Summary
LARSSPEED has been active since 2008 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.
- Larsspeed
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “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 15. Bevoegdheden van de raad van bestuur §1. De raad van bestuur is bevoegd om alle handelingen te verrichten die nodig of dienstig…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Samenstelling raad van bestuur, algemene vergadering” (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.
- “Niet beperkt, leden” (deed in Dutch)“Uittreding, raad van bestuur” (deed in Dutch)“Uittredend lid, geen aanspraak op bezit” (deed in Dutch)“Uitsluiting, geen aanspraak op bezit” (deed in Dutch)“Ledenbijdragen, algemene vergadering” (deed in Dutch)2 more provisions 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
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Third Thursday of May at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Elk moment, zelfde als wijziging voorwerp of belangeloos doel” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed