TRUE
ActiveSummary
TRUE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141,050 and a net result of €76,421. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 35% of 593 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- Vlaams Gewest, zetel kan verplaatst worden in het Vlaams Gewest bij besluit van het bestuursorgaan
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 11. Iedere bestuurder heeft de meest uitgebreide bevoegdheid om alleen alle handelingen te stellen die nodig of dienstig zijn voor…”
- Board ruleHow the board is made up, meets and takes decisions.
- Handelingen waarvoor volgens Wetboek van vennootschappen en verenigingen alleen algemene vergadering bevoegd is, 11 more provision on this in the deed
Capital, shares and profit
- Share classWhich classes of shares exist and what rights each class carries.
- 100Op naam, artikel 5:24 Wetboek van vennootschappen en verenigingen
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- Artikelen 5:63 en volgende Wetboek van vennootschappen en verenigingen, behoudens andersluidende overeenkomst
- Share issue ruleHow and by whom new shares can be issued.
- One provision 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.
- Last Wednesday of June at 20:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- Algemene vergadering, vormen vereist voor statutenwijzigingArtikel 5:153 §1 Wetboek van vennootschappen en verenigingen, artikel 5:153 §2 Wetboek van vennootschappen en verenigingen
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- Recht algemene vergadering om één of meerdere vereffenaars aan te duiden,bevoegdheden te omlijnen en vergoeding te bepalen, bestuurder(s) in…