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FUTURE RACING

Active Risk: very low
Non-profit associationfounded 2023active for 3 yearsSteendam 7, 8900 Ieper, BelgiumKBO/BCE: BE 1000.610.329
Summary

FUTURE RACING has been active since 2023 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.

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FUTURE RACINGActive
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Articles of association

What the company does

PurposeThe activities the company may carry out under its articles.
“Het promoten,stimuleren en organiseren van de gemotoriseerde sportbeoefening,dit tot bevordering van de gemotoriseerde sport” (deed in Dutch)
Text of the purpose (deed in Dutch)

“Het promoten,stimuleren en organiseren van de gemotoriseerde sportbeoefening,dit tot bevordering van de gemotoriseerde sport.”

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.
FUTURE RACING
Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
“Vlaams Gewest, bestuursorgaan bevoegd zetel binnen België te verplaatsen binnen hetzelfde taalgebied” (deed in Dutch)

deed of 04-10-2023

Who represents it, and how

Who signsWho may bind the company towards others, for example by signing a contract.
“Het bestuursorgaan kan een deel van zijn bestuursbevoegdheden delegeren aan één of meerdere derden nietbestuurders, zonder dat deze…”
Board ruleHow the board is made up, meets and takes decisions.
“Onbepaalde duur, 3” (deed in Dutch)

deed of 04-10-2023

Capital, shares and profit

Membership ruleWho can become a member or partner, and on what terms.
“2, enkel leden” (deed in Dutch)

deed of 04-10-2023

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

deed of 04-10-2023

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.
“Een/twee/drie, bestuursorgaan van rechtswege als college bij gebrek benoeming” (deed in Dutch)

deed of 04-10-2023

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

Other provision: “Schorsing en uitsluiting, door bestuursorgaan op elk moment” (deed in Dutch)
Other provision: “Samenstelling algemene vergadering” (deed in Dutch)
Other provision: “Exclusieve bevoegdheden algemene vergadering, alle andere bevoegdheden behoren tot bestuursorgaan” (deed in Dutch)
Other provision: “Bijeenroeping algemene vergadering, 1” (deed in Dutch)
Other provision: “Quorum algemene vergadering, geldig ongeacht aantal aanwezige of vertegenwoordigde” (deed in Dutch)
Other provision: “Stemming algemene vergadering, verworpen” (deed in Dutch)
Other provision: “Verslag algemene vergadering, beslissingen” (deed in Dutch)
Other provision: “Vergadering bestuursorgaan, zetel of andere plaats in België in oproeping” (deed in Dutch)
Other provision: “Intern bestuur, alle handelingen intern bestuur nodig of dienstig voor voorwerp” (deed in Dutch)
Other provision: “Dagelijks bestuur, bestuursorgaan” (deed in Dutch)
Other provision: “Jaarrekening,begroting en kwijting, na verantwoording beleid,bij afzonderlijke stemming” (deed in Dutch)
7 more provisions in the deed, see the deed of 04-10-2023

deed of 04-10-2023

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