Summary
FORMADEV has been active since 2014 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags). 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.
- FORMADEV
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Territoire de la Région wallone” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Art.26 - Les actions judiciaires tant en demandant qu'en défendant sont intentées ou soutenues au nom de l'Association par l'organe…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Illimité, 3” (deed in French)“Tout administrateur révocable en tout temps par assemblée générale sans justification, assemblée générale pourvoit remplacement si…” (deed in French)2 more provisions on this in the deed
- 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.
- “Illimité, plénitude des droits accordés aux membres par la loi et les présents statuts” (deed in French)“Organe d administration peut suspendre,jusqu à la décision de l Assemblée générale à la majorité des deux tiers des voix présentes ou…” (deed in French)“Décès,démission ou exclusion, démissionnaires,suspendus ou exclus ainsi que successeurs,héritiers ou ayant droit d un membre décédé ne…” (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
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Dissolution association, mêmes conditions que modification objet ou but social” (deed in French)1 more provision on this in the deed