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TECHNOSTREAM

Active
Private limited companyfounded 2007active for 19 yearsDendermondsestraat 240, 1083 Ganshoren, Belgium11 active companies are registered at this addressKBO/BCE: BE 0891.155.331
Summary

The computed 12-month bankruptcy probability of TECHNOSTREAM is 2.3% (moderate). The 2025 annual accounts show negative equity (-€16,152). The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 8% of 2,033 sector peers (NACE 73, financial year 2025). The company has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Market research and public opinion polling
NACE 73200
1 site
Size
€23,816total assets 2025
Equity
-€16,152
Turnover not published (abbreviated or micro format)
Financial health
Bankruptcy probabilitywithin 12 months
2.3%
Too few figures to score
Structure
Accounts filed 46 days late1 of 4 deeds read
Signalsraises risk1 change of registered office in 24 monthsLatest accounts 46 days late; 2 of the last 3 lateLiquidity: current ratio 0.41Weak solvency vs sectorlowers riskSize: total assets €23,816neutralFiled after the deadlineShow the evidence

Bankruptcy probability

No current score
Insufficient figures
A score requires measurable solvency, liquidity and profitability. Missing figures are not a judgement about the company.
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (11,205 companies, NACE 73, micro)
Last 24 months 11-2024: 1.0% 12-2024: 1.0%● unchanged vs 11-2024 01-2025: 1.0%● unchanged vs 12-2024 02-2025: 1.0%● unchanged vs 01-2025 03-2025: 1.1%▲ +0.1 percentage points vs 02-2025 04-2025: 1.1%● unchanged vs 03-2025 05-2025: 1.0%▼ -0.1 percentage points vs 04-2025 06-2025: 1.0%● unchanged vs 05-2025lowest value 07-2025: 1.1%▲ +0.1 percentage points vs 06-2025 08-2025: 1.3%▲ +0.2 percentage points vs 07-2025 09-2025: 2.2%▲ +0.9 percentage points vs 08-2025 10-2025: 2.2%● unchanged vs 09-2025 11-2025: 2.2%● unchanged vs 10-2025 12-2025: 3.6%▲ +1.4 percentage points vs 11-2025 01-2026: 3.6%● unchanged vs 12-2025 02-2026: 3.6%● unchanged vs 01-2026 03-2026: 3.7%▲ +0.1 percentage points vs 02-2026 04-2026: 3.8%▲ +0.1 percentage points vs 03-2026 05-2026: 3.5%▼ -0.3 percentage points vs 04-2026 06-2026: 3.5%● unchanged vs 05-2026 07-2026: 3.7%▲ +0.2 percentage points vs 06-2026 08-2026: 4.1%▲ +0.4 percentage points vs 07-2026 09-2026: 4.4%▲ +0.3 percentage points vs 08-2026highest value 10-2026: 2.3%▼ -2.1 percentage points vs 09-2026
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Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €23,816
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Latest accounts 46 days late; 2 of the last 3 late
NBB · filings
raises risk · Liquidity: current ratio 0.41
NBB · annual accounts
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 8% of 2033 sector peers (2025).
NBB · sector comparison
Position among 2033 sector peers
Solvency
better than 8%
← weakest strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
46 days late
2024
27 days late
2023
57 days late
2022
255 days late
2021
620 days late
2020
243 days late
2019
608 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 265 days after the deadline; the sector median (NACE 73) for financial year 2024 is 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 September (4 of the last 5 filed years within 197 days of that day).
Companies Code · seven months
Where today falls in the filing period
15-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Appointments: ALDAOUR Ibrahim M. KH. A…Shareholding · Capital · Name…
  3. Annual accounts filedfinancial year 2024 · micro…

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (46 days) Filed on 15 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00515563.

Equity
-€16,152=
2024 · -€16,152
Total assets
€23,816=
2024 · €23,816
Net result
-€12,152▼ 284%
2023 · -€3,168
Working capital
-€23,385=
2024 · -€23,385
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result stays negative: a loss of €12,100 in 2024 against €2,738 in 2023; the loss grows and 2024 has the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€12,100 2024 Net result-€12,152 2024

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result-€965--€1,668-€2,738▼ 64.1%-€12,100▼ 342%
Net result-€965--€170within the sector's middle half-€1,713below the sector's middle half▼ 908%-€3,168below the sector's middle half▼ 84.9%-€12,152below the sector's middle half▼ 284%
Equity-€862--€862=-€862below the sector's middle half=€881below the sector's middle half-€832below the sector's middle half-€4,000below the sector's middle half▼ 381%-€16,152below the sector's middle half▼ 304%-€16,152below the sector's middle half=
Total assets€28,637-€28,637=€28,990below the sector's middle half▲ 1.2%€29,309below the sector's middle half▲ 1.1%€31,596below the sector's middle half▲ 7.8%€35,928below the sector's middle half▲ 13.7%€23,816below the sector's middle half▼ 33.7%€23,816below the sector's middle half=
Debt€29,499-€29,499=€29,852▲ 1.2%€28,427▼ 4.8%€32,427▲ 14.1%€39,927▲ 23.1%€39,968▲ 0.1%€39,968=
Working capital-€862--€862=-€509within the sector's middle half▲ 40.9%€881below the sector's middle half-€832below the sector's middle half-€4,000below the sector's middle half▼ 381%-€23,385below the sector's middle half▼ 485%-€23,385below the sector's middle half=
Solvency-3.0%--3.0%=-3.0%below the sector's middle half=3.0%below the sector's middle half▲ 6.0pp-2.6%below the sector's middle half▼ 5.6pp-11.1%below the sector's middle half▼ 8.5pp-67.8%below the sector's middle half▼ 56.7pp-67.8%below the sector's middle half=
Current ratio0.97-0.97=0.98below the sector's middle half▲ 0.011.03below the sector's middle half▲ 0.050.97below the sector's middle half▼ 0.060.90below the sector's middle half▼ 0.070.41below the sector's middle half▼ 0.480.41below the sector's middle half=
Return on assets (ROA)-3.4%--0.6%below the sector's middle half-5.4%below the sector's middle half▼ 4.8pp-8.8%below the sector's middle half▼ 3.4pp-51.0%below the sector's middle half▼ 42.2pp
above within below the middle half of NACE 73, Advertising, market research and public relations activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €23,816
Fixed assets €7,234 =
Current assets €16,583 =
Equity and liabilities
Equity-€16,152
Debt€39,968
Equity is negative: debt (€39,968) exceeds the balance-sheet total (€23,816).
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€39,968=
2024 · €39,968
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 26 lines
Balance sheet Code20242025
Assets
Total assets20/58€23,816€23,816=
Fixed assets21/28€7,234€7,234=
Financial fixed assets28€7,234€7,234=
Current assets29/58€16,583€16,583=
Amounts receivable within one year40/41€16,583€16,583=
Other amounts receivable41€16,583€16,583=
Equity and liabilities
Total equity and liabilities10/49€23,816€23,816=
Equity10/15-€16,152-€16,152=
Contributions10/11€18,600€18,600=
Capital10€18,600€18,600=
Issued capital100€18,600€18,600=
Profit (loss) carried forward14-€34,752-€34,752=
Amounts payable17/49€39,968€39,968=
Amounts payable within one year42/48€39,968€39,968=
Financial debts43€1€1=
Credit institutions430/8€1€1=
Other amounts payable47/48€39,967€39,967=
Income statement Code20242025
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€12,100-
Operating profit (loss)9901-€12,100-
Financial charges65/66B€52-
Recurring financial charges65€52-
Profit (loss) for the period before taxes9903-€12,152-
Profit (loss) for the period9904-€12,152-
Profit (loss) for the period to be appropriated9905-€12,152-
Appropriation of the result
Profit (loss) to be appropriated9906-€34,752-€34,752=
Profit (loss) brought forward from the previous period14P-€22,600-€34,752▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Goods, raw materials, services and sundry goods60/61----€1,668€2,738---
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4------€12,100--
Gross operating margin9900-€873----€1,668-€2,738---
Operating profit (loss)9901-€965----€1,668-€2,738-€12,100--
Financial charges65/66B---€170€45€430€52--
Recurring financial charges65---€45€45€51€52--
Non-recurring financial charges66B---€125-€379---
Profit (loss) for the period before taxes9903-€965---€170-€1,713-€3,168-€12,152--
Profit (loss) for the period9904-€965---€170-€1,713-€3,168-€12,152--
Profit (loss) for the period to be appropriated9905-€965---€170-€1,713-€3,168-€12,152--
Line20182019202020212022202320242025Change
Assets
Total assets20/58€28,637€28,637€28,990€29,309€31,596€35,928€23,816€23,816=
Fixed assets21/28------€7,234€7,234=
Financial fixed assets28------€7,234€7,234=
Current assets29/58€28,637€28,637€28,990€29,309€31,596€35,928€16,583€16,583=
Amounts receivable within one year40/41€27,183€27,183€27,183€28,683€28,683€28,683€16,583€16,583=
Other amounts receivable41---€28,683€28,683€28,683€16,583€16,583=
Cash at bank and in hand54/58€1,454€1,454€1,807€626€2,913€7,245---
Equity and liabilities
Total equity and liabilities10/49€28,637€28,637€28,990€29,309€31,596€35,928€23,816€23,816=
Equity10/15-€862-€862-€862€881-€832-€4,000-€16,152-€16,152=
Contributions10/11€18,600€18,600€18,600€18,600€18,600€18,600€18,600€18,600=
Capital10---€18,600€18,600-€18,600€18,600=
Issued capital100---€18,600€18,600-€18,600€18,600=
Profit (loss) carried forward14-€19,462-€19,462-€19,462-€17,719-€19,432-€22,600-€34,752-€34,752=
Amounts payable17/49€29,499€29,499€29,852€28,427€32,427€39,927€39,968€39,968=
Amounts payable within one year42/48€29,499€29,499€29,499€28,427€32,427€39,927€39,968€39,968=
Financial debts43------€1€1=
Credit institutions430/8------€1€1=
Other amounts payable47/48---€28,427€32,427€39,927€39,967€39,967=
Line20182019202020212022202320242025Change
Profit (loss) for the period9904-€965---€170-€1,713-€3,168-€12,152--
Operating cash flow (approximation)-€965---€170-€1,713-€3,168-€12,152--
Investment in fixed assets (approximation)-------€0-
Change in cash-€0€353-€1,181€2,287€4,332---

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 18 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 abbreviated format 15-09-2026 2026-00515563
31-12-2024 micro format 27-08-2025 2025-00423416
31-12-2023 micro format 26-09-2024 2024-00481593
31-12-2022 micro format 11-04-2024 2024-00063705
31-12-2021 micro format 11-04-2024 2024-00063825
31-12-2020 micro format 31-03-2022 2022-09500588
31-12-2019 micro format 31-03-2022 2022-09500587
31-12-2018 micro format 31-03-2022 2022-09500586
31-12-2017 micro format 31-03-2022 2022-09500584
31-12-2016 full format 26-03-2018 2018-08400011

Show all 18 filings

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of the 2,650 active companies whose main activity is market research and public opinion polling (NACE 73200), figures are known for 1,746. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
2 directors, last change in 2025
ALDAOUR Ibrahim M. KH. A.
Administrateur non statutaire · since 06-11-2025
Current
BAKLOUTI Skandar
Administrateur non statutaire · since 06-11-2025
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
3 of this company's 4 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

2 people since 2025, 2 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
ALDAOUR Ibrahim M. KH. A.
  • Administrateur non statutaire, from 06-11-2025 to date
BAKLOUTI Skandar
  • Administrateur non statutaire, from 06-11-2025 to date
See the board, name and registered office on a given date →

Owners and capital

Capital and shareholders

Shareholders according to the deeds

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 10-11-2025 Converted to unavailable equity · €18,600

Group and network

Connections & network

1 connected company
Depth

The connected companies are in the list below.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
former→

History

On 31 July 2007, TECHNOSTREAM was incorporated.1 The name was changed to TECHNOSTREAM in 2025.2 In 2025 the registered office moved to Ganshoren.2 Total assets went from €28,637 in 2018 to €23,816 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 10-11-2025
  3. 3National Bank, annual accounts 2018 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
15-09
NBB filing Annual accounts filed
financial year 2025 · abbreviated format · 46 days late
2025
10-11
Gazette deed Appointments: ALDAOUR Ibrahim M. KH. A. (administrateur non statutaire) and BAKLOUTI Skandar (administrateur non statutaire)
Shareholding · Capital · Name change20 facts ▸
  • General meeting, 06-11-2025
  • Shareholding, 06-11-2025, 810
  • Shareholding, 06-11-2025, 90
  • Capital
  • Name change, TECHNOSTREAM
  • Registered-office move, 1083 Ganshoren (Bruxelles), Rue de Termonde, 240
  • Amendment of the articles (2 times)
  • Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
  • General meeting, “Cette résolution est, votée article par article, adoptée à l’unanimité., coordination des statuts” (deed in French)
  • Director appointment, ALDAOUR Ibrahim M. KH. A. (administrateur non statutaire)
  • Director appointment, BAKLOUTI Skandar (administrateur non statutaire)
  • Power of attorney
  • +8 further facts in this act
27-08
NBB filing Annual accounts filed
financial year 2024 · micro format · 27 days late
2024
31-12
Financial Weakest financial yearnet -€12,152
Net result drops to -€12,152, the lowest in the series.
26-09
NBB filing Annual accounts filed
financial year 2023 · micro format · 57 days late
11-04
NBB filing Annual accounts filed
financial year 2022 · micro format · 255 days late
11-04
NBB filing Annual accounts filed
financial year 2021 · micro format · 620 days late
2022
31-03
NBB filing Annual accounts filed
financial year 2020 · micro format · 243 days late
31-03
NBB filing Annual accounts filed
financial year 2019 · micro format · 608 days late
31-03
NBB filing Annual accounts filed
financial year 2018 · micro format · 974 days late
31-03
NBB filing Annual accounts filed
financial year 2017 · micro format · 1339 days late
2018
26-03
NBB filing Annual accounts filed
financial year 2016 · full format · 238 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 18 annual accounts filed, the latest 10 are here; all 18 are under Financials.
1 of 4 deeds read
About the unread acts

Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded31-07-2007
Financial year end31-12
Abbreviation FR B.I.S.
Activities, NACEBEL 2025
73200Market research and public opinion polling
62200Computer consultancy and computer facilities management
E-invoicing
Reachable via Peppol
Peppol ID 0208:0891155331
Also 9925:BE0891155331
Registered 31-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 15 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Ganshoren · 1 establishment unit since 2007
registered office establishment The establishment unit on the map
Ground area
494 m²
Building footprint
439 m²
Building volume
4,276 m³
2 parcels, Brussels · tallest building 15.2 m. Linked by address, not a title deed.
11 companies at this address See who is registered here
1 establishment unit
BESSIMMO
Openveldstraat 2, 1082 Sint-Agatha-BerchemMarket research and public opinion polling
since 2007unit no. 2.164.428.306
2 parcels
Brussels 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
21392A0058/00T010 Brussels 268 m² 1 · 228 m² 10.6 m · 2
21342B0087/00Z007 Brussels 226 m² 1 · 211 m² 15.2 m · 4
How the parcels are linked
Good to know
Both parcels match the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“L'achat, la vente, la location de biens immeubles bâtis et non bâtis; Entreprendre des travaux de rénovation de ces immeubles; La prise de…” (deed in French)
7 activities (deed in French)
  1. L'achat, la vente, la location de biens immeubles bâtis et non bâtis
  2. Entreprendre des travaux de rénovation de ces immeubles
  3. La prise de participation dans toutes sociétés commerciales
  4. La préparation, l'étude, l'exécution et la surveillance de travaux des systèmes de sécurité, cctv, d'incendie, de gestion de surveillance des équipements sécuritaires et du secteur informatique télécoms
  5. Ingénierie des solutions intégrées dans les matières cidessus et en domotique, télégestions, formation professionnelle et commande des systèmes industriels
  6. Installation et maintenance de réseaux de fibres optiques, installation d'un réseau de communication interne & Maintenance, Installation et maintenance de systèmes d'énergie solaire ; Installation de panneaux de signalisation et d'éclairage; Infrastructure informatique; installation logiciels ; Services de réseaux publics ; Portails et barrières automatiques Négoce
  7. Commerce d'équipements scientifiques et de laboratoire ; Commerce de dispositifs et d'équipements de sécurité ; Téléphones mobiles et accessoires

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région de Bruxelles-Capitale, sièges administratifs, agences, ateliers, dépôts et succursales, tant en Belgique qu'à l'étranger” (deed in French)

deed of 10-11-2025

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Each director alone
Board ruleHow the board is made up, meets and takes decisions.
“Cette rémunération sera portée aux frais généraux, indépendamment des frais éventuels de représentation, voyages et déplacements…” (deed in French)
1 more provision on this in the deed

deed of 10-11-2025

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Les titulaires d’actions peuvent prendre connaissance de ce registre relatif à leurs titres, nominatives” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Tous les frais de procédure et d’expertise étant pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs…” (deed in French)
Share issue ruleHow and by whom new shares can be issued.
“En cas d’actionnaire unique-administrateur, ce dernier détermine librement, au fur et à mesure des besoins de la société et aux époques…” (deed in French)
“Courrier électronique, ou, pour les personnes dont elle ne dispose pas d’une adresse électronique, par courrier ordinaire, à envoyer le même…” (deed in French)
Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
“Répartition – réserves, étant toutefois fait observer que chaque action confère un droit égal dans la répartition des bénéfices” (deed in French)

deed of 10-11-2025

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Monday of June at 18:00
Meeting noticeHow and how far ahead shareholders are invited to a meeting; by law at least fifteen days.
One provision in the deed
Meeting accessWho may attend the meeting and what is needed to be admitted.
“Admission à l’assemblée générale” (deed in French)
Meeting procedureHow the meeting runs, from opening to minutes.
“Séances – procès-verbaux, Les copies à délivrer aux tiers sont signées par un ou plusieurs membres de l’organe d’administration ayant le…” (deed in French)
Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
“Tout actionnaire peut donner à toute autre personne, actionnaire ou non, par tout moyen de transmission, une procuration écrite pour le…” (deed in French)

deed of 10-11-2025

Oversight and winding up

Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
“Trois ans, un ou plusieurs commissaires” (deed in French)
Dissolution ruleWhen and by whom the company can be dissolved.
“Dissolution, La société peut être dissoute en tout temps” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Liquidateurs, En cas de dissolution de la société, pour quelque cause et à quelque moment que ce soit, le ou les administrateurs en fonction…” (deed in French)

deed of 10-11-2025

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

Other provision: “L’organe d’administration détermine s’ils agissent seul ou conjointement., Gestion journalière” (deed in French)
“Prorogation, Sauf si l’assemblée générale en décide autrement, cette prorogation n’annule pas les autres décisions prises.” (deed in French)
Liquidation distribution: “Répartition de l’actif net, les biens conservés leur sont remis pour être partagés dans la même proportion” (deed in French)
Other provision: “Pour tout litige entre la société, ses actionnaires, administrateurs, commissaires et liquidateurs relatifs aux affaires de la société et à…” (deed in French)
Other provision: “Les dispositions du Code des sociétés et des associations auxquelles il ne serait pas licitement dérogé sont réputées inscrites dans les…” (deed in French)
2 more provisions in the deed, see the deed of 10-11-2025

deed of 10-11-2025