Summary
Circulaction has been active since 2011 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.
- Circulaction
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Composition de l'organe d'administration, membres effectifs et/ou tiers” (deed in French)“Durée et fin du mandat d'administrateur, en tout temps par l'assemblée générale sans justification” (deed in French)“Démission et vacance d'administrateur, absent à plus de trois réunions sans excuse ni procuration” (deed in French)“Président ou administrateur désigné, fonctionnement de l'organe d'administration” (deed in French)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “4, plénitude” (deed in French)
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- “TITRE 6 - Comptes et budget Article.30 - Exercice social et tenue des comptes L'exercice social commence le ler janvier pour se terminer le…” (deed in French)
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Seule assemblée générale sauf dissolution judiciaire selon Livre 2,Titre 8,Chapitre 2 du Code des sociétés et des associations, assemblée…” (deed in French)