Summary
The computed 12-month bankruptcy probability of PAINDC is 2.3% (moderate). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. No annual accounts have been filed with the National Bank.
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.
- PAIN DC
- Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
- One provision in the deed
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Place Adolphe Dupont,11,1480 Tubize” (deed in French)1 more provision on this in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 13. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Un ou plusieurs administrateurs, personnes physiques ou morales,actionnaires ou non” (deed in French)“Frais généraux plus frais représentation/voyages/déplacements, fixe ou proportionnelle” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, actions” (deed in French)“Nominatifs, titres autres que actions” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs au prorata, mêmes formalités si non actionnaires de plein droit” (deed in French)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 July to 30 June
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of November at 14:00
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “En tout temps par décision assemblée générale délibérant formes prévues modifications statuts” (deed in French)1 more provision on this in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Administrateurs en fonction désignés liquidateurs si aucun autre désigné, peut désigner un ou plusieurs liquidateurs et déterminer pouvoirs…” (deed in French)