Summary
Fun Challenge has been active since 2018 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.
- Fun Challenge
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région Wallonne” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Déterminée par assemblée générale ou indéterminée à défaut, minimum requis par la loi” (deed in French)“Rémunération des administrateurs, frais généraux indépendamment frais représentation, voyages et déplacements” (deed in French)1 more provision 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.
- “2, uniquement droits et obligations fixés dans statuts” (deed in French)“À tout moment, démission” (deed in French)“Exclusion, e-mail communiqué, ou pli recommandé si courrier choisi” (deed in French)“Assemblée générale composée des Membres Effectifs” (deed in French)2 more provisions 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
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Respectées le cas échéant conformément à la loi, à tout moment par décision de l'assemblée générale aux mêmes conditions que modification de…” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments, administrateurs en fonction si aucun autre liquidateur désigné” (deed in French)