HORIZON
ActiveSummary
HORIZON has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.3m and a net result of €176,676. Equity is growing by about 4.1% per year across the filed financial years. Its solvency ranks better than 52% of 510 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het organiseren van gezonde en recreatieve ontspanning,zowel tijdens de vakantieperiodes als tijdens het schooljaar” (deed in Dutch)
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Horizon VZW
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Wetboek van Vennootschappen en Verenigingen, Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “ARTIKEL 12.VERTEGENWOORDIGING VAN DE VERENIGING 12.1Het bestuursorgaan leidt de zaken van de vereniging en vertegenwoordigt deze in en…”
- Board ruleHow the board is made up, meets and takes decisions.
- “3, kosteloos tenzij algemene vergadering anders bepaalt” (deed in Dutch)“Onbepaalde duur, Artikel10” (deed in Dutch)1 more provision on this in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Leden, enkel rechten en verplichtingen uitdrukkelijk toebedeeld door statuten of intern reglement” (deed in Dutch)“Schriftelijk of mondeling gericht aan bestuursorgaan of aan één van haar leden, voorzitter van het bestuursorgaan” (deed in Dutch)“Leden van de vereniging” (deed in Dutch)“Bestuursorgaan kan in individuele gevallen soeverein uitzondering toestaan, 6 maanden” (deed in Dutch)
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.
- “Na aanzuivering schulden aan vereniging met gelijkaardig voorwerp, vereffenaar kan gemotiveerd voorstel overmaken aan vergadering over…” (deed in Dutch)