Summary
de console has been active since 2007 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
- PurposeThe activities the company may carry out under its articles.
- “Het ondersteunen van muzikanten in het bijzonder en kunstenaars in het algemeen,met bijzondere aandacht voor vernieuwende muzikale projecten” (deed in Dutch)
Text of the purpose (deed in Dutch)
“Het ondersteunen van muzikanten in het bijzonder en kunstenaars in het algemeen,met bijzondere aandacht voor vernieuwende muzikale projecten.”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DE CONSOLE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, 9000 Gent,Baudelostraat 11a” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Vergoed op voorlegging bewijsstukken, samenstelling Bestuursorgaan” (deed in Dutch)“Vergoed op voorlegging bewijsstukken, Bestuursorgaan onder zijn leden” (deed in Dutch)
- Power of attorneyA special mandate allowing someone to perform one or more acts on the company's behalf.
- One provision in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Bestuursorgaan, schorsing van leden” (deed in Dutch)“Uitsluiting van rechten op bezit, bezit van de VZW” (deed in Dutch)“Onbeperkt, werkende leden” (deed in Dutch)“Natuurlijke persoon, Bestuursorgaan” (deed in Dutch)“Enkel rechten en plichten in statuten of wetgeving, WVV” (deed in Dutch)3 more provisions on this in the deed
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.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Netto-actief ontbonden VZW, na betaling passief” (deed in Dutch)