Destruction System
Active Risk: not assessedSummary
Destruction System is less than twelve months old; there is no public track record yet to compute a bankruptcy probability from. The association has been active since 2026 and the Belgian Official Gazette contains no insolvency or warning signals. 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.
- Destruction System
- 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
- Board ruleHow the board is made up, meets and takes decisions.
- “Algemene vergadering” (deed in Dutch)7 more provisions on this in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Alle leden kunnen op de zetel van de vereniging het ledenregister raadplegen via schriftelijk verzoek aan het bestuursorgaan, register van…” (deed in Dutch)“Elke natuurlijke persoon, rechtspersoon of organisatie die de doelstellingen van de vzw ondersteunt, toegetreden leden” (deed in Dutch)1 more provision 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
- General meetingThe meeting of all shareholders, which appoints directors and approves the accounts.
- “Voorzitter van het bestuursorgaan, alle werkende leden” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed