GM ASSOCIATION
ActiveSummary
GM ASSOCIATION has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of €1.2m. Equity is growing by about 85% per year across the filed financial years. Its solvency ranks better than 25% of 147 sector peers (NACE 26, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Articles of association
What the company does
- Name clauseThe name the company operates under according to its articles.
- GM ASSOCIATION
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région walionne” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Avec ou sans limitation de durée, un ou plusieurs administrateurs” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Registre des actions nominatives, mentions requises par Code des sociétés et des associations” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Cessions entre vifs à titre onéreux ou gratuit,volontaires ou forcées,exclusion et retrait,en usufruit,nue-propriété ou pleine…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Émission entièrement souscrite ou plus aucun actionnaire ne se prévaut, organe qui procède à l'émission” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Wednesday of June at 18:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “À tout temps par décision de l'assemblée générale délibérant dans formes prévues pour modifications aux statuts” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Dissolution pour quelque cause et à quelque moment que ce soit, désigner un ou plusieurs liquidateurs et déterminer pouvoirs et émoluments” (deed in French)