Summary
BALLAST has been active since 2014 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
- PurposeThe activities the company may carry out under its articles.
- “Door het organiseren van evenementen de sociale contacten tussen mensen stimuleren en het in contact brengen met andere culturen” (deed in Dutch)
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Ballast
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, 3900 Pelt, Lindelheidestraat 9” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Onbepaalde duur, 2” (deed in Dutch)“Uitgesloten” (deed in Dutch)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “2” (deed in Dutch)“Geen beroep mogelijk, elke natuurlijke persoon en elke rechtspersoon” (deed in Dutch)“Alle leden op zetel na schriftelijk verzoek aan bestuursorgaan met afgesproken datum en uur, alle rechten en plichten in WVV” (deed in Dutch)“Geen lidmaatschapsbijdrage” (deed in Dutch)“Onmiddellijk, per brief/per email aan Bestuur” (deed in Dutch)“Bestuur, strijd met doelstellingen” (deed in Dutch)“Geheim, uitsluiting geagendeerd met alleen de naam” (deed in Dutch)“Algemene Vergadering, leden” (deed in Dutch)2 more provisions on this in the deed
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Gerechtelijke ontbinding van vzw, lid of belanghebbende derde of Openbaar Ministerie” (deed in Dutch)1 more provision on this in the deed