Summary
Drumdrum 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.
- Drumdrum
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Voor zover verplaatsing overeenkomstig toepasselijke taalwetgeving niet verplicht tot wijziging van taal van statuten, Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Onbepaalde duur, 3” (deed in Dutch)“Ten minste helft aanwezig of vertegenwoordigd, gewone meerderheid” (deed in Dutch)2 more provisions on this in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Volheid van lidmaatschap met inbegrip van stemrecht komt uitsluitend toe aan effectieve leden, Artikel 6” (deed in Dutch)“Lidgeld effectieve leden” (deed in Dutch)“Algemene vergadering, schriftelijk aan bestuursorgaan” (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
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- “Artikel 20. Er zal jaarlijks, in de loop van de maand juni en op de zetel van de VZW, een algemene vergadering gehouden worden op een dag en…” (deed in Dutch)
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering op wijze zoals bepaald door wet” (deed in Dutch)