PROJECT 86
ActiveSummary
PROJECT 86 has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.6m and a net result of -€718,422. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 47% of 2,070 sector peers (NACE 73, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (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.
- PROJECT 86
- 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.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Één of meerdere bestuurders, bestuursorgaan” (deed in Dutch)“Indien raad van bestuur benoemd en plaats openvalt vóór einde mandaat,overblijvende bestuurders mogen coöpteren overeenkomstig artikel 5:71…” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdracht onder de levenden bij meer dan één aandeelhouder, nietigheid” (deed in Dutch)“Niet van rechtswege ontbonden,overgang op erfgenamen,legatarissen of rechtverkrijgenden;indien tevens enige bestuurder ten spoedigste nieuwe…” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 17:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Een of meer benoemd door algemene vergadering die ontbinding beslist bij gewone meerderheid met naleving wettelijke voorschriften, benoeming…” (deed in Dutch)“Alle handelingen nodig of dienstig voor vereffening zoals nader voorzien artikelen 2:87 tot 2:104 WVV, bevoegdheden vereffenaars” (deed in Dutch)“Verrichtingen vereffening, overeenkomstig artikelen 2:89 tot en met 2:93 WVV” (deed in Dutch)