Summary
The computed 12-month bankruptcy probability of TimberCare is 1.9% (moderate). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. No annual accounts have been filed with the National Bank.
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.
- TimberCare
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)1 more provision on this in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde duur, bestuur toevertrouwd aan één of meerdere zaakvoerders” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdracht door overlijden, erfgenamen,legatarissen of rechtsopvolgers treden van rechtswege in plaats” (deed in Dutch)“Overdracht door vereffening of faillissement, marktwaarde op datum vereffening of faillissement” (deed in Dutch)“Overdracht onder levenden, gehele of gedeeltelijke overdracht aandelen vennoot-rechtspersoon” (deed in Dutch)“Waardering overdracht, samen onafhankelijke expert met vertrouwen beiden” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “16.1, situaties en meerderheid zoals bepaald door artikel 4:16 Wetboek van Vennootschappen en Verenigingen” (deed in Dutch)“Vennootschap en overige vennoten beschikken over wettelijke en statutaire middelen indien vennootschapsbelang dreigt geschaad, 6.2” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Artikel 2:87 tot en met 2:92 Wetboek van Vennootschappen en Verenigingen zonder voorafgaande machtiging, 16.3” (deed in Dutch)“16.5, uitzonderlijk en in afwijking van voorgaande” (deed in Dutch)