Summary
POLYTY has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low). 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.
- POLYTYVoorafgegaan of gevolgd door vermelding
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Bijlagen tot het Belgisch Staatsblad” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde duur, een of meerdere zaakvoerders” (deed in Dutch)“Niet onder gezag van vennootschap, alleen uitdrukkelijk en mits geschreven arbeidsovereenkomst” (deed in Dutch)“Desbetreffende notulen en publicaties, buitengewone (statutenwijzigende) algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Behoudens andersluidende of meer specifieke bepalingen in door alle vennoten aanvaarde aandeelhoudersovereenkomst, van rechtswege plaats…” (deed in Dutch)“Marktwaarde op datum vereffening of faillissement, vereffenaar of curator gaat over tot overdracht aandelen” (deed in Dutch)2 more provisions on this in the deed
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 July to 30 June
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Situaties en meerderheid zoals bepaald door artikel 4:16 WVV, artikel 12 voor overdracht bij overlijden vereffening faillissement” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Artikel 2:87 tot en met 2:92 WVV zonder voorafgaande machtiging algemene vergadering, meerdere vereffenaars beslissen en treden op als…” (deed in Dutch)