Summary
INGOBYI has been active since 2009 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (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.
- INGOBYI
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Algemene handtekeningsbevoegdheid is enkel voor de bestuurders van de VZW. Het bestuursorgaan vertegenwoordigt als college de VZW in alle…”
- Board ruleHow the board is made up, meets and takes decisions.
- 10 provisions in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “De algemene vergadering kan, op de door haar te bepalen voorwaarden, aan bepaalde personen de titel van erelid van de vereniging toekennen…” (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.
- “Artikel 20. Organisatie en bijeenroeping leder jaar wordt een gewone algemene vergadering gehouden op de zetel, ten laatste in de maand mei…” (deed in Dutch)
- General meeting ruleHow the general meeting works: who calls it, who may attend and how it decides.
- 2 provisions in the deed
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Schriftelijke volmacht aan een ander Vast Lid, één dergelijke volmacht” (deed in Dutch)“Meerderheid van stemmen, ongeacht het aantal effecten dat op de algemene vergadering vertegenwoordigd is” (deed in Dutch)
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- One provision in the deed
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Besluit van de algemene vergadering, in voorkomend geval overeenkomstig de wet toepasselijke verslaggevingsverplichtingen worden in acht…” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Indien geen andere vereffenaar zou zijn benoemd, bestuurders in functie” (deed in Dutch)