SUPPLY ZONE
Open bankruptcyArticles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het importeren van stoffen/textiel, baby- en kinderkleding, mannen- en vrouwlingerie en homewear, om die vervolgens verder als groothandel…” (deed in Dutch)
Text of the purpose (deed in Dutch)
“Het importeren van stoffen/textiel, baby- en kinderkleding, mannen- en vrouwlingerie en homewear, om die vervolgens verder als groothandel te verdelen.”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- SUPPLY ZONE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, De vennootschap kan, bij enkel besluit van het bestuursorgaan, administratieve zetels, agentschappen, werkhuizen…” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Daily managementWho may handle the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “1, ad nutum door algemene vergadering zonder vergoeding” (deed in Dutch)“Los van eventuele representatie-, reis- en verplaatsingskosten, geboekt op de algemene kosten” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Bestuursorgaan, elk aandeel recht geeft op een gelijk aandeel in de winstverdeling” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 15 December at 15:00
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Onder voorbehoud van de wettelijke en statutaire bepalingen betreffende de aandelen zonder stemrecht, 1” (deed in Dutch)
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Wanneer het door de wet vereist is en binnen de wettelijke grenzen, 3” (deed in Dutch)