €1,069 =
Current assets €51,225 ▼ 44.7%
Equity and liabilities €52,294
Equity €39,825 ▲ 3.9%
Debt €12,469 ▼ 77.6%
Debt's share of the balance-sheet total falls from 59.2% to 23.8%. Equity is higher and debt is lower.
Key figures and ratios
2023 value · change against 2022
EBITDA
€20,025▲
2022 · €9,223
Cash flow
€1,655▼
2022 · €7,402
Debt to equity
0.31▼
2022 · 1.45
ROE
3.8%▼
2022 · 18.5%
Interest coverage
1.13▼
2022 · 10.26
Debt ≤ 1 year
€12,469▼
2022 · €55,565
Income taxes
€670▼
2022 · €923
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2023 against 2022 · 35 lines
Balance sheet Code20222023
Assets
Total assets20/58€93,890€52,294▼
Formation expenses20€156-
Fixed assets21/28€1,069€1,069=
Financial fixed assets28€1,069€1,069=
Current assets29/58€92,666€51,225▼
Amounts receivable within one year40/41€89,011€50,048▼
Trade receivables40€58,075€44,031▼
Other amounts receivable41€30,936€6,016▼
Cash at bank and in hand54/58€3,655€425▼
Deferred charges and accrued income490/1-€752
Equity and liabilities
Total equity and liabilities10/49€93,890€52,294▼
Equity10/15€38,326€39,825▲
Contributions10/11€6,200€6,200=
Profit (loss) carried forward14€32,126€33,625▲
Amounts payable17/49€55,565€12,469▼
Amounts payable within one year42/48€55,565€12,469▼
Trade debts44€48,064€179▼
Suppliers440/4€48,064€179▼
Taxes, remuneration and social security45€7,501€2,430▼
Taxes450/3€7,501€2,430▼
Other amounts payable47/48-€9,860
Income statement Code20222023
Non-recurring operating income76A-€15
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€312€156▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€15,262
Other operating charges640/8€348€909▲
Gross operating margin9900€9,571€36,197▲
Operating profit (loss)9901€8,912€19,869▲
Financial charges65/66B€899€17,701▲
Recurring financial charges65€899€17,701▲
Profit (loss) for the period before taxes9903€8,013€2,169▼
Income taxes67/77€923€670▼
Profit (loss) for the period9904€7,090€1,499▼
Profit (loss) for the period to be appropriated9905€7,090€1,499▼
Appropriation of the result
Profit (loss) to be appropriated9906€32,126€33,625▲
Profit (loss) brought forward from the previous period14P€25,035€32,126▲

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20192020202120222023Change
Non-recurring operating income76A----€15-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€389€389€312€312€156▼ 50.0%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4----€15,262-
Other operating charges640/8--€1,212€348€909▲ 162%
Gross operating margin9900€3,984€1,127€32,331€9,571€36,197▲ 278%
Operating profit (loss)9901€2,856€575€30,807€8,912€19,869▲ 123%
Financial charges65/66B--€520€899€17,701▲ 20×
Recurring financial charges65€1,631€238€520€899€17,701▲ 20×
Profit (loss) for the period before taxes9903€1,226€337€30,288€8,013€2,169▼ 72.9%
Income taxes67/77€245€70€6,500€923€670▼ 27.4%
Profit (loss) for the period9904€981€267€23,788€7,090€1,499▼ 78.9%
Profit (loss) for the period to be appropriated9905€981€267€23,788€7,090€1,499▼ 78.9%
Line20192020202120222023Change
Assets
Total assets20/58€151,505€138,955€122,239€93,890€52,294▼ 44.3%
Formation expenses20€1,168€779€467€156--
Fixed assets21/28€169€169€1,069€1,069€1,069=
Financial fixed assets28€169€169€1,069€1,069€1,069=
Current assets29/58€150,167€138,007€120,703€92,666€51,225▼ 44.7%
Amounts receivable within one year40/41€147,297€137,936€108,585€89,011€50,048▼ 43.8%
Trade receivables40--€105,532€58,075€44,031▼ 24.2%
Other amounts receivable41--€3,053€30,936€6,016▼ 80.6%
Cash at bank and in hand54/58€2,870€71€12,117€3,655€425▼ 88.4%
Deferred charges and accrued income490/1----€752-
Equity and liabilities
Total equity and liabilities10/49€151,505€138,955€122,239€93,890€52,294▼ 44.3%
Equity10/15€7,181€7,448€31,235€38,326€39,825▲ 3.9%
Contributions10/11€6,200-€6,200€6,200€6,200=
Profit (loss) carried forward14€981€1,248€25,035€32,126€33,625▲ 4.7%
Amounts payable17/49€144,324€131,507€91,003€55,565€12,469▼ 77.6%
Amounts payable within one year42/48€144,317€131,507€91,003€55,565€12,469▼ 77.6%
Trade debts44€60,572€130,863€83,683€48,064€179▼ 99.6%
Suppliers440/4--€83,683€48,064€179▼ 99.6%
Taxes, remuneration and social security45--€7,321€7,501€2,430▼ 67.6%
Taxes450/3--€7,092€7,501€2,430▼ 67.6%
Remuneration and social security454/9--€229---
Other amounts payable47/48----€9,860-
Line20192020202120222023Change
Profit (loss) for the period9904€981€267€23,788€7,090€1,499▼ 78.9%
+ Depreciation and write-downs630€389€389€312€312€156▼ 50.0%
Operating cash flow (approximation)€1,370€657€24,099€7,402€1,655▼ 77.6%
Investment in fixed assets (approximation)--€389-€1,212-€312-€156▲ 50.0%
Change in cash--€2,799€12,046-€8,463-€3,229▲ 61.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference
31-12-2023 micro format 05-10-2024 2024-00494742
31-12-2022 micro format 09-10-2023 2023-00483109
31-12-2021 micro format 08-11-2022 2022-20521442
31-12-2020 micro format 31-08-2021 2021-63200347
31-12-2019 micro format 25-08-2020 2020-44300387

Similar companies · same sector, comparable size

Of the 15,130 active companies whose main activity is other specialised construction activities (NACE 43990), figures are known for 7,432. 5,926 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 2024
NEGRU Ion
Director (not named in the articles) · since 18-12-2023
Current
LUCACEL Marius Catalin
Director · since 30-06-2024
Current
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
3 of this company's 8 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

6 people since 2020, 2 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
NEGRU Ion
  • Manager (not named in the articles), until 18-12-2023
  • Director (not named in the articles), from 18-12-2023 to date
LUCACEL Marius Catalin
  • Director, from 30-06-2024 to date
NEGRU lon
  • Director, until 21-08-2024
Deliu Denis
  • Director, until 30-09-2023
  • Director, until 30-09-2023
Tuzlukov Petar
  • Director, until 21-02-2021
  • Director, until 21-02-2021
  • Director, until 26-10-2022
Tuzlukov Vyacheslav
  • Director, until 30-09-2020
  • Director, until 30-09-2020
  • Director, until 26-10-2022
See the board, name and registered office on a given date →

The directors' other companies

1 current director with another company that went bankrupt, was dissolved or struck off

1 other company of this director was struck off by the FPS Economy (2024).

Source: Belgian Official Gazette (bankruptcies, judicial dissolutions, board mandates), FPS Economy (strike-offs) and the KBO register. A bankruptcy, dissolution or strike-off says nothing about the director's part in it. Only boards we have read from the Gazette; other companies may still be missing.

Owners and capital

Capital and shareholders

Shareholders according to the deeds
Stated in the act act of 18-12-2023 ↗
  • NEGRU Ion 1,852 shares
  • HAIDAMAC Traian 2 shares
  • LEUCA Petru 2 shares
  • MANOLIU Marian-Ionut 2 shares
  • VORNICU Cosmin Stefan 2 shares

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 18-12-2023 Converted to unavailable equity · €6,200

Group and network

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
NEVA
via NEGRU Ion · Director (not named in the articles)
→

History

On 29 October 2018, NEM CONSTRUCT was incorporated.1 In 2023 the registered office moved to Bruxelles.2 Total assets went from €151,505 in 2019 to €52,294 in 2023.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 12-10-2023
  3. 3National Bank, annual accounts 2019 and 2023

Acts, filings and financial milestones

2024
05-10
NBB filing Annual accounts filed
financial year 2023 · micro format · 66 days late
21-08
Gazette deed Resignation: NEGRU lon (director)
Appointment: LUCACEL Marius Catalin (director) · Director discharge5 facts ▸
  • General meeting, 30-06-2024
  • Director resignation, NEGRU lon (director)
  • Director discharge, NEGRU lon (mandat d'administrateur)
  • Other provision, 30-06-2024, “qualité d'actionnaire” (deed in French)
  • Director appointment, LUCACEL Marius Catalin (director)
15-02
Gazette deed Resignations: Tuzlukov Vyacheslav, Tuzlukov Petar and Deliu Denis
Director discharge7 facts ▸
  • General meeting, 11-12-2023
  • Director resignation, Tuzlukov Vyacheslav (director)
  • Director discharge, Tuzlukov Vyacheslav (director)
  • Director resignation, Tuzlukov Petar (director)
  • Director discharge, Tuzlukov Petar (director)
  • Director resignation, Deliu Denis (director)
  • Director discharge, Deliu Denis (director)
2023
31-12
Financial Liquidity more than doubledcurrent ratio 4.11
Current ratio from 1.67 to 4.11; short-term debt falls from €55,565 to €12,469.
19-12
Gazette deed Resignations: Tuzlukov,Petar (director) and Tuzlukov,Vyacheslav (director)
3 facts ▸
  • Director resignation, Tuzlukov,Petar (director)
  • Other provision, “droit de publier lui-même la fin de mandat, révocation/fin de mandat” (deed in French) (2 times)
  • Director resignation, Tuzlukov,Vyacheslav (director)
18-12
Gazette deed Resignations: NEGRU Ion, TUZLUKOV Petar and 2 others
Appointment: NEGRU Ion (director) · Declaration · Shareholding28 facts ▸
  • General meeting, 13-12-2023
  • Other provision, “comparant 1, comparution” (deed in French)
  • Other provision, “comparant 2, comparution” (deed in French)
  • Other provision, “comparant 3, comparution” (deed in French)
  • Other provision, “comparant 4, comparution” (deed in French)
  • Other provision, “comparant 5, comparution” (deed in French)
  • Other provision, 11-12-2023
  • Other provision, “mention conjoint, épouse” (deed in French) (2 times)
  • Declaration, “capacité, chaque comparant” (deed in French)
  • Other provision, “bureau_assemblée, comptable” (deed in French)
  • Shareholding, 13-12-2023, 1852
  • Shareholding, 13-12-2023, 2 (4 times)
  • +16 further facts in this act
12-10
Gazette deed Registered office
Registered-office move2 facts ▸
  • General meeting, 13-09-2023
  • Registered-office move, Rue du Grand-Bigard 14 à 1082 Bruxelles
09-10
NBB filing Annual accounts filed
financial year 2022 · micro format · 70 days late
2022
08-11
NBB filing Annual accounts filed
financial year 2021 · micro format · 100 days late
2021
31-12
Financial Highest result from 2019 to 2023net €23,788 ▲8,802%
Operating result €30,807, net result €23,788, both a record.
31-08
NBB filing Annual accounts filed
financial year 2020 · micro format · 31 days late
2020
31-12
Financial Weakest financial yearnet €267 ▼72.7%
Net result drops to €267, the lowest in the series; recovery starts the following year.
25-08
NBB filing Annual accounts filed
financial year 2019 · micro format · 25 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
5 of 8 deeds read
About the unread acts

Of the 8 Belgian Official Gazette deeds we know for this company, 5 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded29-10-2018
Financial year end31-12
Activities, NACEBEL 2025
43990Other specialised construction activities
43110Demolition
46190Agents in non-specialised wholesale trade
71113Urban planning and landscape architecture
81210General cleaning of buildings
82990Other business support services
Contact
E-mail nemconstrucscrl@gmail.comSint-Agatha-Berchem
E-invoicing
Reachable via Peppol
Peppol ID 0208:0712647221

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 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 0712.647.221

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-Agatha-Berchem · 1 establishment unit since 2019
registered office establishment The establishment unit on the map
Ground area
290 m²
Building footprint
293 m²
Building volume
2,049 m³
Parcel 21342B0043/00F003, Brussels · tallest building 10.6 m. Linked by address, not a title deed.
303 companies at this address See who is registered here
1 establishment unit
NEM CONSTRUCT
Groot-Bijgaardenstraat 14, 1082 Sint-Agatha-BerchemManufacture of other builders' carpentry and joinery
since 2019unit no. 2.298.129.344
1 parcel
Brussels 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
21342B0043/00F003 Brussels 290 m² 1 · 293 m² 10.6 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

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.
NEM CONSTRUCT
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
One provision in the deed

deed of 18-12-2023

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Un ou plusieurs administrateurs, avec ou sans limitation” (deed in French)
“Frais représentation voyages déplacements en sus, rémunération des administrateurs” (deed in French)

deed of 18-12-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Nominatives, registre des actions nominatives” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Valeur intrinsèque sur base dernier compte annuel approuvé, usufruit, nue-propriété, pleine propriété” (deed in French)
Share issue ruleHow and by whom new shares can be issued.
“Organe qui procède à l'émission, courrier électronique” (deed in French)

deed of 18-12-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Fourth Tuesday of May at 15:00

deed of 18-12-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Décision assemblée générale délibérant formes modifications aux statuts, en tout temps” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Dissolution pour quelque cause et à quelque moment, désigner un ou plusieurs liquidateurs déterminer pouvoirs et émoluments” (deed in French)

deed of 18-12-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Compte de capitaux propres statutairement indisponible, 6200” (deed in French)
Other provision: “Besoins de la société, appels de fonds” (deed in French)
Other provision: “Un ou plusieurs commissaires, contrôle de la société” (deed in French)
Other provision: “Administrateur ou défaut actionnaire présent détenant plus d’actions,à parité plus âgé, séances procès-verbaux” (deed in French)
Other provision: “Tout actionnaire à toute personne actionnaire ou non par tout moyen procuration écrite, délibérations” (deed in French)
Other provision: “Répartition réserves acompte sur dividende, chaque action droit égal” (deed in French)
Liquidation distribution: “Actif net réparti entre actionnaires en proportion actions biens conservés remis même proportion, si actions non entièrement libérées appels…” (deed in French)
Other provision: “Élection de domicile, actionnaire administrateur commissaire liquidateur porteur obligations domicilié étranger” (deed in French)
Other provision: “Tribunaux du siège compétence exclusive, compétence judiciaire” (deed in French)
Other provision: “Droit commun, dispositions code auxquelles non licitement dérogé réputées inscrites” (deed in French)
3 more provisions in the deed, see the deed of 18-12-2023

deed of 18-12-2023