Summary
GEAR has been active since 2010 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
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GEAR
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams gewest, overbrenging naar andere plaats in hetzelfde rechtsgebied bij besluit van het bestuursorgaan” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Onbepaalde duur, 2” (deed in Dutch)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Volheid van het lidmaatschap,met inbegrip van het stemrecht,komt uitsluitend toe aan de effectieve leden, ledenregister op de zetel” (deed in Dutch)“Schriftelijk aan het bestuursorgaan per brief of per e-mail, bestuursorgaan beslist vrij over elk verzoek” (deed in Dutch)“Nadat lid is gehoord,althans opgeroepen, ereleden,beschermleden,steunende of adviserende leden worden beschouwd als toegetreden leden” (deed in Dutch)“Geen bijdrage verschuldigd tenzij anders beslist door de algemene vergadering” (deed in Dutch)
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.
- Last Saturday of June
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Wetboek van Vennootschappen en Verenigingen, benoeming één of meerdere door Algemene Vergadering” (deed in Dutch)