Summary
No Limit Team has been active since 1993 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.
- No Limit Team
- 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.
- “Gemachtigden Uittreksel uit de statuten: Het bestuursorgaan vertegenwoordigt als college de vzw in alle handelingen in en buiten rechte…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Alle handelingen van intern bestuur die nodig of dienstig zijn voor de verwezenlijking van het voorwerp en belangeloos doel, meerderheid van…” (deed in Dutch)
Capital, shares and profit
- Membership ruleWho can become a member or partner, and on what terms.
- “Sportleden, werkende leden” (deed in Dutch)“24, 12” (deed in Dutch)“Onbepaalde duur, bij strijd met doelstellingen kan bestuursorgaan schorsen van deelname aan activiteiten in afwachting van AV over…” (deed in Dutch)“Één sportseizoen,onbeperkt hernieuwbaar, elke natuurlijke persoon kan toegetreden lid of sportlid worden” (deed in Dutch)1 more provision on this in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Vzw met belangeloos doel die sport promoot en kernwaarden beantwoordt” (deed in Dutch)