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Public limited companyfounded 1927active for 99 yearsZwaarveld 33, 9220 Hamme (Vl.), BelgiumKBO/BCE: BE 0405.055.865
Summary

TISCO is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €1.0m and a net result of €46,852. Equity remains stable across the filed financial years (±0% per year). Its solvency ranks better than 95% of 3,015 sector peers (NACE 64, financial year 2025). The company has been active since 1927 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Activities of holding companies
NACE 64210
Oldest company in Hamme, Finance and insurance sector1 site
Size
€1.0mtotal assets 2025
Equity
€1.0m
Profit
€46,852
Financial health
Financial institution: outside the modelBankruptcy probability: sector outside the model
Structure
Parent
ECA · 99%
  • Luc ChristiaenManaging director
  • Martine ChristiaenDirector
  • Nicky ChristiaenDirector
2025 accounts 44 days early3 of 14 deeds summarised
SignalsneutralLatest accounts filed on timeShow the evidence

Checked score

Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Bankruptcy probability, 12 months

This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 17-03-2026, 44 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
44 days early
2024
20 days early
2023
78 days early
2022
62 days early
2021
79 days early
2020
79 days early
2019
78 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 63 days before the deadline; the sector median (NACE 64) for financial year 2024 is 14 days before the deadline, and 28% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 27 February (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end26-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Liquidity more than 7 timescurrent ratio 180.29
  3. Equity above €1mequity €1.0m ▲4.7%

Financials · financial year 2025, full format

Equity
€1.0m▲ 4.7%
2024 · €992,536
Net result
€46,852▼ 49.9%
2024 · €93,601
Total assets
€1.0m▲ 1.5%
2024 · €1.0m
Solvency
99.6%▲ 3.1pp
2024 · 96.5%
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result recovers in 2025; 2025 is 0% above 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€0.05m 2025 Net result€0.05m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result-€0.08m--€0.09m▼ 6.8%€0.02m€0.04m▲ 97.5%€0.05m▲ 45.8%€0.05m▼ 1.6%€0.05m▲ 0.3%
Net result€0.01m-€0.002mwithin the sector's middle half▼ 80.1%€0.05mwithin the sector's middle half▲ 24×€0.06mwithin the sector's middle half▲ 9.9%€0.1mwithin the sector's middle half▲ 120%€0.09mwithin the sector's middle half▼ 24.1%€0.05mwithin the sector's middle half▼ 49.9%
Equity€5.3m-€5.3mwithin the sector's middle half=€5.3mwithin the sector's middle half▲ 1.0%€5.4mwithin the sector's middle half▲ 1.1%€5.5mwithin the sector's middle half▲ 2.3%€1.0mwithin the sector's middle half▼ 81.9%€1.0mwithin the sector's middle half▲ 4.7%
Total assets€5.3m-€5.3mwithin the sector's middle half▲ 0.1%€5.3mwithin the sector's middle half▲ 0.8%€5.4mwithin the sector's middle half▲ 1.5%€5.5mwithin the sector's middle half▲ 2.7%€1.0mbelow the sector's middle half▼ 81.5%€1.0mbelow the sector's middle half▲ 1.5%
Debt€0.008m-€0.009m▲ 18.1%€0.02m€0.05m▲ 99.3%€0.04m▼ 26.5%€0.005m▼ 87.1%
Working capital€5.0m-€5.0mabove the sector's middle half▲ 0.2%€5.1mabove the sector's middle half€5.3mabove the sector's middle half▲ 2.5%€0.8mwithin the sector's middle half▼ 85.2%€0.8mwithin the sector's middle half▲ 6.9%
Solvency99.9%-99.8%above the sector's middle half=100.0%above the sector's middle half▲ 0.2pp99.5%above the sector's middle half▼ 0.5pp99.1%above the sector's middle half▼ 0.4pp96.5%above the sector's middle half▼ 2.6pp99.6%above the sector's middle half▲ 3.1pp
Current ratio23.30above the sector's middle half
Return on assets (ROA)0.2%-0.0%within the sector's middle half▼ 0.2pp1.0%within the sector's middle half▲ 0.9pp1.0%within the sector's middle half▲ 0.1pp2.2%within the sector's middle half▲ 1.2pp9.1%above the sector's middle half▲ 6.9pp4.5%within the sector's middle half▼ 4.6pp
above within below the middle half of NACE 64, Financial service activities, except insurance and pension funding: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets €203,404 ▼ 3.7%
Current assets €840,647 ▲ 2.9%
Equity and liabilities €1.0m
Equity €1.0m ▲ 4.7%
Debt €4,663 ▼ 87.1%
Debt's share of the balance-sheet total falls from 3.5% to 0.4%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
ROE
4.5%▼
2024 · 9.4%
Debt ≤ 1 year
€4,663▼
2024 · €35,076
Income taxes
€22,241▼
2024 · €34,949
A ratio outside any meaningful range has been withheld (balance sheet total €1.0m, equity €1.0m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet Code20242025
Assets
Total assets20/58€1.0m€1.0m▲
Fixed assets21/28€0.2m€0.2m▼
Tangible fixed assets22/27€0.2m€0.2m▼
Land and buildings22€0.2m€0.2m=
Plant, machinery and equipment23€0.04m€0.03m▼
Financial fixed assets28€0.001m€0.001m=
Other financial fixed assets284/8€0.001m€0.001m=
Amounts receivable and cash guarantees285/8€0.001m€0.001m=
Current assets29/58€0.8m€0.8m▲
Amounts receivable within one year40/41€0.007m€0.03m▲
Trade receivables40€0.007m€0.02m▲
Other amounts receivable41-€0.02m
Current investments50/53€0.7m€0.7m=
Other investments51/53€0.7m€0.7m=
Cash at bank and in hand54/58€0.09m€0.09m▼
Deferred charges and accrued income490/1€0.02m€0.02m▼
Equity and liabilities
Total equity and liabilities10/49€1.0m€1.0m▲
Equity10/15€1.0m€1.0m▲
Contributions10/11€0.4m€0.4m=
Capital10€0.4m€0.4m=
Issued capital100€0.4m€0.4m=
Reserves13€0.6m€0.6m▲
Non-distributable reserves130/1€0.04m€0.04m=
Legal reserve130€0.04m€0.04m=
Tax-exempt reserves132€0.07m€0.07m=
Distributable reserves133€0.5m€0.5m▲
Amounts payable17/49€0.04m€0.005m▼
Amounts payable within one year42/48€0.04m€0.005m▼
Trade debts44€0.001m€0.005m▲
Suppliers440/4€0.001m€0.005m▲
Taxes, remuneration and social security45€0.03m-
Taxes450/3€0.03m-
Accrued charges and deferred income492/3€0.001m-
Income statement Code20242025
Operating income70/76A€0.1m€0.1m▼
Other operating income74€0.1m€0.1m▼
Operating charges60/66A€0.07m€0.07m▼
Services and other goods61€0.02m€0.02m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.008m€0.008m=
Other operating charges640/8€0.05m€0.05m▲
Operating profit (loss)9901€0.05m€0.05m▲
Financial income75/76B€0.07m€0.02m▼
Recurring financial income75€0.07m€0.02m▼
Income from current assets751€0.07m€0.02m▼
Financial charges65/66B€301€345▲
Recurring financial charges65€301€345▲
Debt charges650-€21
Other financial charges652/9€301€324▲
Profit (loss) for the period before taxes9903€0.1m€0.07m▼
Income taxes67/77€0.03m€0.02m▼
Taxes670/3€0.03m€0.02m▼
Profit (loss) for the period9904€0.09m€0.05m▼
Profit (loss) for the period to be appropriated9905€0.09m€0.05m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.09m€0.05m▼
Transfer from equity791/2€4.6m-
From reserves792€4.6m-
Transfer to equity691/2€0.09m€0.05m▼
To other reserves6921€0.09m€0.05m▼
Profit to be distributed694/7€4.6m-
Return on contributions (dividend)694€4.6m-

The notes to these accounts (16 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2019202020212022202320242025Change
Operating income70/76A---€102,428€123,726€128,517€128,041▼ 0.4%
Other operating income74---€102,428€123,726€128,517€128,041▼ 0.4%
Operating charges60/66A---€64,885€69,005€74,654€74,032▼ 0.8%
Services and other goods61---€15,925€16,789€20,130€17,861▼ 11.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€605€7,850€7,850€7,850€7,850€7,850€7,850=
Other operating charges640/8---€41,110€44,366€46,674€48,321▲ 3.5%
Operating profit (loss)9901-€84,641-€90,360€19,011€37,543€54,722€53,863€54,009▲ 0.3%
Financial income75/76B---€41,253€113,833€74,988€15,430▼ 79.4%
Recurring financial income75€95,576€93,563€50,449€41,253€113,833€74,988€15,430▼ 79.4%
Income from current assets751---€41,253€113,833€74,988€15,430▼ 79.4%
Financial charges65/66B---€2,324€271€301€345▲ 14.5%
Recurring financial charges65€331€286€1,311€2,324€271€301€345▲ 14.5%
Debt charges650------€21-
Other financial charges652/9---€2,324€271€301€324▲ 7.5%
Profit (loss) for the period before taxes9903€10,603€2,917€68,150€76,473€168,284€128,550€69,093▼ 46.3%
Income taxes67/77-€807€17,105€20,387€44,910€34,949€22,241▼ 36.4%
Taxes670/3---€20,387€44,910€34,949€22,241▼ 36.4%
Profit (loss) for the period9904€10,603€2,110€51,044€56,085€123,374€93,601€46,852▼ 49.9%
Profit (loss) for the period to be appropriated9905€10,603€2,110€51,044€56,085€123,374€93,601€46,852▼ 49.9%
Line2019202020212022202320242025Change
Assets
Total assets20/58€5.3m€5.3m€5.3m€5.4m€5.5m€1.0m€1.0m▲ 1.5%
Fixed assets21/28€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m▼ 3.7%
Tangible fixed assets22/27€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m€0.2m▼ 3.7%
Land and buildings22---€0.2m€0.2m€0.2m€0.2m=
Plant, machinery and equipment23---€0.05m€0.05m€0.04m€0.03m▼ 20.3%
Financial fixed assets28€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m€0.001m=
Other financial fixed assets284/8---€0.001m€0.001m€0.001m€0.001m=
Amounts receivable and cash guarantees285/8---€0.001m€0.001m€0.001m€0.001m=
Current assets29/58€5.0m€5.0m€5.1m€5.2m€5.3m€0.8m€0.8m▲ 2.9%
Amounts receivable after more than one year29---€4.5m€4.6m---
Other amounts receivable291---€4.5m€4.6m---
Amounts receivable within one year40/41--€0.003m€0.009m€0.02m€0.007m€0.03m▲ 362%
Trade receivables40---€0.009m€0.02m€0.007m€0.02m▲ 137%
Other amounts receivable41------€0.02m-
Current investments50/53-----€0.7m€0.7m=
Other investments51/53-----€0.7m€0.7m=
Cash at bank and in hand54/58€0.2m€1.0m€1.1m€0.6m€0.7m€0.09m€0.09m▼ 0.1%
Deferred charges and accrued income490/1---€0.05m€0.02m€0.02m€0.02m▼ 17.4%
Equity and liabilities
Total equity and liabilities10/49€5.3m€5.3m€5.3m€5.4m€5.5m€1.0m€1.0m▲ 1.5%
Equity10/15€5.3m€5.3m€5.3m€5.4m€5.5m€1.0m€1.0m▲ 4.7%
Contributions10/11€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m€0.4m=
Capital10---€0.4m€0.4m€0.4m€0.4m=
Issued capital100---€0.4m€0.4m€0.4m€0.4m=
Revaluation surpluses12---€0.07m----
Reserves13€4.8m€4.8m€4.8m€4.9m€5.1m€0.6m€0.6m▲ 8.3%
Non-distributable reserves130/1---€0.04m€0.04m€0.04m€0.04m=
Legal reserve130---€0.04m€0.04m€0.04m€0.04m=
Tax-exempt reserves132----€0.07m€0.07m€0.07m=
Distributable reserves133---€4.8m€5.0m€0.5m€0.5m▲ 10.4%
Profit (loss) carried forward14€0.04m-------
Amounts payable17/49€0.008m€0.009m-€0.02m€0.05m€0.04m€0.005m▼ 87.1%
Amounts payable within one year42/48€0.008m€0.001m-€0.02m€0.05m€0.04m€0.005m▼ 86.7%
Trade debts44---€0.004m€0.004m€0.001m€0.005m▲ 321%
Suppliers440/4---€0.004m€0.004m€0.001m€0.005m▲ 321%
Taxes, remuneration and social security45---€0.02m€0.04m€0.03m--
Taxes450/3---€0.02m€0.04m€0.03m--
Accrued charges and deferred income492/3-----€0.001m--
Line2019202020212022202320242025Change
Profit (loss) for the period9904€10,603€2,110€51,044€56,085€123,374€93,601€46,852▼ 49.9%
+ Depreciation and write-downs630€605€7,850€7,850€7,850€7,850€7,850€7,850=
Operating cash flow (approximation)€11,208€9,960€58,894€63,935€131,223€101,451€54,702▼ 46.1%
Investment in fixed assets (approximation)--€5,957€0€0€0€0-€0-
Change in cash-€780,392€45,561-€448,871€73,711-€593,957-€77▲ 100.0%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 48 filings with the National Bank
Financial year Type Filed Reference
30-09-2025 full format 17-03-2026 2026-00056794
30-09-2024 full format 10-04-2025 2025-00068434
30-09-2023 full format 12-02-2024 2024-00029832
30-09-2022 full format 27-02-2023 2023-00033934
30-09-2021 full format 10-02-2022 2022-05300392
30-09-2020 full format 10-02-2021 2021-05100431
30-09-2019 full format 12-02-2020 2020-04900154
30-09-2018 full format 13-02-2019 2019-05000092
30-09-2017 full format 05-02-2018 2018-04500109
30-09-2016 full format 13-02-2017 2017-04400496

Show all 48 filings

Similar companies · same sector, comparable size

Of the 24,459 active companies whose main activity is activities of holding companies (NACE 64210), figures are known for 20,049. 12,640 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
under verification, last change in 2024
This board is reconstructed from a single act (24007411). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.

Board 3

Luc Christiaen
Director
Current
Martine Christiaen
Director
Current
Nicky Christiaen
Director
Current

Day-to-day management 1

Luc Christiaen
Managing director
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
11 of this company's 14 Belgian Official Gazette deeds have not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

3 people since 2024, 3 in office
Show
  • Board
  • Day-to-day management
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Luc Christiaen
  • Director, since before 11-01-2024
  • Managing director, since before 11-01-2024
Martine Christiaen
  • Director, since before 11-01-2024
Nicky Christiaen
  • Director, since before 11-01-2024
See the board, name and registered office on a given date →

Owners and capital

Owners

1 owner

Chain of control

  1. ECA 99%
  2. TISCO

Highest known parent: ECA. The sources do not say who stands above it.

Owners 1

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Group and network

Connections & network

3 current directors
Depth

The network starts from this company’s directors. Other companies they run appear here as nodes.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

On 21 September 1927, TISCO was incorporated.1 Total assets went from €5.3m in 2019 to €1.0m in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2019 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 30-04-2027
2026
17-03
NBB filing Annual accounts filed
financial year 2025 · full format
2025
30-09
Financial Liquidity more than 7 timescurrent ratio 180.29
Current ratio from 23.30 to 180.29; short-term debt falls from €35,076 to €4,663.
30-09
Financial Equity above €1mequity €1.0m ▲4.7%
A profit in every financial year since 2019 builds equity to €1.0m.
10-04
NBB filing Annual accounts filed
financial year 2024 · full format
2024
12-02
NBB filing Annual accounts filed
financial year 2023 · full format
11-01
Gazette deed Reappointment: Peter Leyns (statutory auditor)
2 facts ▸
  • General meeting, 09-01-2023
  • Auditor reappointment, Peter Leyns (statutory auditor)
11-01
Gazette deed Reappointments: Martine Christiaen, Luc Christiaen and Nicky Christiaen
6 facts ▸
  • General meeting, 10-01-2022
  • Director reappointment, Martine Christiaen (director)
  • Director reappointment, Luc Christiaen (director)
  • Director reappointment, Nicky Christiaen (director)
  • Board meeting, 13-12-2021
  • Director reappointment, Luc Christiaen (managing director)
05-01
Gazette deed Amendment of the articles
Capital contribution · Registered office clause4 facts ▸
  • General meeting, 19-12-2023
  • Amendment of the articles (2 times)
  • Capital contribution
  • Registered office clause, “9220 Hamme,Zwaarveld 33” (deed in Dutch)
2023
30-09
Financial Highest result from 2019 to 2025net €123,374 ▲120%
Operating result €54,722, net result €123,374, both a record.
27-02
NBB filing Annual accounts filed
financial year 2022 · full format
2022
10-02
NBB filing Annual accounts filed
financial year 2021 · full format
2021
10-02
NBB filing Annual accounts filed
financial year 2020 · full format
Show earlier events
2020
30-09
Financial Weakest financial yearnet €2,110 ▼80.1%
Net result drops to €2,110, the lowest in the series; recovery starts the following year.
30-09
Financial Liquidity more than 9 timescurrent ratio 6237.06
Current ratio from 639.30 to 6237.06; short-term debt falls from €7,865 to €807.
12-02
NBB filing Annual accounts filed
financial year 2019 · full format
2019
13-02
NBB filing Annual accounts filed
financial year 2018 · full format
2018
05-02
NBB filing Annual accounts filed
financial year 2017 · full format
2017
13-02
NBB filing Annual accounts filed
financial year 2016 · full format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 48 annual accounts filed, the latest 10 are here; all 48 are under Financials.
3 of 14 deeds read
About the unread acts

Of the 14 Belgian Official Gazette deeds we know for this company, 3 have been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPublic limited company
Founded21-09-1927
Financial year end30-09
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID 0208:0405055865
Registered 21-10-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 26 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Hamme (Vl.) · 1 establishment unit since 1927
registered office establishment The establishment unit on the map
Ground area
3.0 ha
Building footprint
1.1 ha
Building volume
68,360 m³
Parcel 42452C0101/00D000, Flanders · tallest building 9.2 m. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 establishment unit
TISCO
Zwaarveld 33, 9220 Hamme (Vl.)Manufacture of textiles
since 1927unit no. 2.003.027.234
1 parcel
Flanders 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
42452C0101/00D000 Flanders 3.0 ha 1 · 1.1 ha 9.2 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“De fabricatie van en handel in: lint,band,singles en weefsels in de breedste zin zo van kwaliteit als samenstelling insluitend de…” (deed in Dutch)
Text of the purpose (deed in Dutch)

“De fabricatie van en handel in: lint,band,singles en weefsels in de breedste zin zo van kwaliteit als samenstelling insluitend de voorbereidende activiteiten en de nabehandelingen van deze artikelen,alsook van alle artikels dienend voor de breigoednijverheid en van welkdanige activiteit welke direct of indirect iets te maken heeft met deze industrie of handel.”

The full purpose is in the deed

Name clauseThe name the company operates under according to its articles.
TISCO
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, 2” (deed in Dutch)

deed of 05-01-2024

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Verder kan de raad van bestuur één of meerdere directeurs aanduiden, en tevens welbepaalde bevoegdheden met betrekking tot het stellen van…”
Board ruleHow the board is made up, meets and takes decisions.
“Eenvoudige meerderheid van aanwezige en vertegenwoordigde aandelen, 3” (deed in Dutch)
“Algemene vergadering kan afwijken bij gewone meerderheid van stemmen, onbezoldigd” (deed in Dutch)

deed of 05-01-2024

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Second Monday of January at 15:00

deed of 05-01-2024

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

Other provision: “Reserves,winstverdeling,vereffeningsresultaat,interimdividend, 7” (deed in Dutch)
Other provision: “Voorzitterschap raad van bestuur, bij belet plaatsvervanger gekozen door andere aanwezige bestuurders” (deed in Dutch)
Other provision: “Bijeenroeping en besluitvorming raad van bestuur, meerderheid van leden tegenwoordig” (deed in Dutch)
Other provision: “Bevoegdheden raad van bestuur, meest uitgebreide bevoegdheden voor daden van beschikking en bestuur binnen perken voorwerp” (deed in Dutch)
Other provision: “Dagelijks bestuur, raad mag dagelijks bestuur opdragen aan één of meer leden,afgevaardigde-bestuurder genoemd” (deed in Dutch)
Other provision: “Enkel in gevallen waarin wet voorziet controle financiële toestand,jaarrekening en regelmatigheid opgedragen aan één of meer commissarissen…” (deed in Dutch)
2 more provisions in the deed, see the deed of 05-01-2024

deed of 05-01-2024