Storm 51
ActiveSummary
Storm 51 has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€284,734) and a net result of -€75,043. Equity is shrinking by about 55% per year across the filed financial years. Its solvency ranks better than 5% of 2,551 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (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.
- Storm 51
- 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 exploitatiezetels,administratieve zetels,agentschappen,werkhuizen,stapelplaatsen en…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 15: Vertegenwoordiging - Akten en rechtshandelingen De vennootschap wordt tegenover derden, in alle akten, met inbegrip van deze…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, één of meer bestuurders” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, alle aandelen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Alle procedure- en expertisekosten voor helft ten laste overdrager en helft ten laste koper(s) naar evenredigheid verworven aantal bij meer…” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Overblijvende aandelen eerst aangeboden aan andere aandeelhouders die voorkeurrecht volledig hebben uitgeoefend,op zelfde wijze tot uitgifte…” (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 May at 15:15
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Op elk moment, algemene vergadering beslissende in vormen vereist voor statutenwijziging” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed