S&N Group
Active Risk: not assessedSummary
S&N Group is less than twelve months old; there is no public track record yet to compute a bankruptcy probability from. The company has been active since 2026 and the Belgian Official Gazette contains no insolvency or warning signals. No annual accounts have been filed with the National Bank.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “De groot- en detailhandel in kledij, modeartikelen en aanverwante producten, waaronder begrepen maar niet beperkt tot kleding, schoenen…” (deed in Dutch)
5 activities (deed in Dutch)
- De groot- en detailhandel in kledij, modeartikelen en aanverwante producten, waaronder begrepen maar niet beperkt tot kleding, schoenen, accessoires en textiel
- De in- en uitvoer, distributie, vertegenwoordiging en commercialisering van deze goederen
- Het uitbaten van fysieke winkels en online verkoopkanalen (e-commerce)
- Het verrichten van alle commerciële, industriële, financiële, roerende en onroerende handelingen die rechtstreeks of onrechtstreeks verband houden met het voorwerp van de vennootschap of die van aard zijn de verwezenlijking ervan te bevorderen
- Het nemen van deelnemingen of belangen in andere vennootschappen met een gelijkaardig of aanverwant voorwerp
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- S&N Group
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij enkel besluit van het bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “De vennootschap wordt rechtsgeldig vertegenwoordigd jegens derden en in rechte als eiser of verweerder door: - de meerderheid van het…”
- Board ruleHow the board is made up, meets and takes decisions.
- 5 provisions in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, aandelenregister op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “(…)” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Gelijke behandeling, achterstand na aanmaning van één maand per aangetekende brief” (deed in Dutch)1 more provision on this in the deed
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Algemene vergadering, bestuursorgaan” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- First financial yearThe first financial year after incorporation can be shorter or longer than twelve months.
- First financial year to 31-12-2026, first annual accounts due by 31-07-2027
- Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
- One provision in the deed
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- 2 provisions in the deed
- Meeting procedureHow the meeting runs, from opening to minutes.
- One provision in the deed
- Adjournment ruleWhen the board may postpone a meeting; by law once, by three weeks.
- “Doet deze vergadering geen afbreuk aan de andere genomen besluiten, tijdens de zitting” (deed in Dutch)
- Proxy ruleWhether a shareholder may be represented at the meeting by someone else.
- “Geldig voor elke volgende algemene vergadering in de mate waarin daarop dezelfde agendapunten worden behandeld, tenzij de vennootschap op de…” (deed in Dutch)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Schriftelijke volmacht aan ieder andere persoon, al dan niet aandeelhouder, door alle middelen van overdracht, alleen uitoefenen” (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
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- One provision in the deed
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar zou zijn benoemd, bestuurder(s) in functie” (deed in Dutch)