Summary
Circle U has been active since 2021 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 int'l 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.
- Circle U
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “En Belgique ou tout autre pays, Région de Bruxelles-Capitale” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “TITRE X. Représentation générale Article 32. Représentation générale Les actes qui engagent I'Association, autres que de gestion…”
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Physiques ou morales, membres universités et membres étudiants sauf indication contraire” (deed in French)“Admission, unanimité des voix des membres universités” (deed in French)“Représentation des membres, Recteur/Président/Vice-chancelier ou représentant de haut niveau sous autorité” (deed in French)“Démission et exclusion, libre par courrier ordinaire ou électronique au Président” (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
- Dissolution ruleWhen and by whom the company can be dissolved.
- “2/3 votes exprimés, 2/3 membres présents ou représentés” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Assemblée générale, tous administrateurs conjointement en charge si défaut nomination” (deed in French)