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NORTHINITY

Active
Private limited companyfounded 2018active for 7 yearsKaalbergstraat 10, 9310 Aalst, BelgiumKBO/BCE: BE 0715.431.319
Summary

The annual accounts of NORTHINITY for financial year 2025 show a net loss of 74% of total assets. The 2025 annual accounts show equity of €21,321 and a net result of -€17,439. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 91% of 3,375 sector peers (NACE 62, financial year 2025). The company has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).

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NORTHINITYActiveChecked score 55/100
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Articles of association

What the company does

Name clauseThe name the company operates under according to its articles.
NORTHINITY
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest” (deed in Dutch)

deed of 08-01-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur, bestuursorgaan” (deed in Dutch)
Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
One provision in the deed

deed of 08-01-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Third Thursday of June at 19:00

deed of 08-01-2024

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

Other provision: “Netto-actief test, liquiditeitstest” (deed in Dutch)
Other provision: “Dagelijks bestuur, alleen of gezamenlijk zoals bestuursorgaan bepaalt” (deed in Dutch)
Other provision: “Toegang tot algemene vergadering, rechten verbonden aan effecten niet geschorst” (deed in Dutch)
Other provision: “Stemrecht, wettelijke en statutaire bepalingen betreffende aandelen zonder stemrecht” (deed in Dutch)
Other provision: “Alleen beslissen over voorstellen opgenomen in agenda, agenda” (deed in Dutch)
Other provision: “Besluiten bij meerderheid van stemmen ongeacht aantal vertegenwoordigde effecten, meerderheid” (deed in Dutch)
Other provision: “Elk aandeel recht op gelijk aandeel in winstverdeling, bestemming van de winst-reserves” (deed in Dutch)
Liquidation distribution: “Verdeling van het netto-actief, goederen nog in natura op zelfde wijze verdeeld” (deed in Dutch)
2 more provisions in the deed, see the deed of 08-01-2024

deed of 08-01-2024

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