Summary
Midzomer has been active since 1994 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.
- “Het organiseren en verwezenlijken van socio-culturele activiteiten van allerlei aard; Het steunen van ontwikkelingsprojecten,zowel in het…” (deed in Dutch)
2 activities (deed in Dutch)
- Het organiseren en verwezenlijken van socio-culturele activiteiten van allerlei aard
- Het steunen van ontwikkelingsprojecten,zowel in het binnen-als in het buitenland en dit zowel op eenmalige als op structurele basis
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- Midzomer
- 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
- Board ruleHow the board is made up, meets and takes decisions.
- “Onbepaalde duur, gewone meerderheid van stemmen van aanwezige of vertegenwoordigde leden” (deed in Dutch)2 more provisions on this in the deed
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Eenzelfde categorie van leden,allen effectieve leden, niet beperkt” (deed in Dutch)“Meerderheid van twee derden van de aanwezige of vertegenwoordigde leden, aanvaard bij besluit algemene vergadering” (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
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Algemene Vergadering op elk ogenblik, 1” (deed in Dutch)