PRECISION CUTTING SYSTEMS
ActiveSummary
PRECISION CUTTING SYSTEMS has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €496,190 and a net result of €6,085. Equity is growing by about 16% per year across the filed financial years. Its solvency ranks better than 36% of 11,120 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
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.
- PRECISION CUTTING SYSTEMS
- 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
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly, or a managing director alone
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Fourth Friday of March at 16:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beraadslaagt zoals inzake statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, bestuursorgaan in functie als college van vereffenaars bij gebrek aan benoeming” (deed in Dutch)“Vereffenaars, alle verrichtingen vermeld in wet” (deed in Dutch)