OJP Construct
ActiveSummary
OJP Construct has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.8m and a net result of €2.3m. Equity is growing by about 36% per year across the filed financial years. Its solvency ranks better than 70% of 1,028 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Staff
- 20.8 FTE
- Equity
- €5.8m
- Profit
- €2.3m
- Holdings
- 1
- DA SILVA OLIVEIRA Paulo AdolfoDirector
- PINTO DE OLIVEIRA Jorge EmanuelDirector
Why 95raises risk1 change of registered office in 24 monthslowers riskLiquidity: current ratio 2.02, cash €3.6mFigures for financial year 2025 (filed 01-09-2026)Size: turnover €20.4m, 20.8 FTE, total assets €11.1mShow the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 41, small): better than 73% on solvency, 89% on liquidity, 93% on profitability and 92% on growth.
The bankruptcy probability was computed on 30-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 27 days before the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Highest result from 2018 to 2025net €2.3m ▲75.8%
- Equity above €5mequity €5.8m ▲64.9%
Financials · financial year 2025, full format
2025 annual accounts filed late (28 days) Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00478263.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has risen four years in a row; 2025 is 73% above 2024 and is the highest 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.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: 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), Staff (FTE).
Peer companies
Historical observationOf the 17,811 companies that looked in July 2024 the way this one looks now, 0.3% went bankrupt within 24 months and 96.5% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,811 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | - | - | - | - | €20.4m | - |
| Turnover70 | - | - | - | - | - | - | - | €20.4m | - |
| Other operating income74 | - | - | - | - | - | - | - | €0.01m | - |
| Operating charges60/66A | - | - | - | - | - | - | - | €17.4m | - |
| Goods for resale, raw materials and consumables60 | - | - | - | - | - | - | - | €15.6m | - |
| Purchases600/8 | - | - | - | - | - | - | - | €15.6m | - |
| Services and other goods61 | - | - | - | - | - | - | - | €0.8m | - |
| Remuneration, social security and pensions62 | - | - | - | €0.09m | €0.1m | €0.7m | €0.9m | €1.3m | ▲ 35.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | - | €0.01m | €0.03m | €0.06m | ▲ 82.4% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | - | - | €0.7m | -€0.4m | - |
| Other operating charges640/8 | - | - | - | €0.002m | €0.003m | €0.007m | €0.06m | €0.01m | ▼ 78.9% |
| Gross operating margin9900 | €0.4m | €0.2m | €0.4m | €0.4m | €0.5m | €1.6m | €3.5m | - | - |
| Operating profit (loss)9901 | €0.3m | €0.1m | €0.4m | €0.3m | €0.4m | €0.9m | €1.7m | €3.0m | ▲ 73.2% |
| Financial income75/76B | - | - | - | - | €20 | €54 | €1 | €0.02m | ▲ 31,813× |
| Recurring financial income75 | - | €445 | €120 | - | €20 | €54 | €1 | €0.02m | ▲ 31,813× |
| Other financial income752/9 | - | - | - | - | - | - | - | €0.02m | - |
| Financial charges65/66B | - | - | - | €0.001m | €0.002m | €0.002m | €0.005m | €0.02m | ▲ 227% |
| Recurring financial charges65 | €239 | €0.001m | €0.001m | €0.001m | €0.002m | €0.002m | €0.005m | €0.02m | ▲ 227% |
| Other financial charges652/9 | - | - | - | - | - | - | - | €0.02m | - |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.1m | €0.4m | €0.3m | €0.4m | €0.9m | €1.7m | €3.0m | ▲ 74.0% |
| Income taxes67/77 | €0.1m | €0.04m | €0.09m | €0.08m | €0.1m | €0.2m | €0.5m | €0.8m | ▲ 69.0% |
| Taxes670/3 | - | - | - | - | - | - | - | €0.8m | - |
| Profit (loss) for the period9904 | €0.2m | €0.07m | €0.3m | €0.2m | €0.3m | €0.7m | €1.3m | €2.3m | ▲ 75.8% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.07m | €0.3m | €0.2m | €0.3m | €0.7m | €1.3m | €2.3m | ▲ 75.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €2.8m | €3.5m | €3.5m | €4.2m | €3.7m | €5.5m | €8.0m | €11.1m | ▲ 39.8% |
| Fixed assets21/28 | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.5m | €0.6m | €1.0m | ▲ 59.2% |
| Tangible fixed assets22/27 | - | - | - | - | - | €0.5m | €0.6m | €0.7m | ▲ 19.5% |
| Land and buildings22 | - | - | - | - | - | €0.4m | €0.4m | €0.3m | ▼ 3.2% |
| Furniture and vehicles24 | - | - | - | - | - | €0.02m | €0.05m | €0.07m | ▲ 36.8% |
| Other tangible fixed assets26 | - | - | - | - | - | €0.07m | €0.2m | €0.3m | ▲ 64.1% |
| Financial fixed assets28 | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | €0.3m | ▲ 640% |
| Affiliated companies280/1 | - | - | - | - | - | - | - | €0.3m | - |
| Participating interests280 | - | - | - | - | - | - | - | €0.3m | - |
| Current assets29/58 | €2.8m | €3.5m | €3.5m | €4.2m | €3.6m | €5.1m | €7.4m | €10.2m | ▲ 38.2% |
| Amounts receivable after more than one year29 | - | - | - | - | - | - | - | €0.4m | - |
| Other amounts receivable291 | - | - | - | - | - | - | - | €0.4m | - |
| Amounts receivable within one year40/41 | €2.4m | €2.7m | €3.2m | €3.1m | €2.7m | €4.0m | €5.0m | €6.1m | ▲ 21.0% |
| Trade receivables40 | - | - | - | €3.1m | €2.7m | €4.0m | €5.0m | €6.0m | ▲ 20.2% |
| Other amounts receivable41 | - | - | - | €0.002m | €0.005m | €0.007m | €0.01m | €0.05m | ▲ 408% |
| Cash at bank and in hand54/58 | €0.4m | €0.8m | €0.2m | €1.1m | €0.9m | €1.0m | €2.3m | €3.6m | ▲ 58.7% |
| Deferred charges and accrued income490/1 | - | - | - | €0.004m | €0.004m | €0.05m | €0.04m | €0.05m | ▲ 35.4% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €2.8m | €3.5m | €3.5m | €4.2m | €3.7m | €5.5m | €8.0m | €11.1m | ▲ 39.8% |
| Equity10/15 | €0.6m | €0.7m | €1.0m | €1.2m | €1.5m | €2.2m | €3.5m | €5.8m | ▲ 64.9% |
| Contributions10/11 | €0.007m | €0.007m | - | €0.007m | €0.007m | €0.007m | €0.007m | €0.007m | = |
| Reserves13 | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | €0.002m | = |
| Non-distributable reserves130/1 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | - | - |
| Reserves not available under the articles1311 | - | - | - | €0.002m | €0.002m | €0.002m | €0.002m | - | - |
| Distributable reserves133 | - | - | - | - | - | - | - | €0.002m | - |
| Profit (loss) carried forward14 | €0.6m | €0.7m | €1.0m | €1.2m | €1.5m | €2.2m | €3.5m | €5.7m | ▲ 65.1% |
| Provisions and deferred taxes16 | - | - | - | - | - | - | €0.7m | €0.4m | ▼ 50.0% |
| Provisions for liabilities and charges160/5 | - | - | - | - | - | - | €0.7m | €0.4m | ▼ 50.0% |
| Other liabilities and charges164/5 | - | - | - | - | - | - | €0.7m | €0.4m | ▼ 50.0% |
| Amounts payable17/49 | €2.2m | €2.8m | €2.5m | €3.0m | €2.2m | €3.3m | €3.8m | €5.0m | ▲ 33.3% |
| Amounts payable after more than one year17 | - | - | - | - | €0.03m | - | - | - | - |
| Financial debts170/4 | - | - | - | - | €0.03m | - | - | - | - |
| Amounts payable within one year42/48 | €2.2m | €2.8m | €2.5m | €3.0m | €2.1m | €3.3m | €3.8m | €5.0m | ▲ 33.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | €0.03m | €0.08m | €0.3m | ▲ 199% |
| Trade debts44 | €2.0m | €2.6m | €2.4m | €2.9m | €2.1m | €3.1m | €3.3m | €4.4m | ▲ 35.3% |
| Suppliers440/4 | - | - | - | €2.9m | €2.1m | €3.1m | €3.3m | €4.4m | ▲ 35.3% |
| Taxes, remuneration and social security45 | - | - | - | €0.03m | €0.06m | €0.2m | €0.4m | €0.4m | ▼ 15.8% |
| Taxes450/3 | - | - | - | €0.02m | €0.05m | €0.2m | €0.4m | €0.2m | ▼ 38.1% |
| Remuneration and social security454/9 | - | - | - | €0.01m | €0.01m | €0.05m | €0.07m | €0.1m | ▲ 101% |
| Other amounts payable47/48 | - | - | - | €0.004m | €0.005m | €0.005m | €0.005m | €0.008m | ▲ 64.1% |
| Accrued charges and deferred income492/3 | - | - | - | €0.04m | - | €305 | €0.005m | €0.009m | ▲ 67.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.2m | €0.07m | €0.3m | €0.2m | €0.3m | €0.7m | €1.3m | €2.3m | ▲ 75.8% |
| + Depreciation and write-downs630 | - | - | - | - | - | €0.01m | €0.03m | €0.06m | ▲ 82.4% |
| Operating cash flow (approximation) | €0.2m | €0.07m | €0.3m | €0.2m | €0.3m | €0.7m | €1.3m | €2.3m | ▲ 76.0% |
| Investment in fixed assets (approximation) | - | - | -€0.003m | €0 | €0 | -€0.5m | -€0.2m | -€0.4m | ▼ 166% |
| Change in cash | - | €0.4m | -€0.6m | €0.8m | -€0.1m | €0.06m | €1.3m | €1.3m | ▲ 4.8% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 28-08-2026 | 2026-00478263 |
| 31-12-2024 | full format | 19-05-2025 | 2025-00099480 |
| 31-12-2023 | full format | 28-06-2024 | 2024-00197285 |
| 31-12-2022 | full format | 30-06-2023 | 2023-00190124 |
| 31-12-2021 | full format | 13-06-2022 | 2022-20062208 |
| 31-12-2020 | full format | 11-06-2021 | 2021-19500476 |
| 31-12-2019 | full format | 17-08-2020 | 2020-41600166 |
| 31-12-2018 | full format | 01-07-2019 | 2019-26100518 |
| 31-12-2017 | full format | 20-07-2018 | 2018-35600102 |
| 31-12-2016 | full format | 31-08-2017 | 2017-59800430 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| DA SILVA OLIVEIRA Paulo Adolfo |
|
| PINTO DE OLIVEIRA Jorge Emanuel |
|
| Tiago Flores |
|
Owners and capital
Owners
2 ownersOwners 2
- Jorge Emanuel PINTO DE OLIVEIRAnatural personSourceown accounts 202550%
- Paulo DA SILVA OLIVEIRAnatural personSourceown accounts 202550%
According to the 2025 annual accounts of OJP Construct and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 23-01-2025 Converted to available equity
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
- OJP Fleet ManagementsubsidiaryEquity €226,596Result -€23,404100%
According to the 2025 annual accounts of OJP Construct and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
23-01
Gazette deed
Resignations: DA SILVA OLIVEIRA Paulo Adolfo (director) and PINTO DE OLIVEIRA Jorge Emanuel (director)Appointments: DA SILVA OLIVEIRA Paulo Adolfo (director) and PINTO DE OLIVEIRA Jorge Emanuel (director) · Permanent representative: PINTO DE OLIVEIRA Jorge Emanuel · Amendment of the articles10 facts ▸
- General meeting, 17-01-2025
- Amendment of the articles (2 times)
- Capital conversion, “beschikbaar voor uitkering” (deed in Dutch)
- Registered-office move, 1933 Sterrebeek, Tramlaan 9-A
- Capital
- Director resignation, DA SILVA OLIVEIRA Paulo Adolfo (director)
- Director resignation, PINTO DE OLIVEIRA Jorge Emanuel (director)
- Director appointment, DA SILVA OLIVEIRA Paulo Adolfo (director)
- Director appointment, PINTO DE OLIVEIRA Jorge Emanuel (director)
- Permanent representative, PINTO DE OLIVEIRA Jorge Emanuel
12-02
Gazette deed
Appointment: Tiago Flores (responsable de la gestion journalière)2 facts ▸
- General meeting, 19-01-2024
- Director appointment, Tiago Flores (responsable de la gestion journalière)
Show earlier events
About the unread acts
Of the 5 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 31 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 0630.848.705
Recognitions · licences · registrations
Recognised contractor
1 category- D1 All shell construction and roofing-in of buildingsclass 5, up to €2,172,000
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
2 parcels
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23082B0344/00C017 | Flanders | 1,682 m² | 1 · 928 m² | 33.4 m |
| 24055A0005/00E010 | Flanders | 635 m² | 1 · 105 m² | 9.8 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De algemene bouwaanneming, metselwerk, het leggen van funderingen, het ijzerwerk in gebouwen, metalen constructies, algemeen schrijnwerk…” (deed in Dutch)
15 activities (deed in Dutch)
- De algemene bouwaanneming, metselwerk, het leggen van funderingen, het ijzerwerk in gebouwen, metalen constructies, algemeen schrijnwerk, binnen- en buitenschrijnwerk, in metaal en plastic, de ruwbouw, algemene loodgieterij, afbraakwerken, bouwwerken, herstellingswerken, verbouwingen, renovaties, afbouwwerken, afwerkingen, en onderhoud van alle onroerend en roerend goed
- Het plaatsen en wegnemen van steigers en werkplatformen
- Het schoonmaken, onderhouden, ontsmetten van huizen en lokalen, al dan niet gebruikt voor beroepsdoeleinden, al dan niet bemeubeld
- Alle werken voor gevelreiniging, via alle mogelijke procedés
- Alle voegwerken
- Het installeren, plaatsen, onderhouden van elk verwarmings-, airconditioning- en ventilatiesysteem ;het kopen en verkopen van deze systemen en wisselstukken daarvan
- Alle werken in verband van elektriciteit
- Alle isolatiewerken, plaatsen van chapes, plafonneringen, pleisterwerken, het plaatsen van al dan niet wegneembare panelen, valse plafonds
- Alle elektriciteitswerken
- Alle schrijnwerk, algemeen of speciaal, het maken en plaatsen van wandkasten, keuken- en badkamermeubilair
- Alle tegelwerken, het plaatsen van alle mogelijke bekleding, (hout, kamerbreed tapijt, en linoleum, ook in rubber of kunststof)
- Alle glaswerken, en binnen- en buitenschilderwerk
- De aankoop en verkoop, import en export en het verhandelen in het algemeen van alle materialen of bouwstoffen
- De renovatie van gebouwen in het algemeen
- De aankoop, verkoop, uitbating, verhuur van onroerend(e) goed(eren)
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams 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.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Hij kan bijzondere machten toekennen aan elke mandataris., Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als…” (deed in Dutch)“Deze wordt geboekt op de algemene kosten, los van eventuele representatie-, reis- en verplaatsingskosten., Indien het mandaat van de…” (deed in Dutch)“Het bestuursorgaan bepaalt of zij alleen, dan wel gezamenlijk optreden., De gedelegeerden voor het dagelijks bestuur kunnen in het kader van…” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, De aandeelhouders mogen kennis nemen van dit register betreffende hun effecten.” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “De bepalingen van dit artikel zijn van toepassing op elke overdracht onder levenden, zowel ten bezwarende titel als ten kosteloze titel…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Aandelen moeten bij hun uitgifte worden volgestort behoudens andersluidende beslissing., In geval van een enige aandeelhouder-bestuurder…” (deed in Dutch)“Werd dit recht niet geheel uitgeoefend, dan worden de overblijvende aandelen overeenkomstig de vorige leden eerst aangeboden aan de andere…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 18:00
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “3, Wanneer het door de wet vereist is en binnen de wettelijke grenzen, wordt het toezicht op de vennootschap toevertrouwd aan één of…” (deed in Dutch)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering, vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar benoemd, bestuurder(s) in functie” (deed in Dutch)