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VITII

Active
Private limited companyfounded 2023active for 3 yearsAvenue des Biolleux 8, 4800 Verviers, BelgiumKBO/BCE: BE 1001.237.661
Summary

VITII has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.0m and a net result of -€624,626. Its solvency ranks better than 62% of 383 sector peers (NACE 28, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).

Overview

Activity
Manufacture of machinery and equipment not elsewhere classified
NACE 28295
1 site
Size
€2.0mtotal assets 2025
Staff
4.9 FTE
Equity
€1.0m
Loss
-€624,626
Financial health
63 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
1.3%
Structure
Largest shareholder
AQUATIC SCIENCE · 49.97%
2025 accounts filed 4 days late3 of 4 deeds summarised
Why 63raises risk1 change of registered office in 24 monthsLoss of €624,626, the second in a row (financial year 2025)Founded in 2023lowers riskSize: total assets €2.0mShow the evidence

Checked score

Score 2025
63 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 24% of its sector peers (NACE 28, small)
Financial strength · tick = 2024
Weak
Solvency 75-25
equity 50.3% of total assets
Liquidity 30-14
short-term debt 48.2% · cash 3.0%
Profitability 0=
return on assets -30.5%
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (291 companies, NACE 28, small)
Last 24 months 11-2024: 1.8% 12-2024: 1.8%● unchanged vs 11-2024 01-2025: 1.8%● unchanged vs 12-2024 02-2025: 2.3%▲ +0.5 percentage points vs 01-2025 03-2025: 4.4%▲ +2.1 percentage points vs 02-2025 04-2025: 4.8%▲ +0.4 percentage points vs 03-2025highest value 05-2025: 1.6%▼ -3.2 percentage points vs 04-2025 06-2025: 1.6%● unchanged vs 05-2025 07-2025: 1.6%● unchanged vs 06-2025 08-2025: 1.6%● unchanged vs 07-2025 09-2025: 1.6%● unchanged vs 08-2025 10-2025: 1.6%● unchanged vs 09-2025 11-2025: 1.6%● unchanged vs 10-2025 12-2025: 1.6%● unchanged vs 11-2025 01-2026: 2.0%▲ +0.4 percentage points vs 12-2025 02-2026: 2.2%▲ +0.2 percentage points vs 01-2026 03-2026: 2.4%▲ +0.2 percentage points vs 02-2026 04-2026: 2.6%▲ +0.2 percentage points vs 03-2026 05-2026: 2.9%▲ +0.3 percentage points vs 04-2026 06-2026: 1.4%▼ -1.5 percentage points vs 05-2026 07-2026: 1.3%▼ -0.1 percentage points vs 06-2026lowest value 08-2026: 1.3%● unchanged vs 07-2026 09-2026: 1.3%● unchanged vs 08-2026 10-2026: 1.3%● unchanged vs 09-2026
Credit of up to €60,000 on 30-day terms is acceptable
Liquidity insufficient (current ratio 0.46, compared with 0.86 in 2024, below 1; short-term debt: 48.2% and cash: 3% of total assets), and 49.7% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 28, small): better than 59% on solvency, 25% on liquidity, 3% on profitability and 9% on growth.

The bankruptcy probability was computed on 25-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

Credit check for your own amount and term

Show the recommended maximum and see how the verdict changes with amount, term and advance.

Signals

Six signals.
lowers riskraises risk
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
lowers risk · Size: total assets €2.0m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Loss of €624,626, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Founded in 2023
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
2425
2024 to 2025 · latest year -€624,626
raises risk · 2025 accounts filed 4 days late
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 04-05-2026, 4 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 2 filings
Deviation from the deadline
2025
4 days late
2024
19 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 2 accounts on average 8 days before the deadline; the sector median (NACE 28) for financial year 2024 is 11 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today.
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end26-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since incorporation in 2023.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Capital & sharesShare issue · Capital contribution
  3. Annual accounts filedfinancial year 2024 · full…

Financials · financial year 2025, full format

2025 annual accounts filed late (4 days) Filed on 4 May 2026, deadline 30 April 2026 (7 months after the close on 30 September 2025, Companies Code art. 3:10). Source: NBB, 2026-00100197.

Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€624,626▲ 35.6%
2024 · -€969,864
Working capital
-€528,668▼ 680%
2024 · -€67,819
Trend over the years

2024 to 2025, 2 financial years

The operating result stays negative: a loss of €594,391 in 2025 against €967,695 in 2024; the loss shrinks.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result-€0.6m 2025 Net result-€0.6m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 28, Manufacture of machinery and equipment not elsewhere classified: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result-€1.0m--€0.6m▲ 38.6%
Net result-€1.0mbelow the sector's middle half--€0.6mbelow the sector's middle half▲ 35.6%
Equity€1.5mwithin the sector's middle half-€1.0mwithin the sector's middle half▼ 32.7%
Total assets€2.0mwithin the sector's middle half-€2.0mwithin the sector's middle half▲ 2.4%
Debt€0.5m-€1.0m▲ 116%
Working capital-€0.07mbelow the sector's middle half--€0.5mbelow the sector's middle half▼ 680%
Solvency76.5%above the sector's middle half-50.3%within the sector's middle half▼ 26.2pp
Current ratio0.86below the sector's middle half-0.46below the sector's middle half▼ 0.39
Return on assets (ROA)-48.5%below the sector's middle half--30.5%below the sector's middle half▲ 18.0pp
Staff (FTE)5.8below the sector's middle half-4.9below the sector's middle half▼ 15.5%
above within below the middle half of NACE 28, Manufacture of machinery and equipment not elsewhere classified: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets €1.6m ▼ 0.6%
Current assets €459,281 ▲ 14.3%
Equity and liabilities €2.0m
Equity €1.0m ▼ 32.7%
Debt €1.0m ▲ 116%
Debt's share of the balance-sheet total rises from 23.5% to 49.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€551,063▲
2024 · -€559,852
Cash flow
-€581,298▼
2024 · -€562,021
Quick ratio
0.25▼
2024 · 0.39
Debt to equity
0.99▲
2024 · 0.31
ROE
-60.6%▲
2024 · -63.4%
Interest coverage
-18.61▲
2024 · -326.13
Debt ≤ 1 year
€987,949▲
2024 · €469,751
Income taxes
€768▼
2024 · €834
Staff costs
€348,007▼
2024 · €419,019
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 3,225 companies that looked in July 2024 the way this one looks now, 3.3% went bankrupt within 24 months and 87.7% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more
3.3% went bankrupt
8.7% stopped otherwise
87.7% still going

A further 0.2% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 1.3% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 3,225 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.0m€2.0m▲
Fixed assets21/28€1.6m€1.6m▼
Intangible fixed assets21€1.5m€1.4m▼
Tangible fixed assets22/27€0.1m€0.1m▲
Plant, machinery and equipment23€0.008m€0.004m▼
Furniture and vehicles24€0.007m€0.004m▼
Assets under construction and advance payments27€0.1m€0.1m▲
Current assets29/58€0.4m€0.5m▲
Stocks and contracts in progress3€0.2m€0.2m▼
Stocks30/36€0.2m€0.2m▼
Amounts receivable within one year40/41€0.1m€0.2m▲
Trade receivables40€0.1m€0.2m▲
Other amounts receivable41-€0.02m
Cash at bank and in hand54/58€0.04m€0.06m▲
Deferred charges and accrued income490/1€0.006m€0.003m▼
Equity and liabilities
Total equity and liabilities10/49€2.0m€2.0m▲
Equity10/15€1.5m€1.0m▼
Contributions10/11€2.5m€2.6m▲
Profit (loss) carried forward14-€1.0m-€1.6m▼
Amounts payable17/49€0.5m€1.0m▲
Amounts payable within one year42/48€0.5m€1.0m▲
Financial debts43€0.2m€0.5m▲
Other loans439€0.2m€0.5m▲
Trade debts44€0.3m€0.5m▲
Suppliers440/4€0.3m€0.5m▲
Taxes, remuneration and social security45€0.04m€0.03m▼
Taxes450/3€0.001m€0.001m▲
Remuneration and social security454/9€0.04m€0.03m▼
Accrued charges and deferred income492/3€0.001m€0.03m▲
Income statement Code20242025
Remuneration, social security and pensions62€0.4m€0.3m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.4m€0.04m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.004m€0▼
Other operating charges640/8€126€0.007m▲
Non-recurring operating charges66A-€0.001m
Gross operating margin9900-€0.1m-€0.2m▼
Operating profit (loss)9901-€1.0m-€0.6m▲
Financial income75/76B€381€137▼
Recurring financial income75€381€137▼
Financial charges65/66B€0.002m€0.03m▲
Recurring financial charges65€0.002m€0.03m▲
Profit (loss) for the period before taxes9903-€1.0m-€0.6m▲
Income taxes67/77€0.001m€0.001m▼
Profit (loss) for the period9904-€1.0m-€0.6m▲
Profit (loss) for the period to be appropriated9905-€1.0m-€0.6m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.0m-€1.6m▼
Profit (loss) brought forward from the previous period14P--€1.0m

The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20242025Change
Remuneration, social security and pensions62€419,019€348,007▼ 16.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€407,843€43,328▼ 89.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4,256€0▼ 100%
Other operating charges640/8€126€6,692▲ 53×
Non-recurring operating charges66A-€506-
Gross operating margin9900-€136,451-€195,857▼ 43.5%
Operating profit (loss)9901-€967,695-€594,391▲ 38.6%
Financial income75/76B€381€137▼ 64.0%
Recurring financial income75€381€137▼ 64.0%
Financial charges65/66B€1,717€29,605▲ 17×
Recurring financial charges65€1,717€29,605▲ 17×
Profit (loss) for the period before taxes9903-€969,030-€623,858▲ 35.6%
Income taxes67/77€834€768▼ 7.9%
Profit (loss) for the period9904-€969,864-€624,626▲ 35.6%
Profit (loss) for the period to be appropriated9905-€969,864-€624,626▲ 35.6%
Line20242025Change
Assets
Total assets20/58€2.0m€2.0m▲ 2.4%
Fixed assets21/28€1.6m€1.6m▼ 0.6%
Intangible fixed assets21€1.5m€1.4m▼ 1.0%
Tangible fixed assets22/27€0.1m€0.1m▲ 3.0%
Plant, machinery and equipment23€0.008m€0.004m▼ 52.3%
Furniture and vehicles24€0.007m€0.004m▼ 49.8%
Assets under construction and advance payments27€0.1m€0.1m▲ 9.6%
Current assets29/58€0.4m€0.5m▲ 14.3%
Stocks and contracts in progress3€0.2m€0.2m▼ 5.1%
Stocks30/36€0.2m€0.2m▼ 5.1%
Amounts receivable within one year40/41€0.1m€0.2m▲ 40.6%
Trade receivables40€0.1m€0.2m▲ 27.3%
Other amounts receivable41-€0.02m-
Cash at bank and in hand54/58€0.04m€0.06m▲ 40.1%
Deferred charges and accrued income490/1€0.006m€0.003m▼ 51.2%
Equity and liabilities
Total equity and liabilities10/49€2.0m€2.0m▲ 2.4%
Equity10/15€1.5m€1.0m▼ 32.7%
Contributions10/11€2.5m€2.6m▲ 5.0%
Profit (loss) carried forward14-€1.0m-€1.6m▼ 64.4%
Amounts payable17/49€0.5m€1.0m▲ 116%
Amounts payable within one year42/48€0.5m€1.0m▲ 110%
Financial debts43€0.2m€0.5m▲ 233%
Other loans439€0.2m€0.5m▲ 233%
Trade debts44€0.3m€0.5m▲ 64.8%
Suppliers440/4€0.3m€0.5m▲ 64.8%
Taxes, remuneration and social security45€0.04m€0.03m▼ 29.5%
Taxes450/3€0.001m€0.001m▲ 120%
Remuneration and social security454/9€0.04m€0.03m▼ 31.3%
Accrued charges and deferred income492/3€0.001m€0.03m▲ 36×
Line20242025Change
Profit (loss) for the period9904-€969,864-€624,626▲ 35.6%
+ Depreciation and write-downs630€407,843€43,328▼ 89.4%
Operating cash flow (approximation)-€562,021-€581,298▼ 3.4%
Investment in fixed assets (approximation)--€33,091-
Change in cash-€17,699-

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference
30-09-2025 full format 04-05-2026 2026-00100197
30-09-2024 full format 11-04-2025 2025-00067964

Similar companies · same sector, comparable size

Of the 62 active companies whose main activity is manufacture of machinery and equipment not elsewhere classified (NACE 28295), figures are known for 55. 40 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
1 director, last change in 2023

Board 1

LG ENGINEERING
Sole director · since 18-10-2023 · Private limited company · permanent representative: LACROIX Gauthier
Current

Permanent representatives 1

LACROIX Gauthier
Permanent representative · since 18-10-2023 · for LG ENGINEERING
Current
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →
Not every act has been read: a resignation may still be missing
1 of this company's 4 Belgian Official Gazette deeds has not been read yet. Appointments and resignations recorded in them are not yet in the list of directors: someone who resigned there may still be listed as sitting. The acts are in the Timeline.

Mandate history

1 person since 2023, 1 in office
Show
  • Board
Mandates per person, with start and end dates
Name Functions and periods
LG ENGINEERING
  • Sole director, from 18-10-2023 to date
See the board, name and registered office on a given date →

Owners and capital

Owners

1 owner

Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Shareholders according to the deeds
  • Ocedis €300,000 · souscription
At incorporation act of 18-10-2023 ↗
  • AQUATIC SCIENCE (BE 0861.153.429) 2,000 shares (100%) · €2,000,000 in kind

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 18-10-2023 Incorporation · €2,000,000 · 2,000 shares

Group and network

Connections & network

1 current director
Depth

The board mandates are listed below; here you explore them as a network.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

History

VITII was incorporated on 16 October 2023 as a private limited company by AQUATIC SCIENCE, with a starting capital of €2.0m.12 The registered office was moved to Verviers in 2025.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 18-10-2023
  3. 3Belgian Official Gazette, 11-02-2025
  4. 4National Bank, annual accounts 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 30-04-2027
2026
04-05
NBB filing Annual accounts filed
financial year 2025 · full format · 4 days late
05-02
Gazette deed Capital & shares
Share issue · Capital contribution8 facts ▸
  • General meeting, 15-01-2026
  • Other provision, “renonciation au rapport article 5:121 §1er, assemblée générale” (deed in French)
  • Share issue, 230, “émission” (deed in French)
  • Other provision, “renonciation au droit de préférence, actionnaires” (deed in French)
  • Share issue, 230, “offre en souscription” (deed in French)
  • Other provision, “administrateur, représentation du souscripteur” (deed in French)
  • Capital contribution, €300,000
  • Share issue, 230, “constatation,acceptation et attribution” (deed in French)
2025
11-04
NBB filing Annual accounts filed
financial year 2024 · full format
11-02
Gazette deed Registered office
Registered-office move2 facts ▸
  • Board meeting, 18-12-2024
  • Registered-office move, Zoning Industriel de Petit Rechain Avenue des Biolleux, 8 4800 Verviers
2023
18-10
Gazette deed Incorporation
Appointment: LG ENGINEERING (sole director) · Permanent representative: LACROIX Gauthier · Founder9 facts ▸
  • Founder, AQUATIC SCIENCE (comparant)
  • Incorporation, 16-10-2023
  • Founding capital, €2,000,000
  • Auditor report, “apport en nature à la constitution de VITII SRL, norme relative à mission du réviseur dans cadre d’apport en nature et quasi-apport de l’institut des réviseurs…” (deed in French)
  • Other provision, 06-10-2023
  • Capital
  • Pre-incorporation commitments, “reprise, engagements contractés en son nom” (deed in French)
  • Director appointment, LG ENGINEERING (sole director)
  • Permanent representative, LACROIX Gauthier
Gazette deedNBB filing
3 of 4 deeds read
About the unread acts

Of the 4 Belgian Official Gazette deeds we know for this company, 3 have been read. The other one has not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Register details

Identification
Legal formPrivate limited company
Founded16-10-2023
Financial year end30-09
Activities, NACEBEL 2025
28295Manufacture of machinery and equipment not elsewhere classified
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID 0208:1001237661
Also 9925:BE1001237661
Registered 31-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 25 October 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.

Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.

Sites & property

Location & real-estate footprint
Registered office, Verviers · 1 establishment unit since 2023
exact location from the address register On OpenStreetMap
Ground area
9,431 m²
Building footprint
1,310 m²
Building volume
9,101 m³
Parcel 63059A0349/00D002, Wallonia · tallest building 8.8 m. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Vitii srl
Parc Ind. des Hauts Sarts, 3e av 1, 4040 HerstalManufacture of machinery and equipment not elsewhere classified
since 2023unit no. 2.351.040.864
1 parcel
Wallonia 1 (100%)
Cadastral parcel Region Area Buildings Height / floors
63059A0349/00D002 Wallonia 9,431 m² 1 · 1,310 m² 8.8 m · 2
How the parcels are linked
Good to know
The parcel matches the address exactly.

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“La conception, le développement, l’amélioration, la fabrication, le commerce en gros et au détail, l’importation et l’exportation, la…” (deed in French)
Text of the purpose (deed in French)

“La conception, le développement, l’amélioration, la fabrication, le commerce en gros et au détail, l’importation et l’exportation, la distribution de produits, de matériel ou de services en relation avec des solutions de filtration biologiques et naturelles pour les piscines”

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
VITII
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région wallonne, peut établir ou supprimer sièges administratifs, exploitation, agences et succursales en Belgique et étranger par simple…” (deed in French)

deed of 18-10-2023

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“Un ou plusieurs, assemblee generale” (deed in French)

deed of 18-10-2023

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Cessions entre vifs et transmissions cause deces, convention actionnaires” (deed in French)
Share issue ruleHow and by whom new shares can be issued.
One provision in the deed

deed of 18-10-2023

Meetings and financial year

Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
Last Thursday of March at 17:00

deed of 18-10-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Décider dissolution ou mesures continuité annoncées ordre jour, actif net risque devenir ou devenu négatif” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Réparti égale entre toutes actions, paiement dettes et charges ou consignation sommes nécessaires” (deed in French)

deed of 18-10-2023

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

1 more provision in the deed, see the deed of 11-02-2025

deed of 11-02-2025