Updrive
ActiveSummary
Updrive has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€3,719) and a net result of €448. Equity is shrinking by about 8.2% per year across the filed financial years. Its solvency ranks better than 5% of 21,120 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
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.
- Updrive
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale, transfert en tout endroit de la Région de Bruxelles-Capitale ou de la région de langue française de Belgique…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Chaque administrateur représente la société à l’égard des tiers et en justice, soit en demandant, soit en défendant. Limitations…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Nombre,durée mandat,pouvoirs en cas de pluralité, organe d'administration” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, actions” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Actif net tel que dernier bilan approuvé en tenant compte des plus-values et moins-values non exprimées et de l'évolution de l'avoir social…” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 15 June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Dissolution par décision de l’assemblée générale délibérant comme en matière de modification des statuts” (deed in French)