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WALEC

Active
Private limited companyfounded 2007active for 19 yearsChaussée de Tournai 19, 7800 Ath, BelgiumKBO/BCE: BE 0890.416.448
Summary

WALEC has been active since 2007 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €67,921 and a net result of -€42,684. Equity is shrinking by about 4.4% per year across the filed financial years. Its solvency ranks better than 39% of 22,679 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 1.1% (low).

Risk analysisFollow ReportCompare
WALECActiveChecked score 64/100
Risk analysis ReportCompare

Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“La vente en gros et au détail de chaussures pour femmes,hommes et enfants,tous habits et accessoires de cuir,bijoux et particulièrement…” (deed in French)
Text of the purpose (deed in French)

“La vente en gros et au détail de chaussures pour femmes,hommes et enfants,tous habits et accessoires de cuir,bijoux et particulièrement bijoux de fantaisie,objets de décoration,maroquinerie,articles cadeaux,tous articles textiles,montres,bijoux argent et bijoux or”

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.
WALEC
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Région wallonne, organe d’administration” (deed in French)

deed of 29-06-2023

Who represents it, and how

Board ruleHow the board is made up, meets and takes decisions.
“1, organe d'administration” (deed in French)

deed of 29-06-2023

Capital, shares and profit

Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
“Moitié cédant moitié acquéreurs proportionnellement, même formalités si non actionnaires de plein droit” (deed in French)
Share issue ruleHow and by whom new shares can be issued.
“Actionnaires existants proportionnellement, apport en numéraire avec émission nouvelles actions-droit de préférence” (deed in French)

deed of 29-06-2023

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
“Prévues pour modifications aux statuts, en tout temps” (deed in French)
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Dissolution pour quelque cause et à quelque moment, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)

deed of 29-06-2023

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

Other provision: “1, contrôle de la société” (deed in French)
Other provision: “Admission assemblée générale, inscrit registre titres nominatifs catégorie” (deed in French)
Other provision: “Délibérations, actions sans droit de vote” (deed in French)
Other provision: “Trois semaines, organe d'administration” (deed in French)
Other provision: “Répartition bénéfices-réserves, assemblée générale sur proposition organe d'administration” (deed in French)
Liquidation distribution: “Apurement dettes charges frais liquidation ou consignation montants nécessaires, actif net entre actionnaires proportion actions” (deed in French)
2 more provisions in the deed, see the deed of 29-06-2023

deed of 29-06-2023

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