Summary
The computed 12-month bankruptcy probability of VCB Works is 1.9% (moderate). The company has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. No annual accounts have been filed with the National Bank.
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.
- VCB Works
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- 2 provisions in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde duur, meest uitgebreide machten van bestuur en beschikking,alles nodig of nuttig voor voorwerp,uitgezonderd…” (deed in Dutch)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Overdracht onder levenden, gehele of gedeeltelijke overdracht aandelen van vennoot-rechtspersoon gelijkgesteld” (deed in Dutch)“Waardering overdracht, artikel 4:19 derde lid WVV behoudt aanvullende werking” (deed in Dutch)2 more provisions on this 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.
- First Friday of June at 14:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Artikel 2:87 tot en met 2:92 WVV zonder voorafgaande machtiging AV, meerdere vereffenaars beslissen en treden op als college met meerderheid…” (deed in Dutch)