Summary
ADAS has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low). A small non-profit association files its annual accounts with the court registry, not with the National Bank.
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.
- ADAS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Belgique,en région wallonne, Article 3” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Titre IX LA REPRESENTATION LEGALE Article 43: Le conseil d'administration représente l'association, en ce compris la représentation en…”
- Board ruleHow the board is made up, meets and takes decisions.
- 2 provisions in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- 5 provisions in the deed
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- Closes on 31 December
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Dissolution volontaire, à tout moment” (deed in French)“Dissolution de plein droit” (deed in French)“Dissolution judiciaire, pli judiciaire par greffe” (deed in French)1 more provision on this in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Assemblée générale à majorité simple, un ou plusieurs liquidateurs” (deed in French)“Réouverture, créancier n'ayant pas recouvré intégralité créance” (deed in French)“Liquidateurs” (deed in French)