Storm 103
ActiveSummary
The computed 12-month bankruptcy probability of Storm 103 is 1.6% (moderate). The 2026 annual accounts show negative equity (-€249,764) and a net result of -€146,220. Equity is shrinking by about 137% per year across the filed financial years. Its solvency ranks better than 13% of 48 sector peers (NACE 42, financial year 2026). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het ontwikkelen,bouwen en exploiteren van hernieuwbare energieprojecten en projecten gerelateerd aan de energietransitie” (deed in Dutch)
Text of the purpose (deed in Dutch)
“Het ontwikkelen,bouwen en exploiteren van hernieuwbare energieprojecten en projecten gerelateerd aan de energietransitie.”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- STORM 103
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Borsbeeksebrug 22,2600 Antwerpen(Berchem)” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Two directors jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “7, wettelijk vereiste aantal” (deed in Dutch)“Door loutere kennisgeving aan raad van bestuur, kan zelf nodige doen om beëindiging aan derden tegen te werpen” (deed in Dutch)“Resterende duur van vervangen bestuurder, plaats openvalt vóór einde mandaat” (deed in Dutch)“Onder leden raad van bestuur,geen doorslaggevende stem,onder Storm Bestuurders, gewone meerderheid van uitgebrachte stemmen” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Thursday of June at 11:00
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
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed