UNIVERSAL PROMOTIONS
ActiveSummary
The computed 12-month bankruptcy probability of UNIVERSAL PROMOTIONS is 3.7% (moderate). The annual accounts of UNIVERSAL PROMOTIONS for financial year 2024 show a net loss of 56% of total assets. The 2024 annual accounts show equity of €2,858 and a net result of -€1,587. The company has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals.
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.
- UNIVERSAL PROMOTIONS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Enkel besluit, bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking, algemene vergadering” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Helft overdrager en helft koper(s), nietigheid” (deed in Dutch)
- Share issue ruleHow and by whom new shares can be issued.
- “Naar evenredigheid aantal aandelen in bezit, Inbreng in geld met uitgifte nieuwe aandelen-Recht van voorkeur” (deed in Dutch)
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- “In vormen vereist voor statutenwijziging, op elk moment door beslissing algemene vergadering” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Bestuurder(s) in functie krachtens statuten indien geen andere vereffenaar benoemd, één of meerdere vereffenaars aanduiden,bevoegdheden…” (deed in Dutch)