PLH 3

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.

PLH 3

Registered office clauseThe region of the registered office; it decides among other things the language of official documents.

“Région wallonne, sièges administratifs,agences,succursales Belgique et étranger par simple décision organe d’administration” (deed in French)

deed of 28-12-2023

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.

“Assemblée qui nomme fixe nombre, durée de mandat et en cas de pluralité pouvoirs, personnes physiques ou morales, actionnaires ou non” (deed in French)

“Mandat d'administrateur rémunéré ou gratuit, assemblée générale” (deed in French)

deed of 28-12-2023

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.

“Inopposabilité à société et tiers, cédant” (deed in French)

deed of 28-12-2023

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

deed of 28-12-2023

Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.

One provision in the deed

deed of 01-07-2026

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Responsabilités, significatives” (deed in French)

3 more provisions in the deed, see the deed of 01-07-2026

deed of 01-07-2026

Liquidation distribution: “Solde réparti également entre toutes les actions, si toutes actions ne sont pas libérées dans égale proportion rétablir équilibre avant…” (deed in French)

deed of 28-12-2023