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Pushpapy

Active
Private limited companyfounded 2018active for 7 yearsDennenlaan 6, 3080 Tervuren, BelgiumKBO/BCE: BE 0713.952.068
Summary

Pushpapy has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €17,926 and a net result of €68,322. Equity remains stable across the filed financial years (±0.3% per year). Its solvency ranks better than 33% of 1,110 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Activity
Activities of other sports clubs
NACE 93129
1 site
Size
€135,738total assets 2025
Equity
€17,926
Profit
€68,322
Turnover not published (abbreviated format)
Financial health
94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Structure
2025 accounts 1 day early1 of 2 deeds summarised
Why 94raises riskEquity €17,926 (13.2% of total assets)lowers riskSector: Sports, amusement and recreation activities (NACE 93)Liquidity: current ratio 1.52, cash €44,988Size: total assets €135,738Show the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 71% of its sector peers (NACE 93, micro)
Financial strength · tick = 2024
Strong
Solvency 38+38
equity 13.2% of total assets
Liquidity 57+7
short-term debt 65.8% · cash 33.1%
Profitability 100+39
return on assets 50.3%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,262 companies, NACE 93, micro)
Last 24 months 11-2024: 0.6% 12-2024: 0.6%● unchanged vs 11-2024 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.6%● unchanged vs 06-2025 08-2025: 0.8%▲ +0.2 percentage points vs 07-2025highest value 09-2025: 0.4%▼ -0.4 percentage points vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.1%▼ -0.3 percentage points vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity ample (current ratio 1.52, compared with 0.74 in 2024, above the usual 1.5; short-term debt: 65.8% and cash: 33.1% of total assets), but 86.8% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, micro): better than 36% on solvency, 61% on liquidity, 94% on profitability and 93% on growth.

The bankruptcy probability was computed on 27-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Sector: Sports, amusement and recreation activities (NACE 93)
KBO
lowers risk · Liquidity: current ratio 1.52, cash €44,988
NBB · annual accounts
raises risk · Equity €17,926 (13.2% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €135,738
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 7 filings
Deviation from the deadline
2025
1 day early
2024
1 day early
2023
2 days early
2022
on the day
2021
31 days late
2020
2 days early
2019
1 day early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 3 days after the deadline; the sector median (NACE 93) for financial year 2024 is 1 day before the deadline, and 42% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
28-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Highest result from 2019 to 2025net €68,322 ▲1,032%
  3. Liquidity more than doubledcurrent ratio 1.52

Financials · financial year 2025, abbreviated format

Equity
€17,926
2024 · -€50,396
Total assets
€135,738▲ 107%
2024 · €65,491
Net result
€68,322▲ 11×
2024 · €6,038
Working capital
€46,363
2024 · -€23,408
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result has risen four years in a row; 2025 is 9.2 times 2024 and is the highest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€71,933 2025 Net result€68,322 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 93, Sports, amusement and recreation activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€15,661-€2,954▼ 81.1%-€90,034€3,612€6,358▲ 76.1%€7,785▲ 22.4%€71,933▲ 824%
Net result€9,567-€133within the sector's middle half▼ 98.6%-€92,571below the sector's middle half€1,069within the sector's middle half€6,769within the sector's middle half▲ 533%€6,038within the sector's middle half▼ 10.8%€68,322above the sector's middle half▲ 11×
Equity€28,167-€28,300within the sector's middle half▲ 0.5%-€64,271below the sector's middle half-€63,203below the sector's middle half▲ 1.7%-€56,434below the sector's middle half▲ 10.7%-€50,396below the sector's middle half▲ 10.7%€17,926within the sector's middle half
Total assets€135,898-€133,655below the sector's middle half▼ 1.7%€38,398below the sector's middle half▼ 71.3%€42,663below the sector's middle half▲ 11.1%€46,801below the sector's middle half▲ 9.7%€65,491below the sector's middle half▲ 39.9%€135,738below the sector's middle half▲ 107%
Debt€107,731-€105,355▼ 2.2%€102,670▼ 2.5%€105,866▲ 3.1%€103,235▼ 2.5%€115,886▲ 12.3%€117,811▲ 1.7%
Working capital-€53,019--€42,176within the sector's middle half▲ 20.5%-€33,363within the sector's middle half▲ 20.9%-€39,406within the sector's middle half▼ 18.1%-€31,087within the sector's middle half▲ 21.1%-€23,408within the sector's middle half▲ 24.7%€46,363within the sector's middle half
Solvency20.7%-21.2%within the sector's middle half▲ 0.4pp-167.4%below the sector's middle half▼ 188.6pp-148.1%below the sector's middle half▲ 19.2pp-120.6%below the sector's middle half▲ 27.6pp-77.0%below the sector's middle half▲ 43.6pp13.2%within the sector's middle half▲ 90.2pp
Current ratio0.40-0.44below the sector's middle half▲ 0.040.54below the sector's middle half▲ 0.090.52below the sector's middle half▼ 0.020.60below the sector's middle half▲ 0.080.74within the sector's middle half▲ 0.141.52within the sector's middle half▲ 0.78
Return on assets (ROA)7.0%-0.1%within the sector's middle half▼ 6.9pp-241.1%below the sector's middle half▼ 241.2pp2.5%within the sector's middle half▲ 243.6pp14.5%above the sector's middle half▲ 12.0pp9.2%above the sector's middle half▼ 5.2pp50.3%above the sector's middle half▲ 41.1pp
Staff (FTE)0below the sector's middle half0below the sector's middle half0below the sector's middle half
above within below the middle half of NACE 93, Sports, amusement and recreation activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated format does not require them.
Balance-sheet composition
Equity and liabilities €135,738
Equity €17,926
Debt €117,811
Debt finances 86.8% of the balance-sheet total.
Key figures and ratios
2025 value · change against 2024
Debt to equity
6.57
ROE
381.1%
Debt ≤ 1 year
€89,375▲
2024 · €88,899
Debt > 1 year
€20,460=
2024 · €20,460
Income taxes
€2,077▲
2024 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.8% are still going.

  • Micro
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.2% stopped otherwise
95.8% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 37 lines
Balance sheet Code20242025
Assets
Total assets20/58€65,491€135,738▲
Current assets29/58€65,491€135,738▲
Amounts receivable within one year40/41€33,857€90,750▲
Trade receivables40€33,857€90,750▲
Cash at bank and in hand54/58€31,633€44,988▲
Equity and liabilities
Total equity and liabilities10/49€65,491€135,738▲
Equity10/15-€50,396€17,926▲
Contributions10/11€18,600€18,600=
Reserves13€1,860€1,860=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€1,860€1,860=
Profit (loss) carried forward14-€70,856-€2,534▲
Amounts payable17/49€115,886€117,811▲
Amounts payable after more than one year17€20,460€20,460=
Financial debts170/4€20,460€20,460=
Amounts payable within one year42/48€88,899€89,375▲
Trade debts44€8,842€868▼
Suppliers440/4€8,842€868▼
Taxes, remuneration and social security45€5,294€13,395▲
Taxes450/3€5,294€13,395▲
Other amounts payable47/48€74,762€75,113▲
Accrued charges and deferred income492/3€6,528€7,976▲
Income statement Code20242025
Other operating charges640/8€387€400▲
Gross operating margin9900€8,173€72,333▲
Operating profit (loss)9901€7,785€71,933▲
Financial income75/76B€1€0▼
Recurring financial income75€1€0▼
Financial charges65/66B€1,748€1,534▼
Recurring financial charges65€1,748€1,534▼
Profit (loss) for the period before taxes9903€6,038€70,399▲
Income taxes67/77€0€2,077▲
Profit (loss) for the period9904€6,038€68,322▲
Profit (loss) for the period to be appropriated9905€6,038€68,322▲
Appropriation of the result
Profit (loss) to be appropriated9906-€70,856-€2,534▲
Profit (loss) brought forward from the previous period14P-€76,894-€70,856▲
Social balance sheet
Average headcount (FTE)90870.0-

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Non-recurring operating income76A--€0-----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,419-------
Other operating charges640/8--€1,164€1,070€893€387€400▲ 3.2%
Non-recurring operating charges66A--€100,000€0----
Gross operating margin9900€19,089€5,842€11,130€4,682€7,251€8,173€72,333▲ 785%
Operating profit (loss)9901€15,661€2,954-€90,034€3,612€6,358€7,785€71,933▲ 824%
Financial income75/76B----€2,475€1€0▼ 100%
Recurring financial income75€374---€2,475€1€0▼ 100%
Financial charges65/66B--€2,850€1,998€1,693€1,748€1,534▼ 12.2%
Recurring financial charges65€945€1,684€2,850€1,998€1,693€1,748€1,534▼ 12.2%
Profit (loss) for the period before taxes9903€15,090€1,271-€92,884€1,614€7,140€6,038€70,399▲ 12×
Income taxes67/77€5,524€1,137-€313€545€372€0€2,077-
Profit (loss) for the period9904€9,567€133-€92,571€1,069€6,769€6,038€68,322▲ 11×
Profit (loss) for the period to be appropriated9905€9,567€133-€92,571€1,069€6,769€6,038€68,322▲ 11×
Line2019202020212022202320242025Change
Assets
Total assets20/58€135,898€133,655€38,398€42,663€46,801€65,491€135,738▲ 107%
Fixed assets21/28€100,000€100,000€0-----
Financial fixed assets28€100,000€100,000€0-----
Current assets29/58€35,898€33,655€38,398€42,663€46,801€65,491€135,738▲ 107%
Amounts receivable within one year40/41€17,152€1,763€24,750€30,250€24,200€33,857€90,750▲ 168%
Trade receivables40--€24,750€30,250€24,200€33,857€90,750▲ 168%
Cash at bank and in hand54/58€16,540€28,710€12,559€8,925€22,601€31,633€44,988▲ 42.2%
Deferred charges and accrued income490/1--€1,089€3,488€0---
Equity and liabilities
Total equity and liabilities10/49€135,898€133,655€38,398€42,663€46,801€65,491€135,738▲ 107%
Equity10/15€28,167€28,300-€64,271-€63,203-€56,434-€50,396€17,926-
Contributions10/11€18,600-€18,600€18,600€18,600€18,600€18,600=
Reserves13€1,860€1,860€1,860€1,860€1,860€1,860€1,860=
Non-distributable reserves130/1--€1,860€1,860€1,860€0--
Reserves not available under the articles1311--€1,860€1,860€1,860€0--
Distributable reserves133-----€1,860€1,860=
Profit (loss) carried forward14€7,707€7,840-€84,731-€83,663-€76,894-€70,856-€2,534▲ 96.4%
Amounts payable17/49€107,731€105,355€102,670€105,866€103,235€115,886€117,811▲ 1.7%
Amounts payable after more than one year17€18,600€28,167€28,300€20,460€20,460€20,460€20,460=
Financial debts170/4--€28,300€20,460€20,460€20,460€20,460=
Amounts payable within one year42/48€88,916€75,831€71,761€82,069€77,888€88,899€89,375▲ 0.5%
Trade debts44€8,198€1,555€639€2,959€714€8,842€868▼ 90.2%
Suppliers440/4--€639€2,959€714€8,842€868▼ 90.2%
Taxes, remuneration and social security45--€6,115€7,586€5,324€5,294€13,395▲ 153%
Taxes450/3--€6,115€7,586€5,324€5,294€13,395▲ 153%
Other amounts payable47/48--€65,007€71,524€71,850€74,762€75,113▲ 0.5%
Accrued charges and deferred income492/3--€2,609€3,336€4,887€6,528€7,976▲ 22.2%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€9,567€133-€92,571€1,069€6,769€6,038€68,322▲ 11×
+ Depreciation and write-downs630€2,419-------
Operating cash flow (approximation)€11,986€133-€92,571€1,069€6,769€6,038€68,322▲ 11×
Investment in fixed assets (approximation)-€0€100,000-----
Change in cash-€12,170-€16,151-€3,634€13,676€9,032€13,354▲ 47.8%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (7)
Financial year Type Filed Reference
31-12-2025 abbreviated format 30-07-2026 2026-00372632
31-12-2024 abbreviated format 30-07-2025 2025-00352695
31-12-2023 abbreviated format 29-07-2024 2024-00326708
31-12-2022 abbreviated format 31-07-2023 2023-00304632
31-12-2021 abbreviated format 31-08-2022 2022-20424917
31-12-2020 abbreviated format 29-07-2021 2021-40900203
31-12-2019 abbreviated format 30-07-2020 2020-36600523

Similar companies · same sector, comparable size

Of the 1,406 active companies whose main activity is activities of other sports clubs (NACE 93129), figures are known for 177. 117 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, last change in 2024
MARTIN Maxime Ariane Pascal
Director (not named in the articles) · since 16-09-2024
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 2 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

1 person since 2024, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
MARTIN Maxime Ariane Pascal
  • Manager, until 16-09-2024
  • Director (not named in the articles), from 16-09-2024 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 16-09-2024 Capital stated in the deed · 100 shares

Group and network

Connections & network

1 current director
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

Pushpapy was incorporated on 27 November 2018.1 Total assets went from €135,898 in 2019 to €135,738 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
30-07
NBB filing Annual accounts filed
financial year 2025 · abbreviated format
2025
31-12
Financial Highest result from 2019 to 2025net €68,322 ▲1,032%
Operating result €71,933, net result €68,322, both a record.
31-12
Financial Liquidity more than doubledcurrent ratio 1.52
Current ratio from 0.74 to 1.52.
30-07
NBB filing Annual accounts filed
financial year 2024 · abbreviated format
2024
16-09
Gazette deed Resignation: MARTIN Maxime Ariane Pascal (manager)
Appointment: MARTIN Maxime Ariane Pascal (director) · Shareholding · Amendment of the articles13 facts ▸
  • General meeting, 26-08-2024
  • Other provision, “bureau, geen” (deed in Dutch)
  • Shareholding, 100
  • Director in office, MARTIN Maxime Ariane Pascal (director)
  • Other provision, “agenda” (deed in Dutch)
  • Other provision, “geldigheid van de algemene vergadering” (deed in Dutch)
  • Amendment of the articles (3 times)
  • Capital conversion
  • Capital
  • Director resignation, MARTIN Maxime Ariane Pascal (manager)
  • Director appointment, MARTIN Maxime Ariane Pascal (director (not named in the articles))
  • Other provision, “zaakvoerder”, director discharge (deed in Dutch)
  • +1 further fact in this act
29-07
NBB filing Annual accounts filed
financial year 2023 · abbreviated format
2023
31-07
NBB filing Annual accounts filed
financial year 2022 · abbreviated format
2022
31-12
Financial Back to profitnet €1,069
Net result €1,069 after one loss-making year.
31-08
NBB filing Annual accounts filed
financial year 2021 · abbreviated format · 31 days late
2021
31-12
Financial Weakest financial yearnet -€92,571
Net result drops to -€92,571, the lowest in the series; recovery starts the following year.
29-07
NBB filing Annual accounts filed
financial year 2020 · abbreviated format
2020
30-07
NBB filing Annual accounts filed
financial year 2019 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
1 of 2 deeds read
About the unread acts

Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded27-11-2018
Financial year end31-12
Activities, NACEBEL 2025
93129Activities of other sports clubs
73300Public relations and communication consultancy
93299Other amusement and recreation activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0713952068
Registered 31-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 27 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Tervuren · 1 establishment unit since 2018
registered office establishment The establishment unit on the map
Ground area
1,154 m²
Building footprint
208 m²
Building volume
1,235 m³
Parcel 24302F0034/00E002, Flanders · tallest building 8.0 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
PUSHPAPY
Dennenlaan 6, 3080 TervurenAgents specialised in the wholesale of other particular products
since 2018unit no. 2.283.807.095
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
24302F0034/00E002 Flanders 1,154 m² 1 · 208 m² 8.0 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Alle verrichtingen en activiteiten, met inbegrip van alle diensten en prestaties met betrekking tot het domein van de sport en in het…” (deed in Dutch)
14 activities (deed in Dutch)
  1. Alle verrichtingen en activiteiten, met inbegrip van alle diensten en prestaties met betrekking tot het domein van de sport en in het bijzonder de mechanische sporten;
  2. Het geven van advies omtrent de begeleiding van autorace teams en autoracepiloten, zowel op financieel, sportief, mechanisch, medisch als organisatorisch gebied;
  3. Management en begeleiding van autorace teams en autoracepiloten in het bijzonder, in elke categorie op zowel provinciaal, regionaal, nationaal als internationaal niveau;
  4. De uitoefening van de functie van teammanager, opleider en/of begeleider van autorace teams;
  5. Het actief werven van sponsors en investeerders voor autorace teams;
  6. Het verzorgen van professionele contacten met de organisatoren van autoraces, het verstrekken van advies en het verlenen van praktische bijstand omtrent de public relations van het autorace team, met inbegrip van het verzorgen van de contacten met de pers en de diverse communicatiemedia;
  7. De aankoop, verkoop, herstelling en onderhoud van alle voertuigen;
  8. Alle activiteiten met betrekking tot de promotie en publiciteit van de autosport;
  9. Het organiseren van evenementen in alle domeinen;
  10. Het verlenen van diensten in de meest ruime zin van het woord aan bedrijven en ondernemingen van alle aard, onder meer op het vlak van de administratie, consulting, het management, de bedrijfsorganisatie en de informatica;
  11. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten, zoals de aan- en verkoop, de bouw, de verbouwing, de binnenhuisinrichting en decoratie, de huur en verhuur, de onroerende leasing, de ruil, de verkaveling, en in het algemeen alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of het productief maken van onroerende goederen of onroerende zakelijke rechten;
  12. Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend vermogen; alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals de aan- en verkoop, de huur en verhuur, de ruil; in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren, aandelen, obligaties, staatsfondsen;
  13. Het verwerven en aanhouden van participaties, in eender welke vorm, in alle bestaande of op te richten vennootschappen of ondernemingen, het stimuleren, de planning en de coördinatie van de ontwikkeling van de vennootschappen en ondernemingen, waarin ze een participatie aanhoudt; het deelnemen aan hun beheer, bestuur, vereffening en toezicht alsmede het verlenen van technische, administratieve en financiële bijstand aan deze vennootschappen en ondernemingen. Zij mag bij wijze van inbreng in speciën of in natura, van fusie, inschrijving, deelneming, financiële tussenkomst of op een andere wijze, een aandeel nemen in alle bestaande of op te richten vennootschappen of bedrijven, in België of het buitenland, waarvan het maatschappelijk doel identiek, gelijkaardig of verwant is met het hare, of van aard is de uitoefening van haar maatschappelijk doel te bevorderen.
  14. De vennootschap kan zelf of als tussenpersoon alle hulpmiddelen verschaffen, bestuurdersfuncties waarnemen of laten waarnemen en diensten verlenen die direct of indirect verband houden met de voorgaande.

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
PUSHPAPY
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Het Vlaamse Gewest, bij enkel besluit van het bestuursorgaan exploitatiezetels oprichten of opheffen wanneer en waar zij het nodig acht…” (deed in Dutch)

deed of 16-09-2024

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.
“1, één of meer bestuurders” (deed in Dutch)
“Vergoeding van de bestuurders, kosteloos” (deed in Dutch)

deed of 16-09-2024

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
One provision in the deed

deed of 16-09-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
“TITRE V. ALGEMENE VERGADERING Artikel 14. Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders…” (deed in Dutch)

deed of 16-09-2024

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Kan op elk moment worden ontbonden door beslissing van de algemene vergadering beslissende in de vormen vereist voor de statutenwijziging” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Bestuurder(s) in functie aangewezen als vereffenaar(s) indien geen andere vereffenaar zou zijn benoemd, recht om één of meerdere…” (deed in Dutch)

deed of 16-09-2024

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Oproepingen en quorum, drie vierden van de stemmen” (deed in Dutch)
Other provision: “Stortingsplicht, aangerekend op het geheel van de aandelen waarvan de aandeelhouder titularis is” (deed in Dutch)
Other provision: “Recht van voorkeur bij inbreng in geld met uitgifte van nieuwe aandelen” (deed in Dutch)
Other provision: “Controle van de vennootschap” (deed in Dutch)
Other provision: “Bijeenroeping en besluitvorming van de algemene vergadering” (deed in Dutch)
Other provision: “Toegang tot de algemene vergadering, is het aandeel met vruchtgebruik bezwaard, dan wordt het aan dat aandeel verbonden stemrecht…” (deed in Dutch)
Other provision: “Beraadslagingen van de algemene vergadering, meerderheid van stemmen, ongeacht het aantal effecten dat vertegenwoordigd is, behoudens…” (deed in Dutch)
Other provision: “Bestemming van de winst, reserves en uitkering dividenden” (deed in Dutch)
Liquidation distribution: “Goederen die nog in natura voorhanden zijn worden op dezelfde wijze verdeeld, aanzuivering van alle schulden, lasten en kosten van de…” (deed in Dutch)
Other provision: “Alle mededelingen, aanmaningen, dagvaardingen en betekeningen, woonstkeuze” (deed in Dutch)
Other provision: “Gemeen recht, bepalingen van het Wetboek van vennootschappen en verenigingen waarvan niet geldig zou zijn afgeweken worden geacht te zijn…” (deed in Dutch)
4 more provisions in the deed, see the deed of 16-09-2024

deed of 16-09-2024