Summary
PRECOMASS has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (very low). No annual accounts have been filed with the National Bank; this conclusion rests only on the KBO register and the Belgian Official Gazette.
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.
- PRECOMASS
- Legal form clauseThe legal form, such as BV, NV or CV, which decides which company-law rules apply.
- “Besloten vennootschap” (deed in Dutch)
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “dienstig zijn tot verwezenlijking van het voorwerp van de vennootschap, met uitzondering uiteraard van die handelingen waarvoor volgens de…”
- Daily managementWho may handle the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “1, bezoldigd, behoudens andersluidende beslissing van de algemene vergadering” (deed in Dutch)
- Board powersWhat the board may decide; in principle everything not reserved to the general meeting.
- “Alle handelingen verrichten die nodig of dienstig zijn tot verwezenlijking van het voorwerp van de vennootschap, handelingen waarvoor…” (deed in Dutch)
Capital, shares and profit
- Share classWhich classes of shares exist and what rights each class carries.
- “Ieder aandeel geeft een gelijk recht in de winstverdeling en in het vereffeningsaldo, 500” (deed in Dutch)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Te bestemmen winst zoals bepaald door het geldend boekhoudrecht, algemene vergadering” (deed in Dutch)
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.
- Last Saturday of December at 15:00
- Proxy ruleWhether a shareholder may be represented at the meeting by someone else.
- One provision in the deed
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “1” (deed in Dutch)
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.
- “Op elk moment, met inachtneming van de vereisten voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurders in functie op het tijdstip van de ontbinding, algemene vergadering te allen tijde bij gewone meerderheid” (deed in Dutch)