PALANGE
ActiveSummary
PALANGE has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €810,982 and a net result of €112,856. Equity is growing by about 5.2% per year across the filed financial years. Its solvency ranks better than 88% of 523 sector peers (NACE 42, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L’entreprise de construction, de réfection et d’entretien des routes; L’entreprise de terrassement; De travaux d’égouts; D’aménagement de…” (deed in French)
8 activities (deed in French)
- L’entreprise de construction, de réfection et d’entretien des routes
- L’entreprise de terrassement
- De travaux d’égouts
- D’aménagement de plaines de jeux et de sports
- De parcs et de jardins
- De travaux de drainage
- L’entreprise de captage, de purification et de distribution de l’eau
- Le commerce de détail en matériaux de construction
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PALANGE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs administrateurs, personnes physiques ou morales, actionnaires ou non” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “3086, droit égal dans la répartition des bénéfices” (deed in French)1 more provision on this in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Moitié cédant moitié acquéreurs, proportionnellement si plusieurs, mêmes formalités si non actionnaires de plein droit” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Tuesday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, assemblée générale” (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)