Summary
BIG YOUTHS has been active since 2011 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (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.
- BIG YOUTHS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, zetel kan gewijzigd worden door beslissing van het bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “2, enkel aangesloten om te genieten van de activiteiten van de VZW” (deed in Dutch)“Precieze omvang wordt bepaald volgens het intern reglement, jaarlijks” (deed in Dutch)“Bestuursorgaan maant niet-betalende leden aan tot betaling binnen door het bestuur te bepalen termijn, wordt geacht ontslag te nemen” (deed in Dutch)
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.
- “Vrijwillige ontbinding, voorstel uitdrukkelijk vermeld” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Één of meer vereffenaars, algemene vergadering of bij gebreke rechtbank” (deed in Dutch)“Procedures vzw in ontbinding of vereffening, artikelen 2:109 tot 2:149 WVV” (deed in Dutch)