Summary
BALY has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.6% (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.
- BALY
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, adresse du nouveau siège au Moniteur” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 27 - L'Organe d'administration représente l'association dans tous les actes judiciaires et extrajudiciaires. Il peut toutefois…”
- Board ruleHow the board is made up, meets and takes decisions.
- “3, 25” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Selon statuts,seules modalités d'exercice peuvent figurer au R.O.I., 5” (deed in French)“6, titre d'affilié d'honneur ou parrain par Organe,non cumulable avec effectif ou adhérent;titre d'affilié émérite pour services insignes” (deed in French)“Non-respect statuts,défaut de paiement au plus tard dans le mois du rappel par lettre recommandée,défaut présent représenté ou excusé à…” (deed in French)
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
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution-liquidation, greffe Tribunal de l'Entreprise” (deed in French)