Summary
Brave has been active since 2008 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is below 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.
- Brave
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “TITEL VIII. -- Vertegenwoordiging van de vereniging Art. 15. De voorzitter van het bestuursorgaan vertegenwoordigt de vereniging. Indier het…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Onbepaalde duur, bestuurders kunnen kandidaten voor Dagelijks Bestuur voordragen” (deed in Dutch)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Enkel de effectieve leden hebben volheid om te stemmen op de Algemene Vergadering en geheel van de rechten, uitgesloten of ontslagnemende…” (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.
- “Twee derde van de leden aanwezig, vier vijfde meerderheid” (deed in Dutch)