Summary
Level L has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (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.
- “Level L vzw heeft tot doel het ondersteunen en ontwikkelen van initiatieven die zich richten op het creëren van artistieke en…” (deed in Dutch)
Text of the purpose (deed in Dutch)
“Level L vzw heeft tot doel het ondersteunen en ontwikkelen van initiatieven die zich richten op het creëren van artistieke en maatschappelijke processen alsook het in eigen beheer uitwerken en uitvoeren van artistieke en sociaal-artistieke projecten.”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Level L
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams gewest, 9070 Destelbergen,Burgemeester Meirsonstraat 67” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Titel VII - Vertegenwoordiging Art. 23. De vzw wordt vertegenwoordigd in rechte of ten overstaan van derden door de handtekening van één…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Onbepaalde duur, bestuursorgaan” (deed in Dutch)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Bestuursorgaan, zetel” (deed in Dutch)“Eerstvolgende algemene vergadering, 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
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene vergadering, twee derde van leden aanwezig” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Vrijwillige ontbinding, één of meer vereffenaars” (deed in Dutch)