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VISUAL ART FAIR USE

Active
Private limited companyfounded 2014active for 11 yearsAvenue Albert-et-Elisabeth 32, 1400 Nivelles, BelgiumKBO/BCE: BE 0567.865.813
Summary

The annual accounts of VISUAL ART FAIR USE for financial year 2025 show a net loss of 89% of total assets and of 51% of the equity at the start of that year. The 2025 annual accounts show equity of €12,190 and a net result of -€12,512. Equity is shrinking by about 21% per year and would, assuming unchanged policy, indicatively turn negative around financial year 2027. Its solvency ranks better than 90% of 203 sector peers (NACE 38, financial year 2025). The company has been active since 2014 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).

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VISUAL ART FAIR USEActiveChecked score 55/100
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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.
VISUAL ART FAIR USE
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région wallonne, établir ou supprimer sièges d’exploitation par simple décision organe d’administration” (deed in French)

deed of 18-06-2025

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.
“Avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)
“Portée aux frais généraux, assemblée générale” (deed in French)

deed of 18-06-2025

Capital, shares and profit

Kind of sharesWhich classes of shares exist and what rights each class carries.
“Nominatives, requises par le Code des sociétés et des associations” (deed in French)
Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Moitié cédant et moitié acquéreurs proportionnellement au nombre acquis s'ils sont plusieurs, toutes cessions entre vifs à titre onéreux ou…” (deed in French)
Share issue ruleHow and by whom new shares can be issued.
One provision in the deed

deed of 18-06-2025

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Fourth Friday of June at 18:00

deed of 18-06-2025

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Formes prévues pour modifications aux statuts, assemblée générale” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Administrateurs en fonction, pouvoirs et émoluments” (deed in French)

deed of 18-06-2025

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Appels de fonds” (deed in French)
Other provision: “Nominatifs, nature des autres titres” (deed in French)
Other provision: “Tous actes nécessaires ou utiles à l'accomplissement de l'objet, pouvoir d'administration interne” (deed in French)
Other provision: “Un ou plusieurs commissaires, contrôle de la société” (deed in French)
Other provision: “Toutes décisions relevant du pouvoir de l'assemblée générale, Assemblée générale par procédure écrite” (deed in French)
Other provision: “Admission à l'assemblée générale, titulaire titres nominatifs inscrit dans registre catégorie” (deed in French)
Other provision: “Séances-Procès-verbaux, signées par un ou plusieurs membres organe d'administration ayant pouvoir représentation” (deed in French)
Other provision: “À toute personne actionnaire ou non par tout moyen transmission procuration écrite, Délibérations” (deed in French)
Other provision: “Prorogation, organe d'administration” (deed in French)
Other provision: “Répartition-réserves, bénéfice exercice en cours ou précédent tant que comptes non approuvés” (deed in French)
Liquidation distribution: “Actif net réparti entre actionnaires en proportion actions, apurement dettes charges frais ou consignation” (deed in French)
Other provision: “Siège, communications sommations assignations significations” (deed in French)
Other provision: “Droit commun” (deed in French)
3 more provisions in the deed, see the deed of 18-06-2025

deed of 18-06-2025

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