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TIMEX

Active
Private limited companyfounded 2007active for 18 yearsFrançois Folielaan 26, 1180 Ukkel, BelgiumKBO/BCE: BE 0894.442.443
Summary

TIMEX has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €440,097 and a net result of -€66,578. Equity is growing by about 9.9% per year across the filed financial years. Its solvency ranks better than 45% of 1,135 sector peers (NACE 77, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).

Risk analysisFollow ReportCompare
TIMEXActiveChecked score 69/100
Risk analysis ReportCompare

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.
TIMEX
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 en Belgique et à l'étranger par simple décision…” (deed in French)

deed of 19-09-2023

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Avec ou sans limitation de durée, Article 10” (deed in French)

deed of 19-09-2023

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Nominatives, Article 8” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Sans agrément, Article 9” (deed in French)
Share issue ruleHow and by whom new shares can be issued.
“Article 7, jusqu'à émission entièrement souscrite ou plus aucun actionnaire ne se prévale” (deed in French)

deed of 19-09-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Assemblée générale, prévues pour modifications statuts” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Administrateurs en fonction liquidateurs si aucun autre désigné, quelque cause et moment” (deed in French)

deed of 19-09-2023

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

Other provision: “Appels de fonds, 6” (deed in French)
Other provision: “Gestion journalière, Article 13” (deed in French)
Other provision: “Contrôle de la société, Article 14” (deed in French)
Other provision: “Assemblée générale-tenue,convocation,procédure écrite, Article 15” (deed in French)
Other provision: “Séances-procès-verbaux, tenu au siège” (deed in French)
Other provision: “Délibérations-vote, majorité voix quel que soit nombre représenté” (deed in French)
Other provision: “Organe d’administration, n’annule pas autres décisions sauf contraire” (deed in French)
Other provision: “Répartition-réserves, assemblée générale sur proposition organe d’administration” (deed in French)
Liquidation distribution: “Apurement dettes charges frais ou consignation, actif net entre actionnaires en proportion actions” (deed in French)
Other provision: “Élection de domicile, actionnaire administrateur commissaire liquidateur porteur obligations domicilié étranger” (deed in French)
Other provision: “Compétence judiciaire, société actionnaires administrateurs commissaires liquidateurs affaires société exécution statuts” (deed in French)
Other provision: “Droit commun, censées non écrites” (deed in French)
8 more provisions in the deed, see the deed of 19-09-2023

deed of 19-09-2023

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