BAV
Active Risk: not assessedSummary
BAV is less than twelve months old; there is no public track record yet to compute a bankruptcy probability from. The association has been active since 2026 and the Belgian Official Gazette contains no insolvency or warning signals. 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.
- “L'étude, la production, la réalisation, la promotion et la diffusion d'objets artistiques ou culturels en collaboration avec les pays…” (deed in French)
Text of the purpose (deed in French)
“L'étude, la production, la réalisation, la promotion et la diffusion d'objets artistiques ou culturels en collaboration avec les pays européens et extra-européens.”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- BAV a.s.b.l.
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Rue de Filipesti, 17 à 4630 Soumagne, Liège” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Art. 29. L'association peut être valablement représentée dans tous les actes ou en justice par un ou plusieurs membres, administrateurs ou…”
- Board ruleHow the board is made up, meets and takes decisions.
- “2, 3” (deed in French)“À titre provisoire, achève mandat administrateur remplacé” (deed in French)“Majorité des membres présente, Art.24” (deed in French)“Pouvoirs les plus étendus pour administration et gestion, Art.25” (deed in French)“Art.31, aucune obligation personnelle,responsables que exécution mandat” (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.
- “Fondateurs soussignés, membres effectifs seuls” (deed in French)“Nouveaux membres, souverainement” (deed in French)“Demande écrite, personne qui désire être membre adhérent” (deed in French)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 May to 30 April
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- In April
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed