THE PROCUREMENT PROJECT
ActiveSummary
THE PROCUREMENT PROJECT has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €119,873 and a net result of €84,019. Its solvency ranks better than 66% of 37,592 sector peers (NACE 70, financial year 2024). The computed 12-month bankruptcy probability is 0.1% (very 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.
- THE PROCUREMENT PROJECT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, overbrenging naar om het even welke plaats in tweetalig gebied Brussel Hoofdstad of Nederlands taalgebied door eenvoudige…” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking, een of meer bestuurders” (deed in Dutch)“Vaste of evenredige vergoeding, algemene kosten” (deed in Dutch)“1” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- One provision in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager helft kopers naar evenredigheid, helft aandeelhouders met minstens drie vierden kapitaal na aftrek voorgestelde rechten” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Ter kennis gebracht per e-mail of,voor personen zonder e-mailadres,per gewone post,op zelfde dag als communicaties per e-mail, ten minste…” (deed in Dutch)
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.
- “Zoals inzake statutenwijziging, algemene vergadering” (deed in Dutch)“Vereist voor statutenwijziging, algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed