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TEARDROP

Active
Private limited companyfounded 2023active for 3 yearsGraaf Boudewijn I-laan 13, 8200 Brugge, BelgiumKBO/BCE: BE 0802.444.574
Summary

TEARDROP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €9,861 and a net result of -€27,252. Equity is shrinking by about 26% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 16% of 9,743 sector peers (NACE 64, financial year 2025). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals.

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TEARDROPActive
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Articles of association

What the company does

Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, Graaf Boudewijn I-laan 13,8200 Brugge(Sint-Michiels)” (deed in Dutch)

deed of 08-06-2023

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Iedere bestuurder vertegenwoordigt de vennootschap jegens derden en in rechte als eiser of als verweerder. Hij kan bijzondere machten…”
Board ruleHow the board is made up, meets and takes decisions.
One provision in the deed

deed of 08-06-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Saturday of June at 18:00

deed of 08-06-2023

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Beraadslagingen algemene vergadering, meerderheid van stemmen ongeacht aantal vertegenwoordigde effecten behoudens wet of statuten” (deed in Dutch)
Other provision: “Bestemming winst-reserves, algemene vergadering op voorstel bestuursorgaan” (deed in Dutch)
Liquidation distribution: “Goederen nog in natura op zelfde wijze verdeeld, netto actief onder alle aandeelhouders naar verhouding aantal aandelen” (deed in Dutch)
Other provision: “Bevoegdheden bestuursorgaan, behalve handelingen die wet of statuten aan algemene vergadering voorbehouden” (deed in Dutch)
4 more provisions in the deed, see the deed of 08-06-2023

deed of 08-06-2023

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