PADO
ActiveThe file of PADO contains 3 historical bankruptcy publications, as published in the Belgian Official Gazette.
Summary
The computed 12-month bankruptcy probability is 5.2% (elevated). The 2024 annual accounts show negative equity (-€73,382) and a net result of -€78,836. Equity is shrinking by about 27% per year across the filed financial years. Its solvency ranks better than 13% of 577 sector peers (NACE 96, financial year 2024).
Articles of association
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, assemblée qui nomme fixe nombre, durée et, en cas de pluralité, pouvoirs” (deed in French)“Indépendamment des frais de représentation, voyages et déplacements, assemblée générale à majorité absolue des voix ou actionnaire unique…” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives avec mentions requises par le Code des sociétés et des associations” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Tout temps par assemblée générale dans formes des modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)