Summary
LETROM has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (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.
- “Alle culturele activiteiten en producten die ze interessant acht zowel administratief te ondersteunen als te promoten,bekend te maken en te…” (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.
- Letrom
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Art. 14. Het bestuursorgaan leidt de zaken van de vereniging en vertegenwoordigt deze in en buiten rechte. Zij is bevoegd voor alle…”
- Board ruleHow the board is made up, meets and takes decisions.
- One provision in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Schriftelijk aan bestuursorgaan per brief of per e-mail, bestuursorgaan beslist vrij over elk verzoek” (deed in Dutch)“Bestuursorgaan binnen door bestuur te bepalen termijn, algemene vergadering” (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
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed