SPAACO
ActiveSummary
SPAACO has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of €104,582. Equity remains stable across the filed financial years (±1.2% per year). Its solvency ranks better than 95% of 349 sector peers (NACE 35, financial year 2025). The computed 12-month bankruptcy probability is below 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.
- SPAACO
- 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.
- “van dit bestuur, mogen bijzondere machten verlenen aan één of meer personen van hun keuze. De raad van bestuur bepaalt de wedde of…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Raad duidt Voorzitter aan onder leden,afwisselend telkens voor twee jaar om beurt uit bestuurders op voordracht A-aandelen en B-aandelen…” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Wanneer de vennootschap optreedt als bestuurder van andere vennootschappen, dan wordt de vennootschap enkel rechtsgeldig vertegenwoordigd…” (deed in Dutch)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Uitkeerbaar saldo onder aandeelhouders in verhouding tot aandelenbezit met rekening voor ongelijke afbetaling, algemene vergadering…” (deed in Dutch)