Summary
FLAG has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 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.
- FLAG
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, Le conseil d'administration est autorisé à transférer le siège social en Belgique dans la même zone linguistique. Si, à la…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- 3 provisions in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Illimité, 2” (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
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- In June
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one.
- No statutory auditor