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TER BRAEM

Active
Private limited companyfounded 2023active for 3 yearsBraemkasteelstraat 6, 9050 Gent, BelgiumKBO/BCE: BE 0803.041.026
Summary

The computed 12-month bankruptcy probability of TER BRAEM is 6.2% (elevated). The 2025 annual accounts show negative equity (-€327,452) and a net result of €99,615, of which €93,472 non-recurring income. Its solvency ranks better than 12% of 4,754 sector peers (NACE 56, 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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TER BRAEMActiveChecked score 36/100
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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.
TER BRAEM
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaamse Gewest” (deed in Dutch)
1 more provision on this in the deed

deed of 26-06-2023

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“De algemene vergadering kan het mandaat van een al dan niet in de statuten benoemde bestuurder steeds beëindigen wegens wettige reden…”
Board ruleHow the board is made up, meets and takes decisions.
“Met of zonder beperking van duur, onbepaalde duur bij gebrek aan bepaling duurtijd” (deed in Dutch)

deed of 26-06-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Gelijke aandelen zonder aanduiding van nominale waarde, geen verschillende soorten” (deed in Dutch)

deed of 26-06-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Friday of June

deed of 26-06-2023

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
Dissolution ruleWhen and by whom the company can be dissolved.
“Algemene vergadering, vereist voor statutenwijziging” (deed in Dutch)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
One provision in the deed

deed of 26-06-2023

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

Other provision: “Gemeenschappelijk vermogen en lidmaatschapsrechten, behoren tot gemeenschappelijk vermogen” (deed in Dutch)
Other provision: “Administratieve zetels,agentschappen en bijkantoren, enkel besluit bestuursorgaan” (deed in Dutch)
Other provision: “Exploitatiezetels, oprichten of opheffen wanneer en waar nodig” (deed in Dutch)
Other provision: “Op naam, Aard van de aandelen” (deed in Dutch)
Other provision: “Vergoeding van de bestuurders, algemene kosten los van representatie-, reis- en verplaatsingskosten” (deed in Dutch)
Other provision: “Controle van de vennootschap, hernieuwbare termijn van drie jaren” (deed in Dutch)
Other provision: “Alle besluiten tot bevoegdheid algemene vergadering, Schriftelijke algemene vergadering” (deed in Dutch)
Other provision: “Elektronische algemene vergadering, artikel 5:89 Wetboek van vennootschappen en verenigingen” (deed in Dutch)
Other provision: “Zittingen – Processen-verbaal, voorzitter kan secretaris en stemopnemer(s) aanduiden niet noodzakelijk aandeelhouder” (deed in Dutch)
Other provision: “Beraadslagingen, meerderheid van stemmen,ongeacht vertegenwoordigde aandelen” (deed in Dutch)
Other provision: “Bestuursorgaan, 3 weken” (deed in Dutch)
Other provision: “Bestemming van de winst–reserves–uitkering, algemene vergadering op voorstel bestuursorgaan” (deed in Dutch)
Liquidation distribution: “Netto actief onder alle aandeelhouders naar verhouding aantal aandelen,goederen in natura zelfde wijze, na aanzuivering…” (deed in Dutch)
6 more provisions in the deed, see the deed of 26-06-2023

deed of 26-06-2023

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