Summary
Jaws has been active since 1993 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
- PurposeThe activities the company may carry out under its articles.
- “Watersport in het algemeen en onderwatersport in het bijzonder, in alle wateren en onder alle vormen te beoefenen en te bevorderen, in…” (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.
- JAWS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- One provision in the deed
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Afdeling 4 -Externe vertegenwoordiging Artikel 29. Vertegenwoordigingsbevaegdheid De vereniging wordt rechtsgeldig verbonden door de…”
- Board ruleHow the board is made up, meets and takes decisions.
- “3, gewone meerderheid aanwezige of vertegenwoordigde leden” (deed in Dutch)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Onbeperkt, bestuur” (deed in Dutch)“Lidgeld, bestuur” (deed in Dutch)“Voorwaarden lidmaatschap, elke natuurlijke persoon kan zich kandidaat stellen” (deed in Dutch)“Schriftelijk ter kennis aan bestuur, uittreding” (deed in Dutch)“Uitsluiting, algemene vergadering” (deed in Dutch)“Geen recht op teruggave of vergoeding, gestorte bijdragen” (deed in Dutch)1 more provision on this in the deed
Meetings and financial year
- Financial yearThe twelve-month period the company draws up its annual accounts for.
- From 1 January to 31 December
- General meetingThe meeting of all shareholders, which appoints directors and approves the accounts.
- “Voorzitter van bestuur, leden van de vereniging” (deed in Dutch)“Exclusieve bevoegdheden” (deed in Dutch)“Wijze van oproeping, (elektronische) post” (deed in Dutch)“Schriftelijke volmacht, vertegenwoordiging” (deed in Dutch)“Meerderheid, gewone meerderheid aanwezige en vertegenwoordigde stemmen” (deed in Dutch)1 more provision on this in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Bevoegdheid en vereffeningsvoorwaarden, aanwezigheids-en meerderheidsvereisten voor wijziging belangeloos doel” (deed in Dutch)