19 - Issued capital and reserves

Issued capital

At December 31, 2023, 2022 and January 1, 2022, the issued and fully paid capital amounts to € 10 million, consisting of ordinary shares, each € 1.00.

Legal reserves

The Company maintains legal reserves for undistributed profits of certain participating interest and for capitalized development costs.

Off-balance sheet obligations

The company forms part of a group tax entity for corporation tax and turnover tax and as such is jointly and severally liable for the corporation and turnover tax debt of the group tax entity as a whole.

The legal entity is a partner in several general partnerships (v.o.f.) and as such is jointly and severally liable for the debts of these general partnerships.