PROCOVIAN
ActiveSummary
PROCOVIAN has been active since 1981 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,545 and a net result of -€2,922. Equity remains stable across the filed financial years (±0.5% per year). Its solvency ranks better than 76% of 3,695 sector peers (NACE 01, financial year 2025). The computed 12-month bankruptcy probability is 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.
- PROCOVIAN
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, sièges administratifs, d’exploitation, agences et succursales, tant en Belgique qu’à l’étranger par simple décision de…” (deed in French)
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.
- “Avec ou sans limitation durée,qualité administrateur statutaire possible si nommés dans statuts, un ou plusieurs administrateurs,personnes…” (deed in French)“Frais généraux,indépendamment frais représentation,voyages,déplacements, assemblée à majorité absolue ou actionnaire unique détermine…” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- One provision in the deed
- Share issue ruleHow and by whom new shares can be issued.
- “Conditions article 11 pour devenir actionnaire, actionnaires existants et tiers répondant aux conditions” (deed in French)
- Membership ruleWho can become a member or partner, and on what terms.
- “Personne physique ou morale,exercer activité économique sur plan agriculture,souscrire services société sur plan agriculture,adhérer aux…” (deed in French)“Peut refuser moyennant motivation,sans recours, agrément organe d'administration” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Prévues pour les modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Faculté de l’assemblée générale de désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, dissolution pour quelque…” (deed in French)