Summary
FORMOSA has been active since 2001 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.
- “Cours de français; Activités socio-culturelles; Activités de formation; Toute autre activité qui s'inscrit dans la réalisation de son objet” (deed in French)
4 activities (deed in French)
- Cours de français
- Activités socio-culturelles
- Activités de formation
- Toute autre activité qui s'inscrit dans la réalisation de son objet
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Formosa
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Bruxelles-Capitale, https://www.asblformosa.be/” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 25: Représentation générale de l'association Les actions judiciaires, tant en demandant qu'en défendant, sont intentées ou soutenues…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, 3” (deed in French)“En tout temps par l'assemblée générale sans justification, 3” (deed in French)“Absent-e à plus de deux réunions sans excuse ni procuration, par écrit à l'organe d'administration” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Plénitude des droits, membres effectif-ves” (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.
- “Mêmes conditions que modification de l'objet ou du but social, conformément aux règles du Code des sociétés et des associations” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Pouvoirs,rémunération éventuelle,affectation actif net, Livre 2,Titre 8,Chapitre 2 du Code des sociétés et des associations” (deed in French)