Novadia
ActiveSummary
The computed 12-month bankruptcy probability of Novadia is 2.5% (moderate). The 2024 annual accounts show negative equity (-€38.0m) and a net result of -€8.5m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 689 sector peers (NACE 87, financial year 2024). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.
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.
- Novadia
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région bruxelloise” (deed in French)
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.
- “Conseil d'administration, reste en fonction si nombre inférieur au minimum légal jusqu'au remplacement par l'assemblée générale ou le…” (deed in French)“Présidence, présidence assurée par l'administrateur désigné par le conseil parmi les administrateurs présents en cas d'absence de nomination…” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, le cas échéant pourvues d'un numéro d'ordre” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps, dissoute dans les cas prévus par la loi” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Tous les pouvoirs prévus à l'article 2:87 du Code des sociétés et des associations sans autorisation spéciale, assemblée générale peut…” (deed in French)