SAND
ActiveSummary
SAND has been active since 2002 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.2m and a net result of €289,601. Equity is growing by about 10% per year across the filed financial years. Its solvency ranks better than 56% of 11,186 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Voorbereiden, ontwikkelen en realiseren van alle soorten bouwprojecten; Aankoop en verkoop van onroerende goederen; Bouwen, laten bouwen…” (deed in Dutch)
4 activities (deed in Dutch)
- Voorbereiden, ontwikkelen en realiseren van alle soorten bouwprojecten
- Aankoop en verkoop van onroerende goederen
- Bouwen, laten bouwen, renoveren en verbouwen van beboude onroerende goederen
- Huren en verhuren van onroerende goederen
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DOMESTIC
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 2340 Beerse, Bisschopslaan 16” (deed in Dutch)“Vlaams Gewest, door eenvoudige beslissing van het bestuursorgaan naar om het even welke plaats in het tweetalig gebied Brussel Hoofdstad of…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 20: Vertegenwoordiging van de vennootschap 1. Alle akten die de vennootschap verbinden, in en bui-ten rechte, zijn geldig wanneer…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering kan het mandaat van elke bestuurder te allen tijde en zonder redenen met onmiddellijke ingang beëindigen, in de…” (deed in Dutch)9 more provisions on this in the deed
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, aandelen” (deed in Dutch)“Op naam, andere effecten” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “De kosten van de prijsbepaling door de deskundige worden gedragen door de overnemers, naar evenredigheid van de door hen verworven aandelen…” (deed in Dutch)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Jaarvergadering bij gewone meerderheid op voorstel van raad van bestuur, 5” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Friday of March at 17:00
- 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.
- One provision in the deed
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Erfgenamen of legatarissen naar evenredigheid tot verdeling of afgifte, meerderheid van stemmen” (deed in Dutch)
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Alle verrichtingen in wet tenzij algemene vergadering anders beslist bij gewone meerderheid, bestuursorgaan in functie als college van…” (deed in Dutch)