THEO FLOR
ActiveSummary
The computed 12-month bankruptcy probability of THEO FLOR is 4.1% (elevated). The annual accounts of THEO FLOR for financial year 2025 show a net loss of 86% of total assets and of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €4,620 and a net result of -€6,370. Equity is shrinking by about 16% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 68% of 34,699 sector peers (NACE 43, financial year 2025). The company has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals.
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.
- THEO FLOR
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, bij enkel besluit van het bestuursorgaan administratieve zetels, agentschappen, werkhuizen, stapelplaatsen en bijkantoren in…” (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
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, onbepaalde duur bij gebrek aan bepaling” (deed in Dutch)“Vaste of evenredige vergoeding, vergoeding van bestuurders” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)deed of 15-01-2026
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager helft kopers naar evenredigheid aantal verworven aandelen, nietigheid” (deed in Dutch)deed of 15-01-2026
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Distributions de dividendes, articles 5 :142 et 5 :143” (deed in French)deed of 15-01-2026
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of May at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Vereist voor statutenwijziging, beslissing algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed