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Forty Two

Active Risk: not assessed
Non-profit associationfounded 2026active for less than a yearHembeke(Paul) 2, 9630 Zwalm, BelgiumKBO/BCE: BE 1040.080.619
Summary

Forty Two 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.

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Forty TwoActive
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Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Evenementen, feesten en festivals organiseren; Samenwerken met artiesten, DJ’s, venues en andere organisatoren; Merchandising en promotie…” (deed in Dutch)
5 activities (deed in Dutch)
  1. Evenementen, feesten en festivals organiseren
  2. Samenwerken met artiesten, DJ’s, venues en andere organisatoren
  3. Merchandising en promotie voeren
  4. Subsidies, giften en sponsoring aanvaarden
  5. Alle activiteiten ondernemen die rechtstreeks of onrechtstreeks bijdragen tot de verwezenlijking van het maatschappelijk doel

The full purpose is in the deed

DurationHow long the company exists; usually unlimited, so until it is dissolved.
Unlimited
Name clauseThe name the company operates under according to its articles.
Forty Two
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Oost-Vlaams Gewest, Hembeke 2,9630 Zwalm” (deed in Dutch)

deed of 10-07-2026

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
Two directors jointly
Board ruleHow the board is made up, meets and takes decisions.
“3, 2” (deed in Dutch)

deed of 10-07-2026

Capital, shares and profit

Membership ruleWho can become a member or partner, and on what terms.
“Enkel effectieve leden genieten volheid van rechten volgens WVV en statuten, 2” (deed in Dutch)
“Toetreding, soeverein zonder motivering van weigering” (deed in Dutch)
“Ontslag en uitsluiting, betrokken lid gehoord of behoorlijk opgeroepen” (deed in Dutch)
“Lidgeld, jaarlijks” (deed in Dutch)

deed of 10-07-2026

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 January

deed of 10-07-2026

Oversight and winding up

Dissolution ruleWhen and by whom the company can be dissolved.
One provision in the deed
Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
“Netto-actief, ontbinding” (deed in Dutch)

deed of 10-07-2026

Other provisionsOther rules from the articles that fall under none of the themes above.

Other provision: “Algemene vergadering samenstelling en bevoegdheden, alle effectieve leden” (deed in Dutch)
Other provision: “Algemene vergadering bijeenroeping, minstens éénmaal per jaar uiterlijk zes maanden na afsluiting boekjaar” (deed in Dutch)
Other provision: “Bestuursorgaan bevoegdheden, alle handelingen niet door WVV of statuten aan algemene vergadering voorbehouden” (deed in Dutch)
Other provision: “Bestuursorgaan vergaderingen, gewone meerderheid” (deed in Dutch)
Other provision: “WVV, jaarrekening en begroting” (deed in Dutch)
Other provision: “WVV van toepassing voor alles niet in statuten voorzien, aanvullend recht” (deed in Dutch)
1 more provision in the deed, see the deed of 10-07-2026

deed of 10-07-2026

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