{"id":1,"date":"2023-09-13T14:37:27","date_gmt":"2023-09-13T12:37:27","guid":{"rendered":"https:\/\/thelineavocats.fr\/?p=1"},"modified":"2026-03-25T11:03:44","modified_gmt":"2026-03-25T10:03:44","slug":"focus-sur-la-reconstitution-des-capitaux-propres-en-cas-de-perte-de-plus-de-la-moitie-du-capital-social","status":"publish","type":"post","link":"https:\/\/thelineavocats.fr\/en\/articles\/focus-sur-la-reconstitution-des-capitaux-propres-en-cas-de-perte-de-plus-de-la-moitie-du-capital-social\/","title":{"rendered":"Focus on the restoration of shareholders\u2019 equity in the event of a loss exceeding half of the share capital"},"content":{"rendered":"
\n\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t\n

Cadre r\u00e9glementaire applicable<\/span><\/h2>\n

Decree No. 2023-657, which entered into force on July 27, 2023, introduces a new regularization procedure applicable when a company records, at the end of a financial year, losses resulting in shareholders\u2019 equity falling below half of the share capital.<\/p>\n\n

Pour rappel, dans cette hypoth\u00e8se, la r\u00e8glementation impose aux associ\u00e9s (art. L.223-42 (SARL), L. 225-248 (SA), L.227-1 (SAS), L.226-1 (SCA) et L.229-1 (SE)) de d\u00e9cider, dans les quatre mois qui suivent l’approbation des comptes ayant fait appara\u00eetre la perte s’il y a lieu \u00e0 dissolution anticip\u00e9e de la soci\u00e9t\u00e9. Si la dissolution n’est pas prononc\u00e9e, la soci\u00e9t\u00e9 est alors tenue, au plus tard \u00e0 la cl\u00f4ture du deuxi\u00e8me exercice suivant celui au cours duquel la constatation des pertes est intervenue, de reconstituer ses capitaux propres \u00e0 concurrence d’une valeur au moins \u00e9gale \u00e0 la moiti\u00e9 de son capital social ou de r\u00e9duire son capital social dans les m\u00eames proportions.<\/p>\n

Les apports de la loi du 9 mars 2023<\/span><\/h2>\n\n

The Law of 9 March 2023 on various provisions adapting French law to European Union law in the fields of economy, health, labour, transport, and agriculture (known as the \u201cDDADUE\u201d Law) introduced an additional step by extending the regularization period to four financial years, in order to avoid the sanction of dissolution (any interested party may petition the court to dissolve the company in the event of non-compliance within the prescribed time frame).\n\nThus, if by the end of the first two financial years, the company\u2019s shareholders\u2019 equity has not been restored to at least half of its share capital, and if the company\u2019s share capital exceeds a threshold set by decree, the company is required\u2014no later than the close of the second financial year following this initial period\u2014to reduce its share capital to a value that is less than or equal to that threshold.<\/p>\n

Analyse du d\u00e9cret n\u00b0 2023-657<\/span><\/h2>\n\n

Decree No. 2023-657 now sets the thresholds provided for by the Law of 9 March 2023, defining the share capital limits beyond which, depending on the size of their balance sheet, companies are required to reduce their share capital if they have failed to restore their shareholders\u2019 equity within the legal time frame following the recognition of its insufficiency.<\/p>\n\n

For SARLs (private limited liability companies) and SASs (simplified joint-stock companies), the threshold is set at 1% of the company\u2019s total balance sheet, as recorded at the close of the most recent financial year.\n\nFor SAs (public limited companies), SCAs (partnerships limited by shares), and SEs (European companies), the threshold is determined as the higher of:\n\n1% of the company\u2019s total balance sheet at the end of the most recent financial year, and\n\nthe statutory minimum share capital (set at \u20ac37,000 for SAs and SCAs, and \u20ac120,000 for SEs).<\/p>\n\n

In this respect, the decree eases the existing regulatory framework and encourages companies to restore their shareholders\u2019 equity through capital reductions under more flexible conditions.\nIt should be noted that shareholders\u2019 equity may be restored either
y increasing the share capital or by reducing it through the absorption of recorded losses.<\/p>\n\n

Thus, driven by a desire to align with European regulatory requirements, these new provisions relax the existing framework and aim to prevent an excessive risk of early dissolution for companies.<\/p>\n\n

Pour obtenir des informations compl\u00e9mentaires concernant la r\u00e9gularisation des capitaux de votre soci\u00e9t\u00e9, nous vous invitons \u00e0 prendre rendez-vous avec avocat sp\u00e9cialis\u00e9 en droit des soci\u00e9t\u00e9s. Il est indispensable d\u2019appr\u00e9cier chaque situation au cas par cas afin de vous d\u00e9livrer des conseils \u00e9clair\u00e9s et mettre en place la solution la plus adapt\u00e9e pour votre activit\u00e9.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t

\n\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tDOWNLOAD PDF<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

Le d\u00e9cret n\u00b02023-657 entr\u00e9 en vigueur le 27 juillet 2023 introduit une nouvelle proc\u00e9dure de r\u00e9gularisation lorsqu\u2019une soci\u00e9t\u00e9 constate, \u00e0 la cl\u00f4ture d\u2019un exercice, des pertes telles que ses capitaux propres deviennent inf\u00e9rieurs \u00e0 la moiti\u00e9 de son capital social<\/p>","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,26],"tags":[],"class_list":["post-1","post","type-post","status-publish","format-standard","hentry","category-autre","category-societes"],"_links":{"self":[{"href":"https:\/\/thelineavocats.fr\/en\/wp-json\/wp\/v2\/posts\/1","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thelineavocats.fr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thelineavocats.fr\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thelineavocats.fr\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/thelineavocats.fr\/en\/wp-json\/wp\/v2\/comments?post=1"}],"version-history":[{"count":6,"href":"https:\/\/thelineavocats.fr\/en\/wp-json\/wp\/v2\/posts\/1\/revisions"}],"predecessor-version":[{"id":2318,"href":"https:\/\/thelineavocats.fr\/en\/wp-json\/wp\/v2\/posts\/1\/revisions\/2318"}],"wp:attachment":[{"href":"https:\/\/thelineavocats.fr\/en\/wp-json\/wp\/v2\/media?parent=1"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thelineavocats.fr\/en\/wp-json\/wp\/v2\/categories?post=1"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thelineavocats.fr\/en\/wp-json\/wp\/v2\/tags?post=1"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}