Summary
WALCORP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €89,345 and a net result of €23,247. Its solvency ranks better than 36% of 6,651 sector peers (NACE 64, financial year 2025). The company has been active since 2024 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.
- WALCORP
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, La société peut établir, par simple décision de l’organe d’administration, des sièges administratifs, agences, ateliers…” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 16. Pouvoirs de l’organe d’administration S’il n’y a qu’un seul administrateur, la totalité des pouvoirs d’administration lui est…”
- Daily managementWho may handle the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Nommés avec ou sans limitation de durée, Lorsque les administrateurs constituent un organe collégial et que la place d’un administrateur…” (deed in French)“Rémunération des administrateurs, majorité absolue des voix” (deed in French)“1, à dater du dépôt au greffe d'une expédition de l'acte constitutif” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Droit égal, droit égal” (deed in French)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Répartition des bénéfices et réserves, organe d'administration” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Friday of June at 17:00
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Admission à l'assemblée générale, si seul le droit de vote est suspendu, il peut toujours participer à l'assemblée générale sans pouvoir…” (deed in French)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Délibérations et vote à l'assemblée générale, majorité des voix, quel que soit le nombre de titres représentés à l'assemblée générale” (deed in French)
- Written decisionsDecisions without a meeting, when everyone involved agrees in writing.
- “Toutes les décisions qui relèvent du pouvoir de l'assemblée générale, décisions qui doivent être reçues dans un acte authentique” (deed in French)
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
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Un ou plusieurs, Lorsque la loi l'exige et dans les limites qu'elle prévoit” (deed in French)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Délibérant comme en matière de modification des statuts, assemblée générale” (deed in French)“En tout temps, formes prévues pour les modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Si aucun autre liquidateur n'aurait été désigné, administrateurs en fonction” (deed in French)