Summary
BRUCORTHO has been active since 2005 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.
- Brucortho
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Artikel 20. Externe vertegenwoordigingsmacht 1.Het bestuursorgaan vertegenwoordigt de VZW als college in alle handelingen in en buiten…”
- Board ruleHow the board is made up, meets and takes decisions.
- 5 provisions in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Jaarlijks vastgelegd door het bestuursorgaan, Werkende Leden” (deed in Dutch)“Toegetreden leden, enkel de rechten en plichten die in deze statuten worden omschreven” (deed in Dutch)“Uittreding van leden, ontslagnemend lid blijft gehouden tot de integrale betaling van de lidmaatschapsbijdrage en tot de deelname in de…” (deed in Dutch)“Uitsluiting, uitsluiting moet worden aangegeven in de oproeping” (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
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- In April
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one.
- No statutory auditor
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed