Summary
NE5T Foundation has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low). A small private foundation 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.
- NE5T Foundation
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, transférable en tout autre lieu en Belgique par simple décision de l'organe d'administration, pour autant que pareil…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Modes de nomination, de cessation des fonctions et de révocation des administrateurs, deux tiers au moins des membres effectivement présents…” (deed in French)“Président désigné en son sein,éventuellement vice-président et secrétaire,trésorier parmi membres si utile, renouvelable plusieurs fois si…” (deed in French)
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