Summary
TORO has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low). No annual accounts have been filed with the National Bank.
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het verlenen van advies bij werken in onroerende staat met betrekking tot renovatiewerken en isolatiewerken van gebouwen met uitzondering…” (deed in Dutch)
4 activities (deed in Dutch)
- Het verlenen van advies bij werken in onroerende staat met betrekking tot renovatiewerken en isolatiewerken van gebouwen met uitzondering van activiteiten die zijn voorbehouden aan architecten.
- Trading en speculeren op deviezen
- Beheer van eigen en/of gehuurd onroerend goed
- Aankoop,verbouwing en verkoop van eigen onroerend goed
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- TORO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, overbrenging binnen Nederlandstalig landsgedeelte op verzoek van zaakvoerder” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each manager alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Zaakvoerder(s), 1” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Onderling akkoord,bij gebreke deskundige, overdracht onder levenden aan medevennoot of derde” (deed in Dutch)“Akkoord alle andere vennoten, geen zegels,geen gerechtelijke inventaris,geen belemmering” (deed in Dutch)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Winstverdeling en reservevorming, meerderheid van stemmen van vennoten” (deed in Dutch)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 July to 30 June
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Artikel 12 Jaarvergadering - Buitengewone algemene vergadering De jaarvergadering zal gehouden worden op de achttiende kalenderdag van de…” (deed in Dutch)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Meerderheid van stemmen van vennoten, aantal,bevoegdheden,bezoldiging,wijze van vereffening” (deed in Dutch)